reno listing agent: December 2013 Reno/Sparks Market Report (Video)
- 01/22/14 07:06 AM
Thanks to the Reno/Sparks Association of Realtors for providing the December 2013 market stats. You can view the whole report by clicking the link to the right or watch the video below. Below is a brief overview... The median sales price rose to $229,500. $4,600 above November and up 23.1% from December 2012. Units sold was up 1.9% from November and down 1.6% from December 2012. Average days on market was up 7.1% from November and down 1.6% from December 2012. Regular sales average 83 days on market before closing. The average sold price per sqft. fell a little to $128 … (0 comments)
reno listing agent: How Many Cash Transactions In Reno/Sparks?
- 12/31/13 03:50 AM
How many real estate transactions were cash in Reno/Sparks in 2013? Erin Schiller at Ticor Title provided some insight during her December 2013 market update. You can view the full report here. Below is an overview. From January 2013 through October 2013, cash transactions were approximately 42% of the resale market in Washoe County. October 2013 had around 35% November 2013 had around 39%. Those numbers are a worry to first time home buyers getting loans but a pleasant surprise to sellers not wanting to deal with appraisal issues. For questions about buying or selling your home in Reno/Sparks contact Ricky … (0 comments)
reno listing agent: When Will There Be More Homes For Sale?
- 01/15/13 11:04 PM
Shadow inventory is the discussion being had in all real estate offices and mortgage data companies. If you've been trying to buy a house or sell one as a traditional sale you know the market conditions. A house goes on the market and is pending in 3 days. Many times for more than the listed price. We know this to be a truth but how long will these conditions last? Are there enough shadow properties to increase inventory beyond the point of the current consumption? Here is what the market experts think. LPS (Lender Processing Services) Foreclosure starts were up 4.6% … (1 comments)
reno listing agent: 32
- 06/01/12 03:47 AM
It's been awhile since I've blogged on here due to trying to keep up with how fast the market is moving.In it's simplistic form supply and demand are way out of whack. As of 10:30 am today, 6/1, there were 32 homes available between $100,000-$150,000 with at least 3 bedrooms in all of Reno and Sparks. The effects of AB 284 are being felt as investors and first time home buyers try to outbid each other. Offers of 5-10% above list price are being rejected as those lucky few who get an accepted offer worry about appraisals. If you have been … (0 comments)
reno listing agent: What are closing costs? Part 5: Seller Closing Costs
- 10/07/11 06:07 AM
Part five of this five part series on closing costs applies to sellers. This series is prefaced with the fact that many closing costs are negotiable and customary costs can differ from city to city. This series is a general overview of what to expect at the closing table. Go to "Part 1: Recurring Closing Costs", "Part 2: Non-Recurring Closing Costs", "Part 3: The Bottom Line", and "Part 4: I Can't Afford Closing Costs" to see what your potential buyers are up against. Just as in purchasing a home, a seller will have closing costs in order to complete a transaction. … (0 comments)
Thanks to the Reno/Sparks Association of Realtors for providing the December 2013 market stats.
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