All-cash purchases across U.S. reach new high

RealtyTrac® recently released a report stating that all-cash home sales have reached a new high in the U.S. See All-Cash Share of U.S. Residential Sales Reaches New High in First Quarter Even as Institutional Investor Share of Sales Drops to Lowest Level Since Q1 2012.

All-cash purchases in the U.S. rose to 42.7 percent of all sales in the first quarter — with some markets, such as Las Vegas, Nevada, seeing greater than 50 percent of residential sales comprised of all-cash purchases.

What’s the current sales mix in the Reno-Sparks market? Of the 1,432 condos, town homes, and houses sold in the first quarter of 2014 in Sparks and Reno, Nevada, 443, or 30.9 percent were all-cash purchases.

Here’s a breakout of 1st-quarter sales by “how purchased”…

  • Conventional: 41.6%
  • Cash: 30.9%
  • FHA: 18.3%
  • VA: 7.3%
  • other: 1.9%

related post: Cash purchases may be subsiding…locally


About Guy Johnson

I am a licensed Nevada REALTOR® (lic.# S.0075262.LLC) living and working in fabulous Reno, Nevada. I cover Reno, Sparks, Incline Village, Carson City, and beyond. Give me a call at 775-722-4011 and I will be happy to assist you with your real estate needs. I'm your Guy!
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