Reno/Sparks Homes and Real Estate Market Report December 2011

Summary December home sales at 524 are the highest home sales for a December in history.  This number outpaces December 2010 sales by 8% and is up 6.1% from November.  Year-end sales for 2011 were the second highest in the history of the MLS.  We are optimistic that these are early and positive signs of a move toward recovery. Reno/Sparks Homes Median Sales Price December 2011 median price was up 3.9% to $155,400 compared to $149,506 in November 2011. For the past two months we have seen moderate increases … [Read more...]

Incredible Opportunities Available in Today’s Market to Build Wealth Through Real Estate.

With interest rates at historic lows, and incredible bargains available in our local market, more and more of my clients are investing their money in real estate. Watch this short video and find out how almost anyone can get started today with very little down! Then contact me at 775-287-8222 or SandraMathewson@gmail.com  for a FREE consultation and to get a list of investment properties currently available in your area. … [Read more...]

Fernley Homes and Real Estate Market Report December 2011

Photo by Jerry Mansker   Summary December home sales at 47 are the fourth highest homes sales for a December in history.  This number outpaces December 2010 sales by 47% and is up 27% from November 2011.  Year-end sales for 2011 were the fourth highest in the history of the MLS.  We are optimistic that these are early and positive signs of a move toward recovery. Fernley Homes Median Sales Price December 2011 median price increased 7.3% to $90,000 compared to $83,859 in November 2011. The median … [Read more...]

Investors With Cash Place Downward Pressure on Home Prices

Homebuyers with enough cash in hand to cover their offer price in full are able to bid significantly lower on properties and according to a new industry report released Monday, because they offer a shorter and more reliable closing timeline without the impediments of a mortgage, appaisal, underwriting time, they often win out with that lower bid. A study found that this low-bid-winning dynamic is particularly true for distressed properties because mortgage servicers selling foreclosed or REO homes generally prefer … [Read more...]

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Reno/Sparks Homes and Real Estate Report October 2011

Summary: October home sales in Washoe County are the fourth highest home sales for an October in history and outpaces October 2010 by 15 percent.  This is the first month where the year-over-year comparison is not influenced by the tax credit incentives, thus a positive sign that sales remain healthy.  Also, we have seen only moderate fluctuations in median price for the past seven months.  With the majority of new listings entering the market at the under $150,000 and a majority of sales occuring in this same … [Read more...]

USA Parkway NDOT Public Information Meeting

            The Nevada Department of Transportation (NDOT) will conduct a public information meeting to provide information and receive input on the USA Parkway Project, a proposed north-south transportation link between Interstate 80 (I-80) and U.S. Route 50 (US 50) in Storey and Lyon Counties. The purpose of the proposed Project is to provide an addtional connection between I-80 and US 50 in order to enhance accessibility and mobility between Lyon and Storey counties.  The … [Read more...]

Fernley Homes and Real Estate Market Report October 2011

Summary: October home sales in Fernley are up 10.3% over October 2010 and have shown continued improvement for the past seven months.  This is the first month where the year-over-year comparison is not influenced by the tax credit incentives, thus a positive sign that sales remain healthy.  We have seen only moderate fluctuations in median price for the past seven months. Fernley Homes Median Sales Price October 2011 median price decreased 4.4% to $82,100 compared to $85,899 in September 2011. The median … [Read more...]

Fernley Homes and Real Estate Market Report November 2011

Summary: November sales are down 10% over last year, but year-to-date unit sales are keepiong pace with 2010 and we have also seen relative stable prices seven out of the past eight months.  These are positive indicators for the residential housing market. Fernley Homes Median Sales Price November 2011 median price increased 2.1% to $83,859 compared to $82,100 in October 2011. The median price is down 23.8% from the prior November. Median price is defined as the mid-point, where, for the time period … [Read more...]

Your 2012 Resolution – Buying A Home!

If you are thinking of buying a home this year, the interest rates and home prices are even better than they have ever been.  Now is the time to begin the home buying process. Here are four steps to make this process workable and easy for you. Choose a financing program. Find a home you feel you can afford. Negotiate the transaction through your real estate agent. Conclude the process through closing. The first important step is to meet with a lender to be approved for a mortgage loan.  You will need to … [Read more...]