Newest Community in Elko
Homes are now available at Hamilton Stage - Phases 2 & 3
Come see the value of a quality built Artisan home that
will surpass your expectations.
Contact Joyce Molohon for more information:
775-778-1190
[email protected]
SellsElko.com
A Look at the Reno Market
Let’s look at the statistics from last month to get an overview of how things are
progressing in Reno and Sparks. Things are definitely booming. However, even
though more people are putting their homes on the market, inventory growth is
lacking.
April unit sales in Reno were the fifth highest in history, with an impressive 508
sales; this number is up from 479 in April. The spike in April sales was up 6%
from March and up 5% from April 2013. In terms of median prices, April’s
median home price in Reno was $230,000, which was up 1% from March.
However, more interestingly, April’s median home price of $230,000 was up 12%
when compared to April 2013.
April new listings were 662, which was up 2% from March and down 3% when compared to
April 2013. The number of distressed properties has dropped from 29% in April 2013 to 13% in
April 2014.
The Media Weighs In
An article in the Tahoe Daily Tribune on June 3rd called “List prices for Reno, Lake Tahoe
Homes Rising Sharply,” reports that listings are far above prices just a year ago. They also point
out that the increase over last year is actually the “second-biggest increase in the nation.” Only
the Stockton-Lodi market has had a higher increase. At the same time, the article reports that the
Reno/Sparks sales are aren’t matching the increase in prices.
The combination of low inventory and high demand in Reno and Sparks continues to be a
problem for buyers. Strikingly, Reno has 3 ½ months of available inventory, which marks the
lowest level in history. Adding to the dilemma for homebuyers is the fact that credit access
remains tight. Realtors report that even those with good credit are having trouble qualifying for
mortgages.
Data sourced from NNRMLS.
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Homesite 6 - $275,990
1,906 square feet • Elevation B
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(775) 853-3306
fax (775) 853-3768
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2698 Mule Circle Reno, NV 89511
2,191 square feet
4 bedroom / 2.5 bath / 3 car garage
Lots of great builder upgrades!
Builders Warranty
Large Corner Lot
Raised Panel Maple Cabinets
Under Cabinet Lighting
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Bold and Fun Nontraditional Ideas for Outdoor Living
Nothing beats enjoying some great weather or
simply cultivating a great outdoor space that you
can use year round. In this article, we’re going to
take a look at some of fun and new nontraditional
ideas for getting the most out of all of your outdoor
living.
The Outdoor Kitchen Option
Outdoor kitchens offer a lot of bang for the buck. Grilling inside, real grilling, just
isn’t very practical, but in the great outdoors nothing feels or smells quite as
natural. Plus, an outdoor kitchen allows you to do much more than grill as an it
also means never having to run inside for supplies, to wash your hands or dispose
of trash. If you want a bold new way to entertain and enjoy your backyard, then
you’ll want to consider all that an outdoor kitchen has to offer.
Time to Liven Up That Dull Porch
Do you have a dull porch? Oh don’t worry about it, as there are millions of dull
porches all around the country and the world. So what steps can you take to
dramatically increase your porch’s charm? The first step is to clean up any clutter.
After that you’ll want to add a swing. While this is a simple step, the addition of a
swing breathes new life into any porch area. You’re adding a relaxing and fun way
to use your porch.
Another tip is to consider adding a relaxing outdoor lighting such as a lantern that
features a hypnotic design. The combination of a relating swing and the hypnotic
glow and pattern of a lantern can make any tired old porch seem romantic and
vibrant. Final polishing touches such as an outdoor mirror hanging on the wall,
lush plants and a small, strategically placed table for drinks and food will combine
to make your dull porch devastatingly cool and useful.
Revitalizing that Old Gazebo
Think that gazebos are a thing of the past? Not so fast. Durable outdoor curtains
can serve to reframe your gazebo and give it a different look and feel. Other steps
such as adding plants (especially tall ones like bamboo, which grow remarkably
fast) dividers and other touches can really elevate your gazebo and do so in record
time. Just a few hours spent on framing can truly transform your existing gazebo
into something very relaxing and rather private. Best of all, this idea can be
tackled on a surprisingly low budget.
One of the best aspects of these ideas is that they are budget friendly and can be
implemented slowly over time. Anyone looking for a new way to get more out of
his or her outdoor living space will want to consider these creative and bold
nontraditional ideas.