CONTENTS
Leslie Gamble 775-247-1258 Lic #S. 179255 Leslie@Lesliegamble.com www.Lesliegamble.com
Lucy Sei 775-560-9428 Lic # S. 190328 Lucy@Ferrari-Lund.com www.Lesliegamble.com
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Ferrari-Lund Real Estate, 2021
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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
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.
2021, Ferrari-Lund Real Estate
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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).
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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
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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).
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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
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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).
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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
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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).
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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).
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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).
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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).
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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).
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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