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ONLINE RENTAL HOUSING FRAUD - On October 21st, the Washoe County Sheriff's Department issued a press release regarding emerging online rental housing fraud in the Reno-Sparks Area. Please read the press release here.
Washoe County sales are the fourth highest unit sales for an October in history and outpaces October 2010 by 15%. This paired with the fact that year over year figures are without the influence of tax incentives, means there is strong demand for single family sales in the market.
Median Sales Price
– October 2011 median price was down 1% to $148,000 compared to $150,000 in September 2011.
Price per Square Foot Solds
– Price per square foot is at $89.65.
– Price per square foot by area groups, as provided in the Detailed Report, is a good way to compare similar homes
for current value.
Number of Units Sold
– October ended the month with 483 sold transactions, down 14.7% from the prior month.
– Sales are up 15.3% from the same period last year.
Average Days on Market
– The average days on market are 147 days, up 9% from September 2011.
Day on Market (DOM) by Special Conditions
– Short sales continue to influence the average days on market at 214 DOM.
– Properties with no special conditions, REO, and Other show a range of between 131 to 149 DOM.
Reach for the Sky
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