The real estate monitoring service RealtyTrac found foreclosures in both cities dropped by nearly 60 percent.
But, RealtyTrac analyst Daren Blomquist says the drops in foreclosures may have more to do with a new law called the "Homeowner Bill of Rights" than a real improvement in the markets.
Blomquist says so many bad loans have already been dealt with in California that the state could buck the national trend, but it's hard to tell.
"When we see that in other states, there is sometimes an extended period where foreclosure activity drops dramatically, but then that's often followed by a rebound in the number as the lenders adjust to the new way of doing," he says.
California is now 16th on the list for most foreclosures. It has been in the top ten since the housing crisis began.
Blomquist says Nevada has no Homeowners Bill of Rights. Reno had a 22-percent decrease.
Meanwhile, a real estate research firm says California home prices rose in December while scant inventories kept a lid on sales.
The median sales price was $365,000, up 1 percent November and up 22 percent from December 2012. It is the 13th straight month of annual gains above 20 percent, though prices have leveled off since summer.
Analysts say Nevada ended the year 2013 with the second-highest foreclosure rate in the country, even though foreclosure activity cooled down significantly from past years.
RealtyTrac reports one in every 46 Nevada properties received a foreclosure filing in 2013. The report says about 25,000 Nevada homes were affected last year, down 78 percent from 2009, which was the peak year for filings.
Nevada foreclosure activity last year was down 21 percent compared with 2012.
Florida had the nation's highest foreclosure rate in 2013.
Rancho Cordova boasts the largest drive-in movie theater on the West Coast and rumors of this entertainment relic’s impending demise are as alive and well as the drive-in itself on a Saturday night. So is this outdoor theater on the verge of closing?
Railcar maker Siemens announced this morning it will expand its Sacramento footprint by opening a new 60,000 square foot plant at McClellan Park. The Munich-based company has operated a manufacturing plant in South Sacramento for nearly 30 years.
(AP) - Unemployment rates are ticking down in Nevada's three main metropolitan areas.
(AP) - Rooftop solar company Sunrun is joining some of its competitors is laying off hundreds of Nevada employees in the wake of rate changes.
(AP) - A newspaper reports the U.S. Forest Service has begun an environmental review of Nestle Waters North America's bottling operations in the San Bernardino National Forest.