homes in sparks: Reno-Sparks Homes and Real Estate Market Report October 2010
- 11/17/10 11:12 AM
Reno-Sparks Homes and Real Estate Report details homes sold, listings, bank owned, mls statistics and more. Summary As colder weather months are upon us, we expect to see a slight seasonal downturn in the number of homes sales. We are continuing to see only small decreases in median sales prices from a month-over-month and year-over-year perspective. As we had anticipated, these numbers again indicate that we are experiencing a leveling of the market. Reno-Sparks Homes Median Sales Price October 2010 median price was up 2.2% to $172,775 compard to $169,000 in September 2010. The median sales price has remained relatively … (2 comments)
homes in sparks: Reno-Sparks Homes and Real Estate Report July 2010
- 08/24/10 05:15 PM
Reno-Sparks homes and real estate report is your insight into the housing market, sales, listings, bank owned and short sales statistics. Summary In July, we experienced an anticipated letdown in the number of existing home sales following the five year record set in June which was driven by the deadline to close sales qualifying for the $8000 tax credit by June 30. The July numbers for new pending sales remain strong; an important leading indicator for the coming months that indicate continued demand for resale homes. Pending sales taken together with the rise in the July 2010 median sales price … (0 comments)
homes in sparks: Reno/Sparks Homes and Real Estate Report June 2010
- 07/31/10 03:20 AM
Reno/Sparks home and real estate monthly report provides information on Reno/Sparks homes sold, homes for sale, bank owned and short sale statistics. Summary "As anticipated, we saw an increase in the volume of closed sales during the month of June, mostly by buyers who were attempting to get in under the June 30 deadline to close deals in order to qualify for the tax credit. It wasn't until the midnight hour that Congress extended the deadline to those buyers who, through no fault of their own, were unable to meet the deadline. As a result of that extension, buyers who … (1 comments)
If it's a short sale why does it take so long? In reality, the "short" in short sale has nothing to do with timing. Short sales usually take many months, longer than a traditional real estate transaction, running anywhere from 3 to 8 months-plus, on average from contract to closing! There are some that I have successfully closed in 2-3 months. The only thing short in a short sale is the sales price, it is less than, or "short" of, the amount the seller would need to pay off all the loans and outstanding obligations (tax liens, delinquent HOA … (7 comments)
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