Great news, the Ferrari-Lund 202 Year-End Market Report is now out!! This report will give you an update on the Reno/Sparks real estate market through the fourth quarter of 2020. You will find information about prices over time in different parts of town, and market stats for various areas in our region.
Click to preview the Ferrari-Lund the Annual Market Report!
Can you believe the median sales price for Reno is $500,000? The Ferrari-Lund market report has detailed some of the area's numbers and The Reno Gazette-Journal (RGJ) recently reported that "the median sales price for an existing single-family home in the city of Reno - not including the city of Sparks - was a record $500,000 in December." See RGJ Online News
Northern Nevada housing markets saw substantial year-over-year gains during 2020 but only Reno, NV exhibited the greatest year-over-year increase coming in with a 23.5 percent gain. Please watch the video from the President of the Reno-Sparks Association of REALTORS President, Gary Macdonald for additional Reno-Sparks Real Estate statistics:
The real estate market does not show any signs of slowing down and while this is very positive news for Sellers, it has been taxing on Buyers with little to no inventory to choose from and multiple offers on most new properties that hit the market.
As a Buyer, it is imperative that you and your agent are super knowledgeable about the local market, that you are ready to act quickly, and that you have all your documents for loan or proof of funds ready with your offer. I can help you with this. For a copy of my Free Home Buyers Guide, just email me at Terrie@terrieleighton.com.
As a Seller, you must work with a competent, relevant advisor who is entrenched in the market, understands the importance of how to showcase property, and screen serious buyers. I can help you with this. For a copy of my free Home Sellers Guide, email me at Terrie@terrieleighton.com.
If you would like to receive a copy of the annual market report, let me know and I will send you a copy! I can be reached at 775-846-5424 or by email Terrie@terrieleighton.com