Monthly Market Update: January 2012
Unit sales were at historic or near historic levels throughout 2011. The big news is that 2011 total unit sales represent the 2nd highest performing year, off only 4% from 2005 which is described as the peak. Year end 2011 unit sales (5,899) are up 10% over 2010 unit sales (5,361). Beginning in 2008, year end unit sales numbers have consistently out-performed the previous year’s sales. Lower inventory is a signal that price declines may be coming to an end and a sign of pent up demand.
Click the link below for the complete report:
January 2012 Monthly Market Update
Ten Predictions for Real Estate in 2012
RE/MAX Chairman and Co-Founder Dave Liniger offers his Top Ten Predictions for the real estate market in the United States on You Tube. Check it it out at the link below:
Monthly Market Update: December 2011
November sales are up 22% over last year and are the highest unit sales for a November in history. For the 2nd month, we are comparing year-over-year sales without the artificial influence of a tax credit. Freddie Mac reported another record low 30-year fixed rate loan of 3.98%. Sources report by the middle of 2012, mortgage interest rates should gradually rise from today’s record lows to 4.5%.
Click the link below for the complete report:
Monthly Market Update December 2011
Monthly Market Update: November 2011
October unit sales in Washoe County are the 4th highest unit sales for an October in history and outpace October 2010 sales by 15%. This is the first month where the year-over-year comparison is not influenced by the tax credit incentives, thus a positive sign that sales remain healthy. Also, we have seen only moderate fluctuations in median price for the past 7 months. With the majority of new listings entering the market at under $150,000 and a majority of sales occurring in this same price range, we are cautiously optimistic that prices are at the bottom.
Click the link for the complete report: Monthly Market Update November 2011
Equestrian Estate Offers Luxury Living
The lake and mountain views from this horse property are stunning! And the exquisite design features are fabulous. From the gourmet kitchen to the spacious 1st floor master retreat to the media room ~ you’ll want to call this home. Many extras make this a great value: gated entry, maintenance free deck, 50-year siding & roof, fully landscaped, 4-stall barn and more…Backs to state park offering miles of riding trails.
