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Weekend Warrior: May 2024
April 2024 Market Report
** Data in the APRIL 2024 Market Report reflect market activity from MARCH 2024 compared to the previous month and year. Information is gathered from the Sierra Nevada Realtors ® (RSAR) for the Greater Reno-Sparks region via the Northern Nevada Regional Multiple Listing Service (www.nnrmls.com). For reports in other areas of Northern Nevada or specific neighborhoods, please contact me, and I will collect that information for you. Data in this report only accounts for single-family resale residences and excludes townhouses/condos, manufactured/modular, and all new construction.
SUMMARY:
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- The Median Sales Price (MSP) in Reno and Sparks combined has increased from $525,000 to $575,000 from January to March 2024, a 7% increase over the last 2 months.
- The Median Days to Contract dropped from 32 in January, to 20 days in February, to 12 days in March 2024… Bottom line, as we make our way through spring, the market is heating up.
- Months Supply of Inventory dropped 14% month-over-month from 1.8 MSI to 1.5 MSI, indicating a continued Seller’s Market. Months Supply of Inventory is a measure of the rate of sales. If single family homes in Reno-Sparks continue to sell at the same rate as in March 2024, and no new inventory were added to the market, the entire inventory would be depleted in 1.5 months. A balanced market is 6-7 months.
- I am often asked the burning question, “Should I Buy Now? Or Should I Wait?”
- RamseySolutions.com took the words right out of my mouth in a recent article, “Should I Buy a House Now or Wait for Mortgage Rates to Go Down? The basic principle are these:
- You should buy a house now if you are financially prepared.
- Bear in mind that when interest rates do drop, you will see even more competition possibly resulting in overbids.
- With the anticipation that interest rates will be lower in the future, you will likely be able to refinance at that time to lower your monthly payment.
- RamseySolutions.com took the words right out of my mouth in a recent article, “Should I Buy a House Now or Wait for Mortgage Rates to Go Down? The basic principle are these:
Is your next home sale and/or purchase happening in 2024, or even 2025? Email me at Denise@DrakulichRE.com or reach me by cell at 775-233-0682 so we can begin analyzing the best plan for YOU!
~Denise Hallerbach, Associate Broker, Better Homes and Gardens Real Estate – Drakulich Realty
Weekend Warrior: Apr 2024
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March 2024 Market Report
** Data in the MARCH 2024 Market Report reflect market activity from FEBRUARY 2024 compared to the previous month and year. Information is gathered from the Sierra Nevada Realtors ® (RSAR) for the Greater Reno-Sparks region via the Northern Nevada Regional Multiple Listing Service (www.nnrmls.com). For reports in other areas of Northern Nevada or specific neighborhoods, please contact me, and I will collect that information for you. Data in this report only accounts for single-family resale residences and excludes townhouses/condos, manufactured/modular, and all new construction.
SUMMARY:
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- The Median Sales Price (MSP) in Reno and Sparks are have remained relatively flat through the winter months. Reno’s MSP was approximately $590,000 (approx. 1% increase compared to Jan 2024 and 2.6% increase compared to Feb 2o23) and Sparks MSP was $567,500 (approx. 1/2% decrease month-over-month and 8.5% increase compared to Feb 2023)
- With the Median Days to Contract dropping from 32 to 20 days (down 37.5% compared to Jan 2024) we are seeing a corresponding increase in pending sales. Pending sales are up a whopping 42% month-over-month.
- Months Supply of Inventory plummeted from 2.2 MSI to 1.6 MSI, indicating a continued Seller’s Market. Months Supply of Inventory is a measure of the rate of sales. If single family homes in Reno-Sparks continue to sell at the same rate as in February 2024, and no new inventory were added to the market, the entire inventory would be depleted in 1.6 months. A balanced market is 6-7 months.
- With mortgage rates still hovering around 7%, Buyers and Sellers continue to ask themselves, should I STILL wait to make my next move? A few critical factors should be your guiding force:
- Are you financially stable and qualified? Speak with your financial and tax advisors and your mortgage lender to determine if you’re qualified for a purchase now. Need an excellent mortgage expert? Contact me to find the best in the business.
- Understand that as the spring buying season heats up, if inventory remains low and demand continues (as I anticipate it will), prices are likely to begin increasing again. Now could be the best time to make your move, considering the projection of increased home prices.
- Realize the possibility of refinancing to lower your monthly payment when rates drop again at some point in the future.
- So what is happening with mortgage rates, now, and in the near future? Most mortgage rate experts and real estate economists predict rates will moderate in the next several months. Visit “TheMortgageReports.com” for a more thorough explanation of what the experts are predicting.
Is your next home sale and/or purchase happening in 2024, or even 2025? Email me at Denise@DrakulichRE.com or reach me by cell at 775-233-0682 so we can begin analyzing the best plan for YOU!
~Denise Hallerbach, Associate Broker, Better Homes and Gardens Real Estate – Drakulich Realty
Weekend Warrior: Feb 2024
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Chicken Enchiladas in Sour Cream & Verde Sauce w/ Asparagus
Chicken Enchiladas in Sour Cream Verde Sauce w/ Asparagus
What You Need:
- ~3 lb boneless, skinless chicken thighs
- salt
- 2-3 lb asparagus, cut into bite-size pieces
- 1/3 cup yellow or white onion, chopped
- 1 Tbsp. olive oil
- 2.5 oz can black olives, chopped
- 3-4 cups Monterey Jack cheese, shredded
- 1/2 cup butter
- 1/2 cup flour
- 4 cups chicken broth (used from cooking the chicken)
- 1 cup sour cream
- 3/4 cup salsa verde (green salsa)
- 1 dozen flour tortillas (I recommend using Guerrero’s Soft Taco Flour Tortillas)
- a sprinkling of Parmesan cheese
- 1/4 cup fresh cilantro. chopped
- 2 9×13 baking dishes
What To Do:
- Cover chicken in large stock pot with salted water (about 3-4 Tbsp); Bring to a boil, then lower heat to medium and cook for about 25 min; Place chicken on cutting board to cool.
- While chicken is cooking, place asparagus in a skillet, barely cover with water, sprinkle with salt, and bring to low boil; Cook asparagus until al dente; Drain asparagus and place in a large mixing bowl; Set aside.
- Sauté onion in skillet with 1 Tbsp olive oil over medium heat until softened; Add to mixing bowl with asparagus.
- Shred chicken and place in mixing bowl with asparagus and onions; add olives and about 2 cups of cheese and mix all ingredients together.
- In medium saucepan, melt butter over medium heat; blend in flour with a wooden spoon; Add chicken broth (reserved from cooking chicken), whisking constantly until thick and bubbly; Add sour cream and green salsa and heat all.
- Preheat oven 350 deg F; wipe bottom and sides of baking dishes with olive oil.
- One tortilla at a time placed in the baking dish, place a generous amount of chicken mixture in the center of the tortilla and spread evenly throughout; drizzle about 3-4 Tbsp sauce inside the enchilada, roll up; Line up the next tortilla and repeat until all of mixture is used up.
- Evenly pour sauce over the top of all enchiladas; Sprinkle with Jack cheese, and then with a dusting of Parmesan cheese.
- Bake at 350 degrees F for 25 min or until top turns slightly brown.
- Sprinkle with fresh cilantro and serve.
Crab Cakes with Chipotle Sauce
What You’ll Need:
- Crab Cakes:
- 1 large egg
-
1/3 c mayonnaise
- 2 Tbsp
-
- an air fryer 🙂
- Chipotle Sauce
What To Do:
- For the crab cakes: Whisk together the egg, mayonnaise, bell pepper, chives, parsley, lemon zest and juice, mustard, seafood seasoning, 1 teaspoon salt and several grinds of black pepper in a large bowl. With a rubber spatula or large spoon, very gently fold the crab and Panko into the mixture. Try to avoid breaking up lumps of crab as much as possible. Cover the crab mixture with plastic wrap and allow to rest in the refrigerator for at least 30 minutes and up to 1 day. This will allow the Panko to absorb more liquid and help bind the crab cakes together better.
- For the chipotle sauce: While the crab mixture is resting, stir together the mayonnaise, sour cream, chipotles and adobo sauce, chives, parsley and lemon zest and juice in a small bowl until combined. Season with salt and black pepper and set aside. (The sauce can be refrigerated, covered with plastic wrap, up to 1 day.)
- Just before cooking, divide the crab-cake mixture into 4 portions. Lightly compact each portion to form a patty (about 3 1/2 inches in diameter) with your hands to ensure they hold their shape while cooking and place onto a large plate.
- Preheat the air fryer to 375 degrees F and spray the basket with cooking spray. Place the crab cakes into the basket and spray the tops with cooking spray. Cook until deep golden brown and crisp, flipping halfway through and spraying again with cooking spray, about 13 minutes. Serve warm with chipotle sauce and lemon wedges.
*Kudos to FoodNetwork.com for this AMAZINGLY delicious recipe!!
Southern Peach Cobbler
SOUTHERN PEACH COBBLER
What You’ll Need
- 9 fresh peaches (peeled, pitted and sliced in thin wedges)
- 1/4 c white sugar
- 1/4 c brown sugar
- 1/4 tsp ground cinnamon
- 1/8 tsp ground nutmeg
- 1 tsp fresh lemon juice
- 2 tsp corn starch
- 1 c all-purpose flour
- 1/8 c white sugar
- 1/8 c brown sugar
- 1 tsp baking powder
- 1/2 tsp salt
- 6 Tbsp unsalted butter, chilled & cut into small pieces
- 1/8-1/4 c hot water
- mix together 3 Tbsp white sugar & 1 tsp ground cinnamon
What To Do:
– Preheat oven to 425 degrees Fahrenheit
– In large bowl, combine peaches, 1/4 c white sugar, 1/4 brown sugar, cinnamon, nutmeg, lemon juice and corn starch. Toss to coat evenly and pour into a 2-quart baking dish. Bake in pre-heated oven for 10 min.
– Meanwhile in a large bowl, combine flour, 1/8 c white sugar, 1/8 cup brown sugar, baking powder and salt. Blend in butter using your hands or pastry blender until mixture resembles coarse meal. Stir in water until just combined.
– Remove peaches from oven and drop spoonfuls of topping over them. Sprinkle entire cobbler with sugar & cinnamon mixture. Bake until topping is golden, about 30 min. Enjoy!
(This recipe is courtesy of allrecipes.com and has been modified to use less sugar than the original recipe)
Jalapeño Poppers
What You’ll Need
- jalapeño peppers (10-12)
- ~ 6 oz cream cheese (room temperature)
- ~ 1 cup cheddar cheese, finely grated and loosely packed (I like using white cheddar)
- ~ 1/2 cup feta cheese, crumbled
- 1 clove garlic, minced
- 1/8 cup chives, finely chopped
- Salt/Pepper
- Panko bread crumbs
- Cooked bacon bits (optional)
What You’ll Do
- Combine all ingredients in a medium mixing bowl.
- Cut off stem of peppers and slice lengthwise into two identical halves. Remove seeds and white membrane to hollow out.
- Preheat air fryer at 325 degrees F or conventional over at 425 degrees F.
- Using a small spoon, stuff each pepper with about 1-2 Tbsp of cheese mixture (depends on the size of the pepper).
- Arrange in the basket of the air fryer in one layer. Sprinkle bread crumbs over each popper.
- Cook jalapeño poppers for about 15 min at 325 degrees F or in the conventional oven at 425 degrees F for 10 to 15 min, or until cheese is somewhat gooey and peppers are al dente.
** This fun appetizer was inspired by Diethood.com!! Kudos to Diethood!
Vietnamese Noodle Salad with Pork
What You’ll Need:
For the Pork:
- 1 lb. pork tenderloin
- 3 T. sugar
- 1 T. fish sauce
- 3 T. sesame oil, divided
- 1 T. soy sauce
- 2 tsp. ground black pepper
- 1 tsp. kosher salt
- 1 large clove garlic, minced
For the Sauce:
- 1-1/2 c. water
- 1/4 c. rice vinegar
- 1-1/2 T. fish sauce
- 3 T. sugar
- 1 medium garlic clove, minced
- 1/2 tsp. kosher salt
- 1 pinch crushed red pepper
For the Noodle Salad:
- 12 oz. thin white rice noodles (use very thin vermicelli)
- 4 to 6 c. sliced romaine or iceberg lettuce
- 1 to 2 large carrots, julienned
- half of a large English cucumber, sliced into thin rounds
- 1 c. bean sprouts
- 1 bunch fresh cilantro (coarsely chop or tear, if desired)
- 1 bunch fresh mint (coarsely chop or tear, if desired)
- fresh lime wedges
What You’ll Do:
- for the pork: Place pork tenderloin in freezer to chill for 30 minutes. Remove from freezer and cut crosswise into very thin slices, about 1/8″ thick. Then cut each slice in half lengthwise. Place pork pieces in a wide shallow bowl or large zip-top baggie.
- In a small bowl, stir together sugar, fish sauce, 1 tablespoon of the sesame oil, soy sauce, black pepper, salt, and garlic. Pour mixture over pork pieces and fold several times to ensure the marinade is thoroughly mixed in with the pork. Cover bowl and place in refrigerator to marinate for 1 hour. Meanwhile, prepare the sauce and noodles.
- for the sauce: In a small saucepan over medium to medium-high heat, stir together all sauce ingredients. Once sugar and salt have dissolved, remove from heat to cool to room temperature.
- for the noodle salad: Bring a large saucepan of water to a boil. Add rice noodles, stir, and turn off heat. Let noodles soften according to the package directions, then drain and rinse in cold water in a colander. Shake very well to remove water and leave sit in colander at room temperature.
- Divide noodles amongst four low wide bowls or plates. Top each with lettuce, carrots, cucumber, bean sprouts, cilantro, mint, and lime.
- Remove pork from refrigerator. Heat a large cast iron skillet over medium-high to high heat. When hot, add remaining 2 tablespoons of the sesame oil and swirl around the bottom of the skillet. When oil is shimmering, carefully add pork. Separate pork pieces to cover bottom of skillet. Let pork sit without stirring for about 1 minute, to caramelize. Fold and repeat until pork is cooked through, about 5 minutes. Total cook time will depend on how thin the pork is cut, etc.
- Divide hot pork amongst each of the four bowls. Serve with sauce to pour over individual bowl.
** This delightful recipe is credited to AFarmGirlsDabbles.com! Check out the website for more details and tips!
