Carson Valley 12 month Real Estate Update

An update of the Carson Valley real estate market for the past 12 months shows the number of residential sales declined 6% from 2018 figures, down to 748 units. Median sales prices during the same time period increased 4.2%. However the Lake Tahoe area of Douglas County heated up in 2019 with a 25% increase in the number of residential homes sold. The increase in numbers from 106 to 133 units does not include 6 lakefront sales. The median sales price for the lake area also increased 13.9% to $900,000. I’m seeing an increase in the number of families wanting to leave California. Happy Holidays! Sign up below for my future blog post.

Carson Valley Community and Senior Center

Douglas County Community Center

One of our largest local attractions is the Douglas County Community and Senior Center. It opened December 6, 2014, and is at the heart of Gardnerville, NV. With offerings for seniors, adults and youth all are welcomed and can find an activity to enjoy. Come for their contact classes, sports programs, fitness center, arcade, room rentals or senior services and find more than you came for! Learn more by visiting their website today.

Terrazza at Genoa Lakes

Terrazza at Genoa Lakes

Phase 1 at Terrazza is now open for sales. Lot prices are currently set between $295,000 and $310,000. You will have five years to begin construction. HOA dues are currently $224 monthly and include club house access at Genoa Lakes. There are currently four floor plans with three elevations available for each plan; Mountain Modern, High Desert and Modern Farmhouse. These beautiful homes will start at 2950 square feet (SF), 3300 SF, 3600 SF and 3800 SF. We are excited to offer a $5000 credit towards buyer closing costs of our custom homesites or developer homes if purchased before December 31, 2019. To learn more about this new project visit the Terrazza website here. If you decide to contact Mike Dunn or Sonja Leonard please mention my name – Robert Stiles, REALTOR® at Chase International. I’d also be happy to meet you at the property if you’re new to the area. Call me at 775-309-8454. Thank you.

3 People You Need on Your Home Buying Team

DOWN PAYMENT MONEY

When it comes to home buying, you don’t have to go it alone. You need a team to succeed. Here are three key people you want on your side.

Homeownership advisor

A nonprofit homeownership advisor can serve as a home buying coach, helping you understand the best plan for your individual situation. They can guide you on homeownership process, how to work on credit issues, understand different loan terms and find homeownership education courses.

Find HUD approved housing counseling agencies or search across Framework’s network of homeownership advisors.

Homeownership education is often required for down payment assistance programs and helps set you up for success. The type of course may vary from program-to-program. Get a jump start by checking out online courses.

Lender

Your lender can offer a range of mortgage loans that may also include down payment and closing cost help. Ask your lender what down payment assistance programs they offer. Discuss your eligibility for programs and compare programs with first mortgage options.

Your lender can also help you navigate the down payment program application process while you are getting qualified for a home loan.

Real estate agent

When you use a down payment assistance program, both you and the home must qualify. That’s why it’s really important for your real estate agent to know what home financing solutions you are considering.

Your agent can help you find homes that are eligible for down payment help and also present the best offer to a seller.

When interviewing agents, ask how often they work with first-time homebuyers, their process for educating new buyers and their knowledge of down payment assistance programs.

Team work in real life

ABC News 7 On Your Side Consumer Expert, Michael Finney highlights just how a home buying team works in a recent story.

Ivan is a 24-year-old new homebuyer who used his team to buy a home in a very competitive, high-cost market. He used a down payment assistance program for the $8,000 down he needed on the $410,000 home.

Watch how they all helped Ivan reach his goal.

Ready to find out what programs are available in your market? Use our program search tool. On each program, you can discover “participating lenders” who are approved to work with the program.

DOWN PAYMENT RESOURCE®

Carson Valley Real Estate Update for October 2019

Carson Valley Update

Days on market in October increased in both the 89410 zip code and the rest of the Carson Valley areas. However the total number of sales in the Carson Valley declined by 11% while the 89410 zip code remained the same as at this time last year. The median price in the 89410 zip increased by 2.7% over last year though while the entire Carson Valley declined by 6.3%. This last bit of information really only says that those with lower priced homes decided to sell outside the 89410 zip while those within the downtown, Ruhenstroth and Pinenut areas had sales from higher priced listings. The important figures to note here are the increase in the days on market and the decline in the total number of sales. This typically means a slowdown in the market place however we’ll watch to see what occurs over the next few months to see. Please call if I can help you with any real estate related questions or concerns. Robert Stiles, REALTOR® CHASE INTERNATIONAL NV BS.1001136

3810 Slate Ct – For Sale

3810 Slate Ct

This manufactured home which was converted to Real Property was just placed on the market at Topaz Ranch Estates. The property is in move-in condition and includes some furnishings, including a washer/dryer, gun safe and refrigerator. The home has 3 bedrooms, 2 baths and is approximately 1296 square feet per the assessor. It is located on 1.84 acres at the end of a culdesac street and has fabulous views of the valley below as well as the local mountain range. Asking $219,900 call the listing agent, Robert Stiles at 775-309-8454 for more information. CHASE INTERNATIONAL BS.1001136 NV

Kitchen – 3810 Slate Ct Wellington, NV
Dining Area – 3810 Slate Ct Wellington, NV
Living Room – 3810 Slate Ct Wellington, NV
View – 3810 Slate Ct Wellington, NV

NEW Listing at Topaz Ranch Estates

3810 Slate Ct

Clean manufactured home located in Topaz Ranch Estates. Coming soon. Priced at $219,000. A 3 BR / 2 BA at 1296 square feet. Located on Slate Ct this property has some of the best views in the area. Call Robert Stiles, REALTOR® with Chase International. 775-309-8454 NV BS.1001136

3810 Slate Ln
Rear View
Kitchen
Living Room

Carson Valley Real Estate Update

Carson Valley Update

Here’s the latest Carson Valley Community update for our local real estate market. Sales activity listed below is for the dates between the 4th of July and Labor Day weekend. The Johnson Lane area had 15 sales during the time period. Prices ranged between $395,000 and $870,000. This is quite a departure from last year when the area had 25 sales. The Ranchos had 28 sales as compared to 23 last year during the same time period. Prices ranged between $279,000 and $595,000. It should be noted the Dresslerville area saw a substantial decline in the number of sales this summer by over 50% while the Downtown Minden and Gardnerville areas saw a total of 40 residential sales. This includes Chichester Estates, Heybourne Meadows and the La Costa At Monte Vista communities. The number of sales Downtown stayed steady with prices ranging from $285,000 to $596,000. The Ruhenstroth area had only two sales during the time period. The Pinenut area closed five. The north Minden areas of Sunridge, and Indian Hills had 16 sales as compared to 22 last year. Prices have ranged from $250,000 to $570,000. Lastly the Foothill and Genoa Lakes areas have seen an increase of over 50% in sales this summer. Lack of inventory has obviously been an issue in some communities. To obtain a value on what your home is worth give me a call at 775-309-8454. Thank you. Robert Stiles, REALTOR® Chase International

September Elks Events

This year marks the 20th Anniversary of the Elks National Soccer Shoot Program; the Tahoe/Douglas Elks’ youth soccer shoot takes place on Sept. 7 from 9 a.m.-1 p.m. at Lampe Park in Gardnerville.

The shoot is open to all players and divided into four age groups: 7 and under, 8-9, 10-11, and 12-13. First, second, and third place winners in each age category are awarded a medal, and first-place winners also receive a soccer ball. Participation is free.

The contest coincides with picture day for the local chapter of the American Youth Soccer Organization; players are invited to compete in the shoot following their team photos.

The final day to secure reservations for the Tahoe/Douglas Elks fourth annual Low County Shrimp Boil is Sept. 11. This event takes place Sept. 21 at the Lodge, 1227 Kimmerling Road in the Gardnerville Ranchos.

Doors open at 5 p.m. for social hour, followed by a Cajun-style supper. Cost is a $20 per person donation.

Mail checks to the Tahoe/Douglas Elks Lodge #2670, P.O. Box 143, Minden, Nevada 89423-0143. For information, call Dan at (775) 745-5619.

Bingo happens twice at the Elks Lodge this September; first on Friday the 6 and again on Friday the 20. Doors open at 5 p.m. with warm ups at 6; regular games get underway at 6:30. Players must be 21 and older.

A variety of snacks and beverages are available for purchase; coffee and pretzels are complimentary.

Proceeds from Elks events benefit a number of local programs for seniors, youth, and veterans.

Reprinted from Record-Courier August 29, 2019

Coming Soon to Canyon Creek Estates

Canyon Creek Estates

I went to Canyon Creek Estates yesterday to check out this new construction coming on the market in September. The residence sits on just under 3 acres. It has 3 bedrooms + a bonus room, and 3.5 baths at approximately 3300 SF. The builder will come out soon with an asking price but it shouldn’t be over $1,500,000. It offers lovely views of Jacks Valley with the master bedroom located on the opposite side from the secondary bedrooms. Canyon Creek Estates is a gated community with HOA dues just under $450 quarterly for common area maintenance. Contact Robert Stiles, REALTOR® at Chase International for more information. 775-309-8454 NV BS.1001136