Greater Reno-Tahoe Real Estate Blog 
Reno Sparks Real Estate - Buyer Market or Seller Market?
Wednesday, February 24th, 2010 at 8:04pm. 69 Views, 0 Comments.
Reno Sparks Real Estate - Buyer Market or Seller Market?
I just pulled a summary analysis from Multiple Listing Service data to help illustrate the market conditions (i.e. is there pressure on prices - up or down) by price range.
Often times when we are representing a home buyer, they initially believe that they will be able to drive a ridiculously hard bargain (emphasis on ridiculous) when negotiating price. This is sometimes true, but in today's market your odds of realizing this dream are much more likely in the higher price ranges only.
The table below shows the Months of Inventory for the Reno/Sparks area broken down by price range.
| Months of Inventory | < $150K | $150-250K | $250-350K | $350-500K | $500K-700K | … |
Reno-Tahoe Real Estate Market Update - Feb 2010
Thursday, February 18th, 2010 at 7:26pm. 171 Views, 0 Comments.
Reno-Tahoe Real Estate Market Update - February, 2010
Review a quick summary of real estate market statistics for key cities in the Reno-Tahoe region. If you are not a subscriber to The Greater Reno-Tahoe Real Estate Report, you can find complete details and charts behind the market statistics outlined below. Feel free to subscribe to The Greater Reno-Tahoe Real Estate Report here - yes, it is free.
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Reno - For January, home sales were up 60% over January, 2009 - 229 homes sold. January's median sold home price was $170,000 - down 15% form January, 2009. This median price represents a recent low - down from $180,000 in December, 2009. Reno Months of Inventory for February is at 6.7 months - down 39% from February, 2009.
- Sparks -…
Reno-Tahoe Real Estate 2009 Recap / 2010 Forecast
Wednesday, January 20th, 2010 at 10:03am. 122 Views, 0 Comments.
Reno-Tahoe Real Estate Market Update - 2009 Recap
Review a quick summary of real estate market statistics for key cities in the Reno-Tahoe region. If you are not a subscriber to The Greater Reno-Tahoe Real Estate Report, you can find complete details and charts behind the market statistics outlined below. Feel free to subscribe to The Greater Reno-Tahoe Real Estate Report here - yes, it is free.
2009 Summary
In summary, 2009 was a year of many changes in the local real estate markets. Reno, Sparks, Fernley, and Dayton all experienced dramatic increases in the number of homes sold over 2008 and Dayton's home sold total was more than 2005 - the peak year of the boom for Dayton. Each of these markets also experienced a continuation of…
Reno-Tahoe Real Estate Market Summary - December, 2009
Thursday, December 17th, 2009 at 10:20am. 344 Views, 2 Comments.
Reno-Tahoe Real Estate Market Update - December, 2009
Review a quick summary of real estate market statistics for key cities in the Reno-Tahoe region. If you are not a subscriber to The Greater Reno-Tahoe Real Estate Report, you can find complete details and charts behind the market statistics outlined below. Feel free to subscribe to The Greater Reno-Tahoe Real Estate Report here - yes, it is free.
- Reno - For November, home sales are up 63% over November, 2008 - 305 homes sold. November's median sold home price was $183,000 - down 17% form November, 2008 but the sixth month above the most recent low of $180,000 in May, 2009 - somthing to note in terms of price leveling. With a 15% decrease in inventory from December, 2008 levels, December…
Reno-Tahoe Real Estate Market Summary - November, 2009
Monday, November 16th, 2009 at 1:27pm. 222 Views, 0 Comments.
Reno-Tahoe Real Estate Market Update - November, 2009
This post provides a quick summary of real estate market statistics for key cities in the Reno-Tahoe region. If you are not a subscriber to The Greater Reno-Tahoe Real Estate Report, you can find complete details and charts behind the market statistics outlined below. Feel free to subscribe to The Greater Reno-Tahoe Real Estate Report here.
- Reno - For October, home sales are up 71% over October, 2008 - 396 homes sold. October's median sold home price was $185,621 - down 23% form October, 2008 but the fifth month above the most recent low of $180,000 in May, 2009 - somthing to note in terms of price leveling. With a 15% decrease in inventory from November, 2008 levels, November Months of…
First Time Home Buyer Credit - Extended and Expanded
Sunday, November 8th, 2009 at 5:13pm. 185 Views, 0 Comments.
Reno-Tahoe Housing Statistics - October, 2009
Wednesday, October 14th, 2009 at 9:05pm. 337 Views, 2 Comments.
Reno-Tahoe Real Estate Market Update - October, 2009
This post provides a quick summary of real estate market statistics for key cities in the Reno-Tahoe region. If you are not a subscriber to The Greater Reno-Tahoe Real Estate Report, you can find complete details and charts behind the market statistics outlined below. Feel free to subscribe to The Greater Reno-Tahoe Real Estate Report here.
- Reno - For September, home sales are up 32% over September, 2008. September median sold home price was $196,000 - down 22% form September, 2008 but the fourth month above the most recent low of $180,000 in May, 2009 - a notable point in terms of a market bottoming phenomenon. With a 13% decrease in inventory from October, 2008 levels and October Months…
Reno-Tahoe Real Estate Snapshot - September, 2009
Tuesday, September 22nd, 2009 at 10:14pm. 439 Views, 1 Comments.
Reno-Tahoe Real Estate Market Update - September, 2009
A few insights into the local Reno-Tahoe real estate market conditions - things have changed quite a lot this year and September appears to be no exception. If you are not a subscriber to The Greater Reno-Tahoe Real Estate Report, you can find complete details and charts behind the market statistics outlined below. Feel free to subscribe to The Greater Reno-Tahoe Real Estate Report here.
- Reno - For August, home sales are up 53% over August, 2008. August median sold home price was $185,000 - down 29% form August, 2008 but the third month above the most recent low of $180,000 in May, 2009 - if this continues, we may have seen the bottom - too early to call! Throw in a 13% decrease in…
Reno-Tahoe Area Real Estate Market Update - August, 2009
Friday, August 14th, 2009 at 1:54am. 517 Views, 2 Comments.
Reno-Tahoe Real Estate Market Update - August, 2009
In this post, I am identifying few key observations based on the current Reno-Tahoe area real estate market. If you are not a subscriber to The Greater Reno-Tahoe Real Estate Report, you can find complete details and charts behind the market statistics outlined below. Feel free to subscribe to The Greater Reno-Tahoe Real Estate Report here.
- Reno - The number of homes sold continues to positive over 2008 levels. 362 homes sold in July, 2009 - a 28% increase over July 2008 levels. Reno median home price for July was $185,000 which is down 29% from July 2008 but stable for the last four months. Months of Inventory is at 8.9 months - down 36% from August, 2008.
- Sparks - Fairly…
Reno - Tahoe Real Estate Update - July 2009
Tuesday, July 14th, 2009 at 8:43pm. 516 Views, 2 Comments.
Reno-Tahoe Real Estate Market Update
Greetings. I have been neglecting my blog posts (understatement) for the last few months. The market has been keeping me quite busy and I have brought on a couple of agents to help me out... so "biz has been good" and it feels good to get back into somewhat of a routine on these posts.
The table below is an extract - June and July 2009 only - of data that feeds The Greater Reno-Tahoe Real Estate Report. For complete trends and statistics, you can subscribe online (free). There are a few key items to point out from this month's market update:
- New Lows on Median Price: Carson City and Dayton are at new "recent" lows since the peak in 2005.
- Transaction Volume: Substantially up in Reno, Sparks,…
