Dickson Realty Market Trends for Reno-Sparks Q3 2014

MARKET TRENDS 3rd Quarter Market Report 2014

Compliments of your Dickson Agent.

For more information about the real estate market, or to search for homes, visit DicksonRealty.com.

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

NORTH VALLEYS

SINGLE FAMILY

CONDO

SINGLE FAMILY

CONDO

Median Sales $$

Median Sales $$

Median Sales $$

Median Sales $$

Average Price/SF

Average Price/SF

Average Price/SF

Year to year change

Average Price/SF

Year to year change

Year to year change

Year to year change

NORTH URBAN

SINGLE FAMILY

CONDO

Median Sales $$

Median Sales $$

Average Price/SF

Year to year change

Average Price/SF

Year to year change

SPARKS

NEW NORTHWEST

SINGLE FAMILY

CONDO

Median Sales $$

Median Sales $$

Average Price/SF

Average Price/SF

Year to year change

SINGLE FAMILY

CONDO

Median Sales $$

Median Sales $$

Year to year change

Average Price/SF

Year to year change

Average Price/SF

Year to year change

OLD SOUTHEAST

SINGLE FAMILY Median Sales $$

Year to year change

Average Price/SF

OLD SOUTHWEST

SINGLE FAMILY

CONDO

Median Sales $$

Median Sales $$

Year to year change

Average Price/SF

Year to year change

Average Price/SF

NEW SOUTHEAST

Year to year change

SINGLE FAMILY

CONDO

Average Price/SF

Median Sales $$

Median Sales $$

Average Price/SF

Year to year change

Average Price/SF

NEW SOUTHWEST SINGLE FAMILY

CONDO

Median Sales $$

Median Sales $$

Average Price/SF

Average Price/SF

Year to year change

CONDO

Median Sales $$

Year to year change

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

Year to year change

NEWS UPDATE Market Statistics Reno/Sparks Area The total number of homes available for purchase in the Reno/Sparks region on October 1st was 1,479. This is a slight decrease from September 1st but still an increase over July and August. The number of properties sold increased each month from July through September.

Median sales price held steady at $250,000 in July and August before dipping slightly in September.

With all these ups and downs, knowing what to do when buying or selling a home can be a challenge.

Having a market expert on your side is an invaluable asset. Dickson Realty provides exclusive tools to each agent that can help provide you with up to the minute information about what is selling in your neighborhood.

That can give you a definite edge.

Source: Northern Nevada Regional MLS (NNRMLS), Area 100

The Tesla Effect Many of our valued sellers and buyers are asking about the “Tesla Effect” on home values. We are very excited about Tesla and the positive impact on our housing market over the next few years. While the estimates for job

creation are upwards of 6,500 new jobs over the next 8 years, the number of home buyers in the immediate future may be a small percentage of that work force. Yes, Tesla is very good news, but other news that may

Dickson Realty Market Trends To hear the latest information on the market and 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.

be more relevant to home sales right now are companies that are already here and growing, such as: Apple, Amazon, Zulily, ASHIMA Devices, Dragonfly, Petco, and Flirtey, just to name a few.

CAUGHLIN RANCH

775.746.7000

DAMONTE RANCH 775.850.7000

SOMERSETT 775.746.7222

MONTRÊUX 775.849.9444

SPARKS 775.685.8800

TRUCKEE 530.587.7444

NEW OFFICE! DOWNTOWN RENO 775.324.7000

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© 2014 Dickson Realty. All rights reserved. Although the information above is deemed reliable, Dickson Realty does not guarantee its accuracy.