Real Estate Blog - January, 2020

February Things To Do In Reno and Sparks That You Will Love

With so many February things to do in Reno and Sparks, there are plenty of ways to share the love! If you’re looking for February events in Reno/Sparks, you could support one of our community’s signature fundraisers, hear inspiring speakers or even run in your underwear (for a good cause, of course). Here are almost two dozen of events you could attend.

February things to do in Reno/Sparks

Come in from the Cold – Reno Swing Set

• When: Saturday, February 1, 2020
• Where: Bartley Ranch Regional Park, 6000 Bartley Ranch Road, Reno
• More Information

Enjoy a variety of performers at Bartley Ranch’s “Come in from the Cold” series in the warm and cozy Western Heritage Interpretive Center. For this session, the Reno Swing Set will play a…

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Year-End Reno/Sparks 2019 Luxury Trends Report

Click on the image to read Dickson Realty's Luxury Trends Report for Reno/Sparks. In this report, you will find loads of information about our luxury real estate market. There is a letter from the broker, valuable market stats and insights, our active and sold luxury listings this year, and articles from Luxury Portfolio.

Click here to download a PDF version of the Luxury Trends.

If you would like any more information about our regional real estate market, please reach out.

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DOM & Median Price Report – Reno/Sparks -January 2020

Let’s take a look at the 6 month trends for Median Price and Days on Market trends in the greater Reno-Sparks area for single family home sales.

“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 was nearly unchanged, going from $400,000 in November to $393,500 in December. The median price has been hovering at this level for several months. The relatively low supply and strong demand for housing in our region are expected to keep median price on the rise in the long term.

The Average Days on Market went up from 90 days in November to 102 days in December. Typically, we see an increase in the number of days to sell a home…

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Eco-Friendly Countertops

If you are planning to replace your kitchen countertops, whether because you're planning to sell or you're just updating, choosing an eco-friendly option might be the way to go. Because eco-friendly countertop options have been increasing in popularity, you now have more options than ever. 

Reclaimed Wood- Reclaimed wood is very popular in Northern Nevada. Salvaged wood is even more eco-friendly than recycled materials because the material never becomes waste. Wood does need to be resealed occasionally and shouldn't be used directly next to the sink, so another material will need to be incorporated. 

Fibrous Cement- Made with recycled paper, glass and concrete, fibrous cement counters are all unique. Custom made for your kitchen, these counters are…

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7 Home Updates to Make This Winter

Spring may bring new beginnings, but winter is the perfect time to tackle some home updates. If you're planning to sell your home this year, making these seven home updates may increase your property value and may help sell your home faster. 

1. Improve Curb Appeal- Trimming trees and shaping hedges should be done in the winter while the plants are dormant. Consider adding or replacing mulch now to give your yard a fresh look. 

2. Replace or Upgrade Doors- Are your doors looking a little shabby? Replacing or painting your front door can make a huge difference on a potential buyer's first impression of your home. Interior doors can be painted and new door hardware can make them look brand new. 

3. Add a Back Splash- There are so many back splash…

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Active vs. Sold Report – Reno/Sparks – January 2020

Here’s what you need to know about the Reno/Sparks real estate market, from the experts at Dickson Realty.

There were 817 homes active on the market and available for purchase at the end of December, which was a 16% decrease from November and a 32% decrease from December 2018. This was the fourth consecutive month to experience a reduction in inventory.

Reno/Sparks area REALTORS sold 504 single family homes in December, which was an 11% increase from November 2019 and a 31% increase from December of 2018. Demand for homes is expected to remain strong, even with the reduction in inventory.

The median sold price for single family homes in Reno/Sparks was at $393,500 in December, which was slightly less than November. The regional median price…

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Market Profile Report – January 2020

Here’s what is happening in the Reno/Sparks real estate market. Our analysis includes single family homes and condo activity in the region.

The median price in Reno/Sparks decreased 1.6% in December 2019 to $393,500, but increased 7.8% year-over-year. We’ve been hovering at this median price since September of this year, with some months slightly higher or lower.

Reno/Sparks Realtors sold 508 homes in December, which was a 12% increase from November, and a 32% increase from November 2018.

In December, 260 new listings entered the market, which is a decrease of 37.5% compared to November. When comparing year over year, the number of new listings was also down by 14% from December 2018.

From November to December, the number of available…

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Choosing Investment Property in Northern Nevada

It's common knowledge that Northern Nevada's economy is doing well. No corporate income tax, no personal income tax, and a cost of doing business that's 6% lower than the national average are all excellent reasons why so many businesses are moving to and launching in the area. Real estate is also going strong in Northern Nevada and you can read the latest real estate market report here. Or check out the latest in economic news. Many people are interested in investing in real estate and the Northern Nevada region is an excellent place to purchase an investment property. Below we've highlighted some tips to help you decide what might be a good property for you. 

Higher Education- The University of Nevada, Reno, Truckee Meadows Community College, and…

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Tips for Updating Your Powder Room

The powder room, or half bath, can be a great place to take chances with decor and design. Because of the small space, you can be creative without committing to a design or color that might overpower a bigger room. These 

Bold Color- Light, neutral tones can make a small space feel bigger, but you can also embrace your small bathroom and go for a bold navy blue, dark gray, or a deep jewel tone. 

Save Space- If your powder room is really tiny, consider saving space where it makes sense for your room. A pedestal sink is smaller than a vanity and a corner sink can take up even less space. 

Wallpaper- Wallpaper has come a long way in recent years. Opt for a bold pattern or color you love and make sure it's water resistant if you're putting it near…

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Tips for First Time Home Buyers

If your resolution is to buy your first home in the new year, you may be excited or overwhelmed with all there is to do before making an offer. Check out these tips that will make the process easier. 

1. Manage Your Finances and Credit. If you're in significant debt, and are living paycheck to paycheck, it may be difficult to get a home loan. Consider paying down your debt and saving for a down payment. Make sure your credit history is in good standing. The higher your credit score, the better your mortgage interest rates will be, saving you money in the long run.

2. Work with a Mortgage Lender. Unless you plan to pay cash for your home, you'll likely need a home loan to purchase your home. Lenders will work with you to determine how much home you…

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