Just Listed: 2375 Ridge Field Trail
Posted by Jeff Sallan on
Just Listed!
This stunning Somersett home has been completely updated with luxurious, modern finishes and features a ton of natural light. The spacious living area opens to the kitchen and has doors to the courtyard as well as a unique, three-sided fireplace that makes a lovely focal point. The kitchen is a chef's dream with an enormous Viking gas stove, wine fridge, and gorgeous marble counters, including a marble waterfall island.
2375 Ridge Field Trl
4 bedrooms, 4 bathrooms, 4,142 square feet
$1,395,000
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Smart About Water Day Returns to Idlewild Park
Posted by Jeff Sallan on
Join Truckee Meadows Water District for Smart About Water Day, a free community event featuring the projects, plans, and actions that contribute to the overall state of water in the Truckee Meadows. Drop in anytime on Saturday, May 6 from 10 a.m.-2 p.m. and talk with agencies and organizations dedicated to water management in our region. Scientists and local water-planning experts from TMWA, the Desert Research Institute, Truckee Meadows Regional Planning Agency, Northern Nevada Water Planning Commission, Nevada Department of Environmental Protection, One Truckee River, Envirolution, Homeserve and other agencies will all be there and ready to talk to you about water.
The day is designed for learning and fun in a setting where you are encouraged to…
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Reno-Sparks Market Report- March 2023
Posted by Jeff Sallan on
If you'd like an even more local report on real estate in your neighborhood, please get in touch with me via social media, text, email, or phone, and let me know if you'd like monthly updates on what is happening right in your neighborhood.
Sierra Nevada Properties Monthly Market Report
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Support Communities in Schools
Posted by Jeff Sallan on
There is Still Time to Donate!
No minimum donation is required and any amount helps towards the end goal. Sierra Nevada Properties has donated $2,500 towards Libby Booth Elementary’s Wellness Center in coordination with Communities In Schools and is asking local businesses and individuals to support this one-of-a-kind cause by matching the $2,500 donation.
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Step by Step: How to Search for a Home
Posted by Jeff Sallan on
When house-hunting fever strikes, it can hit hard. You’ll probably download a home search app or two and jump into the car, ready to explore a new neighborhood. Before you do, here are answers to some questions that might pop up along the way.
What’s the difference between a real estate agent and a Realtor?
All real estate agents are licensed by the state in which they operate. The title “Realtor” is a trademark held by the National Association of Realtors; it refers to agents who are members of a local real estate association that is NAR-affiliated. These agents agree to comply with the association’s ethical standards. Of course, the sales practices of all licensed agents are guided by the laws of their state.
What is the MLS?
A multiple…
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February 2023 Housing Market Update
Posted by Jeff Sallan on
By Brian Cushing of The Cushing Team
Contract signings for existing homes surged in January while the latest appreciation data for December addressed concerns about a housing bubble.
Pending Home Sales rose 8.1% from December to January, which was much stronger than expectations and follows the 1.1% gain in December. Sales were down 24.1% from a year earlier, though this was an improvement from the 33.9% annual decline in December’s report. Pending Home Sales is a critical report for taking the pulse of the housing market. It is considered a forward-looking indicator of home sales because it measures signed contracts on existing homes, which represent around 90% of the market. What’s the bottom line? While January is not known to be a…
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Reno-Sparks Real Estate Update-- January 2023
Posted by Jeff Sallan on
This is the latest existing Reno-Sparks Single-Family Median Home Price Chart. As you can see the market appears to have peaked in Q2 2022 and is decreasing with Q4 having a median home value of $535,000 which is a 4.1% decrease from the prior quarter and a 0.9% decrease from the same quarter in the prior year.
The grey and blue trendlines show how our market would have trended with a 4% annual appreciation rate (this was the average appreciation in our area between 1990 and 2001) and a 6% annual appreciation rate.
This Data is from Q4 2022. The next Median Home Value chart for Q1 2023 will be available in mid-April 2023.
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Home Prices Still Expected to Increase This Year
Posted by Jeff Sallan onCoreLogic released their Home Price Index report for November, showing that home prices fell by 0.2% from October but they were 8.6% higher when compared to November of last year. This annual reading declined from 10.1% in October but is still solid. More importantly, CoreLogic forecasts that home prices will drop 0.1% in December but rise 2.8% in the year going forward. What’s the bottom line? While CoreLogic has reported slightly negative readings month to month, they still forecast nearly 3% appreciation nationwide over the next year, which can be meaningful for wealth creation. For example, if someone bought a $400,000 home and put 10% down, they would gain $12,000 in appreciation over the next year and earn a 30% return on their investment…
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New Listing: 8370 Cinnamon Ridge Lane
Posted by Jeff Sallan on
This gorgeous 5,419 sq. ft. Somersett home is located directly on the golf course in a private, quiet cul-de-sac. The recently remodeled kitchen is stunning, with a farmhouse sink in the enormous island as well as a very spacious butler's pantry with an additional sink and dishwasher, refrigerator space, and an abundance of storage. The several living areas include a spacious living room, den and a ground-level bonus room with a wet bar, bathroom, and direct patio access.
More information and photos
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