Reno/Sparks Nevada Housing Report For July 2011
August 10, 2011
http://www.youtube.com/watch?v=bSn6KwXq1Pg&feature=player_embedded
Real Estate OK in Debt Deal but Risks Remain
The debt ceiling agreement signed into law on August 2nd has no direct impact on real estate tax rules or spending provisions. However the industry isn’t out of the woods yet because the deal includes authority that could make it easier for Congress to make tax law changes, including the MID and the treatment of carried interest, in the months ahead. More in this brief NAR Government Affairs analysis and in this short video.
DRI and UNR Scientists Help Agencies Preserve Lake Tahoe
August 3, 2011
DRI and The University of Nevada have highly cooperative, productive and ongoing research programs across a variety of topics in the Lake Tahoe Basin that are doing their best to provide quality science to inform basin managers and policymakers.
This year’s Tahoe Summit report from the University and DRI outlines research projects at Lake Tahoe featuring many talented researchers who have invested their careers in preserving Lake Tahoe. The publication also includes profiles of alumni who are currently working in the Basin. [Read more]
Reno/Sparks Nevada Housing Report July 27th
July 28, 2011
Report: Reno-Sparks Foreclosures Fall
Home sales in the Reno-Sparks area have remained strong for the first six months of this year!
Reno-Sparks Median Home Price
- June 2011 median price was down 1.6% to $152,400 compared to $150,000 in May 2011.
- Median price is defined as the mid-point, where, for the time period identified, the price for one-half of the sales are higher and one-half are lower.
Reno-Sparks Home Price Per Square Foot Solds
- Price per square foot is at $92.36.
Reno-Sparks Homes Sold
- June ended the month with 522 sold transactions, up 3.6% from the prior month.
- Sales were down 13.6% from the same period last year, which continued to be influenced by the First Time Home Buyer tax credit.
- This month’s sales were only exceeded by June 2004 (532 homes sold), June 2005 (702 homes sold), which occurred during the real estate boom; and June 2010 (604) which was influenced by the tax credit. [Read more]
Real Estate: Reno falls, Tahoe rises through early 2011
July 8, 2011
Home values in Lake Tahoe got a shot in the arm from the East Shore during the first half of the year, but the positive news was tempered by a dip in the number of homes sold.
The median price for a single-family home in Lake Tahoe rose 2 percent year-over-year to $540,375, while the average price increased by 9 percent to $962,705, according to Chase International’s mid-year report. [Read more]
More $1 million-plus homes selling this year in Reno-Sparks
June 30, 2011
Reno-Sparks’ high-end residential real estate sector started showing some signs of life in the first half of the year, a welcome development for an area dominated by distressed sales at the low-end of the market.
Reno-Sparks posted 23 sales for homes priced $1 million or more through June 28, up from 15 during the same period last year. [Read more]
