Washoe County insured recordings statistics – August 2014

Below please find Washoe County, Nevada resale, new home sale, and refinance insured recordings statistics for August 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 August 2014, Total New MLS listings decreased 15%. Non Conditioned Sales, Short Sale and REO New Listings decreased in August as well. Median Sales Price has held steadily at $250,000 for 3 months now. In Ticor’s chart attached, overall real estate transactions, New Homes, and Refinances increased slightly.

There are some unique and beautiful developments coming onto the market. Unfortunately there isn’t a huge selection in the First Time Homebuyer price point, so first time homebuyers are looking to the resale market. The only issue is that we have no inventory in their price range.

Commercial real estate is healthy and is contributing to the real estate market recovery. Some great commercial projects are coming to our market. Tesla is big news for residential and commercial agents. They are gearing up and preparing for the next 4 years.

Out of 788 resale transactions in August, 29% were cash transactions.

related post: Washoe County insured recordings statistics – July 2014