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2006
REAL ESTATE MARKET IN REVIEW
2006 was
and interesting year for the real estate market. Everyone
has heard about the declining marketplace throughout the United
States and it is true- many place have substantially slowed
down; however, we do still have people moving to the Carson
Valley. Sure homes are staying on the market for longer and
we are not seeing the high appreciation rates compared to
the previous 5 years, but we expect our market to stay strong.
We recently
completed a market analysis comparing the sales from 2005
to the sales from 2006 for the Foothill/Genoa area. There
was a decrease in the number of homes sold, but the average
sold price has increased. Here is a brief overview:
#HOMES SOLD AVG. days on market HIGH
$ LOW $ AVG $
2006
43 206
$6,950,000 $499,000 $1,086,792
2005
68 185
$2,500,000 $435,000 $834,752
Below
is an overview of the Vacant Land Sales:
#PARCELS SOLD AVG. days on market HIGH$ LOW$
AVG$
2006
25 128
$659,000
$210,000 $450,504
2005 55 311
$3,750,000
$239,000 $558.202
OCT. 1, 2006- JAN. 1, 2007 GENOA/FOOTHILL
SOLD HOMES
17 Homes
were reported through the MLS as sold in the Genoa/Foothill
area from October 1, 2006 through December 1, 2006. The average
price for the 17 homes reported as sold was $954,177. The
highest price was $1,975,000 and the lowest price was $525,000.
Address
List Price Sold
Price Sq. Ft Lot Size Br/ Bth
2433
Genoa Meadows $539,000 $525,000
1878 .22 3 2
2405
Genoa Meadows $579,000 $550,000
1862 .18 3 2
795
Foothill
$699,000 $638,000 3096 1.00
3 2.5
3549
Mt Blanc Ct
$797,000 $700,000 2722 2.11
3 2.5
486
Green Acres $774,950
$725,000 3191 2.96 4
3
2293
Reese Ct $735,000
$727,000 2308 .53 4 3
252
Genoa Lane
$795,000 $745,000 2520 2.67
3 3
2281
Genoa Street $799,900
$770,000 2162 1.04
2 2
2480
Genoa Aspen $799,000
$799,000 3375 .39 3 3
212
Kinsey Wy
$820,000 $800,000 2342 .68
3 2.5
261
Beverly Wy
$925,000 $853,125 3788 1.17
4 3.5
2862
Cloudburst Can. $859,000
$859,000 4251 .36 5 4.5
182
Taylor Creek
$979,000 $979,000 3839 1.35
4 3.5
3419
Alpine View $1,199,000
$1,125,000 3937 2.00
4 4_
220
Rubicon Court $1,695,000 $1,500,000
4000 3.02 4 3.5
500
Highway 88 $2,100,000 $1,950,000
4216 20.16
4 3
1351
Old Foothill Rd $2,500,000 $1,975,000
3148 40.00 4 3.5
Average
Price Per Foot = $308.00
CURRENT PROPERTIES FOR SALE:
HOMES:
There
are currently 65 homes for sale in the Genoa/Foothill area
of which 4 properties have accepted offers. Homes for sale
range from $2,950,000 to $379,000.
LAND:
There
are currently 88 parcels for sale in the Genoa/Foothill
area of which 2 properties have accepted offers. Land for
sale ranges from $3,250,000 to $199,000. Parcels differ
in size from .48 to 240 acres.
Note:
This information is for the Genoa/Foothill area only. This
representation is based in whole or in part on data supplied
by the Sierra Nevada Board of Realtors multiple listing services.
Neither the Association nor its MLS guarantees nor is in any
way responsible for the accuracy of this report. The information
we show is only on properties that have been available for
sale through the Sierra Nevada Board of Realtors multiple
listing service.
COPIES
& FAXES:
Gillmor
Coons Real Estate Group is offering all locals free black/
white copies & faxes at our office. Also feel free to
have faxes sent to our office (775) 782-0088 FAX.
Come in anytime- We are located at 2288 Main Street, Genoa.
Office hours are M-F 9-5, Sat/Sun 10-4
Previous
Newsletters:
May to October 2006 Real Estate
Statistics
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