March 2015 Reno Real Estate Market Stats

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

You can view the whole report here. March 2015 Stats

Below is an overview with commentary.

  • The median sales price rose to $270,000 from $265,000 in February. Up 18.4% from March 2014.  I’ve seen a lot more  buyers have to pay the difference between appraisal and contract price due to appraisers not being able to catch up with the market.
  • Number of homes sold jumped to 532 from 394 in February. 49 more sales than March 2014. This is a huge jump and the number of sales is comparable to the summer months.
  • Average days on market was 96. For regular sales, the average days was 92 with short sales taking 209 days.
  • There were 618 new listings in March. Compared to 522 in February and 661 in March 2014. The majority of these being between $200,000 and $400,000. 90% of these were regular sales.
  • Current months supply of inventory fell to 2.6 months. The lowest in more than a decade.

Overall, same as last month. Not enough listings and too many buyer so prices will continue to increase.

 

 
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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Foreclosure Stats for February 2015

Thanks to Ticor Title and Erin Schiller for the foreclosure stats. Foreclosure Stats

View the whole report here… Feb Foreclosure Stats

Below is an overview…

  • No real changes
  • NOD went down 3
  • NOS up 11
  • Trustees Deeds down 7.

No movement means no foreclosures in the near future.

 

 
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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February 2015 Market Stats For Reno/Sparks

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

You can view the whole report here… February 2015 Market Stats

Below is an overview of the important points with my commentary in italics.

  • The median sales price jumped from $252,000 in January to $265,000. Back up to the late 2014 numbers. Normal change coming from the holiday months. Plan on this number not dropping too much in the coming months. 
  • The median sales price for regular sales is $274,995 and short sales $252,600. A major jump in short sale median price. The banks are staying tighter with their pricing.
  • Sold price per sqft. dropped a little to $145. Many of the newer area markets are getting into $170 per sqft.
  • Number of units sold rose barely to 383 from 363 in January but at the same mark as last year. We’re still low on inventory but the buyer demand is there.
  • Average days on market for regular sales are 96. That’s about 60 days of market time before getting a contract. Though homes that are priced right are still getting multiple offers and selling within a few days.
  • New listing hit 509. Up from 433 in January but down from February 2014. Once again we don’t have enough homes for the buyers out there looking.
  • Months supply of inventory dropped to 3.6 months. Meaning, if no new houses come on the market we will run out of homes in 3.6 months. This is a seller’s market.

 

 
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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January 2015 Reno/Sparks Foreclosure Statistics

ForeclosuresThe January foreclosure stats are out. Thank to Erin Schiller at Ticor Title. They’re a good one if you need escrow services for a new purchase or refi.

Here’s the link to the full report… January Foreclosure Stats

No major changes from the previous months. Regular sales will rule the market for the coming months.

 
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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February 2015 Reno/Sparks Market Trends Report

Market Trends ReportI took the time this week to create a cheat sheet for the market stats and their trends. I’ll still post the fulls stats from RSAR but one pager is much easier look through.

Check it out through this link… February 2014 Market Trends

 

 

 

 

 
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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