Reno/Sparks Homes and Real Estate Market Report December 2011 - 01/29/12 12:23 PM

Summary
December home sales at 524 are the highest home sales for a December in history. This number outpaces December 2010 sales by 8% and is up 6.1% from November. Year-end sales for 2011 were the second highest in the history of the MLS. We are optimistic that these are early and positive signs of a move toward recovery. Reno/Sparks Homes Median Sales Price
December 2011 median price was up 3.9% to $155,400 compared to $149,506 in November 2011. For the past two months we have seen moderate increases in median sales price. It is too early to call it … (0 comments)

Fernley Homes and Real Estate Market Report December 2011 - 01/28/12 11:30 PM

Photo by Jerry Mansker
Summary
December home sales at 47 are the fourth highest homes sales for a December in history. This number outpaces December 2010 sales by 47% and is up 27% from November 2011. Year-end sales for 2011 were the fourth highest in the history of the MLS. We are optimistic that these are early and positive signs of a move toward recovery. Fernley Homes Median Sales Price
December 2011 median price increased 7.3% to $90,000 compared to $83,859 in November 2011. The median price is down 8% from the prior December. The median price is defined as … (0 comments)

Investors With Cash Place Downward Pressure on Home Prices - 01/25/12 11:22 PM

Homebuyers with enough cash in hand to cover their offer price in full are able to bid significantly lower on properties and according to a new industry report released Monday, because they offer a shorter and more reliable closing timeline without the impediments of a mortgage, appaisal, underwriting time, they often win out with that lower bid.
A study found that this low-bid-winning dynamic is particularly true for distressed properties because mortgage servicers selling foreclosed or REO homes generally prefer transactions that can close within 30 days.
The total share of distressed properties in the housing market in December, as … (5 comments)

Google Maps Adds Public Safety Alerts to Search Results - 01/25/12 03:45 PM
Google Maps Adds Public Safety Alerts to Search Results Google has launched a new alert system called Google Public Alerts today that helps you keep track of severe weather in your area.<!-- %JUMP:More »% -->
The new feature integrates directly into Google Maps so that if you search for directions you'll automatically get a warning about severe weather, earthquakes, or any other natural disaster. The new alert system links back to the warning so you can see exactly which areas are affected and what you should do. It currently pulls data from the US National Oceanic and Atmospheric Administration, the National … (0 comments)

Reno/Sparks Homes and Real Estate Market Reports October 2011 - 01/12/12 10:53 PM

Summary:
October home sales in Washoe County are the fourth highest home sales for an October in history and outpaces October 2010 by 15 percent. This is the first month where the year-over-year comparison is not influenced by the tax credit incentives, thus a positive sign that sales remain healthy. Also, we have seen only moderate fluctuations in median price for the past seven months. With the majority of new listings entering the market at the under $150,000 and a majority of sales occuring in this same price range, we are cautiously optimistic that prices are at the bottom. Reno/Sparks … (0 comments)

USA Parkway NDOT Public Information Meeting - 01/10/12 11:56 PM

 
The Nevada Department of Transportation (NDOT) will conduct a public information meeting to provide information and receive input on the USA Parkway Project, a proposed north-south transportation link between Interstate 80 (I-80) and U.S. Route 50 (US 50) in Storey and Lyon Counties.
The purpose of the proposed Project is to provide an addtional connection between I-80 and US 50 in order to enhance accessibility and mobility between Lyon and Storey counties. The project would also provide transportation infrastructure to support existing and planned land uses and economic development in Lyon and Storey counties.
Members of the public are … (0 comments)

Fernley, NV Homes FOR SALE - 01/08/12 08:05 PM
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Fernley Homews and Real Estate Market Report October 2011 - 01/07/12 06:59 PM

Summary:
October home sales in Fernley are up 10.3% over October 2010 and have shown continued improvement for the past seven months. This is the first month where the year-over-year comparison is not influenced by the tax credit incentives, thus a positive sign that sales remain healthy. We have seen only moderate fluctuations in median price for the past seven months. Fernley Homes Median Sales Price
October 2011 median price decreased 4.4% to $82,100 compared to $85,899 in September 2011. The median price is down 17.1% from the prior October. Median price is defined as the mid-point, where, for the … (2 comments)

Fernley Homes and Real Estate Market Report November 2011 - 01/02/12 09:52 PM

Summary:
November sales are down 10% over last year, but year-to-date unit sales are keepiong pace with 2010 and we have also seen relative stable prices seven out of the past eight months. These are positive indicators for the residential housing market.
Fernley Homes Median Sales Price
November 2011 median price increased 2.1% to $83,859 compared to $82,100 in October 2011. The median price is down 23.8% from the prior November. Median price is defined as the mid-point, where, for the time period identified, the price for one-half of the sales are higher and one-half are lower. Fernley Homes Price … (0 comments)

Your 2012 Resolution - Buying A Home! - 01/02/12 09:31 PM

If you are thinking of buying a home this year, the interest rates and home prices are even better than they have ever been. Now is the time to begin the home buying process.
Here are four steps to make this process workable and easy for you.
Choose a financing program. Find a home you feel you can afford. Negotiate the transaction through your real estate agent. Conclude the process through closing. The first important step is to meet with a lender to be approved for a mortgage loan. You will need to gather your last 2 years income tax … (0 comments)

Reno/Sparks Homes and Real Estate Market Report November 2011 - 01/02/12 09:52 AM

Summary
November sales are up 22% over last year and year-to-date home sales have exceeded 2010 by 10%. We have also seen relative stable prices for the past seven months. These are positive indicators for the residential housing market. Reno/Sparks Homes Median Sales Price
November 2011 median price was up less than 1% to $149,506 compared to $149,000 in October 2011. Median price is defined as the mid-point, where, for the time period identified, the price for one-half of the sales are higher and one-half are lower. Reno/Sparks Price per Square Foot Solds
Price per square foot is at $88.30. … (0 comments)

 

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