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January 2017

Found 13 blog entries for January 2017.

Dickson Realty interviews Greg Mosier the Dean of The College of Business at the University of Nevada, Reno. Learn about the number of students graduating from The College of Business, its national rank, Global Business program, business outreach centers, and opportunities for corporations to recruit top talent.

Dickson Realty Spotlight on The College of Business at the University of Nevada, Reno from Dickson Realty on Vimeo.

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Happy New Year! As we look forward to 2017, let us first reflect on the market in 2016, for luxury homes. In this last quarter newsletter we have added a few statistics that you may find interesting. First, 2016 ended very much like 2015, in terms of sales over $1 million. We saw slight decreases in average sales price and price per square foot, and the total number of sold units was just under 100 for both years. Consistently throughout 2016, more than half of the sales over $1 million were between $1 and $1.5 million.

In one of our new charts, we thought it would be helpful to show the sales in increments of $100,000. Notably, the most sales occurred between $1 and $1.1 million. That segment is actually undersupplied! Homes listed for more than $2

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Truckee RiverUpdate from TMWA: "Our region is experiencing one of the best starts to a water year in recent history. Precipitation since the beginning of October is well in excess of 200% in both the Truckee and Tahoe basins.

The snowpack is also about double what it normally is for this time of year. January has been one of the top five months for precipitation on record. The wet-weather pattern has also provided a big shot in the arm for Tahoe, with the lake’s level rising 1.4 feet just since the first of January— and over two feet since the beginning of the water year on October 1.

It is estimated that the lake will be 4.2 feet above the rim by June, which is about two-thirds of its massive storage capacity. This is an extremely-favorable outcome, allowing us

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We've all lived somewhere that didn't have adequate storage. If your current home's kitchen, bathroom or closet space is limited, you have probably considered adding storage somewhere. If the space is right, shelving can be very helpful for those rooms that need extra storage. Consider these places for extra shelving. 

1. Above the door. If you have a door in a corner of a room, a small shelf can utilize that otherwise waster space. This corner shelf is handy because it can fit deeper items that a traditional wall shelf can't hold. If your door isn't in a corner, you can still use a shelf. In a guest bathroom, extra rolled bath towels look great stored above the door. 

2. Above the couch. Make sure these shelves are high enough you (and your guests)

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To understand the future of the housing market, we need to understand the housing data through the end of December 2016. In the last six months, the median price for single family homes and condos has gone from $295,000 to $298,500, and is now back to just under $290,000. The number of days that houses are actively marketed before they are sold has gone from 78 days to 108 days in the same six months. The median price has increased from December 2015 to December 2016 by 4.7 percent.

The number of units sold in the same time frame has increased by 1.2 percent. Last December, we had a few more new listings at this time and a few more listings in general on the market. Pictures are worth a thousand words so the mix of houses sold through the end of

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Reno Housing Market Update LogoLet's review the Reno-Sparks housing market activity, comparing residential sales from November to December 2016, and comparing year over year activity to December 2015. According to the Reno Sparks Association of Realtors, the Median Sold Price for single family homes and condos in the Reno/Sparks area decreased 1.6% from $294,500 in November to $289,900 in December. When we compare this price to a year ago, we see a 4.7% increase, validating a continued healthy market.

While the year over year increases are beginning to impact affordability, it is important to note these increases are being fueled by sustainable economic growth and new jobs created by existing companies that are expanding in addition to many companies moving to our region. The number

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So you're planning to move this year? You're getting your house ready to list (painting, updating fixtures, deep cleaning and working on that curb appeal!) and have contacted a Realtor. But as you begin to pack, you may realize that you own more than you thought. You have a box of books that you haven't even unpacked from your last move. There are some handy tips that will make your decluttering process a little easier before you pack everything into a moving truck. 

1. Plan Ahead. Experts recommend that you start decluttering at least a month before you move. The earlier the better. This should give you time to decide what items you want to donate and what you want to sell. Decide if you're going to have a yard sale, list items online or have them

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Realtor.com recently posted a great article about home renovations that have the best return on investment. Whether you're planning for a kitchen update or your Pinterest board is filled with modern bathroom looks, it's good to know what your home improvements will cost, and if they're worth it, especially if you are planning to sell your home in the near future. If your New Year's Resolution was to show your home some love, then read on! 

1. Installing loose leaf fiberglass insulation in the attic. This probably isn't the most exciting home improvement project, but it is cost effective with a 107.7% return on investment. 

2. Replacing the boring front door. Choose a steel or stone veneer door for roughly 90% ROI. 

3. Universal Design. Universal

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I have some market news to share with you. Market activity in the Reno/Sparks area for Single Family homes in December 2016 was as expected for this time of year. Let’s take a look at the details.

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Active vs Sold Reno Sparks

There was a 21% decrease in available inventory of homes when comparing November to December. This was the fourth consecutive month of decreases in inventory, which is consistent with the typical trend during the holiday season and winter months.

In December, Reno/Sparks area REALTORS sold 497 single family homes, which was 7% fewer homes sold than in November. The number of sales this December is also 4% less than December of last year.

The median sold price in Reno/Sparks ticked down slightly, back to $300,000. Our median price has been

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A fantastic CNN article focused on Tesla's effect on home values in Sparks. Anyone who lives in Northern Nevada or who has been following the business news in the area already knows the incredible impact Tesla and the many other companies that have opened their doors and hired thousands of people have had on the local economy. But what about home values specifically? 

With the Tesla Gigafactory expected to hire around 6,500 workers by the time it reaches full capacity in 2020, that's a lot of new jobs and likely a lot of relocated families. Since the start of the Gigafactory construction in June 2014, home values in Sparks have increased an average of 6% a month! Since Elon Musk announced the plans for a Gigafactory in the fall of 2013, Reno-Sparks

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