February 2012 Reno/Sparks Real Estate Market Report

reno sparks real estate market stats

Click To View The Report

 

The Reno/Sparks Association of Realtors released their February 2012 market reports. The full report can be viewed by clicking on the picture to the right.

Here are a few snippets for those that don’t have any time to read it.

  • The median sales price rose from $135,000 in January of 2012 to $145,000 in February of 2012.
  • As of February 29th, there were 5.4 months of inventory. Inching closer to a seller’s market as a whole.
  • Properties under $200,000 have less than 5 months of inventory. Making that price range a seller’s market.
  • 453 properties sold in February with 339 being under $200,000.
  • Of those sales 29% had no special condition of sale (regular sale), 42% were REO, 28% were short sales, and 1% were court approvals or “other” sales.

For more information on the Reno/Sparks real estate market feel free to contact Ricky at (775) 750-1437 or Ricky@Resnv.com.

 

 

Ricky Beach

Broker/Owner|RealtorŽ|CDPEŽ|SFRŽ

Renown Real Estate Services

6900 South McCarran Blvd., Suite 3040

Reno, NV 89509

| Office:(775) 313-9600 |  Cell:(775) 750-1437  | Fax:(775) 562-4779  |


| Ricky@Resnv.com  |  Blog  | Search For HomesForeclosure Help  |

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