Latest Reno-Sparks Housing Sales Report! 2nd Qtr. 2007

What You can get from this post: Know what the Reno-Sparks home market did on the 2nd Quarter of 2007. Based on the most current housing sales I could find.

Alright I am back to business my dear friends.  I told some friends of mine  a couple of days ago that ' My occupation is my recreation'  I am not kidding. 

It is 1:32 AM.  I find it amusing that people can spend hours and hours rehearsing a performance for a Stage play, dance number  or a music gig and not feel tired or even cranky .
They are just 'Feeling' it. Their eyes burn with passion for their craft ' Ian, I can do this all day and not be paid a cent and I can sleep with a smile on my face' And I look at them and think, ' Wow! wish I could do that'  Now, that is WORK for me.

But on the other hand, give me a stack full of good, raw local real estate data and I could read every single one till' I fall asleep. I love doing those kinds of stuff. I am lavishly motivated by the challenge of finding the next  big clue to a better understanding of the Reno-Sparks home market. I am a rare bird. (be the judge if its for the negative or the positive).
And the odd part of it is, Math was never a favorite subject. I was below average in my analytical skills.  I was the one who wanted 'group' projects so I can speak in front of the class for my teammates while they do all the research (the hard work). I guess people do 'evolve' one way or another.

Ok friends back to business..

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• RENO NUMBER OF SALES: *We are down -31.5% from the 1st Quarter of 2006 VS 2nd quarter of 2007. Median  sales price went down -11.4% in the same time period.

• SPARKS NUMBER OF SALES:  * We are down -27.5% from the 1st Quarter of 2006 VS 2nd quarter of 2007. Median  sales price went down  -18.2%

• For some good news in Sparks: There were 441 homes sold in 2nd Quarter of 2007 VS. 375 in the 1st Quarter of 2007 a 17.6% increase.

• For some good news in RENO: There were 852 homes sold in 2nd Quarter of 2007 VS. 815 in the 1st Quarter of 2007 a 4.5% increase.

* New & existing home sales were added up together.

Hope this post answered some of your questions about the current state of our market. Feel free to ask some questions if something is not clear.