Let’s take a look at Median Price and Days on Market trends over the past 6 months for single family homes in the greater Reno-Sparks area. These statistics exclude condo sales and focus only on single family home sales activity in the region.

According to the Reno-Sparks Association of Realtors, the Reno-Sparks area experienced a 4.3% increase in median price from $345,000 in December to $359,950 in January. This price was 19.2% higher than January of last year, and 29%, or $80,950 higher than January 2016. These year over year increases highlight the strong demand for housing being driven by low housing inventory, continued low mortgage rates and economic growth. We anticipate the median price will continue to increase in the long term, especially in…

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Let's review the Reno-Sparks real estate market, comparing month over month activity from December 2017 to January 2018, and comparing year-over-year to January 2017.

According to the Reno Sparks Association of Realtors, the Median Sold Price for single family homes and condos in the Reno/Sparks area increased by 5.4% to $342,500 through January. There was also was a 19.3% increase when we compare this price to a year ago. This year-over-year change is a better indicator of how the market is performing. One of the largest reasons for the double-digit year over year increase in value is due to the continued low inventory levels and sustained demand from home buyers. We expect that prices will continue to rise until more homes are available in the…

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Buying a new home or selling your current home can be a big decision and choosing a real estate agent you both trust and who is an expert in buying or selling homes in your area can affect the whole experience. Before you decide to use the agent your mom's best friend's daughter recommended, be sure to ask these eight questions to make sure there's a good fit. 

1. What neighborhoods do you specialize in? If you're planning to buy a home in Somersett, you will likely want to work with a Realtor who knows the neighborhood and local amenities. Just because an agent can sell a home in a certain area doesn't mean they will be the best choice for you. 

2. How long have you been a real estate agent? Experience can mean a lot in real estate. More…

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Let's review the Reno-Sparks real estate market, comparing month over month activity from December 2017 to January 2018, and comparing year-over-year to January 2017.

Please contact us if you have any questions or would like to discuss what is happening in our local real estate market.

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With Valentine's Day around the corner, love is in the air. You and your partner may be considering taking your relationship to the next level: home ownership. If that's the case, you may need to consider asking some difficult questions so you're fully prepared for the process of buying a home

  • How much debt do you have? Student loan, credit card, car loan debt, etc., will all come out in the pre-approval process anyway, so you might as well share it with your partner beforehand anyway. It can also be a good idea to meet with a financial planner to see how much home you an afford before starting the home loan process. 
  • Who will own what? If you aren't married it can be tricky to decide who owns what, but this should be decided before any paperwork…

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2018 has started off with a more active market than a typical January. Continued strong demand and low inventory of affordable homes is creating a challenging market in many price ranges and neighborhoods. However, if you’re thinking about moving up to a higher price range, or across town to a new neighborhood, it may be one of the best opportunities to buy or sell a single-family home in Reno and Sparks. Let’s take a look at the details.

There were 528 homes available for purchase at the end of January. This a decrease of 23.8% when compared to December, and down a staggering 51.1% when compared to this time last year when there were 1,079 homes available. Next, we will look at the number of units sold.

Reno/Sparks area Realtors sold 400 single…

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Just Listed! Rare lot for sale in Casazza Ranch development. Build a fantastic home in desirable part of town. Level lot with all utilities available. 10072 Casazza Ranch, Reno, NV 89511. Listed for $250,000

       

    

For more information, click here or call 775-453-4568. 

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