Reno and Sparks Nevada, Homes and Real Estate Report, your guide to buying or selling a home. Summary The lack of inventory, along with strong buyer demand for homes continues to push median price up month-over-month. Even with rising median prices, home ownership remains at affordable levels for buyers with a steady income, a reasonable down payment and good credit. Reno Sparks Median Home Price March 2013 median price was up 2.6% to $195,000 compared to $190,100 in February 2013 and up … [Read more...]
Fernley Home SOLD 303 Marshall St.
April 30, 2013 by Leave a Comment
Listed on April 12, Accepted Offer April 14, SOLD on April 30, Full Price, Cash ! This great 3 bedroom, 2 bath, 2 car garage home in Fernley, Nevada has been SOLD. Listed at $110,000 and sold for $110,000 CASH, in just 19 days. Open floor plan, 1294 square feet, neutral decor and upgraded light beige carpet. Formal dining room, bright sunlit rooms and plenty of privacy. The exterior is stucco and has a big, peach tree in front that produces bushels of fruit. Fernley's real estate market is … [Read more...]
Fernley Homes and Real Estate Report February 2013
March 16, 2013 by Leave a Comment
Photo by Jerry Mansker Summary As inventory continues to be scarce, we are experiencing month-over-month increases in median sales prices. This scarcity is also creating a high demand for homes causing the number of existing home sales to also increase. As northern Nevada's weather continue to get warmer, we are cautiously optimistic that sales numbers will continue to rise in the next few months. Fernley Median Home Sales Price February 2013 median home price increased 16.5% to $112,400 compared … [Read more...]
Fernley Short Sale Sold 1371 Shadow Lane
February 7, 2013 by Leave a Comment
This beautiful 3 bedroom, 2 and one half bath home with a 3 car garage was sold on Tuesday, February 5 by Sandra Mathewson. Located in the Sundance community, a two story home, 2159 square feet with lots of upgrades. An incredibly immaculate home with a formal living and dining room, expansive family room with a gas fireplace, kitchen nook and breakfast bar, lots of cabinets and all upgrdaded black appliances including gas stove, stove, microwave and side by side refrigerator. The yard was fully … [Read more...]
Reno Sparks, Nevada Homes and Real Estate Report December 2012
January 23, 2013 by Leave a Comment
Shortage of homes, rising prices, and low interest rates. Now is the time to buy or sell a home in Reno and Sparks. Call Sandra for a consultation (775) 287-8222 Summary We have not see this escalation in home pricing for more than eight years. In 2003,2004 and 2005 the sharp increase in pricing could be attributed to high demand and overly relaxed lending guidelines. In today's market, credit requirements are strict, but demand is outpacing available inventory. Reno Sparks … [Read more...]
Reno, Sparks Nevada New Homes; Challenges for Home Builders
January 7, 2013 by Leave a Comment
Builders Were Growing Again in 2012, But New Challenges Lie Ahead for New Home Construction in Reno, Sparks and Fernley Nevada In 2012, we saw a handful of home builders slowly start to build a few homes. The buyers were waiting, and the builders were able to advertise, sell homes and once again start breathing. Market watchers expect housing's growth to continue through at least the next two yars. But the industry faces challenges that include a still-shaky economy, a potentially tougher regulatory climate, … [Read more...]
Reno Sparks Homes and Real Estate Market Report September 2012
November 15, 2012 by Leave a Comment
Summary With the volume of sales and pending sales, we have been depleting the available existing inventory. It's normal to see a downturn in home sales after the school year starts, but the drop in sales is also impacted by the low inventory. Reno Sparks Homes Median Sales Price September 2012 median price was up 1.7% to $178,000 compared to $175,000 in August 2012 and up 19.5%. Median price is defined as the mid-point where for the time period identified, the price for one-half of the sales are … [Read more...]
Reno Short Sale Sold, Sandra Mathewson RE/MAX
November 7, 2012 by Leave a Comment
Chava, my first time buyer bought this great home near UNR where she is a graduate student. The home is 3 bedrooms, 2 baths and is 1336 square feet. A large greatroom with a brick wood-burning fireplace, remodeled kitchen with new appliances, counters and cabinets. The backyard has mature trees, a spacious deck and beautiful views of downtown Reno. Chava talks about her first home experience. … [Read more...]
New Guidelines Will Make Short Sales Easier for Military Homeowners
June 23, 2012 by Leave a Comment
Under a new guideline, military members with Fannie Mae or Freddie Mac loans will now have an easier time with short sales. Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco announced in a release Thursday that military homewoners who receive Permanent Change of Station (PCS) orders can sell their homes via short sale without having to go into default first. "It is in everyone's interest for the men and women serving in our armed forces to focus on the important job they are doing … [Read more...]
