truckee meadows: Reno, Nevada Home Price Per Square Foot Drops to $127/sq.ft. - 11/19/08 03:59 PM
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 when purchasing a home today. Check … (0 comments)
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truckee meadows: Reno NODs Up 38% from Last Month - 11/17/08 07:15 PM
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 represented an 8% decline from April's peak.
Well, I suppose good things can't … (0 comments)
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truckee meadows: September Stats from Ticor Title for Washoe County, Nevada - 10/10/08 12:39 PM
Washoe County Notices of Default remained relatively flat for September. Very high still (422 for the month); but stable nonetheless. A ceiling of 400 - 450 per month seems to have been set (as observed for the last eight months).
For the second consecutive month the number of re-fis is less … (0 comments)
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truckee meadows: September Median Home Prices for Reno-Sparks, Nevada - 10/07/08 05:42 PM
Median sold price and units sold for September remained relatively stable compared to August's numbers. The median sold price continues to fall, but not as dramatically as we saw last month.
The number of homes listed for sale in September fell 7% compared to August's listings. This is a typical seasonal … (0 comments)
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truckee meadows: Reno MLS Areas by Percent Decline in Median Home Price - 10/02/08 03:21 PM
From my monthly median sold price table we know that Reno-Sparks home prices are now more then 30% off their peak reached in July 2005. But this number is for all Reno and Sparks. What are the declines by MLS area? And did every area peak at the same time? These … (0 comments)
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truckee meadows: Distressed Properties by MLS Area - Reno and Sparks, Nevada - 09/10/08 02:15 PM
There's been much discussion on the blog recently about distressed properties (bank owned, short sales, court sales, etc). Currently, these types of listings account for over 40% of the properties listed on our MLS and 50% of the sales in the last thirty days.
I recently overheard a couple agents commenting about … (2 comments)
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truckee meadows: August Median Sold Prices - Reno, Nevada - 09/10/08 02:10 PM
Another month, another substantial decrease. This month both the median sales price AND the number of sales dramatically decreased. August's median sales price of $240,000 represents a 2.8% decline from July's $247,000. YoY decrease is 18.6%; Yo2Y decrease is 22.6%; and we are now 30.4% off our peak of $345,000 set … (0 comments)
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truckee meadows: July's Median Home Prices - Reno, NV - 08/18/08 12:47 PM
I've compile July's numbers for Reno-Sparks. The first thing that jumps out is that the median sold price dropped substantially from the previous month's low. At $247,000, not only does July's median sold price represent a 3% ONE MONTH decrease, but also a new low median sales price since I've been … (0 comments)
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truckee meadows: Only Half of Reno Listings Occupied - 08/03/08 01:04 AM
Homes sitting unoccupied nationwide set a new record last quarter - with 18.6 million vacant houses according to the US Census Bureau.
Here in Reno we have our fair share of vacant houses. A quick look at today's listings show: Of the 4,586 residential listings in Reno-Sparks, only half are owner-occupied. … (1 comments)
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truckee meadows: Only 36% Of Our Pending Short Sales Have Closed -- Even After Three Months - 07/27/08 02:17 AM
Ninety days have passed since I took a snapshot of the Pendings on our MLS. Readers may recall I followed up with a check of the status of these "pendings" at 30 days and again at 60 days.
So how have the pendings fared after ninety days? As has been the … (0 comments)
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truckee meadows: 74% of Reno-Sparks Homes Sold for Less Than $350,000 - 07/15/08 05:33 PM
This week my broker, Chase International, released the 2008 Mid-Year Price Banding Charts. These charts show the number of units sold at various price points, and cover the areas of: Incline Village; East Shore; Truckee; Tahoe City; South Lake Tahoe; Reno/Sparks; and Carson Valley. As an example 40% of the houses … (0 comments)
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truckee meadows: Reno-Sparks Median "For Sale" and "Sold" Prices - June 2008 - 07/15/08 05:23 PM
Well...at least June's median sold price drop was not as dramatic as May's, but we're still looking at a new low... $254,000. On the plus side, units sold for June was way up. With 387 residential properties sold in June, that's an increase of nearly 13% over May's number of Solds. … (1 comments)
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truckee meadows: May Median Sold Prices - Reno, Nevada - 06/05/08 12:48 PM
Wow! The median sold price took a huge drop for the month of May - 5.2% lower than April's median. Granted, all sales for May might not be entered into the MLS yet, but even so I don't see the median fluctuating that much. Note also that the median For Sale price has remained … (0 comments)
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truckee meadows: Price per Square Foot - The New Metric? - 05/15/08 04:41 PM
Many recent comments on my local Reno Realty blog have been made regarding how the reported median home prices don't tell the whole story when it comes to home values in Reno. For this reason many of our readers have expressed a desire to see $/sq.ft. sold price data - the … (0 comments)
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truckee meadows: Washoe County (Reno, NV) Recorded Sales and NODs for April 2008 - 05/15/08 04:35 PM
Washoe County re-sales increased for the third consecutive month (up 20% over March); however April new homes sales decreased in April over March (down 11%). Summing re-sales and new home sales results in a nearly 9% increase in Washoe County recorded home sale recordings for April over March. 605 recordings vs. … (1 comments)
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truckee meadows: April Median Sold Prices - Reno, Nevada - 05/05/08 09:57 PM
A 31% increase in the month-over-month number of homes sold in April stands out as the big news this month. I, as well as many agents in my office, can attest to the increase in client activity lately. These numbers seem to support our perception.The median sold price also increased for … (1 comments)
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