Happy Fall! We are actually having a fall this year in Reno/Sparks!
The Tran Team – Steve Schifferdecker, Thuy Tran and Truda Reynolds just returned from a real estate conference in Boston. It was a great trip to the annual AREAA Conference (Asian Real Estate Association of America) where we renewed acquaintance with many friends, met new ones and shared tips, stories and encouragement. Boston was fun and different, but it is always nice to return to Reno.
The September market report shows 561 sales of existing home in the Reno/Sparks area, which is 40 less than August, which had 601. The median sales price for an existing single-family residence in the Reno/Sparks area was $395,000, representing a one percent decrease from August, but still an eight percent increase from last September! There were 398 sales of existing single-family homes in Reno (including North Valleys) and the median price for Reno homes was $404,975 for the month of September, representing a 2 percent decrease from August. Sparks homes’ median price stayed at $377,500 for the month of September. There is still only a two month’s supply of homes available, so inventory remains low. A six months’ supply is considered a balanced market.
Our October birthdays were Steve’s son, Adam, and Thuy’s mom – Happy Birthday! The team continues to cook dinner once a month for the people staying at Ronald McDonald House in Reno, and our fundraiser last month raised $2000, which we presented to them on Tuesday, October 1! Again, we encourage your support of this charity, as they provide a much needed and appreciated service to families with children in the hospital.
Please keep us in mind for all of your real estate needs: residential/commercial, purchase or lease. Our team also manages properties for landlords.
Warm regards from your neighborhood specialists,
Thuy Tran, CRS – license # S. 77021
Steve Schifferdecker, Realtor – license # S. 0184498
Truda Reynolds, Realtor – license # S. 0187350