Category Archives: Agent Insights

Luxury home sales surge in Reno, NV

While luxury home sales weakened across much of the U.S. in 2017 (See Move.com’s Demand for Luxury Home Weakened in 2017 — High-end inventory glut contributes to slow down), the luxury market in Reno, Nev. saw the opposite trend. In … Continue reading

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2017 Reno Housing Market Recap

If I had to use one word to describe the 2017 housing market for Reno and Sparks, Nev. it would be “record-breaking”. Many of the housing metrics we cover saw records in 2017 – both high and low. Let’s take … Continue reading

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Cash sales in Reno and Sparks

According to the National Association of REALTORS® 2017 REALTORS® Confidence Index, cash sales made up 22 percent of home sales nationally in 2017 (this number was up compared to the 21 percent in 2016). How does our local market compare? … Continue reading

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How high will Reno-Sparks’ median home price reach in 2018?

KOLO TV’s NewsNow Tuesday evening’s broadcast ran a segment on Northern Nevada’s 2018 Housing Outlook. As part of the report, Doug McIntyre, President of Reno/Sparks Association of REALTORS®, was interviewed. During the interview, Mr. McIntyre said he thought that our … Continue reading

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December median sales price and other market metrics

December’s median sales price pulled back from November’s to end the year at $345,000. December’s median sales price for homes sold in Reno and Sparks, Nevada fell 2.7 percent from November’s median of $353,000. Year-over-year however, December’s median is up … Continue reading

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How Accurate is Zillow’s Zestimate?

Of the more than 108 million homes currently listed on Zillow, nearly 97 million of them have Zillow Zestimates® calculated. But how accurate are these zestimates? I get this question a lot from clients. Fortunately, there’s an easy answer as … Continue reading

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Want to Buy a House in Reno-Sparks Built in the Last Ten Years? You’ll Need Half a Million

I recently posted an analysis of the extremely tight housing inventory that Reno, Nevada and Sparks, Nevada is facing. See: Reno, Nevada’s Housing Shortage — How Bad Is It? As an eleven-year local REALTOR® serving the Reno-Sparks area, the numbers … Continue reading

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Reno, Nevada’s Housing Shortage — How Bad Is It?

Each month the Reno-Sparks Association of REALTORS® releases its Housing Market Report for the greater Reno/Sparks area. And each month it’s reported that “The Reno market is a seller’s market, at [insert very low number here] months supply of inventory.” … Continue reading

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