Robert Range | Realtor Reno Sparks Nevada | Buy Homes, Sell Homes, Invest in Real Estate
Helping Reno-Sparks buy, sell and invest in real estate since 2006. Robert Range, real estate agent with Sierra Nevada Properties.
This week national real estate news has indicated a more optimistic outlook than previous weeks. On May 4th Zillow Forecasts a Dip in Home Prices, Rebounding By Next Year. In summary, this forecast predicts a 2 to 3% drop in prices through the end of 2020, followed by a slow recovery through 2021 with prices Read More …
As expected, the volume of closed transactions has dropped off during COVID-19 restrictions. While down a little over 30% year over year, we did see an increase over the previous week. Week ending 4/18/2020 we closed 98 real estate transactions in Reno and Sparks, Nevada. This represents almost 9% increase over the previous week, but Read More …
With lots of uncertainty and justified concern about the state of our economy and the impact on our local real estate market, accurate unbiased data is important in order to to have an informed and accurate understanding of our local market. For our week ending 4/18/2020 our median sales price for Reno and Sparks, Single Read More …
Wishing everyone a Happy Easter! Hoping you enjoy a day at home together with family….safe and healthy. Take Care, Robert
How is the Reno Sparks Real Estate Market holding up with COVID-19 restrictions? See below for Median Sales Price and Closed Sales data for week ending April 4th, 2020
COVID-19 restrictions will have an impact on every homeowner. If you are having difficulty making your mortgage payments during this period, the CARES ACT, Freddie Mac and Fannie Mae have all published assistance options including forbearance, waiving assessments and penalties and halting all foreclosure proceedings. The National Association of Realtors has put together a list Read More …
Last night Governor Sisolak announced a directive in response to COVID-19 with additional restrictions on real estate, including limiting open houses and in-person showings on properties occupied by tenants. At Sierra Nevada Properties, we put a hold on all Open Houses a few weeks ago in response to CDC recommendations, as did most of the Read More …
COVID-19 presents some unique challenges to the process of buying and selling real estate, but real estate business will continue. Governor Sisolak and the State of Nevada has specifically identified real estate as an essential business. During this period we are taking measures to make sure everyone is distanced and safe, including taking advantage of Read More …
Friday March 20th, 2020 Nevada Governor Steve Sisolak said continued operation of non-essential businesses was impairing the state’s ability to prevent the further spread of COVID-19. He then issued an emergency regulation defining essential and non-essential businesses as well as parameters for essential businesses to conduct business in the state. Essential Business has been defined Read More …
MedianSold Median Sold Price $390,000, down 3.7% Units Sold 446, up 14.4% Active Inventory 598 units, down 19% Days to Contract 54, down 20.8% Sold $/Sqft $223, up 1.4% New Listings 505, up 11.2%