Greater Reno-Tahoe Real Estate Blog 
Reno-Tahoe Real Estate Update : April, 2012
Tuesday, April 17th, 2012 at 9:54am. 151 Views, 1 Comments.
Reno-Tahoe Real Estate Market Snapshot - April, 2012
Welcome to the April, 2012 market update. There are a few key observations that I want to point out for this month's report. If you are actively buying or selling a home now, you may be familiar with some of these conditions; if you are not, this may be helpful for your near term plans. See below:
- Inventory Levels - The local markets have become short on inventory. For the last 3-4 years, January would mark the low water mark for inventory for that year. In those years past, the inventory levels would rise from between 100 to 200 homes by April (August is historically the peak month for inventory). This year, we are seeing the inventory levels DROP slightly from January to April…
Reno-Tahoe Region - Real Estate Update : March, 2012
Wednesday, March 14th, 2012 at 1:55pm. 612 Views, 0 Comments.
Reno-Tahoe Housing Market Update - March, 2012
Welcome to the March, 2012 market snapshot. The February/March market stats are, for the most part, a continuation of conditions we have been seeing for some time. From a 'feet on the street' perspective, all of our agents are seeing a marked increase in competition among buyers in the price ranges at $150K and below. This phenomenon, of course, leads to buyers having to pay list price or over in order to secure those properties that present the best value. Even though the market is not yet in a price appreciation mode, it feels like price stabilization/appreciation at the lower price ranges is not far off.
AB 284 Progress Update (Foreclosure Market Segment)
For more background on…
Reno-Tahoe Housing Update - Feb. 2012
Monday, February 13th, 2012 at 9:39pm. 687 Views, 0 Comments.
Reno-Tahoe Housing Market Update - February, 2012
This blog post will summarize January, 2012 sales results. 2012 has started off with a bang! Not only a continuation of 2011 but with some increased velocity to go with it! Each of the larger markets: Reno, Sparks, Carson City, and Douglas County (Carson Valley) show increases in year over year sales (from 7% to 68%) and all have (for the first time since I have been publishing this blog) also had "trough" median prices (down from 9 to 19% from January, 2011). On the bright side for home owners is the fact that Months of Inventory is in the 5 - 7 month range for each of these markets except Carson Valley at 7.8 months. After a brief update on AB-284, I have outlined some key market stats for…
2011 Reno-Tahoe Housing Market Recap
Tuesday, January 17th, 2012 at 10:43pm. 547 Views, 0 Comments.
Reno-Tahoe Housing Market 2011 Year-End Recap
It's now mid January and with everything getting back to busines as ususal in 2012, it is time to look back onto 2011 from a real estate perspective to see how the year compares to others in our recent history. If you are a regular reader of my blog, you are no stranger to the trend of decreasing home values and increasing sales volumes over the last few years. With 2011 in the books, I am excited to write about how some of the trends shape up. See the table below for starters!
2011 Year End Highlights
Median Price
(2011 to 2010 and 2011 to Peak Years)
| City | 2010 | 2011 | % | Peak Year | Peak Price | 2011 | % | |
|---|---|---|---|---|---|---|---|---|
| Reno | 180,000 | 158,000 | (12.2%) | … |
Reno-Tahoe Housing Market Statistics - December, 2011
Thursday, December 15th, 2011 at 5:35pm. 942 Views, 0 Comments.
Reno-Tahoe Housing Market Update - December, 2011
Welcome to a summary blog posting of current housing market conditions and metrics for December, 2011. In general, the trends that have been established throughout this year are carrying over into December: strong increases in year over year home sales while pricing continues to decline over the same period in 2010. Below is a summary of each local market and a link back to The Greater Reno-Tahoe Real Estate Report which you can view in full detail online. If you would like to be alerted by email each month, you can also subscribe from the same link.
AB 284 Impact Summary
In last month's blog post, I gave a summary overview of the AB-284 bill and how it has caused an abrupt halt to…
Reno-Tahoe Housing Market Statistics - November, 2011
Sunday, November 13th, 2011 at 1:45pm. 1006 Views, 0 Comments.
Reno-Tahoe Housing Market Statistics - November, 2011
Welcome to a summary blog posting of current housing market conditions and metrics for November, 2011. In general, the trends that have been established throughout this year are carrying over into November: strong increases in year over year home sales while pricing continues to decline over the same period in 2010. Below is a summary of each local market and a link back to The Greater Reno-Tahoe Real Estate Report which you can view in full detail online. If you would like to be alerted by email each month, you can also subscribe from the same link.
AB 284 Impact Looms on Horizon
In May, 2011, Nevada passed a law (Nevada Assembly Bill 284) with the objective to eliminate…
Reno-Tahoe Real Estate Trends - October, 2011
Wednesday, October 19th, 2011 at 5:37pm. 874 Views, 0 Comments.
Reno-Tahoe Real Estate Trends - October, 2011
This blog post covers a high level market overview for Reno-Tahoe area residential real estate. To see the charts and tables behind this summary, subscribe to The Greater Reno-Tahoe Real Estate Report, view or sign up here to see a lot more detail and get a notice each month when the report is updated.
- Reno - During September, home sales were up 22% from September, 2010 - 377 homes sold. September's median sold home price was $155,000 - 11% below September, 2010 and within $1,000 of the median price from each of the last four months. Reno Months of Inventory for October is at 7.4 months - 1% lower than October, 2010.
- Sparks - Sparks homes sold in September totaled 176 (up 23%…
Reno-Tahoe Housing Market Statistics - September, 2011
Wednesday, September 14th, 2011 at 5:23pm. 929 Views, 0 Comments.
Reno-Tahoe Real Estate Trends - September, 2011
After reviewing market activity for sales volume and prices for August, 2011, all markets (Tahoe excluded) are following the same trend - sales volume is markedly up from one year ago and median price is consistently down from one year ago. In a simple world, the increase in sales volume would begin to impact inventory and prices would stabilize and eventually begin to rise. Due to the high volume of distressed homes being sold (most markets in the 50-70% range of total sales), and a steady stream of new foreclosure and short sale listings, median price continues to be under downward pressure. Below is a short summary by market. Full details are in The Greater Reno-Tahoe Real Estate…
Reno-Tahoe Real Estate Report - August, 2011
Monday, August 15th, 2011 at 6:42pm. 852 Views, 0 Comments.
Reno-Tahoe Real Estate Trends - August, 2011
Last month, I put a spotlight on how the local real estate markets were shaping up at the mid point of 2011. Now that we have recorded sales for July and are one month into the second half of 2011, we can finally start to answer some questions about how the real estate market is functioning on a year over year basis WITHOUT the federal tax credits which expired June 30, 2010. I put together a summary table below showing how July-11 compares to July-10 for local markets.
July, 2010 to July, 2011 Comparison Summary
Percent Change (year over year)
| City | Homes Sold | Median Price |
| Reno | 19% | -18% |
| Sparks | 26% | -14% |
| Carson City | 75% | -22% |
| … |
Spyglass Estates Homes for Sale - Reno, NV
Thursday, July 14th, 2011 at 2:36pm. 753 Views, 0 Comments.
Spyglass Estates Homes for Sale - Reno, NV
Track all Spyglass Estates home listings for sale in Reno, NV. All Spyglass Estates property listings on this page are downloaded daily from the Reno/Sparks MLS used by local Reno real estate agents.
Here are some specifics about Spyglass Estates: When I created this blog entry on July 14, 2011, Three homes were listed for sale in the Northern Nevada Regional MLS and Two sold in the last 6 months.
The highest priced home for sale features:
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The lowest priced home has the following characteristics:
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