Reno Real Estate Cheat Sheet for July 2015

Posted on August 19, 2015 by Ricky Beach

Our cheat sheet numbers are out.

You can view the whole report by clicking the pictures to the right or through here… July 2015 Cheat Sheet

Homes between $100,000 and $200,000 are moving quickly with a median days on market of 61. They’re also getting 100% of their asking price.
$200,000-$300,000 has 1.2 months of inventory. That bumped up a little but it’s still a strong seller’s market.
$300,000-$400,000 seems to have softened a little. The list to sales price ratio is at 99% but I’ve been noticing more price reductions to get those offers. Sellers are starting out really high and buyers aren’t playing the game anymore.

Reno Foreclosure Stats for July 2015

Posted on August 19, 2015 by Ricky Beach

Thanks to Ticor Title for the updated statistics…

You can view the whole report by clicking on the picture or through here… July 2015 Foreclosure/Market Trends

Foreclosure starts stayed at 100 for the month. Same as last month.
Notice of Sale or the warning before foreclosure went up three but still wasn’t the highest in the past year.
Courthouse sales dropped by 7 to 50.
There were only 18 new REO listings that hit the market. Remember we were in the hundreds per month during the crash.

Overall, not much to see here.

Real Estate Stats for July 2015

Posted on August 4, 2015 by Ricky Beach

Thanks for the Reno/Sparks Association of Realtors for the updated stats.

You can view by clicking the picture or through here... July 2015 Stats

Below is an overview...

The median sales price jumped again after dropping last month. Up 4.7% from June to $291,990. That's up 16.8% from last July. Yep, the market is still going up.
There were 593 sales. Down 9% from the previous months but up 12% from last year. The low month's supply of inventory from caused this.
783 new listing which wasn't much of a change from June or last year.
The months supply of inventory rose to 3.2 months from 2.9. No real change as it's still a seller's market.

For more information on being prepared to buy or sell in our market, watch the following videos from the links below or give us a call.

June 2015 Reno Real Estate Stats

Posted on July 29, 2015 by Ricky Beach

Thanks to the Reno/Sparks Association of Realtors for the updated stats.

You can view the whole report here… June 2015 Stats

Below are the major points with commentary.

The median sales price dropped (2.3%) to $278,500. Whoa, Nellie! Not a big worry. This happened in September 2014 and it jumped 8% the following months. Hopefully, it is a sign that the market is steadying.
The average price per sqft for sold properties was $159. Smaller homes, 1300-1400 sqft, in newer areas can hit $190 to $200 per sqft.
There were 622 sales which is the highest number since mid-2013.
The average days on market was 84 days. 72 days for regular sales. Take away 35-45 days for negotiating and escrow and you’ll get the average market time before an accepted offer.
766 new listings kept pace with the past two months. 94% of these were regular sales so the distressed market is still non-existent.
The month’s supply of inventory hit 2.8 months. From our cheat sheet… higher priced homes take longer to sell and the under $300,000 market is 1-2 months of inventory.

No surprises other than the median sales price. I have noticed many properties reducing price or coming back on the market around the time an appraisal would be received. Maybe the market is softening a little. With only 2.8 months of inventory it’s hard to believe.

To search for homes visit RickyBeach.com

To get your home’s value visit HomeValuesOfReno.com

To stay up to date on your neighborhood visit RenoSnapShot.com.

If you have any specific questions email me at Ricky@RickyBeach.com

Ricky Beach

Broker/Salesman

Keller Williams Group One Inc.

10539 Professional Circle., #100

Reno, NV 89521

Office: (775) 393-9601
Cell: (775) 750-1437
Email: Ricky@RickyBeach.com
Website:www.RickyBeach.com

Real Estate Pricing Cheat Sheet for June 2015

Posted on July 8, 2015 by Ricky Beach

Thanks to our think tank for updating the stats.

You can view the pricing cheat sheet by clicking on the picture or through this link… Cheat Sheet June 2015

Here’s a snippet…

Homes under $400,000 are selling for at least 99% of the asking price.
The average asking price to list price ratio, for the whole market, is 98%.
Under $400,000 has less than two months of inventory. Staying with a strong seller’s market.