Here are the latest market stats for Reno, Sparks, Carson City, Minden, Gardnerville and Topaz and other Nothern Nevada areas.

These stats reflect what has happened in the market up until the end of the previous month (June 2022).  Market stats for July will be sent to you in the middle of August



If you'd like an even more local report on real estate in your neighborhood, please reach out to me via social media, text, email or phone and let me know you'd like a Homebeat. I'll send you monthly updates on what is happening right in your neighborhood.

Please note that the arrows represent an up-or-down in the values, not whether it is 'good' or 'bad'. For example, days on contract may show a red arrow but that means that properties are selling faster than…

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Published in the Nevada Appeal

The sudden surge in mortgage interest rates has all but scuttled the once-trendy mortgage refinance business at some regional banks, and it’s also created a much-needed buffer for prospective homebuyers scouting the market for suitable properties.


In June 2021 the average mortgage interest rate was a historically low 2.98 percent. This June interest rates spiked to 5.83 percent – a jump that translates into $1,000 more in monthly mortgage payments for the median home price of $557,250 in Greater Reno-Sparks, said Sarah Scattini, president of the Reno-Sparks Association of Realtors. At the lower interest rate, the mortgage payment for a loan of that size would be $2,343. That same home loan cut last month would be…

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This perfect, turnkey unit is in a fantastic location in Southwest Reno. With 2 bedrooms and 2 bathrooms, the unit has a front private paver patio and a rear wood deck.


The home has upgraded flooring(luxury vinyl plank), new windows, a new patio slider door, a newer furnace, A/C, and a new water heater. The seller is also including the washer, dryer, and refrigerator. This unit is in great shape! Reach out for details or to schedule your tour.

3111 Cashill Blvd

$310,000


3111 Cashill Blvd Property Photo 1






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In June 2019, Reno/Sparks Median Home Prices hit a record high at $400,000. 3 years later (in the midst of much uncertainty) Median Sales Price in Reno/Sparks is $549,900. Perspective is key when looking at the market overall. Keep in mind that all stats are compiled after closing, which can be 30-60 days after contract, so there is a lag in data. May be an image of text 22

 

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The benefits of a mortgage-backed by the Department of Veterans Affairs continue beyond the day your loan closes. You can lower your rate, tap into your home’s equity or even bring your conventional loan into the VA program by refinancing.

Two types of VA refinances

You can refinance your VA loan in two different ways:

  • With an interest rate reduction refinance, also known as a VA streamline.
  • With a VA cash-out refinance.

Interest rate reduction refinance loan

The interest rate reduction refinance loan “is envisioned as a low-impact, no-frills refinance that exists to get veterans into a lower interest rate,” says Chris Birk, director of education with Veterans United Home Loans in Columbia, Missouri.

To refinance into an IRRRL,…

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