- Hi everybody, I'm Phillip Goodman.
- And I am Heather McVeigh.
- And we are from the Nevada Real Estate Group
at Keller Williams Group One, Inc in Reno Nevada.
Today Heather and I are gonna take a look back
at the April 2019 real estate market activity
for the Reno 100s.
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All right Heather, are you ready to take a look
inside market insights and our featured property?
- I can't wait.
- Let's do it.
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We are looking at single family homes
in the Reno 100s for the last 12 months
to give you a good snapshot
of the cycle that has happened from April to April.
So Heather, tell us what happened last month.
- [Heather] The Reno real estate market
is definitely warming up again.
357 homes sold in April, 17 more than last April
and 61 more than March, a 25% jump.
Along with this uptick, the median price climbed back up
to 400,000 after bottoming out at 380,000 in January.
Percent of ask received has only gone up
about a half percent since December
and this is only down half a percent since April 2018.
Based on median prices, this difference is about $2,000
which isn't a huge concession for sellers.
- [Phillip] And sellers set the price of a home
as well choosing their final accepting price
not the realtors, right?
- [Heather] That's correct Phillip.
Days on market at 101
is still a little higher than normal for April,
but we had a longer winter through March.
Plus there are new developments
in South Meadows and Caughlin Ranch
that are causing longer days on market.
- [Phillip] And to see that South Meadows market report
click the link you see in the upper right corner now.
- [Heather] The 774 units in available inventory
is 37% more than last April
but just barely more than March,
February and January of 2019.
When you factor how many new listings are coming on
with the pace of properties are selling
that equates to only 2.2 months supply of inventory.
The market is not as swift as last year's 1.7
but it's still a fast seller's market.
- [Phillip] We are on our website seerenohomeseforsale.com
for our featured property this month which is
512 Alpine Rose Court in Reno.
Tell us about it Heather.
- [Heather] Well this is a four bedroom,
two and a half bath home with a three car garage.
It's 2,050 square feet and listed at 549,000.
It's a relatively new build.
It was built in 2017
and it's almost on a quarter of an acre at 0.21.
This home has a large kitchen with a quartz counter top
and beautiful backsplash.
The kitchen opens up to the living room
creating a wonderful open floor plan,
great for entertaining.
- [Phillip] And it makes it nice when you're washing dishes.
You can watch your favorite game.
- [Heather] I love that.
The hot tub is included in the listed price.
It is so inviting being able to relax after a hard day
and look at the amazing view of the mountains.
- [Phillip] You ever been in a hot tub in the snow?
- [Heather] Yes, fantastic.
- One of the most unique experiences ever.
Absolutely a great reason just to buy this house.
Well then on to see more listings
by the Nevada Real Estate Group
click the link you see in the upper right corner now.
Well there's your look back
at the April 2019 real estate market activity
in the Reno 100s.
And if you're ready
to take a tour of that fantastic property in South Reno
you can contact Heather.
Her information is in the YouTube description below.
Hopefully you found this information helpful
and if you did,
please give it a share and a like on your social media too.
For the Nevada Real Estate Group
at Keller Williams Group One, Inc in Reno, Nevada,
I'm Phillip Goodman.
- And I'm Heather McVeigh.
- We'll see you next time.
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