reno real estate: Reno Fixer-Upper Tips: Avoid the Money Pit - 01/02/18 01:37 PM
The Reno housing crunch is expected to continue through 2019. And the median sale price for a Reno home hit an all-time high of $355,000 in November 2017. So, your sights may turn to buying a fixer-upper as an option. These are still hard to find in today's market. However, when you do locate one, heed these Reno fixer-upper tips to create your dream home rather than buying a money pit.
Reno Fixer-Upper TipsWorst House/Best NeighborhoodAnyone who's a fan of those HGTV fixer-upper TV shows knows that the #1 rule of buying a fixer-upper is to look for the worst house in the best neighborhood. Why? For … (1 comments)

reno real estate: Reno Housing Market Was THE Hottest Topic of 2017 - 12/26/17 04:31 PM
The Reno housing market was THE hottest topic of 2017 here in the Truckee Meadows area of Nevada. Affordability and availability seem to be the hardest for buyers to come by. The following are the top five topics we covered about the Reno housing market over the last year.
The Reno Housing MarketReno Home Prices Expected to Go Up in SpringWe began the year with a median sale price of $304,000. Inventory started low and just kept getting lower. It really was no surprise to find out that local real estate experts believed they'd see buyers in the Reno housing market paying even … (0 comments)

reno real estate: November 2017 Reno-Sparks Market Report - 12/11/17 12:40 PM
Reno buyers have been facing issues with affordability and inventory for months now. The November 2017 Reno Sparks Market Report shows that this continues to ring true today. Even new and active listings took a hit last month after a bustling October. Learn what's happening in the Reno market right now by reading on below.
November 2017 Reno Sparks Market ReportReno-Sparks Home Sales - November 2017Total sales dropped off slightly. According to the Reno-Sparks Association of REALTORS@, 519 homes were sold in the Reno-Sparks area in November 2017. This marked a 3.4% decrease from the same time last year. And, it was 6% … (0 comments)

reno real estate: Reno Housing Crunch Expected to Continue Through 2019 - 12/04/17 01:02 PM
Affordability continues to be a sticky subject in the Reno housing market. The economy managed to slowly rebound from its huge downfall in the mid to late-2000s thanks in large part to its appeal for businesses in nearby Silicon Valley as well as other large corporations. However, their move into our area put a stranglehold on availability which builders are currently trying to catch up with. And we may not see relief in the Reno housing crunch until sometime in 2019.
Reno Housing CrunchConstruction was big business for our community before the economic downturn of the last decade. That's why it took longer … (0 comments)

reno real estate: October 2017 Reno-Sparks Market Report - 11/20/17 12:07 PM
As is typical of this time of year, the October 2017 Reno-Sparks Market Report showed that sales tapered off from the hot summertime figures. However, they remain higher than last October's sales. Prices hit their highest mark in almost 12 years. And we don't see that slowing down anytime soon.
October 2017 Reno-Sparks Market ReportReno-Sparks Home Sales - October 2017According to the Reno-Sparks Association of REALTORS@, year-over-year sales increased 4.1% from 517 in October 2016 to 538 last month. However, this showed a 12.2% drop from September 2017's sales figures. Month-over-month total sales have been steadily declining since August. But that's typical … (0 comments)

reno real estate: September 2017 Reno-Sparks Market Report - 10/20/17 01:09 PM
The September 2017 Reno-Sparks Market Report showed a significant drop in sales and median sale price from August. Year-over-year prices, on the other hand, went up. We firmly remain in a seller's market. 
September 2017 Reno-Sparks Market ReportReno-Sparks Home Sales - September 2017The Reno Sparks Association of REALTORS@ reported a total of 587 homes were sold in the Reno-Sparks area in September 2017. That marked a 7.3% decrease from the same time last year. It also showed an 18.2% drop off from August's 718. 
Reno-Sparks Inventory - September 2017New Reno-Sparks listings dropped dramatically. In September 2016, they showed 713 new listings on the market. They … (0 comments)

reno real estate: Reno Real Estate is Tops with Dog Lovers - 10/16/17 02:09 PM
Most of us are divided up into two groups: dog lovers and cat lovers. Sure, there's the small faction that loves both. An even smaller group can't stand either. But one thing is clear. According to REALTOR.com, Reno real estate is tops with dog lovers.
Reno Real Estate Ranks #2 on Best Cities for Dog Lovers ListCats are fine. But there's nothing like the love of a dog. They always make you feel like you're the most important person in their life. So, I guess you can see where my loyalty lies. But, I'm not alone. Dogs occupy approximately 54 million US … (1 comments)

reno real estate: August 2017 Reno Sparks Market Report - 09/18/17 12:29 PM
In good news, the August 2017 Reno Sparks Market Report indicated a decrease in the median sale price. Unfortunately, inventory tightened up even more. The area remains firmly in the Seller's favor.
August 2017 Reno Sparks Market ReportTotal Reno Sparks Sales in August 2017According to the Reno Sparks Association of REALTORS@, a total of 678 Reno Sparks homes were sold in August 2017. That was 13.8% higher than the same time last year and 6.4% higher than July 2017.
New Reno Sparks Inventory for August 2017Inventory continues to be an issue for Reno Sparks Buyers. While new listings decreased from last year, they … (1 comments)

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)

 
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