Reno-Sparks Market Report July 18, 2024

July 2024 Market Report

** Data in the JULY 2024 Market Report reflect market activity from JUNE 2024 compared to JUNE 2023.  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).  Please contact me for reports in other areas of Northern Nevada or specific neighborhoods, and I will collect that information for you.  Data in this report only accounts for single-family resale residences and excludes townhouses/condos and manufactured/modular.

As observed in the graph above, the “weekly” market data for the week ending July 6 shows a significant slow-down in median DAYS TO CONTRACT compared to properties that sold in June when DAYS to Contract were 8 in Reno-Sparks. The week ending July 6, the Days to Contract was 25.

The Months Supply of Inventory represents the number of months it would take to sell through the entire inventory in Reno-Sparks at the current sales rate is no new properties were added to the market. This statistic varies by price as seen in the graph below. A balanced market is 5-7 months supply.  The luxury market, homes that are priced over $1.5M, are officially in a Buyer’s Market, with 7.5 Months Supply of Inventory in June 2024.

SUMMARY:

    • Compared to June last year, the Median Sales Price in Reno and Sparks (combined) increased from approximately $596,000 to $610,000… The June Median Sales Price is 7% higher than June 2023.
    • June closings saw the Median Days to Contract (DTC) in June decrease from 9 days to 8 days compared to May. 
    • Looking at more recent pace in July, the Median Days to Contract is increasing, a reflection of what I refer to as the “Summer Slowdown.” Industry professionals suspect that summer vacations during a short school-year break and other travel plans make it challenging for many Buyers to shop for homes.
    • The % of Cash Sales remains near 30% average in Reno-Sparks.
    • Mortgage have dropped below 7% for many buyers.  BusinessInsider.com reports, “Mortgage rates are down this week, with 30-year mortgage rates averaging around 6.30%, according to Zillow data. Rates are lower thanks to recent data showing that inflation slowed last month, and they should fall further as we get closer to a potential Federal Reserve rate cut.”
    • If you are a Buyer and still concerned about interest rates, many lenders are offering refinancing services free of charge 1 to 3 years after your purchase.  So it may be in your best interest to get into the market at todays prices with the idea of lowering your monthly payments in the near future. Contact me for a referral to a great local lender who will carefully walk you through the process!

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

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

 


Welcome to
THE WEEKEND WARRIOR

Do you suffer from FOMO?? You know… Fear of Missing Out?
Stop the FOMO and start getting out for a bit of fun in Northern Nevada!!
Tuck The Weekend Warrior in your back pocket and pull it out when you’re
stumped about what to do!!  And don’t forget to reach out to me if you have
an event you would like me to help promote! Thank you for reading!

~ Denise Hallerbach

WANDA SYKES
FRIDAY, MAY 3, 2024 (8 pm)
ELDORADO HOTEL & CASINO – GRAND EXPOSITION HALL

Known for her sharp wit and incisive social commentary, Wanda Sykes is set to perform live in Reno, offering an unmissable experience for her fans. The internationally acclaimed veteran comedian consistently delivers an energetic performance and engaging stage presence, which television or streaming can’t capture. Click HERE for a sample of Wanda Sykes’ Please and Thank You Tour, and purchase tickets in advance to see her live at Ticketmaster.com.

TEO GONZÁLEZ
SATURDAY, MAY 4, 2024 (8pm)
ATLANTIS CASINO RESORT SPA

¡En Español!  Iconic Mexican comedian Teo González is known for his trademark bald head, distinctive mustache, and masterful mix of traditional Mexican humor with universal themes. He’s set to bring his unique blend of humor to Reno, promising an unforgettable night of laughter.  Attend his show and you’ll be treated to a series of hilarious jokes and a cultural experience where he often incorporates musical interludes and engaging storytelling. Reminder… you had better brush up on your Spanish because very little English will be spoken. Catch a glimpse of Teo González HERE and buy your tickets in advance at AtlantisCasino.com.

PREACHER LAWSON
FRIDAY, MAY 24 & SATURDAY, MAY 25, 2024 (7 pm)
NUGGET CASINO RESORT – CELEBRITY SHOWROOM

Preacher Lawson is a must-see comedian at his live performance on Memorial Day weekend in Reno, Nevada!  The memorable “America’s Got Talent” comedy standout brings energetic humor and infectious charisma to his performances. High-energy delivery will leave lasting impressions on his audience.  Take a peek HERE for some of his appearances on AGT, and purchase your tickets to his hilarious show at the Nugget Celebrity Showroom at CNTY.com/Nugget.

F-ROCK CREW
SATURDAY, MAY 4, 2024 (4 pm)
PIONEER CENTER FOR THE PERFORMING ARTS

Established over 20 years ago in Seattle by founders Marcus “Fidget” Sharpe, Tim “Chipz” Uomoto, and Remi “Remz” Street, F-Rock Crew has become a global success in hip-hop culture. Originating in grade school, their bond grew through a shared passion for hip-hop, leading to collaborations with major artists like the Black-Eyed Peas, New Edition, Usher, and more and companies such as Coca-Cola and Nike. The crew not only performs but educates on the history and techniques of dance styles such as break-dance, popping, and locking. Their educational program emphasizes respect, anti-bullying, and cultural awareness, incorporating lessons about dance pioneers and American history. Deeply connected to their community and roots, their family-friendly performance is FREE, and no reservations are needed.  For more info about this dynamic show, please visit PioneerCenter.com.

CELEBRATE THE KENTUCKY DERBY
SATURDAY, MAY 4, 2024 (3:57 PM PST)
SEVERAL VENUES IN RENO, NV

Don your fanciest hat and dress to impress as you get out for a day filled with excitement, tradition, and the thrill of the Kentucky Derby. Several restaurants and taverns around Reno invite you to celebrate this time-honored event. Sip on classic mint juleps, indulge in Southern-inspired delicacies, and cheer on your favorite thoroughbreds as the best-of-the-best horses and jockeys display their athletic prowess.  It’s one of the most stylish parties of the year, so don’t miss out on the fun… and the people-watching!  Discover many of the participating establishments at AllEvents.In/Reno/Derby.

LET’S CELEBRATE THE CINCO DE MAYO
SATURDAY, MAY 4 – SUNDAY, MAY 5 (11 am to 9 pm)
J RESORT – 345 N. Arlington Ave – Reno

Get ready to spice things up at Northern Nevada’s biggest bash for Mexican-American heritage!  Saddle up for dancing horses, groove to sizzling beats, feast on delectable dishes, and much more!  Dive into the fiesta vibes at this jubilant Cinco de Mayo Celebration!  J Resort is rolling out an unforgettable day filled with pulsating music, yummy eats, and endless excitement for all who attend. Fiesta like there’s no mañana!! Tickets for entry are available at the door the day of the event for only $10. Jresortreno.com for more information! 

RENO ACES BASEBALL
vs. TACOMA RANIERS (TUESDAY-SUNDAY, MAY 7-12, 2024)
vs. SALT LAKE BEES (TUESDAY, MAY 28-SUNDAY, JUNE 2, 2024)
GREATER NEVADA FIELD – 250 EVANS AVE, RENO, NV

The Triple-A Baseball Season is in full swing!  And you’re invited to cheer on our local Reno Aces at Greater Nevada Field!  This month, your favorite promotions like Taco Tuesday, WILD Wednesday, Thirsty Thursday, Fireworks Friday, Special Events Saturday, and Family Sunday return to the stadium with loads of excitement and fun for all ages!  Saturday, May 11, the Aces welcome you to Scooby Doo Day, where the lovable groovy dog and his fabulous friends make their way to the ballpark for a fun visit with fans. Arrive early to grab your complimentary dog bowl while supplies last! Sunday, May 12 is Mother’s Day at Greater Nevada Field, and all moms take home a special flower. Saturday, June 1, Peanuts take over, with a Snoopy figurine giveaway in store. Check out all the weekly promotions HERE and purchase tickets in advance MILB.com/reno.

UNR STUDENT CHOREOGRAPHY SHOWCASE 2024
FRIDAY, MAY 10 (7:30 pm) & SATURDAY, MAY 11 (2:30 & 7:30 pm)

UNIVERSITY OF NEVADA, RENO – LOMBARDI RECREATION CENTER – DANCE THEATRE RM 123

Experience the art of movement at the UNR Student Choreography Showcase on Mother’s Day Weekend!  Join the UNR Department of Theatre and Dance for a dazzling performance where the vibrant talents of the university’s finest student choreographers and dancers take center stage, including my amazing daughter, Katarina! More than just a performance, the showcase celebrates creativity, hard work, passion, and commitment to development through the Arts. Whether you’re a lover of dance, a supporter of student Arts, or simply searching for an inspiring evening or afternoon out, the Student Choreography Showcase promises an unforgettable journey through the world of dance. This event is FREE to the public! For more information, visit Drive.google.com.

THE HOUSE DETECTIVE
SATURDAY, MAY 11, 2024  (5:30 pm)

KTVN – 2NEWS NEVADA

That’s right! On Saturday, May 11, after the 5 o’clock news on KTVN 2News Nevada, I’m co-hosting a segment of “Television’s Oldest and Most Successful Real Estate Program, THE HOUSE DETECTIVE!” On the air for over 70 years, the 1/2 hour show highlights homes offered for sale in Northern Nevada and provides insight into market conditions, lending information, and more! I’ll be sharing my newest residential listing, 1195 Dunbar Dr in Washoe Valley, and presenting other awesome homes offered by Better Homes and Gardens Drakulich Realty! If you miss this episode, you can catch past episodes and learn more about the program’s history at TheHouseDetective.com.

HONOR YOUR MOM or MOTHER FIGURE!
SUNDAY, MAY 12, 2024

MULTIPLE VENUES, SEVERAL IDEAS! 

Still trying to decide what to do with your wonderful Mom or Mother Figure in your life? Our area offers so many options and ideas. I found a diverse list of events and activities online, so check out some ideas here and click  the links to the events that you fancy the most! HAPPY MOTHER’S DAY!!

MARCUS KING Saturday, May 11, (8 pm) @ Grand Sierra Resort
Listen HERE to Marcus King’s, Blues/Southern Rock song “Good Bye, Carolina.”

CELTIC WOMAN Friday, May 17, (8 pm) @ Silver Legacy Grand Exposition Hall
Listen HERE to Celtic Woman’s Celtic Folk New-Age song, “Dúlamán.”

GIPSY KINGS Saturday, May 25, (8 pm) @ Nugget Casino Resort, Grand Ballroom
Listen HERE to Gypsy Kings’ Flamenco Pop Rock Salsa song, “Volare.”

SOCIAL DISTORTION Sunday, May 26 (8 pm) @ Grand Sierra Resort, Grand Theater
Listen HERE to Social Distortion’s Rock song, “Ball and Chain.”

BROTHERS Saturday, April 13 (8 pm) @ Nugget Casino Resort, Grand Ballroom
Sorry, I was unable to find any videos of Brother that I can share.

SKID ROW Friday, May 31 (7 pm) @ Nugget Casino Resort, Grand Ballroom 
Listen HERE to Skid Row’s Rock song, “18 and Life.”

HOT AUGUST NIGHTS – SPRING REVIVAL!
FRIDAY, MAY 17 & SATURDAY, MAY 18, 2024
GRAND SIERRA RESORT

Get ready to kickstart your summer with a sizzling slice of nostalgia at the Hot August Nights Spring Fever Revival!  Hosted by the fabulous Grand Sierra Resort, this cherished event is where classic car lovers unite to rev their engines and roll back in time! Whether you’re showing off your pristine ’79 Chevy or your vintage fire truck, all cars and emergency vehicles from 1979 and earlier are welcome to participate.  And hey, if your classic beauty is already signed up for the main Hot August Nights event, your entry is totally on the house! Learn more, and get signed up before registration is full. This special event is capped at 400 vehicles. Here’s the link: Hotaugustnights.net/spring-fever-revival

THE BIGGEST LITTLE BLOCK PARTY IN THE WORLD
MAY 18, 2024 (2 pm)
LOCOMOTION PLAZA – DOWNTOWN RENO

Reno’s newest party venue, set on Virginia Street under the iconic Reno Arch, transforms into an electrifying music and arts haven. This all-ages, one-day extravaganza will take place on Saturday, May 18, from 2:00 PM to 10:00 PM, offering a unique blend of musical performances, art, and community activities in the heart of downtown Reno. The Biggest Little Block Party in the World brings talented DJs and producers performing on the famous Dancetronauts Bass Station Stage. Attendees can expect an unparalleled experience with massive production elements such as lasers, pyrotechnics, and state-of-the-art lighting. The event promises to be a treat for the senses, showcasing the very best in electronic music and production design.  Beyond the music, the block party will feature a variety of food trucks serving up delicious eats, full-service bars for refreshing beverages, local vendors for shopping, and live art installations that celebrate the vibrant culture and creativity of the Reno community. Learn more about this family-friendly event at TIXR.com.

MARK TWAIN DAYS
FRIDAY, MAY 10 – SUNDAY, MAY 12, 2024
VIRGINIA CITY, NEVADA – 86 S. C STREET

Mark Twain’s brief yet impactful period in Nevada continues to influence the area profoundly. The upcoming Mark Twain Days Festival, hosted in Virginia City and Downtown Carson City, celebrates the excitement, characters, and spirit of the West that Twain cherished.  Attendees can immerse themselves in art, music, literary events, and neighborhood tours, embracing the transformative journey that Twain himself experienced. The festival kicks off with the option to take the Twain Train on Friday, May 10, or visitors can drive themselves to join the festivities throughout the weekend. This event offers a unique opportunity to explore Twain’s legacy and the vibrant culture of Nevada, much like Samuel Clemens did when he ventured west from Missouri in search of his true identity. Check out the entire schedule of events at VisitVirginiaCityNV.com and enjoy!

CHILI ON THE COMSTOCK & CRAFT BEER TOUR
SATURDAY, MAY 19 & SUNDAY, MAY 20, 2024 (10 am – 4 pm)
VIRGINIA CITY, NEVADA – C STREET

Whether you’re into mouth-on-fire spicy, mild, or chili verde, your vote matters at the 42nd Chili on the Comstock!  The International Chili World Qualifier takes over Virginia City with mouth-watering chili from the best chili chefs in the West competing for a spot in the International Chili Society World Finals! Are you up for a tastebud challenge? Brace your tongue for the return of the Great Fire Hot Chili Pepper Challenge. If brave enough, you’ll test your limits to see how high you can go on the Scoville Scale. Each round of this fiery competition will feature a chili pepper hotter than the last.  Does all of the talk about scorching chili peppers make you thirsty?  Never fear!  The Craft Beer Tour conveniently takes place concurrent with the chili tastings. For more great information about this fun annual event, please hit up VisitVirginiaCityNV.com.

ROCK THIS COUNTRY presented by RENO DANCE COMPANY
THURSDAY, MAY 23, 2024
PIONEER CENTER for the PERFORMING ARTS

The Reno Dance Company and students from The School at Reno Dance Company are thrilled to bring a stimulating original musical revue to the stage. Bursting with dynamic energy, stunning costumes, and spectacular sets, Rock This Country merges various dance styles with an eclectic mix of COUNTRY music. From beloved oldies and timeless classics to the latest hits in pop country, this show promises a diverse and exhilarating auditory and visual treat for all who make their way to the Pioneer Center on Thursday, May 23!  Tickets are available online at PioneerCenter.com, by phone at (775) 434-1050, or the Pioneer Box Office M-F 10 am to 4 pm.

MEMORIAL DAY: CELEBRATION OF HEROS PARADE
SATURDAY, MAY 25, 2024 (12-1 pm)
VIRGINIA CITY, NV 

Virginia City proudly continues its glorious tradition by celebrating its heroes with the Celebration of Heroes Parade every Memorial Weekend. The parade will proceed along C Street, beginning at noon on Saturday, May 25. We invite you to honor the brave individuals who sacrificed everything for our country. To participate in the parade, please register by clicking HERE. Consider making it a full weekend experience! I recommend booking your accommodations early as local lodging fills up quickly. Check out available lodging options in Virginia City HERE.  For more information about this event and others in Virginia City, check out VisitVirginiaCityNV.com.

XTREME BARREL RACING
MAY 28 – JUNE 2, 2024
RENO-SPARKS LIVESTOCK EVENTS CENTER 

I’m not sure about you, but every year I visit the Reno Rodeo, I leave wanting more barrel racing! If you want more barrel racing, you got it!  At Xtreme Barrel Racing at the Reno-Sparks Livestock Events Center, you’ll understand why many young women and their beloved horses have been drawn to this heart-racing sport. Each duo racing showcases incredible speed and agility, executing sharp turns around tightly spaced barrels and accelerating back to the finish line. Like any timed sport, the competitive element of barrel racing adds to its excitement as we cheer our loudest for each competitor. Discover all that this fun spectator event has to offer at BurnsEvents.com.

MENOPAUSE THE MUSICAL
PLAYING THROUGH JUNE 30, 2024 

ELDORADO CASINO RENO – ELDORADO SHOWROOM

Look no further than Menopause The Musical for a hilarious journey through the ultimate midlife crisis! Join the estrogen-fueled fun as four women bond over night sweats, memory loss, and more, all set to toe-tapping tunes you know and love. Get ready to laugh till your laugh lines hurt as this side-splitting musical turns menopausal mayhem into a musical masterpiece. Whether you’re experiencing “the change” yourself or just along for the ride, this show promises an uproarious evening filled with laughter, camaraderie, and maybe even a newfound appreciation for your inner goddess. For advance ticket sales, visit Ticketmaster.com

FEATURED RESTAURANT!!
VON BISMARCK
805 S. WELLS AVE, RENO, NV 89502
775.622.3687

A modern family-style restaurant inspired by the traditions of Eastern and Northern Europe, Von Bismarck awaits your visit! This excellent Wells District eatery focuses on low-intervention wine and traditional beer styles and specializes in the best old-world cuisine through a modern lens. The welcoming and generous servers and management create an ambiance that will bring you back without hesitation. Embrace the spirit of community when you experience communal seating and family-style presentation. Mouthwatering cuisine is served across the menu and can be found at VBReno.com. And with the weather warming up soon (hopefully), outdoor seating awaits you! Prost!

I’VE BEEN WORKING HARD!!
HERE IS SOME OF MY RECENT REAL ESTATE ACTIVITY

PREMIERE MT. ROSE AND PEEK WASHOE LAKE VIEWS…  from this sprawling 5 bedroom, 4 bathroom, 3,555 SF home on .97 acres. The current owners have poured oodles of love into this property. The original home boasts 4 bedrooms and 2 bathrooms, while the attached in-law apartment features a full kitchen, 1 bedroom, 1 office, 2 full bathrooms, laundry room, and great room!  Bring ALL your toys to 1195 Dunbar Dr, as there is plenty of room to park them in the 2 car-garage, RV garage or workshop garage nestled under the apartment. Solar panels bring savings on your energy bill!  Learn more about this great opportunity via email or text/call… 775-233-0682. Visit Bit.ly/1195DunbarDr for more info and photos and take a spin through the virtual tour at Bit.ly/1195DunbarDrVideo.  Denise Hallerbach (BS.1001182).

STUNNING VIEWS FROM 1.6 ACRE ARROWCREEK HOMESITE  Premiere views like that of 4200 Spotted Eagle Ct in the highly desirable golf community of ArrowCreek are getting harder to come by! Capture the opportunity to build your brand-new luxury estate and remove yourself from the hustle of city life from the comfort of your future home. You’ll savor the serenity this quiet court offers, with dazzling evening lights of the valley/city before you. HOA Arch Committee has already approved exterior design plans offered with this sale. For more information email or text/call me at 775-233-0682 if you or somebody you know is interested! Visit Bit.ly/4200SpottedEagleCtReno for more info and photos.  Denise Hallerbach (BS.1001182).

RESORT LIVING… SHOWS LIKE A MODEL!  UNDER CONTRACT WITHIN 1 DAY ON MARKET!!  Attention to detail and upgrades abound at 3020 Feathertop Dr in Reno’s highly desirable Ridgeline at Caramella Ranch. Enjoy resort-style living in this gorgeous single-story, where the owners lovingly selected $160,000 of upgraded features that elegantly flow through the popular Baldwin Modern Farmhouse floor plan built by Toll Brothers. Enter the handsome Craftsman front door leading to elevated ceilings & a spacious great room concept. Your gourmet kitchen features top-of-the-line KitchenAid appliances with double-oven & stainless gas cooktop, sleek Quartz countertops, upgraded cabinets, a generous Bellera sink & inviting breakfast bar. As seen in the Baldwin model home, natural light spills through the rare, oversized window extending to the floor of the dining area. Stylish stone-tile kitchen backsplash compliments the stunning floor-to-ceiling fireplace surround and knotty alder mantel. Email or text/call me at 775-233-0682 if you or somebody you know is interested in a home with amazing qualities like this one! Visit Bit.ly/3020FeathertopDr for more info and photos of this gorgeous home!  Denise Hallerbach (BS.1001182).

CLICK THE IMAGE ABOVE FOR A VERY QUICK TOUR of this HOME, JUST SOLD APRIL 9!!  Enjoy the convenience of living in the heart of Reno with no HOA.  This classic home is tucked into a quiet cul-de-sac in Manzanita West, one of Reno’s desirable established neighborhoods. Freshly painted on the entire interior and exterior, 2333 Dant Ct invites you to bring your own personal touches & make it your own. Light fixtures with matte black metal & a hint of aged gold tastefully compliment the home’s original fixtures and accents sprinkled throughout. Gleaming hardwood flooring is in excellent condition. Most of this attractive home is on ground level and features a large bonus/game room + oversized closet upstairs. Plumbing upstairs offers the potential to add another bathroom and bedroom for additional value and utility.  Email or text/call me at 775-233-0682 if you or somebody you know is interested in another great home in this awesome neighborhood! Denise Hallerbach (BS.1001182).

SOLD APRIL 18th FOR FULL ASKING!!  1201 Searchlite Ct in NW Reno, offers the convenience of living just a short 2-minute drive to groceries, restaurants, and more. The end-unit corner condo abuts a lush landscape with views of the beautiful mature trees lining the greenbelt. The home offers a bedroom and full bathroom downstairs, an oversized primary bedroom and additional bedroom or office with Jack-and-Jill bathroom upstairs, a generous enclosed courtyard patio, and a rare 2-car garage. For more information email or text/call me at 775-233-0682 if you or somebody you know is interested in another condo in the area!  Denise Hallerbach (BS.1001182).


DENISE HALLERBACH
REALTOR – BROKER SALESPERSON
NV Lic #BS.1001182

denise@drakulichre.com

THE WEEKEND WARRIOR is one of the many ways I provide
information and resources to my clients and friends.

A referral is the greatest compliment we can receive
Thank you!

**If you are currently working with a real estate professional, this is not intended as a solicitation.


 

Weekend Warrior April 5, 2024

Weekend Warrior: Apr 2024

 


Welcome to
THE WEEKEND WARRIOR

Though Winter doesn’t seem to be throwing in the towel, Spring is definitely in the air, and warmer temps will be here before you know it!  I am so excited to get outside, enjoy the fresh air, and enjoy the adventure in Northern Nevada.

Did you miss last month’s Weekend Warrior? You may notice that I recently turned GREEN and aligned with BETTER HOMES AND GARDENS DRAKULICH REALTY!!
My change has been nothing short of amazing. I am extremely charged and happy to devote 100% of my efforts to my clients’ needs and excellence in customer service.
#GONEGREEN!

THE SIMON & GARFUNKEL STORY
FRIDAY, APRIL 5, 2024 (8 pm)

PIONEER CENTER for the PERFORMING ARTS

Experience The Simon & Garfunkel Story on its North American tour, showcasing live performances of iconic hits like ‘Mrs. Robinson’ and ‘Bridge Over Troubled Water’ accompanied by stunning visuals. Follow the duo’s journey from their humble beginnings as Tom & Jerry to their split in 1970 and memorable reunion at the 1981 Central Park concert. With over 100 million album sales and 10 Grammy Awards, Simon & Garfunkel’s harmonies have left an indelible mark on music history, including them into the Rock and Roll Hall of Fame in 1990. Notable accolades include a Brit Awards nomination for “Bridge Over Troubled Water” in 1977 and a Grammy Hall of Fame Award for “The Sound of Silence” in 2004. Don’t miss this immersive tribute to the legendary duo’s enduring legacy. Learn more about the show and purchase tickets online at PioneerCenter.com.

RENO ACES BASEBALL
vs. SACRAMENTO RIVERCATS (THURSDAY-SUNDAY, APRIL 4-7 2024)
vs. SUGAR LAND SPACE COWBOYS (TUESDAY-SUNDAY, APRIL 23-28, 2023)
GREATER NEVADA FIELD – 250 EVANS AVE, RENO, NV

Yes!  It’s that time of year again, and you’re invited to Greater Nevada Field to cheer on our Reno Aces to victory throughout the Spring and Summer of 2024!  It was a rough start to the season with a few tough losses, but games against the Sacramento Rivercats continue.  The Aces continue this series through the first weekend of April, then take on the Sugar Land Space Cowboys (yes, The Space Cowboys, LOL) during the 4th week of the month. With nightly promotions and specials, you’re sure to have a cracking good time! Visit MILB.com for the schedule, promotion links, and online ticket sales.

MENOPAUSE THE MUSICAL
APRIL 3 THROUGH JUNE 30, 2024 

ELDORADO CASINO RENO – ELDORADO SHOWROOM

Look no further than Menopause The Musical for a hilarious journey through the ultimate midlife crisis! Join the estrogen-fueled fun as four women bond over night sweats, memory loss, and more, all set to toe-tapping tunes you know and love. Get ready to laugh till your laugh lines hurt as this side-splitting musical turns menopausal mayhem into a musical masterpiece. Whether you’re experiencing “the change” yourself or just along for the ride, this show promises an uproarious evening filled with laughter, camaraderie, and maybe even a newfound appreciation for your inner goddess. For advance ticket sales, visit Ticketmaster.com.

TEDx RENO
SATURDAY, APRIL 6, 2024 (Doors Open at 8 am)

LAWLOR EVENTS CENTER

When it comes to thought-provoking topics generated and presented by engaging speakers, TEDx Reno has you covered!  It’s more than just an event… It’s a platform for fostering community engagement and driving positive change.  Don’t miss the opportunity to come together to explore ideas and shape the future of our city and beyond, as together, we unlock the power of new ideas and make a difference in our world. For more information about this powerful event and/or to register, please visit Tedxreno.org

MARISELAFriday, April 5 (8:30 pm) @ Grand Sierra Resort
Listen HERE to Marisela’s Latin Pop, “SolaCon Mi Soledad.”

YELAWOLFSaturday, April 6 (8 pm) @ Grand Sierra Resort
Listen HERE to Yelowolf’s Hip Hop/Rap, “You and Me.”

EDWIN McCAINSaturday, April 6 (8 pm) @ Nugget Casino Resort, Celebrity Showroom
Listen HERE to Edwin McCain’s Rock song, “I’ll Be.”

PETER FRAMPTON
Thursday, April 11 (8 pm) @ Grand Sierra Resort
Listen HERE to Peter Frampton’s Easy Rock, “Baby, I Love You Way.”

LOGAN MIZE
Saturday, April 13 (8 pm) @ Nugget Casino Resort, Celebrity Showroom
Listen HERE to Logan Mize’s Country song, “Better Off Gone.”

LOS ANGELES AZULES
 Sunday, April 14 (8 pm) @ Reno Events Center
Listen HERE to Los Angeles Azules’ Traditional Mexicana song, “Mi Amor de Mi Vida.”

CHEVELLETuesday, April 23 (8 pm) @ Grand Sierra Resort
Listen HERE to Chevelle’s Rock song, “The Red.”

NATE SMITHFriday, April 26 (8 pm) @ Grand Sierra Resort
Listen HERE to Nate Smith’s Country song, “World on Fire.”

BANDA CUISILLOSSaturday, April 27 (8 pm) @ Grand Sierra Resort
Listen HERE to Banda Cuisillos’s Pop Regional Song, “Mil Heridas.”

GLADYS KNIGHTSunday, April 28 (7:30 pm) @ Grand Sierra Resort
Listen HERE to Glady’s Knight’s R&B/Soul song, “Midnight Train to Georgia.”

THE QUALITY OF LIFE
April 12, 13*, 18, 19, 20, 25, 26, & 27 @ 7:30pm & April 14, 21**, & 28† @ 2pm
RENO LITTLE THEATER

Experience the heartwarming and thought-provoking local play Quality of Life by the acclaimed writer Jane Anderson. Join Dinah and Bill, a devout Midwestern couple grappling with the loss of their daughter, as they navigate through life’s trials. When Dinah seeks solace with her left-leaning cousins Jeannette and Neil in Northern California, each family’s contrasting perspectives on life, death, and faith collide. Despite their differences, they find common ground through humor and compassion, weaving together a tale of resilience, acceptance, and the enduring power of connection. Don’t miss this captivating exploration of love, loss, and the pursuit of quality in life. Secure your tickets to one of the shows at RenoLittleTheater.org.

AVA BALLET THEATRE presents CINDERELLA
SATURDAY, APRIL 13 (8 pm) & SUNDAY, APRIL 14 (2 pm)
PIONEER CENTER for the PERFORMING ARTS

Step into a world of enchantment as the spring gala season unveils the timeless fairytale Cinderella.  Accompanied by our very own Reno Philharmonic, you’ll experience the magic of Prokofiev’s magnificent score as re-imagined by Director/Choreographer Alexander Van Alstyne.  Cinderella promises an evening of mesmerizing dance the whole family will enjoy. Catch one of only two performances performed by talented local dancers and special guest professional dancers visiting from renowned ballet Amercian companies. Under the baton of conductor Tara Simoncic, you’ll immerse yourself in the magic of Cinderella as never seen before. Visit PioneerCenter.com to book your unforgettable artistic experience.

FESTIVAL OF COLORS – RENO
SATURDAY, APRIL 20, 2024 (12-5 pm)
RANCHO SAN RAFAEL PARK

Don’t miss the vibrant celebration of unity and joy at Rancho San Rafael Park at the Festival of Colors.  Lose yourself in the rhythm of talented DJs Ron Deazy and Bass Bunny while immersing yourself in the spirit of the community.  With vibrant color throws, delicious food and beverage vendors, intriguing arts and crafts, yoga, and even an area for a play area for the kiddos, you can’t go wrong by participating in this annual festive event.  Learn a little more about the Festival of Colors at EventBrite.com.

RENO JAZZ FESTIVAL
THURSDAY, APRIL 25 – SATURDAY, APRIL 27, 2024
UNIVERSITY OF NEVADA

Attending the Reno Jazz Festival at the University of Nevada, Reno (UNR) promises an unforgettable experience filled with enriching music, vibrant performances, and a unique atmosphere that embraces Reno’s evolving art/culture scene. Treat yourself to world-class presentations, diverse programs, educational opportunities, and community engagement.  Learn more about this delightful annual event Unr.Edu/Jazz-Festival.

RENO PHILHARMONIC presents MAHLER’S FIFTH SYMPHONY
SATURDAY, APRIL 20 (7:30 pm) & SUNDAY, APRIL 21, 2024 (4 pm)
PIONEER CENTER for the PERFORMING ARTS

Hailed by The Boston Globe as “glowing,” “incandescent,” and “a singing actress to be reckoned with,” American soprano Jacquelyn Stucker masters a broad-ranging repertoire of concert works, recital, opera, and contemporary music. In summer 2022, she made a hugely impactful debut as Poppea L’incoronazione di Poppea at the Festival d’Aix-en-Provence which attracted universal praise, and has cemented her reputation as a true rising star. This season, Stucker can be seen in a number of highly anticipated new projects: Her company and role debut as Lucia in Thomas Adès’ The Exterminating Angel at the Opéra national de Paris and Zabelle in George Benjamin’s new work, Picture A Day Like This directed by Daniel Jeanneteau and Marie-Christine Soma at the Linbury Theatre, Royal Opera House. Further appearances include her role debut as Rosalinde Die Fledermaus at the Hamburg Staatsoper and with Les Musiciens du Louvre on tour at the Teatro Real and the Théâtre des Champs-Elysées; and Poulenc Gloria with the Reno Philharmonic. In future seasons, Stucker makes anticipated debuts at the Dutch National Opera, Santa Fe Opera and returns to the Royal Opera House. Don’t miss this special performance at one of two shows offered on the last weekend of April.  For more information and ticket sales, please visit RenoPhil.com.

VIRGINIA CITY GRAND PRIX
SATURDAY & SUNDAY, APRIL 27 & 28
VIRGINIA CITY, NV 

The toughest of the tough emerge for two of the most grueling days of strength and off-road endurance imaginable. Over 1,000 hard-core enduro racers battle for all the glory at the 52nd Annual Virginia City Grand Prix this weekend! This race is not for the faint-hearted… The brutally rugged course on the rocky terrain surrounding historic makes for a challenging experience for the best riders in the West. Some have trained all year solely for this event, and to finish the 4.5 hour race is a feat in and of itself. Pop up to Virginia City to cheer these brave athletes on! For more information, camping details and more, please visit VCGP.com.

JERRY SEINFELD
SATURDAY, APRIL 27 (8 pm)
RENO EVENTS CENTER 

Escape from the stresses of everyday life and enjoy a simple night of pure entertainment when you see Jerry Seinfeld live here in Reno, NV. As the star of one of the most beloved sitcoms of all time, “Seinfeld,” Jerry Seinfeld has had a significant cultural impact. Attending one of his shows allows you to experience firsthand the wit and humor that made him a household name. His impeccable timing and natural charisma on stage can keep audiences engaged and laughing throughout the entire performance. Get tickets to enjoy seeing Seinfeld in person at Ticketmaster.com.

FEATURED RECIPE!!
Chicken Enchiladas in Sour Cream & Verde Sauce w/ Asparagus
It’s asparagus season!!! If you love this delicious and nutritious veggie like I do and want to make a killer recipe to take advantage of the produce this year, then I highly recommend you try my Chicken Enchiladas in Sour Cream & Verde Sauce w/ Asparagus recipe! I pulled it out of my online recipe archives just for you! To learn how to make it, visit my Realtor Recipes Blog at DeniseHallerbach.com. And let me know what you think!!

OUTDOOR-LOVER’S PARADISE!  Welcome to 9095 Boomtown Garson Rd, a harmonious blend of elegance, sophistication, and exquisite design nestled in the scenic beauty of Verdi, NV. Majestic sunrises greet you from your covered paver patio and massive NE-facing windows, while stunning sunsets dazzle you from the upstairs SW-facing balcony. The home’s functional floor plan flows seamlessly, offering luxurious features and beautiful lighting throughout. Outdoor enthusiasts enjoy easy access to mountain biking, hiking and off-roading recreation trails. Hop on convenient I-80 that is not audible from this home, to Palisades Tahoe (40 min), historic Truckee (20 min), Downtown Reno (13 min), Reno-Tahoe International Airport (16 min). Low HOA is only $37/mo. Don’t wait, because this one should not last.  Schedule your appointment today!  Email or text/call me at 775-233-0682 if you or somebody you know is interested!  Denise Hallerbach (BS.1001182).

RESORT LIVING… SHOWS LIKE A MODEL!  Attention to detail and upgrades abound at 3020 Feathertop Dr in Reno’s highly desirable Ridgeline at Caramella Ranch. Enjoy resort-style living in this gorgeous single-story, where the owners lovingly selected $160,000 of upgraded features that elegantly flow through the popular Baldwin Modern Farmhouse floor plan built by Toll Brothers. Enter the handsome Craftsman front door leading to elevated ceilings & a spacious great room concept. Your gourmet kitchen features top-of-the-line KitchenAid appliances with double-oven & stainless gas cooktop, sleek Quartz countertops, upgraded cabinets, a generous Bellera sink & inviting breakfast bar. As seen in the Baldwin model home, natural light spills through the rare, oversized window extending to the floor of the dining area. Stylish stone-tile kitchen backsplash compliments the stunning floor-to-ceiling fireplace surround and knotty alder mantel. The full list is available upon request. Email or text/call me at 775-233-0682 if you or somebody you know is interested!  Visit Bit.ly/3020FeathertopDr for more info and photos!  Denise Hallerbach (BS.1001182).

CLICK THE IMAGE ABOVE FOR A VERY QUICK TOUR!  Enjoy the convenience of living in the heart of Reno with no HOA.  This classic home is tucked into a quiet cul-de-sac in Manzanita West, one of Reno’s desirable established neighborhoods. Freshly painted on the entire interior and exterior, 2333 Dant Ct invites you to bring your own personal touches & make it your own. Light fixtures with matte black metal & a hint of aged gold tastefully compliment the home’s original fixtures and accents sprinkled throughout. Gleaming hardwood flooring is in excellent condition. Most of this attractive home is on ground level and features a large bonus/game room + oversized closet upstairs. Plumbing upstairs offers the potential to add another bathroom and bedroom for additional value and utility.  Email or text/call me at 775-233-0682 if you or somebody you know is interested in this, or another home in this awesome neighborhood! Denise Hallerbach (BS.1001182).

EXPECTED TO CLOSE APRIL 18!  1201 Searchlite Ct in NW Reno, offers the convenience of living just a short 2-minute drive to groceries, restaurants, and more. The end-unit corner condo abuts a lush landscape with views of the beautiful mature trees lining the greenbelt. The home offers a bedroom and full bathroom downstairs, an oversized primary bedroom and additional bedroom or office with Jack-and-Jill bathroom upstairs, a generous enclosed courtyard patio, and a rare 2-car garage. For more information email or text/call me at 775-233-0682 if you or somebody you know is interested in another condo in the area!  Denise Hallerbach (BS.1001182).

STUNNING VIEWS FROM 1.6 ACRE ARROWCREEK HOMESITE  Premiere views like that of 4200 Spotted Eagle Ct in the highly desirable golf community of ArrowCreek are getting harder to come by! Capture the opportunity to build your brand-new luxury estate and remove yourself from the hustle of city life from the comfort of your future home. You’ll savor the serenity this quiet court offers, with dazzling evening lights of the valley/city before you. HOA Arch Committee has already approved exterior design plans offered with this sale. For more information email or text/call me at 775-233-0682 if you or somebody you know is interested! Visit Bit.ly/4200SpottedEagleCtReno for more info and photos.  Denise Hallerbach (BS.1001182).


DENISE HALLERBACH
REALTOR – BROKER SALESPERSON
NV Lic #BS.1001182

denise@drakulichre.com
THE WEEKEND WARRIOR is one of the many ways I provide
information and resources to my clients and friends.
A referral is the greatest compliment we can receive
Thank you!
**If you are currently working with a real estate professional, this is not intended as a solicitation.


 

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