Reno Real Estate Market Trends
(Updated for 2013)
"A picture is worth a thousand words"
I wrote this post as an instant guide for buyers and sellers interested in Reno real estate. If you are a busy bee and like it simple and clear, this is for you:
Reno-Sparks Percent Change (1979-2012)
Reno Real Estate Supply(2005-2013)
Reno Real Estate Demand(2005-2013)
(Scroll below to see more Reno real estate graphs)
Buying or Selling a home?
Benefits of working with Janice:
Character
- Peace of mind: Knowing that your agent looks out for your best interest. Janice will tell you the truth whether it benefits her or not. Intellectual honesty.
- Someone who cares: We've written over 300+ articles in the last 7 years, helping hundreds of people make the best possible decision in buying/selling homes in Reno-Sparks.
- Community:One of Janice's passion is being part of NLCC's "after school program", helping kids in her community with their homework.
Skills
- Market knowledge: Janice and her Reno Home Blog team studied and followed the Reno-Sparks real estate market since 2006 (median prices, supply & demand and months supply of inventory).
- *First Class Marketing: has a dynamic marketing team behind her to help sell your home, affliations include Leading Real Estate Companies of the World (RELO),.ferrari-lund.com, RenoSparksRealEstate.com, Zillow, and commitment in using first class advertising and branding materials to market your home.
- Negotiating: has successfully negotiated more than one hundred deals since 2005. Uses persistence and market knowledge to leverage negotiations (buyers/sellers market?).
*Note: This is just a small part of our marketing plan for sellers. For complete list, call Janice 775-561-4000
"Only first class business, and that in a first class way."
"AWSOME, TIRELESS, PROFESSIONAL!!! We have recently purchased for our business, two rental properties using Janice, and are currently trusting her to find our "Dream Home". There is no doubt in my mind that she will and that she will not rest until escrow has closed! We HIGHLY RECOMMEND Janice!!!" - Ed & Stephanie, investors
"In a nutshell, Janice is calm, level headed, a go getter, genuinely cares about her clients and their well being, will not play games with you, and will work hard to get you what you want. She is easy to talk to and knows the area well. " - - J. Steen
CALL 775-561-4000 TO TALK TO JANICE TODAY!
Reno Median Sales Price 2006-2011 (New & Existing Homes)
Reno New Homes Sales Price 2006-2011
Reno Foreclosures 2008-2010
Reno Median Price Per Square Foot (2006-2011)
Reno Real Estate Bubble Years (2000-2005)
A year of unprecented real estate growth in home values in Reno-Sparks.
Reno Real Estate Bubble Burst: August 2005
A year of unprecented real estate growth in Reno-Sparks ENDS, followed by a free fall.
Targeted Market Report Divided by Price Range
Each cateogry is divided into different price points that will instantly give you a clear picture on the activity in your specific market.
I've seen sellers who lost tens of thousands of dollars simpy by not knowing when to sell. Back in 2007, a client of mine could've sold her home at a decent profit ( About $20,000), but she decided to wait 'till the market goes back up again. The data clearly showed that the Reno real estate market was still going down. But her price point ($235,000), at that time, had lots of activity making it possible to still net a profit. She decided to hold on to her house for another year or so. The result was she lost her home completely (negative equity).
For buyers, knowing which price points are active and stale gives you an advantage on how to position your offer. For example, if you look at the numbers below, the $100,000 to $200,000 price range, contrary to popular belief, has healthy activity. If you find a really nice house in that price range (top 3 in the market in price and condition), know that chances are you will have other buyers interested in that home. Be more cautious in making a low ball offer.
Hope it helps....(Proceed to Reno Real Estate page)
Reno Sparks Real Estate Bubble (graph) and current median price for Reno real estate
Las Vegas, NEVADA number one in market turnarounds of 2012
Reno Real Estate: Number of Sales (2006-2010)
Reno Real Estate: Median Price Per Square Foot (2006-2010)
Reno Real Estate: Median Home Price 2006-2010
$0 - $100,000 Reno Market (2 Year Chart)
$100,000 - $200,000 Reno Market (2 Year Chart)
$200,000 - $300,000 Reno Market (2 Year Chart)
$300,000 - $400,000 Market Trend (2 year chart)
$400,000 - $500,000 Reno Market (2 Year Chart)
$500,000 - $600,000 Market Trend (2 year Chart)
$600,000 - $700,000 Market Trend (2 year Chart)
$700,000 - $800,000 Market Trend (2 year Chart)
$800,000 - $900,000 Market Trend (2 year Chart)
$900,000 - 1 Million Market Trend (2 year Chart)
| Customer Service: | 775-561-4000 | Email: | janice@janicemcelroy.com |
| Office Address: | 500 Damonte Ranch Pkwy., Suite 804 Reno,NV 89521 |
Disclaimer: All information in this Blog are deemed reliable but not guaranteed. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions."