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Real Estate Blog

Here’s what you need to know about the Reno/Sparks real estate market, from the experts at Dickson Realty.

There were 817 homes active on the market and available for purchase at the end of December, which was a 16% decrease from November and a 32% decrease from December 2018. This was the fourth consecutive month to experience a reduction in inventory.

Reno/Sparks area REALTORS sold 504 single family homes in December, which was an 11% increase from November 2019 and a 31% increase from December of 2018. Demand for homes is expected to remain strong, even with the reduction in inventory.

The median sold price for single family homes in Reno/Sparks was at $393,500 in December, which was slightly less than November. The regional median price

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Here’s what is happening in the Reno/Sparks real estate market. Our analysis includes single family homes and condo activity in the region.

The median price in Reno/Sparks decreased 1.6% in December 2019 to $393,500, but increased 7.8% year-over-year. We’ve been hovering at this median price since September of this year, with some months slightly higher or lower.

Reno/Sparks Realtors sold 508 homes in December, which was a 12% increase from November, and a 32% increase from November 2018.

In December, 260 new listings entered the market, which is a decrease of 37.5% compared to November. When comparing year over year, the number of new listings was also down by 14% from December 2018.

From November to December, the number of available

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It's common knowledge that Northern Nevada's economy is doing well. No corporate income tax, no personal income tax, and a cost of doing business that's 6% lower than the national average are all excellent reasons why so many businesses are moving to and launching in the area. Real estate is also going strong in Northern Nevada and you can read the latest real estate market report here. Or check out the latest in economic news. Many people are interested in investing in real estate and the Northern Nevada region is an excellent place to purchase an investment property. Below we've highlighted some tips to help you decide what might be a good property for you. 

Higher Education- The University of Nevada, Reno, Truckee Meadows Community College, and

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The powder room, or half bath, can be a great place to take chances with decor and design. Because of the small space, you can be creative without committing to a design or color that might overpower a bigger room. These 

Bold Color- Light, neutral tones can make a small space feel bigger, but you can also embrace your small bathroom and go for a bold navy blue, dark gray, or a deep jewel tone. 

Save Space- If your powder room is really tiny, consider saving space where it makes sense for your room. A pedestal sink is smaller than a vanity and a corner sink can take up even less space. 

Wallpaper- Wallpaper has come a long way in recent years. Opt for a bold pattern or color you love and make sure it's water resistant if you're putting it near

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If your resolution is to buy your first home in the new year, you may be excited or overwhelmed with all there is to do before making an offer. Check out these tips that will make the process easier. 

1. Manage Your Finances and Credit. If you're in significant debt, and are living paycheck to paycheck, it may be difficult to get a home loan. Consider paying down your debt and saving for a down payment. Make sure your credit history is in good standing. The higher your credit score, the better your mortgage interest rates will be, saving you money in the long run.

2. Work with a Mortgage Lender. Unless you plan to pay cash for your home, you'll likely need a home loan to purchase your home. Lenders will work with you to determine how much home you

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Here’s what you need to know about the Reno/Sparks real estate market, from the experts at Dickson Realty.

There were 974 homes active on the market and available for purchase at the end of November, which was a 13% decrease from October and a 23% decrease from November 2018. This was the third consecutive month to experience a drop in inventory.

Reno/Sparks area Realtors sold 448 single family homes in November, which was a 20% decrease from October 2019 and a 4.5% decrease from November of 2018. It is typical this time of year to see the number of sales start to decrease, and we expect fewer sales when inventory numbers are down as well.

The median sold price for single family homes in Reno/Sparks was relatively flat at $400,000 in

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Let’s take a look at the 6 month trends for Median Price and Days on Market trends in the greater Reno-Sparks area for single family home sales.

“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 was nearly unchanged, going from $399,995 in October to $400,000 in November. The median price has been hovering at this level for several months. The relatively low supply and strong demand for housing in our region are expected to keep median price on the rise in the long term.

Median Price Reno Sparks

The Average Days on Market went down from 95 days in October to 90 days in November. Typically, we see an increase this time of year, but the reduced inventory

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The median price in Reno/Sparks, at $400,000, was flat from October to November but increased 6% year-over-year. We’ve been hovering at this median price since June of this year, with some months slightly higher or lower.

Reno/Sparks REALTORS sold 452 homes in November, which was a 19% decrease from October, and a 3.6% decrease from November 2018.

In November, 411 new listings entered the market, which is a decrease of 16.63% compared to October. When comparing year over year, the number of new listings was also down by 15.61% from November 2018.

From October to November, the number of available single-family homes for sale decreased by 12.96% to 974 homes. This was the third consecutive month of declining inventory in the region. Along with

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If it's time to upgrade your flooring and you have pets, you're probably searching for something that's both durable and stylish. Since 54.4 million households have at least one dog and 42.9 million households are cat owners, pet-friendly flooring is understandably seeing an increase in popularity and you have several options to choose from. 

Tile or Stone- The most durable flooring option is tile or stone. Water and stain resistant, tile and stone floors are easy to maintain and are very forgiving. Tile and stone floors also come in a variety of finishes, colors, and price points. 

Stained Concrete- Concrete floors that have been properly sealed are scratch resistant, water proof, and very easy to clean. There are a variety of colors to choose from

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December is the time of year when Northern Nevada begins to twinkle with all the holiday lights in Reno-Sparks. From neighborhood-wide competitions to neighbors who coordinate a gorgeous light display on their block, to individuals with a zest for decorating, many areas get into the holiday spirit. Want to see some of the best light displays? Here are a few places we’d recommend checking out to see holiday lights in Reno-Sparks.

1. Hidden Valley Parade of Lights

For 37 years, the Hidden Valley Parade of Lights has lit up this neighborhood east of McCarran Boulevard. The light displays stay up through Jan. 1, and anyone is welcome to drive the streets and see the show. A community tradition, the event is also a friendly competition among the

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