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August 2019

Found 8 blog entries for August 2019.

Every quarter, the Dickson Commercial Group releases a report about Reno/Sparks multifamily real estate activity. Using several key data sources, the report covers multifamily sales, apartment rental data, and construction activity. It offers a unique and comprehensive overview of the Reno/Sparks market for multifamily owners and investors.

Reno/Sparks Multifamily Sales in Q2 2019

The second quarter of 2019 saw several large Reno/Sparks multifamily sales, for a total of 323 units sold. Of those, more than 60% came from the sale of Skyline Canyon Apartments at 3300 Skyline Blvd. The other three sales totaled 119 units in East Reno, on properties on Kirman Avenue, Mill Street, And Locust Street.

In Midtown and Downtown Reno areas, activity

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Outdoor living continues to appeal to homeowners, especially the outdoor kitchen. In a recent American Institute of Architects Home Design Trends Survey, the outdoor kitchen is one of the most wanted kitchen features in new architectural projects. Almost 50% of the architect who responded to the survey reported that outdoor kitchens are still growing in popularity. The Northern Nevada climate is perfect for an outdoor kitchen, with cool summer evenings and sunshine in the middle of winter. 

If you're considering a outdoor kitchen, you may want to add a specialty appliance like a smoker, pizza oven, kegerator or wine fridge to your traditional grilling area. Stainless steel appliances are the most popular option for both indoor and outdoor kitchens.

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Late summer and fall are a great time to sell your home. The Reno-Sparks housing market is still going strong for home sellers and interest rates are still in near-record territory, making this a good time for many people to buy. If you want to make sure your home shows its seen in the best light possible. 

Start At the Front Door- You know that curb appeal is important, but make sure you pay attention to the porch too. Tasteful fall decor is good, but stay away from anything too crazy. Instead of decorating for holidays, decorating for the season is generally better received. Make sure the front door is clean, the porch is free of debris, and the porch light is on if the house is being shown in the evening. 

Swap Summer Hues for Autumn Tones-

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STEAM education is crucial to Nevada’s future.

STEAM stands for science, technology, engineering, arts, and mathematics education. Advanced manufacturing, IT, cybersecurity, energy, and agriculture, are growing faster than non-STEAM industries in Nevada. Tesla, Switch, and hundreds of other Nevada companies need workers with STEAM skills. STEAM education prepares students for these careers and to make a difference. They can create new products, solve ecological challenges, improve how people live and make an impact.

STEAM Education Investment Nevada

Nevada invests in STEAM education and workforce training to give all Nevadans the skills the New Nevada economy requires.

To support that effort, the Nevada Governor’s Office of Science,

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Mortgage rates dropped again last week as concerns about the ongoing trade dispute with China continue. The 30-year-fixed-rate mortgage averaged 3.6%- the lowest we've seen since November 2016. Last year at this time, the 30-year fixed-rate-mortgage averaged 4.59 percent. 

This was the third-largest weekly decline for the 30-year-fixed-rate mortgage during 2019, a year where we've only seen a handful of rate increases. 

The 15-year-fix-rate-mortgage also dropped to an overage of 3.05%. Last year at this time, the 15-year fixed-rate-mortgage averaged 4.05 percent.

Sam Khater, Freddie Mac’s chief economist, says, “There is a tug of war in the financial markets between weaker business sentiment and consumer sentiment. Business sentiment is declining

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Reno/Sparks area Realtors sold 590 single family homes in July, which was a 4% increase from June 2019, and a 4% increase since July of 2018.

There were 1,321 homes active on the market and available for purchase at the end of July, which was a 4.4% increase from June, and an 11% increase from July 2018. This marks the fourth consecutive month of increases in available inventory. Over two-thirds of the available homes for sale on July 30th were priced below $600,000.

The median sold price for single family homes in Reno/Sparks rose by another percentage point, to $405,000 in July. Year over year, our regional median price has increased a little over 5%. This is the highest median price ever recorded for Reno/Sparks single family homes. “Median”

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Hot August Nights is back! This event brings hundreds of thousands of people and more than 6,000 jaw-dropping classics and hot rods to Northern Nevada. Celebrate America’s love affair with classic cars and rock n’ roll during this regional extravaganza.

With nine days of show-n-shines, cruises, drag races, auctions, and more, there are plenty of events from which to choose. Here are some not to miss!

Hot August Nights Entertainment

  • When: Tuesday, Aug. 6 – Sunday, Aug. 11
  • Where: Outdoor Venues Throughout The Reno-Sparks Area
Photo By Marcello Rostagni/Courtesy Hot August Nights

Musical legends headline the weeklong Hot August Nights festival dedicated to classic cars and rock n’ roll. Attendees can kickoff their blue suede shoes and

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Here’s the latest information about the Reno/Sparks real estate market, from the experts at Dickson Realty.

As of July 30th, there were 1,321 single family homes available for purchase, which is a 4.4% increase over the last month. An even more sizable increase of 28% was realized since this time last year, providing needed relief to home buyers in our region. Sixty-nine percent of available homes are priced under $600,000.

For homes priced under $300,000, we have 31 days of inventory, and for homes in the range of $300,000 to $600,000, inventory is about 2.5 months. If you own a home in either of these price ranges, it is a very good time to sell with little competition in the marketplace. Inventory of homes priced from $600,000 to $900,000 is

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