reno homes: Reno/Sparks Homes and Real Estate Report June, 2014 - 08/13/14 12:04 PM

Reno/Sparks Homes Sales are the Third Highest June in History Exceeded only by June 2010 and June 2005. Reno/Sparks Median Home Sales Price June, 2014 median home price was up 4.2% to $250,000, compared to $240,000 in May, 2014 and up 11.1% compared to $225,000 in June, 2013. Reno/Sparks Homes Sold June, 2014 homes sold was up 1.1% to 548 compared to 542 in May, 2014 and up 3.2% compared to 531 in June, 2013. Reno/Sparks New Listings June, 2014 new listings was down -8.1% to 701 compared to 763 in May, 2014 and down -6.3% compared to 748 in … (0 comments)

reno homes: Reno, Nevada Ranked #9 Top 100 Places to Live! - 10/24/13 12:05 AM

All the reasons RENO made the #9 spot, are all the reasons that us that are lucky enough to live here, LOVE RENO!
Known as the "The Biggest Little City in the World", Reno is as much an outdoor recreation mecca as it is a casino city.  Reno is about 450 miles from Las Vegas, but it's considered a gaming and nightlife destination in its own right with several casinos and showplaces.  It truly shines, however, with an abundance of year-round recreation from snow skiing to mountain biking.  Reno is also home to Nevada's oldest university, the University of Nevada Reno … (0 comments)

reno homes: Nevada's Property Tax System - 07/30/13 02:30 PM

How The Tax Rate is Determined
The tax rate is proposed in April of each year based on the budgets prepared by the various local governments:  counties, cities, school districts and special districts such as fire protection districts, etc.
Local government budgets, effective with FY 2005-2006, are constrained by the amount of revenue that will be generated under the partial tax abatements which limits the increase in property tax to 3% for single family residences and no more than 8% for other property.
As a result of the partial property tax abatements, a local government may determine that an … (0 comments)

reno homes: Reno and Sparks, Nevada Homes and Real Estate Report June 2013 - 07/12/13 01:04 PM
Median home price is up 22% year-to-date.  Buyers who continue to wait for home prices to decline, while interest rates have been increasing for the past five months, are  likely to lower their purchasing power. Summary: The fact remains that we are still in a seller's market and the demand for homes is very high.  This demand is mostly made up of homes in the under $250,000 price range.  In June 2013, 62 percent of the homes sold were priced at or below the $250,000 price.  Home buyers need to understand that if they continue to wait for home prices … (2 comments)

reno homes: Short Sale Financing.....Don't Do This - 07/07/13 01:51 PM

Are You Buying a Short Sale and Thinking of Getting Creative With Your Offer?
Low inventory and rising prices have created a situation where multiple offers in the Reno, Sparks and Fernley markets are increasingly common.
Buyers who are using financing are being out bid by the cash buyers.  So, some buyers (with the help of their agent) know that sellers are looking first to cash offers then conventional financing when reviewing multiple offers.
If your agent suggests to you to submit your offer with more favorable financing and then change your financing later, don't do it.  Unless, you … (0 comments)

reno homes: Reno-Sparks Homes and Real Estate Report May 2013 - 06/19/13 12:25 AM

Reno and Sparks, Nevada Market Report May 2013. If you are looking to buy or sell a home, read the report for statistics on sales, new listings and median price. Summary The May median sales price is at 2003 levels. In May 2003, interest rates were 5.48% compared to today's average interest rate of 3.54%, which for the current median price saves home buyers $230 per month with 5 percent down on a 30 year fixed loan. With low inventory levels, we anticipate this trend to continue at least through the end of the year. Reno/Sparks Median Home Sales Price … (0 comments)

reno homes: Reno, Sparks Nevada Homes and Real Estate Report April 2013 - 06/05/13 05:00 AM
  To Buy or Sell a Home In Reno/Sparks Nevada Call Sandra Today (775) 287-8222 Summary Properties less than $250,000 are the most desirable and continue to be scarce in our region, therefore we are seeing an increase in median sales prices. Although 55 percent of new listings in April were less than the $250,000 there is an inventory shortage in this category creating a high demand that the supply cannot accommodate. It is not unusual for homes in this price range to receive more than 10 offers that exceed the asking price. Reno/Sparks Homes Median Sales Price April 2013 median … (0 comments)

reno homes: Reno Sparks Homes and Real Estate Report February 2013 - 03/17/13 08:29 AM

Are you looking to buy or sell a home in Reno or Sparks?  Call Sandra for professional consultation  (775) 287-8222).
Summary As inventory continues to be scarce, we are experiencing month-over-month increases in median home sales prices. This scarcity is also creating a high demand for homes causing the number of existing home sales to also increase. As northern Nevada's weather continues to get warmer, we are cautiously optimistic that sales numbers will continue to rise in the next few months. Reno Sparks Median Home Price February 2013 median home price was up 5.6% to $190,000 compared to $180,000 in … (2 comments)

reno homes: Reno Tri-Plex SOLD - 03/16/13 08:21 AM

This Old Reno Southwest Tri-Plex has recently SOLD for $292,000.
The property located at 3683 Grant Dr., consisted of three, 2 bedroom, 1.5 bath units each unit at 952 square feet. Each unit had it own one car garage.
Located in one of the best areas of Reno, Old Southwest, just off Moana and S. Virginia. You could walk to Old Town Mall, shopping, restaurants, and professional medical offices. Two shopping centers are located across the street, one with a day-care center. Reno bus transit stops right on the corner.
This was a great investment opportunity and a California … (2 comments)

reno homes: Reno Sparks Homes and Real Estate Report November 2012 - 12/25/12 02:43 AM

Reno Sparks Median Home Price Rises 23%. Your Guide to Buying or Selling a Home in Reno Sparks Nevada!
Although we are experiencing a limited supply of homes for sale, we saw very little change from the number of homes sold in November 2012 versus November 2011. We also are continuing to see the demand for homes on the rise as shown in the increase in median home price by 23 percent from November 2011 to the current level of $182,500. The high demand also continues to put pressure on the inventory of available homes for sale. Reno Sparks … (0 comments)

reno homes: Reno, Nevada Top 10 Great Places to Retire ! - 12/12/12 11:32 AM

The national magazine, "Where to Retire" will profile Reno as a "hot town to snap up bargains now" in the January/February edition.  The magazine is aimed at guiding retirees on where to move has recently named Reno one of its eight top retirement destinations.
The bi-monthly Texas based magazine will be on sale Dec. 18, and will be available for sale on-line or at Barnes and Noble book sellers.
The magazine's editor, Mary Lu Abbott, praised Reno's current housing prices and outdoor activity options.
"Reno has so much to offer active retirees, for the cultural scene to casino action complemented … (1 comments)

reno homes: Reno Sparks Homes and Real Estate Market Report September 2012 - 11/14/12 10:52 PM

Looking to buy or sell a home in Reno or Sparks?  Here is the latest real estate market information.
With the volume of sales and pending sales, we have been depleting the available existing inventory. It's normal to see a downturn in home sales after the school year starts, but the drop in sales is also impacted by the low inventory. Reno Sparks Homes Median Sales Price
September 2012 median price was up 1.7% to $178,000 compared to $175,000 in August 2012 and up 19.5%. Median price is defined as the mid-point where for the time period … (0 comments)

reno homes: Reno Sparks Homes and Real Estate Market Report August 2012 - 10/11/12 08:32 AM

Reno Sparks Homes and Real Estate Market Report, Your Guide to Buying and Selling a Home in Reno Sparks!
Reno Sparks Homes Median Sales Price
August 2012 median price was up 6% to $175,000 compared to $165,000 in July 2012 and up 13.6% from August 2011. Median price is defined as the mid-point, where, for the time period identified, the price for one-half of the sales are higher and one-half are lower. Reno Sparks Number of Homes Sold
August ended the month with 517 sold transactions, up 1.6% from the prior month and down 6.8% from the same period … (0 comments)

reno homes: Reno Sparks Short Sale Buyers Beware Banks Upping the Sales Price! - 09/26/12 01:33 PM

Reno Sparks Short Sales Alert!
Twice this week, I have been informed that the short sale lender wants more money than the short sale contract price. Not just a little more, but more than $10,000!
As real estate agents we price our listings according to the recent market sales and should put in a little extra to keep up with the increasing values during the process.
Apparently, the lenders are taking the market activity and increased values too seriously.
I have the buyer on one that the listingagent listed for $128,500 and the recent comps still support that price … (0 comments)

reno homes: Buyer Question - What Do You Mean Waiting For a Better Offer? - 09/10/12 02:00 PM

I am working with a very nice  buyers trying to find them a home in our market that has changed. 
We have gone from over supply to multiple offers and both types of markets are frustrating.
Last weekend my buyers found a home they really liked.  I contacted the listing agent and asked about the seller's availability and how soon we could expect a response.  The agent said to give him 5 days at least. 
This is an exceptional home in an upscale neighborhood and it is not going to be an easy short sale. In fact it probably has about … (4 comments)

reno homes: Which is Better: A Rental or Your Own Home? - 08/28/12 02:09 PM

Are you wondering if now is a good time to buy a home in Reno or Sparks
Whether renting is better than buying depends on many factors, particularly how fast prices and rents rise and how long you stay in your home. Compare the costs of buying and renting a home in the calculator below. Check the advanced settings button to change inputs such as your rate of return on investments, condo/common fees and your tax bracket.
Owning your own home definately has these advantages:
Better place to raise your children 88%
Better for your family's safety 83%
Better for … (0 comments)

reno homes: Reno Nevada Real Estate Tri-Plex For Sale $325,000 - 08/21/12 01:50 PM

Reno, Nevada Real Estate For Sale INVESTMENT OPPORTUNITY!
This well maintained and updated Tri-Plex at 3683 Grant Street in Reno is FOR SALE!
The long time owners are wanting to retire and have put this Tri-Plex in a private complex up for sale.
Comprised of three TWO bedroom 1.5 bath units with attached garages.  All units have 3 ceiling fans, fireplaces, mirrored closet doors in bedrooms and recent carpet changes.
Many capital inprovements have made such as a new roof in 2011, new hot water heaters, new A/C and gas forced air units in addition to kitchen remodeling, countertops, … (0 comments)

reno homes: RE/MAX 5 Top Mistakes Home Sellers Make - 02/16/12 10:17 PM


reno homes: Fannie Mae Now Accepting Online Offers for REO's - 02/09/12 04:22 PM

Reno/Sparks and Fernley Homes and Real Estate News.
Fannie Mae announced Tuesday that is has expanded its online system to accept purchase offers for all its REO's listed for sale.
Real estate agents will now submit offers online on behalf of buyer clients, receive receipt confirmation, and track the status of submitted offers through the website. HomePath is the GSE's REO disposition operation.
In Novelmber 2010, Fannie Mae launched the HomePath Online Offers pilot in Orlando, Florida; San Diego, California; and Detroit, Michigan. Active Data Technologies, Inc., the developer of the offer platform, commented just five months after the … (2 comments)

reno homes: Reno/Sparks Homes and Real Estate Market Report December 2011 - 01/29/12 04:23 AM

December home sales at 524 are the highest home sales for a December in history. This number outpaces December 2010 sales by 8% and is up 6.1% from November. Year-end sales for 2011 were the second highest in the history of the MLS. We are optimistic that these are early and positive signs of a move toward recovery. Reno/Sparks Homes Median Sales Price
December 2011 median price was up 3.9% to $155,400 compared to $149,506 in November 2011. For the past two months we have seen moderate increases in median sales price. It is too early to call it … (0 comments)

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Sandra Mathewson


Grand Junction, CO

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