Whether you’re buying or selling, the Reno real estate news for October 2021 shows the critical fundamentals about the market that are working in your favor. If you’re a buyer, inventory is on the rise, and demand continues to stay strong if you’re a seller. Because of these reasons, we feel confident that the market is not heading for a sudden shift or change in direction.

It’s always important to consider the big picture when deciding to act in the Reno/Sparks real estate market. Last year at this time, there were only 347 active listings for sale in our region, which means inventory has increased by about 30%. The next thing to consider is that as inventory increases, buyers will have more options, affecting housing prices and demand. However,…

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The demand for housing in the Reno/Sparks region remains 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 median price increased by almost 2% to $540,000 over the last month. That is the highest median price for single-family homes in the history of the region. Year-over-year, median price is up by almost 20%. We expect it to continue trending up in the coming months, but likely at a slower pace than it was earlier this year. As of November 22nd, the median price for sales in the month…

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Written by Nancy Fennell, CEO of Dickson Realty.

Giving back during the holidays is an excellent way to reflect on what’s most important to you and what you love most about the community.

If you love living on the shores of Lake Tahoe or the small-town feel of our biggest little city in Northern Nevada, then you should know about the many extraordinary organizations of our region.

At Dickson Realty, we’re passionate about serving the community through philanthropy and are sharing ways to give back during the holidays this year. But, we also understand that this time of year can be stressful with the whirlwind of gift-giving, holiday parties, and festivities galore. That’s why the greatest gift could be your time and attention to a charitable…

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Written by Chris Galli, Dickson Realty

If you want to throw an unforgettable holiday party in Reno this season, then now is the time to start planning. But maybe you don’t know where to start or need some creative ideas.

Nancy Fennell Dickson RealtyNancy Fennell, Dickson Realty

Well, you’re in luck. Our CEO, Nancy Fennell, is not only an extraordinary real estate leader and philanthropist, but she is well-known for her tasteful and delightful gatherings and parties. So, I asked Nancy to share some of her secrets to creating a memorable experience for guests and what she loves most about entertaining.

I also reached out to three-party planning professionals to learn more about the logistics of organizing a successful event:

  • Andy Bomberger, Director of Event Sales…

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One of the most talked-about topics in real estate is the high demand for homes, which is contributing to record median prices and fast market times in our area. Here’s the latest information on the Reno/Sparks market, from the experts at Dickson Realty.

There were 516 homes active on the market and available for purchase (not in contract or escrow) at the end of October. This is a 4.6% decrease from last month, but compared to this time last year, the standing inventory is nearly 50% higher than October 2020. Even with the large year-over-year increase, strong demand from home buyers is putting most new listings into contract quickly and often with multiple offers. This causes prices to rise. Fortunately mortgage rates are remaining near all time…

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We have good news for homebuyers in our region. Keep reading for the latest info on the single-family home market in the Reno/Sparks area.

As of November 1st, 2021, there were 516 homes available for purchase, which is a slight decrease of 4.6% over last month. Despite the decrease month-over-month, there was a significant increase of almost 50% compared to the 347 homes available at this same time last year. Demand for homes that are coming to market is one of the biggest causes for the low inventory that we are seeing today, but we are seeing some stabilization as the demand is satisfied.

Months or Days of Inventory is typically how REALTORS refer to the amount of time it would take to sell all existing homes for sale if no additional homes…

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With the seasons changing, it’s time to look at the November calendar of events in Reno. From turkey trots to acclaimed Broadway shows to fabulous galas that raise money for the organizations that make Northern Nevada a wonderful place to live, there’s an event for everyone this month.

November Calendar Of Events In Reno/Sparks

‘HAMILTON’

  • When: Wednesday, November 3, 2021–Sunday, November 14, 2021
  • Where: Pioneer Center for the Performing Arts, 100 S. Virginia St., Reno
  • More Information

HAMILTON is the story of America then, told by America now. Featuring a score that blends hip-hop, jazz, R&B, and Broadway, HAMILTON has taken the story of American founding father Alexander Hamilton and created a revolutionary moment in theatre.…

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The question our agents hear most is this: “When is the best time to buy or sell real estate in Reno and Sparks?”

Since the pandemic, we’ve seen new trends starting and old trends behaving differently, making the market challenging to navigate. In this context, it’s essential to know how seasonality affects the real estate market. Historically, the market slows down in the colder months, and in the warmer months, the market is more active.

But this wasn’t the case in 2020—the economic shutdown created the perfect storm. Sellers were hesitant to sell, and many people were moving from more populated areas searching for space and better quality of life, which caused available inventory to plummet and housing prices to skyrocket across the country.

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Written by Mary Jurkonis

Incline Village Real Estate: Condos 

Condominiums offer buyers the opportunity to own real estate in Incline Village for less than the price of most single-family homes and with less maintenance. So, it’s easy to see why they’re one of the most popular segments of the market. Some buyers are looking for a place to lay their head at night after a big adventure, while others want a second home rather than a primary residence. Either way, condos offer the perfect solution. 

In Q3, the median price for a condo in Incline Village reached $846,750, about 6% higher than last quarter and 18% higher year-over-year. This graph also shows the number of available units decreased by about 18% from the previous year. 

From…

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Who's ready for winter? After this week's storm, it looks like we're going to have a good base to start the ski season. So whether you ski, snowboard, or just enjoy sipping hot cocoa from the comfort of the lodge, here are Tahoe's ski resorts opening dates so you can start making plans.


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