Here’s the latest information on the Reno/Sparks real estate market. Our analysis focuses on single-family home activity in the region for the month ending June 2021.

If you have any questions about this report or the real estate market in our region, please reach out.

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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 299 homes active on the market and available for purchase (not in contract or escrow) at the end of June, which was a welcomed increase of 11.6% from May 2021. At this time last year, there were 651 available listings, which is a year-over-year decrease of 54%. Although that is a significant decrease, we are currently seeing a good number of new listings coming to market. The strong demand from home buyers is putting most new listings into contract very quickly and often with…

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Whether you're an avid baseball fan, or just looking for something different to do for date night, taking in a Reno Aces ball game at Greater Nevada Field is a fun evening out. From Military Monday to Thirsty Thursday, there really is something for everyone. Want to bring Fido along, check out the Reno Aces Dog Days on the first Monday of the month. 

  • Family Sunday – Sunday is family day at Greater Nevada Field! Enjoy $1 hot dogs while watching the Reno Aces.
  • Military Monday – All active and retired military and first responders get BOGO tickets. 
  • Taco Tuesday- Enjoy two tacos for $6 or the combo deal of two tacos and a beer for $10.
  • Coors Light Thirsty Thursday – Get $2 drafts of Coors Light or $4 Aceball Ales until the middle of the 5th…

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

As of July 1, 2021, there were 299 homes available for purchase which is an increase of nearly 12% over last month. Although inventory is down 54% compared to June of 2020, today’s low inventory numbers don’t necessarily mean fewer homes are being listed or sold. We actually have more sales this year than last year at this time. 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…

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Unforgettable Day Trips From Reno For Everyone To Have Fun This Summer

History Buffs

Day-trips-from-Reno-Fort-Churchill-State-Historic-ParkSydney Martinez/TravelNevada

Fort Churchill State Historic Park

An integral part of Nevada history, Fort Churchill Historic State Park preserves a U.S. military outpost that provided resources and protection to early settlers exploring the American West. These ruins highlight a time when the Pony Express and Overland Routes were highly traveled. Nestled alongside the Carson River, Fort Churchill is an excellent place to camp, hike, canoe, bird watch, and horseback ride while also learning about Nevada’s early pioneering days. 

Winnemucca Lake

Northern Nevada’s vast rural landscape is home to many archeological sites. Winnemucca Lake is roughly an hour…

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While the Reno housing market recently set records for its median sales price, the area’s standing inventory is growing, giving buyers more options this summer. Here are five things you need to know about buying or selling a home in the Reno housing market right now.

1. The median sales price is up in the Reno housing market and Sparks

For the first time, the median price of a home in the combined Reno-Sparks housing market hit the $500,000 mark. If you had asked me before the pandemic when we might have seen this in the Reno housing market, I would’ve ventured to guess in 2023 or, more likely 2024. So, the fact we’re seeing this record set in 2021 is incredible.

The median price increased by 1.5% month over month and more than 25% in one…

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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 May 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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Here’s the latest information on the Reno/Sparks real estate market. Our analysis focuses on single-family home activity in the region for the month ending May 2021.


If you have any questions about this report or the real estate market in our region, please reach out.

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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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