13 ways this blog will help you:

1.  The most comprehensive "how-to" guide in doing Short Sales in Reno!

2.  Gives buyers (and sellers too!) honest, unbiased and straightforward analysis of the Reno real estate market.
3.  Shows you what's happening in the market of your desired area (Ex: South Reno).

4.  Gives you a detailed, easy-to-follow plan to help you make the best possible decision on your investment.

5.   Tells sellers how to become shrewd (in a good way-- "as innocent as doves").

6.   You will learn from my own and my top investor's mistakes.

7.  Gives you our team's (research-based) real estate investing strategies, saving you time and money.

8.  Frees you from unnecessary worry before buying and selling a house in Reno (knowing deep inside you should have done your homework).

9.  Don't like reading a lot? We have videos explaining current Reno market conditions.

10.  Like a patient mentor, our aim is to answer your questions about the Reno real estate market. If we don't know the answer, we promise we'll try our best to find it.

11.  You'll be ahead of the mainstream news media and 90% of the Reno-Sparks population in knowing what the Reno-Sparks market is doing.

12.  Be the first to learn exciting market opportunities! While some people aim to survive a real estate recession, we look for opportunities the market is giving us.  And there are exciting opportunities.

13.
  Gives you personal, un-biased opinion about your current real estate situation. (Send us an email or call us. We may be helping a number of people at a given day, please expect a 24 hour turnaround time.)

"If there is someone who should have listened to Joe but didn't, it is me. Joe told me I needed to sell by summer of 2007, I thought the market was going to get better and decided to do otherwise. Learn from my lesson even If you don't agree on him, listen to what he has to say. You will not be disappointed."
--Emily Abadia

"I hope every buyer in Reno would have the chance to read 'reno home blog' before buying a house."
--Tony Lim, former Reno real estate agent

"Joe's your man if you need someone to trust. Joe Salcedo is a hard working Realtor. Joe is very professional and will go the extra mile."
--Philip Duane Johncock


Reno real estate: "night is darkest just before dawn"

| Your thoughts?
blog.dawn.jpg

picture by: Jim Patterson


"The banks are going to unleash hell by flooding the market with REO's."

"More REO's in the market soon! Says expert."

"Loan modifications begin to default on mortgage payments again! Will prolong real estate depression."


Gloomy predictions. Do we take heed? Maybe.

But how's panic going to help us? I won't argue that these dire predictions come from a market truth--we're still not over the hump. But we also need to see the numbers:

Demand continues to soar:

Thumbnail image for blog.RenoDemandSOLDJan2010.jpg



Supply is all time low:

Thumbnail image for blog.RenoSupplyJan2010.jpg


"The night is darkest just before dawn"

The Reno real estate market reached it's peak in late 2005.  By 2006 in started to decline. We're heading to our fifth year of real estate recession.  History tells us that real estate downturns take 3-5 years.

$150,000 and below are beginning to stabilize, just ask the first time home buyers who are fighting it our on multiple offers.  Wait 'til summer comes. 

I think it's time to hope. 


Somerset pool

"The clubhouse pool at Somerset" 

                                                -----------------------------------

"Buyers can get a bird's-eye view on the overall Supply & Demand for the Reno Somerset-Northwest  areas"

                                                -----------------------------------

About: An in-depth look at the Reno-Northwest (MLS area: 120), Reno Northwest Suburban (MLS area: 121)  & Reno-Somerset (MLS area: 122) real estate market areas.

I used to follow the 'Days on the market' statistic to keep up with the trend in these areas but Craig King, our chief operation officer, advised me to use MSI instead.  He is right.  MSI (months supply of inventory) has turned out to be more dependable.  Thanks Craig.

You can come up with the Months Supply of Inventory by dividing the number of listings by the number of sales.

Hope it helps. 

Time period of December 2005 - January 2010.   

WIIFM (what's in it for me?): This is crucial information for home buyers and home sellers in the Northwest Reno area. 

Sellers can get a realistic estimate on how long it would take for their homes to sell.

Buyers can get a bird's-eye view on the overall Supply & Demand for the Reno-Northwest  areas- comparing the ratio of homes for sale,new homes on the market and homes sold. 

Highlight(s):        

                                      ---------------------------------------------------

"Inventory (MSI) is at a thrilling 2.7 months!"

                         ----------------------------------------------------

  • (January 2010) Summer is going to make life hard for buyers under $170,000.
  • (October 2009)  Median price is still going down but not as much as a year ago.  Inventory (MSI) is at a thrilling 2 months! (Meaning at current pace it'll take 2 months to sell all inventory).
  • (August 2009) Median price in the Northwest area (graph not shown)--though still going down as a whole-- is starting to fight back.  One month is up then the next is down.  But more up months than in the past two years.  Starter homes priced below $180,000 has been very attractive for a lot of buyers--first time and investors.
  • (July 2009) MSI (inventory) is down (a good sign).  People are buying a lot of homes in this area supply can't even keep up.  But prices have yet to hit bottom.
  • (June 2009) Supply is still on a nose dive.  Demand is up the roofs.  Inventory (inevitably) is way down (a good sign).
  • (May 2009) Inventory is at 2.5 months--a two-year low (positive sign)!
  • (Apr 2009) Homes sold and homes in contract are going up since January 2009.  MSI (inventory is down to 2.1 months! a good sign).  If you are thinking of selling your home, pay attention to this data--sell while supply is low! Median price is still going down--but I wonder for how long?
  • (Mar 2009) Demand (higher) and MSI (lower) continue to perform well.  A very good sign. 
  • (Feb 2009) 3.6 months supply of inventory is even better than last month's low number (lower is better).  Sellers are still wary of the market, but expect this to go up come spring and summer.  Sellers, now is the time to prepare for the summer buyer rush.
  • (Dec 2008) Inventory is down.  Demand is even. Months supply of inventory is at 6.4 mos (from 11.3 months!).  This is good numbers!
  • (Oct 2008)  Median price continue to go South.  But demand is still going up since January  of this year.  Supply is lukewarm.
  • (Sept 2008) Demand continue to go up.  Supply is still relatively low if you compare  it from the previous three to five years.  Median price continue to struggle but MSI (months supply of inventory) is low (a good sign).
  • (Aug 2008) I haven't seen supply and demand this good in years!  Reno-Northwest and Somersett area seems to be heading for a market bottom in terms of demand.  Hope the price reaches a bottom as well.  We'll wait and see.

Click Here To Read History of Comments

                                           -----------------------------

Call Joe at 775-338-7653  for a Free-No Pressure - No Obligation Market Analysis of s specific zip code you are interested in!

                                           ------------------------------

Graph(s):

Supply: Somerset-Northwest Real Estate

blog.somerset.FS Jan2010.jpg(click image to enlarge)




Demand: Somersett-Northwest Real Estate

blog.somerset DEMANd Jan2010.jpg (click image to enlarge)


MSI- Months Supply of Inventory

blog.somerset MSI Jan 2010.jpg (click image to enlarge)



Months supply of inventory

  • Jan '09:  2.7 mos.
  • Dec '09:  5 mos.
  • Nov '09:  5.3 mos.
  • Oct '09:  4.4 mos.
  • Sep 09:  3.5 mos.
  • Aug '094.0 mos
  • July '09:  4.3 mos.
  • June '09:  5.2 mos.
  • May '09:  4.7 mos.
  • April '09: 4.0 mos.
  • Mar '09:  6.3 mos.
  • Feb '09:  5.6 mos.
  • Jan '09:  7.5 mos.
  • Dec '08:   8.8 mos.
  • Nov '08:  11.8 mos.
  • Oct '08:  10.3 mos.
  • Sept '08:  7.8 mos.
  • Aug '08:  10.2 mos.
  • Jul '08:  9.2 mos.
  • Jun '08:  8.8 mos.
  • May '08:  8.8 mos.
  • Apr '08:   7.9 mos.
  • Mar '08:   8.5 mos.
  • Feb '08:  10.2 mos.
  • Jan '08:  13.6 mos.
  • Dec '07:  25.4 mos.
  • Nov '07: 14.1 mos.
  • Oct '07:   14.7 mos.
  • Sep '07:  16.0 mos.
  • Aug '07:  12.7 mos.
  • Jul '07:    8.5 mos.
  • Jun '07:   8.0 mos.
  • May '07:  8.1 mos.
  • Apr '07:   6.5 mos.
  • Mar '07:   10.6 mos.
  • Feb '07:   6.6 mos.
  • Jan '07:   7.4 mos.
  • Dec '06:  13.1 mos.
  • Nov '06:  11.1 mos.
  • Oct '06:   11.9 mos.
  • Sep '06:  15.2 mos.
  • Aug '06:  10.3 mos.
  • Jul '06:    11.7 mos.
  • Jun '06:  12.0 mos.
  • May '06:  9.1 mos.
  • Apr '06:   9.8 mos.
  • Mar '06:   7.8 mos.
  • Feb '06:   10.6 mos.
  • Jan '06:   12.4 mos.

Number Of Homes For Sale:


  • Jan '10:  351
  • Dec '09:  351
  • Nov '09:  357
  • Oct '09:  383
  • Sep '09:  414
  • Aug '09:  414
  • July '09:  439
  • June '09:  418
  • May '09:  414
  • Apr '09:  435
  • Mar '09:  433
  • Feb '09:  438
  • Jan '09:  424
  • Dec '08:  445
  • Nov '08:  460
  • Oct  '08:  489
  • Sep '08:  531 
  • Aug '08:  552
  • Jul '08:  577
  • Jun '08:  560
  • May '08: 542
  • Apr '08:  531
  • Mar '08:  530
  • Feb '08:  505
  • Jan '08:  489

  • Dec '07:  477

  • Nov '07:  470

  • Oct '07:   545

  • Sep '07:  512

  • Aug '07:  566

  • Jul '07:   578

  • Jun '07:  602

  • May '07:  570

  • Apr '07:   542

  • Mar '07:  497

  • Feb '07:  475

  • Jan '07:  534

  • Dec '06:  524

  • Nov '06:  611

  • Oct '06:   687

  • Sep '06:  739

  • Aug '06:  804

  • Jul '06:   763

  • Jun '06:  763

  • May '06:  680

  • Apr '06:   577

  • Mar '06:  548

  • Feb '06:  482

  • Jan '06:  478

  • Dec '05:  481

Number of Homes SOLD:

  • Jan '09:  45
  • Dec '09:  53
  • Nov '09:  65
  • Oct '09:  85
  • Sep '09:  74
  • Aug '09:  66
  • July '09:  68
  • June '09:  69
  • May '09: 48  
  • Apr '09:  66
  • Mar '09:  59
  • Feb '09: 36
  • Jan '09:  28
  • Dec '08:  37
  • Nov  '08: 38
  • Oct  '08:  44
  • Sep '08:  54
  • Aug '08:  50
  • Jul '08:  56
  • Jun '08:  52
  • May '08:  49
  • Apr '08:   50
  • Mar '08:  36
  • Feb '08:  29
  • Jan '08:  17

  • Dec '07:  27

  • Nov '07:  27

  • Oct '07:   35

  • Sep '07:  32

  • Aug '07:  53

  • Jul '07:   52

  • Jun '07:  62

  • May '07:  52

  • Apr '07:  51

  • Mar '07:  47

  • Feb '07:  51

  • Jan '07:  33

  • Dec '06:  40

  • Nov '06:  42

  • Oct '06:   42

  • Sep '06:   49

  • Aug '06:  55

  • Jul '06:    52

  • Jun '06:  58

  • May '06:  48

  • Apr '06:  48

  • Mar '06:  41

  • Feb '06:  37

  • Jan '06:  29

  • Dec '05:  50

Community Links:


P.S-   If you have some comments or would like to correct anything in the article,kindly send your thoughts I'd love to hear them!  You can also call me on my cellphone for any questions you may have: Joe- 775-338-7653


*  Reno Northwest,Reno Northwest Suburban & Reno Somerset

* Residential homes site/stick built

Updated: Feb 19, 2010 (16'th update)

Source: Multiple listing Service

Next Release Time: Mar 4 ,2010  (Every 4'th of the month)

Reno Real Estate: Supply (Updated)

| Your thoughts? (8)
Reno BBQ Blues Festival

"Reno BBQ Blues Festival" 

                                         __________________

    "A healthy real estate market is healthy supply and demand"
                              _____________________

About:  We will be looking at the  number of homes for sale in Reno,NV starting from November 2005 - January 2010.

WIIFM(what's in it for me?): By following the number of homes for sale in the Reno Real Estate market we will understand the overall supply in the Reno market.  Here you will be able to compare exactly how the inventory of homes have been going up or down (broken down per month for the past forty-seven months).

Highlights: 

  • (Jan 2010)  I needed to re-do the numbers in the graph because supply is lowest since I started tracking in 2005.
  • (Oct 2009) Supply is lowest in the last four years--since I started tracking supply of homes in Reno.
  • (Aug 2009) Demand has outpaced supply (for a while now), months supply of inventory shows us that at 2.5 months!
  • (July 2009)  Supply dips again.  Ohh boy, we need more supply! Homes are getting 7 - 8 offers in some case (under $200,000 in a great location).
  • (June 2009) Supply is picking up.  Demand up by 44 homes.
  • (May 2009) Supply is even lower this month (Why?!).
  • (April 2009) Supply is lowest in two years.
  • (Mar 2009)  Months supply of inventory is down to 4.3 months! (A great sign of increased demand).
  • (Feb 2009) Down by 100 from last month.  Sellers confidence still low compared to the past three years (see graph).
  • (Jan 2009) Inventory continue to go down, from 2,611 to 2,556.
  • (Oct 2008)  Median price still going South.  But I notice a trend, similar to what's happening to the different areas in Reno; though the median price is going down, demand is up and supply is lukewarm.
  • (Sept 2008) After five straight months (Feb-July) of increased inventory, September's  supply of homes in Reno goes down a notch.
  • (Aug 2008) After a ninety-one homes increase last month, August's supply of homes dips to 2906 homes.  Overall supply is still going up since January of this year.  A good sign especially if it continues to go up all the way through winter.

                                --------------------------------

"If you have a more specific question about the Reno or Sparks real estate market, call Joe (775-338-7653) for a no hassle-no pressure phone meeting."

                                ---------------------------------

Observation/comments:

  • (Jan 2010) Buyers of $170,000 and below should buy now instead of waiting for the summer buyer rush.
  • (Oct 2009) Supply is lowest in four years; $200K and below is selling fast.  Median price may be headed for a bottom in a year.
  • (Aug 2009) Many experts say the banks are holding up inventory, But I refuse to be scared of when they "rain" down their inventory but one thing is certain-- demand is going up for more than two years now.  We may be really close to hitting a bottom for homes under $180,000.
  • (July 2009) The flood of home from banks widely predicted is still not raining down.
  • (June 2009)  Some people are predicting a flood of sellers (bank owned, mostly) maybe it's already starting to happen.
  • (May 2009) I'm not sure why there aren't more sellers out there when demand is surging. 
  • (April 2009) If you're thinking of selling your house, in my opinion, this is a good time if not the BEST time, before the summer rush is about to come.
  • (Mar 2009) Supply is continue to slow down, but I expect this to go up come summertime.
  • (Feb 2009) Supply continue to pale.  Summer aims to change this.
  • (Jan 2009) Sellers, with valid reasons, continue to stay by the sidelines.  But sellers should be aggressive (making homes beautiful and priced right) as early as now in preparation for the spring and summer demand.
  • (Dec 2008) I think that more sellers should be out there.  If you study the demand, you will see that demand is slowly moving sideways. 
  • (Oct 2008)  In a healthy market, supply is as strong as the demand.  This, I think, will be one of the major factors in determining a Reno market bottom.
  • (Sept 2008)  Numbers tell a story.  By looking at the supply of homes, you will have an idea about the consumer's confidence toward the market. 
  • (August 2008)  A healthy real estate market is healthy supply and demand.  Both have shown signs of consistent strength this year. I hope it continues.


Graph:


blog.RenoSupplyJan2010.jpg(click image to enlarge)


Reno number of homes for sale:

  • January '10:  1,878
  • December '09:  1,944
  • November '09:  2,060
  • October '09:  2,226
  • September '09:  2,316
  • August '09:  2,391
  • July '09:  2,498
  • June '09:  2,461
  • May '09: 2,447
  • Apr '09:  2,551
  • Mar '09:  2,596
  • Feb '09:  2,582
  • Jan '09:  2,627
  • Dec '08:  2,647
  • Nov '08:  2,787
  • Oct '08:  2,892
  • Sep '08:  2,946
  • Aug '08:  2,952
  • Jul '08:   2,999
  • Jun '08:  2,922
  • May '08:  2,870
  • Apr '08:  2,804
  • Mar '08: 2,689
  • Feb '08:  2,588

  • Jan '08:  2,625

  • Dec '07:  2,645

  • Nov '07:  2,840

  • Oct '07:   3,068

  • Sep '07:  3,096

  • Aug '07:  3,321

  • Jul '07:    3,258

  • Jun '07:   3,207

  • May '07:  3,056

  • Apr '07:   2,905

  • Mar '07:  2,675

  • Feb '07:  2,515

  • Jan '07:  2,696

  • Dec '06:  2,649

  • Nov '06:  3,042

  • Oct '06:   3,345

  • Sep '06:  3,520

  • Aug '06:  3,684

  • Jul '06:   3,548

  • Jun '06:  3,415

  • May '06:  3,121

  • Apr '06:   2,658

  • Mar '06:   2,533

  • Feb '06:   2,259

  • Jan '06:  2,480

  • Dec '05:  2,444
  • Nov '05:  2,700

P.S- If you have something to add about what's happening in your neighborhood or you disagree with me on something or just want to rant about the market; You're most welcome to add to the conversation by leaving a comment .  Thanks!

*  Reno Residential homes site/stick built

Number of updates: 21'th
Updated:  Feb 19, 2010
Source: Multiple listing Service

Next Release Time:  March 7,2010  (Every 7'th of the month)


Sparks Real Estate Demand! (updated)

| Your thoughts? (1)

About:  Number of homes sold in Sparks for the period of Nov 2005- Jan 2010.  If the number of homes for sale show us the supply of homes in the Sparks real estate market, in this post we will be looking at the market's demand side.

WIIFM (what's in it for me?)Our hope is that by showing you the supply and the demand of the Sparks real estate market you can have a bird's eye view of what's really going on in our real estate market.   

We have always carried with us the belief that the market's opinion is far superior than any of us so called 'experts'.  Hope this helps you in your decision-making.

Highlights:

  • (Jan 2010)  As expected winter slows down sales, but it's still a lot higher than the past years (see graph below).
  • (Aug 2009) Sparks is leading the way in sales.  Prices of starter homes are strong! Ask a buyer's agent in this area.
  • (May 2009) demand goes down by 16 homes, but demand is still strong (see graph).
  • (Apr 2009) Another big jump in sales! (+ 17 homes from last month.)
  • (Mar 2009) Sales, literally are off my graph's roof (see graph below).  Highest sales since December 2005!
  • (Feb 2009) Sales up by thirteen homes!
  • (Dec 2008) Sales jump by more than 31 homes!
  • (Nov 2008) After a very good October, sales dipped back to eighty-seven homes sold in November 2008.
  • (Oct 2008)  This was the farthest thing I expected to happen.  Amidst the economic turmoil and financial panic--three year high in homes sold in Sparks!  We cannot argue with the market.
  • (Sep 2008)  Demand continue to go up, though slightly down from the early summer months .  Median price continues to slide.  If demand continues to go up it'll be a good indicator that a bottom is nearing.  Watch out investors!


 

Observation/comments:

  • (Jan 2010) I predict it'll be a very crowded seller's market this coming summer (out bidding each other).  Lesson: buy now, don't wait for summer rush. ($200,000 buyers and below only)
  • (Aug 2009) I hope I can still say that opportunities are still a lot. The $150,000 price range is getting multiple offers!
  • (May 2009) Opportunities are plenty in the $150,000 and below price range.  Look for low price to square foot ratios (ex: $70 / sq. ft)
  • (Apr 2009) Highest demand since I started tracking data back in December 2005!
  • (Mar 2009) Sales are sky rocketing.  Though median sales price is still hurting, this is a very encouraging sign that the bottom in prices might not be too far from us.
  • (Feb 2009)  I see something  good happening, though the median price in Sparks is still going down, current sales is higher compared to the last few years(see: graph) if this continues the bottom might not be too far from us.
  • (Dec 2008) I'm really encouraged by what I'm seeing.  Notice the current sales is at a similar level when I started gathering numbers back in 2005 (a very good year).
  • (Nov 2008) After having amazing sales last month, demand drops.  But the overall trend is still positive, let's wait and see if this continues.
  • (Oct 2008) Sparks demand is in a three-year high (since Nov 2005)!
  • (Sep 2008)  If you're buying a home in the $210,000 and above price range, know that it is still a buyer's market.  Take your time, but be decisive once you find what you want that fits your budget and of course, your dreams.


                                    -----------------------------------

"Thinking of buying? Call Joe today for a no-hassle-no-pressure
talk about the home that's right for you.  Joe:775-338-7653"

                                   ------------------------------------


Graph:

blog.sparks DemandJan2010.jpg


 (click image to enlarge)


Raw Numbers:

  • Jan '09:  105
  • Dec '09:  149
  • Nov '09:  146
  • Oct '09:  152
  • Sep '09:  173
  • Aug '09: 141
  • July '09: 144
  • June '09: 178
  • May '09:  127
  • Apr '09:  142
  • Mar '09:  121
  • Feb  '09:  103
  • Jan  '09:  88
  • Dec '08:  104
  • Nov '08:  81
  • Oct  '08:  120
  • Sep '08:  100
  • Aug '08:  99
  • Jul '08:   106
  • Jun '08:  104
  • May '08:  99
  • Apr '08:  103
  • Mar '08:  64
  • Feb '08:  53
    · 
  • Jan '08:  51
  • · Dec '07:  57
  • · Nov '07:  57
  • · Oct '07:  71
  • · Sep '07:  76
  • · Aug '07:  89
  • · Jul '07:   94
  • · Jun '07:  87
  • · May '07:  91
  • · Apr '07:   92
  • · Mar '07:  94
  • · Feb '07:  66
  • · Jan '07:  65
  • · Dec '06:  75
  • · Nov '06:  79
  • · Oct '06:   108
  • · Sep '06:  114
  • · Aug '06:  114
  • · Jul '06:     98
  • · Jun '06:   114
  • · May '06:  96
  • · Apr '06:   104
  • · Mar '06:   110
  • · Feb '06:  93
  • · Jan '06:  77
  •   Dec '05:  94
  •   Nov '05:  100

 

*  Sparks Residential homes site/stick built

Updated: Sept 21, 2010
Number of updates: 17'th
Source: Multiple listing Service

Next Release Time: Oct 19, 2010  (Every 19'th of the month)

blog.magnifying glass.jpg By: deejaynye

About: A few questions came into mind  two days ago while I was browsing through some real estate stats at the office:  ' how is the real estate market of Reno,Sparks & Carson City compare to each other?'

And 'who is holding up best among the three major cities of Northern Nevada?'

Thank God for technology, it is not as hard as it used to to chase after these questions.  And chase I did.  It was enlightening. 

We will compare the LTM vs PTM:

LTM- last twelve months
PTM- previous twelve months


WIIFM (what's in it for me?)

If you are like me I get confused by the countless opinions,facts and real estate tidbits out there.  I used to think that the Sparks Real Estate Market was experiencing a deeper correction than Reno.  Then I switched (with some data backing this belief).  Sparks real estate was in a better shape.  'Oh I don't know anymore.' 

But this new data I uncovered delivers hope.  Compared to my past attempts to differentiate the Reno,Carson and Sparks real estate markets this is by far more authoritative.  It is true what they say, 'we learn as we go'.


Highlight(s): 

  • (January 2010) The graphs looked remarkably different since I started two years ago--POSITIVE numbers on units and volume! Median prices is stronger than few years ago (though still going down).
  • (August 2009) Sparks is leading the way.  More homes are sold in Sparks than in Reno and Carson.  Median prices are still falling due to mid to high end homes ($400,000 and up).
  • (July 2009) Sparks number of homes sold is up by 50%.  Reno is up by almost 30%.  Homes are being sold!  While prices have yet to find a bottom.
  • (June 2009) Home Prices in Reno, Sparks and Carso still down (3rd graph).  Even though demand for Reno and Sparks is going off the roof (low priced homes).
  • (May 2009)  After a big improvement last month, demand (units sold) is up again (Reno: +4.42% / Sparks: + 1.8% / Carson: 1.21%).  Median price (though still going down) also improved (Reno:  1.04%  /  Sparks: 2.8% / Carson: .39%)
  • (APRIL 2009) There's a shift happening.  You can see the graphs from last January so you can compare the difference from this month's numbers.  Median price is still going South, but volume and units and even prices are improving.
  • Watch out for Sparks! Whew..out of no where Sparks looks poised to be the first city to find a bottom.
  • Units and volume continue to inch their way up (a good sign) while median price continue to go down (not a good sign).  This does not necessarily mean that all price ranges are headed downhill.  There are stable markets out there that are showing strong median prices.
  • Sparks home inventory increased by  2.76%, while Reno and Carson also experienced higher number of homes in the market.  This is a positive sign contrary to popular belief. 
  •  Confident sellers play a vital role in a healthy market.  Wait 'till median prices catch up.  By simply looking at these factors (supply and demand,median price) rest assured you will have a huge edge in determining if the market has indeed bottomed.

Graph(s): 

Percent Growth- $ Volume

blog.carsonVolumeJan2010.jpg




Percent Growth- # Units

blog.carsonUnitsJan2010.jpg



Reno,Sparks & Carson Median Prices. (what is median price?):

blog.CaughlinMPJanuary2010.jpg



Community Links:

Number of updates: 17'th
Updated: January 2010
Source: Multiple listing Service

Next Release Time:  Mar 17,2010 (every 17th of the month)
*Residential homes site/stick built