For Sellers
Reno/Sparks Market Stats For June 2013
RSAR came out with the June real estate market stats for Reno/Sparks. Below is an overview of the major points with the full report available by clicking on the picture to the right. The median sales price rose 1.6% to $222,000. That’s up 30.6% from June 2012 Solds ended at 503 which was down 5.5% […]
High Prices and Low Appraisals… Welcome To Reno
I hesitated in writing this post because I’m quoted in the RGJ article (read through links below) and didn’t want to toot my own horn. I though better of it because this is the heart of what’s happening in the Reno/Sparks Real Estate market. Simple Math: A + B = C Reno/Sparks Home Prices Rise […]
Do Homes Sell For More Than The List Price?
DSNews.com came out with a story yesterday about the top CBSAs. The article can be viewed here. The article stats that the typical sale to list price ratio is between 92%-98%. The top markets are now seeing homes selling above that threshold and even above list. Reno came in at #4 in the country for […]
Old Southwest Reno Is Getting Really Expensive
A new listing came out this evening. Heart of the Old Southwest for a cute little home around 1,300 sqft. No big deal until I looked at the price per sqft… $306.92 per sqft. There’s only been 4 homes in the past 4 years to sell over $300 per sqft (current property is on the […]
Washoe County Foreclosure Statistics For March 2013
Ticor Title Company sent out the updated foreclosure stats for March 2013. The full stats can be viewed by clicking the picture to the right. Notice of Defaults hit their highest point since September 2011 (start of AB 284) Notice of Sales (final recording before foreclosure) at their highest since February 2012 Trustee’s Deeds were […]
Reno Real Estate Roundup 3/29/2013
FHA Loan Prices To Increase On April 1st- Renown®homes.com If rates go up a refi may not work. You should look into a conventional with 5% down. Fannie Mae Says Housing Return To Remain- Inman.com It’s still about 70/30 that the market won’t depreciate in the near future. Streamlined Loan Mods From Fannie and […]
AB300 To The Rescue? Redefining AB284…
The legislature is in full swing and they will finally begin to tackle the AB284 language debacle. For those of you that haven’t been following… AB284 made it tougher for a lien holder to foreclose due to the vague language of “personal knowledge” and other verbiage. Oh yeah… it’s also a felony if you mess […]
Nevada Face of Foreclosure Report For 2013
The Nevada Association of Realtor
Are Short Sales Going To Get Shorter?
The running short sale joke is that no part of them are short. Freddie mac came out yesterday and said that they can speed up FHLMC backed short sales by 50-75% (effective November 1, 2013). The full post is here… Fannie Mae Short Sale Time Frame Among the many reasons they believe their short sale […]
How Quickly Do We Need To Make An Offer?
A good read for sellers too. Well, I think I’ve seen the fastest list to accepted offer scenario?(previous record is 8 hours) that doesn’t involve the agent having an inside deal with the buyer and seller prior to listing it. The home came on the market at 4:10 pm yesterday (over $200,000 list). At 5:30 […]