Real Estate Blog - Blog Archive: June, 2021

20 Day Trips from Reno

Posted by Jeff Sallan on June 30th, 2021

Unforgettable Day Trips From Reno For Everyone To Have Fun This Summer

History Buffs

Sydney Martinez/TravelNevada

Fort Churchill State Historic Park

An integral part of Nevada history, Fort Churchill Historic State Park preserves a U.S. military outpost that provided resources and protection to early settlers exploring the American West. These ruins highlight a time when the Pony Express and Overland Routes were highly traveled. Nestled alongside the Carson River, Fort Churchill is an excellent place to camp, hike, canoe, bird watch, and horseback ride while also learning about Nevada’s early pioneering days.

Winnemucca Lake

Northern Nevada’s vast rural landscape is home to many archeological sites. Winnemucca Lake is roughly an hour…

622 Views, 0 Comments

Read Full Post

Demand Continues To Drive Sales And Prices In Reno Housing Market

Posted by Jeff Sallan on June 23rd, 2021

While the Reno housing market recently set records for its median sales price, the area’s standing inventory is growing, giving buyers more options this summer. Here are five things you need to know about buying or selling a home in the Reno housing market right now.

1. The median sales price is up in the Reno housing market and Sparks

For the first time, the median price of a home in the combined Reno-Sparks housing market hit the $500,000 mark. If you had asked me before the pandemic when we might have seen this in the Reno housing market, I would’ve ventured to guess in 2023 or, more likely 2024. So, the fact we’re seeing this record set in 2021 is incredible.

The median price increased by 1.5% month over month and more than 25% in one…

225 Views, 0 Comments

Read Full Post

Market Report - Incline Village & Crystal Bay- June 2021

Posted by Jeff Sallan on June 23rd, 2021

Here’s the latest information on the Incline Village/Crystal Bay real estate market. You will find year-over-year comparisons of different statistics for single-family homes in the top graphic and condos in the bottom graphic; both represent the month ending May 2021.

Click on each image to view larger

If you have any questions about this report or would like more information about the real estate market, please reach out.

261 Views, 0 Comments

Read Full Post

Market Profile Report - Reno/Sparks - June 2021

Posted by Jeff Sallan on June 21st, 2021

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 May 2021.

If you have any questions about this report or the real estate market in our region, please reach out.

279 Views, 0 Comments

Read Full Post

Expert Insights About What’s Affecting The Market For Reno Luxury Homes

Posted by Jeff Sallan on June 14th, 2021

Written by Rebecca Dickson, Vice President of the Dickson Realty Luxury Division.

Historically, most buyers of Reno luxury homes entered the market from Northern California after they had retired or sold a business. The state’s tax benefits provided a substantial draw and benefit to this group, whose entry-level price started at about $2 million.

However, the characteristics of the typical Reno luxury home buyer began to change about 30 months ago and became supercharged by the pandemic. Now, more buyers interested in Reno luxury homes come from Southern California, are in their 30s or 40s and have a budget of at least $4 million.

This shift in demographics, preferences, and geography of buyers is driving an increase in interest in Reno…

368 Views, 0 Comments

Read Full Post

Active vs. Sold Report – Reno/Sparks – June 2021

Posted by Jeff Sallan on June 14th, 2021

Nationally and locally, one of the most talked-about themes in real estate is the high demand for homes, which is driving record median prices and fast market times. Here’s the latest information on the Reno/Sparks market, from the experts at Dickson Realty.

There were 268 homes active on the market and available for purchase (not in contract or escrow) at the end of May, which was a welcomed increase of about 7% from April 2021. In May 2020, there were 737 available listings, so today’s active inventory is down by 64% from a year ago. Although this is a significant decrease, we are currently seeing a near-normal number of new listings coming to market. The strong demand from home buyers is putting most new listings into contract very quickly and…

310 Views, 0 Comments

Read Full Post

Market Report - Reno/Sparks Inventory-- June 3, 2021

Posted by Jeff Sallan on June 3rd, 2021

Our local housing market has a little good news for buyers with an increase in inventory to help meet the sustained high demand. Here are the latest statistics for the single-family homes in the Reno/Sparks area.

As of June 1, 2021, there were 268 homes available for purchase which is an increase of nearly 7% over last month. Although inventory is down 64% compared to June of 2020, today’s low inventory numbers don’t necessarily mean fewer homes are being listed or sold. In reality, we have more sales than last year at this time. Strong demand for the homes that are coming to market is one of the biggest causes for the low inventory numbers that we are seeing.

Months or Days of Inventory is typically how REALTORS refer to the amount of time…

461 Views, 0 Comments

Read Full Post

Special Events Are Back And the June Calendar Of Events In Reno Is Packed

Posted by Jeff Sallan on June 1st, 2021

Northern Nevada is emerging from the COVID-19 pandemic with a full June calendar of events in Reno and Sparks. From Reno Food & Drink Week and Reno Aces games to traditional special events such as the Street Vibrations Spring Rally and the Reno Rodeo, there’s something for everyone to look forward to.

June Calendar Of Events In Reno and Sparks

Reno Food & Drink Week

When: June 2-9, 2021
Where: Downtown Reno
More information

Reno Food & Drink Week is a community event designed to support and celebrate the local food and drink community and to encourage locals and visitors to try new places. Follow Reno Food & Drink Week on Facebook, Instagram and Twitter for the latest updates.