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All Blog Entries by Jeff Sallan

Found 779 blog entries published by Jeff Sallan.

Written by Rebecca Dickson, Vice President of the Dickson Realty Luxury Division. 

 

Historically, most buyers of Reno luxury homes entered the market from Northern California after they had retired or sold a business. The state’s tax benefits provided a substantial draw and benefit to this group, whose entry-level price started at about $2 million.

However, the characteristics of the typical Reno luxury home buyer began to change about 30 months ago and became supercharged by the pandemic. Now, more buyers interested in Reno luxury homes come from Southern California, are in their 30s or 40s and have a budget of at least $4 million.

This shift in demographics, preferences, and geography of buyers is driving an increase in interest in Reno

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Nationally and locally, one of the most talked-about themes in real estate is the high demand for homes, which is driving record median prices and fast market times. Here’s the latest information on the Reno/Sparks market, from the experts at Dickson Realty.

There were 268 homes active on the market and available for purchase (not in contract or escrow) at the end of May, which was a welcomed increase of about 7% from April 2021. In May 2020, there were 737 available listings, so today’s active inventory is down by 64% from a year ago. Although this is a significant decrease, we are currently seeing a near-normal number of new listings coming to market. The strong demand from home buyers is putting most new listings into contract very quickly and

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Our local housing market has a little good news for buyers with an increase in inventory to help meet the sustained high demand. Here are the latest statistics for the single-family homes in the Reno/Sparks area.

As of June 1, 2021, there were 268 homes available for purchase which is an increase of nearly 7% over last month. Although inventory is down 64% compared to June of 2020, today’s low inventory numbers don’t necessarily mean fewer homes are being listed or sold. In reality, we have more sales than last year at this time. Strong demand for the homes that are coming to market is one of the biggest causes for the low inventory numbers that we are seeing.

Months or Days of Inventory is typically how REALTORS refer to the amount of time

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Northern Nevada is emerging from the COVID-19 pandemic with a full June calendar of events in Reno and Sparks. From Reno Food & Drink Week and Reno Aces games to traditional special events such as the Street Vibrations Spring Rally and the Reno Rodeo, there’s something for everyone to look forward to.

June Calendar Of Events In Reno and Sparks

Reno Food & Drink Week

  • When: June 2-9, 2021
  • Where: Downtown Reno
  • More information

Reno Food & Drink Week is a community event designed to support and celebrate the local food and drink community and to encourage locals and visitors to try new places. Follow Reno Food & Drink Week on Facebook, Instagram and Twitter for the latest updates.

Reno Aces vs. Sacramento River Cats

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Northern Nevada is emerging from the COVID-19 pandemic with a full June calendar of events in Reno and Sparks. From Reno Food & Drink Week and Reno Aces games to traditional special events such as the Street Vibrations Spring Rally and the Reno Rodeo, there’s something for everyone to look forward to.

June Calendar Of Events In Reno and Sparks

Reno Food & Drink Week

  • When: June 2-9, 2021
  • Where: Downtown Reno
  • More information

Reno Food & Drink Week is a community event designed to support and celebrate the local food and drink community and to encourage locals and visitors to try new places. Follow Reno Food & Drink Week on Facebook, Instagram and Twitter for the latest updates.

Reno Aces vs. Sacramento River Cats

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Farmers markets in Reno and Sparks have always been a time to enjoy the warm summer months while shopping for specialty products from local artisans, farmers, and vendors. Every year, people look forward to sampling and conversing with others to learn more about the artistic and farm-to-table process. But when the COVID-19 pandemic disrupted business operations last year, the farmers market community had no choice but to adapt and evolve. 

Sampling was prohibited, social distancing was enforced, seating areas were eliminated, and employees were screened for COVID-19 before entry. Farmers markets—classified as special events—are required to follow state directives and county health guidelines.

With this in mind, Nevada recently adopted CDC guidance

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Demand for housing in the Reno/Sparks region is strong, which is keeping upward pressure on home prices, while market times remain fast. Here’s the latest info from the experts at Dickson Realty.

When discussing median price, median means “in the middle”, so half of homes sold for more and half sold for less. According to the Reno-Sparks Association of REALTORS, the regional median price increased by 2% to $494,500 from March to April. This is another new record median price for single-family home sales in the region. Year-over-year, median price is up by 19%, and we expect it to continue trending up in the coming months.

Click to Enlarge

The Average Days on Market decreased by 13 days, or 19%, to 55 days through April. This is the lowest

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Magnificent views and great private location backing up to a canyon in northwest Reno. The exterior was painted just last year and downstairs is Luxury Vinyl plank flooring. The backyard fencing was also redone to maximize the view. This home is in fantastic condition ready for a new owner.

Please check out the video tour.

1670 Saturno Heights Drive, Reno 89523

3 Bedroom, 3 Bathroom, 1,794 square feet

Garage featured at 1670 Saturno Heights Dr, Reno, NV 89523

 

Property featured at 1670 Saturno Heights Dr, Reno, NV 89523

 

Kitchen featured at 1670 Saturno Heights Dr, Reno, NV 89523

 

Farm land featured at 1670 Saturno Heights Dr, Reno, NV 89523

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Whether you're having a home built or buying a home, there are certain amenities that homeowners love. If you are planning to purchase a home, it's smart to go into your search with a list of must-haves. Even though the competition is tough for home buyers, you want to be sure that your new home will work for your lifestyle. 

Here's a list of homeowners' favorite home amenities. Which amenities are your favorite? 

High-End Finishes- Hardwood flooring and solid surface or quartz countertops can make a home feel much more luxurious than the less expensive finishes. Hardwood flooring is preferred by 87% of home buyers, according to Realtor Magazine. 

Energy Efficiency- Energy-efficient windows, appliances, HVAC, and insulation can all make a huge

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Here’s the latest information on the Incline Village/Crystal Bay real estate market. You will find year-over-year comparisons of different statistics for single-family homes in the top graphic and condos in the bottom graphic; both represent the month ending April 2021.

Click on each image to view larger

If you have any questions about this report or would like more information about the real estate market, please reach out.

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