Real Estate Blog

Conclusions for the 2018 Reno/Sparks April Market Update

“New listings in April were down 13 percent compared to April 2017. The lack of supply will likely cause monthly sales to be lower compared to the same time last year. Supply has not kept up with demand.” - Doug McIntyre, 2018 RSAR President

  • The April median price at $374,000 is down less than 1% from March and up 15% from a year ago.
  • April unit sales at 483 are down 12% from March and down 7% compared to April 2017.
  • April new listings are up 11% at 646 compared to March and down 13% from a year ago.
  • The Reno market is a seller’s market, at 1.3 months supply of inventory.
  • The April median sales price at $374,000 is down slightly from March 2017. The Reno area median sales price,
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  • 4 Bedrooms
  • 2 Bathrooms
  • 1 Half Bathroom 
  • 2 Car Garage
  • 2,964 Square Feet
  • This beautiful home is located in the Foothills at Wingfield Springs. Call us for details!

 

 

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Reno/Sparks Market Report May 2018

 

 
 

Happy May!

Montgomery Real Estate Group at Keller Williams Sparks is a local real estate brokerage specializing in selling and buying homes in 89436 and 89441 in Sparks, Wingfield and Spanish Springs. Our team of top ranked REALTORS®  are dedicated to helping home buyers and sellers from contract to closing, and exceeding our clients' expectations.

 
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Conclusions for the 2018 March Market Update

“The lack of inventory continues to drive sales price up. First quarter new listings were up 1% compared to the same period 2017,” said Doug McIntyre, 2018 RSAR President. “While this is not keeping up with demand, it’s a positive early indicator as we approach the spring selling season.”

• The March median price at $375,000 is up 2% from February and up 18% from a year ago.

• March unit sales at 528 are up 19% from February and down 6% compared to March 2017.

• March new listings are down 3% at 551 compared to February and down 20% from one year ago.

• The Reno market is a seller’s market, at 1.1 months supply of inventory. Months supply of inventory is the time it would take to exhaust the

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Reno/Sparks Market Report April 2018

 

 
 

Hello!

Montgomery Real Estate Group at Keller Williams Sparks is a local real estate brokerage specializing in selling and buying homes in 89436 and 89441 in Sparks, Wingfield and Spanish Springs. Our team of top ranked REALTORS®  are dedicated to helping home buyers and sellers from contract to closing, and exceeding our clients' expectations.

 
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Conclusions for 2018 February Market Update

• The February median price at $370,000 is up 3% from January.

• February unit sales at 429 are up 6% from January and up 11% compared to February 2017.

• February new listings are up 10% at 532 compared to January and up 3% from one year ago.

• The Reno market is a seller’s market, at 1.3 months supply of inventory. Months supply of inventory is the time it would take to exhaust the active inventory at the current rate of sales

• Looking at the broader market, the Reno/Sparks market hit a record high median price of $370,000 in February. It was twelve years ago, when median price reached its peak of $365,000 in January 2006. After a six-year recession and another six years of recovery, median

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Reno/Sparks Market Report March 2018

 

 

Montgomery Real Estate Group at Keller Williams Sparks is a local real estate brokerage specializing in selling and buying homes in 89436 and 89441 in Sparks, Wingfield and Spanish Springs. Our team of top ranked REALTORS®  are dedicated to helping home buyers and sellers from contract to closing, and exceeding our clients' expectations.

 
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8943 Grisom, Reno, Nevada

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3 BEDROOMS | 3 (2 full, 1 half ) BATHROOMS | 2108 SQUARE FEET

This is the home you have been searching for! Large and popular floor plan including 3 Bedrooms and 2 1/2 bathrooms. Kitchen features upgraded cabinets and granite counters. Large master suite with recently upgraded master bathroom including double sinks, custom tile work, and a large walk in closet. The master retreat even features french doors and a large private balcony! Enjoy wonderful summer walks and mountain views throughout the community. Large and private backyard is fully landscaped and

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Conclusions for January 2018 Market Report

 

• The January median price at $360,000 is up 4% from December 2017 and up 19% from a year ago.

• January unit sales at 400 are down 19% from December and up 10% compared to January 2017.

• January new listings are up 51% at 470 compared to December and up 20% from one year ago.

• The Reno market is a seller’s market, at 1.3 months supply of inventory. Months supply of inventory is the time it would take to exhaust the active inventory at the current rate of sales. Conclusions

• The January median sales price at $360.000 started 2018 at a near record high for a January. It was twelve years ago, when median price reached its peak of $365,000 in January 2006. Today’s market conditions are

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