Q&A: How do you feel about Reno real estate?

Being a homeowner, I feel that real estate here is ridiculously over priced. Because people from Northern California have flooded into Reno over the past several years, cashing in on what they earned in the Nor Cal real estate market, prices were driven sky high. Over the last year as the economy has changed and the market slowed, prices here have started dropping. Unfortunately many homeowners still feel that their house is worth what it was three years ago, however those people need to face reality.

The market here is starting to equalize and though inventory is still sitting on the market, prices are coming down. Not enough for some. To live in a single family home in a nice part of town you’re still looking at about $ 300K. For what Reno has to offer it’s too much.

Go somewhere like Boise or the mid-west. You’ll get a lot more for your money as well as (probably) a safer, cleaner town.