2009 June | Carson Valley Real Estate, Gardnerville Homes, Carson City real estate

July is Artown in Northern Nevada!

June 30, 2009

Tomorrow is July 1 and the official start of July is Artown 2009 in Reno-Sparks area.

What is Artown?

Artown is an annual month-long festival of the senses that takes place in the greater Reno and Sparks area. If you visit the website, you can sign up for artown event news, find locations to pick up a pocket-size calendar of events, and get more information on any event taking place this summer.

Opening Night’s celebration kicks off with a Discover the Arts workshop and Discover Gelatin Prints with poster artist Candace Nicol at 2pm in West Street Market.

The fun continues with face-painting for 260 children in West Wingfield Park at 4pm courtesy of Body Masterpiece. Children will be transformed into butterflies, super heroes and wild animals! Call 322-1538 to reserve your child’s spot. Children then proceed unter the Arlington Avenue bridge to the Wingfield Park Ampitheater.

At 7pm, none other than Greg London ICONMAN himself joins the opening ceremonies with musical impressions.

At 7:30pm, headliner Richie Havens performs, the voice that opened Woodstock in 1969.

If you like music and art, don’t miss Bling a String at 7pm at the Sierra Arts Gallery. At this unique event, twelve violins are given a second life, as some of of Northern Nevada’s most talented artists transform them into unique objects of art.

All these events tomorrow are FREE, thanks to the generous sponsors listed below.

Art is alive and well in Northern Nevada ~ Come be a part of it during July!

Artown Footer

Posted By: Christianne Gordon – Northern Nevada Real Estate Agent – Realtor
with RE/MAX Realty Affiliates, specializing in Carson Valley Real Estate and Northern Nevada Real Estate.

Gardnerville Single Family Home REDUCED: 1501 S Riverview NOW $329,000

June 29, 2009

This the perfect property for the family with toys. There is plenty of indoor storage for an RV, a boat, quads, jet skis, snow mobiles, motorcycles or you name it. The home is a three bedroom plus den/office/hobby room, 2,579 square feet, including an enclosed bonus room w/spa, all super clean and ready for a move in. There are two additional outbuildings – the first is a 24 x 48′ detached garage with shop. The larger is a 40 x 42′ additional garage with high doors. The home received a new roof in 2002.

1501 South Riverview Drive, Gardnerville, Nevada, Carson Valley Real Estate

This home is situated on 1.48 fully fenced acres. There are loads of possibilities and this home is just waiting for someone to come and put some loving touches into it.

View the Virtual Tour Here: 1501 South Riverview Drive

Minden Home for Sale REDUCED: 1535 W High Pointe Ct NOW $495,000

June 29, 2009

Meticulously maintained by its original owners, this home has appeal and finesse everywhere you look! Tile counters and floors abound throughout the house. A full wet bar tucked into a nook of the great room features a wine rack, stemware rack, refrigerator with ice maker, full sink and more. Donâ€™t miss the to-die-for pantry, enormous cookâ€™s delight kitchen an expansive nook with room to seat 8 while enjoying the views. And did you see the views!?! The 12â€™ windows in the family room frame the majestic Sierras perfectly! Convenient to 395, schools, shopping, recreation & more!

1535 High Pointe Court, Minden, NV 89423 Carson Valley Real Estate

Situated on 1.23 acres, the home has a unique location affording it unobstructed views of the Sierra Nevada and Jobâ€™s Peak at â€œjust the right angleâ€. Facing southwest, the sun never beats into your home but you can still enjoy the year-round views. There is landscaping both front and back â€“ and a shed out back to store all your yard tools in â€“ its been painted to match the house and is on a concrete pad! There is also plenty of RV parking and room for lots of toys. The lot is completely fenced as well. Close to BLM, itâ€™s a perfect place to hike or ATV right from your front door!

View the Virtual Tour Here! 1535 High Pointe Court Virtual Tour

For more information or a showing on this property, please call Christy at (775) 881-8223 or Steve at (775) 690-0685.

Minden Single Family Home REDUCED: 1503 Deseret Drive NOW $367,900

June 29, 2009

1503 Deseret Drive in Minden is a brand new, never been lived in home withing walking distance to historic downtown Minden. Enjoy the spectacular year-round views of the majestic Sierra Nevada Mountains from the Great Room and Master Bedroom. This home features 4 large bedrooms, 2-1/2 baths and a 3 car garage with room for a shop. One bay has tandem parking and would make a great workshop. There is air conditioning and a hot water circulating pump that provides instant on hot water throughout the house.

1503 Deseret Drive, Minden, Nevada

Situated on 0.18 acre corner lot and built in 2005, the home has great location and spectacular views. Originally marketed for sale by the builder, Cornerstone Construction, it was offered at $589,000. Most recently, it was offered for sale at $547,000. It is now a bank-owned REO property and can be yours for $367,900! You heard me – a BRAND NEW HOUSE – NOT in a tract, with room for an RV and a 3 car garage. The bank has reduced the price twice and is looking for a buyer? Could it be you?

View the Virtual Tour Here! 1503 Deseret Drive, Minden, Nevada 89423

For more information or a showing on this property, please call Christy at (775) 881-8223 or Steve at (775) 690-0685.

NEW LISTING – 2664 Firenze Drive, De’Andrea in Sparks, Nevada $424,900

June 19, 2009

Spectacular & Immaculate! This home is incredible! High ceilings, custom paint, formal living/dining room, great room with enormous kitchen, built-in custom media center, granite slab counters, stainless steel appliances, professionally landscaped front & back, stubbed in barbeque – what are you waiting for? This house is THE ONE! Gorgeous ceramic tile floors, central vacuum system, 3 bedrooms plus a den, 3 car garage. Stunning backyard with firepit – an entertainer’s delight!

2664 Firenze Drive, Sparks, Nevada, Northern Nevada Real Estate

This breathtakingly beautiful home is loaded with upgrades and is priced to SELL! The kitchen is big enough for 3 cooks to never bump into each other, the great room is big enough for Paul Bunyon! The patio out back features a gas stub for barbequeing, a fire pit, and top of the line audio is piped throughout the house. There are even speakers outside on the patio! Separate laundry room complete with cabinets and sink with counter, this home really does have it all and it looks like it’s never been lived in! Absolutely pristine! Decorator palette custom paint throughout. If you’re looking in De’Andrea you HAVE to see this house!

View this home’s Virtual Tour HERE!

This spectacular home is open Saturday, June 20th from 1-4pm. For more information or a showing on this property, please call Christy at (775) 881-8223 or Steve at (775) 690-0685.

Carson Valley Nevada Bank Owned Homes: Inventory Update 06-07-09

June 8, 2009

Over the last five months, the real estate market conditions in the Carson Valley Nevada area have changed substantially. Just as buyers were reluctant to accept the slide in values over 2006-2009, it seems that buyers are reluctant to accept the fact that the market is moving much more quickly. Bank owned properties appear to be the reason why our market has changed direction.

Here is what the market looks like today for bank owned homes in the Carson Valley Nevada area:

Carson Valley Nevada Bank Owned Homes Statistics

As you can see from reviewing the chart, the bank owned properties have all but cleared out of our market. They’ve made up 33% of our sales in the last year. If we drill down a little further, we discover that the median price of the 148 bank owned homes that sold in the last year was $210,000. The median list price was $214,350.

It’s clear that bank owned properties have been sought out in our market over the last year and almost all have sold. Sellers have realized that if they truly want to sell their home, they cannot overlook the bank owned properties as comparables. The bank owned properties over the last year have helped sellers realize values have changed.

Now it’s up to buyers to understand that both banks and individual sellers have already priced their home to sell in response to how bank owned comparables have changed the market. Buyers are advised to have their agents run the last 90 days sales comparables for any property they are considering buying to determine if the price is reasonable. That logic also follows for bank owned properties. More often than not, banks have priced their inventory very competitively, and are not selling them for an additional 20% off. Bank owned properties in the Carson Valley are selling within 2% of asking on average.

If you’re considering buying a bank owned property, be prepared to act quickly. Have your pre-approval from the bank or mortgage broker of your choice ready.

If you’d like more information on bank owned homes in the Carson Valley, call me at (775) 881-8223 or email me at christy@greatnevadahomes.com.

(Our data is from the NNRMLS, excluding all shared ownership or manufactured housing in Area 300.)

Carson Valley Real Estate Market Update: May 2009

June 4, 2009

The numbers for May are in! 43 homes sold in May in the Carson Valley. We had 37 sales in April and 39 in March, so we’re holding steady in terms of volume.

The average per square foot price also held steady at $145.06, and the sales price as a percentage of asking was 96.51%. This is one of the primary indicators I feel will show market traction and also will be one of the first to tell us when market appreciation will begin at some point in the future. If homes start selling at what they are asking, then future sellers will opt to start testing the market ever so higher. That’s a ways away but we’re heading in the right direction.

How is the absorption rate looking for the Carson Valley? Let’s take a look…

The Carson Valley area (Minden, Gardnerville & Genoa) currently has 452 homes on the market.
In May, 43 homes sold
452 / 43 = 10.5 months

The absorption rate for the Carson Valley has held steady for the last three months. The good news is that we are not far off from a normal market, which is defined as 5-7 months of inventory on the market. When you compare this to an absorption rate of 27 months in January, it is clear our market has made great strides towards normalcy. I continue to assert my opinion that the market is normalizing and by the end of the third quarter; I predict we will see single digit absorption rates in the Carson Valley.

Today, there are 137 properties under contract / pending in the Carson Valley. That’s a lot of homes to close escrow in the coming months further demonstrating the Carson Valley real estate market’s recovery.

If you’re a buyer debating buying a home right now in Northern Nevada, don’t wait for these statistics to continue to trend upward. It may just cost you the house of your dreams.