reno real estate: 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 HomePath.com 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 real estate: Reno/Sparks Homes and Real Estate Market Report December 2011
- 01/29/12 04:23 AM
Summary 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)
reno real estate: Investors With Cash Place Downward Pressure on Home Prices
- 01/25/12 03:22 PM
Homebuyers with enough cash in hand to cover their offer price in full are able to bid significantly lower on properties and according to a new industry report released Monday, because they offer a shorter and more reliable closing timeline without the impediments of a mortgage, appaisal, underwriting time, they often win out with that lower bid. A study found that this low-bid-winning dynamic is particularly true for distressed properties because mortgage servicers selling foreclosed or REO homes generally prefer transactions that can close within 30 days. The total share of distressed properties in the housing market in December, as … (5 comments)
reno real estate: Google Maps Adds Public Safety Alerts to Search Results
- 01/25/12 07:45 AM
Google Maps Adds Public Safety Alerts to Search Results Google has launched a new alert system called Google Public Alerts today that helps you keep track of severe weather in your area.<!-- %JUMP:More »% --> The new feature integrates directly into Google Maps so that if you search for directions you'll automatically get a warning about severe weather, earthquakes, or any other natural disaster. The new alert system links back to the warning so you can see exactly which areas are affected and what you should do. It currently pulls data from the US National Oceanic and Atmospheric Administration, the National … (0 comments)
reno real estate: Reno/Sparks Homes and Real Estate Market Reports October 2011
- 01/12/12 02:53 PM
Summary: October home sales in Washoe County are the fourth highest home sales for an October in history and outpaces October 2010 by 15 percent. This is the first month where the year-over-year comparison is not influenced by the tax credit incentives, thus a positive sign that sales remain healthy. Also, we have seen only moderate fluctuations in median price for the past seven months. With the majority of new listings entering the market at the under $150,000 and a majority of sales occuring in this same price range, we are cautiously optimistic that prices are at the bottom. Reno/Sparks … (0 comments)
reno real estate: Your 2012 Resolution - Buying A Home!
- 01/02/12 01:31 PM
If you are thinking of buying a home this year, the interest rates and home prices are even better than they have ever been. Now is the time to begin the home buying process. Here are four steps to make this process workable and easy for you. Choose a financing program. Find a home you feel you can afford. Negotiate the transaction through your real estate agent. Conclude the process through closing. The first important step is to meet with a lender to be approved for a mortgage loan. You will need to gather your last 2 years income tax … (0 comments)
reno real estate: Reno/Sparks Homes and Real Estate Market Report November 2011
- 01/02/12 01:52 AM
Summary November sales are up 22% over last year and year-to-date home sales have exceeded 2010 by 10%. We have also seen relative stable prices for the past seven months. These are positive indicators for the residential housing market. Reno/Sparks Homes Median Sales Price November 2011 median price was up less than 1% to $149,506 compared to $149,000 in October 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 Price per Square Foot Solds Price per square foot is at $88.30. … (0 comments)
reno real estate: Reno-Sparks Homes and Real Estate Report September 2011
- 11/03/11 02:43 AM
Summary: The Reno/Sparks market has had record or near record year-over-year sales for the past ten months. We have to go back to September 2003 to find a stronger September sales month. The consistent trend of improved sales month-over-month and year-over-year seems to be the new normal as savvy buyers see this as an excellent time to buy. Reno-Sparks Homes Median Sales Price September 2011 median price was down 2.6% to $150,000 compared to $154,000 in 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 … (0 comments)
Reno-Sparks Homes and Real Estate Summary: Washoe County sales are the highest they have been for an August since August 2005. The median sales prices are up and continue to settle indicates we may just be at the bottom. Market conditions, of course, will continue to be influenced by high unemployment. Although there are media reports of a 'double dip' recession, the current median sales price and historic low interest rates make this a good time to buy, especially for those that have been on the fence! Reno-Sparks Homes Median Sales Price August 2011 median price was up 2.7% … (0 comments)
reno real estate: Reno-Sparks Homes and Real Estate Report July 2011
- 08/25/11 12:04 PM
Reno-Sparks Homes and Real Estate Summary: Our year-over-year number of home sales indicates more buyers and investors are realizing it is an opportune time to purchase a home versus a year ago. In a recent story by 'Business Insider', Reno was named as the 8th best housing market for the next five years. The data provided by Case Shiller Indexes projected an annual growth from 2011 to 2016 to be 9.3 percent. Reno-Sparks Homes Median Sales Price July 2011 median price was down 2.2% to $150,000 compared to $153,400 in June 2011 Median price is defined as the mid-point, where, … (0 comments)
North Valleys Regional Park is located in the Sky Vista Subdivision in the Community of Stead I was in the Sky Vista subdivision on Wednesday previewing some homes for an out-of-state client. I have sold several homes in the area and I love everything about the neighborhood. On this visit I decided to check out the North Valleys Regional Park and take some photos to provide information to prospective buyers on the Sky Vista neighborhood and Stead. The park offers sweeping views of the Peavine Mountain Range and a panorama of high desert open space. The regional … (0 comments)
reno real estate: Reno -Sparks Homes and Real Estate Market Report April 2011
- 05/31/11 03:51 AM
Summary: We are continuing to see settling in the median price. The news is "the affordability door is open to buyers". This means that a two-income household, earning approximately $10 per hour each, can now afford the median priced home in the Reno/Sparks area. Reno-Sparks Homes Median Sales Price April 2011 median price was down 3.1% to $155,000 compared to $160,000 in March 2011. The median sales price continues to settle from the prior month. For the past eight consecutive months median price has been lower than the prior year-over-year median. Median price is defined as the mid-point, the price … (0 comments)
reno real estate: Reno-Sparks Homes and Real Estate Market Report January 2011
- 02/26/11 09:11 AM
Summary: The year has started on the right foot with a continued lateral trend in year-over-year median sales price. With a less volatile price movement, both buyers and sellers can anticipate and plan appropriately with a sense of stabilization in the market. We experienced the second highest number of home sales for the month of January in the past decade. Although it was a drop in sales month-over-month, we can attribute the drop in numbers to the fact that many buyers rushed to purchase a home in December for the tax implications. It is fairly normal to see this type … (0 comments)
reno real estate: Reno-Sparks Homes and Real Estate Market Report November 2010
- 12/29/10 04:12 PM
Summary We continue to see a mostly sideways trend in year-over-year median sales price. As we approach 2011, we are hopeful that these trends will continue in the new year and the median sales price movement becomes less volatile. This stabilization will assist buyers and seller alike.
Reno-Sparks Homes Median Sales Price November 2010 median price was down 3.4% to $169,000 compared to $174,950 in October 2010. The median sales price has remained relatively stable for the past eighteen months. Median price is defined as the mid-point, half of the sales for the time frame are below and … (2 comments)
reno real estate: Reno-Sparks Homes and Real Estate Report July 2010
- 08/24/10 05:15 PM
Reno-Sparks homes and real estate report is your insight into the housing market, sales, listings, bank owned and short sales statistics. Summary In July, we experienced an anticipated letdown in the number of existing home sales following the five year record set in June which was driven by the deadline to close sales qualifying for the $8000 tax credit by June 30. The July numbers for new pending sales remain strong; an important leading indicator for the coming months that indicate continued demand for resale homes. Pending sales taken together with the rise in the July 2010 median sales price … (0 comments)
The housing market is still thriving in Fernley, a total of 53 sales for the month of September. It is crunch time for the $8000 First Time Homebuyer Tax Credit.
The golf course community had 5 sales as follows: 4 bank owned list price high $143,000 low $77,900 average $100,460 Sold price high $143,000 low $81,400 average $109,980 Average days on market 56 days, average $66.00 sq.ft.
1 short sale listed for $139,900 sold for $139,000
The rest of Fernley had 47 sales:
29 bank owned: List price high $160,000 low $48,900 average $82,463 Sold price high $168,000 low $48,000 average $85,889 … (0 comments)
The 2nd quarter sales were reported at 146 up 28% from the 1st quarter 2009 and up 74% over the 2nd quarter 2008. June ended the month with 62 sold transactions as compared to 43 for the month of May – a 42% increase over the previous month and a 158% increase over the same period last year. June 2008 reported sales were 24 the second lowest months of reported sales in 2008. Of the homes sold in June, 4 were Short Sales and 49 were Bank Owned. This means that 85.5% of properties sold in … (0 comments)
reno real estate: Fallon, Nevada Real Estate June 2009
- 07/07/09 02:11 AM
Fallon is still pacing itself, but the bank-owned properties and short sales are increasing. The month of June had 21 sales, 18 stick built and 3 manufactured homes. 18 stick built homes sold, 10 were bank-owned List price high $185,000 low $14,500 average $99,390 Sold price high $186,000 low $12,000 average $100,750. Average days on market were 135 days with average of $68 per square foot cost. 1 short sale sold, it was listed for $150,000 and sold for $153,000 7 regular seller sales, List price high $499,900 low $66,500 average $202,428 Sold price high $463,000 low $65,000 average $191,842 All 3 … (0 comments)
In the golf course there were 5 sales: 4 bank-owned sales $87,000 $109,600 $128,000 $175,000
1 short sale listed for $117,000 and sold for $117,000
The 52 sales in the rest of Fernley were as follows: 43 bank-owned sales List price high $255,900 low $44,900 avg. $117,691 Sales price high $$255,500 low $48,000 avg. $117,087 Average days on market were 97 days with an average sq.ft. Price of $66. The bank-owned homes are selling for more than asking because of demand and multiple … (0 comments)
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