Real Estate Blog

Now residents of Reno-Tahoe can catch a quick, nonstop flight to the Eureka/Arcata community in Northern California. The inaugural flight service is offered by aha!, an airline powered by veteran ExpressJet Airlines, and began on November 9th.

Flights will operate each Tuesday, Thursday, and Sunday departing the California Redwood Coast – Humboldt County Airport at 11:25 a.m. PT and arrive at the Reno-Tahoe International Airport by 12:35 p.m. PT. Flights from Reno to Eureka will depart at 9:30 a.m. PT and arrive at 10:40 a.m. PT.

"We are pleased to begin service from Reno to Eureka, giving travelers in both markets the ability to put together, for example, a short spontaneous two- or three-night trip using lower week-day hotel rates" said

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Where has 2021 disappeared to? Suddenly the holidays are just around the corner and we are prepping for ski season amidst the changing fall colors. Our team would like to share the latest Reno-Tahoe luxury housing market trends (including Q3) with detailed specifics and statistics.

Read on for all of the latest details!

What's Ahead for Luxury Sales:

  • This year to date, we have seen a frantic pace of listings and offers in our market because of the lack of inventory, the number of people moving into our area, favorable interest rates, and certainly Nevada's tax environment.
  • In September, 56 luxury homes sold in the Reno/Sparks area for more than the listing price, representing 39.29% of all luxury sales. The average amount paid over the
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Mt. Rose Ski Tahoe is a favorite resort for many locals and visitors to the Reno-Tahoe area. This winter, work will begin to upgrade some of the ski terrain of the mountain and introduce a brand-new high-speed chairlift.

The Lakeview area of the mountain will be expanding to include new terrain and the project is estimated to cost around $7.5 million, with expected completion ahead of the 2022 – 23 winter season.

 

“For 41 years, the Lakeview triple has provided access to incredible skiing and riding and expansive views of Lake Tahoe. Last season, strong ridership combined with COVID-19 related chairlift restrictions proved it necessary to increase Lakeview’s lift capacity,” said Mike Pierce, Mt. Rose Ski Tahoe marketing director. “When

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Autumn is here in Northern Nevada full swing (and maybe even a taste of winter already in Lake Tahoe)! Living in Reno, we get the best of both worlds – access to the outdoor playground our area offers while enjoying four mild seasons, over 300 days of sunshine a year, and all the city amenities you could need.

Temperatures have begun to drop at night, and you can feel the crisp, fall air. The changing seasons colors may be the most beautiful part of October and November, most notably with our singing aspen trees that turn a vibrant gold color throughout these cooler days. The Sierra Nevada mountains have begun to be blanketed in snow, but there is still much of fall to enjoy! We have some of the best places to view fall colors in Reno-Tahoe and all are

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Summer is winding down and we are already welcoming fall in just a few weeks! There's nothing quite like the crisp cool air and the changing colors in the local foliage. We are back to share the latest Reno-Tahoe luxury housing market trends have arrived with all of the mid-year specifics and statistics.

Read on for all of the juicy details!

Important Mid-Year Highlights:

  • We are continuing to see the effects of low interest rates, high stock market returns, low inventory and high buyer demand throughout the end of June.
  • From January to June 2021, our luxury market sales increased from 98 homes sold in 2020 to 266 homes sold in 2021, for a 17% increase. The average sold price has increased by 10.4%.
  • While we are not forecasting a
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There’s a chill (and a new woodsy aroma) in the air, the leaves are changing, the supermarket is packed with pumpkin spice-flavored products, and Halloween decorations are popping up everywhere. That's right: Fall is in full force. So why not make the most of that perfect temperate weather and the festive spirit? There's no shortage of fun fall activities to try—both indoors and outdoors. We have all of our favorite September and October events listed below. We hope you enjoy welcoming the turn of a new season with a little festive fall fun!

 

Great Italian Festival

The Great Italian Festival transforms downtown Reno into Little Italy with a grape stomp, an Italian farmers market, food booths and incredible free, live entertainment all weekend

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Investing in property is one of the most lucrative endeavors you can delve into if you do it right. Tax rules abound for investors when it comes to selling off property, but there is a popular tool to help maximize profits and avoid capital gains tax. A 1031 exchange can do just that is one of the best bets for building foundational real estate wealth.

 

What is a 1031 exchange?

A 1031 exchange gets its name from Section 1031 of the U.S. Internal Revenue Code, which allows an investor to avoid paying capital gains taxes on the sale of an investment property, as long the proceeds are reinvested within certain time limits in a property or properties of equal or greater value. In short, it’s a tax-deferring transaction that can be used in just about

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Nevada is leading the charge across the nation for payroll growth as the United States economy begins to recover from the COVID-19 pandemic. The biggest resurgence nationwide, the Silver State has posted a year-over-year growth of just under 30% according to an analysis by insurance tech company Huckleberry.

Growth in Nevada was double the rate of second-place Maryland (15%) and more than three times the growth of third-place North Carolina (8%).

Payroll growth is defined as the increases in average wage and salaries, and a factor typically considered to be a good indicator for recovery and business confidence. Nevada also jumped up its insurance policy growth by a whopping 165%.

“Nevada had the biggest bounce we’re seeing in terms of

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We are incredibly excited to share that we will be a sponsor for Montrêux Golf and Country Club’s very own Concert on the Green again for the 20th year! The Concert first kicked off in 2001 and has run every year since, with the exception of 2020 due to the COVID-19 pandemic. Dickson Realty has sponsored the event every year that it has taken place and we couldn’t be more honored to continue with the tradition. The concert returns this year on Sunday, September 19, with the picnic at 3:30pm and performance from 4pm – 6pm. We will be inviting all of our clients, colleagues, and friends to join us on the Patty Sheehan Practice Hole in the heart of Montreux’s beautiful gated and treed community.

 Be sure to bring your low-back chairs to join us for

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The real estate market in Incline Village-Crystal Bay is red hot! This spring, the region closed the season by tripling its median home price as more people relocate to the area. The median sales price for a home in Incline Village and Crystal Bay was $2.53 million in April, nearly triple the number from just a year ago according to the data from Multiple Listing Service (MLS).

 

An increase in demand means that more and more properties are being snapped up quickly. The typical property spent a mere 58 days on market in average in April, down significantly from 200 days in April last year. The Bay Area has brought an influx of cash buyers, leaving their mark on the Tahoe real estate market. Between the appeal of wanting to live in Nevada for the

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