Dickson Realty Market Trends Q2 2015 Reno/Sparks

Market Trends

2nd Quarter 2015 Market Report for the Reno/Sparks Region

Compliments of your Dickson Agent For more information about the real estate market, or to search for homes, visit DicksonRealty.com.

2nd Quarter

Median Sales Price & &Average Median Sales Price Average Price per Square Foot Price per Square Foot SPANISH SPRINGS

NORTH VALLEYS

SINGLE FAMILY

CONDO

SINGLE FAMILY

CONDO

Median Sales $$ Year to year change +

Median Sales $$ Year to year change

Median Sales $$ Year to year change

Median Sales $$ Year to year change  Â

Average Price/SF

Average Price/SF

Average Price/SF

Average Price/SF

NORTH URBAN

SINGLE FAMILY

CONDO

Median Sales $$ Median Sales $$ Year to year change +Â Â?

Year to year change - Â?

Average Price/SF

Average Price/SF

SPARKS

NEW NORTHWEST

SINGLE FAMILY

CONDO

Median Sales $$ Year to year change + Â Â?

Median Sales $$ Year to year change +Â Â? Â?

Average Price/SF

Average Price/SF

SINGLE FAMILY

CONDO

Median Sales $$ Year to year change Â

Median Sales $$ Year to year change  �

Average Price/SF

Average Price/SF

OLD SOUTHEAST

SINGLE FAMILY

CONDO

Median Sales $$ Median Sales $$ Year to year change  �

Year to year change  ‚ Average Price/SF

OLD SOUTHWEST

SINGLE FAMILY

CONDO

Median Sales $$ Year to year change

Median Sales $$ Year to year change €‚

Average Price/SF

Average Price/SF

SINGLE FAMILY

CONDO

Median Sales $$ Median Sales $$ Year to year change   Year to year change -­ Average Price/SF

Average Price/SF

Source: Northern Nevada Multiple Listing Service (NNRMLS), All Reno/Sparks areas (Area 100).

NEW SOUTHEAST

SINGLE FAMILY

CONDO

Median Sales $$ Median Sales $$ Year to year change Â? Â?

Year to year change Average Price/SF

NEW SOUTHWEST

Average Price/SF

Average Price/SF

Housing Market Update RENO/SPARKS AREA HOME SALES

30-YEAR INTEREST RATE

10.1%

SALES PRICE

11.4%

.18pts

FROM LAST YEAR

FROM LAST YEAR

FROM LAST YEAR

4.1%

NEW LISTINGS

6.4%

DAYS ON MARKET

FROM LAST YEAR

FROM LAST YEAR

FROM LAST YEAR

INVENTORY

6.0%

STATISTICS SHOWN COMPARE JUNE 2015 TO JUNE 2014.

Source: Reno/Sparks Association of REALTORS® Market Report June 2015. All information is deemed reliable but not guaranteed.

The chart above is a review of the Reno/Sparks housing market and compares June 2015 with June 2014.

Sales in June 2015 were up 10.1 percent from June of last year, making it one of the best months for home sales on record. The number of homes sold this month was exceeded only by June of 2005.

Median Sales Price continues to steadily increase, with an 11.4% gain from June 2014 to June 2015. More home owners are finding themselves in a positive equity position as each month passes. This is excellent news for sellers.

Contributing to the record sales pace is the exceptionally low 30-year fixed interest rate, which for June was down .18 percent from last year.

Inventory, which is down 4.1 percent from last June is also partially responsible for the increase in Median Sales Price.

A surprise to many is the increase in new listings taken during the month. Although down from May, June’s 720 new listings was up 6.5 percent from June 2014. This and the low interest

rates should make buyers in the market pretty excited.

Finally, the Days on Market to sell a home was down 6 percent, indicating that properties are selling quicker than they were last year.

What does all this information mean to you? The Reno and Sparks area continues to be a strong sellers market, making it a great time to sell your home.

For buyers, you will want to work closely with your agent and go see a lender to get pre-qualified before heading out to look at homes. Remember, you can contact an Eagle Home Mortgage expert at our Dickson Realty offices in Reno and Sparks to get pre-qualified.

With inventory at historic lows and homes selling faster, being first to know about a new listing is very beneficial. Both the Dickson website and the Dickson mobile app are updated every 30 minutes with new listing activity. Contact one of our Dickson expert agents to find out how easy it is to setup a search or download our free mobile app from the Apple or Google stores to get started.

Dickson Realty Market Trends To hear the latest market news and statistics, and to see Dickson’s Featured Listings, be sure to “Like” us on Facebook, or read our blog at www.RenoTahoeRealEstateNews.com. You’ll have access to our exclusive video content, and see newly listed homes every day.

DOWNTOWN RENO 775.324.7000

CAUGHLIN RANCH 775.746.7000

DAMONTE RANCH 775.850.7000

SOMERSETT 775.746.7222

TRUCKEE 530.587.7444

GRAEAGLE 530.836.1700

DONNER LAKE 530.587.4811

MONTRÊUX 775.849.9444

SPARKS 775.685.8800

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© 2015 Dickson Realty. All rights reserved. Although the information above is deemed reliable, Dickson Realty does not guarantee its accuracy. If your property is currently listed for sale, this is not intended to be a solicitation.