2007 REAL ESTATE MARKET IN REVIEW

Happy New Year! 2007 was a definite slow down for the real estate market both on the local & national level. We are hoping 2008 will turn around and we are actually noticing more traffic over the last couple of weeks.

We recently compiled a market analysis comparing the sales from 2005 & 2006 to the sales from 2007 for the Foothill/Genoa area. There was a decrease in both the number of homes sold and the average price per home. Here is a brief overview:

#HOMES SOLD AVG. days on market HIGH $ LOW $ AVG $
2007 33 171 $1,500,000 $367,000 $924,462
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$
2007 17 244 $1,500,000 $220,000 $548,058
2006 25 128 $659,000 $210,000 $450,504 2005 55 311 $3,750,000 $239,000 $558.202

OCT. 1, 2007- JAN. 1, 2008 GENOA/FOOTHILL SOLD HOMES
6 Homes were reported through the MLS as sold in the Genoa/Foothill area from October 1, 2007 through December 31, 2007. The average price for the 6 homes reported as sold was $995,833. The highest price was $1,500,000 and the lowest price was $691,000.

Address List Price Sold Price Sq. Ft Lot Size Br/ Bth
2864 Cloudburst $695,000 $691,000 3822 .36 5 4
193 Taylor Creek $795,000 $760,000 3285 1.13 3 2
228 Laura Springs $829,000 $800,000 2784 1.01 4 2
2871 Cloudburst $949,000 $949,000 4492 .33 4 4
2521 Genoa Aspen $1,450,000 $1,275,000 4364 .33 3 4
253 Sierra Country Cr $1,690,000 $1,500,000 4609 3.04 3 2
Average Price per Foot = $254.00

CURRENT PROPERTIES FOR SALE:
HOMES:
There are currently 73 homes for sale in the Genoa/Foothill area of which 1 property has an accepted offer. Homes for sale range from $349,000 to $4,500,000.

LAND:
There are currently 106 parcels for sale in the Genoa/Foothill area of which 2 properties have accepted offers. Land for sale ranges from $225,000 to $3,351,553. Parcels differ in size from .30 to 240 acres.
COMMERCIAL REAL ESTATE & INVESTMENTS:
Chad Coons is a CCIM (Certified Commercial Investment Member) which is one of the top commercial designations in the country. Only 6% of all Commercial Brokers hold this designation. Chad assists clients with consulting, leasing, purchasing, selling & 1031 exchanges. Contact Chad for all of your commercial needs.
COPIES, FAXING & NOTARY
Gillmor Coons Real Estate Group offers free copies & faxing at our office. Also feel free to have faxes sent to our office (775) 782-0088 FAX.

We are also pleased to offer free notaries. Laurel Ballou is a licensed Notary and can assist you with any documents.

Come in anytime-
We are located at 2288 Main Street, Genoa. Office hours are M-F 9-5, Sat/Sun 10-4

Check out our website www.carsonvalleyhomefinder.com to search the multiple listing service- or for general real estate information!

We would be glad to help you with any of your real estate needs. If you would like any additional information please contact us:
Chad Coons (775) 720-2115 chadcoons@gmail.com
Gina Gillmor Coons (775) 721-3988 ginagillmor@aol.com

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.