Dickson Realty partnered with This is Reno to distribute an interview with Nancy McCormick the Senior Vice President of Business Retention, Expansion & Workforce at the Economic Development Authority of Western Nevada (EDAWN). With the 52,400 new jobs coming into our region by the end of 2019, there are many resources for seekers and employers. Learn the details in this video and online at WhyReno.org.
Dickson Realty Spotlight on Workforce Development with Nancy McCormick of EDAWN from Dickson Realty on Vimeo.
Moving into a new home can be stressful. There are movers unloading, so much cleaning to do, and a new home in a new neighborhood to get comfortable in. If you're planning to move, there are some steps to take that can make move in much easier.
Change your locks and reprogram the garage door opener. Contractors, neighbors, and friends of the previous owner could have keys to your home.
Schedule Utilities. Ideally, you've already scheduled your basic utilities (water, gas, electric) to transfer to your name before you actually move in. Don't forget to schedule cable and internet.
Schedule Services. Lawn care, laundry service, cleaning service, and any other services should be updated with your new address and scheduled if you will need them
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. These statistics exclude Condo sales and focus only on single family home sales activity in the region.
According to the Reno-Sparks Association of REALTORS, the Reno-Sparks area experienced a 4% increase in median price from $335,000 in September to $348,450 in October. This price was 12.4% higher than October of last year, and 24.5%, or $68,500 higher than October, 2015. These year over year increases highlight the strong demand for housing being driven by low housing inventory, continued low mortgage rates and economic growth. We anticipate the median price will continue to increase in the long term, especially
Let's review the Reno-Sparks real estate market, comparing month over month activity from September to October 2017, and comparing year-over-year to October 2016.
According to the Reno Sparks Association of Realtors, the Median Sold Price for single family homes and condos in the Reno/Sparks area increased by 3.4% to $330,000 through October. A more significant 11.9% increase is seen when we compare this price to a year ago. The sustained demand and low inventory will continue to drive prices up in the long term.
The number of homes sold decreased by 9.8% in October, with 637 sales versus 706 in September. Despite the month over month decrease, there was actually a 5.5% increase in the number of homes sold
Market activity in the Reno/Sparks area for Single Family homes should begin to cool off slightly in the last quarter of the year, which is the typical seasonal trend. However, the continued strong demand and constrained inventory of affordable homes to purchase continues to drive a Seller’s market in many price ranges and neighborhoods. Let’s take a look at the details.
There were 899 homes available at the end of October. This a decrease of 16% when compared to September, and down a staggering 42% when compared to this time last year. Next, we will look at the number of units sold.
Reno/Sparks area Realtors sold 538 single family homes in October, which was a decrease of 12.2% compared to September.
If you've never sold a home before, there may be several difficult revelations to face. From choosing a trusted real estate agent to represent you to making updates to your home, read below for a list of the things that homeowners might be unprepared to deal with before the sale closes.
1. Choosing an agent. There are A LOT of real estate agents in Reno-Sparks. That doesn't mean you should just choose the person your hairstylist recommends (though recommendations are a very good place to start). Choose an Realtor who has experience selling homes in your area. Ask for recommendations and ask about their experience. Ultimately, choose a Realtor that you trust and that you actually like.
2. Cleaning Up. You may think your home is clean, but to an
Written by Nancy Fennell, Dickson Realty President.
"Since the beginning of time, people have been enamored with the idea of possessing luxurious things. In the beginning, objects of beauty were unevenly distributed to those with the birthright to possess them — the genesis for both trade and wars of theft. The desire to protect possessions ultimately led to the creation of fortresses, the weapons industry and walled cities. In a very real way, simple objects of luxury became the driving force behind much of the global development of societies, culture and even real estate."
— From The New Rules of Luxury Living published by Dr. Jim Taylor and Chandler Mount for Luxury Portfolio International
Demand for affordable housing in Reno-Sparks is high, and supply is low. This creates a challenging environment for home buyers and sellers alike. Let’s take a look at the Reno/Sparks inventory and year to date sales statistics by price range.
As of October 31st, there were 990 homes on the market that were Active and Available for purchase. This is 5.2% fewer homes than the 1,044 on the market at the end of September and a staggering 34.4% fewer than the 1,508 homes on the market at this time last year. Sixty-eight percent, or 670 of the homes on the market today have asking prices under $600,000. In October 2016, 75% of available listings were under $600,000. Fewer than 20% of the homes on the market today have asking prices below $300,000, while