The Greater Reno-Tahoe Real Estate Report

Transcription

1 February, 2018February, 2018 February, 2018 Issue The Greater Reno-Tahoe Real Estate Report Housing Market Trends for: Reno, Sparks, Carson City, Carson Valley, Lake Tahoe, Dayton, and Fernley A FREE monthly report by CalNeva Realty

2 Table of Contents Page Introduction 3 Annual Housing Trends - Overview of Charts 4 Median Home Price 5 Number of Homes Sold 6 Sold Price to List Price Ratio (%) 7 Recent "Peak to Trough" Median Price Summary 8 Reno-Sparks Historical "Bubble Chart" 9 Monthly Housing Trends - Overview of Charts 10 Median Price by City 11 Months of Inventory by City 12 Reno 13 Sparks 14 Carson City 15 Carson Valley 16 Dayton 17 Fernley 18 Lake Tahoe 19 Data Sources & Definitions , CalNeva Realty Page ii

3 Introduction Report Overview This report is published monthly by Mitch Argon, Broker/Owner of CalNeva Realty. This report is published and distributed for free. You are free to use and/or share this report. Modifying this report in any way is a violation of copyright law. If you (or someone you know) are interested in receiving a notification by when the report is updated each month, please send an to Mitch.Argon@CalNevaRealty.com. Comments, suggestions, or error-reporting are welcome and can be sent to Mitch.Argon@CalNevaRealty.com. CalNeva Realty Overview CalNeva Realty provides professional real estate services to clients throughout Greater Reno- Tahoe. We represent clients who are selling or buying real estate and operate a full-service licensed brokerage as members of Reno-Sparks Association of REALTORS (RSAR), Sierra Nevada Association of REALTORS (SNAR) and Northern Nevada Regional Multiple Listing Service (NNRMLS). For Further Information For further insight into the Greater Reno-Tahoe real estate market, visit our blog at There are frequent entries with additional market comparisons, recent homes sold, and other useful information. If you have a need for Greater Reno-Tahoe real estate market data not contained in this report, please feel free to contact Mitch Argon ( or Mitch.Argon@CalNevaRealty.com) for further assistance , CalNeva Realty Page 3 of 20

4 Annual Trends About the Charts Annual Median Home Price Trend (page 5) This chart shows the annual median home price from 2006 to the present year for each city/area in the region. For the current year, the chart will display the median price on a "year to date" or "YTD" basis. The YTD median price will be from January 1st of the current year to the last day of the month prior to the current issue of this report. The median price in this chart will be more stable than the median home prices for each month (see Monthly Reports) due to the increased number of homes that are used to compute the median price on an annual basis. In the Lake Tahoe market, there are significantly fewer homes sold each month so the YTD median price may be more volatile until April or May for the current year. After the median price rose rapidly through the early 2000s and peaked in 2005, the median price dropped dramatically from 2005 to early Starting in 2012 and through mid 2013, the median price again rose rapidly. From mid 2013 to the present, the median price has risen, but at a slower and more sustainable rate. Annual Number of Homes Sold (page 6) This chart shows the annual number of homes sold from 2006 to the present year for each city/area in the region. For the current year, the chart will display the number of homes sold on a "year to date" or "YTD" basis. As a result, the current year will be substantially lower in January and increase each month until you will be able to approximate how many homes will be sold during the current year. The number of homes sold increased steadily from 2003 to 2005/2006, which was a recent peak for most markets. The sharp decline in the number of homes sold in 2006 and 2007 was reversed in the larger markets in The number of homes sold has either regained the volume of the peaks years of 2005/2006 or is steadily climbing with strong year over year gains for each local market. The annual number of homes sold has remained steady in 2012, 2013, and Annual Sold Price to List Price % (page 7) This chart shows what buyers are "actually paying" for homes relative to the "list price" from 2006 to the current year. Year to Date (YTD) for the current year reflects this measurement from January 1st to the last day of the month prior to the current issue. Not surprisingly, you will see this percentage decrease during a Buyer's market and increase during a Seller's market and the trendline closely corresponds to median price increase trends , CalNeva Realty Page 4 of 20

5 Greater Reno-Tahoe Annual - Median Home Price Trend $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $ YTD Reno $187,900 $219,000 $295,000 $355,000 $340,000 $325,000 $261,000 $190,000 $180,000 $158,000 $170,000 $221,000 $250,000 $290,000 $315,000 $350,000 $367,500 Sparks $169,000 $193,000 $263,000 $325,000 $315,000 $285,000 $237,000 $175,000 $163,000 $146,450 $160,000 $199,500 $235,000 $264,000 $288,500 $315,000 $342,500 Carson City $177,000 $199,000 $256,450 $317,500 $319,000 $280,000 $248,000 $195,000 $175,000 $144,900 $143,000 $175,400 $200,000 $230,000 $265,000 $287,000 $305,000 Carson Valley $220,500 $255,000 $317,000 $395,000 $395,000 $369,675 $285,000 $239,950 $218,250 $190,000 $195,000 $250,450 $277,500 $315,000 $325,000 $370,000 $413,522 Dayton $143,500 $160,378 $225,000 $250,450 $269,450 $240,000 $210,000 $158,950 $142,000 $117,500 $115,500 $139,950 $161,000 $190,100 $220,000 $259,250 $310,975 Fernley $123,430 $127,850 $165,000 $228,900 $247,000 $220,000 $166,000 $109,950 $107,000 $87,000 $89,000 $123,250 $140,000 $168,000 $209,840 $222,925 $240, , CalNeva Realty Page 5 of 20

6 Greater Reno-Tahoe Annual - Housing Units Sold Trend 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1, Reno 3,578 3,861 4,099 4,175 2,915 2,399 2,497 3,572 3,629 3,995 4,185 4,246 4,092 4,361 4,451 4,744 Sparks 1,331 1,582 1,655 1,896 1, ,077 1,661 1,718 1,903 1,896 1,821 1,870 1,955 2,106 2,075 Carson City Carson Valley 1,031 1,111 1, Dayton Fernley , CalNeva Realty Page 6 of 20

7 Greater Reno-Tahoe Annual - % Sold to List Price Trend 103% 102% 101% 100% 99% 98% 97% 96% 95% 94% 93% 92% 91% 90% 89% 88% 87% Reno 96.5% 95.9% 98.0% 98.0% 96.7% 95.6% 95.1% 95.8% 95.8% 95.7% 97.1% 98.4% 97.6% 97.4% 97.9% 98.1% 97.4% Sparks 97.6% 98.0% 99.0% 98.7% 97.4% 96.7% 96.6% 97.8% 98.0% 97.8% 98.3% 99.9% 98.7% 99.0% 98.9% 99.1% 99.0% Carson City 96.8% 87.9% 98.7% 98.1% 96.9% 96.0% 94.5% 96.3% 95.9% 95.6% 96.6% 97.6% 98.7% 98.4% 98.3% 98.4% 97.6% Carson Valley 98.5% 98.5% 98.1% 97.9% 97.4% 96.2% 94.7% 93.9% 94.4% 95.2% 95.6% 96.3% 97.4% 96.9% 97.9% 98.0% 98.3% Dayton 98.4% 98.4% 98.9% 98.9% 97.8% 95.9% 96.9% 97.2% 97.4% 96.0% 98.2% 99.1% 97.8% 97.3% 98.8% 98.7% 98.6% Fernley 99.9% 101.1% 102.3% 101.5% 99.8% 97.4% 96.2% 98.8% 98.5% 97.9% 97.1% 99.4% 98.3% 98.0% 98.7% 99.0% 99.6% YTD , CalNeva Realty Page 7 of 20

8 Recent "Peak to Trough" Median Price Summary Peak Date Trough Date % Change* New High Date % Change** Reno $ 379,000 Aug-2005 $ 142,000 Jan-2012 (63%) $ 385,000 Jul % Sparks $ 346,000 Sep-2005 $ 126,500 Jan-2012 (63%) $ 343,035 Dec % Carson City $ 346,000 Aug-2005 $ 124,225 Jun-2012 (64%) $ 312,500 Oct % Carson Valley + $ 432,000 Sep-2005 $ 163,000 Jan-2012 (62%) $ 413,522 Jan % Fernley $ 262,000 May-2006 $ 71,250 Mar-2012 (73%) $ 246,750 Nov % Dayton $ 305,000 Jul-2006 $ 89,900 Mar-2012 (71%) $ 310,975 Jan % Lake Tahoe ++ $ 1,673,000 Nov-2005 $ 320,000 Jun-2012 (81%) $ 1,962,125 May % * from Peak ** from Trough + Includes Minden, Gardnerville, Genoa, and Topaz areas ++ Due to low transaction volume, this number varies greatly and is not 100% representative of the Lake Tahoe market. This summary is for single family (stick built) homes only , CalNeva Realty Page 8 of 20

9 Reno-Sparks Single Family Home "Bubble Chart" $400,000 $350,000 Q $355,000 Q $349,000 Q $318,212 $300,000 Q $253,851 $250,000 $200,000 $150,000 $100,000 Q1-00 Q3-00 Q1-01 Q3-01 Q1-02 Q3-02 Q1-03 Q3-03 Q1-04 Q3-04 Q1-05 Q3-05 Q $195, = 4.1% straightline appreciation per year RED LINE = 1% per quarter growth (4.1% per year) Source: Northern Nevada Regional MLS. Reno-Sparks Median Price Q1-06 Q3-06 Q1-07 Q3-07 Q1-08 Q3-08 Q1-09 Q3-09 Q1-10 Q $145,000 Q3-10 Q1-11 Q3-11 Q1-12 Q3-12 Q1-13 Q3-13 Q1-14 1% Quarterly Appreciation Rate Q3-14 Q1-15 Q3-15 Q1-16 Q3-16 Q1-17 Q , CalNeva Realty Page 9 of 20

10 Median Home Prices by City (page 9) Monthly Trends About the Charts This chart shows the monthly median price over the last 24 months for each city in the region. The table below the chart displays the median price (rounded up to the nearest thousand) for each month. You will notice that the median price can fluctuate from month to month. As a result, you will want to look at the 'trendline' for a specific city over a period of 4-6 months or more. Also, the Lake Tahoe area is ommitted from this report due to the substantially higher median price over other areas in the region; by including Lake Tahoe, the increased scale renders the other market's trend lines extremely difficult to reasonably view. You can see the Lake Tahoe median price trend (over the last 24 months) on a later chart dedicated to Lake Tahoe real estate. Months of Inventory by City (page 10) This chart shows "Months of Inventory" (see page 19 for definitions) over the last 24 months for each market in the region. Just like any other open market system, an increas in inventory provides more choices for a "buyer" which leads to a Buyer's market where the home buyer will generally have more negotiating leverage. Conversely, when inventory levels are lower, home sellers have less competition (buyers have fewer choices), the homes seller will have an advantage in setting and realizing a higher price. The National Association of REALTORS (NAR) uses the guideline of a 'balanced market' between 5-7 months of inventory. We use the same standard in this report. Specific areas or "price bands" can determine a 'buyer' or 'seller' market and should be discussed carefully with your CalNeva Realty agent. Local Market Summaries (pages 12-32) These charts (three for each local market) show the relationship between "supply" (homes on the market), recent "demand" (homes sold), and median price. In addition, the table below the chart shows months of inventory by month as well as the % change for each month over the same month in the prior year. Note that inventory and homes sold are measured on the left axis while median price is measured on the right axis. The "Months of Inventory" charts for each market show the relationship between Months of Inventory and year over year price changes and acutal median price , CalNeva Realty Page 10 of 20

11 $450 Greater Reno-Tahoe Median Home Prices by City/Area $400 Median Home Price (in Thousands) $350 $300 $250 $200 $150 $100 $50 $- M A M J J A S O N D J-17 F M A M J J A S O N D J-18 F Reno $305 $297 $325 $327 $325 $320 $315 $306 $318 $313 $315 $329 $330 $330 $350 $356 $385 $360 $349 $360 $360 $347 $368 Sparks $283 $292 $290 $285 $305 $280 $300 $308 $295 $279 $288 $303 $313 $312 $314 $300 $334 $328 $315 $330 $335 $343 $343 Carson City $257 $249 $270 $272 $266 $290 $268 $266 $264 $260 $267 $259 $293 $285 $278 $289 $285 $300 $295 $313 $290 $275 $305 Carson Valley $325 $326 $296 $325 $330 $329 $339 $370 $310 $340 $312 $352 $364 $372 $363 $352 $363 $390 $381 $353 $410 $397 $414 Dayton $201 $209 $233 $207 $230 $219 $220 $211 $243 $248 $235 $262 $254 $251 $236 $248 $255 $277 $258 $276 $279 $293 $311 Fernley $174 $195 $183 $203 $190 $199 $200 $193 $209 $190 $206 $202 $203 $217 $225 $236 $230 $235 $222 $239 $247 $230 $ , CalNeva Realty Page 11 of 20

12 >7 Months = Buyer's Market 5-7 Months = Neutral Market <5 Months = Seller's Market Greater Reno-Tahoe Months of Inventory by City/Area Months of Inventory N e u t r a l M a r k e t NOTE: As of January, 2018, inventory is ACTIVE listings ONLY, no "in escrow" homes. M A M J J A S O N D J-17 F M A M J J A S O N D J-18 F Reno Sparks Carson City Carson Valley Lake Tahoe - NV Dayton Fernley , CalNeva Realty Page 12 of 20

13 Reno Housing Trends Units 3,200 3,100 3,000 2,900 2,800 2,700 2,600 2,500 2,400 2,300 2,200 2,100 2,000 1,900 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1, NOTE: As of January, 2018, inventory is ACTIVE listings ONLY, no "in escrow" homes. M A M J J A S O N D J-17 F M A M J J A S O N D J-18 F Inventory 1,272 1,337 1,566 1,639 1,715 1,787 1,760 1,717 1,603 1,463 1,693 1,206 1,321 1,384 1,529 1,632 1,593 1,574 1,504 1,410 1,272 1, Inventory Change (annual) 1% (0%) 12% 5% 12% 13% 9% 13% 15% 21% 54% (1%) 4% 4% (2%) (0%) (7%) (12%) (15%) (18%) (21%) (29%) (75%) (68%) Total Sold Sold Change (annual) 5% (4%) 4% 2% (17%) 12% 15% (12%) 15% 6% (6%) 15% (0%) 16% 15% 16% 11% 26% (3%) 21% 9% (3%) 22% Median Price (Thousands) $305 $297 $325 $327 $325 $320 $315 $306 $318 $313 $315 $329 $330 $330 $350 $356 $385 $360 $349 $360 $360 $347 $368 Price Change (annual) 8% 8% 12% 10% 8% 10% 7% 7% 6% 4% 10% 8% 8% 11% 8% 9% 18% 12% 11% 17% 13% 11% 17% Months of Inventory $400 $375 $350 $325 $300 $275 $250 $225 $200 $175 $150 $125 $100 $75 $50 $25 $0 Median Price (Thousand Dollars) , CalNeva Realty Page 13 of 20

14 Sparks Housing Trends Units 1,300 1,250 1,200 1,150 1,100 1,050 1, NOTE: As of January, 2018, inventory is ACTIVE listings ONLY, no "in escrow" homes. M A M J J A S O N D J-17 F M A M J J A S O N D J-18 F Inventory Inventory Change (annual) 3% (2%) 13% 18% 27% 14% 11% 11% 15% 12% 2% (4%) 0% (5%) (13%) (18%) (30%) (32%) (37%) (39%) (40%) (38%) (71%) (70%) Total Sold Sold Change (annual) 0% 8% (1%) 5% 12% 7% 5% (2%) 46% (1%) (12%) (7%) (6%) 26% 18% 15% 1% 22% (6%) (10%) (16%) (9%) (7%) Median Price (Thousands) $283 $292 $290 $285 $305 $280 $300 $308 $295 $279 $288 $303 $313 $312 $314 $300 $334 $328 $315 $330 $335 $343 $343 Price Change (annual) 10% 13% 5% 11% 15% (2%) 13% 16% 5% 5% 10% 12% 11% 7% 8% 5% 9% 17% 5% 7% 14% 23% 19% Months of Inventory $350 $325 $300 $275 $250 $225 $200 $175 $150 $125 $100 $75 $50 $25 $0 Median Price (Thousand Dollars) , CalNeva Realty Page 14 of 20

15 Carson City Housing Trends 500 Units NOTE: As of January, 2018, inventory is ACTIVE listings ONLY, no "in escrow" homes. $350 $325 $300 $275 $250 $225 $200 $175 $150 $125 $100 $75 $50 $25 Median Price (Thousand Dollars) - M A M J J A S O N D J-17 F M A M J J A S O N D J-18 F Inventory Inventory Change (annual) (3%) (8%) (4%) 7% 19% 22% 25% 22% 16% 15% 6% (4%) (0%) 5% 10% 0% (13%) (15%) (17%) (24%) (26%) (37%) (64%) (73%) Total Sold Sold Change (annual) (8%) (7%) (3%) 14% 7% 19% 22% 26% 72% (2%) 2% 6% 20% 37% 26% 47% (6%) 25% 18% 22% 36% (20%) (9%) Median Price (Thousands) $257 $249 $270 $272 $266 $290 $268 $266 $264 $260 $267 $259 $293 $285 $278 $289 $285 $300 $295 $313 $290 $275 $305 Price Change (annual) 21% 23% 20% 18% 15% 18% 8% 16% 21% 15% 11% 8% 14% 14% 3% 6% 7% 3% 10% 17% 10% 6% 14% Months of Inventory $ , CalNeva Realty Page 15 of 20

16 Carson Valley Housing Trends Units NOTE: As of January, 2018, inventory is ACTIVE listings ONLY, no "in escrow" homes. $450 $425 $400 $375 $350 $325 $300 $275 $250 $225 $200 $175 $150 $125 $100 $75 $50 $25 Median Price (Thousand Dollars) - M A M J J A S O N D J-17 F M A M J J A S O N D J-18 F Inventory Inventory Change (annual) (3%) (7%) 4% 6% 10% (3%) (16%) (15%) (9%) (6%) (5%) (6%) 2% (2%) (13%) (12%) (17%) (12%) (10%) (14%) (22%) (22%) (59%) (62%) Total Sold Sold Change (annual) (11%) (14%) 8% 6% 5% 36% 21% (17%) 25% (10%) (6%) (31%) 20% 32% 21% 0% (3%) (17%) 28% 23% 0% 31% 24% Median Price (Thousands) $325 $326 $296 $325 $330 $329 $339 $370 $310 $340 $312 $352 $364 $372 $363 $352 $363 $390 $381 $353 $410 $397 $414 Price Change (annual) 18% (1%) (3%) (2%) (1%) 6% 16% 17% (8%) 13% 13% 10% 12% 14% 22% 8% 10% 19% 12% (5%) 32% 17% 33% Months of Inventory $ , CalNeva Realty Page 16 of 20

17 Dayton Housing Trends Units NOTE: As of January, 2018, 70inventory is ACTIVE listings 60ONLY, no "in escrow" homes M A M J J A S O N D J-17 F M A M J J A S O N D J-18 F Inventory Inventory Change (annual) (14%) (18%) (20%) (17%) (10%) (2%) 13% 13% 8% 16% 13% (4%) 8% 21% 43% 34% 23% 11% (4%) (13%) (6%) 1% (52%) (59%) Total Sold Sold Change (annual) 17% (3%) 21% (22%) (28%) 0% (32%) 9% 44% 4% 138% (8%) 14% 6% 34% 61% 90% 30% 100% 25% 12% (24%) (3%) Median Price (Thousands) $201 $209 $233 $207 $230 $219 $220 $211 $243 $248 $235 $262 $254 $251 $236 $248 $255 $277 $258 $276 $279 $293 $311 Price Change (annual) 6% 11% 23% 11% 16% (0%) 16% 4% 16% 32% 17% 24% 26% 20% 1% 20% 11% 26% 17% 31% 15% 18% 32% Months of Inventory $350 $325 $300 $275 $250 $225 $200 $175 $150 $125 $100 $75 $50 $25 $0 Median Price (Thousand Dollars) , CalNeva Realty Page 17 of 20

18 Fernley - Housing Trends Units NOTE: As of January, 2018, inventory is ACTIVE listings ONLY, no "in escrow" homes. $300 $275 $250 $225 $200 $175 $150 $125 $100 $75 $50 $25 Median Price (Thousand Dollars) - M A M J J A S O N D J-17 F M A M J J A S O N D J-18 F Inventory Inventory Change (annual) 22% 18% 31% 24% 10% 23% 11% 16% 19% 39% 27% 14% 38% 21% 10% 18% 4% (2%) 1% (5%) 14% 11% (36%) (46%) Total Sold Sold Change (annual) (20%) (20%) 7% 30% (33%) 32% 22% (17%) 14% 11% 15% (22%) 5% 61% 17% 54% 32% 27% 20% 2% 2% 12% 3% Median Price (Thousands) $174 $195 $183 $203 $190 $199 $200 $193 $209 $190 $206 $202 $203 $217 $225 $236 $230 $235 $222 $239 $247 $230 $240 Price Change (annual) 16% 15% 10% 20% 3% 21% 18% 12% 29% 12% 20% 22% 17% 11% 23% 16% 21% 18% 11% 24% 18% 21% 17% Months of Inventory $ , CalNeva Realty Page 18 of 20

19 Lake Tahoe NV Housing Trends Units NOTE: As of January, 2018, inventory is ACTIVE listings ONLY, no "in escrow" homes. M A M J J A S O N D J-17 F M A M J J A S O N D J-18 F Inventory Inventory Change (annual) (7%) (9%) 5% 7% 3% 14% 11% 3% 4% 2% 2% (13%) (9%) (12%)(21%) (5%) (3%) (11%)(15%)(10%)(14%)(18%)(39%)(34%) Total Sold Sold Change (annual) 71% (38%) 0% 36% 33% 43% 113%(23%) 60% 33% 22% 0% (33%)(13%) 75% (53%) 0% 10% (12%)(20%) 25% (38%) 27% Median Price (Thousands) $695 $481 $1,74 $973 $565 $893 $838 $1,10 $685 $960 $900 $344 $1,47 $1,50 $785 $629 $953 $848 $895 $1,54 $592 $1,07 $862 Price Change (annual) 13% (33%)110% 44% (24%) 42% 9% 73% (28%) 83% 34% (69%)112% 212%(55%)(35%) 69% (5%) 7% 39% (14%) 12% (4%) Months of Inventory $1,800 $1,700 $1,600 $1,500 $1,400 $1,300 $1,200 $1,100 $1,000 $900 $800 $700 $600 $500 $400 $300 $200 $100 $0 Median Price (Thousand Dollars) , CalNeva Realty Page 19 of 20

20 Data Sources & Definitions Term Home Median Price Definition A Home in this report is defined as a single family residential property that is "stick built" constructed. Condominiums, townhomes, multi-family properties, manufactured homes, and vacant land are not included in the definition of a "Home" in this report. The SOLD price of the Home in the middle of all Homes sold during that month. For example, if Homes in a given month sold for $330,000, $333,000, $342,000, $355,000, $670,000, the median Home price is $342,000. Since housing data has extreme values, the median is a better representation of the general level of the housing market than the average (which would be $406,000 in this example - the sum of all values divided by 5). Prices are displayed in "thousand dollars": 500 = 500,000; 1,235 = 1,235,000 and rounded to the nearest thousand dollars for display purposes. % change in Median Home sale price compared to the same month in the prior year. Home Inventory Effective January, 2018, Number of Homes listed for sale EXCLUDING pending homes (homes under contract). Pre January, 2018, this metric includies homes that are currently in escrow (all pending categories). Inventory Change Homes Sold Homes Sold Change Months Inventory Definition % change in the Home Inventory compared to the same month in the prior year. The number of Homes that closed escrow during the specified calendar month. % change in the Homes Sold compared to the same month in the prior year. The number of months to fully deplete the current Home Inventory based on the rate of Homes Sold per month on average over the prior 12 months. This is calculated by dividing the current month's Home Inventory by the average of the Total Homes Sold in the prior 12 months. (Home Inventory) / [ (Total Homes Sold in prior 12 months) * 12 ]. By averaging the Homes sold per month over the last year, seasonal cycles are factored and provide a more accurate view of this measurement. Information Source The data supporting the charts in this report is obtained from the Northern Nevada Regional Multiple Listing Service (NNRMLS). This data is deemed reliable but not guaranteed. Lake Tahoe - All Lake Tahoe (NV) (MLS area 650) - Does Not Include Incline Village, NV Reno - All Reno (MLS area 101) Sparks - All Sparks (MLS area 108) Carson City - All Carson City (MLS area 200) Carson Valley - Gardnerville/Minden/Genoa/Topaz (MLS area 300) Dayton - Dayton (MLS area 420) Fernley - All Fernley (MLS area 450) Scope of Data The data used in this report is based on information from the Northern Nevada Regional Multiple Listing Service (NNRMLS) for the time period identified on this report. This data will not include homes sold outside of the NNRMLS such as For Sale By Owner homes and new homes from builders that were not listed in NNRMLS , CalNeva Realty Page 20 of 20