Tag Archives: Market Trends

Short Sale FAIL

After eight unsuccessful months trying to sell our Somersett McMansion for $525,000, we raised the price to $572,000. No, we’re not crazy. The bank is. For those who may not know me, I started this blog in late 2005. I … Continue reading

Posted in Foreclosures, General, Legal, Lending, Market Trends, Somersett, Strategy | Tagged , , , , , , , , , , | 86 Comments

Reno Sparks Residential Market Update

In March, prices changed little as unit sales again rose. Months’ supply of inventory decreased in every category except over $1 million, which jumped from four years to five. Waiting for the higher-end market to capitulate is like waiting for … Continue reading

Posted in Market Trends, Market Trends, Reno, Sparks | Tagged , , , , | 5 Comments

Reno Sparks Residential Market Update

In February, prices were down again in every range, while unit sales increased from January and year-over-year. In comparing this month’s chart with last month’s, it appears as though some of the above $200K inventory shifted down into the under … Continue reading

Posted in Market Trends, Market Trends, Reno, Sparks | Tagged , , , , | 12 Comments

How Much Green has this Blog Saved You?

A few weeks back some really nice clients took me out for dinner. Two years ago they sold a house they had inherited in the Bay Area and moved out here to begin their professional lives. They were looking for … Continue reading

Posted in Agent Insights | Tagged , , , , | 21 Comments

Reno Sparks Residential Market Update

Welcome to my newly simplified monthly sales report by price band. I hope you find this format more useful. Since prices have come down so significantly since I started tracking local housing numbers in 2005, revised price bands reflect our … Continue reading

Posted in Market Trends, Market Trends, Reno, Sparks | Tagged , , | 13 Comments

Now May Not the Time to Buy

Unless you’re a professional foreclosure investor, on a company relocation package, too rich to care, or desperate to get away from a bad landlord situation with plans to live in a purchased property for the next 7-10 years, now may … Continue reading

Posted in Agent Insights, Lending, Market Trends, Market Trends | Tagged , , , | 93 Comments

Reno Sparks Real Estate Market Update

Sales in September 2008 were up 2% from the year prior. The under $300K range gained some ground as inventory dropped to 9 months’ supply, and the $300K-500K range held steady at 12 months’ supply. The $500K-1 million category improved … Continue reading

Posted in General, Market Trends, Market Trends, Reno, Sparks | Tagged , , , , | 5 Comments

“1929 was for pussies…”

Or so said Jon Stewart this evening during his commentary on what I like to call Behemoth Black Monday. Surprisingly, today the House of Representatives failed to pass the biggest bailout in US history. Perhaps because a large percentage of … Continue reading

Posted in Agent Insights, General, News | Tagged , , , | 55 Comments