Heather Sallan - REALTOR®

Sallan has been in the Reno-Tahoe area for 18 years and has been selling real estate for the last 15 years, having sold primarily in Lake Tahoe until moving to in 2001. She has been a top-producer since moving to Reno and a number-one agent for sales volume in 2007.   

Heather is also very involved in our community.  She has run the Community Outreach program for her children’s elementary school for the last 6 years and is very engaged in helping needy families who need food, clothing, and gifts during the holidays.  Her Community Outreach endeavors have not only helped hundreds of local families, but have touched her own family and life in more ways than she can say.

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Great Market information

Market Conditions

Current Market Conditions

There are two topics I want everyone to be aware of;
the amount or velocity of properties selling
Notice of default filings

Properties sold have continued an upward trend with regards to the amount sold. This number dramatically fell off in November and December of 08 and has steadily increased to date. The amount of new homes sold is relatively flat. Most new home builders have either ceased building or are simply pre-selling and then building. The extreme entry level builders(from 125K-175K) are still building and selling. Re-Sales are continuing a positive upward trend in volume sold. Foreclosures are still dominating the market. The 8,000.00 first time home buyer credit is certainly helping the lower end of the market. I am seeing softening in the market in the 300K and above range.

The number of notice of default filings is continuing to grow. The notice of default is a pre cursor to foreclosure. I believe there will be even more price pressure on homes in the 300K and above range. I do not feel prices on the low end of the market will be effected that much. These homes given current interest rates have never been more affordable. I have seen many multiple offers on well priced bank owned homes in the 120K-175K range. I do believe that there will be fantastic opportunities to purchase homes well below build costs for the next year. These will be nicer homes in good areas. It is a great time to be a

Specialties

• Somersett
• Northwest Reno
• Mountain