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Tag Archives: bank owned
What becomes of pending sales?
Today we begin a 90-day analysis of the current pending sales in our market in order to see what proportion result in a closed transaction. Longtime readers will recall that I have performed similar studies in the past — see … Continue reading
Less than 100 REO’s available
A noteworthy threshold was broken over the weekend. The Reno-Sparks’ real estate market now has fewer than 100 bank-owned houses available – 98 to be precise (active, non-pending, site/stickbuilt SFRs). Why is this noteworthy? Because normally many more than that … Continue reading
August median sold price, units, DOM, and $/sq.ft.
The number of houses sold in August rose 6.1 percent from July’s units sold. The median sales price of August’s 436 houses sold was $179,950, and remained practically unchanged from July’s $180,000 median, as well as August 2009’s $179,900. However, … Continue reading
Posted in Agent Insights, Market Trends
Tagged bank owned, days on market, DOM, median price, price per square foot, Reno, Sparks, truckee meadows, units sold, washoe valley
36 Comments
July median sold price, units, DOM, and $/sq.ft.
The number of houses sold in July fell 32 percent from June’s units sold. Seasonality factors and the end of the First-time Homebuyers Tax Credit contributed to the huge drop in sales. On the flipside the median sales price jumped … Continue reading
Posted in Agent Insights, Market Trends
Tagged bank owned, days on market, DOM, median price, price per square foot, Reno, Sparks, truckee meadows, units sold, washoe valley
80 Comments
May median sold price, units, DOM, and $/sq.ft.
May’s median sold price fell significantly to $175,000 – down $4,450, or 2.5 percent from April’s median of $179,450. YOY, May’s median was unchanged from May 2009. May’s sold price per square foot also dropped from April’s number; to $101.75/square-foot, … Continue reading
Posted in Market Trends
Tagged bank owned, days on market, DOM, median price, price per square foot, Reno, Sparks, truckee meadows, units sold, washoe valley
66 Comments
April median sold price, units, DOM, and $/sq.ft.
Happy Mother’s Day! April’s median sold price rose to $177,500 – up $1,500, or 0.8 percent over March’s median of $176,000. YOY, April’s median was 6.6 percent below April 2009. April’s sold price per square foot increased to $103/square-foot – … Continue reading
Posted in Agent Insights, Market Trends
Tagged bank owned, days on market, DOM, median price, price per square foot, Reno, Sparks, truckee meadows, units sold, washoe valley
49 Comments
March median sold price, units, DOM, and $/sq.ft.
March’s median sold price rose to $176,000, or 3.5 percent over February’s median of $170,000. However, March’s sold price per square foot fell 2.9 percent, to $98.48, from February’s sold price per square foot. The number of houses sold in … Continue reading
Posted in Market Trends
Tagged bank owned, days on market, DOM, median price, price per square foot, Reno, Sparks, truckee meadows, units sold, washoe valley
49 Comments
February median sold price, units, DOM, and $/sq.ft.
February’s median sold price rose to $171,500 after plunging five percent in January to $167,000. Similarly, February’s sold price per square foot also came back from January’s plunge – rising to $101.42 from January’s record low $97.06. The number of … Continue reading
Posted in Agent Insights, Market Trends
Tagged bank owned, days on market, DOM, median price, price per square foot, Reno, Sparks, truckee meadows, units sold, washoe valley
51 Comments
