reno real estate: Reno Park Lane Update: Breaking Ground Soon - 07/24/17 11:20 AM
Back in October 2016, Reno Land Inc. unveiled their plans for their Reno Park Lane Revelopment project.  At the time, they weren't sure when ground would be broken.  They only had their vision for what could become of the old eyesore known as the Park Lane Mall.  It now appears that we could be seeing the official Reno Park Lane groundbreaking by the end of this summer.
Reno Park Lane Prepares for Official GroundbreakingJust a couple of weeks ago, several large pot holes in front of the theater were filled in after years of neglect.  This signaled to many the developer's preparation for official … (0 comments)

reno real estate: June 2017 Reno Sparks Market Report - 07/10/17 10:32 AM
As temperatures in Reno rise, so do interest rates and prices.  Unfortunately, inventory levels dropped yet again.  While great news for Sellers, it means Buyers have a tougher time finding Reno homes in a more affordable price range.  Read my June 2017 Reno Sparks Market Report below to learn more.
June 2017 Reno Sparks Market Report*Total Reno Sparks Sales in June 2017According to statistics released by the Reno Sparks Association of REALTORS@ (RSAR), a total of 736 existing homes were sold in the Reno-Sparks area in June 2017.  This marks the highest monthly sales ever in RSAR's history.  It handily beat the previous … (0 comments)

reno real estate: May 2017 Reno Sparks Market Report - 06/26/17 10:52 AM
The May 2017 Reno Sparks Market Report is out.  Inventory levels remain tight, forcing prices up even more.  In fact, Reno home prices hit their second highest level in over a decade.  So did total home sales for the month.  How does this impact Reno Buyers?  Read on to find out.
May 2017 Reno Sparks Market Report*According to the Reno Sparks Association of REALTORS@, total sales of existing homes in the Reno Sparks area came in at 652 units during May 2017.  That was 9% higher than May 2016.  Sales surged 27% more than April 2017.  The only other time monthly sales … (0 comments)

reno real estate: Reno Real Estate: City Named on Another "America's Best" List - 06/19/17 11:20 AM
In their July 2017 edition (which comes out on June 20th), Outside Magazine reveals the winners of "America's Best Towns Ever" list.  To no one's surprise who lives in Reno real estate, our city made it onto this year's list.  In fact, we were named the "Best Low-Key Hideout".  Now, it may seem a little odd that a city that bills itself as "The Biggest Little City in the World" might be considered "low-key".  However, when you read on, you'll quickly understand why this makes perfect sense.
Reno Real Estate - America's BestFor the last five years, Outside Magazine left it up … (2 comments)

reno real estate: Rancharrah Reno Opens to the Public - 06/05/17 12:34 PM
Back in November 2016, I wrote about what's in store for Rancharrah Reno.  Reno Land Development purchased the historic estate in October 2015.  They wanted to keep part of the property for its original intended uses.  Retail, commercial and residential development was scheduled for the rest.  In just a few days, Rancharrah Reno opens to the public.  You won't want to miss this once-in-a-lifetime opportunity to see a true Reno treasure.
What: Rancharrah Reno Grand Opening
Where: Rancharrah (6001 Talbot Ln)
When: Saturday, June 10th, 11am to 6pm
RSVP: Rancharrah's Facebook Event Page (just click the "Going" tab under the event name)
Rancharrah Reno Grand Opening … (0 comments)

reno real estate: April 2017 Reno Sparks Market Report - 05/15/17 10:24 AM
Anyone who's tried to purchase a Reno home knows all too well the challenges presented.  New tech companies bring well needed funds into our local economy.  However, Reno Buyers find themselves being priced out of the market.  Read my April 2017 Reno Sparks Market Report below for a breakdown of the current state of the market.
April 2017 Reno Sparks Market Report - Total Sales and New ListingsAccording to the Reno Sparks Association of REALTORS@, a total of 508 Reno/Sparks homes were sold in April 2017.  This marked an 8.3% decrease from March's 554 total sales and a 10.7% decrease from the … (0 comments)

reno real estate: Google is Tesla's New Reno Neighbor - 04/24/17 10:10 AM
Apple.  Amazon.  Zulilly.  Walmart.  Tesla.  Now, Google.  What do they all have in common?  They all occupy land right here in the Reno/Sparks area.  In fact, Google is Tesla's new Reno neighbor.  This puts another feather in Reno's tech-savvy cap, for sure.
Google is Tesla's New Reno NeighborJust over a week ago, the purchase of over 1200 acres in the Tahoe Reno Industrial Center was recorded.  The filed documents showed Silver State LLC as the official purchaser.  However, the Reno Gazette-Journal said that several sources familiar with the sale stated that Google owns the property.  They paid just over $29 million for it, … (0 comments)

reno real estate: Reno Rental Market: One of the Fastest Growing in the Country - 04/17/17 12:47 PM
The state of the rental market varies depending on where you live.  Places like Manhattan and the Bay Area that have the highest rents in the country experienced a drop in rental prices.  However, the Reno rental market was among the top 10 fastest growing rental markets in the US.  What does this mean for you?  It might be a good time to consider buying.
Reno Rental MarketAccording to RentCafe.com, the average two-bedroom apartment in the US costs $1391 per month.  That marked a 3.3% increase from the same time last year.  Out of the 250 cities considered in Rent Cafe's study, … (0 comments)

reno real estate: How to Get Your Reno Listing Seen by Buyers - 03/27/17 11:46 AM
Thinking about selling your Reno home?  Now's the time.  Low inventory levels partnered with a healthy Buyer demand makes it a great time to put your property on the market.  Find out how to get your Reno listing seen by buyers without breaking the bank.
How to Get Your Reno Listing Seen by BuyersDeciding on a List PriceFirst of all, you need to discuss pricing with your Reno REALTOR@.  They know the market.  They should be able to help you narrow down a realistic idea of what to expect your Reno home to sell for.  Two ideologies spring to mind when discussing a … (1 comments)

reno real estate: December 2016 Reno-Sparks Market Report - 01/16/17 09:28 AM
The Reno real estate market remains tight.  Home sales typically slow down at the end of the year.  This last year was no exception.  According to the December 2016 Reno-Sparks Market Report, December posted 5% less sales than November.  The median sale price fell 3% lower than the previous month as well to just under $300K.  If you were looking to purchase something in a lower price range, my suggestion would be to consider a condo or looking outside the City of Reno.
December 2016 Reno-Sparks Market ReportAccording to the Reno/Sparks Association of REALTORS®, the median sale price for a Reno/Sparks home sold … (0 comments)

reno real estate: Reno Tahoe International Adds Another Direct Flight - 12/27/16 10:28 AM
Reno Tahoe International added another direct flight to its roster recently.  JetBlue flies directly from Reno to Long Beach and New York.  Four different airlines provide direct services to LAX.  Southwest regularly schedules direct flights to Oakland.  Volaris provides international non-stops to Mexico.  As of last week, Delta now provides a non-stop to and from Atlanta.
Reno Tahoe International Airport NewsExactly one week ago, Delta Airlines took its inaugural non-stop flight from Reno Tahoe International Airport to Atlanta.  This gives more out-of-town skiers an opportunity to fly in to our Reno community to enjoy the great skiing at Lake Tahoe resorts.  It also … (0 comments)

reno real estate: November 2016 Reno-Sparks Market Report - 12/19/16 11:07 AM
Sales of Reno-Sparks homes decreased from their summer highs.  However, that doesn't mean we should worry about another bubble bursting.  This is actually typical for this time of year.  Read my November 2016 Reno Market Report below to find out what happened in our local real estate market last month.
November 2016 Reno-Sparks Market ReportAccording to the Reno/Sparks Association of REALTORS®, the median price for a Reno-Sparks home sold in November 2016 was $310,000.  This was slightly up from October's median of $309,500.  This marked a 6% increase from November 2015.  Over the past 12 months, the Reno-Sparks real estate market saw … (0 comments)

reno real estate: Reno Food Banks Need Your Help for the Holidays - 12/05/16 10:17 AM
Did you know that millions of American men, women and children go to bed hungry every night?  According to FeedingAmerican.org, over 42 million US citizens experienced food insecurity in 2015.  Every single county in the US reported families or individuals struggling with food insecurity.  Reno food banks need your help this holiday season.  Don't let another family suffer through the holidays.
Demand for Help from Reno Food Banks is Always HighThe demand for food from local Reno food banks happens year round.  During the holidays, people tend to be a little more giving.  However, if at all possible, please consider donating whatever you … (0 comments)

reno real estate: October 2016 Reno Market Report - 11/21/16 01:32 AM
Affordability continues to be THE topic of conversation in the Reno real estate market.  Prices increased almost 10% from the same time last year.  On the other hand, sales have slowed down.  However, that is typical for this time of year.  Inventory levels also increased.  For a more in depth look at the October 2016 Reno Market Report, please read on.
October 2016 Reno Market ReportAccording to the Reno/Sparks Association of REALTORS®, the median sale price for a single-family residential Reno/Sparks home sold in October 2016 was $306,425.  While this increased 9.5% from the previous October's median, it dipped slightly (1.2%) from … (0 comments)

reno real estate: July 2016 Reno Home Sales - 08/29/16 03:11 AM
The July 2016 Reno Home Sales Report showed a decrease in sales from last year.  Experts believe that several months of high sales depleted inventory.  The fast moving inventory hasn't kept up with new construction and existing homes coming onto the market.  If this doesn't change, sales may level out soon.
July 2016 Reno Home SalesAccording to statistics related by the Northern Nevada Regional Multiple Listing Service, a total of 566 single-family homes were sold throughout Washoe County in July 2016.  This reportedly dropped 14% from June 2016 and came in 13% less than July 2015.  Of those, 376 were July 2016 … (0 comments)

reno real estate: 1401 Midtown Reno Development Currently Underway - 06/20/16 02:45 AM
Back in April, I talked about two midtown Reno real estate developments that were set to be opened up later this year.  Completion of one of these, the 1401 Midtown Reno development, is just weeks away.
1401 Midtown RenoS3 Development Company purchased the property at 1401 Midtown Reno a year and a half ago.  Heritage Bank of Nevada used to call it home.  Renovation of the 9000 square foot bank building is currently underway, with plans for an additional 12,000 square feet to be added to it.  The 21,000 square foot finished product will house offices, retail space, a restaurant and residential … (0 comments)

reno real estate: April 2016 Existing Reno Home Sales Report - 05/09/16 06:11 AM
According to research done by the Reno Gazette Journal, we are feeling a little deja vu here in the Reno real estate market.  We are experiencing a bit of a boomerang market that feels an awful lot like the one we saw here more than a decade ago.  Buyers are in search of Reno homes and the demand is high.  There are both positives and negatives to this type of market.  The April 2016 Existing Reno Home Sales Report indicated that sales have gone down but prices are on the rise.  Here is a wrap-up of our local market conditions.
April 2016 … (1 comments)

reno real estate: March 2016 Reno Market Report Shows Rise in Home Values - 04/11/16 05:05 AM
The March 2016 Reno Market Report shows a rise in home values.  Sales are up.  Prices are on the rise.  Buyers are starting to feel the pinch of a Seller's market when looking for their next Reno home.  What can Buyers and Sellers glean from this latest report?
March 2016 Reno Market ReportThe Reno/Sparks Association of REALTORS® recently released their statistics for the March 2016 Reno Market Report.  The percentage of Reno homes priced between $150,000 to $250,000 that went under contract in March rose from 65% in February to 72% in March.  That's quite a jump in just one month.  New listings … (2 comments)

reno real estate: Downtown Reno Condo Complex Starts Construction Soon - 03/14/16 04:55 AM
New construction continues its rise in our Reno community.  A new 28-unit, mixed-use Downtown Reno condo complex starts construction soon.  Construction is scheduled to begin later this month or early next month.  The complex is expected to officially open its doors in late 2016.
Downtown Reno Condo ComplexCathexes LLC and the Don J Clark Group are the masterminds behind this new Downtown Reno condo complex located at 235 Ralston Street.  They want to bring style to living spaces in the downtown area.  The five-story structure will have retail space on the bottom floor.  The businesses that Cathexes is hoping to attract to this … (0 comments)

reno real estate: February 2016 Reno Real Estate Market Report - 03/08/16 02:19 AM
Our Reno community is seeing some great movement in home sales.  The February 2016 Reno Real Estate Market Report showed that demand is outpacing active listings.  That's great news for Sellers, provided they don't decide to overprice their home.  But what does this mean for Buyers?  You'll have to read on to find out!
February 2016 Reno Real Estate Market ReportAccording to the February 2016 Reno Real Estate Market Report, active listings were up by around 100 compared to January 2016.  The amount of homes sold were also up (416 Reno homes closed last month).  This tapped into inventory levels, causing them … (2 comments)

 
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