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David Morris Group-Benefits of Selling a Home in a Sellers Market-Reno Real Estate-List your home-spring market

Benefits of Selling a Home in a Seller’s Market

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David Morris Group-Benefits of Selling a Home in a Sellers Market-Reno Real Estate-List your home-spring market

The real estate market is not a straight line of absolutes and certainties.  There are many moving parts, some directly related to housing, and other indirect consequences of unforeseeable events that affect the supply and demand.  While predictions are made each year, the housing market is cyclical, and yes – shift happens! Several factors must be at play for the real estate market to shift from favoring buyers to giving sellers the upper hand, or vice versa.  According to fortune.com, “Demand for new homes is at a record high, but the inventory of new homes available is at a record low.”  This data means that we are still in a Seller’s Market.  A seller’s market occurs when more people are looking to buy with few homes available to purchase. What sort of advantages do sellers have when the demand exceeds the supply?

Less Time on the Market.

A larger number of people looking to buy fewer homes should increase the odds that your home will sell quickly.  Homes that have been difficult to sell in the past or that may have been described as “unique” or “well-lived in” will have better odds in a seller’s market. However, it will take more than simply hanging a For Sale sign in your yard. Listing your home still requires a strategy and a plan. You’ll still want to take steps to provide value and attract buyers. 

You May Get Multiple Offers.

Rather than feeling pressured to accept a lowball offer (or the only offer), sellers now have the option to look at the highest price and decide from a position of strength.  

Seller Concessions are Less Negotiable.

Seller concessions are closing costs, or a percentage of the total closing costs, that the seller agrees to pay to finalize the transaction. Buyers have much less leverage to make requests or demands because sellers can stand their ground knowing they’ll probably receive several offers.

How long does a Seller’s Market last?

So many moving parts impact this question, and it would be great to see into the future to know for sure. The simple answer is that the seller’s market will last as long as demand exceeds supply or until an unforeseeable event shifts the scale. The bottom line is that if you’re thinking about selling and don’t have the time or inclination to haggle with buyers, now is the time!

 

If you’d like to stay up to date on what’s happening around Reno, follow our blog, and if you have questions about the Reno real estate market, or if you’re ready to list your home contact the David Morris Group. We’re happy to be your helpful guide. Give us a call at (775) 828-3292.

 

 

David Morris Group - Gen Z Drawn to Reno - Reno Real Estate - Reno Housing Market - Gen Z Moving to Reno

Gen Z Drawn to Reno

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David Morris Group - Gen Z Drawn to Reno - Reno Real Estate - Reno Housing Market - Gen Z Moving to Reno

In a recent Gen Z City Index, Reno ranked 6th for the best places for Generation Z or “zoomers” to live. Gen Z covers individuals born between 1997 and 2012. The post-millennial generation is getting ready to head out into the world to make big life decisions. As they enter into adulthood, Reno is becoming a place where the zoomers are setting their sights to carve out their own path.

 

Gen Z City Index ranked several cities on various factors, including the availability of employment, the median home price, affordability of the area, gender pay gap, diversity, resident resources, and more. The list includes 30 cities, and six California cities cracked the top 10. Reno was able to snag the sixth spot in part due to its perfect score in equality. The study looked at the 2020 Human Rights Campaign’s Municipal Equality Index to weigh how cities handle nondiscrimination laws and advocate for the LGBTQ+ community.

 

Reno also scored well in gender pay equity. The U.S. Census Bureau found that Reno has a wage gap of 6.88% between men and women, with only three other cities having a smaller pay gap. Reno saw the fifth-highest number of job opportunities, solidifying the city’s ranking as a great place for zoomers to live.

 

The 2020s will be a time for zoomers to age into adulthood and make their own way. As a college town that scored well in a variety of categories that are increasingly important to Gen Zers as they get older, Reno is likely going to continue to draw in the young adult demographics. With expanding technology and manufacturing job opportunities in Northern Nevada, booming economic activity, and the high quality of life offered to Reno residents, a young, talented, and driven workforce is sure to follow.

 

We’re excited to see what Generation Z will contribute to the evolving Reno area and how the University of Nevada, Reno will grow to fit the needs of the incoming students. Reno has always been accepting of new generations, new people, and new ideas, so we’re happy to see that Gen Z is so accepting of Reno.

 

If you’d like to stay up to date on what’s happening around Reno, follow our blog, and if you have questions about the Reno real estate market, contact the David Morris Group. We’re happy to be your helpful guide. Give us a call at (775) 828-3292.

 

 

 

David Morris Group - Where to Ring in 2022 in Reno - New Years Celebrations in Reno - Reno New Years Eve Events 2021 - Reno New Years Events 2022

Where to Ring in 2022 in Reno

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David Morris Group - Where to Ring in 2022 in Reno - New Years Celebrations in Reno - Reno New Years Eve Events 2021 - Reno New Years Events 2022

Are you ready to say sayonara to 2021? Well, the countdown has officially begun until 2022 is here. Send 2021 off on a high note and welcome the new year in style. Check out where to ring in 2022 in Reno, and have a very happy and safe New Year’s.

Bass Camp Presents Borgore New Year’s Eve 2022

Cargo Concert Hall is putting on a big celebration for New Year’s featuring Borgore, JAWNS, GAWM, and Audio Stasis.

Burlexque

Enjoy a glam and fun New Year’s Eve celebration at LEX Nightclub inside the Grand Sierra Resort.

Downtown Fireworks Show

When the clock strikes midnight, a spectacular fireworks show will take place over Virginia Street and the Reno Arch.

El Raj and Oh Lonesome Ana New Year’s Party

The local bands, El Raj and Oh Lonesome Ana, and a vinyl DJ will keep you dancing at Matador Lounge until it’s time to ring in the new year.

New Year’s Celebrations at THE ROW

There are several New Year’s celebrations happening at THE ROW, including VIP parties at NoVi, Brew Brothers, El Jefe’s Cantina, and Rum Bullions, as well as no-cover celebrations at Roxy’s, Silver Baron, Aura, and Cabaret.

New Year’s Eve at Wild River Grille

Plan for an amazing night enjoying a five-course gourmet dinner with a complimentary glass of champagne at Wild River Grille. The menu has so many great options, including Creole shrimp bisque, braised short rib croquettes, and citrus herb lamb chops.

New Year’s Eve Dining at Atlantis

Don’t worry about cooking on the last day of the year. Instead, go and check out the four-course dinners in Bistro Napa and Atlantis Steakhouse or the fabulous steak and seafood feast at Toucan Charlie’s Buffet & Grille.

Reno 54 ~ A Swagged Out New Year’s Eve Shindig

Dancers, aerial performers, and live music will all be a part of the New Year’s celebration at Record Street Brewing. There is also a prix fixe menu for New Year’s Eve if you’d like to end 2021 with a delicious meal.

 

No matter how you spend the last day of 2021 or where you ring in 2022 in Reno, we hope you reflect on the good memories you made and can look forward to some exciting new opportunities in the new year.

 

If you’d like to stay up to date on what’s happening around Reno, follow our blog, and if you have questions about the Reno real estate market, contact the David Morris Group. We’re happy to be your helpful guide. Give us a call at (775) 828-3292.

 

 

 

David Morris Group - Winter Tree Care Tips - How to Take Care of Trees in Winter - Reno Tree Arborist - Reno Tree Doctor - Reno Real Estate

Winter Tree Care Tips

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David Morris Group - Winter Tree Care Tips - How to Take Care of Trees in Winter - Reno Tree Arborist - Reno Tree Doctor - Reno Real Estate

Winter is often a season that has everyone neglecting their yards and their trees, but there are actually some things you should be doing to keep the outside landscaping looking beautiful and get ready for a stunning spring. Check out the winter tree care tips we’ve learned from our friends at Noah’s Park Tree Care!

The Benefits of Winter

Winter is actually a great time to spend some time taking care of your trees as it brings advantages like increased structural visibility, decreased stresses, decreased chances for pest infestation, and increased fruit production. With the shedding of a tree’s leaves, it’s much easier to look at the structure of the tree and gives you some insight into the health and the needs of the tree. Pruning is also much easier to take care of in the winter as trees are dormant and less likely to take on any stresses from the foliage loss.

Identifying a Dead Tree vs. a Dormant Tree

Are you wondering if you have a dead tree or a dormant tree on your hands? There are some things you can do to check!

  • Do you see any signs of budding? – A dormant tree will still have signs of small leaf buds in the dead of winter. They’re just waiting for spring to bloom. You’ll want to check each branch as branches with no buds or buds that are dry and shriveled could be signs of a dead branch and a tree in trouble.
  • Is your tree shedding its old bark and getting a new skin? – Just as leaves fall off and will grow back, tree bark does the same thing. Dormant trees will show signs of new bark, while a tree that is in trouble will show signs of shedding a layer but not replacing it. Be sure to also check for cracks in the trunk.
  • What’s under your tree’s twigs? – Grab a knife and scratch off a spot on a twig on your tree. In a dormant tree, the twig should be moist and bright green, while a tree in trouble will show a brittle, brown layer. Try this on a few twigs around the tree to get a complete view of your tree’s overall health. Another test you can perform is to bend a few twigs. If they break and are crunchy, they’re dead branches.

If you’re looking for a knowledgeable and great team to care for your trees, contact Noah’s Park Tree Care at (775) 376-0917. They offer winter inspections to help you identify if your trees are healthy and how to ensure they grow strong come the spring!

 

If you’d like to stay up to date on what’s happening around Reno, follow our blog, and if you have questions about the Reno real estate market, contact the David Morris Group. We’re happy to be your helpful guide. Give us a call at (775) 828-3292.

 

 

 

David Morris Group - Local Businesses that Make Great Gifts - Reno Small Businesses - Shop Local in Reno Nevada - Reno Real Estate - Reno Businesses

Local Businesses that Make Great Gifts

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David Morris Group - Local Businesses that Make Great Gifts - Reno Small Businesses - Shop Local in Reno Nevada - Reno Real Estate - Reno Businesses

Hoping to spend more time shopping local in 2022? There are some amazing local businesses that offer some phenomenal gifts everyone would love to receive in the new year. Check out our guide to local businesses that make great gifts and treat your loved ones (or yourself) to something unique.

Toys for Children and Children at Heart

  1. K/D Empire – 433 Pyramid Way
  2. Kelekia Toys and Gifts – 3886 Mayberry Dr.
  3. Learning Express Toys – 197 Damonte Ranch Pkwy D.
  4. The Lark – 538 W. Plumb Ln. Ste. C
  5. Toys N More – 4809 Kietzke Ln. Suite C.

For the Art Lover

  1. Art House – 255 Crummer Lane
  2. Nevada Fine Arts – 1301 S. Virginia St.
  3. Wedge Ceramic Studio – 2095 Dickerson Rd.

For the Sustainable Shoppers and Carbon-Conscious

  1. Down to Earth Composting
  2. Replenish Refillery and Gift – 50 S Virginia St. Suite 3
  3. Sierra Water – 2055 Dickerson Rd.
  4. Waste Less Shop – 7300 Rancharrah Pkwy Suite 120

For the Old Soul and Vintage Collector

  1. Bad Apple Vntg – 1001 S Virginia St.
  2. Junkee Clothing Exchange and Antique Store – 960 S. Virginia St.
  3. Red Chair – 3400 Lakeside Dr.
  4. The Nest – 201 Keystone Ave.
  5. The Vassar House – 221 Vassar St.

For the Avid Readers and Music Aficionados

  1. Golden Owl Bookshop
  2. Grassroots Books – 660 E Grove St.
  3. Recycled Records – 822 S. Virginia St.
  4. Sundance Books and Music – 121 California Ave.

For the Fashionista

  1. Nomad Boutique – 736 S. Virginia St.
  2. Sierra Belle – 726 S. Virginia St.
  3. Wildwood Trading Post – 733 S. Virginia St.

There is no shortage of amazing local businesses to support in the Reno area. When you have a birthday, celebration, or holiday that springs up, keep these businesses in mind. If you’d like to stay up to date on what’s happening around Reno, follow our blog, and if you have questions about the Reno real estate market, contact the David Morris Group. We’re happy to be your helpful guide. Give us a call at (775) 828-3292.

 

 

 

David Morris Group - Reno-Sparks Holiday Light Displays and Events - Christmas in Reno - Christmas in Sparks - Holidays Events in Reno - Holiday Events in Sparks

​​Reno-Sparks Holiday Light Displays and Events

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David Morris Group - Reno-Sparks Holiday Light Displays and Events - Christmas in Reno - Christmas in Sparks - Holidays Events in Reno - Holiday Events in Sparks

Twinkling lights and Christmas trees will soon be on display everywhere, just as radio stations will be playing the soundtracks of the classic Christmas crooners. Getting into the holiday spirit isn’t hard when you live in the Reno-Sparks area, and there are so many events and activities to keep your calendar full throughout December.

Holiday Light Displays

Holiday Events

We hope that your season is merry and bright! Spend some time enjoying the twinkling lights and the various holiday events that Northern Nevada is known for. If you need any recommendations on the best holiday celebrations around town or if you’d like to talk about buying or selling a home in the new year, contact the David Morris Group. We’re happy to be your helpful guide. Give us a call at (775) 828-3292.

 

 

 

 

David Morris Group - New Home Builds - Increased Costs and Longer Timelines - New Home Construction in Reno - New Home Builds in Reno NV - New Homes for Sale in Reno

New Home Builds – Increased Costs and Longer Timelines

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David Morris Group - New Home Builds - Increased Costs and Longer Timelines - New Home Construction in Reno - New Home Builds in Reno NV - New Homes for Sale in Reno

Across the nation, home building projects are increasing, and permits are being put in to expand communities. The same is happening in Northern Nevada, but the COVID-19 pandemic has put a strain on the supply chain, pushed back deadlines, increased costs, and made new home builds a lengthier and costlier process.

 

Reno home builders have received various letters alerting them to price increases on the materials they need to complete a project, price increases on labor and truck rental fees, and extended timelines to receive materials.

 

The pandemic accelerated the housing demand in Reno. In part due to Reno’s growing economy and ability to bounce back during hard times, the increase in millennials starting families and joining the home search, and the rise of remote working positions allowing people to live in cheaper cities while working for companies with headquarters in more costly states.

 

The need for new homes is only increasing, and the supply of homes on the market is at a standstill. Freddie Mac released an estimate at the end of 2020 that said the U.S. housing market was short 3.8 million single-family homes, roughly 50 years behind in supply levels needed to meet the long-term demand.

 

Unfortunately, builders are facing hardships to not only obtain the supplies they need but to find the workers they need to complete their jobs. Construction costs have increased roughly 20% to 25% in the last year and a half, and it’s not just lumber that builders are having a hard time getting their hands on. It’s vinyl, garage doors, concrete, appliances, and more.

 

While it is a challenging time for home builders, new developments are still in the works to meet the estimated population increase of 100,000 residents coming to the Reno-Sparks area in the next decade. This projection comes from the Northern Nevada Economic Planning Indicators Committee. There’s still a big push for new homes in the Reno area, and the Reno real estate market is expected to remain strong for the foreseeable future.

 

If you need more information on what this means for the Reno real estate market, or if you need to buy or sell a home in the current market, contact the David Morris Group. We’re happy to be your helpful guide. Give us a call at (775) 828-3292.

 

 

 

 

David Morris Group - The Best Yoga Studios in Reno - Yoga Studios in Reno - Yoga in Reno - Reno Real Estate Market

The Best Yoga Studios in Reno

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David Morris Group - The Best Yoga Studios in Reno - Yoga Studios in Reno - Yoga in Reno - Reno Real Estate Market

Yoga is known to help connect the mind and body and help those who practice yoga gain strength and stamina. Over the years, yoga has grown in popularity and become a well-practiced form of exercise. As it’s grown, various yoga studios have opened in Northern Nevada to fit the demand. Let’s take a look at some of the best yoga studios in Reno.

 

  1. Aspired Elements | 780 Smithridge Dr #300
  2. Eagle Fitness | 6295 Sharlands Avenue
  3. European Fitness Center | 2999 South Virginia Street
  4. Inspired by Purpose Wellness Center & Yoga Studio | 2910 Mill Street
  5. Juice Box Yoga | 631 Sierra Rose Drive | 1635 Robb Dr #3 | 1330 Scheels Drive F168
  6. Katie Louvat Yoga | 720 Tahoe Street
  7. Mountain Pose Yoga | 3677 Kings Row
  8. Pure Barre | 748 South Meadows Parkway
  9. Rishi Yoga | 1350 Stardust Street
  10. Serenity Studio | 2690 Lennox St
  11. Southrac | 9393 Gateway Drive
  12. Temple Yoga | 190 California Avenue
  13. The Studio | 1085 South Virginia Street
  14. The Yoga Center Reno | 720 Tahoe Street
  15. The Yoga Pearl | 2955 Vista Boulevard
  16. Union Studio | 360 Kirman Ave
  17. Yoga Loka | 6135 Lakeside Drive
  18. Yoga Pod | 13981 South Virginia Street

If you’re looking to make some healthy changes to your lifestyle in the new year, consider adding yoga to your routine. There are a vast number of health benefits to both your mind and body, and with so many styles, you’re sure to find a class, instructor, and studio in the Reno area that fits your needs.

Major types of yoga include:

  1. Vinyasa yoga
  2. Hatha yoga
  3. Iyengar yoga
  4. Kundalini yoga
  5. Ashtanga yoga
  6. Bikram yoga
  7. Yin yoga
  8. Restorative yoga
  9. Prenatal yoga
  10. Anusara yoga
  11. Jivamukti yoga

Each style of yoga focuses on something different, but all help to connect you with your mind and body. The best yoga studios in Reno offer classes and techniques that can help you achieve your health goals in 2022. If you need more helpful recommendations, or if you’d like to know what’s happening in the local real estate market, contact the David Morris Group. We’re happy to be your helpful guide. Give us a call at (775) 828-3292.

 

 

 

 

David Morris Group - November Events - Things To Do in Reno - November 2021 Events in Reno - Reno Winter Events

November Events

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David Morris Group - November Events - Things To Do in Reno - November 2021 Events in Reno - Reno Winter Events

November always feels like the true start of the holiday season in Reno. The crisp mornings and the potential for snow to dust the walkways brings some holiday cheer. In between your Thanksgiving preparations, be sure to check out some of the November events happening around town!

 

This is just the start of the holiday events happening in the Reno-Sparks area. If you need more ideas on what events you can attend throughout November, or if you’d like to know what’s happening in the local real estate market, contact the David Morris Group. We’re happy to be your helpful guide. Give us a call at (775) 828-3292.

 

 

 

 

David Morris Group - Could You Be the Next Copper Knolls Resident - Copper Knolls Real Estate - Homes for Sale in Copper Knolls - Copper Knolls Houses - Somersett

Could You Be the Next Copper Knolls Resident?

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David Morris Group - Could You Be the Next Copper Knolls Resident - Copper Knolls Real Estate - Homes for Sale in Copper Knolls - Copper Knolls Houses - Somersett

Located in the Somersett area lies the picturesque neighborhood of Copper Knolls. With beautiful mountains surrounding the community, each home has a dazzling view to offer residents. The gorgeous scenery is but one of the things to love about the charming community of Copper Knolls.

Homes

Single-family homes in the Copper Knolls area average about 2,156 to 2,899 square feet and feature two to four bedrooms. As a community that was built in the early 2000s, it’s a newer development in the Reno area. Homes are located between the Somersett West Park and the Somersett East Park on lots that range from 0.19 to 0.37 acres.

Amenities

Just minutes from the Copper Knolls neighborhood lies the Somersett Golf and Country Club, where residents can enjoy many amenities and a panoramic view. The nearby parks also offer the neighborhood a ton of green space to explore as well as basketball courts, a playground, and picnic areas.

 

For anyone looking to explore the boutiques, coffee shops, restaurants, and nightlife of Downtown Reno, Copper Knolls is just under 10 miles away. That also means that anyone commuting to Downtown Reno for work only has a 15-minute drive.

Schools

Schools serving the students in Copper Knolls include George Westergard Elementary School, B.D. Billinghurst Middle School, and Robert McQueen High School — all a part of the Washoe County School District. The public charter school, Coral Academy of Science, offers an alternative to the Washoe County School District.

 

Copper Knolls is a tight-knit community that Reno residents love to call home. If you have any questions about what we love about the community or which homes in the neighborhood are currently on the market, contact the David Morris Group. We’re happy to help you begin your home search. Give us a call at (775) 828-3292.