July, 2008 Reno-Tahoe Real Estate Market Snapshot
Scan the information in this blog post to see the disproportionate amount of foreclosure homes selling (32%) compared to the number of foreclosure listings (10%). Why is this? Banks are setting prices below market which attracts more buyers, more quickly.
The tables below illustrate what percentage of the market (in terms of SOLD and ACTIVE listings) is bank owned, short sale, or all other types of listings. The listings in this analysis include all single family listings (stick built, condo/townhouse, manufactured). The data source is the regional MLS which covers a broad geography (Washoe, Lyon, Storey, Churchill, Douglas, and Carson City counties).
Summary of Active Listings
|Listing Type||% SOLD-LIST Price||Quantity Sold||% of Total Sold|
|Total Homes Sold||567||100%|
Summary of June, 2008 SOLD Listings
|Listing Type||Quantity Listed||% of Active Listings|
|Total Active Listings||7,561||100%|
- Reno-Tahoe Foreclosure Home Buying - 101
- Reno-Tahoe Foreclosure - Email Alerts - updated daily
- Reno-Tahoe Sold Prices - updated monthly
- Reno-Tahoe Market Report - updated monthly
If you have any questions, please call me at 775-315-4424. I will be updating the references above in the coming days with all of the details supporting this post - sold homes, foreclosure homes, etc.
Broker - CalNeva Realty