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Real Estate Blog

If you've ever watched a show on HGTV, you've heard about the importance of curb appeal. But now, how your home looks from the street may be even more important than ever. With so many home buyers doing more of their home search from a distance, the way the exterior of your home shows can determine if they will schedule a tour. More home buyers are doing drive by tours before deciding if they want to see the home in person. 

If you're going to sell your home, here are some easy tips to make sure your home's first impression is a good one.

1. Maintain the Driveway and Walkways. Patch any cracks, remove weeds, power spray, or even add a clear sealant over your driveway and walkways. Blow or sweep off the driveway and walkways before showings, open

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Demand for housing in the Reno/Sparks region has remained relatively strong despite COVID. Although we experienced a slight decrease in median price in the month of May, we are heading into our traditional busy season with unprecedented low inventory, which should help stabilize both price and time on market.

“Median” means “in the middle”, so half of homes sold for more and half sold for less. According to the Reno-Sparks Association of REALTORS, the regional median price decreased from $415,000 to $399,900 from April to May. Our year-over-year median price is still in positive territory, and we expect the median price for sales in the coming months to trend up at a manageable pace.


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The Average Days on Market dipped slightly

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Get ready to enjoy summer with these July things to do in Reno and Sparks that are either virtual or comply with COVID-19 restrictions. Artown is back for its 25th year with more than 300 events, both online and in person. Many other organizations are also offering workshops, concerts, and more! Check out this list of July things to do in Reno and Sparks.

July Things To Do In Reno

America The Beautiful!

United States Flag day

  • When: Wednesday, July 1, 2020
  • Where: Wilbur D. May Museum
  • More Information

A new exhibition of oil paintings, acrylic, water media, pastels, and mixed media works from the Latimer Art Club, America the Beautiful! features a variety of art inspired by the famous song that begins: “Oh beautiful for spacious skies, for amber

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While Wingfield Park and Hawkins Amphitheater won’t host large performances for this year’s Artown, the event plans to bring art to the Biggest Little City through virtual shows, small events, and a city-wide invitation to make art through “Heartown.”

The Artown 2020 poster was created by artist Ivette Valenzuela.

“The vitality of live art will not be lost, and the magic of Artown will continue,” said executive director Beth Macmillan. “People will interact, though differently, and the arts will heal our community throughout July.”

Every July for the past 25 years, Artown, a 501(c)(3) nonprofit agency, has created a city-wide celebration of the arts with mostly free concerts, gallery displays, pop-up performances, theater productions, and crafts.

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From Keep Truckee Meadows Beautiful. Are you looking to put something new in your garden or yard? The city of Reno Parks Department is giving KTMB and the Truckee Meadows Parks Foundation the proceeds from the sale of city grown flowers and vegetables! The sale will be Wednesday and Thursday, July 1 and 2, from 8-2 pm, unless there is a sell-out on Wednesday, at the City of Reno Parks Department nursery located at 190 Telegraph Road directly behind a public storage facility.  

For the protection of everyone –

  • Customers and staff will be required to wear masks
  • Tape marks on floor guide one-way system through the greenhouse
  • 40 customers plus up to 10 staff maximum in greenhouse

Pricing: 

$2 per 4-inch pot or six-pack

$4 per gallon

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While these are unprecedented times, people still want and need to buy and sell real estate for many reasons. We continue to take steps to ensure that we are as prepared, organized and proactive as possible. If this is not the right time for you to buy or sell, we certainly understand and will be here when it is the right time for you. 

Below is an update on the Reno/Sparks real estate market. Our analysis focuses on single family home activity in the region for the month ending May, 2020.

 

The median price in Reno/Sparks decreased 3.6% from April to May, going from $415,000 to $399,900. Despite the month to month decrease, when comparing year over year, median price increased 2.5%, which is a healthy growth rate.

Reno/Sparks REALTORS sold

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Written by Beau Keenan, President of Dickson Realty. 

At Dickson Realty, we’ve received many questions from our clients and friends about the status and health of the Reno-Sparks real estate market as a result of COVID-19. People want to know about prices, how unemployment is affecting demand, and if we are headed for another real estate bubble.

As trusted advisors and experts in the real estate industry, we want to address these questions by highlighting key statistics and facts about the state of the market, both locally and beyond. This data tells the story of what happened before and during COVID-19.

While we don’t have a crystal ball to say where the market will be post-COVID-19, we do have historical and current data that can help us make

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There were 737 homes active on the market and available for purchase at the end of May, which was a 0.54% decrease from April and a 36.63% decrease from May 2019. Typically, we should have an increase in inventory this time of year. However, not all sellers are comfortable putting their homes on the market at this time.

Reno/Sparks area REALTORS sold 397 single family homes in May, which was a 2% increase from April and a 41.6% decrease from May 2019. While the year-over-year decrease seems alarming, it’s good to remember that May 2019 was a very strong month for sales. A decrease in sales this year was somewhat expected due to the timing of the stay at home orders in Nevada and neighboring states. While the number of sales is down, buyer demand

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Offering over asking price can make even experienced home buyers shudder. But paying more than a seller's asking price can make sense for some home buyers. So, when should you aim high? Check out these 5 times offering more than asking price might be the right decision.

1. You Can Afford to Pay Over Asking Price. Remember that the home still has to be appraised for the asking price if you're getting a mortgage. Otherwise you'll be stuck paying for anything above that amount. 

2. It's a Seller's Market. A seller's market is when there are more home buyers looking for homes than there are homes on the market. It's also a good idea to be pre-approved for a home loan and be ready to act quickly when you find a home you want to make on offer on. 

3.

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Fantastic location! Quiet cul de sac location on a large pie shaped lot that is walking distance to schools, parks and easy access to shopping, and freeways. This house has been meticulously maintained with a newer water heater, and the furnace has built in Humidifier. The exterior of the house was painted just two years ago. The backyard is private and is perfectly set up for relaxing and siting on the patio while enjoying the Sunsetter retractable motorized awning. Ready to show and sell today.

3 bedrooms, 2.5 bathrooms

1,899 square feet

6535 Sage Grouse Court, Reno

Reach out to schedule your private tour or if you'd like more information about this lovely home. 

6535 Sage Grouse Court, Reno, NV 89523-1904

6535 Sage Grouse Court, Reno, NV 89523-19046535 Sage Grouse Court, Reno, NV 89523-1904

6535 Sage Grouse Court, Reno, NV 89523-1904

 

6535 Sage Grouse Court, Reno, NV 89523-1904

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