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November 2016

Found 13 blog entries for November 2016.

If you're planning to sell your home in the new year, you may be considering making some updates before you contact a Realtor. Before you bust out your paintbrushes and buy new bathroom fixtures, check out this list from Country Living of trends that will be in (or not) in 2017. 

1. Matte Finishes- Like matte nail color, matte appliances will be popular in 2017. Still have those dates white appliances? It's time for an upgrade. Consider a gunmetal or smudge-resistant stainless steel. 

2. Marble. Yes, marble is making a comeback. If you can't swing a full kitchen marble makeover, consider marble accents in the backsplash or in the bathrooms. 

3. Jewel Tones. Tired of neutral grays and boring beige? Update your home with a bold jewel tones.

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Let's take a look at Median Price and Days on Market trends over the past 6 months for single family homes in the greater Reno-Sparks area.

At the end of October, the median home price for the Reno-Sparks region decreased slightly to $306,425 from September’s $310,000. This represents a 1.2% decrease month over month, and a 3.6% decrease from the peak of our summer selling season in July. Despite these declines, the median price is still 9.4% higher than a year ago at this time. Strong demand for housing, low mortgage rates and healthy job growth in the region will continue to drive median price up over the long term, especially in the most affordable price ranges.

The Average Days on Market for October increased by a few days from September, to

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If your plans for Thanksgiving begin with Turkey and end with stuffing, you may be looking for fun things to do this holiday weekend. We've compiled a list of some of the events going on this weekend, just in time to kick off Thanksgiving. Whether you want to go for a run or take a trip on a historic train, Reno and Sparks have plenty to offer this weekend. 

Gobble Before You Wobble 5k/10k- Thanksgiving morning at 9 a.m. at the City Plaza in Reno. 

Reno Ice Rink- At Greater Nevada Field, Reno. 

V&T Candy Cane Express- Holiday train running November 25 and 26 and December 3, 4, 10 and 11. 

Animal Ark- Open Friday, November 26 and Saturday, November 27 from 11 to 3. 

Scheels Turkey Trot- Thanksgiving morning at 8:30 a.m. 

Crafts for

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Let's review the Reno Sparks housing market activity, comparing residential sales from September to October 2016, and comparing year over year activity to October 2015.

If you would like to know more about Reno or Sparks real estate conditions, please reach out to us. We can provide a complimentary home valuation for your property if you are interested in selling. You will have the most accurate, up to date value for your home. If you are interested in purchasing a home, we can set up a personalized home search for you. You will receive immediate email updates when a home matching your requirements comes on the market. 

 

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If your green thumb is itching for some action, the freezing temperatures we've been seeing are a little disappointing. Luckily, there are some projects that are meant to be tackled during the cooler months. 

1. Build a Fire Pit. With a fire pit, you'll have an outdoor space that's usable all year long. Make sure to be safe and build the fire pit at least 10 feet away from any buildings or combustible materials like a wooden fence. 

2. Clean Out Your Planters. Winter is the perfect time to reflect on the past growing season. Were your roses outstanding? Did your try at an herb garden just not work out this year? Use this time to create a fresh palette for spring planting by clearing out plants that didn't do well. 

3. Utilize Lighting. Without

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Have you already started your holiday shopping? If not, get a head start this Saturday, November 19 from 2:00 p.m. to 6:00 p.m. at Somersett's 12th Annual Sip and Shop. There will be more than 20 vendors selling everything from jewelry to hand made crafts, apparel and much more. 

Half the fun of the Sip and Shop is the sipping! Enjoy a glass of wine while browsing for gifts for your loved ones. Somersett's 12th Annual Sip and Shop is open to the public and child care will be available in the Sports Court. Children can participate in crafts and games while adults enjoy some quality shopping time. 

Need more information? Contact Somersett Owners Association at 775-787-4500.

 

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Market activity for Single Family homes in October 2016 was down in nearly every tracked metric from last month and the summer season peak. However, the median price and average sold price per square foot are both still in positive territory when comparing year over year. Let’s look at the details.

There was a 9% decrease in available inventory of homes when comparing September to October. The 2,090 available listings at the end of October was a 5% increase compared to 1,986 last year.

In October, Reno/Sparks area Realtors sold 484 single family homes, which was 23.8% fewer homes sold than in September. This metric has been bouncing up and down for most of this year and is loosely tied to the number of new listings that appear on the market. Fewer

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Home repairs are rarely fun, seldom exciting, and are often expensive. The holidays are rapidly approaching and you might be considering putting of some home repairs till the new year. Before you procrastinate on tackling those projects, take a look at our list of repairs that should be handled immediately to prevent more damage and expense. 

Damaged Roof- Missing or broken shingles, roof leaks, or just age-related deterioration could cause major, costly damage. Have your roof inspected and get more than one quote for any repairs. Need a total re-roof? Make sure the contractor you choose is fully licensed and insured. 

Plumbing Leaks- Whether you have a leaking pipe below your kitchen sink or a dripping hose bib in the back yard, water can cause

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From Northern Nevada Business Weekly. 

Written by Dickson Realty President Nancy Fennel and Vice President of Relocation and Agent Services Kylie Rowe. 

Years ago, the prevailing attitude of our community was a “no growth” path. It seemed as if every new person that moved into the area wanted to be the last person that moved here. What a difference a decade or two makes. Looking at the past, we have learned that without controlled and sustainable growth, a community can fade away.

Since those days, everyone involved with economic development in the region has done an outstanding job. In 2014, the EPIC Report’s five-year projections showed remarkable employment and population growth, despite some skepticism. In August, EDAWN reported that we are

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Let’s take a look at the existing housing inventory and sales statistics by price range for the Reno-Sparks area, as of October 31st.

The local real estate inventory and affordability have been the main topics of conversation in the real estate industry for several months. At the end of October, overall inventory was up 21% year-over-year. While available inventory is down in the under $300,000 price range compared to this time last year, it is up in every other price bracket, underscoring the need for more affordably priced homes in the market.

When we look at absorption by price range, we still see a strong seller’s market in homes priced below $600,000. For homes priced below $300,000 there is a little over one month of inventory at 41 DAYS! For

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