Dayton Nevada Homes - Homes Sold in November 2009

By
Real Estate Agent with Carson Valley Homes and Land - RE/MAX Realty Affiliates

Dayton NV Homes - Homes Sold in November 2009Dayton NV Homes

We had 27 homes 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.

 

(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.)

 

Search MLS Listings       Follow me on Twitter          Featured Listings

 

Posted By: Christianne Gordon - Northern Nevada Real Estate Agent - REALTOR® with RE/MAX Realty Affiliates, specializing in Carson Valley Real Estate & Northern Nevada Homes

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Nevada Lyon County Dayton
Groups:
The Ninety-ninth Percentile
Posts to Localism
Localism Beta
Local Expert
All Things Northern Nevada - Northern NV Real Estate
Tags:
dayton valley nevada real estate
dayton nv homes
dayton valley homes for sale

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
631,240
Thom Abbott
MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living - Atlanta, GA
Midtown Atlanta GA Condos For Sale

Christianne: Well, it's a good news and bad news story so it sounds! You've got inventory that is moving, but you've got some distressed sales.

For as strong as the market is, whey are their so many short sales? With your average time on the market and the prices being so strong, what happened? Employment issues? I'd be curious to know!

 

Dec 21, 2009 07:02 PM #1
Post a Comment
Spam prevention
Show All Comments
Rainmaker
260,989

Christianne Gordon

REALTOR e-PRO CDPE, SFR Carson Valley Real Estate Specialist
Ask me a question
*
*
*
Spam prevention

Additional Information