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The Reade Group Blog Page Blog

Wednesday, December 6, 2023   /   by Beau Paulsen

December 2023 Market Update

Hello everyone, I’m Beau Paulsen with the Reade Real Estate Group at RE/MAX Gold and It's time for your real estate market update of Reno, Sparks, and Carson City.


Median Sales Price: $551,000
The median sales price in our region currently stands at $551,000, reflecting a 4% decrease from last month.


Days to Contract: 35 days (Up 20% from last month)
Homes are spending a bit more time on the market, with the days to contract increasing by 20% from the previous month, now at 35 days compared to the previous 29.


Active Inventory: 805 homes (Down 16% from last month)
Looking at available options, our active inventory has tightened, with a 16% decrease from last month, currently standing at 805 homes compared to the previous 961.


Median Price per Square Foot: $303 (Down 3% from last month)
The median price per square foot is now $303, experiencing a 3% dip from last month, previously at $311.


Conclusion
Despite these shifts, the real estate market in our; ...

Friday, November 3, 2023   /   by Beau Paulsen

November 2023 Market Update

Welcome back to your quick real estate update in the vibrant cities of Reno, Sparks, and Carson City! I'm Beau Paulsen, proudly representing the Reade Group and RE/MAX Gold, and I'm thrilled to dive into the latest market stats.


Positive Trends for Sellers
First and foremost, the median sales price is currently at $580,000. This marks an impressive 8.4% increase from last year and a notable 3% jump from just last month. Sellers, this is great news for you as the market continues to favor your side!


Active Market
Moving on, we have closed sales, which currently stand at 384. While this represents a slight decrease of nearly 7% year over year, it's important to note that the market remains quite active.


Properties Are Moving Faster
The median days to contract have decreased to 32, showcasing an 11% drop from last year and an additional 10 days less compared to the previous month. Properties might be sitting on the market a bit longer, but the trade-off is that they're s; ...

Thursday, October 5, 2023   /   by Beau Paulsen

October 2023 Real Estate Market Update

It's the beginning of October and I'm thrilled to share the latest real estate market update. Check out the highlights below:
Median Sales Price: $560,000 (just a tad lower than last month's $570,000).
Closed Sales: 479 (a slight 1.8% dip compared to the previous month).
Active Inventory: We're holding steady at 917 homes, which is about the same as last month.
Days to Contract: The days to contract have gone up to 20 days, marking a 5% increase from last month.
Median Price per Square Foot: This one's on the rise too, up by 2% to now sit at $312.
It looks like there are still plenty of fantastic options out there for potential buyers. If you have any questions or need more details, don't hesitate to reach out. I'm here to help!
Cheers,
Beau Paulsen
RE/MAX Gold  ...

Friday, September 1, 2023   /   by Beau Paulsen

September 2023 Real Estate Market Update

Hello, everyone. Welcome to your concise Real Estate Market Report covering Reno, Sparks, and Carson City. 
Let's start with the median sales price – holding steady at $570,000. No changes compared to last month, indicating stability in the market. 
Next up, days to contract have increased by 30%, now at 20 days. Homes are taking slightly longer to secure a contract.
The number of homes on the market has risen by 2% to 874. This offers buyers a slightly broader selection of options.
Lastly, the price per square foot remains unchanged at $305, showing consistent pricing across the region.
In summary, the real estate market in Reno, Sparks, and Carson City maintains its stability with a consistent median sales price, though days to contract have extended slightly. The increased number of homes on the market offers more choices, and the unchanged price per square foot signifies continued pricing balance.
If you're considering buyi. ...

Monday, August 14, 2023   /   by Beau Paulsen

Top 3 Questions Buyers Have

Hey there!
 
Are you dreaming of owning your own home but feeling hesitant about taking the plunge? You're not alone! As a real estate agent, I've seen many people put off buying a home for a variety of reasons. But don't worry, I'm here to break down the top 3 reasons why people hold off on buying a home and why waiting too long might not be the best move.
1. Affordability: Let's face it, buying a home can be expensive. But if you wait too long to start building equity, you may be missing out on potential long-term gains. Plus, with low-interest rates and other market conditions, now might be the perfect time to start exploring your options.
2. Lifestyle: We get it, renting can be convenient and flexible. But homeownership offers long-term stability, tax advantages, and the chance to build equity over time. Not to mention, with the right home, you can create the perfect living environment that suits your lifestyle needs.
3. Economic Uncertainty: The fear of another ho! ...
The Reade Group | RE/MAX Gold - Midtown
Meka Reade
1401 South Virginia St, Suite 100
Reno, NV 89502
775-813-7271

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