Page 1

MICROMARKET REPORT |

CARSON VALLEY • YEAR END 2019


COMMUNITIES

MAP | CARSON VALLEY 1

2

1. Washoe Valley 2. Carson City 3. Genoa 4. Minden 5. Gardnerville

3

4

5

Pictured on cover: 263 Sierra Country Circle | $5,880,000

1

Washoe Valley

3

Genoa

5

Gardnerville

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CARSON VALLEY market update Located in Douglas County, Carson Valley comprises the towns of Minden (the County seat), Gardnerville, Genoa and Carson City, the State Capitol and perhaps the epitome of the Old West. The Valley is connected to South Lake Tahoe by an 11-mile drive on SR 207 (Kingsbury Grade) providing convenient access to skiing at Vail owned Heavenly Mountain as well as unlimited nightlife, dining, shopping and outdoor recreation.

5 YEAR TRENDS January through December Median Price

2015

2016

2017

2018

2019

$263,000

$284,900

$320,000

$368,500

$370,000

1584

1715

1852

1617

1705

Properties Sold

The region is cradled by towering, snow-capped peaks containing a myriad of mountain lakes and offers has an inimitable charm unto itself. Historic Genoa, just 13 miles south of the capitol, is the oldest town in Nevada, established in 1851. It’s also home to the oldest continually operating watering hole in the state, the Genoa Bar and Saloon. First settled by trappers and pioneers traveling the Overland Emigrant Trail in the mid-1800s, Genoa served as a trading post eventually becoming known as the Mormon Station. Near the site of the area’s first lodging, blacksmith shop and restaurant, an historic state park commemorates these brave adventurers today. Basque sheepherders soon discovered the open range land in the valley, bringing cultural diversity and entrepreneurial spirit to the region. Restaurants honoring the tradition of Basque family dining remain popular eateries in Carson City to this day. Carson Valley is picture-perfect in any season, and more temperate than some surrounding areas in higher elevations. Therefore, it’s also teeming with real estate opportunities and gorgeous homes. With Nevada’s tax benefits and the region’s more affordable pricing, the area is ripe with residential potential, as well as Mother Nature’s outstanding artistry. sierrasothebysrealty.com

Based on Information from the Northern Nevada MLS as of Jan 1, 2020. This representation is based in whole or in part on data supplied by the Northern Nevada MLS does not guarantee nor is in any way responsible for its accuracy. Data maintained by Northern Nevada MLS may not reflect all real estate activity in the market.

MICROMARKET REPORT | Carson Valley JANUARY - DECEMBER 2019 • TAHOEMICROREPORTS.COM


WASHOE VALLEY | Single Family January through December

2018

2019

% Change

Median Price

$451,500

$445,000

-1%

Average Sold Price

$572,104

$549,741

-4%

155

100

-35%

Highest Sold Price

$2,500,000

$2,800,000

12%

Lowest Sold Price

$216,000

$150,000

-31%

66

65

-2%

96%

96%

0%

$37,758,899

$35,733,225

-5%

Average Days on Market

Properties Sold % Sold Price to Average List Price Total Dollar Volume Sold

Naturally occurring geothermic hot springs can be found steaming throughout the region. Resorts have harnessed these springs, such as Carson Hot Springs and David Walley’s Resort.

CARSON CITY | Single Family January through December

2018

2019

% Change

Median Price

$325,000

$345,000

6%

Average Sold Price

$364,955

$383,777

5%

81

89

10%

Highest Sold Price

$1,402,000

$1,300,000

-7%

Lowest Sold Price

$65,000

$75,000

15%

561

631

12%

99%

98%

-1%

$204,740,113

$242,163,764

18%

Average Days on Market

Properties Sold % Sold Price to Average List Price Total Dollar Volume Sold

5% Average sold price in Carson City improved by 5% in 2019 .

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GENOA | Single Family

Pictured: 38 Lightning W Ranch Road | $1,498,000

January through December

2018

Median Price

$700,000

$772,000

10%

Average Sold Price

$830,410

$875,566

5%

Average Days on Market

$806,876

$849,120

5%

Highest Sold Price

131

103

-21%

Lowest Sold Price

$1,875,000

$2,527,000

35%

$411,000

$275,000

-33%

89

88

-1%

97%

97%

0%

Properties Sold % Sold Price to Average List Price

The Dangberg Home Ranch Historic Park in Minden was founded in 1857 by German immigrant Heinrich Friedrich Dangberg and is one of Carson Valley’s most visited attractions.

Total Dollar Volume Sold

2019

% Change

MINDEN | Single Family January through December

2018

2019

% Change

Median Price

$449,500

$469,000

4%

Average Sold Price

$480,559

$506,059

5%

87

98

13%

Highest Sold Price

$1,795,000

$1,250,000

-30%

Lowest Sold Price

$255,000

$167,500

-34%

235

228

-3%

99%

98%

-1%

$112,931,403

$115,381,539

2%

Average Days on Market

Properties Sold % Sold Price to Average List Price Total Dollar Volume Sold

MICROMARKET REPORT | Carson Valley sierrasothebysrealty.com

JANUARY - DECEMBER 2019 • TAHOEMICROREPORTS.COM


GARDNERVILLE | Single Family January through December

2018

2019

% Change

Median Price

$399,950

$390,000

-2%

Average Sold Price

$459,824

$481,131

5%

99

102

3%

Highest Sold Price

$1,665,000

$3,800,000

128%

Lowest Sold Price

$120,000

$75,000

-38%

416

455

9%

98%

98%

0%

$191,286,838

$218,914,942

14%

Average Days on Market

Properties Sold % Sold Price to Average List Price Total Dollar Volume Sold

5%

Average sold price in Gardnerville improved by 5% in 2019.

Pictured: 263 Sierra Country Circle | $5,880,000

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The life you love.

sierrasothebysrealty.com | tahoemicroreports.com Based on Information from NNRMLS This representation is based in whole or in part on data supplied by NNRMLS. NNRMLS does not guarantee nor is in any way responsible for its accuracy. Data maintained by NNRMLS may not reflect all real estate activity in the market.

Profile for Sierra Sotheby's International Realty

Carson Valley 2019 Year End Real Estate Market Report  

2019 Year End real estate market statistics for Carson Valley, NV including the surrounding communities of Carson City, Gardnerville, Genoa,...

Carson Valley 2019 Year End Real Estate Market Report  

2019 Year End real estate market statistics for Carson Valley, NV including the surrounding communities of Carson City, Gardnerville, Genoa,...