| |
Notices of Default spiked big for January. 675 filed NODs in January represents a 17% increase over December’s number of NODs, and is more than double the number of NODs filed for the same period last year. Will it ever stop?
New home sales in January dropped 48% from December’s 83 new home sales. January’s paltry 46 new home sales represents only a third of the number sold last year in January.
Resales also declined a whopping 24% from December’s resales. However the unit number of resales for January 2009 still remains higher than January 2008. January represents the fifth consecutive month of higher year-over-year unit sales.
On another positive note, January re-fis took a big jump; climbing nearly 65% from December’s numbers.
See all the data here.
|
Guy Johnson, MBA, CRS, Blogger (Chase International)
Well, it has finally happened. The median sold price for Reno and Sparks, Nevada has now fallen below $200, 000. And in a BIG way! January’s median sold price of $194, 450 represents a HUGE drop from the previous month’s $209, 900 – a…
|
|
Guy Johnson, MBA, CRS, Blogger (Chase International)
Reno’s median sold price took another big hit in December dropping 4. 3% from November’s number. December’s median sold price now sits at $208, 000 and is extremely close to falling below the $200, 000 level. [In fact, if we see…
|
|
Guy Johnson, MBA, CRS, Blogger (Chase International)
“Guy, if I buy this house, will my property taxes be calculated based off my purchase price? ” This is a question I get asked quite often. And is one for which most buyers are surprised to hear the answer. What they are really asking…
|
|
Guy Johnson, MBA, CRS, Blogger (Chase International)
At $218, 350, Reno-Spark's median sold price has now settled solidly below $220, 000. Units sold however continue to remain higher than last year's numbers. For example, November's 274 sales represents an 18. 6% increase over November 2007 sales…
|
|
Guy Johnson, MBA, CRS, Blogger (Chase International)
In Washoe County, Nevada, September's stats showed a more than a 10% reduction in the number of Active licensed agents since the beginning of the year. In real numbers, September's decrease of 313 agents since January equates to one agent a day…
|
|
Guy Johnson, MBA, CRS, Blogger (Chase International)
The median sold price per square foot for a home in Reno - Sparks, Nevada is now about $127/sq. ft. [after peaking at $214/sq. ft. in 2005]. The current $/sq. ft. number has brought us to pre-2004 levels. A buyer can now roll back the clock five years…
|
|
Guy Johnson, MBA, CRS, Blogger (Chase International)
After rocketing skyward for a couple years Notices of Default in Washoe County finally peaked in April of this year at 457 NODs. In the five months following April's peak, NODs began trending downward slightly. For example, September's 422 NODs…
|
|
Guy Johnson, MBA, CRS, Blogger (Chase International)
I've just returned from this year's NAR (National Association of REALTORS®) conference where I saw the latest agent tools and products; met many new people; and caught up with old friends. One of these friends was Gustavo Blachman, broker-owner…
|
|
Guy Johnson, MBA, CRS, Blogger (Chase International)
The drop in October's median sales price is truly startling (see table below). I believe October's is the largest one-month decline in sales prices we've seen since I began tracking these numbers. The median sold price for Reno and Sparks homes has…
|
|
|
Guy Johnson, MBA, CRS, Blogger
Reno,
NV
More about me…
Chase International
Address: 985 Damonte Ranch Parkway, Suite 110, Reno, NV, 89511
Office Phone: (877) 922-5900
Cell Phone: (775) 722-4011
Email Me
I regularly contribute to the Reno Realty Blog. This popular blog describes itself as "Musings on the Reno Sparks real estate market". Find it here:
Reno Realty Blog
View my  profile
 Links
Archives
|
;)
;)
