Real Estate Blog - December, 2020

Inventory & Percent of Sales Report- Reno/Sparks- December 2020

Our local housing market is still very strong as we enter into the holiday season. Here are the latest statistics for the single-family home market in the Reno/Sparks area.

As of December 29, 2020, there were 203 homes available for purchase, a remarkable 75 percent decrease from this time last year. The persistent low inventory represents a challenge for buyers, but also makes it an extremely good time to sell a home with little competition in almost every price range.

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 entered the market. For homes priced under $300,000, we have only 2 days of inventory in Reno/Sparks, and for homes in the…

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Where to See Christmas Lights in Reno-Sparks

Driving around town looking at Christmas lights in Reno and Sparks is a treat any year, but this year, it’s one of the best—and safest—ways to get into the holiday spirit. Don your favorite ugly Christmas sweater, make some hot cocoa for the road, and bring your favorite sweet treat to enjoy while you drive around Reno and Sparks checking out some pretty spectacular holiday light displays.

Where to see Christmas lights in Reno in 2020

Griswold Challenge

The 5th Annual Griswold Challenge is featuring homes and businesses across Reno, Sparks and the outlying areas. The nonprofit group 39 North Downtown, which is presenting the event, canceled its annual holiday light festival in downtown Sparks. But the holiday light decorating contest is still…

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Holiday Events in Northern Nevada

What are your plans for Christmas Eve? Even though this year's holiday looks different, there are still things we can do in Northern Nevada to get into the holiday spirit.

Northern Lights Festival- Drive up to Incline Village and Crystal Bay to tour light displays at the local shopping locales through December 31st. Be sure to support the local restaurants and stores while you're there. 

The Nutcracker on Demand- Enjoy an encore presentation of The Nutcracker Ballet presented by A.V.A. Ballet Theatre with the Reno Philharmonic. Tickets are $24.95 and the performance is on demand until December 31st. 

Hidden Valley Parade of Lights- Residents in Hidden Valley go all out during the holidays to decorate their homes with lights. Drive through the…

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Market Report - DOM and Median Price - Reno/Sparks- December 2020

Demand for housing in the Reno/Sparks region is strong and home prices continue to rise 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 regional median price stayed the same from October to November, at $455,000. Our year-over-year median price is up by 14%, and we expect it to continue trending up in the coming months.

Click to Enlarge

The Average Days on Market decreased from 78 days to 71 days from October to November. Last year at this time, the days on market was 90 days, which is more typical for November. The fast market…

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Market Profile Report - Reno/Sparks - December 2020

Here’s the latest information on the Reno/Sparks real estate market. Our analysis focuses on single family home activity in the region for the month ending November, 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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What You Need to Know About Incline Village Real Estate for Winter 2020

Written by Mary Jurkonis with Dickson Realty

For some people, the silver lining to the COVID-19 pandemic has been the opportunity to work from anywhere, and we are seeing this new flexibility reflected in the Incline Village real estate market.

More people want to move to Lake Tahoe and enjoy the year-round recreation it offers while also working remotely. Think about it—you could take a Zoom call in the morning and a hike or ski-break in the afternoon. Tahoe offers people a resort lifestyle even when they’re not on vacation. 

In Lake Tahoe, Incline Village is unique in that it is on the Nevada side of the lake and offers full-time residents the tax benefits of being part of the Silver State.

Incline Village Real Estate Market: More Active…

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December Actives vs Solds - Reno/Sparks, NV

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

Click to enlarge the graph

There were 277 homes active on the market and available for purchase (not in contract or escrow) at the end of November, which was a 20% decrease from October and a remarkable 72% decrease from November 2019. Our market has had a steady decline in inventory since April, which is contributing to higher prices and dampening affordability. Fortunately, mortgage rates are remaining at near all time lows, which brings some relief to buyers.

Reno/Sparks area REALTORS sold 588 single family homes in…

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Inventory & Percent of Sales Report – December 2020

Our local housing market is still very strong as we enter into the holiday season. Here are the latest statistics for the single-family home market in the Reno/Sparks area.

As of December 1, 2020, there were 277 homes available for purchase, a remarkable 72 percent decrease from this time last year. The persistent low inventory represents a very real challenge for buyers, but also makes it an extremely good time to sell a home with little competition and multiple offers being received on many listings.

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 entered the market. For homes priced under $300,000, we have 5 days of inventory in…

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8 Reno Neighborhoods Close To Your Favorite Snow Adventure

Living in one of these Reno neighborhoods that are close to snow means you can enjoy your favorite winter activities without all the shoveling. Take a quick drive up the hill to ski, snowboard, cross-country ski, snowmobile, snowshoe, and more. At the end of the day, you can head home and leave the snow where it belongs—on the mountain.

Want to live close to all the joy the snow has to offer without all the maintenance and preparation it requires? Then check out these seven Reno neighborhoods that are minutes from the mountains.

8 Reno Neighborhoods Minutes From Snow Activities

Arrowcreek

If you want to be close enough to enjoy a blanket of glistening snow on a winter morning, but not so close that you have to invest in a…

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December Things To Do In Reno and Sparks to Celebrate The Season

Holiday events look a little bit different this year with most of them going virtual, but there are still plenty of December things to do in Reno and Sparks. You can get into the holiday spirit with the Reno Philharmonic’s Spirit of the Season Home for the Holidays concert or the Note-Able Music Therapy Services Jingle Jangle Jolly Joy Jam. The Tahoe Film Fest is back and shoppers can visit the swanky Village at Rancharrah for an artisanal holiday boutique.

Virtual Educator Evenings

• When: 4-5:30 p.m. Wednesday, December 2, 2020
• Where: Virtual
• More information

Paul D. Miller, AKA DJ Spooky, is a composer, multimedia artist and writer whose works push boundaries and bridge disciplines. Join an interactive discussion with Miller…

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