So what’s going on this week in the condominium marketplace? I know at times I wish I owned a condominium so I could get away from doing yard work this time of year. As of May 9th we currently have seven listings within the Carson Valley. Eight more are in escrow, and twenty units have sold thus far in 2019.
Where is most of this market activity occurring? Well, downtown Minden and Gardnerville look to be the most popular places to purchase. The median sales price of those sold units is currently $213,500 as compared to $162,000 last year. The lowest priced unit sold for $100,000, and was a bank owned property located in the Ranchos area. The most expensive unit sold at The Esplanade at the Ranch for $368,420.
Twice as many units have sold this year so expect some competition from other buyers if you’re out there looking. As always please contact Robert Stiles, Realtor® for additional information on your local community. He works strictly for you!