Well...We are into a new year and I thought you would like to see current home sales information for Reno and Sparks, NV and all Washoe County (excluding Incline Village). So often what you see or hear in the news media about home sales is doom and gloom. Sometimes it appears the news reporters think they are news forecasters. The worse they report and the worse things get, the better and the more accurate they think they are. Friends have asked me when the housing sales boom stopped. My answer is I saw the first signs in July of 2005. Did prices go up after that? Yes. Were there still record sales after that? Yes. The signs of a slow down, though, were starting to become apparent. More FSBO (for sale by owner) homes were going to real estate agents to sell. There were more expired listings every day and days on market were longer. Then, builders started to have some standing inventory. Sellers who were selling their existing home to buy a new home started having difficulty getting the "high" price they needed to buy the new home. Many sellers thought they could still get 5% - 10% more than the last home sold for in ntheir neighborhood. some of those homes are still for sale. Please contact me if you would like a copy of my report, The Truth about what is going on in the Washoe County housing market. Right now, though, let me give you current housing sales information for the first hal of January, 2008. The information is for residential properties which consist of single family homes, condominiums & townhouses and manufactured homes...
ACTIVE PENDING TOTAL A & P SOLD EXPIRED
Reno (all areas) 2,713 269 2,982 45 214
Sparks (all areas) 838 85 923 24 58
# of Listings
Dollar Volume
Avg Price
Med Price
RESIDENTIAL
Conventional
3,515
$1,249,093,084
$355,361
$292,500
126
FHA
259
$57,012,644
$220,126
$224,000
116
VA
74
$19,093,827
$258,025
$250,000
124
Assumption
4
$1,257,374
$314,344
$234,500
219
Cash
344
$159,717,040
$464,294
$325,000
129
Contract of Sale
6
$1,143,500
$190,583
$167,500
172
Owner
17
$5,110,400
$300,612
$210,000
127
CTEL+2
1
$255,000
$255,000
$255,000
148
Miscellaneous
35
$9,178,600
$262,246
$226,800
112
Analysis by Area
Comml/Indst Core
133
$39,269,588
$295,260
$265,000
258
Reno-North
174
$34,185,054
$196,466
$190,000
114
Reno-Northwest
259
$68,887,655
$265,976
$251,950
116
Reno-Northwest Suburban
266
$88,589,354
$333,043
$319,200
112
Reno-West Suburban
13
$5,238,300
$402,946
$405,000
78
Verdi
13
$7,924,550
$609,581
$570,000
139
Sun Valley
160
$32,812,804
$205,080
$207,500
119
Reno-North Valley
86
$21,359,083
$248,361
$226,500
113
Reno-Golden Valley
17
$5,851,100
$344,182
$325,000
126
Reno-Lemmon Valley
65
$16,404,373
$252,375
$249,900
101
Reno-Stead
224
$52,891,350
$236,122
$240,000
99
Reno-Silver Knolls
15
$5,894,500
$392,967
$373,000
135
Reno-Cold Springs
147
$35,432,734
$241,039
$235,000
123
Reno-Red Rock
8
$3,215,900
$401,988
$359,500
163
Reno-Rancho Haven
11
$3,878,700
$352,609
$365,000
228
Reno-Southeast
110
$21,230,491
$193,004
$186,250
117
Reno-Donner Springs
133
$31,005,038
$233,121
$255,900
105
Reno-Hidden Valley
55
$23,103,058
$420,056
$400,000
128
Reno-South Meadows
283
$102,835,357
$363,376
$340,000
107
Reno-Old Southwest
154
$54,219,162
$352,072
$310,000
126
Reno-South Suburban
144
$116,833,588
$811,344
$715,000
128
Reno-Southwest Suburban
82
$91,302,920
$1,113,450
$955,000
242
Reno-Foothills
50
$15,260,121
$305,202
$307,500
127
Pleasant Valley
5
$2,208,500
$441,700
$394,000
84
West Washoe Valley
8
$9,470,000
$1,183,750
$1,122,500
238
Virginia City Highlands
20
$9,590,700
$479,535
$447,250
159
Washoe Valley
28
$9,177,500
$327,768
$332,000
126
Sparks
200
$41,492,099
$207,460
$212,250
118
Sparks-East
239
$63,880,550
$267,283
$262,000
110
Sparks-Suburban
240
$78,718,900
$327,995
$305,000
130
Spanish Springs-South
175
$63,454,548
$362,597
$327,000
131
Spanish Springs-West
126
$37,690,895
$299,134
$285,000
115
Spanish Springs-East
31
$15,042,023
$485,227
$429,290
140
Palomino Valley
8
$3,839,000
$479,875
$430,000
128
East Truckee River
28
$5,493,549
$196,198
$193,000
132
Reno-West Southwest
96
$62,754,550
$653,693
$566,000
132
Reno-Southwest
242
$112,856,200
$466,348
$398,500
131
Reno-Old South Suburban
65
$43,301,688
$666,180
$430,000
120
Reno-Somersett
83
$45,836,337
$552,245
$530,000
146
Sparks-Foothills
59
$19,429,650
$329,316
$305,000
87
Totals
4,255
$1,501,861,469
$352,964
$285,000
126
Non Co-op Sales
957
$345,567,557
$361,095
$285,000
141
Co-op Sales
3,298
$1,156,293,912
$350,605
$285,000
121
All Sold Listings
4,255
$1,501,861,469
$352,964
$285,000
126
The last column is days on market.
Note: This information is for Reno and Sparks, Nevada areas only. This representation is based in whole or in part on data supplied by Northern Nevada Regional Multiple Listing Service (copwrited material). Neither the Reno/Sparks Association of Realtors nor the NNRMLS is in any way responsible for the accuracy of this report. Data maintained by NNRMLS may not reflect all real estate activity in the area. The information I show is only for residential properties that have been listed and sold through agents associated with the Reno/Sparks Association of Realtors.
Information on bank owned assets and short sales in Reno, Sparks and Washoe County, NV. Information about downtown Reno and the growth of Washoe County and Northern Nevada. Northgate News.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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