According to data from the Northern Nevada Regional Multiple Listing Service, short sales posted the highest number of sales for June. In sales of residential, stick-built homes in the Reno-Sparks area there were 575 sales in June. Of that 43.2% were short sales, 33.6% traditional sales and 23.3% were REO/bank owned sales. The median price [...]
Friday, May 14, 2010
Here is a look at what is happening in the Sparks-Spanish Springs market as of today, May 14, 2010. This data is from the Northern Nevada Regional MLS and is for residential stick built homes in these areas. Active Listings – There are currently 411 active listings. The median list price for these listings is [...]
Wednesday, April 28, 2010
Sales data just released from the Reno-Sparks Association for March 2010 was a real eye opener. Here are a couple of intrepreations of the data… For homes in price points under $400,000 it is a seller’s market. Overal in the Reno-Sparks market we have 2.8 months of inventory. The National Association of REALTORS categorizes a [...]
Monday, April 26, 2010
The number of short sales closed in the Reno-Sparks area was just nine short of equaling the number of bank owned listings sold in the first quarter of 2010. According to data from the Northern Nevada Regional MLS, there were 449 short sales closed in the first quarter of 2010. There were 458 bank owned [...]
Friday, December 11, 2009
While the real estate market continues to struggle, one local realtor managed to shine in 2009. Amy Shocket, REALTOR® with Dickson Realty, was recognized by both the Reno Sparks Association of REALTORS® and the Northern Nevada Women’s Council of REALTORS® this year. The Reno Sparks Association of Realtors (RSAR) presented Shocket with the Matt Gibbons Memorial Award [...]
Thursday, June 11, 2009
The good news first. Sales of single family residences in the Sparks-Spanish Springs area were up 22% this May over May 2008. This shows that the buyers are out there and making purchases. Now the not so good news. The median sold price for May 2009 was $166,500. This is down significantly from May 2008 [...]
Wednesday, May 13, 2009
Word on the street is that home mortgages are hard to get and that banks aren’t lending. Certainly lending criteria has gotten more strict, but banks are lending. In Sparks/Spanish Springs since January 1, 2009 here is how buyers purchased their homes: Cash 17.04% Conventional Loans 34.92% FHA 41.99% VA 5.19% Miscellaneous .41% Owner Financing .41 [...]
Monday, March 30, 2009
Do you want to know what homes sold for in the Sparks and Spanish Springs area in February? There were 103 stick built, single family homes sold in Feburary. The median list price was $199,900 and the median sold price was $192,000. Sellers received on average 97.07% of their asking price. Bank owned properties accounted for [...]
Tuesday, February 3, 2009
It is what it is. That is a saying that I find myself saying numerous times everyday. The market is what the market is. My goal is to bring my clients the facts and help them make the best decisions possible given the market facts we are facing. Here is what January 2009 looks like for single [...]
Wednesday, January 14, 2009
So, here we go into 2009, and a Happy New Year! I often receive calls from clients and friends, who quote statistics about the market that they read in the paper, saw on the news or –heaven forbid – Zillow. These numbers cover the broader market with no interpretation of market segments. So, let’s take [...]
Thursday, July 8, 2010
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