Dickson Realty's president, Beau Keenan, shares his perspective on national and local trends in this video. If you have any questions about the local real estate market, or purchasing or selling a home, please reach out. We will be honored to assist you however we can. 

Q3 2020 Real Estate Update from Dickson Realty on Vimeo.

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The Reno-Sparks real estate market, priced $1 million and higher, continues to see a shortfall of inventory, in particular luxury new construction. The average price per square foot of homes selling in today's market is $345.07. As the cost of building materials and labor continue to increase, we will likely see this number go up. 

Our lifestyles may be changing for the long term and the things we desire in our home are also changing. Dickson's partner, Luxury Portfolio International, reports the most-desired amenities that appeal to affluent home buyers are also evolving. Here are the top 4 trends: 

  • Home Offices or Multiple Home Offices and Study Areas- up 54%
  • Gym/Fitness Area- up 54%
  • Swimming Pool- up 54%
  • Home Theater- up 50%

 

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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 September, 2020.

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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If you’re new to Northern Nevada or unfamiliar with the region, you may be surprised about the area’s rich Basque history. Basque culture has been a part of Nevada since the 1800s, and its impacts can be seen throughout Northern Nevada. One of Reno’s oldest restaurants is Louis’ Basque Corner, which to this day, dishes up Basque cooking and the state’s almost official drink, the Picon Punch. The University of Nevada, Reno, even has a dedicated center to Basque studies. Want to know more? Here’s a short primer on Basque history and its impact on the region.

Basque history in Northern Nevada

The Basque people are indigenous to an area of Europe called the Basque Country, which straddles parts of north-central Spain and south-western France. They…

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Our local housing market is still going strong as we enter into this fall season. 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, inventory is only 13 days. While the low inventory represents a very real challenge for buyers, now is an extremely good time to sell a home in either of these price ranges, with little competition and multiple offers being received on many listings.

IInventory of homes priced from $600,000 to…

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The Reno/Sparks real estate market continues to be at the forefront of many conversations, with low inventory, surprising median prices and fast market times. Here’s the latest information from the experts at Dickson Realty.

Active vs Sold Reno Sparks

Click to enlarge the graph

There were 425 homes active on the market and available for purchase (not in contract or escrow) at the end of September, which was an 8% decrease from August and a staggering 67% decrease from September 2019. Our market has had a steady decline in inventory since April, which is contributing to higher prices and hurting affordability. Fortunately, mortgage rates are remaining at near all time lows, which brings some relief to buyers.

Reno/Sparks area REALTORS sold 681 single family homes in…

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Fire, Matchstick House, Burning Matchstick HouseFire Prevention Week runs through October 10th. This year, the theme is "Serve Up Fire Safety in the Kitchen!" The kitchen is the number one source of home fires, most often caused by unattended cooking. Learn what things you can do, and teach your children to do, to keep everyone in the home safe while cooking by visiting the National Fire Protection Association. There are some excellent videos and resources for kids of all ages. 

Living in Northern Nevada means we have to be prepared for wildfires, as we have seen recently. Embers can be carried more than a mile on the wind, so making sure your home is protected is the best prevention possible. 

  • Create a defensible space around your home
  • Clean roofs and gutters of leaves and debris.

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17730 Thunder River, Reno, NV 89508-9803Enjoy the best of both worlds! Highly upgraded Cold Springs home just inside the Nevada border with amazing access to everything the Northern Sierras offer as well as a quick drive to Reno-Sparks.

You’ll love the hardwood floors, spacious rooms, and custom details. The oversized kitchen features stainless appliances, granite counters, and a large center island. The roomy master bedroom has plenty of storage between the spacious en suite and the generous walk-in closet with customized closet organization.

 

 

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