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 the current listed homes to the actual sold homes for the first quarter provides some interesting comparisons.  See chart below.

                        Actual Q1 Sales                              Current Inventory  

Units                          4                                                         44

Avg Price            $634,500                                            $1,009,063

Median Price      $674,500                                            $   869,450

Avg DOM                 139                                                          233

I think there are two conclusions to be drawn from these numbers.  First, there is still a disparity between selling prices and listing prices and second, there will probably not be any decrease in inventory in the immediate future.