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Reno is passing through a growing moment in foreclosure market. Nowadays, we have 108 foreclosures available in the city. And compared to last month things got easier for those who want to invest, with more foreclosures in the market and more chances of deals. Reno started September with 79 foreclosures available. October registered a fall to 78 homes, or -1.27%. The city had another down in November: -20.51%, leaving 62 properties in the market. Things got worse in December with a drop to 22 homes in foreclosure available (-64.52%). Opportunities went abundant for buyers last month, with a rise, when Reno registered 61 foreclosures, a 177.27% increase comparing to December.
As for the cost, Reno has a small difference in prices comparing to all US. Nowadays, investors can buy foreclosure homes in Reno for $123,150, a value 27.88% below the US average price ($170,764), and a 4.79% decrease compared to the prices of January in the city.