Category Archives: Agent Insights

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

Posted on January 7, 2012 by Guy Johnson

Wow! 2011 goes out with a nice uptick in the medians. December 2011′s median sold price was $155,400 – the highest monthly median we’ve seen since April last year. Not only was December’s median higher than the seven previous months, … Continue reading →

Posted in Agent Insights, Market Trends | Tagged , | 18 Comments

Sellers: overly optimistic or unrealistic?

Posted on December 7, 2011 by Guy Johnson

A recent nationwide survey conducted by HomeGain showed that 3 out of 4 home owners believe that their homes are worth more than what their agents recommend. See: Three Quarters of Owners Continue to Overvalue. The same survey showed that … Continue reading →

Posted in Agent Insights | 3 Comments

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

Posted on November 8, 2011 by Guy Johnson

October’s median sales price for the Reno/Sparks market fell to $148,250 – a 1.2 percent decrease from September’s $150,000 median sales price. So much for the resistance at $150,000 I questioned last month. Despite its decline in median sales price, … Continue reading →

Posted in Agent Insights, Market Trends | Tagged , , | 16 Comments

Washoe County foreclosure-related recordings – October 2011

Posted on November 1, 2011 by Guy Johnson

Well October numbers are in – and look at the plunge in Notices of Default! 13 total NODs for the month. That is a 98% decrease in one month. Notices of Sale increased a little more than 7 percent over … Continue reading →

Posted in Agent Insights, Foreclosures, Market Trends | Tagged , , , | 15 Comments

Looming inventory problem in Reno-Sparks?

Posted on October 19, 2011 by Guy Johnson

Yesterday I saw a piece in the Wall Street Journal discussing the lack of housing inventory in certain parts of the country – see Slim Pickings Are Latest Headache for Home Sales. From the article: “There were more than 2.19 … Continue reading →

Posted in Agent Insights | Tagged | 35 Comments

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

Posted on September 6, 2011 by Guy Johnson

August saw a very nice 3.3 percent jump in the median sold price – $155,000 compared to July’s $150,000. The sold price per square foot also increased a healthy 4.4 percent, coming in at $91.32/sq.ft. August also saw very strong … Continue reading →

Posted in Agent Insights, Market Trends | Tagged , , | 15 Comments

Foreclosure property discounts

Posted on August 25, 2011 by Guy Johnson

Yesterday’s Washington Post’s piece on RealtyTrac’s latest foreclosure numbers reported that bank-owned properties across the county sell on average at a 40 percent discount to the average price of non-REO’s.  Additionally, nationwide, foreclosure sales accounted for 31 percent of 2nd-quarter … Continue reading →

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

FHA loan limits to be cut by nearly 20 percent – will it matter?

Posted on August 10, 2011 by Guy Johnson

I received an email this week from a Senior Loan Officer informing me of a possible decrease to FHA funding limits if Congress fails to act. The email read: “Barring Congressional action, FHA loan limits will revert back to loan … Continue reading →

Posted in Agent Insights, Lending | Tagged , | 11 Comments