Hi everybody Phillip Goodman here from the Nevada Real Estate Group at Keller
Williams Group One Inc in Reno Nevada and I'm here today with Sabrina Carstensen,
our Gardnerville Minden Topaz expert. How have you been Sabrina? I've been good, how about yourself?
I've been quite well thank you. It was a very busy summer selling and buying
season and October was still a busy one too. So let's dive right into MLS and
see exactly what happened in October down south. Sounds great.
Sabrina were first looking at the 2018 October sales data here on the top
and then down here the 2017 October sales data. Couple quick things to point
out:83 units sold in 2017 80 in 2018. Sabrina let's talk about the
median price how are things trending? Well compared to last year we are up 14%
As you can see in 2017 97% of asked price was received whereas this year
we're receiving 97.5%, so like you said it's eerily close. And that
half a percent - is there anything we can attribute that to in the the difference
of what the sellers are asking for and what they're actually getting? Well
that's the thing sellers and agents are doing a better job at valuating
properties thus we're seeing less price reductions now in October 2018. Let's
talk about days on market. We typically think that if a property is on the
market too long something's wrong with it, or sometimes the property is so good
it's not on the market very long. But are we seeing any sort of
correlation between days on market and median prices? Not really and that's
that's the difficult thing. And the tricky thing about our market is there's
really no rhyme or reason as to why a home is sitting on the market for 80
days whereas another one sells in five days.
It's really difficult because a home that's priced at $300,000
potentially could sit on the market for 84 days whereas you know home that is
$600,900 is on the market for 68 days. There's really no correlation as to
how many days it's been sitting on the market for. And so if you're a seller
don't come in with these high expectations that your property's gonna
sell quickly and if you're a buyer don't be skeptical about the property that's
been on the market for a while already. Exactly. Sabrina, as we look at the total
properties on the market right now at 289 with the median a price of $459,000
knowing how things have been trending what should a buyer do now? They need to
buy now. It could inflate another 14% and if that's the case then the
buyer really needs to buy now to really capture this market the way it is, this
current median price. Our featured property of the month is 34 Conner Way
and Sabrina you know a little bit about this house. I do know about this house. It
is 3-bed 2bath 1364 square feet. It is on .19 acres. It backs up to BLM
land and has amazing views. It's about seven minutes from town. And as you can
see it is just adorable. Oh it's cute. I like the the gray touches especially
the backsplash back here. Nice functional horseshoe kitchen. This is great. And you
can tell that they're ready to move. They are definitely motivated. So that is your
October market report for Gardnerville Minden topaz for October 2018 and with
the holidays coming up so many things up and down Main Street right Sabrina?
Absolutely there's really too many events to name.
We've got Santa. We've got Christmas lights. We have parades. We have
Christmas shopping on Main Street Gardnerville to keep all that business
local. Yeah! Support the small businesses Definitely help out the mom-and-pop
shops. Well for more information about any of the market data that you've seen
today you can contact Sabrina at the information you see on your screen now.
Hopefully you found all this information very helpful and you'll give it a like
and a share on your social media as well. for Sabrina Carstensen for the Nevada
Real Estate Group at Keller Williams Group One Inc in Reno Nevada I'm Phillip
Goodman. We'll see you next time.