Archive | Reno
Reno, NV, September 2, 2010: Nevada has been making the headlines lately if you are reading the statistics on employment, housing market and general gloom about the poor economy in the state. Local state election races are pointing fingers on either side of the political spectrum to identify who’s responsible for the current state dilemma.
Enter Reno and Northern Nevada where some positive headlines are coming to light. Enter a new focus on outdoor recreation.
In the last eight months, two national magazines have labeled Reno in their “Best Towns” features.
In the April edition of Men’s Health in an article titled “Ski and Climb Without the Crowds”, the Reno image of downtown casinos and their accompanying all-night buffets are debunked, giving way to a more “hipper” way of life. Men’s Health talks to Reno’s proximity to Lake Tahoe and the four season recreational opportunities available. It also tells about Reno’s new attractions: The Truckee River, coffeehouses, artists’ galleries and a younger-targeted night-life scene. (to read the article, go to: http://bit.ly/9lGiLb )
In a recent edition of Outdoor, the magazine labeled the down town rafting and kayaking park, the new Aces ball park, a rejuvenation of the downtown area and affordable housing prices as a reason to put Reno on your relocation list if you are an outdoor enthusiast. (to read article, go to: http://bit.ly/aIb2mh).
If outdoor recreation is your passion and a second home in an area that offers great amenities to pursue your interests is your goal, why not consider Reno? It’s really a no brainer. Currently, there are sellers motivated to sell, interest rates are low and loans are available to qualified buyers. Prices in our market are very affordable making Reno a great place to invest in a second home.
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Currently 95 homes on the market – Active and Pending
Of the homes currently on the market, there are 47 not located in Del Webb, The Vue and The Village.
Of the 47 homes, only 30 are available without an offer.
- 5 between $200k and $300k
- 10 between $300k and $400k
- 5 between $400k and $500k
- 6 between $500k and $600k
- 3 between $600k and $700k
- 0 between $700k and $800k
- 0 between $900k and $1million
- 1 over $1million
Of the 17 homes in escrow, 15 are subject to a short sale or bank owned and 2 are regular sales.
85 homes have closed in Somersett since January 1, 2010. 17 were bank owned, 27 were short sales and 41 were regular sales.
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Dickson Realty Opens New Somersett Office In Northwest Reno As Market Improves
Dickson Realty, Northern Nevada’s premier real estate company, will extend their range of services to the master-planned community of Somersett beginning Sept. 1, 2010.
“This is a remarkably positive sign for our community that new home development is occurring in northern Nevada,” said Nancy Fennell, CEO of Dickson Realty. “There are very few real estate firms that are expanding in these times anywhere in the nation, and it’s a testament to our relationships and experience in the market that we are able to make that happen in Reno, and specifically, in Somersett.”
In addition to providing on-site sales support for homebuyers, Dickson at Somersett will also offer services to those searching for commercial and rental properties, something that has not previously been offered by the company. Real estate specialist Debbie Bennington is the lead sales person for the project.
Dickson will be working in conjunction with New Britton Land, a land development firm, and HomeCrafters, a custom homebuilder out of Reno, to produce three home floor plans.
The new Dickson Somersett office will be located at 7650 Town Square Way in the Somersett Welcome Center and will be open from 10am to 5pm, 7 days a week. For more information on Dickson Realty, and the Somersett office, please call (775) 746-7222.
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Toll Brothers is planning a Grand Opening Event to kick off their new models in Somersett. Starting at $339,995 and ranging from 2512 sf. to over 2900 sf. with 2- to 4-car garage options. The festivities begin with a REALTOR® party on Thursday, August 19th from 3pm to 8pm and then a VIP Party on Friday, August 20th from 6pm to 9pm. Both evenings Toll Brother will be doing a raffle for a flat screen TV. The public will get to view the brand new models beginning Saturday, August 21st from 10am to 6pm. Don’t miss this chance to become one of the first to see these amazing new homes! For more information or access to the VIP party please contact Dickson Realty in Somersett at746-7222.
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According to data from the Northern Nevada Regional Multiple Listing Service, short sales posted the highest number of sales for June. In sales of residential, stick-built homes in the Reno-Sparks area there were 575 sales in June. Of that 43.2% were short sales, 33.6% traditional sales and 23.3% were REO/bank owned sales.
The median price of all sales in June in this category was $170,000. Median prices for traditional listings topped the charts at $219,950. Median for short sales was $151,000 and REO’s was $148,000. The average days on market for all lisitng types was 146 days. REO’s were on the market the least amount of time with an average of 85 days on market. Traditional sales averaged 109 days and short sales averaged 208 days.
Short sales have become very significant in our market. In June 2009 only 103 short sales closed, that is a 240% increase in the number of short sales that have closed this June over last June. Unfortunately the number of days on the market for short sales has not improved year over year – 204 days average last year compared to 208 days average this year. Although we would all like to see this improve, the complex nature of short sales may continue to keep these market times high.
Short sales are definitely a major part of our market. Working with an “experienced” short sale agent is key to the success of a transaction when either buying or selling a home today. Prospective buyers and sellers should ask their agent to show them how many transactions they have closed on either the buy or sell side of the transaction.
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REALTORS Care Nevada will be hosting a Housing Counseling Event for homeowners in the Reno-Sparks and surrounding areas on Saturday, May 8th from 10 a.m. to 4 p.m. The event will be held at the Reno Sparks Association of REALTORS which is located at 5650 Riggins Court, Reno. Homeowners will have the opportunity to hear from a panel of local counselors, an attorney and a CPA. After the panel discussion they will have the opportunity to meet one-on-one with these HUD-approved housing counselors. Panel members include: Jill Perry, Northern Nevada Director, Counsumer Credit Affiliates; Jeni Temen, Branch Office Mangager and Certified Housing Counselor with NID Housing Counseling; Rhea Gertken, Esq., Nevada Legal Services;Tim Nelson, CPA with Evans, Nelson & Company CPAs; and Elizabeth Fielder, Attorney with Jones Vargas. For more information visit foreclosurehelpfornevadans.org
Homeowners should come prepared with the following documents:
- Monthly mortgage statements.
- Information about other mortgages on your home if applicable.
- Two most recent pay stubs or other income documentation for all borrowers, if self-employed a profit and loss statement.
- Two most recent bank statements.
- Account balances and monthly payments for credit cards and debts.
- Estimates of monthly expenditures (medical, utitilies, insurance etc.)
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The Nevada Humane Society is in desperate need of clean blankets (no stuffing), towels and sheets for the kennels. Some of the dogs are sleeping on pieces of plastic. If you have items to donate, please drop off at the following Dickson Realty locations from 9:00-5:00 Monday-Sunday through January 31, 2010. For more information on other items needed, please visit http://www.nevadahumanesociety.org/involved.htm
Thank you, the members of our wonderful community, for your support and concern for the animals we all love.
1030 Caughlin Crossing
Reno, NV 89519
(775) 746-7000
500 Damonte Ranch Parkway Ste. 625
Reno, NV 89521
(775) 850-7000
4870 Vista Blvd.
Sparks, NV 89436
(775) 685-8800
Popularity: 1% [?]
I have been reading a lot of the research about the effects of multi tasking… texting while in meetings, texting while talking on the phone, etc. None of the research is too promising but I found a great way to multi task today.
I went to the new Fast Smog at the corner of MaeAnne and McCarran, directly behind Big O Tires. It took me less than 30 minutes to get my smog test done, get my car registered and donate to my favorite school. That 30 minutes also included travel time from Caughlin Ranch. Jeff Sallan, owner of the new Fast Smog donates part of his proceeds to the school of your choice. Mamie Towles has been our Dickson Realty Caughlin Ranch Adopted School for many years so that part was easy. I love doing business with good community neighbors. So if need to have your car registered and smogged, go visit Jeff at Fast Smog.
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While the real estate market continues to struggle, one local realtor managed to shine in 2009. Amy Shocket, REALTOR® with Dickson Realty, was recognized by both the Reno Sparks Association of REALTORS® and the Northern Nevada Women’s Council of REALTORS® this year.
The Reno Sparks Association of Realtors (RSAR) presented Shocket with the Matt Gibbons Memorial Award at their annual dinner this past November. The award was in recognition of her service to RSAR, her high ethical standards, professional accomplishments and volunteer service to the community.
Shocket was also honored by the Northern Nevada Chapter of Women’s Council of REALTORS® last month. During the group’s annual installation of new officers, Shocket was named the 2009 Member of the Year. The award recognizes an outstanding member who has exhibited dedication and service to the chapter.
A truly committed professional, Shocket has earned numerous professional designations during her career including Accredited Buyer Representative, NAR’s Green, and Certified Residential Specialist. She is a Graduate of the REALTOR® Institute, Performance Management Network, and Nevada Association of REALTORS® Leadership Academy. To better serve her customers during these challenging times, Shocket earned the Certified Distressed Property Expert designation and became a member of the Nevada Association of REALTORS® Foreclosure Prevention Taskforce.
Originally from Southern California, Amy Shocket has been a Sparks resident since 1995. She is very active in the local real estate community, currently serving on the RSAR Board of Directors, as chair of the RSAR Education Committee and is a former president of the Northern Nevada Chapter of Women’s Council of Realtors. Shocket is also a member of the National Association of REALTORS®.
You may contact Amy Shocket by phone, (775) 815-7627, by e-mail, amyshocket@sbcglobal.net, or by visiting her web site Reno-SparksRealEstate.com
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The Washoe County Senior Services Senior Law Project is holding free foreclosure workshops this month for people who need help in keeping their homes. These workshops are open to the public.
The workshops are being held at Reno Center at 1155 E. Ninth Street in Reno.
Saturday, December 5th from 9am to Noon Saturday and Wednesday December 16th from 4pm to 6:30pm.
The goal of the events is to educate and empower people about what steps to take when attempting to modify their mortgage, the time frame of the foreclsure process, discussing common options that are available from your mortgage company and other options that may be available to you so you can retain your home.
For more information, email the Senior Law Project at slawproj@washoecounty.us. Space is limited to please RSVP at 775.328.2592.
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Thursday, September 2, 2010 By: Mary Jurkonis
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