Guy's Blog

Well...at least June's median sold price drop was not as dramatic as May's, but we're still looking at a new low... $254,000.  On the plus side, units sold for June was way up.  With 387 residential properties sold in June, that's an increase of nearly 13% over May's number of Solds.  In fact, it...

Wow! The median sold price took a huge drop for the month of May - 5.2% lower than April's median.  Granted, all sales for May might not be entered into the MLS yet, but even so I don't see the median fluctuating that much.  Note also that the median For Sale price has remained unchanged since Fe...

Many recent comments on my local Reno Realty blog have been made regarding how the reported median home prices don't tell the whole story when it comes to home values in Reno.  For this reason many of our readers have expressed a desire to see $/sq.ft. sold price data - the idea being that the $/...

Washoe County re-sales increased for the third consecutive month (up 20% over March); however April new homes sales decreased in April over March (down 11%).  Summing re-sales and new home sales results in a nearly 9% increase in Washoe County recorded home sale recordings for April over March.  ...

A 31% increase in the month-over-month number of homes sold in April stands out as the big news this month.  I, as well as many agents in my office, can attest to the increase in client activity lately.  These numbers seem to support our perception.The median sold price also increased for April, ...

While writing my last post it occurred to me that also tracking closings per type of  “special condition of sale” would be an interesting exercise. As of today our MLS is showing 4,305 listings [Reno-Sparks residential]. Breaking out these by the new “Special Condition of Sale” field yields: "Spe...

Having just experienced yet another “pending” short sale fall out of escrow, I am wondering if these “transactions in limbo” can really be considered as Pending.  With no meaningful time lines given by the lenders who are supposed either approve or not approve a pending offer on a "short sale"; d...

Units sold are up for the second consecutive month in Reno Sparks; with March sales showing a 8.2% increase over February units sold. Unfortunately the number of houses for sale increased 2.8% during the same period.  To put real numbers to the percentages:  March saw an additional 111 homes adde...

Both the number of new homes sales and the number of re-sales in Washoe County increased for the month of March according the most recent data distributed by our friends at Ticor Title.   March re-sales were up 15% over February's units sold.  And new home sales were up a whopping 48% over Februa...

Today is National Start! Walking Day…at least according to the American Heart Association.  I saw the article in this morning’s RGJ Neighborhood & Voices section.  While I believe in the benefits of walking (or most exercise, for that matter), what I found most interesting were the stats quoted f...