Washoe County insured recordings statistics – August 2015

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Below please find Washoe County, Nevada’s insured recordings (resales, new home sales, and refinances) statistics for August provided by our friends at Ticor Title of Nevada, Inc.

As the market enters the fall season seasonal slowing can be seen across all indices — resales, refinances, and new home sales continue to decline.

Commentary from the report:

Median Sales Price for Stick Built is $290,000.  Buyers are holding for affordable properties and are not making hasty decisions because of the lack of inventory in specific price points.  Sellers are overpricing their homes and we are now seeing a major increase in [the number of] price reductions.  Buyers and Sellers are at an impasse and are waiting for each other’s next move. The words on the streets are APPRAISAL & PRICE REDUCTIONS!   Appraisals are still not coming in and deals are cancelling and on MLS there a lot of Price Reductions.  Does anyone see the writing on the wall here?  BUYER’S MARKET!!!  Agents, Lenders and Title companies are getting ready for the new time lines, rules, and forms coming October 3rd.  Make sure to get educated on the changes.  They will affect our closings and time lines. …Resale and Refinance transactions dipped in August and New Homes have stayed steady month by month.  For July, the Resale transactions that were cash were 23% and for August it was 26%.

[Click on the chart below to enlarge.] Ticor Washoe County Market Stats for AUG 2012-2015 Trend Line

Below please find Washoe County, Nevada Notices of Default (NODs), Notices of Sale (NOSs), Trustees Deed Filings (TDs) and New SFR REO Listings statistics for August 2015 provided to us by our friends at Ticor Title of Nevada, Inc.

[Click on the chart below to enlarge.] Ticor Washoe County Foreclosure August 2015 Trend Line bar

Commentary from the report:

As you can see in the Foreclosure Statistics, the amount of Notice of Defaults, Notice of Sales and Trustees Deeds recorded in the past few months have been consistent month to month.

Related post: Washoe County insured recordings statistics – July 2015

About Guy Johnson

I am a licensed Nevada REALTOR® living and working in Reno, Nevada. Give me a call at 775-722-4011. My team and I will be happy to assist you with your real estate needs.
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2 Responses to Washoe County insured recordings statistics – August 2015

  1. Twister says:

    Were no closer to a “BUYERS MARKET” than we are seeing the pope risking his ass again on US soil. Seriously, this sounds like a delusional opinion of lunatics past. Maybe we are slowly working towards a balanced market, but even thats a bit of a stretch right now. Smoke some more dust and maybe you’ll see the wonderous “shadow inventory”.

  2. Pingback: Washoe County insured recordings statistics – October 2015 | Reno Real Estate Blog

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