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Reno/Sparks Market Report March 2018

 

 

Montgomery Real Estate Group at Keller Williams Sparks is a local real estate brokerage specializing in selling and buying homes in 89436 and 89441 in Sparks, Wingfield and Spanish Springs. Our team of top ranked REALTORS®  are dedicated to helping home buyers and sellers from contract to closing, and exceeding our clients' expectations.

 
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8943 Grisom, Reno, Nevada

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3 BEDROOMS | 3 (2 full, 1 half ) BATHROOMS | 2108 SQUARE FEET

This is the home you have been searching for! Large and popular floor plan including 3 Bedrooms and 2 1/2 bathrooms. Kitchen features upgraded cabinets and granite counters. Large master suite with recently upgraded master bathroom including double sinks, custom tile work, and a large walk in closet. The master retreat even features french doors and a large private balcony! Enjoy wonderful summer walks and mountain views throughout the community. Large and private backyard is fully landscaped and

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Conclusions for January 2018 Market Report

 

• The January median price at $360,000 is up 4% from December 2017 and up 19% from a year ago.

• January unit sales at 400 are down 19% from December and up 10% compared to January 2017.

• January new listings are up 51% at 470 compared to December and up 20% from one year ago.

• The Reno market is a seller’s market, at 1.3 months supply of inventory. Months supply of inventory is the time it would take to exhaust the active inventory at the current rate of sales. Conclusions

• The January median sales price at $360.000 started 2018 at a near record high for a January. It was twelve years ago, when median price reached its peak of $365,000 in January 2006. Today’s market conditions are

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Calling all buyers looking in Sparks!  You are the first to know about this one!  We have just listed 5135 Santa Anita Drive in Sparks, 89436.   It will go on the market in the next couple days.  Please contact us if you would like to beat other buyers to this hot new listing!

Here are some more details:

Welcome home! This adorable 3 bedroom home has only had one owner and it's ready for it's next. Spacious floor plan with vaulted ceilings also features two and half baths, a huge 3 car garage, plenty of windows and natural light. This home has lots of curb appeal, and the cutest front porch and fully landscaped backyard! All of this is offered in a beautiful and established and centrally located Sparks Suburban neighborhood with no HOA. Schedule

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475 Eagle View Ct, Sparks, NV

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4 BEDROOMS | 2 (2 full ) BATHROOMS | 1892 SQUARE FEET

This is the home you have been searching for! This home looks like a model and is located on a quiet cul-de-sac in Spanish Springs! It is the definition of immaculate. This home features a highly sought after floor plan and numerous upgrades throughout including plantation shutters, upgraded flooring, and newly remodeled bathrooms. The great room that looks out over the meticulously maintained .31 acre yard with paver patio, and views of the

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7012 Sacred Cir, Sparks, NV

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4 BEDROOMS | 3 (3 full ) BATHROOMS | 2310 SQUARE FEET

Come and see this beautiful Wingfield Springs home located in a quiet and peaceful neighborhood. Located minutes from shopping, parks, walking trails, and more. This contemporary and popular floor plan features a large kitchen, a cozy fireplace in the family room/great room, 4 bedrooms! The master suite is a luxury escape with a walk in closet, garden tub, and plenty of windows to let in light! Nice sized backyard that is fully landscaped with stamped concrete patio. Call to schedule your showing today!

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7021 Annabelle Drive, Sparks, NV

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4 BEDROOMS | 2 (2 full ) BATHROOMS | 2014 SQUARE FEET

Wonderful single story home nestled in the exclusive Red Hawk Community. Popular floor plan with open living areas, vaulted ceilings, and architectural niches. Large kitchen open to family room. Lots of upgrades including brand new carpet, and recently painted interior and exterior. Large master suite with double sinks, garden tub, shower stall, and huge walk-in closet. Beautifully maintained landscaping a full 3-car garage. Call today for a showing!

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Christmas and holiday lights brighten up the season in Reno and Sparks.  From homes to public areas in our city you are bound to find some wonderful displays.  

One of my family’s favorite traditions is to load up in the car and take a drive to explore some colorful Christmas lights in the Reno area.  We have old family favorites, and every year we also hope to discover some "new favorites" as well!

Here Is Our Top 10 List Of Christmas Lights and Displays in Reno Sparks For 2016!

10) Sparks Community Celebrations-  Victorian Avenue is quickly becoming a Christmas destination.  This is worth a visit for the huge lighted Christmas tree and holiday décor.  Sparks has been advertising their tall white fir as the largest in Nevada at 105 feet!

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Should You Rent Or Buy A Home?  

Everyone needs a place to live and there are basically only two options. You can rent or buy, so which one is the best choice?  The choice is different for everyone and should be carefully considered as buying a home is one of the biggest purchases that most people will make in their life.

There are a number of advantages to buying over renting.

  • Owning a home is an investment. When you rent, 100% of your rent payment goes into your landlord's pocket. When you are buying your home, each month part of your payment goes towards paying down your principal balance. 

  • Additionally, when you make improvements to your home this usually increases the value of your home and your investment.

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I have met with many qualified clients every week that all have one common problem, they don't know ho to save up all of the money need to purchase a home.  These clients all have decent jobs and pay rent, and they also know that once they are in a home they will easily be able to pay their monthly mortgage.  The problem still exists:  How will a first time buyer be able to save up the initial down payment?

I am happy to say that I have helped many families this year purchase home with little or no money down!  So here is the question, "How do you do it?", "How is it possible to purchase a home with no money saved to put down?".

 When you purchase a home, you need money for down payment and closing costs.  Let's first discuss the "down

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