Minden-Gardnerville 1st Quarter Update 2019

Minden Gardnerville RE Update

The Minden-Gardnerville area had 41 sales during this year’s first quarter as compared to 43 last year. Average days on market increased slightly to 95 days from 89 days. The only significant change was the increase in the areas median sales price. Attributed mostly to a lack of housing inventory we saw a 7.1% increase in the median sales price from $350,000 last year to $375,000 during the first quarter of 2019. The least expensive home sold for $167,500 and was located in downtown Minden off of Mono Avenue. The highest priced home was at the newer development of La Costa at Monte Vista in Minden and sold for $584,950. If you need assistance obtaining real estate related documents, or obtaining an estimate of your homes current value please don’t hesitate to contact me.

Genoa Western Heritage Days 2019

Genoa Welcome Sign

Genoa is the oldest permanent settlement in Nevada and each April is home to the Genoa Western Heritage Days. This year starting on April 26th the festival kicks off with an opening concert on Friday evening by Waddie Mitchell at the Genoa Town Hall. Saturday from 10 am to 5 pm you can wander the Town of Genoa for Native American demonstrations, or all types of children’s activities while listening to western music. There is another concert on Saturday evening and the event winds up with the Cowboy Church on Sunday morning at Genoa Town Hall. Daytime events and performances are free and family friendly. Town Hall performances start at 7 pm each evening with ticket prices at $40.

FHA and VA borrowers 5% assistance option

home at last

First to bloom at Home At Last™: the return of the 5% assistance option! Even before the first day of Spring, the 5% assistance option returned for FHA & VA loans. Effective March 4, 2019, FHA and VA borrowers can receive up to 5% of the loan amount to use for Down Payment Assistance and/or closing costs. For the latest rate information visit here. Contact us for a specialized lender familiar with this loan option.

Douglas County Notice of Sale

Douglas County Logo

Treasurer of Douglas County, Nevada will sell at public auction to the highest bidder for cash, legal money of the United States of America, on Wednesday, March 27, 2019, in the Commissioner’s Chambers of the Administration Building at 1616 8th Street, Minden, Nevada starting at the hour of 10:00 A.M. in accordance with the provisions of NRS 361.595, all of the right, title, and interest of Douglas County, Nevada in and to all of that certain lot, piece or parcel of land lying and being in the County of Douglas, State of Nevada, and particularly described as requested. Contact us for the latest property list update.

Homeowners Insurance

Juan Cortes

I attended an informative question & answer session today provided by an insurance agent.  Whether you own a home or not this information may be useful in the future, or worth checking further with your own insurance company.  1) Get an insurance quote while in escrow during the inspection period.  Insurance rates have increased recently.  2) Considering a total remodel of your home?  Ask whether a Builders Construction Policy is needed which covers you in case of negligence by the builder (contractor).  3) Take photos of your personal items, belongings or house upgrades.  Give them to a friend for safe keeping in case of fire.  4) Make sure your handyman or contractor has liability insurance and is bonded in case of fire or damage to your home.  Your insurance company may not reimburse you for your losses.   

Sun Crest

Sun Crest

For those not familiar with Randy Martin, this local builder is currently developing an eight unit community of residences near Chambers Field called Sun Crest. Three homes are currently under construction with the largest one at 3438 SF already sold. If you’re looking for a place to review some custom plans then this could be the right opportunity for your family. Home sites are averaging between 1/3 and 1/2 acre with the builder saying he will take a look at your plans as well. Residences are expected to average between $700,000 to $900,000.

Jacks Valley Hike Day

Went out to Jacks Valley for a day hike recently. What a view as can be seen here.

Jacks Valley
Jacks Valley

The trailhead is located just west of Jacks Valley Elementary School at the top of the hill on the right side of the road. It’s a gradual climb used by hikers and mountain bikers too. This time of year is good to go due to the snakes in hibernation. Summertime is a different story though. Be safe!

March Real Estate Update

The Ruhenstroth area has sold some of the most expensive homes since the New Year.  Two 1+ acre properties located off Pinto and Stones Throw sold in the low $700,000’s.  Both properties were over 3000 sq ft.  La Costa at Monte Vista has recorded 4 closed sales.  Its Minden location offering new home construction had sales in the mid to upper $500,000’s.  Chichester Estates has six closed sales as compared to five last year.  Their HOA recently announced a review of management companies by bid to take place on March 16th.  The Esplanade at The Ranch off Gilman Ave and Heybourne Rd in Gardnerville had 6 total sales.  The Esplanade is a new townhome community with HOA dues of $135 monthly covering landscape and common area maintenance, as well as exterior building maintenance.  Stodick Estates South located across from Stodick Park also has a couple of sales this year.  This master planned community of single story homes had sales of $412,500 and $465,000.  Home sizes ranged between 1800 to 2300 square feet.  For a better look at your neighborhood or if you’re ready to sell, contact Robert Stiles, Realtor®.  20+ year’s experience. Dependable – Ethical – Professional.

Minden-Gardnerville Update

There are currently 15 active listings, and 15 pending listings in Gardnerville. Five sales have closed thus far this year. Its been busy considering the changes in weather but time waits for no one, said my father.

Minden is busy as well with 13 current residential listings. Three more are currently pending sale. Minden has also had 8 sales close this year as compared to five in Gardnerville. I expect prices to continue their upward trend but at a slower pace than 2018.

Carson Valley 2018 Statistics

Douglas County Logo

Single Family home values in 2018 continued their climb in the Carson Valley. As a result lack of inventory contributed to price increases as shown below. What happens in 2019 will be determined by home values and inventory levels. There were very few bank owned listings in 2018 and I expect home values to stabilize this year. Real estate is a safer bet in my opinion as compared to stocks and bonds. For specific information on your area or neighborhood please feel free to contact me at RStiles@ChaseInternational.com.