For all of you statistic junkies (such as myself), enclosed is an al a carte menu of sorts of some of the most respected purveyors of statistics in the Reno/Tahoe area. These reports should give you a good indication of what’s happening with the Reno, Sparks, Tahoe, bank owned, real estate owned, REO, foreclosures, condos, income property, office buildings and general Reno home market. Some of the data maybe different as some people slice it in different ways or have access to different data (e.g. County vs. MLS Records, etc.).

If this doesn’t satisfy your statistic cravings, you need therapy!

Enclosed is recent correspondence from Reed Simmons from Grubb & Ellis (formerly from Dickson Realty) regarding the 2009 Economic Forecast.

Greetings,

I hope your year has been successful, given all the economic forces at play in our world these days. Though the forecast for 2009 is more of the same, there are areas of opportunity that I am seeing in the market place. One example: medical practitioners who currently lease now have an opportunity to purchase their own office buildings at very reasonable prices. More of these properties are coming on the market that are vacant or almost vacant, and the sellers are anxious to get out from under the debt load. In addition, banks tend to look favorably at doctors for financing.

Click below to view Reed Simmons attachment:

Grubb & Ellis 2009 Economic Forecast

Here is Ken Amundson’s report. He is a Broker/Manager with Coldwell Banker Select Real Estate Reno,Nevada NV and recently transfered from the Coldwell Banker Select Galena Reno office to the Coldwell Banker Select Sparks office. This is a picture from a recent passing of the plunger from Greg Wagstaff (Rosanne Wagstaff’s husband) as Greg handed over the Galena office management.

Click below to view Ken Amundson’s attachment:

Median Price History Dec’ 08

Below is Mitch Argon’s correspondence:

The Greater Reno-Tahoe Real Estate Report – February, 2009 Issue is now available online.

A few of the ‘highs and lows’ you will find in this month’s report:

· Sparks home sales are up 78% over January, 2008

· Reno home sales are up 32% over January, 2008

· …. at the same time, only 9 single family homes were sold in Carson City – down 59% over January, 2008

· Median prices were generally down with new lows in the following cities: Reno ($201K), Sparks ($200K), Carson Valley ($209K), and Fernley at $115K

Bank owned home buying continues to dominate much of each market with those markets that saw the most new construction during 2001 to 2006 getting hit the hardest.

Enclosed is the Residential Resale Outlook and the Housing & the Obama Stimulus Package from recent correspondence with Ron Hoy.

Everyone,

Take a few minutes and review the attached files. Both are important information. Save the graphs for your use with your clients. They are done really well and you can certainly be positive about the future.

If you not doing so-Get out there and talk to people, there are buyers. Let everyone know that you are a Realtor and now is the time to buy. You will be surprised and what can happen if you just talk.

Click below to view Ron Hoy from Coldwell Banker Select Real Estate Reno Nevada Residential Resale Outlook & Housing and the Obama Stimulus Package:

Residential Resale Outlook

Housing & the Obama Stimulus Package

Enclosed is the Power Point presentation created by President Kris Layman at the Business Meeting is available for brokers and members to use in training and in conversations with customers and clients to discuss current market conditions. It includes information on affordability levels, month’s supply of inventory, market share of bank owned, short sale and no conditions listing, plus more.

Click below to view Kris Layman’s Residential Resale Outlook:

Residential Resale Outlook

Filed under: 2008 STATISTICS, 2009 STATISTICS, LOCAL MARKET