Carson Valley Real Estate Update - December, 2007

Posted by Mitch Argon / CalNeva Realty on Monday, December 10th, 2007 at 7:46pm.

Carson Valley, NV Real Estate - Update for December, 2007

This post provides some narrative insights into the Carson Valley real estate market which consists of Minden, Gardnerville, Genoa, and Wellington (near Topaz  Lake).  If you are interested in tracking the market, subscribe to  The Greater Reno-Tahoe Real Estate Report, a free, monthly e-report showing charts and graphs of key Carson Valley real estate market trends and statistics. Please note: this post contains information for homes sold in November, 2007 and inventory levels in December, 2007.

Carson Valley Median Home Price

The Carson Valley median home price for November, 2007 was $319,500.  This is down 19% from the Carson Valley median home price in November of 2006.  This price level is down $112K from a peak of $432,000 in September, 2005.  This median price level is likely a one month anomaly, however, and I expect to see this number in the $370K+ range, on average, for the coming months. 

Carson Valley Homes For Sale

There are approximately 581 homes for sale in the Carson Valley in December, 2007.  Last December there were 655 homes listed - this is a good trend. The rather anemic pace of home sales, however, keeps the Carson Valley real estate market (12.7 months of inventory) at about the same conditions as one year ago (12.3 months of inventory).

Carson Valley Homes Sold

There were 38 Carson Valley homes sold in November, 2007.  This is down 19% from November, 2006 but not far off of the monthly average through the summer of 2007 (41 homes per month on average).

Mitch Argon
Broker - CalNeva Realty

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