Tag Archives: bank owned

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

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Less than 100 REO’s available

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

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

The number of houses sold in August rose 6.1 percent from July’s units sold.  The median sales price of August’s 436 houses sold was $179,950, and remained practically unchanged from July’s $180,000 median, as well as August 2009’s $179,900. However, … Continue reading

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July median sold price, units, DOM, and $/sq.ft.

The number of houses sold in July fell 32 percent from June’s units sold.  Seasonality factors and the end of the First-time Homebuyers Tax Credit contributed to the huge drop in sales. On the flipside the median sales price jumped … Continue reading

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May median sold price, units, DOM, and $/sq.ft.

May’s median sold price fell significantly to $175,000 – down $4,450, or 2.5 percent from April’s median of $179,450. YOY, May’s median was unchanged from May 2009. May’s sold price per square foot also dropped from April’s number; to $101.75/square-foot, … Continue reading

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

Happy Mother’s Day! April’s median sold price rose to $177,500 – up $1,500, or 0.8 percent over March’s median of $176,000. YOY, April’s median was 6.6 percent below April 2009. April’s sold price per square foot increased to $103/square-foot – … Continue reading

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

March’s median sold price rose to $176,000, or 3.5 percent over February’s median of $170,000.  However, March’s sold price per square foot fell 2.9 percent, to $98.48, from February’s sold price per square foot. The number of houses sold in … Continue reading

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February median sold price, units, DOM, and $/sq.ft.

February’s median sold price rose to $171,500 after plunging five percent in January to $167,000.  Similarly, February’s sold price per square foot also came back from January’s plunge – rising to $101.42 from January’s record low $97.06. The number of … Continue reading

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