Dickson Realty Market Trends newsletter Year End 2014

Market Trends Year-End 2014 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.

th 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 $$

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

SINGLE FAMILY

NEW NORTHWEST

SINGLE FAMILY

CONDO

Median Sales $$

Median Sales $$

Average Price/SF

Average Price/SF

Year to year change +

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

CONDO

Median Sales $$ Median Sales $$ 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

CONDO

Average Price/SF

Median Sales $$

Median Sales $$

CONDO

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

Average Price/SF

Year to year change

Average Price/SF

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

NEW SOUTHEAST

Year to year change

Average Price/SF

SINGLE FAMILY

Average Price/SF

SINGLE FAMILY

NEW SOUTHWEST

Year to year change

Year to year change +

Average Price/SF

MARKET NEWS YOU CAN USE

MARKET NEWS YOU CAN USE

MarketStatistics Statistics Market Statistics Market RENO/SPARKS AREA RENO/SPARKS AREA RENO/SPARKS AREA

The total number of homes available for purchase in the Reno-Sparks region at the end of the year was 842. This is down 35% from November, the lowest available inventory in the past 6 months.

DECEMBER ‘

NOVEMBER ‘

DECEMBER ‘

­­­ ­ ­­­ ­ ­­ ­­­

­­­ ­ ­­­ ­ ­­­ ­ ­­­ ­ ­­ ­­­ ­ ­­­ ­ ­­­

PROPERTIES SOLD

MEDIAN SALES PRICE

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

AVAILABLE PROPERTIES Source: Northern Nevada Multiple Listing Service (NNRMLS), LISTINGS SOLD

MEDIAN SALES PRICE

2015 outlook FOR THE RENO/SPARKS MARKET All Reno/Sparks areas (Area 100).

As we look forward to what our market will look like in 2015 we see nothing but positives. Interest rates continue to be at historic lows. Even with a projected increase from the Federal Reserve on the horizon, rates will still be lower than they have been in over 30 years. There are also several new lending programs from Nevada’s Housing Division that help buyer’s get into homes, such as the “Home at Last” 4% grant towards down payment assistance.

AVERAGE DAYS ON MARKET

­

­

­

­

AVAILABLE LISTINGS

NOVEMBER ‘

OCTOBER ‘

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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. Our FREE Mobile App also makes it easy to search for new homes in the palm of your hand. Just search for Dickson Realty in the iTunes and Android App Stores and start searching today.

OCTOBER ‘

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Average Days on Market rose slightly in December, up to 111 from 97 days in November. The number of properties sold in December rose to 511, up slightly from November’s 506. Median Sales Price in December was $262,000, which is up slightly from November and up 5% from July and August.

JULY ‘ SEPTEMBER ‘ JULY ‘ AUGUST ‘ AUGUST ‘ SEPTEMBER ‘

AVERAGE D ON MARK

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

increase from December, 2013! For specific information about the value of your home contact a Dickson Realty expert.

The economic growth that our region is experiencing is great news for anyone looking to sell their home. Available inventory is extremely low and we have new buyers moving into the region everyday looking to become home owners. The median price of a home in the Reno/Sparks region continues to rise and was $262,000 at the end of 2014. This is a 12.9%

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.

Source: Freddie Mac Primary Mortgage Market® Survey Archives.

NEW OFFICE! DOWNTOWN RENO 775.324.7000

CAUGHLIN RANCH 775.746.7000

TRUCKEE 530.587.7444

DAMONTE RANCH 775.850.7000

NEW OFFICE! GRAEAGLE 530.836.1700

SOMERSETT 775.746.7222

MONTRÊUX 775.849.9444

SPARKS 775.685.8800

NEW OFFICE! DONNER LAKE 530.587.7444

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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.