Real Estate Blog - August, 2020

Have Fun On And Offline With These September Things To Do In Reno And Sparks

From an online Burning Man multiverse to chats about bats, there are plenty of September things to do in Reno and Sparks. We looked high and low to find a variety of September events and activities in Reno and Sparks. So, without further ado, here are 17 things you can do this month either in person or virtually.

16 September Things To Do in Reno and Sparks

Burning Man Multiverse

• When: Sunday, August 30, 2020–Sunday, September 6, 2020
• Where: Virtual
• More Information

Pack your virtual playa gear and get ready to burn in the Multiverse. Although this year’s event in the Black Rock Desert was canceled due to COVID-19 concerns, Burning Man’s organizers hope the virtual event, themed The Multiverse…

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Market Report - DOM and Median Price - Reno/Sparks- August 28, 2020

Home. It has never been so important. And, the strong demand for housing in the Reno/Sparks region is proving this statement true. Although we experienced a slight dip in median price in the month of May, we are firmly into our traditional busy season with unprecedented low inventory, which has helped to stabilize both price and time on market.

“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 from $405,000 to $435,000 from June to July. Our year-over-year median price is up by 7% and we expect the median price for sales in the coming months to continue trending up at a manageable pace.

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The Average…

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These 7 Home Renovation Projects Deliver More Value For You And Future Buyers

The more time we spend at home, the more things we notice that could be improved with a home renovation project. Some homeowners wait to remodel their kitchen, landscape the backyard, paint the walls, or update the flooring until right before they sell. However, many people who hold off on completing home renovation projects regret the delay, said Angila Grausz, owner of Luxe Life Home Staging.

“A lot of people I work with say, “We waited, and we spent the money anyway,” she said. “They realize they could have completed the project earlier and enjoyed the results too!”

In Reno and Sparks, Dickson Realty agent Lori Welsh said that due to COVID-19, she is seeing homeowners upgrading their homes both cosmetically, as well as undergoing substantial…

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Market Profile Report- Reno/Sparks-- August 20, 2020

Although we are in unprecedented times, we have been surprised by the number of people who still want or need to buy and sell real estate. The buyer demand is remarkable in nearly every price range. We continue to take steps to ensure that we are as safe as possible while bringing new homes to market and showing properties. However, if this is not the right time for you to buy or sell, we certainly understand and will be here when it is the right time for you.

Below is an update on the Reno/Sparks real estate market. Our analysis focuses on single family home activity in the region for the month ending July, 2020.

If you have any questions about this report or the real estate market in our region, please reach out.Market Profile Report- Reno/Sparks

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5 Tips For House Hunting During a Pandemic

Buying a home isn't often considered an easy process. From financing to finding a home to inspections and closing, there's a lot going on. During the Covid-19 pandemic, how we are buying and selling has changed, but the real estate market is strong. If you are planning to look for a new home in the near future, consider these five tips. 

1. Prepare to search virtually. Most home buyers do their initial house hunting online anyway. Today we're seeing more virtual home tours and videos as people choose to socially distance. Many real estate agents are providing video tours of the homes they have listed so home buyers can get a feel for the property before seeing it in person. 

2. Plan to shop for a mortgage lender. Because interest rates are so low,…

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Trading Up For A Bigger House Might Be More Doable Than You Think

As the world turns to virtual learning, virtual working, and more time spent at home, more people are thinking about buying a bigger house. In the Reno/Sparks housing market, there is currently a unique set of circumstances that make this desire more achievable for some homeowners than they may think.

“If you have a more affordable home to sell and you’re looking to move up in the market, you are going to be in a situation where you have a really competitive listing, and then you’re going to have more homes to choose from at a higher price point,” said Beau Keenan, President of Dickson Realty. “So, it’s an ideal setup.”

3 Reasons Buying A Bigger House In Reno/Sparks Is Possible

Three factors make it possible for some homeowners to buy a bigger…

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Market Report - Inventory and Percent of Sales - August 2020- Reno/Sparks

Our local housing market is hot, right along with the summer weather. What we are hearing from our clients is that people still need and want to buy and sell homes. Of course, each buyer or seller must evaluate what is best for them. As your trusted advisors, we can help explore your options. The only properties we still cannot show to prospective buyers are those occupied by tenants.

Here are the latest statistics for the single-family home market in the Reno/Sparks area:   

Days or Months of Inventory is the amount of time it would take to exhaust all available homes for sale if no additional homes came into the market. For homes priced under $300,000, we have a remarkable 7.5 days of inventory, and for homes in the range of $300,000 to $600,000,…

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Just Listed: 15065 Western Springs Court, Reno

Fantastic 1/2 acre lot with great views of Mt Rose. Back yard has numerous mature fruit trees and great spaces for creating a masterful garden. Rear portion of the backyard is undeveloped and ready for an incredible plan that utilizes the magnificent views of Mt Rose. Three bedrooms, two and half bathrooms with no Home owners association. Ready for a quick close.

15065 Western Springs Court, Reno, NV 89521

$480,000

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