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Weekend Warrior •
June 1, 2024
Weekend Warrior: June 2024
Reno-Sparks Market Report •
May 10, 2024
May 2024 Market Report
** Data in the MAY 2024 Market Report reflect market activity from APRIL 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:
-
- Compared to April last year, the Median Sales Price (MSP) in Reno and Sparks combined decreased slightly from $540,000 to $565,000 from March to April 2024, a 4.6% increase year-over-year.
- The Median Days to Contract dropped from ticked down from 12 days in March 2024 to 11 days in April.
- We continue to be in a strong Seller’s Market, with only 1.5 Months Supply of Inventory (MSI). 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 April 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.
- While activity is picking up, inventory is still low. About 1/2 of the inventory we normally see this time of year (prior to COVID-19) serious Buyers are more likely to have some competition when securing a contract to purchase. Having a qualified, experienced agent who has great relationships with listing agents and understands the nuances of writing a clean, compelling offer can often help during those competitive moments.
- Mortgage rates over the last several months have been higher relative to hyper-low rates during the COVID-19 era (hovering at or over 7%). There are grumblings that these higher rates may stay for a while. However, you may have been delaying your purchase or sale long enough, and your move is imminent. Remember, at some point in the future we should see those rates drop, and many lenders are offering free refinancing services when that does happen.
Is your next home sale and/or purchase happening in 2024, or even 2025? Email me at Denise@DrakulichRE.com or call me at 775-233-0682 so we can begin analyzing the best strategy for YOU!
~Denise Hallerbach, Associate Broker, Better Homes and Gardens Real Estate – Drakulich Realty
Weekend Warrior •
May 2, 2024
Weekend Warrior: May 2024
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Reno-Sparks Market Report •
April 9, 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 •
April 5, 2024
Weekend Warrior: Apr 2024
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Reno-Sparks Market Report •
February 13, 2024
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:
-
- 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 •
February 3, 2024
Weekend Warrior: Feb 2024
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Favorite Recipes •
March 14, 2023
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.
Favorite Recipes •
September 29, 2022
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!!
Favorite Recipes •
September 1, 2022
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)
