41 listings on the market as we head into the weekend. Prices range from $279,900 for a 3/2 built in 1987 off of Victoria Drive to a $1,260,000 4/4 on Glenwood. I will have an open house Saturday from 10 am to 1 pm at 619 Kathy Court. Listed at $319,900 this 3/2 is located in a wonderful cul-de-sac location. Contact me if you would like a list of those 41 properties. Have a nice weekend! Robert Stiles, Realtor® Chase International 775-309-8454
Mid-Year Stats for Chichester Estates and Heybourne Meadows. The larger percentages recognized in 2019 are due to increased sales this year at Heybourne.
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I’ll keep it short and sweet for the holiday.
Through the first two quarters of 2019 the median residential sales price for the Carson Valley increased 5.9% to $428,000 versus this same time period last year. The average number of days a residential home stayed on market was 101 days (104 last year). The total number of sales thus far in 2019 is 373. Last year we had a similar number at 378.
For more information contact your community Realtor®, Robert Stiles of Chase International at 775-309-8454. Serving the Carson Valley with pride, service and dependability. NV BS.1001136. Happy 4th!
Eighty four sales have been recorded in the Carson Valley since April 1st. Property sales are really beginning to heat up this spring. Most of the sales have occurred in the downtown Gardnerville-Minden areas. However Johnson Lane and the Ranchos are not far behind. The median sales price for our area has been at $429,000. The average days on the market for these properties have been a little over three months. The lowest priced property sold for $168,088 off of Gilman Avenue in Gardnerville. The highest priced property sold for $910,000 in Summit Ridge at Genoa Lakes. For more information on your community visit CarsonValleyCommunities.com.
So what’s going on this week in the condominium marketplace? I know at times I wish I owned a condominium so I could get away from doing yard work this time of year. As of May 9th we currently have seven listings within the Carson Valley. Eight more are in escrow, and twenty units have sold thus far in 2019.
Where is most of this market activity occurring? Well, downtown Minden and Gardnerville look to be the most popular places to purchase. The median sales price of those sold units is currently $213,500 as compared to $162,000 last year. The lowest priced unit sold for $100,000, and was a bank owned property located in the Ranchos area. The most expensive unit sold at The Esplanade at the Ranch for $368,420.
Twice as many units have sold this year so expect some competition from other buyers if you’re out there looking. As always please contact Robert Stiles, Realtor® for additional information on your local community. He works strictly for you!
Located at South Lake Tahoe, Gardner Mountain is loved by its residents due to its location to nearby shops, Raley’s grocery store and the proximity by bike to local trails, the beach and Fallen Leaf Lake. Lot sizes are also a bit larger and range up to 10,000 square feet. As of April 2019 the median sales price for this area is $370,000 – a 2.8% increase from this time last year. The area topographically rises gradually from the corner of Highway 50 at Lake Tahoe Blvd towards the back of the neighborhood at 13th St and Gardner St – adjacent to our High School.
The Nevada East Shore had a 27% decline in sales volume as compared to last year at this time. The number of residential home sold declined 11% while condominium sales declined 25%. The current median price of residential homes sold increased 9% to $900,000 while condominium sales increased 6% to $420,000. It’s interesting to note that the number of residential home and condominium sales priced over $1,000,000 increased from this same time period last year.
For a copy of our 1st quarter report, including all of Lake Tahoe, Truckee, Reno and the Carson Valley contact Robert Stiles, Realtor® of Chase International at 530-314-0352 or [email protected]. RealEstateLakeTahoeStiles.com
153 housing units sold in the 1st quarter at the Carson Valley. The predominant amount of listings sold (50) were in the $350,000 to $500,000 price range. Last year there were 167 units sold. The median sales price of those sold units increased 5% to $420,000. Six residences sold for $1,000,000+ in the Carson Valley. If you’re thinking of selling it pays to price it right. Don’t worry about being priced too low in today’s market. There are enough buyers out there right now to notice your home, and if priced right you’ll more than likely obtain multiple offers. Wouldn’t it be nice to choose your buyer? Go to CarsonValleyCommunities.com for more information or to contact Robert Stiles, Realtor®.
Lake Tahoe year-end statistics for 2018 show median sales prices increasing everywhere around the lake except for the East Shore. However overall volume for single family residences did increase by 35%.