Guy's Blog

When I post median sales data, be it Asking price, Pending price or Sold price, I usually break out the data by MLS area. Lately, I've received emails asking about breaking out the numbers by zip code. Below are the median sold prices and units sold for the month of July 2007 for zip codes surrou...

I frequently receive questions from prospective Buyers (and Sellers, for the matter) wanting to know what are the specific boundaries of the MLS areas that comprise the Reno Sparks marketplace.  I usually describe the boundaries of the area(s) in which they're interested, and then follow-up with ...

Last week I mentioned the addition of the CDOM (cumulative days on market) field coming soon (September 2007) to listings in our MLS.  Keeping the improvements coming, this week the powers that be announced that effective September 1, 2007 "A listing that has been in any off-market status (expire...

Looks like the Reno-Sparks market experienced a 0.5% dip in the median sold price for July vs. June. Has the upward trend we've observed since January stopped? Perhaps. Inventory continues to rise; as does the median "For Sale" price. July's number of units sold is the same as that for June.  But...

I recently analyzed the Reno/Sparks real estate market to determine the correlation between Days on Market (DOM) and the Sold/List price ratio.  I looked at Solds during the first half of 2007.  2,273 homes (excluding manufactured) sold in the Reno-Sparks market area during that time.  The result...

The latest Northern Nevada Regional MLS newsletter [yes, I read it] contained a couple announcements that I was pleased to see.  Firstly, the user interface of Paragon (our MLS online application) has been redesigned to provide a consistent look and feel across all functions.   Named "Paragon 4",...

In early May I posted (on my other blog: renorealtyblog.com) a table showing the proportion of vacant listings by MLS area in Reno-Sparks.  Today I recompiled the numbers and updated the table. Overall the proportion of vacant listings in Reno-Sparks has remained unchanged at 34%.  However, on an...

I had a listing close escrow on Thursday.  The home was one of Monterey Development Group's courtyard homes located in the Village at Somersett Town Center.  I took the listing in February of this year.  The Sellers had previously listed it with another agent for $475,000.  After receiving no int...

I am a regular contributor to the Reno Realty Blog.  This popular blog describes itself as "Musings on the Reno Sparks real estate market" and has one of largest readerships of any real estate blog in Reno.    You may access this blog at the following web address: Reno Realty Blog