Dayton, NV Real Estate News

By Christianne O'Malley, Exceptional Service - Delivering Results in Reno!
(Dickson Realty)
Today there are 136 homes for sale in the Dayton Valley area. This is down from 146 homes available for sale from a month ago. Of the 136 homes available for sale, 21 are bank owned and 27 are short sale. That means 51 - or 35% - of the market is distressed. How is the absorption rate looking for Dayton? Let's take a look... Dayton currently has 136 homes on the market. In May, 28 homes sold 136 / 28 = 4.85 months In April, the absorption rate was 6.6 months. In March, the absorption rate was 10.55 months. In February, the absorption rate was 14.46, and in January, the rate was 20.42. We now have 5 months of trend where the absorption rate is dropping in Dayton! This is great news! Believe it or not, an absorption rate below 5 months is actually considered an inventory shortage! Do you ...
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By Christianne O'Malley, Exceptional Service - Delivering Results in Reno!
(Dickson Realty)
Many of you know that I am an REO agent. I actually work VERY HARD to make sure that every buyer's agent that works with me gets great service. I personally strive to never let the sun set on an email or a voicemail. I answer my phone 99% of the time. I want buyers agents to know that completing an REO sale with me is not akin to pulling teeth, giving birth, or having a colonoscopy! One of the banks I represent allows me to use a local title company, which is fantastic! Local title companies are experts on the local market and customs, and it just makes for a smoother closing all the way around. One of my bank owned listings was due to close Friday. The operative word here is WAS. Rewind to Monday...everything was on track. The loan documents from the bank went out to the title company,...
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By Christianne O'Malley, Exceptional Service - Delivering Results in Reno!
(Dickson Realty)
Today there are 132 homes for sale in the Dayton Valley area. This is down from 146 homes available for sale from a month ago. Of the 132 homes available for sale, 21 are bank owned and 23 are short sale. That means 51 - or 33% - of the market is distressed. How is the absorption rate looking for Dayton? Let's take a look... Dayton currently has 132 homes on the market. In May, 22 homes have sold to date (and the month isn't over yet!) 132 / 22 = 6 months In April, the absorption rate was 6.6 months. In March, the absorption rate was 10.55 months. In February, the absorption rate was 14.46, and in January, the rate was 20.42. We now have 5 months of trend where the absorption rate is dropping in Dayton! This is great news! The next trend to follow after supply stability is price appreci...
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By Christianne O'Malley, Exceptional Service - Delivering Results in Reno!
(Dickson Realty)
Today, we received a new REO assignment in Dayton, Nevada. It's always nice to have a new listing so we were anxious to get to work on it. I was already on my way out to the Dayton Valley to have utilities turned on at a property we put under contract, so I did the occupancy check at the new listing. I pulled up and the place looked empty, except for the large unmarked truck and trailer out front. I thought maybe the previous owners were moving out. I approached the young man at the door and asked if he lived there. He said - No, he was completing the trash out. GREAT, I thought. Not only is the property vacant, it's already getting rekeyed and cleaned out. FABULOUS! That's two steps ahead in the pre-marketing process. There was still a real estate sign in the yard and a blue Supra iBox...
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By Christianne O'Malley, Exceptional Service - Delivering Results in Reno!
(Dickson Realty)
Today there are 146 homes for sale in the Dayton Valley area. Of the 146 homes available for sale, 30 are bank owned and 21 are short sale. That means 51 - or 35% - of the market is distressed. Compared to January's Dayton numbers, this market is looking much better. In January, there were 245 homes on the market and 53% of the market was distressed. How is the absorption rate looking for Dayton? Let's take a look... Dayton currently has 146 homes on the market. In February, 22 homes sold 146 / 22 = 6.6 months In March, the absorption rate was 10.55 months. In February, the absorption rate was 14.46, and in January, the rate was 20.42. With an absorption rate of 6.6 months, we can officially say the Dayton market is normalizing! This is the first market in Northern Nevada that is normal...
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By Christianne O'Malley, Exceptional Service - Delivering Results in Reno!
(Dickson Realty)
Today there are 190 homes for sale in the Dayton Valley area. Of the 190 homes available for sale, 40 are bank owned and 36 are short sale. That means 76 - or 40% - of the market is distressed. Compared to January's Dayton numbers, this market is looking much better. In January, there were 245 homes on the market and 53% of the market was distressed. How is the absorption rate looking for Dayton? Let's take a look... Dayton currently has 190 homes on the market. In February, 18 homes sold 190 / 18 = 10.55 months In February, the absorption rate was 14.46, and in January, the rate was 20.42. We are still quite a ways away from a "normal" market of 5-7 months, but we're heading in the right direction! Today, there are 67 properties under contract / pending in Dayton.  That's a lot of home...
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By Christianne O'Malley, Exceptional Service - Delivering Results in Reno!
(Dickson Realty)
Today there are 188 homes for sale in the Dayton Valley area. Of the 188 home available, 81 are distressed (either short sales or bank owned properties). That means 43.1% of the market of available homes is distressed. This is substantially higher than Carson City at 27.7% and the Carson Valley at 17.9%. Compared to January's Dayton numbers, this market is looking much better. In January, there were 245 homes on the market and 53% of the market was distressed. How is the absorption rate looking for Dayton? Let's take a look... Dayton currently has 188 homes on the market. In February, 13 homes sold 188 / 13 = 14.46 months Dayton is a ‘buyers market’ - no big surprise right? In January, the absorption rate was 20.42, so the decrease in inventory made a tremendous difference from January ...
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By Christianne O'Malley, Exceptional Service - Delivering Results in Reno!
(Dickson Realty)
Today there are 245 homes for sale in the Dayton Valley area. Of the 245 home available, 132 are distressed (either short sales or bank owned properties). That means 53.8% of the market of available homes is distressed. This is substantially higher than Carson City at 29% and the Carson Valley at 17.9%. Currently there are 42 homes pending in Dayton, which is a good sign, however, only 12 homes sold for the month of January. Let’s talk about the health of the Dayton Valley real estate market. One great way to measure the health of any real estate market is to calculate the absorption rate. The absorption rate is the mathematical representation of the relationship between supply and demand.  The total amount of available product is divided by the total amount of product sold in the previ...
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By Lisa Wetzel, CDPE, SFR carsonvalleyland.com
(RE/MAX Realty Affiliates)
Click Here to View Listings! 12 Awesome Multi-Family Listings Available For Sale in Dayton, Nevada!     This property brought to you by: Lisa Wetzel & Jim valentineRE/MAX Realty Affiliates775-781-5472 ~ 775-781-3704carsonvalleyland@hotmail.com Visit Lisa and Jim's Carson Valley Blog ... experienceispriceless.blogspot.com If the above link 'Click Here to View Listings' does not function, copy and paste the following link into your browser address bar:http://NNRMLS.fnismls.com/publink/default.aspx?GUID=e85dcc96-dca7-4d12-ace7-02a9dacd93fe&Report=Yes
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  Sold Market Analysis Dayton, Nevada       No. of Listings Dollar Volume Average Price Median Price Average DOM RESIDENTIAL     Conventional   88 $21,544,915 $244,829 $222,500 141     FHA   53 $10,260,400 $193,592 $180,000 124     VA   9 $1,854,730 $206,081 $210,000 173     Cash   19 $5,115,300 $269,226 $252,000 123     Miscellaneous   5 $903,000 $180,600 $154,000 203 Analysis by Area Downtown Dayton   8 $3,344,000 $418,000 $386,500 111 Dayton Valley   49 $13,377,648 $273,013 $244,900 152 Concord/Flowery   2 $240,500 $120,250 $120,250 62 Sutro   29 $5,460,967 $188,309 $190,000 123 Mark Twain   66 $12,842,530 $194,584 $184,950 136 Carson Plains   20 $4,412,700 $220,635 $222,450 143     Totals 174 $39,678,345 $228,036 $210,000 137 Non Co-op Sales   44 $10,308,154 $234,276 $213,450 162 C...
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Click Here to View Listings       This property brought to you by: Lisa Wetzel & Jim valentineRE/MAX Realty Affiliates775-781-5472 ~ 775-781-3704carsonvalleyland@hotmail.com Visit Lisa and Jim's Carson Valley Blog ... experienceispriceless.blogspot.com If the above link 'C lick Here to View Listings' does not function, copy and paste the following link into your browser address bar:http://NNRMLS.fnismls.com/publink/default.aspx?GUID=7e889f64-1a2f-4853-8eb8-d3683c75ac87&Report=Yes
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By Lisa Wetzel, CDPE, SFR carsonvalleyland.com
(RE/MAX Realty Affiliates)
We just looked at a house today in Dayton, Nevada that is a screaming deal ... as is most of the Dayton, Nevada market.   Lovely 2100+ sq. ft. home on a 1/3 are parcel in a new neighborhood, less than 5 yeas old, stucco exterior, living room and family room with fireplace, vaulted ceilings, large kitchen, tile and gas, giant master bedroom with lovely luxury bathroom, big family bedrooms and an oversized 3 car garage.   We had a similar model on the market in 2006 for $342,000 ... price today???  $165,000.00!!!  These are wonderful home values for first time buyers or retirees!  Call us at 775-781-5472 or email carsonvalleyland@hotmail.com   To search the entire Northern Nevada Housing Market Just Click!
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By Terry Rasner-Yacenda, "Dreams Realty"
(Broker,Owner - Dreams Realty)
Hi Northern Nevada Neighbors, This continues to be a popular feature of my Active Rain Localism blog -- a place for local folks to read about the incredible deals on my listings.  It's time for me to begin my wrap-up for 2008, because I've got even better listings for 2009!  This was a modest 1,370 sq. ft. 3 bedrooms, 2 full baths in the Dayton area near the golf course and good schools.  This family got a great deal!  Check it out; you'll be impressed!  Check out my real estate home page for more information on this property! Property Location112 Sawgrass Lane   Dayton, Nevada  89403   DESCRIPTION Single Family Property, Area: 403 Dayton Valley, County: Lyon, Approximately 0.13 acre(s), Year Built: 2001, Hill/mountain view, View, Laundry room   PROPERTY DETAILS •  Single Family Home • ...
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By Terry Rasner-Yacenda, "Dreams Realty"
(Broker,Owner - Dreams Realty)
Hi Northern Nevada Neighbors, This is an ongoing feature of my Active Rain Localism blog -- a place for local folks to read about my listings that have sold at a great Rasner-Yacenda price!  It's time for me to begin my wrap-up for 2008, because I've got even better listings for 2009!  This was a great 2.5 acre horse property in historic Dayton.  A quaint home with lots of new amenities filled out this great deal! Check below for the bundle of features this property offered.  I've get these horse properties every so often and they are great.  Check it out, you'll be impressed! Check out my real estate home page for more information on this property! 2.5 Acres of Horse Property Property Location340 Ophir DriveDayton, Nevada  Listing ID: 111  click for directions     DESCRIPTION 2.5 Acres...
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By Terry Rasner-Yacenda, "Dreams Realty"
(Broker,Owner - Dreams Realty)
 Hi Northern Nevada Neighbors,      This continues to be a new feature of my Active Rain Localism blog -- a place for local folks to read about my listings, and some great deals.  Here's a fantastic deal for horse owners.  We once owned and lived in a home with an acre of horse property, stables, corral and all, but the one I'm featuring here is even better.  2.5 acres of horse property in a thriving Nevada community, Dayton.   The 3 bedroom, 3 car garage home was built in 2006.  With RV parking it's great for horse trailers and all you'll need.  Check it out if you're looking for a deal (and a place for your horses)!  Another great community; another great price!  Check out my Real Estate Home Page for more information!  2.5 Acres of Horse Property Property Location340 Ophir DriveDayto...
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By Mitch Argon, Reno-Tahoe Residential Real Estate
(CalNeva Realty)
This post contains a list of homes sold in Dayton NV during September, 2007.  If you are curious about the comparison between "ask price" and "sold price", you can see it here. Please post me if you have any questions. Mitch
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