Author Archives: Guy Johnson

Does it matter who is purchasing the inventory?

Here’s an interesting take from Business Insider on hedge funds purchasing the low-end housing stock in Reno and Las Vegas: The 1 Percent Is Buying Up All Of The Low End Real Estate Will institutional investors making bulk housing purchases … Continue reading

Posted in Properties | Leave a comment

Washoe County insured recording statistics – April 2012

Below are Washoe County’s insured recording statistics for the month of April. Recording statistics are provided by our friends at Ticor Title. Click on the image below to enlarge… Resales in the county dropped in April – coming in 7 … Continue reading

Posted in Market Trends | Tagged , | Leave a comment

FCT’s Market Condition Report – April 2012

Below please find April’s Market Condition Report for the Northern Nevada area provided by our friends at First Centennial Title Company of Nevada. From the April report… Overview: Demand and price increased from last month for both SFR and Condo … Continue reading

Posted in Market Trends | Tagged | Leave a comment

RSAR Monthly Market Reports – April 2012

April’s market reports, provided by our friends at the Reno/Sparks Association of REALTORS®, have been released. April’s reports can be accessed with these links: Greater Reno/Sparks Market Report – April 2012 Fernley Market Report – April 2012 Commentary from the … Continue reading

Posted in General, Market Trends | Tagged | 2 Comments

April median sold price, units, DOM, $/sq.ft.

As predicted dwindling affordable inventory is causing units sold to decrease and the median sales price to increase. April’s median sold price increased to $152,500 – a 1.7 percent over March’s median of $149,900. Year-over-year, April’s median sold price is … Continue reading

Posted in Agent Insights, Market Trends | Tagged , | 35 Comments

More news regarding the lack of inventory in the market

The RGJ ran this piece this morning Region enters sellers’ market as homes for sale are dwindling. The $300,000 and below market segment is the range experiencing the greatest shortage.

Posted in Market Trends | Tagged | 13 Comments

Washoe County foreclosure-related recordings – April 2012

Below are Washoe County’s Foreclosure Statistics through the month of March. (click on the graphic to enlarge). These statistics are provided to us by our friends at Ticor Title. All indices are down month-over-month. Notices of Default and Notices of … Continue reading

Posted in Foreclosures | Tagged | 4 Comments

What becomes of pending sales?

Today we begin a 90-day analysis of the current pending sales in our market in order to see what proportion result in a closed transaction. Longtime readers will recall that I have performed similar studies in the past — see … Continue reading

Posted in Agent Insights | Tagged , , , | Leave a comment