CONTENTS
Tammy Carvajal-Van Lydegraf 775-354-8381 License No. S.183523 Tammy@ferrari-lund.com Tammy.ferrari-lund.com
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Ferrari-Lund Real Estate, 2020
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ABOUT US
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4-5
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6-7 RENO
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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
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
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RENO/SPARKS
MEDIAN SALES PRICE YEAR END $394,000 2019
$449,600 14.1%
2020
500000 400000 300000 200000 100000 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).
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Ferrari-Lund Real Estate, 2020
RENO/SPARKS
2000
2019
2020
ACTIVE INVENTORY MONTH TO MONTH
1500 1000 500 0
Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. 2020
2019 AVERAGE DAYS TO CONTRACT
2019 51
2020 38
-25.5%
NUMBER OF HOMES SOLD
2019 6,279
2020 6,574
4.7% DATA PROVIDED BY NNRMLS. @2021 DOMUS ANALYTICS 2020, Ferrari-Lund Real Estate
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RENO
MEDIAN SALES PRICE YEAR END
2019
$405,000
2020
$500,000
500000 400000 300000
23.5%
200000 100000 0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
M a r k e t S u mm a ry In December 2020, Reno (including North Valleys) had 387 sales of existing single-family homes; an increase of 7.8 percent from last year and a decrease of 3 percent from November 2020. The median sales price in Reno for an existing single family residence in December 2020 was $500,000; a 4.2 percent increase from the previous month and an increase of 23.5 percent from 2019. 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 2020 in Reno was $290,000; an increase of 22.4 percent from the prior year.
Reports are based on single family homes in the Reno & Sparks area(s).
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Ferrari-Lund Real Estate, 2020
RENO
2019
1200
ACTIVE INVENTORY MONTH TO MONTH
2020
1000 800 600 400 200 0
Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec.
AVERAGE DAYS TO CONTRACT
2019 53
2020 41
-22.6%
NUMBER OF HOMES SOLD
2019 4,389
2020 4,537
3.4% DATA PROVIDED BY NNRMLS. @2021 DOMUS ANALYTICS 2020, Ferrari-Lund Real Estate
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SPARKS
MEDIAN SALES PRICE YEAR END
2019
$367,000
2020
$405,000
500000 400000 300000
10.4%
200000 100000 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 151 sales of existing single-family homes in December 2020; a decrease of 4.4 percent from last year and a 11.2 percent decrease from the previous month. The Sparks median sales price for an existing single-family residence in December 2020 was $405,000; an increase of 10.4 percent from last year and a decrease of 1.41 percent from November 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 2020 in Sparks was $225,000; an increase of 12.5 percent from last year. Reports are based on single family homes in the Reno & Sparks area(s).
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Ferrari-Lund Real Estate, 2020
SPARKS
2019
500
2020
ACTIVE INVENTORY MONTH TO MONTH
400 300 200 100 0
Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. AVERAGE DAYS TO CONTRACT
2019 47
2020 32
-31.9%
NUMBER OF HOMES SOLD
2019 1,890
2020 2,037
7.8% DATA PROVIDED BY NNRMLS. @2021 DOMUS ANALYTICS 2020, Ferrari-Lund Real Estate
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SPA N 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
2019
2020
$419,200
500000
$435,184
400000 300000
3.8%
200000 100000 0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
AVERAGE DAYS TO CONTRACT
NUMBER OF HOMES SOLD
2020 2019
32 47
SOLD
-31.9%
Reports are based on single family homes in the Reno & Sparks area(s).
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Ferrari-Lund Real Estate, 2020
2020 2019
1,352 1,178
14.8%
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 2019
32 46
18.7%
400000
-30.4%
$353,000
350000 300000
$297,500
250000
NUMBER OF HOMES SOLD
SOLD
2020 2019
200000 150000
685 712
-3.8%
100000 50000 0
Year 2019
Year 2020
DATA PROVIDED BY NNRMLS. @2021 DOMUS ANALYTICS 2020, 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 2019
SINGLE FAMILY HOMES YEAR END 500000
2020
$298,000
$356,500
400000 300000 200000
19.6%
100000 0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
AVERAGE DAYS TO CONTRACT
2019 42
2020 32
NUMBER OF HOMES SOLD
2019 1,033
-23.8% Reports are based on single family homes in the Reno & Sparks area(s).
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Ferrari-Lund Real Estate, 2020
2020 1,132
9.6%
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 2019
$397,500 $359,950
10.4%
AVERAGE DAYS TO CONTRACT
2020 2019
29 46
-36.9%
NUMBER OF HOMES SOLD SOLD
2020 2019
683 781
-12.5%
DATA PROVIDED BY NNRMLS. @2021 DOMUS ANALYTICS 2020, 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
24.2%
Hidden Valley. For F e r r a r i -L u n d
ag e n t .
500000
400000
300000
2020
$410,000
200000
2019
$330,000
100000
0
AVERAGE DAYS TO CONTRACT
2020 2019
30 45
Year 2019
NUMBER OF HOMES SOLD
SOLD
-33.33% Reports are based on single family homes in the Reno & Sparks area(s).
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Ferrari-Lund Real Estate, 2020
Year 2020
2020 2019
more
263 320
-17.8%
M E TR 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
2019
2020
Percent Change
MEDIAN SALES PRICE
$551,000
$660,000
19.8%
NUMBER OF HOMES SOLD
629
704
11.9%
AVERAGE DAYS TO CONTRACT
53
54
1.9%
DATA PROVIDED BY NNRMLS. @2021 DOMUS ANALYTICS 2020, 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 800000 700000 600000 500000 400000 300000 18.5% 200000 100000 0
2019
2020
$527,498
$625,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
AVERAGE DAYS TO CONTRACT
NUMBER OF HOMES SOLD
2020 2019
51 66
SOLD
-22.7%
Reports are based on single family homes in the Reno & Sparks area(s).
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Ferrari-Lund Real Estate, 2020
2020 2019
383 396
-3.3%
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
$460,000 $600,000 2019
30.4%
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
2019 66
2020 50
ag e n t .
MEDIAN SALES
2020
800000 700000 600000 500000 400000 300000 200000 100000 0
F e r r a r i -L u n d
more
-24.2%
2019 74
2020 81
9.5%
DATA PROVIDED BY NNRMLS. @2021 DOMUS ANALYTICS 2020, 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
Damonte Ranch, Double Diamond
and
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
AVERAGE DAYS TO CONTRACT
-47.5%
2019 61
2020 32
S o u t h M e a d o ws . F o r F e r r a r i -L u n d
ag e n t .
NUMBER OF HOMES SOLD
2019 661
2020 750
13.5%
MEDIAN SALES PRICE
$430,000 2019
$555,000 2020
600000 500000 400000 300000 200000 100000
29.1%
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).
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Ferrari-Lund Real Estate, 2020
more
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
2019
ag e n t .
1200000
1000000
16.0% 2020
F e r r a r i -L u n d
800000
$1,002,500 $864,000
600000
400000
200000
0
Year 2019
Year 2020
AVERAGE DAYS TO CONTRACT
2020 2019
70 75
-6.7%
NUMBER OF HOMES SOLD
2020 2019
491 445
10.3%
SINGLE FAMILY HOMES
DATA PROVIDED BY NNRMLS. @2021 DOMUS ANALYTICS 2020, Ferrari-Lund Real Estate 19
DAMONTE OFFICE
SPARKS OFFICE
LAKESIDE OFFICE
500 Damonte Ranch Pkwy.
4990 Vista Blvd.
3700 Lakeside Drive
Suite 804
Suite 100
Reno, NV 89521
Sparks, NV 89436
Reno, NV 89509
775-850-7033
Direct: 775-685-7788
775-688-4000
www.Ferrari-Lund.com