In early May I posted (on my other blog: renorealtyblog.com) a table showing the proportion of vacant listings by MLS area in Reno-Sparks. Today I recompiled the numbers and updated the table.
Overall the proportion of vacant listings in Reno-Sparks has remained unchanged at 34%. However, on an individual area basis, some significant changes have occurred since May (see below). Also, not surprisingly, tenant-occupied listings inched up slightly, from 7% to 8%.
The table below shows the proportions of Vacant/Owner-Occupied/Tenant-Occupied listings for various MLS areas in the Reno/Sparks area. The table is sorted by Vacancy rate - highest to lowest.
| MLS Area | Vacant | Owner | Tenant |
| Southeast | 50% | 32% | 18% |
| Northwest | 49% | 38% | 13% |
| Somersett | 44% | 47% | 9% |
| Old Southwest | 43% | 51% | 6% |
| Southwest Suburban | 37% | 63% | 1% |
| North Valleys | 35% | 56% | 9% |
| South Meadows | 34% | 57% | 9% |
| Sparks | 34% | 59% | 7% |
| Sparks - East | 33% | 58% | 9% |
| Southwest | 33% | 62% | 5% |
| South Suburban | 32% | 63% | 5% |
| Spanish Springs | 31% | 62% | 7% |
| Sparks - Suburban | 31% | 65% | 4% |
| West Southwest | 22% | 74% | 5% |
| Old South Suburban | 21% | 75% | 4% |
For comparison purposes, the entire MLS breaks down as follows:
| Vacant | Owner | Tenant | |
| Entire MLS | 34% | 58% | 8% |
Somersett saw a significant (20%) decline in its proportion of vacant listings, from 55% in May to 44% today. Old South Suburban saw the greatest decline (38%) with its proportion of vacant listings dropping from 34% to 21%. Northwest Reno had the largest increase (81%) in its vacant listing percentage. Increasing from 27% in May to 49% today. Southeast Reno moves to the top of the list to lead all the Reno-Sparks areas in proportion of vacant listings West Southwest remains the area with the highest proportion of owner-occupied listings, at 74%. Also, not surprisingly, tenant-occupied listings inched up slightly, from 7% to 8%.
Data courtesy of NNRMLS July 2007.
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