Ferrari-Lund Real Estate - Annual Market Report, 2021 - Alysmay Quinton

CONTENTS

Alysmay Quinton 775-230-0210 License No. S.49551

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3

ABOUT US

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4-5

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6-7 RENO

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8-9

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10-11 SPANISH SPRINGS & SPARKS CORE

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12-13

NORTH VALLEYS & NORTHWEST

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14-15

SOUTHEAST RENO & METRO SOUTHWEST

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16-17 WEST SUBURBAN & V.C. HIGHLANDS

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18-19 NEW SOUTHEAST & SUBURBAN SOUTHWEST

RENO | SPARKS

SPARKS

alysmayquinton@yahoo.com alysmayquinton.ferrari-lund.com

2

Ferrari-Lund Real Estate, 2020

Ferrari-Lund Real Estate Established 1988

ABOUT US Founded in 1988, Ferrari-Lund Real Estate is one of the premier real estate companies in the greater Reno-Sparks area. With over 190 agents and 3 offices strategically located throughout the beautiful Truckee Meadows, we are proud of our reputation of successfully serving the real estate needs of our community.

At Ferrari-Lund, we take a different approach by cultivating a more personal relationship with our clients. Our highest priority is to listen to your needs and find solutions specifically tailored to you. Combining the latest technologies, market research and excellent business strategies, Ferrari-Lund agents make sure our closed deals are win-win experiences that yield positive results for all.

There are many facets to a successful real estate transaction and whether you are buying or selling, we make certain it is at the very best price. We love what we do and seek to make your transition and move a rewarding and enjoyable experience.

We hope you find this Market Information valuable and look forward to assisting you with all of your real estate needs.

2020, Ferrari-Lund Real Estate

3

RENO/SPARKS

MEDIAN SALES PRICE YEAR END $427,000 2020

$515,000 20.6%

2021

$600,000 $500,000 $400,000 $300,000 $200,000 $100,000 0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Reports are based on single family homes in the Reno & Sparks area(s).

4

Ferrari-Lund Real Estate, 2021

RENO/SPARKS

1000

ACTIVE INVENTORY MONTH TO MONTH

800 2020

600

2021

400 200

Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec.

2021

2020 NUMBER OF HOMES SOLD

AVERAGE A D S Y TO O C NTRACT

2020 13

-46.2%

2021 7

2020 6,634

2021 6,452

-2.7% DATA PROVIDED BY NNRMLS. @2022 DOMUS ANALYTICS 2021, Ferrari-Lund Real Estate

5

RENO

2020

MEDIAN SALES PRICE YEAR END

$450,000

2021

$539,000

$600,000 $500,000 $400,000

19.8%

$300,000 $200,000 $100,000 0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

M a r k e t S u mm a ry December 2021, Reno (including North Valleys) had 370 sales of existing single-family homes: an increase of less than 1 percent from last November and 6.3 percent decrease from December 2020.

The median sales price in Reno for an existing single-family residence in December 2021 was $555,000; a 2.1 percent decrease the previous month and a 11 percent increase from December 2020. All sales numbers are for existing “stick built, single-family dwellings” only and do not include condominiums, townhomes, manufactured, modular or newly constructed homes.

The existing condominium/townhome median sales price for December 2021 in Reno was $329,000; an increase of 13.4 percent from the prior year.

Reports are based on single family homes in the Reno & Sparks area(s).

6

Ferrari-Lund Real Estate, 2021

RENO

2020

800

ACTIVE INVENTORY MONTH TO MONTH

2021

700 600 500 400 300 200

Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec.

AVERAGE DAYS O T CONTRACT

2020 13

2021 7

-46.2%

NUMBER OF HOMES SOLD

2020 4,579

2021 4,482

-2.1% DATA PROVIDED BY NNRMLS. @2022 DOMUS ANALYTICS 2021, Ferrari-Lund Real Estate

7

SPARKS

MEDIAN SALES PRICE YEAR END

2020

$400,000

2021

$480,000

$600,000 $500,000 $400,000

20.0%

$300,000 $200,000 $100,000 0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

M a r k e t S u mm a ry Sparks (including Spanish Springs) had 150 sales of existing single-family homes in December 2021: a decrease of 6.3 percent from last year and a 15.7 percent decrease from the previous month.

The Sparks median sales price for an existing single-family residence in December 2021 was $521,750; an increase of 29.5 percent from last year and an increase of 4.4 percent from November 2021. All sales numbers are for existing “stick built, single-family dwellings” only and do not include condominiums, townhomes, manufactured, modular or newly constructed homes.

The existing condominium/townhome median sales price for December 2021 in Sparks was $283,500; an increase of 26 percent from last year.

Reports are based on single family homes in the Reno & Sparks area(s).

8

Ferrari-Lund Real Estate, 2021

SPARKS

300

ACTIVE INVENTORY MONTH TO MONTH

250

2020 2021

200 150 100 50

Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. NUMBER OF HOMES SOLD

AVERAGE A D S Y TO O C NTRACT

2020 11

2021 6

-45.5%

2020 2,055

2021 1,970

-4.1% DATA PROVIDED BY NNRMLS. @2022 DOMUS ANALYTICS 2021, Ferrari-Lund Real Estate

9

S PAN I S H S P R ING S This

a r e a i n c lu d e s , b u t n ot l i m i t e d to

P a lo m i n o V a l l e y . F o r

W i n g f i e l d S p r i n g s , K y l i e R a n c h , S pa r ks S u b u r b a n

and

m o r e d e ta i l e d i n f o r m at i o n o n yo u r sp ec i f i c n e i g h b o r h o o d p l e a s e c o n tac t yo u r

F e r r a r i -L u n d

ag e n t .

Median Sales Price SINGLE FAMILY HOMES YEAR END

2020

2021

$429,000

$535,000

$600,000 $500,000 $400,000

24.7%

$300,000 $200,000 $100,000 0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

AVERAGE DAYS TO CONTRACT

2020 2021

NUMBER OF HOMES SOLD

11 6

SOLD

-45.5% Reports are based on single family homes in the Reno & Sparks area(s).

10

Ferrari-Lund Real Estate, 2021

2020 2021

1,363 1,251

-8.2%

SPAR K S COR E This

a r e a i n c lu d e s , b u t n ot l i m i t e d to

D’A n d r e a R a n c h . F o r

O l d S pa r ks /D o w n to w n , C e n t r a l S pa r ks ,

and

m o r e d e ta i l e d i n f o r m at i o n o n yo u r sp ec i f i c n e i g h b o r h o o d p l e a s e c o n tac t yo u r

F e r r a r i -L u n d

ag e n t .

MEDIAN SALES PRICE

AVERAGE DAYS TO CONTRACT

2020 2021

12 6

19.5%

$500,000

-50.0%

$405,000

$400,000

$339,000 $300,000

NUMBER OF HOMES SOLD

SOLD

2020 2021

$200,000

692 719

3.9%

$100,000

0

Year 2020

Year 2021

DATA PROVIDED BY NNRMLS. @2022 DOMUS ANALYTICS 2021, Ferrari-Lund Real Estate 11

NORT H VA L L EYS This

a r e a i n c lu d e s , b u t n ot l i m i t e d to

G o l d e n V a l l e y , N o rt h V a l l e y , L e mm o n V a l l e y ,

m o r e d e ta i l e d i n f o r m at i o n o n yo u r sp ec i f i c n e i g h b o r h o o d p l e a s e c o n tac t yo u r

and

Stead. For

F e r r a r i -L u n d

ag e n t .

Median Sales Price 2020

SINGLE FAMILY HOMES YEAR END $500,000

2021

$416,428

$342,000

$400,000 $300,000 $200,000

21.8%

$100,000 0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

AVERAGE DAYS TO CONTRACT

2020 10

2021 6

NUMBER OF HOMES SOLD

2020 1,138

-40.0% Reports are based on single family homes in the Reno & Sparks area(s).

12

Ferrari-Lund Real Estate, 2021

2021 1,075

-5.5%

NO RT H WEST R ENO This

a r e a i n c lu d e s , b u t n ot l i m i t e d to

University,

and

D o w n to w n C o r e , O l d N o rt h w e st /

N o rt h w e st S u b u r b a n . F o r

m o r e d e ta i l e d i n f o r m at i o n o n yo u r

sp ec i f i c n e i g h b o r h o o d p l e a s e c o n tac t yo u r

F e r r a r i -L u n d

ag e n t .

Median Sales Price 2020 2021

$389,000 $465,000

19.5%

AVERAGE DAYS TO CONTRACT

2020 2021

8 6

-25.0%

NUMBER OF HOMES SOLD SOLD

2020 2021

693 829

19.6%

DATA PROVIDED BY NNRMLS. @2022 DOMUS ANALYTICS 2021, Ferrari-Lund Real Estate 13

SOUTHEAST R ENO This

a r e a i n c lu d e s , b u t n ot l i m i t e d to

O l d S o u t h e a st , D o n n e r S p r i n g s ,

and

d e ta i l e d n f o r m at i o n o n yo u r sp ec i f i c n e i g h b o r h o o d p l e a s e c o n tac t yo u r

MEDIAN SALES PRICE

Hidden Valley. For F e r r a r i -L u n d

ag e n t .

$500,000

$400,000

19.8%

$300,000

2021

$425,000

2020

$354,900

$200,000

$100,000

0

AVERAGE DAYS TO CONTRACT

2020 2021

9 6

Year 2020

NUMBER OF HOMES SOLD

SOLD

-29.4% Reports are based on single family homes in the Reno & Sparks area(s).

14

Ferrari-Lund Real Estate, 2021

Year 2021

2020 2021

more

265 317

19.6%

M ET R O S O U THW EST This

a r e a i n c lu d e s , b u t n ot l i m i t e d to

Hills

and

Lakeridge. For

O l d S o u t h w e st , C au g h l i n R a n c h /J u n i p e r R i d g e , J u n i p e r

m o r e d e ta i l e d i n f o r m at i o n o n yo u r sp ec i f i c n e i g h b o r h o o d p l e a s e c o n tac t yo u r

F e r r a r i -L u n d

ag e n t .

REPORT

2020

2021

Percent Change

MEDIAN SALES PRICE

$575,000

$699,900

21.7%

NUMBER OF HOMES SOLD

711

669

-5.9%

AVERAGE DAYS TO CONTRACT

22

10

-55.8%

DATA PROVIDED BY NNRMLS. @2022 DOMUS ANALYTICS 2021, Ferrari-Lund Real Estate 15

WEST S UBUR BA N This

a r e a i n c lu d e s , b u t n ot l i m i t e d to

S o mm e r s e tt , M o g u l

and

Verdi. For

i n f o r m at i o n o n yo u r sp ec i f i c n e i g h b o r h o o d p l e a s e c o n tac t yo u r

m o r e d e ta i l e d

F e r r a r i -L u n d

ag e n t .

Median Sales Price SINGLE FAMILY HOMES YEAR END $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 28.6% $200,000 $100,000 0

2020

$525,000

$675,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

NUMBER OF HOMES SOLD

AVERAGE DAYS TO CONTRACT

2020 2021

2021

21 7

SOLD

-66.7%

Reports are based on single family homes in the Reno & Sparks area(s).

16

Ferrari-Lund Real Estate, 2021

2020 2021

384 310

-19.3%

V.C. HIGHLANDS This

a r e a i n c lu d e s , b u t n ot l i m i t e d to

R e n o F o ot h i l l s

and

Virginia City Highlands. For

d e ta i l e d i n f o r m at i o n o n yo u r sp ec i f i c n e i g h b o r h o o d p l e a s e c o n tac t yo u r

$513,500 $641,000 2020

24.8%

S i n g l e F a m i ly H o m e s

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec NUMBER OF HOMES SOLD

AVERAGE DAYS TO CONTRACT

2020 14

2021 16

ag e n t .

MEDIAN SALES

2021

$800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 0

F e r r a r i -L u n d

more

18.5%

2020 82

2021 77

-6.1%

DATA PROVIDED BY NNRMLS. @2022 DOMUS ANALYTICS 2021, Ferrari-Lund Real Estate 17

NE W SOU THEAST This

a r e a i n c lu d e s , b u t i s n ot l i m i t e d to

S o u t h M e a d o ws . F o r

n e i g h b o r h o o d p l e a s e c o n tac t yo u r

m o r e d e ta i l e d i n f o r m at i o n o n yo u r sp ec i f i c

F e r r a r i -L u n d

AVERAGE A D S Y TO O C NTRACT

-50.0%

ag e n t .

NUMBER OF HOMES SOLD

2020 14

2021 7

2020 759

2021 662

-12.8%

MEDIAN SALES PRICE

$495,000 2020

$625,000 2021

26.3%

$800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Reports are based on single family homes in the Reno & Sparks area(s).

18

Ferrari-Lund Real Estate, 2021

SUBURBA N S O U T H W EST This

a r e a i n c lu d e s , b u t n ot l i m i t e d to

F o r e st /S t . J a m e s ,

and

Arrow Creek, Saddlehorn, Old South Suburban, Galena

Montreux. For

m o r e d e ta i l e d i n f o r m at i o n o n yo u r sp ec i f i c

n e i g h b o r h o o d p l e a s e c o n tac t yo u r

Median Sales Price

2020

ag e n t .

1200000

1000000

32.4% 2021

F e r r a r i -L u n d

800000

$1,225,000 $925,000

600000

400000

200000

0

Year 2019

Year 2020

AVERAGE DAYS TO CONTRACT

2020 2021

24 9

-62.5%

NUMBER OF HOMES SOLD

2020 2021

495 486

1.8%

SINGLE FAMILY HOMES DATA PROVIDED BY NNRMLS. @2022 DOMUS ANALYTICS 2021, Ferrari-Lund Real Estate 19