DSNews.com came out with a story yesterday about the top CBSAs. The article can be viewed here.
The article stats that the typical sale to list price ratio is between 92%-98%. The top markets are now seeing homes selling above that threshold and even above list. Reno came in at #4 in the country for markets with high sale to list price ratios.
So how high is the ratio? We’ll use our more recent full months of stats, April 2013.
Homes under $500,000 sold for 99.83% of the list price.
Homes under $250,000 sold for 100.59% of the list price.
Homes under $150,000 sold for 101.09% of the list price.
Homes under $100,000 sold for 102.08% of the list price.
What this data means is buyers need to have their game faces on when putting in an offer while sellers can expect multiple offers if their home is priced right.
For more information on selling or buying a home in Reno or Sparks contact Broker Ricky Beach at (775) 750-1437 or Ricky@Resnv.com
Built in 2004 with newer laminate flooring installed. RV access to the side and backyard includes a large storage shed. Additional concrete slabs in driveway for more room.
Both front and back yard are limited maintenance for ease of living.
The kitchen flows to the living room which boasts a ceiling fan and gas fireplace for comfort. The master has an additional walk out to the backyard and the two additional bedrooms are hidden away from the living room for those quiet times.
For more information contact Broker Ricky Beach at (775) 750-1437 and Ricky@Resnv.com and watch the video below.
Ticor Title sent out the updated historical foreclosure stats up to April 2013.
You can view the graph by clicking the picture to the right.
Below is an overview:
NODs (Notice of Default) inched up to 287
NOSs (Notices of Sale) were down a bit but still higher than the past 9 months
TDs (Trustee’s Deeds) stayed about average for the past few months.
New REO listings went up a few
Overall, pretty expected numbers. The NODs continue to stay in the 200′s so the banks are going ahead and beginning foreclosure before AB300 passes. Hopefully, this adds some inventory in 12-14 months.
For more information on buying or selling in Reno and Sparks contact Broker Ricky Beach at (775) 750-1437 or Ricky@Resnv.com