Washoe County insured recordings statistics – June 2014

Below please find Washoe County, Nevada resale, new home sale, and refinance insured recordings statistics for June 2014 provided by our friends at Ticor Title of Nevada, Inc. [Click on the chart below to enlarge.]

Ticor Title’s commentary accompanying the statistics…

For June 2014, Total New MLS listing decreased. Non Conditioned Sales increased a bit. Short Sale and REO New Listings and Sold Transactions are relatively flat for June. Median Sales Price increased to $250,000. In Ticor’s chart attached, there is still a steady increase in overall real estate transactions new home and refinance activity. Builders are still being cautious, not overbuilding, and are acquiring land again. Quality and unique developments are coming onto the market but builders must be cautious not to overprice, stay within an affordable price point, and continue to work with the resale agents. Nevada is still in recovery so it’s important that we don’t make the same mistakes as we did before and create the BUBBLE. Commercial real estate is healthy and is contributing to the real estate market recovery. Some great commercial projects are coming to our market. Stay tuned. Businesses bring jobs…Jobs bring income….Income provides a home…

Out of 775 resale transactions in June, 32% were cash transactions.

related post: Washoe County insured recordings statistics – May 2014