Reno Real Estate - Pam Reese

Monthly Market Update: January 2012

preese — Thu, 26 Jan 2012 18:03:05 +0000

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

preese — Thu, 12 Jan 2012 18:31:59 +0000

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

preese — Wed, 28 Dec 2011 17:55:13 +0000

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

preese — Wed, 30 Nov 2011 21:04:28 +0000

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

preese — Mon, 18 Jul 2011 19:20:15 +0000

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.

Attention to Every Detail ~ High Quality Construction

preese — Wed, 29 Jun 2011 18:52:37 +0000

Attention to every detail and high quality construction set the stage for this contemporary Galena Forest home. Fabulous design features ~ too numerous to mention them all ~ include engineered hardwood flooring throughout with slate entries, laundry, mud room and baths. In-floor radiant heat, central vacuum, Silhouette blinds, corian counters and abundant storage. Entire upper level is a spacious & tranquil master retreat with forest views. Truly a luxury home, offered at $935,000.

Have you been waiting to build your dream home?

preese — Fri, 20 May 2011 18:59:22 +0000

Wait No Longer. Take advantage of great pricing on this corner home site in prestigious St James’s Village ~ a private, gated master-planned community limited to one-acre home sites. Tucked in the trees off Mt Rose Highway, this secluded community has miles of hiking trails and an abundance of wildlife, offering the feel of Tahoe with the convenience of SW Reno. Click the picture to find out more…

Tips for Buyers: Short Sales and REOs

preese — Tue, 17 May 2011 19:49:01 +0000

Buyers of short sale or REO (Real Estate Owned – by the bank) properties are finding transactional snafus, last-minute surprises and long, drawn-out escrows that never close to be par for the course. Instead of avoiding these properties altogether, get educated about the most common dramas that go down in these deals, and how you can avoid falling victim. Click the link below:

5 Most Common Complaints of SS and REO Buyers

Concerned about lead?

preese — Thu, 28 Apr 2011 19:49:53 +0000

For information about lead, from the United States Environmental Protection Agency, click below:

Why do you need to be concerned about lead?

Radon resource

preese — Thu, 28 Apr 2011 19:43:37 +0000

Another great resource from the Environmental Protection Agency:

GUIDE TO RADON