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November 2018

Found 10 blog entries for November 2018.

With the holiday season comes an uptick in crime. Before the celebrations begin in full, check out these quick tips to make sure you, your family and your property remain safe. 

Home Safety

  • Veranda, Night, Light, Stairs, House, Wooden, NoiseBe aware of social media. Be careful what you post, and definitely don't post holiday travel plans or schedules (and remind the kids not to post anything like that). 
  • Light up the exterior of your home. Thieves don't like to work in light if they can help it. Motion sensing lights are great deterrents to would-be burglars. 
  • Don't forget doors and windows. You may be surprised how many homes are accessed by thieves through unlocked doors and windows. Make sure everything is locked up and the garage door is closed before you leave. 
  • Leave the lights on.
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To help California wildfire survivors, The Community Foundation of Western Nevada and Dickson Realty are urging Northern Nevada residents to donate to trusted organizations.

“My heart goes out to the people in California who have lost their homes, their businesses and their loved ones,” said Nancy Fennell, President of Dickson Realty. “We have so much to be thankful for in our beautiful community of Northern Nevada. In this season of thanks, it seems right to help however we can.”

Motivated by a concerned donor, the Community Foundation compiled the below list of vetted and recommended organizations that are helping California wildfire survivors. These organizations are working directly with those affected by the Camp Fire in Northern California and

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Written by Nancy Fennell, President of Dickson Realty

Whether it was due to the barrage of political phone calls, rising interest rates or national and world events, it felt as if buyers hit the pause button in October, slowing sales in the Reno real estate market. However, is that correct and, if it is correct, is that bad news? What are the facts?

According to the Reno/Sparks Association of Realtors, Washoe County’s October median price for single family homes of $380,000 was up 1.7 percent from September and up just more than 10 percent from October 2017.

This year, we have seen a smaller increase in the median price each month, which I believe is healthy, considering the affordability factor in the lower price range in the Reno real estate

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Let's review the Reno-Sparks real estate market, comparing month over month activity from September to October 2018, and comparing year-over-year to October 2017. This graphic includes Single Family Homes and Condo/Townhouse market statistics.

Please contact Sallan Real Estate if you have any questions or would like to discuss what is happening in our local real estate market.

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To help those affected by the Camp Fire, especially children, Dickson Realty agent Brock Marquez is working with local nonprofit Ashlee’s Toy Closet to collect donations that will be delivered directly to Chico, California.

“Whatever someone is willing to give, we’ll take, and we’ll figure out the best way to donate it,” Marquez said.

Some of the most needed items include gift cards, gloves, shovels, new toys, and new blankets, said Ashlee Smith, 13, who launched Ashlee’s Toy Closet in 2007 to help the victims of the Angora Fire in South Lake Tahoe.

“Our primary goal is to get new toys for the kiddos, but we know adults come with the kids,” said Ericka Smith, Ashlee’s mom.

Ashlee’s Toy Closet will collect donations from many locations in Reno,

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Inventory of homes for sale increased slightly in October providing additional relief for buyers. As of October 29th, there were 1,588 homes and condos available for purchase, which is a 1% increase from the beginning of September and a 60% increase from this time last year. Seventy-seven percent of available homes are priced under $600,000.

Inventory & Percent of Sales Report - November 2018 from Dickson Realty on Vimeo.

For homes priced under $300,000, we have 1.7 months of inventory, and for homes in the range of $300,000-$600,000, inventory is 2.7 months. If you own a home in either of these price ranges, it is still a very good time to sell with little competition in the marketplace. Homes priced from $600 to $900,000 and $900 to

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Reno/Sparks area Realtors sold 454 single family homes in October, which was only 1 fewer than September 2018, but 17% fewer than October, 2017. The number of available homes decreased by almost 9% from September, with 1,329 homes active on the market in October.

Active vs Sold Reno Sparks

 

Despite the monthly decrease, inventory is up by about 33% year over year. The year over year increase in inventory is a welcomed relief to buyers in the region. The median sold price for single family homes in Reno/Sparks increased by 1.7% in October, to $380,000. When compared to October of 2017, a more significant increase of 10%, or $35,000 was realized. “Median” means “in the middle”, so half of home sold for less and half sold for more.

An annualized upward trend in median

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Are you envisioning the stockings hung on the mantle with care and the holiday roast baking to perfection in the oven, all in a new home? Celebrating the holidays in your new home, doesn't have to be a dream as there is still time to sell your current home before the holidays. While summer might be the most popular time of year to sell a home, selling in the winter, especially when inventory is low like it is in Northern Nevada, can be an excellent time to sell. In addition to working with a Realtor who has significant experience selling homes in Reno-Sparks, check out these tips to sell your home fast before the holidays. 

Play Up Holiday Features. Does the home have a gorgeous fireplace? Add stockings or garland or a large decor item to make the

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A recent NY Times article discussed a piece of Nevada property purchased by Jeffrey Berns this year for $170 Million. Berns, the owner of Blockchains L.L.C., "imagines a sort of experimental community spread over about a hundred square miles, where houses, schools, commercial districts and production studios will be built". Plans also include a research campus, a college and an e-gaming arena.

Like other entrepreneurs, Berns was attracted to Nevada for its impressive tax benefits. The property is 67,000 acres and in addition to the community, will also house a blockchain. A blockchain is an information record where transactions made in cryptocurrency are recorded publicly. The campus will offer companies and startups the ability to test new

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