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Contact David Hughes

If you have any questions or need more detailed information, please feel free to contact me via phone at 1-800-692-1193 or fill out the form to let us know how we can help with your real estate needs.

Office Location Dickson Realty
1030 Caughlin Crossing
Reno, NV 89519
Toll Free: 1-800-692-1193
Fax: 775-201-0995

Reno Real Estate

News and information about the current Reno and Sparks Real Estate Market

There are currently 15 blog entries related to this category.

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Can you say Recovery?

Wednesday, January 25th, 2012 at 9:28am. 25 Views, 0 Comments.

Well kind of, the economist's at the National Association of Realtors are reporting that existing home sales for 2011 were up by 1.7% and the inventory of existing homes on the market is the lowest since March of 2005. Consumers are gathering confidence from the low interest rates, great prices and job growth. Here in Nevada we have to keep this in perspective, we will always trail behind any sort of national statistics. But also thanks to the new law AB 284 that went into effect in Nevada on October first, the number of NOD'S, (notice of defaults) that were filed have been cut by about 95%.

The reason why is the law states that before a bank can foreclose on you, they must be able to prove that they have the right to foreclose on the property. They will…

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Reno City View Home with a 5 car garage

Thursday, October 20th, 2011 at 9:28am. 595 Views, 0 Comments.

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We just listed 2490 Melody Lane for $319,000 and it overlooks the city and has a panoramic view of the valley. This home has a custom 5 car, heated garage for the car enthusiast in your family. There is almost 3200 square feet and lots of features you would find in a much more custom home including steam shower and upgraded plumbing fixtures.

The floorplan is very open for entertaining and takes full advantage of the spectacular views.  The home is very easy to show and the location is 10 minutes from anywhere. Be sure and take a look at the pictures and click here for the virtual tour.

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University of Nevada ranking

Wednesday, October 19th, 2011 at 4:42pm. 149 Views, 0 Comments.

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University of Nevada in Reno has been ranked 181 out of 1600 national colleges.

 U.S News and World report issued it annual "Best Colleges"Rankings today and UNR is again in the top tier of best national universities coming in at 181. The rankings now include a list of the top public schools and we came in at 100. Schools in this category offer a full range of undergraduate majors, masters and doctoral degrees. This years ranking at 181 is up from last year at 191.

Reno has an enrollment of more than 17,000 students and the University is home to the States medical school and one of the country's largest study abroad programs. Its campus size is 255 acres and utilizes a semester based academic calendar. It's in state tuiton is $4,481.00 and out of…

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Somersett Commercial Center priced slashed

Tuesday, September 27th, 2011 at 5:21pm. 211 Views, 0 Comments.

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The Somersett Town Square has been reduced from $3,650,000 to $2,400,000 and is "Bank Owned".

The main commercial area at Somersett ( the town square) has just been reduced. It is a bank owned property and consists of two buildings with a total of about 35,000 square feet. Each building is on its own parcel, one is 1.93 acres and the other is 2.06 acres.

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7665 Somersett Parkway

This is a great opportunity for an investor looking for office/retail space.  These buildings are beautiful and located right in the heart of one of Reno's best neighborhoods. This the area that Somersett uses for its Summer farmers markets and the summer concert series that has featured the legendary "Jakes Garage Band".

The first floor of both these building are…

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We are in the Eye of the Storm

Monday, August 29th, 2011 at 11:42am. 272 Views, 0 Comments.

Over the last 45 days the real estate market has become eerily quiet, some of it has to do with kids going back to school and families getting the most out of their vacations. But make no mistake we have a lot of buyers that have been sidelined do the inability of congress to make decisions on the debt ceiling, unemployment over 9%, the falling stock market and Ben Bernanke's speech that failed to come up with a stimulus plan.

 Consumer confidence is at the lowest level since the financial crisis in November of 2008 and the 4th lowest level since they began this index in 1978, see the graph below from the University of Michigans Consumer Sentimnent index. There is currently no confidence in the econony, the leadership and especially the Real…

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Sprawling Ranchette in The Estates at Mt. Rose

Friday, February 11th, 2011 at 9:19am. 1375 Views, 2 Comments.

We just listed 14905 Napoleon Ct. in Mt. Rose estates, almost 3000 square feet on one level. Property is 1.25 acres with fantastic views of Mt. Rose, you can actually look up and see if you want to go skiing today. kitchen  accoutrements include cherrywood cabinets, slab granite counters, GE Monogram and Profile stainless steel appliances plus there is a butlers pantry to the formal dining room. We listed it for $515,000 and everything is done, including brushed nickel fixtures, stone and wood floors and upgraded window treatments.

Outdoors there is an oversized paver patio with trellis, full vineyard to grow your own table grapes and lots of specimen trees for privacy. There is also an inground built in hot tub to enjoy the snow capped moonlit…

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Reno Real Estate Blog

Friday, January 21st, 2011 at 5:11pm. 555 Views, 0 Comments.

I've just partnered up with 3 of Reno's top Real Estate Industy leaders to bring you an informative Real Estate blog. 

www.RenoRealEstateGurus.com
David Hughes - Reno Residential Guru  Reed Simmons - Reno Commercial Real Estate Guru Stephanie Hanna - Reno Mortgage Lender Guru Erin Schiller -  Reno Title and Escrow Guru We are excited to be bringing you all the news and updates from all aspects of the Real Estate Market.  We will also be adding other authors such as a home inspector, appraiser, water rights expert etc., this will become the resource in the Reno area for all of your Reno Real Estate questions. Reed Simmons with Grubb and Ellis in Reno has been in the real estate industry for 30 years and was once a partner at Dickson Realty.…

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7245 Ishi Point - Reno, Nevada

Wednesday, September 29th, 2010 at 4:08pm. 649 Views, 0 Comments.

We just listed 7245 Ishi Point in the Northwest suburban area. This is a one owner home and is not a short sale. It is on a quiet cul de sac and has lot's of upgrades including:  large RV area, lots of concrete work and built in shelves in garage.  This home is close to shopping and is in the McQueen school district.   $179,000

  • 1263 sq. ft.
  • 3 bedrooms
  • 2 bathrooms
  • 2 car garage
  • .15 acre cul de sac lot

 This is a must see if you are looking for a home in the Reno Northwest suburban neighborhood.

 

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For more information on this home and more pictures  -  CLICK HERE

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Reno Housing inventory down to 2.3 months

Thursday, June 17th, 2010 at 11:53am. 456 Views, 0 Comments.

 

As of the end of April the Reno Sparks area had an inventory of 2.3 months.  This means that at the current pace of housing sales we would sell all of the inventory in 2.3 months. Compare that with November of 2008, when we had about 13 months of inventory on the market. A typical buyers market is defined as 8 months of inventory on the market. You do the math. Some people say banks are holding back on releasing foreclosures. If that is true there could be a flood of houses hitting the market. All I know is we have been very busy putting buyers in homes.

Interest rates are unbelievably low.  Remember...your home is your home, that is where you hang your hat. Nothing more nothing less.

 

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Downtown Reno Heading in a New Direction

Wednesday, December 9th, 2009 at 1:16pm. 778 Views, 0 Comments.

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The recession has hit downtown Reno in a crazy way and the trend is not exactly what Reno officials were looking for. They were working for a mix of housing, shops and restaurants to help the faultering casino industry. The reason for the downturn in casino gaming is the Indian casinos in California which are just about three hours away.

 

The problem is the elephant in the room, which was Nevada's real estate crash. Reno's downtown condo market has floundered.  The biggest project downtown is the Montage which has 377 units and sits nearly empty and has been put on the auction block. There are some other condo projects downtown that are still selling units, like the Palladio. They think the idea of all the condo projects downtown was a great idea but…

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