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March 2016

Found 15 blog entries for March 2016.

 

 

Photo and Listing Credit: Sotheby's International Realty. 

The most expensive home in Nevada is located at 1949 Glenbrook Road, Glenbrook, NV on 130 acres in Glenbrook on the banks of Lake Tahoe. In fact, the new owner will enjoy over 420 feet of private shore line. Several buildings, including 7 guest homes, add to the total 25 bedrooms and 25 bathrooms. The property is an entertainer's dream with a 5,100 square foot entertainment barn that was built in 1873 and is outfitted with a gourmet kitchen and wine room. The pool house includes an indoor pool, steam room, and outdoor hot tub and fireside dining.  Also included are horse stables, multiple gardens, and a gorgeous grassy courtyard. 

All this could be yours for $69,000,000. Check out

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Showing your home with inches of snow on the ground presents a specific set of concerns. Make sure your home is cozy and shows its best by following these quick tips. 

1. Clear the Driveway and Walkways of Snow. Even if your garage is filled with moving boxes and you don't park there anyway. Even if you everyone who comes to see your home parks on the street. Even if you absolutely hate shoveling snow and you really don't want to. Not only will this give home viewers a safe place to walk to your door, but it looks better and less intimidating than a snow filled driveway and front porch. 

2. Crank up the Heat. If you're comfy at 60 , that's great for your heating bill. But bump up your thermostat to at least 68 degrees for home showings. You want

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The average Days on Market is displaying an overall trend in growth, capped by a mark of 116 days for February 2016.  This equated to a percent increase of 11.5 percent from January to February.  While the average Days on Market fluctuates frequently throughout a calendar year, looking back to 2011 indicates an overall downward trend.  The spike to 116 is a pretty rapid increase considering the all-time low of 78 Days on Market set in August 2015.  The last time the market posted an average Days on Market higher than 116 was a mark of 129 set in January 2015.

If you have any questions about the local real estate market, please give us a call at 775-453-0209.
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By February 29th, the median price for the Reno-Sparks region climbed back to $290,000, a mark our market has matched at multiple moments over the past year.  This was a healthy increase compared to January, which marked a median sales price of $277,500.  Overall, the market has hovered around $290,000 since July 2015.

For any sellers who have equity as a result of the increase in property values, the low inventory and high demand make this a great time to talk to a Dickson agent about how to sell now and for the best price in many years.

Recent turbulence in the stock markets and the unsettled global climate is helping to keep mortgage rates at historic lows. This will help buyers who are looking to move up or enter the housing market for the first

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This is the question that continues to come up as residents read about rising home prices. To them, it feels like 2006. However, I have listened to several presentations recently that would suggest otherwise. Those presentations coupled with sales statistics present another story; one not without challenges but certainly a picture that suggests we are not seeing a repeat of the housing crisis which began in 2006 just yet. We are in a slow recovery, but certainly a recovery.

The first several presentations I heard were from Mike Kazmierski, CEO of EDAWN (Economic Development Authority of Western Nevada). His team has done an outstanding job assisting more than 100 companies relocate to our area over the past four years. His future predictions of

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Let's review the Reno Sparks housing market activity, comparing month over month as well as year over year activity through February 29, 2016. We hope this information is useful to you in your decision making process for buying or selling a home. Please contact us for more market statistics or market information at 775-453-0209. 

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If you're planning on selling your home, you may have a few questions. We completely understand and have compiled a list of some of the most commonly asked questions by home sellers about selling their home. If you're interested in selling your home, call us at 775-453-0209. We'd be honored to help you navigate the home selling process. 

1. How much is my house worth? The median home price in Reno-Sparks in February 2016 was $290,000- just $2,000 short of a local record-high. Contact us for a no-obligation, free home valuation and we'll give you a good idea of what your home could sell for. We highly recommend having your Realtor value your home at least a several weeks prior to putting it on the market. This will give you time to take care of anything

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Have you recovered from "springing forward"? We don't like to think of it as losing an hour of sleep so much as we are gaining an hour of daylight. More daylight means more outdoor dining, gardening, and sunshine. Daylight Saving Time is a great annual reminder to check off some important, simple tasks off your to-do list.  Below are five tips to focus on for Daylight Saving Time. 

1. Change the batteries in your smoke and carbon monoxide detectors.

2. Spring Cleaning. Whether you tackle one room at a time or do it all over a few days, you'll feel accomplished when you're finished and your house will look great too! 

3. Focus on Curb Appeal. Even if you're not planning to sell your home, adding some curb appeal by the way of new flowers, painting

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There were 1,419 available listings at the end of February 2016, which is a new 6-month low dating back to 2015. The number of available listings has decreased each month since August, which posted an available listings mark of 2,164. Typically, in our market the number of available listings decline in the fall and winter months before an increase over the spring months and peak in summer months.

The 6-month trend of sold properties has fluctuated more than the total number of available listings. There were 351 sold properties for February; a 9.5% decrease from January. The low number of sales is largely attributed to the inventory shortage that we have been experiencing for many months.

February recorded a median sales price of $290,000, matching

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You've signed the documents. Your loan was approved. You've been stockpiling boxes and your packing is well underway. But there's something keeping you up at night- something important about your upcoming move that you're worried you're going to forget. Stop worrying and check out this list of important things people forget to do before they move. 

1. Cancel recurring charges. This includes your cable, satellite, internet, newspaper and gym memberships. Some companies (like cable and internet) will allow you to transfer service to your new residence. If you have mail order prescriptions, update your mailing address and billing information. 

2. Update your address. You can do this online at www.usps.com. Also update your insurance (car, property,

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