Carson City, NV

Carson City Nevada Real Estate Market Report - October 2009 Home Sales Results

44 homes sold in Carson City in October 2009, a 43% volume increase year over year when only 28 homes sold in October 2008.

What were the key indicators for the August Carson City real estate market?

• 44 homes sold
  
• Average asking price is $211,504
• Average selling price is $209,243
• Average days on market was 144

So what is the absorption rate for Carson City?

• There are 274 homes on the market as of 11/13/09
• 44 homes sold in October
  
• 274/44 = 6.23 months of inventory

The absorption rate for the Carson City continues to be strong and is within 5-7 months considered a normal supply. This is a huge turnaround from the 15+ months of inventory we had on the market in February.

Of the 274 homes on the market, 45 are bank owned, 50 are short sales and 4 are subject to court approval. That means that 36% of the Carson City real market is distressed.

(Data provided courtesy of the Northern Nevada Regional Multiple Listing Service and excludes manufactured and shared ownership housing for Area 200, known as Carson City.)

On Saturday, October 31, 2009, Carson City will celebrate Nevada Day 2009. Nevada Day is the annual celebration of Nevada becoming the 31st state of the Union. Since trick-or-treating won't be happening until after dark, come to Carson City to celebrate the founding of Nevada in style. In addition to the annual Nevada Day Parade, there will be a whole slew of festivities to enjoy. Here's a rundown of just some of the events you can enjoy while in Carson City for Nevada Day (all events are for Saturday, October 31st, unless otherwise specified):

• Nevada Day Parade - 10am
• Rock Drilling Contest - 11:05 at Carson Nugget parking lot
• Nevada Day Pinewood Derby - 1pm to 5pm. Registration starts at 11am and is free for everyone ages 6+
• Battle of the High School Bands - Times vary
• Beard Contest - Free and open to anyone with a beard. Gentlemen, start your whiskers!
• Run/Walk - 8k and 2 mile runs and 2 mile walk. $30 entry fee per person, $90 for family of 4. For more info, please call (775) 883-3361.
• Governor's Mansion Tour - 12-4pm.
• Nevada Day Pow-Wow - This 3-day event lasts from Friday, October 30th to Sunday, November 1st. It's absolutely FREE to the public. Features Native American dancing, arts and crafts, food and more at the Colony Gym in Carson City. For more info, please call (775) 841-3182.
• Annual Chili Feed - 12-2pm at Carson Nugget's Banquet Center. Free admission.
• 10th Annual Silver State Rumble - 3pm. Amateur boxing at the Carson City Community Center. For prices and info, please call (775) 888-6806.
• RSVP Carnival Celebration - October 29-November 1 at Mills Park in Carson City. Admission is free.
• Brewery Arts Center Presents: Antsy McClain and the Trailer Park Troubadours - 7:30pm at BAC Performance Hall. 5 piece "folkabilly" band. For more info and ticket prices, please call (775) 882-2600.
• BAWN Pancake Breakfast - 7-10am at Red's Old 395 Grill (1055 S Carson St). Cost: $6/person, kids 5 and under: free. Includes: pancakes, eggs, bacon, sausage and more. For more info, please call (775) 882-4353.
• Nevada Day Republican Ladies Pancake Breakfast - 7-9:30am at the Governor's Mansion. Cost: $6/adult, $3/kids under 10. Proceeds will be given in the form of two $1000 scholarships for two seniors: one from Carson High and one from Dayton High. For more info, please call (775) 884-3011.

Come out to Carson City this weekend and help celebrate the founding of our great state. Carson City celebrates Nevada Day on October 31, 2009, but the festivities happen all weekend long. I hope to see you there!

Charlene Hamilton, your Reno relocation expert

Wordless Wednesday ... Paris With A Teenager (edit/delete)

This was a very memorable trip, our youngest son, his Grandma, Jim and I in Paris. What a special moment!

Via Jim Valentine (RE/MAX Realty Affiliates):

Gotta love the Bistro life ... even if your 16 year old wants his bottle in the picture. This is the second picture we took - the first was very Parisian if you know what I mean.

Serving Gardnerville, Minden, Carson Valley, Dayton, Carson City, Smith Valley and Northern Nevada for 30 years. Call us with your Northern Nevada needs.

Jim Valentine / Lisa Wetzel RE/MAX Realty Affiliates, 1320 Highway 395, Gardnerville, NV 89410

775-781-3704 dpwtigers@hotmail.com www.carsonvalleyland.com

Carson City Nevada Real Estate - NEW LISTING - 1195 Bandtail Drive - Single Family Home $225,000

Spectacular home with many fine appointments throughout. Beautiful tile floors, custom paint, and a thoughtful design creates many living zones. This fine home features both front and rear patios, a master suite with double sinks and walk-in closet, separate laundry room, and a den with adjoining second bedroom. The split floor plan design provides separation and privacy. This home has been lovingly cared for, shows beautifully, and is priced to sell.

Soak up the sun on your rear patio in the mornings and enjoy your view of the eastern Carson foothills. This home simply must be seen to be appreciated. Brand new garbage disposal installed August 2009. Easy to show and sell. Don't miss the virtual tour to take a closer look at this immaculate home. Consider the Possibilities!

View the Virtual Tour Here! 1195 Bandtail Drive

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

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.

I'm Not Lisa ... ERR UMMMM ! ... At Least Not Lisa Valentine !

In the Carson Valley / Carson City market that we work in Northern Nevada there are a few hundred real estate agents. We all belong to the Sierra Nevada Association of Realtors - SNAR for short.

I'm Lisa Wetzel, married to my partner and husband Jim Valentine for over 25 years. We work at RE/MAX Realty Affiliates. We have sold real estate together in Carson Valley and Carson since we first met over 29 years ago.

Lisa Valentine is a wonderful real estate agent who lives and works in Lake Tahoe Nevada, 20 minutes to the west in the Sierra Nevada Mountains! Lisa V. works for Coldwell Banker.

Carson Valley is a very small community, everyone knows everyone, so I'm surprised that there seems to be so much confusion. At first I kept having strange things happen, like agents leaving me a message that they were still waiting for their counter offer, did I receive the offer they faxed me, or what's the price on my new listing at XYZ ?

Now ... I'm getting used to the mix ups and have my regular pat answer, "I'm Lisa Wetzel ... Lisa Valentine works at Coldwell Banker!

.................................................................................

Lisa Wetzel and Jim Valentine are the authors of this blog. Lisa, Jim and Jessie are experts in Carson Valley, Carson City and the tri-county area of Douglas County, Carson City and Lyon County. Call our team anytime at 775-781-5472 or 775-781-3704. To Search for Homes go to: www.findhomesincarsoncity.com of visit our website at www.CarsonValleyLand.com