Since August of last year, the average days on market has been increasing. In January, the days on market peaked at 125. The increase in days on market is largely due to bank owned and short sale homes that are selling in the region, which in January had an average days on market of 202 days. By comparison, traditional or non-distressed homes had an average days on market of 107.

Days on Market Feb 2015

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With the warmer weather we’ve been having, you’re probably spending more time outdoors. If your yard needs a little updating, now is a good time to consider your options. Before starting your outdoor renovations, check to see if you need permits. If you’re taking on a large project, you may want to consider hiring a landscape designer.

1. Lighting. Lighting can include outdoor lamps, pathway lights, wall and hanging lights. If you’re concerned about wiring, consider solar lights. Solar lights can also be a good option for security lights or spotlights for specific features like a fountain or flag.

2. Gazebo. A gazebo can be an excellent focal point in a backyard. They range  in size and provide shade and a great area for entertaining.

3. Hot Tub.…

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Gorgeous home with mountain views located in Northwest Reno off of West 4th Street. This home has an open, bright floor plan and features four bedrooms, three bathrooms and over 2800 square feet of living space. The kitchen is large with granite counters and stainless steel appliances, a double oven and a large island.

The yard is fully landscaped with a paver patio off the back porch that’s perfect for entertaining. The spacious master bedroom opens to a large deck to enjoy Reno sunsets. The master en suite is also large and bright with lovely tile work. Built in 2013, this nearly new home is move-in ready.

If you are looking for a home in a quiet neighborhood in Northwest Reno with plenty of space, lots of storage and beautiful views, this home is…

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This is a great chart by Dickson Realty showing the types of homes sold in Reno since August 2014. The dark blue represents traditional, non-distressed sales. The yellow represents short sales. The light blue represents REOs. For more information about the current market, give us a call at 775-453-4568. Solds-By-Type-Reno-BlogFeb5-591x1700

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We’re headed back into a “normal market”. Fewer homes are distressed (bank owned or short sales) and we are seeing more cases of multiple offers due to our limited housing supply. If you’re a buyer, it’s important to act quickly when viewing homes or making offers. If you’d like to receive information about new listings as soon as they hit the MLS, let us know and we can set that up for you.

The median price of area homes is continuing to increase and the amount of time that homes are staying on the market is decreasing. If you are planning to sell your home, now is a great time to list it. Give us a call at 775-453-0209 and we will create a customized market analysis for your property. You may be surprised by home much your home is worth.

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08Sales in December 2014 were up by 1.6% over 2013 and the average days on the market was the same. Homes are selling for nearly 13% more so sellers have a reason to celebrate. Current inventory is down 27%! That means there is a higher demand for available homes and we could see an even greater increase in home values.

30 year interest rates are down about .6 points since this time last year, which is great news for buyers. Make sure you’re pre-approved before heading out to look at homes.

If you’re planning to sell your home this year, give us a call and we will be happy to create a customized market analysis for your property so you will know the value of your home and have time to prepare your property prior to listing.

If you’re planning to…

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