Candy Cane Express…

V&T CANDY CANE EXPRESS

Train runs: November 24, 25, 26 & December 2, 3 & 9, 10

Bring your family out to ride the V&T Candy Cane Express.  This is a 50 minute ride with hot cocoa, candy canes, cookies and a festive sing along as you venture down the tracks and through the Candy Cane Tunnel.  For tickets visit: The Candy Cane Train
Located at
Virginia & Truckee R.R at the 1870 depot
166 F Street
Virginia City, NV 89440

After a Little Dip, Prices are Back Up!

I have some market news to share with you.

Market Report – DOM and Median Price – Reno/Sparks

Let’s take a look at Median Price and Days on Market trends over the past 6 months for single family homes in the greater Reno-Sparks area. These statistics exclude Condo sales and focus only on single family home sales activity in the region.

According to the Reno-Sparks Association of REALTORS, the Reno-Sparks area experienced a 4% increase in median price from $335,000 in September to $348,450 in October. This price was 12.4% higher than October of last year, and 24.5%, or $68,500 higher than October, 2015. These year over year increases highlight the strong demand for housing being driven by low housing inventory, continued low mortgage rates and economic growth. We anticipate the median price will continue to increase in the long term, especially in the most affordable price ranges that fall below $600,000, where over 90% of home sales occur.

Median Price Reno Sparks

Click to Enlarge

The Average Days on Market increased by 6% from 83 days in September to 88 days in October. Though this number increased over the course of the month, it is actually 5.4% less than the 93 Average Days on Market we had at this time last year. We expect the Days on Market to begin increase slightly, following the typical seasonal trend as we move into fall and winter.

Days on Market Reno Sparks

Click to Enlarge

Why is this information important to you? With fewer homes on the market and faster sell times, there is less competition for sellers of homes in many neighborhoods. For sellers in price ranges below $500,000, the constrained inventory and strong demand make this an excellent time to meet with your Dickson Realty agent about why you might consider selling now.

For buyers, mortgage rates are still low, but increases in mortgage rates could come at any time. Your first steps in the buying process should include consulting me to help you get pre-qualified with a mortgage lender before you start looking at homes.

Please contact me for more market statistics or information about what is happening with real estate in your neighborhood.

Christy Klingler. Realtor

DOW_21477

Call. Text. 775.750.5492

Email: cklingler@dicksonrealty.com

Web: https://renosparksinfo.com  &

http://christy.klingler.dicksonrealty.com

Prices are Still Up! Inventory Still Down!

I have some market news I’d like to share with you.

Market Profile Report – Reno/Sparks 

Let’s review the Reno-Sparks real estate market, comparing month over month activity from September to October 2017, and comparing year-over-year to October 2016.

Please contact me if you have any questions or would like to discuss what is happening in our local real estate market.

 

Christy Klingler. Realtor

DOW_21477

Call. Text. 775.750.5492

Email: cklingler@dicksonrealty.com

Web: https://renosparksinfo.com  &

http://christy.klingler.dicksonrealty.com