Category Archives: Agent Insights

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

Posted on May 9, 2012 by Guy Johnson

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

What becomes of pending sales?

Posted on May 1, 2012 by Guy Johnson

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 →

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Less than 100 REO’s available

Posted on April 30, 2012 by Guy Johnson

A noteworthy threshold was broken over the weekend. The Reno-Sparks’ real estate market now has fewer than 100 bank-owned houses available – 98 to be precise (active, non-pending, site/stickbuilt SFRs). Why is this noteworthy? Because normally many more than that … Continue reading →

Posted in Agent Insights, Foreclosures | Tagged , , , | 5 Comments

Reno-Sparks’ lack of inventory in the news

Posted on April 25, 2012 by Guy Johnson

KTVN Channel 2 News aired a piece on the market’s low level of inventory. Yours truly was asked to comment. And this blog got a mention. Check out the video below, or click on this link: Reno Real Estate: About … Continue reading →

Posted in Agent Insights, News | Tagged | 9 Comments

Reno-Sparks affordability comparison

Posted on April 24, 2012 by Guy Johnson

A recent 24/7 Wall St. story listed The Ten Most (and Least) Affordable Cities to Buy a Home. Using February’s numbers from Realtor.com‘s database of nationwide listings, 24/7 Wall St. calculated the median price per square foot across the 146 largest … Continue reading →

Posted in Agent Insights | Tagged | 11 Comments

Average mortgage amount increases

Posted on April 12, 2012 by Guy Johnson

In a report released yesterday by Capital Economics analysts reported that the average loan amount lenders issued to borrowers in the past three months grew by $20,000, suggesting an early sign that buyer confidence is improving across the country. See … Continue reading →

Posted in Agent Insights, Lending | 1 Comment

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

Posted on April 8, 2012 by Guy Johnson

March’s median sold price increased to $150,000 – a 3.4 percent over February’s median of $145,000. Year-over-year, March’s median sold price is down 6.3 percent. March’s median sold price per square foot (ppsf) also increased – rising an impressive 3.5 … Continue reading →

Posted in Agent Insights, Market Trends | Tagged , | 11 Comments

Waiting list to purchase a new home?!

Posted on April 2, 2012 by Guy Johnson

Yesterday I spent some time searching for and looking at homes (resales) with clients. When only three properties fitting their criteria were returned from our search of the MLS – and after viewing those properties and finding them not suitable … Continue reading →

Posted in Agent Insights, Builders | 44 Comments