Update: Since the production of this video several weeks ago, Reno/Sparks continues to experience a seasonal increase in inventory typical of this time of year. Single family home active inventory has increased from 628 homes on May 31 to 706 homes this morning (June 20). This shift is dramatically different from the shift from May 31, 2022 to June 20, 2022 when inventory rose from 741 single family homes to 1051 homes! In 20 days! Our market will see bumpy patches in days to come, but the difference between conditions one year ago and conditions now is pretty dramatic. This is a much better m ..read more

With Ken and Alicia, you get unique skills and experience you will find perhaps nowhere else in western Nevada. Ken's experience as an attorney sets him apart from the other approximately 4,000 Realtors in western Nevada. Of those Realtors, only a small handful have law degrees, and an even smaller handful actually practiced law for a significant period of time. Ken is the rare Realtor who is both an experienced real estate professional with hundreds of transactions under his belt and an experienced attorney with many years of actual litigation experience. Prior to joining Ferrari-Lund Real Es ..read more

In February, 2021, I will be posting 2020 sales data for each ongoing new construction subdivision in the Reno/Sparks market. This information is extracted from data published by the Washoe County Assessor. The square footage shown is from the assessor. Builders’ plans and the assessor’s measurements are often different. I have tried to pair the square footage with the corresponding floor plan advertised by the builder. This data includes only homes sold by the builder (resales have been omitted). The homes in the Pyramid Ranch subdivision are built by Artisan Communities. The average sales p ..read more

In February, 2021, I will be posting 2020 sales data for each ongoing new construction subdivision in the Reno/Sparks market. This information is extracted from data published by the Washoe County Assessor. The square footage shown is from the assessor. Builders’ plans and the assessor’s measurements are often different. I have tried to pair the square footage with the corresponding floor plan advertised by the builder. This data includes only homes sold by the builder (resales have been omitted). The homes in the Quest at Meridian 120 subdivision were built by Bates Homes. The average sales p ..read more

In February, 2021, I am posting 2020 sales data for each ongoing new construction subdivision in the Reno/Sparks market. This information is extracted from data published by the Washoe County Assessor. The square footage shown is from the assessor. Builders’ plans and the assessor’s measurements are often different. I have tried to pair the square footage with the corresponding floor plan advertised by the builder. This data includes only homes sold by the builder (resales have been omitted). The homes in the Merano at D'Andrea subdivision are built by Lennar Homes. The average sales price of ..read more

As of this morning, Tuesday, March 28, 2023, the Reno-Sparks market reached a threshold it hasn't crossed since May 24, 2022: there are more homes under contract than there are homes actively for sale. This includes single family homes, condos, and manufactured homes. There are 673 units actively for sale and 683 are under contract. Single family homes have not inverted yet--as of this morning, there are 540 homes for sale and 519 under contract. Why have the numbers inverted? There are a few reasons. The primary reason for this drop is that less people are listing their homes for sale. "New ..read more

Active inventory (homes for sale—including single family homes, condos, townhomes, and manufactured homes) is nearly the same as it was at this time in January, 2021. That inventory shortage in early 2021 led to one of the biggest single-year increases in fair-market real estate value in Reno-Sparks real estate history. There were more homes in contract leading up to one year ago today (indicating higher buyer activity), but the number of contracts now is trending closer to what it was one year ago. Current numbers portend an active spring—extremely low supply for buyers to choose from, reason ..read more

2021 was an unprecedented year for real estate sales in the Reno-Sparks real estate market. Make sure to scroll through all eight slides. 2022 continues to bring more of the same, with extremely low inventory and high buyer activity this past weekend. Keep checking back for additional market statistics not only looking back at 2021, but evaluating today's market trends ..read more

Comparing today’s inventory with similar Fridays in early January during the past two years suggests that elements are in place for another good Spring for sellers and a frustrating Spring for buyers. Check out the findings reflected in these graphs. Call us with any questions.    Active inventory is once again historically low. It is almost identical to where it was last year at this time, and we know how last spring turned out (in case you don’t know, it was a feeding frenzy with insane multiple-offer situations on even mediocre homes). There were nearly three times as many homes ..read more

How are days calculated under the Reno/Sparks Association of Realtors (RSAR) Residential Offer and Acceptance Agreement (aka the "purchase agreement" or "O&A")? This is an important, fundamental question because deadlines need to be calculated correctly. If the deadline is calculated with "calendar days", every day counts, including Saturdays, Sundays, and holidays. If the deadline is calculated with "business days", Saturdays, Sundays, and any "legal holiday recognized in the state of Nevada" (see O&A 2:3-4) are excluded. Under the purchase agreement, "DAYS means calendar days unless ..read more