Bob Sewell's Page

As of today, there are 44 homes listed for sale in the Genoa/Alpine area. Prices for these homes range from a low $349,000 for a small 512 sq. ft. home on Genoa Lane to a high of $2,595,000 for a 7,690 sq. ft. home on Water Canyon.



This certainly doesn’t seem lake a lot of homes when compared to the larger areas like Reno or SLT. However, using Q1 sales for this same area (of which there were only 4) this equates to an 11 quarter or 33 month supply on hand. Comparing the stats for… Continue

Q1 is finally over and the numbers are in. Home Sales on the East Shore can probably best be described by the title of this post.



The Bad. While there was one more sale this year 19 vs. last year 18, the average sales price declined over 51% from $2,419,152 in 2007 to $1,183,363 this year. Likewise the median price declined 34% from $1,175,368 to $775,000.



The Ugly. As you would expect, with the decrease in the average price, total sales also… Continue

Being the eternal optimist I am always looking to find that half full glass, preferably of wine. Taking a quick look at the numbers for the first quarter it is easy to find that glass since sales in the first quarter in the Genoa area doubled in 2008 compared to 2007. However, to be fair, it was a small glass…very more...

Have we hit the bottom of the real estate market or are we close? I would be surprised if there is one real estate professional left who has not been asked that question. Of course no one, and I mean no one, knows the answer to that question. In fact, if you ask a Realtor that question and he/she gives you a definitive answer, I suggest you more...