Market Statistics – Dayton Valley | Carson Valley Real Estate, Gardnerville Homes, Carson City real estate

Dayton Nevada – Homes Sold in February and March 2010

April 13, 2010

Dayton Nevada – Homes Sold in February and March 2010

Only 11 homes closed escrow in the Dayton Valley in February 2010, however, March saw a considerable increase with 25 homes sold.

Here are the statistics for Dayton Nevada Homes Sold in February:

11 homes sold
Median asking price is $164,500
Median selling price is $158,000
Median days on market is 132

Here are the statistics for Dayton Nevada Homes Sold in March:

25 homes sold
Median asking price is $144,000
Median selling price is $145,700
Median days on market is 84

So what is the absorption rate for the Dayton Valley?

There are 114 homes on the market as of 4/13/10
25 homes sold in March
114/25 = 4.56 months of inventory

Of the 114 homes on the market, 24 are bank owned and 38 are short sales. The number of homes on the market continues to hold steady, however over 53% of the market is distressed. So, the message with Dayton continues to be loud and clear: If you’re looking to buy in Dayton, it’s likely a distress sale and will either be a while to get escrow closed, or may have deferred maintenance and you’ll need to do some repairs if it’s bank-owned. However, the market has never been lower and you can buy a fabulous home for less than it costs to build.

(Data provided courtesy of the Northern Nevada Regional Multiple Listing Service and excludes manufactured and shared ownership housing for Areas 420, 416, 414, 412, 410, 402, and 403 known as the Dayton Valley and the outlying areas.)

Dayton Nevada – Homes Sold in January 2010

February 4, 2010

Dayton Nevada – Homes Sold in January 2010

Only 10 homes closed escrow in the Dayton Valley in January 2010, compared to 12 sales in January 2009. January historically is a slow month for home sales, so this is not altogether surprising, and certainly nothing to be alarmed over. Most escrows take 45 days to close and that means home buyers would need to be out shopping for homes in December. Instead, people were enjoying their Winter Holidays.

Here are the statistics for Dayton Nevada Homes Sold in January:

10 homes sold
Median asking price is $144,500
Median selling price is $142,000
Median days on market is 88

So what is the absorption rate for the Dayton Valley?

There are 114 homes on the market as of 2/4/10
10 homes sold in October
114/10 = 11.4 months of inventory

Of the 114 homes on the market, 25 are bank owned and 34 are short sales. The number of homes on the market continues to hold steady, however over 51% of the market is distressed. So, the message with Dayton continues to be loud and clear: If you’re looking to buy in Dayton, it’s likely a distress sale and will either be a while to get escrow closed, or may have deferred maintenance and you’ll need to do some repairs if it’s bank-owned. However, the market has never been lower and you can buy a fabulous home for less than it costs to build.

Dayton NV Homes – Homes Sold in December 2009

January 8, 2010

Dayton NV Homes – Homes Sold in December 2009

Dayton Valley Nevada real estate

Only 16 homes closed escrow in the Dayton Valley in December 2009, compared to 27 sales in November, and 13 sales in December 2008.

The Dayton Valley Nevada real estate market ended the year with 308 sales for all of 2009, substantially higher than the 176 sales in all of 2008. Indicators show that our market has definitively moved through the low point in sales volume. Basic economic models tell us that when sales volume improves and supply diminishes, price appreciation typically follows. We’ll continue to watch 2010 trends closely to see if this indeed is the case in the Dayton Valley.

Here are the statistics for Dayton Nevada Homes Sold in December 2009:

16 homes sold
Median asking price is $129,900
Median selling price is $127,450
Median days on market is 92

While volume may have been lower than in previous months, that’s not too particularly surprising. The real estate market often enters a ‘quiet period’ between Thanksgiving and Superbowl Sunday when people focusing their attention on the holidays and traveling to see family over winter break.

So what is the absorption rate for the Dayton Valley?

There are 109 homes on the market as of 1/8/10
16 homes sold in October
109/16 = 6.8 months of inventory

The absorption rate fluctuated this cycle because of the decrease in the number of closed escrows during December. Look to the absorption rate to start trending back down in January and be back below 4 months in February if inventory levels remain constant. Dayton’s enduring affordability over neighboring Carson City, Reno, Sparks or the Carson Valley continues to be a big draw for homebuyers.

Of the 109 homes on the market, 27 are bank owned and 35 are short sales.The number of homes on the market continues to hold steady, however over 56% of the market is distressed. So, the message with Dayton is loud and clear: If you’re looking to buy in Dayton, it’s likely a distress sale and will either be a while to get escrow closed, or may have deferred maintenance and you’ll need to do some repairs if it’s bank-owned. However, the market has never been lower and you can buy a fabulous home for less than it costs to build.

_____________________________________________________________________

If you enjoyed my blog post, I invite you to connect with me on social networks, subscribe to my blog, and watch my videos?

_____________________________________________________________________

About The Author

Christianne Gordon, REALTORÂ®, CDPE, SFR is a Northern Nevada Real Estate Specialist that can assist you with the purchase or sale of real estate in Gardnerville, Minden, Genoa, Carson City, Dayton, and Reno/Sparks.

To search all available homes for sale in the Northern Nevada area, please visit GreatNevadaHomes.com or contact us for a FREE ListingBook account!

Dayton NV Homes – REDUCED – 804 Ballybunion Dr – NOW $179,900

January 5, 2010

Dayton NV Homes – REDUCED – 804 Ballybunion Drive – NOW $179,900

This home was previously under contract but financing fell through, so now it’s back on the market! Better yet, the price was just reduced by the bank today to $179,900!!!

Enjoy this lovely home on the Dayton Valley Golf course, featuring an expansive Great Room with Kitchen, Dining Area, Ceiling Fan and Fireplace. The home features 3 bedrooms, 2 baths and a 2 car garage. The rear yard opens up onto the fairway of the golf course, providing exquisite views. The Master Bedroom incudes an alcove ideal for a library, study, office or just to enjoy a private living zone. The Kitchen features an island with breakfast bar, gas range, built in microwave and dishwasher.

Dayton NV homes

If you’re interested in homes in Dayton, please call Christy at (775) 881-8223 or Steve at (775) 690-0685.

_____________________________________________________________________

If you enjoyed my blog post, I invite you to connect with me on social networks, subscribe to my blog, and watch my videos?

_____________________________________________________________________

About The Author

To search all available homes for sale in the Northern Nevada area, please visit GreatNevadaHomes.com or contact us for a FREE ListingBook account!

Dayton NV Homes – Homes Sold in November 2009

December 29, 2009

Dayton NV Homes – Homes Sold in November 2009

We had 27 home sell in the Dayton Valley in November 2009, another marked increase over November 2008 when 15 homes sold. November makes the fourth month in a row where sales volume has (nearly) doubled year over year.

Here are the statistics for Dayton Nevada Homes Sold in November 2009:

27 homes sold
Average asking price is $166,572
Average selling price is $165,652
Average days on market is 151

This is remarkable because the gap between average asking and average selling price is less than $1,000, attesting to the tightness of the real estate market in the Dayton Valley.

So what is the absorption rate for the Dayton Valley?

There are 105 homes on the market as of 12/21/09
27 homes sold in October
106/27 = 3.89 months of inventory

The absorption rate for the Dayton Valley continues to be strong and under the 5-7 months considered a normal supply. Dayton’s affordability over neighboring Carson City, Reno / Sparks or the Carson Valley continues to be a big attraction over the higher priced areas.

Of the 105 homes on the market, 26 are bank owned and 31 are short sales. The number of homes on the market continues to hold steady, however over 50% of the market is distressed. So, the message with Dayton is loud and clear: If you want to get a good deal on a home, be patient. It’s likely a short sale. It may take several months. But – if it’s all you can afford, what are your other options? They are not plentiful in this tight market.

Dayton NV Homes – Spotlight on Dayton Valley Golf and Country Club

November 23, 2009

The Dayton Valley Golf and Country Club is an Arnold Palmer Signature designed, high desert, championship golf course. Developed by renowned Lakemont Homes, the Dayton Valley Golf and Country Club features homes from as small as 1,250 square feet up to 3,600 square feet.

For up to the minute information on homes available for sale from Reno to the Carson Valley, check out our links to the right. Search for homes, read our blog, and see other great videos about Northern Nevada neighborhoods and community events. If you’d like to speak to someone right away, please call Steve Orear at (775) 690-0685 or Christy Gordon at (775) 881-8223. Steve and Christy are REALTORSÂ® with RE/MAX Realty Affiliates and deliver results for buyers and sellers across the Carson Valley, Northern Nevada and beyond.

Dayton Valley Nevada Real Estate Market Update – October 2009

November 12, 2009

Dayton NV Homes – October 2009 Dayton Valley Nevada Real Estate Market Update

We had 32 home sales in the Dayton Valley in October 2009, another marked increase over October 2008 when 18 homes sold. October makes the third month in a row where sales volume has (nearly) doubled year over year.

Here are the statistics for Dayton Nevada Homes Sold in October 2009:

32 homes sold
Average asking price is $171,161
Average selling price is $166,584
Average days on market is121

So what is the absorption rate for the Dayton Valley?

There are 100 homes on the market as of 11/4/09
32 homes sold in October
106/27 = 3.13 months of inventory

Of the 100 homes on the market, 24 are bank owned and 20 are short sales. The number of homes on the market continues to shrink and buying activity is holding steady. This is why we’re seeing increases in the asking prices and selling prices in Dayton. With such low inventory, the Dayton Valley Nevada real estate market is furthering our opinion that it has become a seller’s market.

Dayton Valley Real Estate Market Update – September 2009

October 7, 2009

September 2009 Dayton Valley Nevada Real Estate Market Report

We had 27 home sales in the Dayton Valley in Sepmteber 2009, another 100%+ volume increasxe over September 2008 when 13 homes sold. September makes the second month in a row where sales volume has doubled year over year.

Here is a snapshot of our market indicators for September:

27 homes sold
Average asking price is $176,081
Average selling price is $172,301
Average days on market is 160

So what is the absorption rate for the Dayton Valley?

There are 106 homes on the market as of 10/7/09
27 homes sold in September
106/27 = 3.93 months of inventory

Of the 106 homes on the market, 14 are bank owned and 22 are short sales. The number of homes on the market continues to shrink and buying activity is holding steady. This is why we’re seeing increases in the asking prices and selling prices in Dayton. With such low inventory, the Dayton Valley Nevada real estate market is furthering our opinion that it has become a seller’s market.