RENO, Nev. – The Reno/Sparks Association of REALTORS® (RSAR) released its November 2016 report on existing home sales in Washoe County, including median sales price and the number of home sales in the region. RSAR obtains its information from the Northern Nevada Regional Multiple Listing Service (www.nnrmls.com). During November 2016, the report showed Washoe County had 518 … [Read more...]
Around the State: May 2016
Housing Prices Rise Across Nevada According to the Greater Las Vegas Association of Realtors’ (GLVAR) most recent report, the median price of single-family homes is up 7.3 percent from the same reporting period a year ago to $220,000 in Southern Nevada. Chase International Real Estate also recently released a report indicating that the median price of a home in the Reno/Sparks … [Read more...]
Red Report: January 2016
E Sale, Retail ADDRESS 1201 – 1240 E. Charleston Blvd., 89104 BUYER Downtown Rental, Inc. SELLER US Bank National Association DETAILS 27,402 SF; $2,250,000 APN 139-34-814-001 REP (BOTH) Wil Chaffee and Paul Chaffee of NAI Vegas Sale, Land ADDRESS 5366 Stephanie St., 89122 BUYER Oxford Investment Partner, LLC SELLER CRV Classic Properties, LP DETAILS 1.66 acres; … [Read more...]
Nevada Lawmakers Should Heed FHFA Warning When Addressing HOA Foreclosure Issue
As the Nevada Legislature wraps up this month, state lawmakers will be addressing several issues important to homeowners and the local housing market. One of the most crucial, and perhaps most complex, deals with foreclosures by homeowner associations. Groups representing HOAs are fighting any legislation that could threaten or eliminate the so-called super priority lien … [Read more...]
Nevada’s Residential Market: A Season of Change
For the last two years, Nevada’s residential housing market has seen substantial rebound, with significant effect on prices. Lowered median home prices have created low inventory and a seller’s market, which in turn impacted distressed properties and neighborhoods. “People are a lot smarter today, having learned from mistakes that occurred in the market; buyers are much … [Read more...]
Vegas Home Prices Rise, Market Sees More Traditional Buyers
The median price of an existing single-family home sold in Southern Nevada during June was $199,900 - the highest mark since September 2008. This is according to recent statistics released by the Greater Las Vegas Association of REALTORS (GLVAR). The median price is 2.5 percent higher than May and up over 14 percent compared to June 2013. GLVAR President Heidi Kasama called … [Read more...]
NorthMarq Capital Arranges $8 Million Refinance of Arabella Apartments in Henderson, Nevada
LOS ANGELES – Daniel B. McCarthy, senior vice president/senior director of NorthMarq Capital’s Los Angeles based regional office secured the $8 million refinance of Arabella Apartments, a 120-unit multifamily property located at 4375 E. Sunset Road in Henderson, Nevada. The transaction was structured with a 10-year term and 30-year amortization schedule. Northmarq arranged … [Read more...]
