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County home sales up 17% over April 2011
by Tribune Staff
May 08, 2012 | 1135 views | 0 0 comments | 2 2 recommendations | email to a friend | print
RENO — Sales of existing homes are up 17 percent county-wide from a year ago, according to a report sent Tuesday by the Reno/Sparks Association of Realtors (RSAR).

The group’s April report showed while Washoe County’s 509 sales of existing single-family homes was a increase from April 2011, it was a 5 percent decrease from one month ago. The report listed the median sales price for an existing single-family residence in Washoe County in April at $152,500, a decrease of 2 percent from April 2011 and a 2 percent increase from March.

Breaking down the sales figures, Reno had 337 sales of existing single-family homes, an increase of 24 percent from last year and a 4 percent decrease from March. The median sales price in Reno in April was $154,700, a 5 percent decrease from April 2011 and an increase of 5 percent from the previous month.

Sparks, including Spanish Springs, saw 165 sales of existing single-family homes in April, a 7 percent increase from April 2011 and a 2 percent decrease from the previous month. The Sparks median sales price in April was $149,000, a 6 percent increase from last year and a 2 percent decrease from March.

The April 2012 report indicated that Fernley had 45 sales of existing single-family homes, an increase of 10 percent from last year and a 13 percent increase from March. The median sales price in Fernley for an existing single-family residence in April was $82,500, a 3 percent increase from April 2011 and a 16 percent increase from last month.

“April 2012 sales are the fourth highest in the history of MLS and were only exceeded by the boom years in 2004 and 2005, as well as April 2010, which was influenced by the first time homebuyers tax credit,” said Kevin Sigstad, 2012 president of the Reno/Sparks Association of Realtors and the broker with Re/Max Premier Properties. “Another trend to note is that for the third straight month, median price has increased, returning to mid-2011 levels.”

All sales numbers are for existing “stick built single family dwellings” only and do not include condominium, townhome, manufactured, modular or new home sales not reported in the Multiple Listing Service.
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