Lisa and Jim's Northern Nevada Real Estate Blog: The Real Estate Market May be Picking Up in Carson Valley, Nevada!

The Real Estate Market May be Picking Up in Carson Valley, Nevada!

I'm not a very good "Stat" counter like some of my Activerain buddies; I'll see what I can figure out and report it later!

What I am sure of is that I think April was a pivotal month for our entry level market. 

Six weeks ago there where many homes to choose from in Carson Valley, Nevada under $250,000.  Yesterday I was showing homes to a single buyer who wanted to find a house under $170,000.00.  There were very few to look at and  ... to make matters worse ... we are experiencing multiple offers on those that are available.

I think this is a good sign of things to come!  Could it be that the "Good Old Days" were last month?

I know that I have a couple of buyers that waited and waited to buy.  they wanted to take advantage of the "bottom of the market".  The sad truth for them is that they just may have out foxed themselves and waited a bit too long!

Time will tell!

Comment balloon 2 commentsLisa Wetzel • May 14 2009 09:47AM

Comments

We are starting to see a slight pick up here in Atlanta.  I feel the same.

Posted by Jim Crawford, Jim Crawford Atlanta Best Listing Agents & REALTOR (RE/MAX Paramount Properties) over 9 years ago

Lisa,  Anybody waiting for the market to bottom out in the low end of our market has outfoxed themselves.  The prices haven't gone up ... yet... but the inventory has been absorbed and, indeed, there are multiple offers.  Additionally, there are offers for more than list price.  Ran the Rancos the other day $200k and under.  There were 25 listings ... ony 2 were available! 

Posted by Jim Valentine (RE/MAX Realty Affiliates) over 9 years ago

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