Market Reports

Reno/Sparks Market Stats For June 2013

July 18, 2013 | Category: For Buyers, For Sellers, Market Reports
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% […]

Reno Makes The Top 10 List For Highest Price Increases

June 17, 2013 | Category: Market Reports | Tags: , , ,
NAR sent out a new list of the top 10 areas where prices are rising the most. Reno came in at #9 (+24.3% YoY). What’s somewhat humorous about the list is all of these areas were known as top rated foreclosure areas. It seems the over correction in pricing wasn’t just in Reno. The article […]

High Prices and Low Appraisals… Welcome To Reno

June 5, 2013 | Category: For Buyers, For Sellers, Market Reports | Tags: , , , , ,
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?

May 23, 2013 | Category: For Buyers, For Sellers, Market Reports | Tags: , , , ,
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 […]

Foreclosure Stats for April 2013

May 16, 2013 | Category: Market Reports | Tags: , , , , , , ,
Ticor Title sent out the updated historical foreclosure stats up to April 2013. You can view the graph by clicking the picture to the right. Below is an overview: NODs (Notice of Default) inched up to 287 NOSs (Notices of Sale) were down a bit but still higher than the past 9 months TDs (Trustee’s […]

Old Southwest Reno Is Getting Really Expensive

April 15, 2013 | Category: For Agents, For Buyers, For Sellers, Market Reports, News | Tags: , , , ,
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

April 11, 2013 | Category: For Buyers, For Sellers, Market Reports, News | Tags: , , , , , , ,
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 […]