Real Estate Stats for July 2015

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.

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June 2015 Reno Real Estate Stats

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

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Real Estate Pricing Cheat Sheet for June 2015

cheat sheetThanks 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.

 

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

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Reno Real Estate Market Cheat Sheet

The May real estate stats are in. cheat sheet

You can view the report by clicking the picture or here. May 2015 Cheat Sheet

Below is a quick overview…

  • $100,000-$200,000 has .6 months of inventory. Sales prices to list price ratio is 99%. Only 54 active and available properties in this price range in all of Reno/Sparks.
  • $200,000-$300,000 has .9 months of inventory. Again the list price to sales price ratio is 99%. Median days on market is 66 days. That’s pretty quick.
  • $300,000-$400,000 is a little slower at 1.9 months of inventory but still a strong seller’s market. List price to sales price ratio is still at 99%.
  • The higher prices ranges are pretty normal with days on market and inventory.

For more information on buying or selling in Reno/Sparks email me at Ricky@RickyBeach.com

 

 
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

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Real Estate Pricing Cheat Sheet For April 2015

cheat sheetAs most of you know the market is still dying for inventory.

A lot of the stats we get only show the market as a whole instead of price ranges that people buy and sell in.

Because of this, we created a cheat sheet to help buyers and sellers understand how their price range is moving.

You can view it by clicking the picture or here… April 2015 Cheat Sheet

The most glaring thing from the report is the month’s supply of inventory under $600,000; a strong sellers market.

From $100,000-$300,000 there’s less than 1 month of inventory. That means if no new houses come on the market we’ll run out of homes to sell under $300,000 in 21 days. An even market is about 5 months on inventory.

Most of these homes come on the market and are pending within 72 hours.

Take a look and let me know if you want similar numbers broken down into your neighborhood or where you’re looking to buy.

 You can call me at (775) 393-9601 or email me at Ricky@RickyBeach.com

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

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