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Category Archives: Market Trends
Are distressed sales still the driving force behind declining home prices in Reno and Sparks?
The answer may surprise you. A recent study found that distressed properties are the driving force behind declining home values across the country. The analysis, conducted by CoreLogic, found that house prices fell 4.7 percent last year. However, if distressed … Continue reading
U.S. housing supply lowest in four years
The Wall Street Journal reported that the nation’s listed inventory is the at its lowest level in four years. December’s inventory was 6 percent below November’s listed inventory; and represented a whopping 22 percent decline from the previous December. See … Continue reading
Washoe County Insured Recording Statistics – December 2011
Below are Washoe County’s insured recording statistics for the month of December. Recording statistics are provided to us by our friends at Ticor Title. Click on the image below to enlarge. December Re-fi’s have exhibited five consecutive months of month-over-month … Continue reading
FCT’s Market Condition Report – December 2011
Below please find December’s Market Condition Report for the Northern Nevada area provided by our friends at First Centennial Title Company of Nevada. (Click on the report to enlarge.) From December’s report: The Ratio of Supply to Demand measures the … Continue reading
Altos Research’s Reno listing report
When I last posted the listing report from Altos Research I posed the question as to whether or not readers found value in the report. A few of you responded that you did, so I will continue to post these … Continue reading
Washoe County foreclosure-related recordings – December 2011
Below are Washoe County’s Foreclosure Statistics for December 2011 provided by our friends at Ticor Title. The slight uptick in Notices of Sale can be explained by Ticor Title’s commentary below. Commentary: The Notices of Defaults increased slightly, but the … Continue reading
December median sold price, units, DOM, $/sq.ft.
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
Reno market projected to decline 5% in 2012
Reno appeared on a couple more lists yesterday. Unfortunately neither list is particularly good news. The first is a list of the top 10 U.S. metro areas with the greatest year-over-year median home-value declines. The list of metros was compiled … Continue reading
