Reno real estate: the rise of the $100,000-200,000 homes

There were 134 homes sold in Reno last month. 58 of the homes were in the $100,000-$200,000 price range.

It is startling for me to personally witness the massive rise in this market.  I'm excited about the affordability of homes in Reno.  I had buyers back in 2005 and 2006 who wanted to buy a home but could not afford the monthly payments.

The rise of $100,000-$200,000 means one thing: more people who can afford it can own a home.  The past few years were flipper's market--over leveraged buyers who were eating more than what they can chew.

And to add to that, our population is still steadily increasing (we have increased 17% from year 2000)--potential buyers!

Buyer's graph from 2007-present:

 (click image to enlarge)



Seller's graph from 2007-present:

 (click image to enlarge)