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Monthly Archives: November 2008
Market Condition Report from First Centennial Title
First Centennial Title just released their Market Condition Report for October. Solds, expireds, pendings and months supply of inventory are all holding steady from last month’s numbers. Escrows closing (“Percent Selling” on the chart) is also holding steady at 40% … Continue reading
Posted in Market Trends
Tagged market condition, Reno, Sparks, truckee meadows, Washoe County
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Ticor Title Charts for October
After rocketing skyward for a couple years Notices of Default in Washoe County finally peaked in April of this year at 457 NODs. In the five months following April’s peak, NODs began trending downward slightly. For example, September’s 422 NODs … Continue reading
Posted in Market Trends
Tagged new home sales, NODs, re-fi, Reno, resale, Sparks, truckee meadows, Washoe, Washoe County
15 Comments
October 2008 Sales Market Report for Washoe County
October brought in only one additional sale over September in the single family residence column but $ volume was lower confirming what we have been seeing and that is prices are still going down. You will also see that same … Continue reading
Retail Open Topic
Retail is a huge subject, and it seems you readers are pretty interested in it. I would have to write a book to start covering the topic adequately. Instead, I’ll just post a few observations, and open this up for your … Continue reading
Posted in General
28 Comments
What Is A “Normal” Sale These Days?
[Note: This post piggybacks on my post from last week, Median Sold Price Drops 7% in One Month] Real estate agents have traditionally used the term “distressed” when referring to properties that were not good old fashioned straight sales. Houses … Continue reading
Posted in Agent Insights, Market Trends
Tagged distressed, foreclosure, Reno, REO, Sparks, truckee meadows
2 Comments
My First Book Review
No, I’m not changing professions. I’ve just returned from this year’s NAR (National Association of REALTORS®) conference where I saw the latest agent tools and products; met many new people; and caught up with old friends. One of these friends … Continue reading
Posted in Real Estate Industry
Tagged gustavo blachman, real estate diet, terrabella, terrabella realty
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For Lease – Apartment Defaults
You’ve lost your home to foreclosure, you’ve managed to get your family resettled into an apartment, and now your apartment complex is in foreclosure. Where does it end? Developers look at the rent vs. own equations just like we do, … Continue reading
Posted in General
20 Comments
Reno Sparks Real Estate Market Update
Sales in October 2008 were up 26% from the year prior. The under $300K range continued to perform, again dipping below the $200K average price point for the second time this year to $193,644. Activity in the $300K-500K category dropped off … Continue reading
Posted in General, Market Trends, Market Trends, Reno, Sparks
Tagged market, MLS, real estate, Reno, residential, short sales, sold, Sparks, statistics, trends
12 Comments
