Washoe County insured recordings statistics – March 2015

Below please find Washoe County, Nevada resale, new home sale, and refinance insured recordings statistics for March provided by our friends at Ticor Title of Nevada, Inc.

Commentary from the report:

In March 28.81% of the resale transactions in Washoe County were cash.  Listings are scarce and multiple and contingent offers are the norm. According to Northern Nevada Regional MLS the median sales price is $270,000.

[Click on the chart below to enlarge.]

All indices continue to increase — with the largest jump coming from re-finances. Re-fi’s jumped to a whopping 993 in March. We haven’t seen that many re-fi’s in one month since the Spring of 2013. March’s re-fi’s were up 21.4 percent over February’s re-fi’s; and up 118 percent year-over-year.

March resales jumped 14.6 percent over February’s resales; however are off 5.1 percent year-over-year. As noted above, Ticor Title reports that nearly 29 percent of March resale transactions in Washoe County were cash purchases.

New home sales in March climbed to 88 — representing a 7.3 percent increase over the 82 new homes sold in February; and an 15.8 percent increase year-over-year.

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Below please find Washoe County, Nevada Notices of Default (NODs), Notices of Sale (NOSs), Trustees Deed Filings (TDs) and New SFR REO Listings statistics for March 2015 provided to us by our friends at Ticor Title of Nevada, Inc.

[Click on the chart below to enlarge.]

Notices of Default (NODs) increased 20.1 percent in March over February. However March’s Notices of Sale, Trustee Deeds (TDs) and new SFR REO listings are all down compared to February’s numbers.

Related post: Washoe County insured recordings statistics – February 2015