Reno, Incline Village, Sparks, Carson City, Fernley, and Northern Nevada Real Estate Blog

Introducing new property search functionality; and other upgrades

Posted on December 14, 2019 by Guy Johnson

This site has undergone a couple recent changes that I think you’ll appreciate.

This site is now a HTTPS secured site

What the heck is HTTPS? Well, without going into the technical details, just know that this site employs a new level of security. If you would like to read about the technical aspects of HTTPS security, see this article.

This change is behind the scenes and should not impact readers/users of this blog. Even if you have the prior http:// version of the renorealtyblog.com link bookmarked, clicking on that URL will automatically redirect you to https://renorealtyblog.com. Go ahead and try it. 🙂

The only difference that you will notice is that now, instead of your browser displaying “Not Secure – renorealtyblog.com” in the URL field, it now displays a padlock symbol to the left of renorealtyblog.com. Check it out above.

New property search functionality

The previous property search functionality has been replaced with a new updated search capability. This new property search allows you to search for properties by:

city
neighborhood
address
school district
zip code

I think you’ll find these new capabilities useful. One thing to note, these new search features currently reside on my personal Keller Williams site. So, at the moment, when you click on “Search for Properties” on this blog, a new window to my KW site will open.

Go ahead and give it a try: Search for Properties

Play around with it and let me know what you think in the comments below.

New Listing Notifications

Lastly, the “New Listing Notifications” that was tied to the prior search functionality of this site will no longer be available. However, I have a new up-to-date tool available to alert you of new listings (matching your desired criteria) hitting the market. I am happy to assist in setting up new listing alerts for you. Just reach out by direct message, email or phone.

My direct line is 775-722-4011 (mobile) and my email is guyjohnson@hotmail.com

As always, thank you for reading and using the blog!

Posted in General, Tech Tools | Tagged property search | Leave a comment

This week’s real estate headlines

Posted on December 14, 2019 by Guy Johnson

Here are a few national real estate-related stories and news pieces that came across my screen this week…

from Freddie Mac: Mortgage Rates Tick Up
from The Mortgage Reports: Credit standards are loosening: Buyers may now find it easier to get a mortgage
from Fannie Mae: Home Purchase Sentiment Rebounds in November, Re-Approaches Survey High
from Realtor.com^®: Curious Case: A U.S. Housing Market No One Saw Coming
from Realtor.com^®: Low Inventory Drives Home Buyers to Explore Big City Alternatives
from MReport: First-Time Homebuyer Market Rebounds in Q3
from ABC News: Fed leaves low rates alone and sees no moves in near future
from Redfin: Bidding Wars Remain at 10-Year Low in November
from the NAR Real Estate Forecast Summit: Affordability a Top Concern as Economists Deliver 2020 Outlook
from CNBC: Teens could be a saving grace for malls, new research says
National Association of Home Builders’ Eye on Housing blog: Basements Continue to Fall Out of Favor

Posted in headlines, News | Tagged headlines, News | Leave a comment

RSAR Market Reports for Reno, Sparks, and Fernley, Nevada – November 2019

Posted on December 13, 2019 by Guy Johnson

The Reno/Sparks Association of REALTORS^® (RSAR) has released November’s Market Reports for Reno, Sparks, and Fernley, Nevada.

The following infographics highlight each market’s housing numbers. Click on the graphics to access the entire reports.

Reno infographic

Sparks infographic

Fernley infographic

Posted in fernley, Market Trends, Reno, Sparks | Tagged call Guy Johnson, days on market, fernley, Fernley home prices, Fernley housing market, Fernley median home price, Fernley median price, Fernley real estate, I’m your Guy, median home price, Reno housing market, reno median home price, Reno Real Estate, rsar, RSAR market reports, Sparks housing market, sparks median home price, Sparks real estate | Leave a comment

November median sales price and other market metrics

Posted on December 9, 2019 by Guy Johnson

Reno-Sparks home prices remain stable; Units sold drops sharply, Inventory down

Median Sales Price

November’s median sold home price for Reno-Sparks was $400,000 for the month — essentially unchanged from October’s median sales price of $399,995.

Year-over-year, November’s median closed sales price was up 6.0 percent.

November’s median sold price per square foot (PPSF) saw a slight increase for the month. November’s median sold PPSF rose to $216.95/sq.ft. — up 0.1 percent over October’s $216.67/sq.ft.

Year-over-year, November’s median sold PPSF is up 2.5 percent.

Homes Sold

Home sales fell to 447 units sold in November — representing a whopping 20.3 percent decrease from October’s 561 homes sold.

Year-over-year, November’s number of homes sold was down 4.7 percent from the 469 homes sold in November 2018.

Year-to-date home sales for 2019 are up 2.5 percent compared to the same period last year — 5,746 vs. 5,604, respectively.

Inventory

Currently 956 homes are available for purchase in the Reno-Sparks market. This number is down 12.3 percent from the 1,090 homes available for sale this time last month. Year-over-year, current available inventory is down 22.7 percent.

Pending sales also fell in November. Presently, 683 homes are pending sale in the Reno-Sparks market. That number is down 11.6 percent from the 773 homes pending sale this time last month. As pendings continue to decline, expect unit sales to decline as well as the market enters winter.

Despite its monthly decline, year-over-year, current pending sales are up 7.7 percent over the number of pending sales this time last year.

Days on Market

November’s median days on market (DOM) clocked in at 72 days — a decrease of 4 days from October’s median DOM. Year-over-year, November’s DOM number is up just 1 day over November 2018’s number.

Sales by Type

November sales by type, break out as follows:

REO sales: 0.9% – down from October’s 1.1%
Short sales: 0% – down from October’s 0.4%
Subject to Court Approval sales: 1.6% – up over October’s 0.9%
Relocation sales: 0% – down from October’s 0.2%
Equity sales: 97.5% – unchanged from October’s 97.5%

Sales by Price

November sales by price band, break out as follows in the table below…

**Sales by Price Segment**
sales price ($000’s)	units sold	cumulative % of sales
0 – 99	0	0%
100 – 199	1	0.2%
200 – 299	57	13.0%
300 – 399	164	50.0%
400 – 499	106	73.4%
500 – 599	46	83.7%
600 – 699	27	89.7%
700 – 799	11	92.2%
800 – 899	13	95.1%
900 – 999	5	96.2%
1M+	17	100%
total	447

November’s median sold price for houses and condos combined was $372,000 — a 1.2 percent decrease from October’s median sold price of $376,500 for combined sales of houses and condos.

The table below contains the past 13 months of data^[1]…

**Past 13 Months of Home Sales Data**
Month Year	# Sold	Median Sold Price	Sold Price per Sq Ft	Median DOM	# of Actives	# of Pendings
Nov 2019	447	$400,000	$216.95	72	956	683
Oct 2019	561	$399,995	$216.67	76	1,090	773
Sep 2019	578	$395,000	$218.87	68	1,283	814
Aug 2019	623	$399,000	$213.78	64	1,342	898
Jul 2019	605	$406,000	$217.39	60	1,367	906
Jun 2019	570	$400,000	$219.78	55	1,252	915
May 2019	680	$390,000	$220.27	54	1,163	911
Apr 2019	531	$375,000	$213.73	65	996	923
Mar 2019	458	$369,000	$207.92	78	867	815
Feb 2019	362	$372,150	$208.84	89	888	774
Jan 2019	325	$362,000	$210.44	86	961	655
Dec 2018	385	$365,000	$209.82	77	1,079	541
Nov 2018	469	$377,500	$211.75	71	1,237	634

Thank you for taking the time to read this market report. As always, your comments and questions are welcomed.

1. The medians table above is updated on a monthly basis. The median home price data reported covers the cities of Reno, Nevada and Sparks, Nevada [NNRMLS Area #100]. Residential data includes Site/Stick Built properties only. Data excludes Condo/Townhouse, Manufactured/Modular and Shared Ownership properties. Data courtesy of the Northern Nevada Regional MLS – December 8, 2019. Note: This information is deemed reliable, but not guaranteed.

For historical home sale data dating back to 1998 click here.

Posted in Agent Insights, Market Trends, Reno, Sparks | Tagged days on market, Guy Johnson, I’m your Guy, median home price, Reno homes for sale, Reno housing market, reno median home price, Reno Real Estate, reno real estate market, Reno Realtor, Sparks homes for sale, Sparks housing market, Sparks median home, Sparks real estate, sparks real estate market | Leave a comment

This week’s real estate headlines

Posted on December 8, 2019 by Guy Johnson

Here are a few national real estate-related stories and news pieces that came across my screen this week…

from Freddie Mac: Mortgage Rates Hold Steady
from Housingwire: FHA loan limits increasing for almost all of U.S. in 2020
from Realtor.com^®: Bye-Bye, VA Loan Limits: What This Means for Veterans Buying a Home
from RealTrends: Home Showings Increase Across U.S. For Third Consecutive Month
from Freddie Mac: The Housing Market Continues to Stand Firm
from the National Association of Home Builders’ Eye on Housing blog: Millennial Areas Front and Center to Housing Affordability Challenges
from CoreLogic: U.S. Prices Level Off, Some States Show Large Cooldown
from Realtor.com^®: Home Sellers Will Remain on the Sidelines in 2020
from ProPublica: Trump’s Trillion-Dollar Hit to Homeowners
from the National Association of Home Builders’ Eye on Housing blog: Specialty Rooms Wanted by Millennial Home Buyers
from The Wall Street Journal: Highways Give Way to Homes as Cities Rebuild — Apartments, houses and businesses replace part of Rochester, N.Y.’s Inner Loop
from The New York Times: Unmarried Couples Gain in Numbers, but Survey Finds Married Ones May Be Happier
from the National Association of Home Builders’ Eye on Housing blog: Share of New Homes with Decks Declines in 2018

Posted in headlines, News | Tagged headlines, News | Leave a comment

A few of my recent Facebook posts

Posted on December 4, 2019 by Guy Johnson

In addition to posting on this blog, I also maintain a Facebook Page where I post daily content on the Reno, Sparks, Incline Village, and northern Nevada real estate market, economy, and other related topics.

Below are a few recent posts from my Facebook Page.

To see my Facebook posts in real time as I post them please Like my FB Page

Posted in headlines, Incline Village, News, Reno, Sparks | Tagged facebook, facebook posts, Incline Village real estate, Reno Real Estate, Sparks real estate | Leave a comment

Incline Village housing market report

Posted on December 3, 2019 by Guy Johnson

From the most recent housing market report for Incline Village, Nevada…

This week the median list price for Incline Village, NV is $2,535,000 with the market action index hovering around 30. This is less than last month’s market action index of 31. Inventory has held steady at or around 38.

The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Click on the table below to access the entire market report for Incline Village.