Reno Home Blog

Layout fixed! thank-you for your patience

Pardon me for the delays in the market reports.  The past two days have been spent trying to fix the layout problems(for those using Internet explorer browser).

 

Thank-you for your patience.

Calabria Homes By KB HOME: For Reno Home Buyers

Calabria Homes At Damonte Ranch

"It is my understanding that there is no standing inventory.  I know they had a very busy weekend, selling nine (I believe) with additional incentives."

I Talked to Rita from KB home Damonte Ranch (located in south Reno) this morning and asked her to send me a list of their standing inventory.  Standing inventories are a great way to negotiate when getting into a new home.  Builders are usually more flexible with them simply because the home is already 'standing' up and vacant.

She replied:   
    " It is my understanding that there is no standing inventory.  I know they had a very busy weekend, selling nine (I believe) with additional incentives."

Whew, nine homes sold in a weekend?  that's pretty good!  Buyers, it might be good time to buy now esp. in developments like Calabria by Monte Serno where  you are near everything but not too near- the location is very desirable.

The reason I say this (buying now) is demand is already picking up since Jan 21 2008, And if this continues home prices will eventually catch up and bottom.  If you wait too long the builder's incentives might not be there anymore.

If you are thinking of buying and does not have a specific area in mind (yet), Calabria at Damonte Ranch is a great place to start looking for your dream home.  And Joe (775-338-7653) will be more than happy to show you around =) [we've had two clients get their dream home at Calabria]

Here are the latest prices:

                         Calabria at Monte Sereno by KB HOME

 

• Plan 1:  prices are from $207,400 -  $314,900 (call Joe to ask for specific prices)

    1840 sq ft    single story      2 car garage
     3 or 4 bedrooms 2 baths
     Bedroom 4 option, living and dining

• Plan 3: prices are from $207,400 -  $314,900 (call Joe to ask for specific prices)

    1958 sq ft  2 story - 2 car garage
     3 or 4 bedrooms 2.5 baths
     Loft or Bedroom 4 option, living,dining & family room

• Plan 4:  prices are from $207,400 -  $314,900 (call Joe to ask for specific prices)

     2452 sq. ft.    2 story    2 car garage
    3 or 4 bedrooms 2.5 baths
    Loft or Bedroom 4 option, living,dining & family room

       

• Plan 5:  prices are from $207,400 -  $314,900 (call Joe to ask for specific prices)

    2566 Sq. Ft.    2 story    2 car garage
    3 or 4 bedrooms 2.5 to 3 baths
    Den or Bedroom 4 option, living,dining & family room

• Plan 7:  prices are from $207,400 -  $314,900 (call Joe to ask for specific prices)

     2446 Sq. Ft.    Single story   enlarged garage
     4 or 5 Bedrooms,  2.5 baths 
     enlarged garage or bedroom 5 option

• Plan 8: prices are from $207,400 -  $314,900 (call Joe to ask for specific prices)

      2786 square feet   2 story   3 car garage
      4 to 5 bedrooms,      2.5 to 4 baths
      Bedroom 5, loft, Bonus rm, Junior master, studio options

• Plan 9:  prices are from $207,400 -  $314,900 (call Joe to ask for specific prices)

       3102 square feet   2 story    3 car garage
       4 to 5 bedrooms,    2.5 to 3 baths
       Den, Bedroom options, Living, Dining, & Family room

• Plan 14: prices are from $207,400 -  $314,900 (call Joe to ask for specific prices)

       1667 sq ft     single story    2 car garage
        3 bedroom, 2 baths, great room

• Plan 15:  prices are from $207,400 -  $314,900 (call Joe to ask for specific prices)

        1776 sq ft     single story     2 car garage
         3 or 4 bedrooms. 2 baths,
        Great room, Den, 4'th bedroom options

                                     Ravenna at Monte Serno by KB Home

• Plan 1:  prices are from $207,400 -  $314,900 (call Joe to ask for specific prices)

          2046 sq. ft.     Single Story     2 car garage
          3 or 4 bedrooms,     2 baths
          Den option,Living,Dining, & Family Rooms

• Plan 2:  prices are from $207,400 -  $314,900 (call Joe to ask for specific prices)

          2290 sq. ft.   2 story   2 car garage
          3 to 5 bedrooms    2.5 to 3 baths
          Den or loft option, Living, Dining & Family Rooms

• Plan 3:  prices are from $207,400 -  $314,900 (call Joe to ask for specific prices)

          2305 sq. ft.  Single Story   2 car garage
          3 or 4 bedrooms     2 baths
          Den option, Living, Dining, & family rooms

• Plan 4: prices are from $207,400 -  $314,900 (call Joe to ask for specific prices)

         2464 sq. ft.    2 story, 3 car garage
         4 or 5 Bedrooms  2.5 baths
         Living, Dining,, & Family Rooms
         Super Family Room, Den options

• Plan 5: prices are from $207,400 -  $314,900 (call Joe to ask for specific prices)

         2958 sq. ft.   2 story   3 car garage
         3 to 6 Bedrooms   2.5 to 4 baths
         Living,Family and Dining Rooms
         Den, Retreat, Bonus Room, Junior Master Options

• Plan 6: from $256,900

         1840 Sq. Ft.  Single Story  2 car garage
         3 or 4 bedrooms   2 baths

• Plan 7: prices are from $207,400 -  $314,900 (call Joe to ask for specific prices)

          1667 sq. ft.  Single Story  2 car garage
           3 bedrooms    2 baths   Great room

• Plan 8: prices are from $207,400 -  $314,900 (call Joe to ask for specific prices)

          1776 square feet  Single Story   2 car garage
          3 bedrooms   2 Baths   Great Room     Den

For more information call Joe: 775-338-7653

Good posts

photo by: .krish.Tipirneni.

1.   I never was passionate about the whole issue of Trulia, Red Fin and those companies 'stealing' our business.  I always believed that these companies were inevitable creations by the Internet age we live in and ultimately it was up to us agents how we will innovate and thrive on the new trends.  But Ryan Ward of  Atlanta Real Estate blog made some good points against it:

See: Atlanta Real Estate

    2.   This will be the most Top 5's I will ever see in my life.

           See: Newsome.org

    3.   What would you do if you got a vicious attack on your computer by a trojan virus that              left you feeling like a deer-staring-at-headlights? (It has happened to me three         
            times)

           Well, according to Diego Orjuela you can call his tech company and be helped for $0.99/minute  and if they can't solve it-it's free! Phil Gerbyshak share his interview with Diego.

See: MinuteFix interview

    4.  Stephen J. Dubner of freakonomics has an interesting link about some people against some practices of NAR(National Association of Realtors).  Ouch, I'm a member of course but maybe we can learn something from this article.

          See: Freakonomics

   

    5. Dustin Luther (he started this site that became the gold standard for real estate bloggers ) freely expresses his thoughts about our real estate industry.

          See: authentic real estate management

 

How I Accidentally Found The Reno Real Estate's Market Bottom: I need your help...

'A beautiful accident'  Photo by: Marta P.

I was doing my usual Reno market updates when I accidentally found something what appears to be the best evidence that will prove that the reno real estate market bottom is not far from from us.

Every month I make an update on what the Reno real estate is doing.  I usually choose the two-year option. Meaning,  all the statistics in our market in the past two years will be presented to me.  But this time I accidentally chose the six-month option rather than the two-years. 

What happened was I saw in detail what was happening in the Reno real estate market for the past six months rather than two years.  I got the surprise of the year when I saw what this presented to me.  I saw clearly how the demand of homes in Reno was going up since Jan 21,2008.

(notations added)
 Click Here For Full Page View

                                       ------------------------------------------

"I understand the possible howls in the air: ' O come on, Realtors, of course, you would always see the bright side'."

                                       ------------------------------------------

Before seeing this, I thought that the increase in demand in our market for the past few months was only because we were approaching summer.   'And  this is nothing new', I though to myself.

But notice what the graph clearly shows us:  Even before summer hit, demand was already picking up!
 

This I failed to see on the two-year graph:

 Click Here For Full Page View

I understand the possible howls in the air: ' O come on, Realtors, of course, you would always see the bright side'.

And with all the respect for Lawrence Yun, I can't blame the people for doubting the statements issued from our industry. Most of us have been incorrectly 'predicting' the market.

But Know that Ian and I wrestled with this data for two weeks. And we're still not content with what we think this might be. That's why I made this blog post.

Help me. What's your interpretation? Let's wrestle with the data. And maybe just maybe we can all get something from this and pass this much needed information to our clients especially buyers.

Shameless Plug: Why I Could Be The Realtor To Help You Sell Your Home

 

        “In Selling Real Estate,Timing Is Everything”

Hello!

I am Joe Salcedo and I want to share with you how I can sell your home. I won’t disrespect your time by giving you a lengthy ‘sales talk’; I promise.

I want to explain to you what’s been going on in the Reno real estate market (two graphs attached,see page 2). I passionately believe that knowing what the market is doing should be priority one for every seller. For example, I know someone who lost $25,000 because she did not understand what the market was telling her, and did not sell at the right time. The market can be ruthless if we do not listen to what it is telling us. In selling real estate, timing is everything.

I won’t advertise myself as the ‘super agent’ who has all the answers; because I don’t. But I think I can help you understand the market just a little bit better. This, ultimately, could save you a lot of money and heartache while selling your home.

W h a t ' s   h a p p e n i n g   I n   R e n o :

Click here: Reno Real Estate-Supply

Click here: Reno Real Estate-Demand

Quick Points:

• The Reno Market is still in a downward trend.

• The number of homes in the market goes up significantly in the summer months.

• Buyers of homes are more active in the summer months.

• Sellers are not confident about the strength of the market. They are waiting for prices to go up. But it is worth mentioning that the data I researched on January 2008 tell us that 33% of homes SOLD in reno are in the $250-$350K range (graph available upon request). And the data tells us the same story the past two years. Yes, the buyers have not been as active but the price range of $250K-$350K are still selling faster than any other price range.

T e s t i m o n i a l s :

“Joe Salcedo is very reliable and trustworthy. The people that had helped me were people of   integrity. I had great experience with them. I will definitely do business with them again.”

  -ANGELO & ANALIZA AUSTRIA. 775-830-0653

“I highly recommend Joe Salcedo as a hard working Realtor with integrity.  Joe is very professional and went the extra mile in helping me sell my condo.   If you need someone you
can trust to get you the best deal, Joe’s your man.”

-PHILIP DUANE JOHNCOCK, Satisfied Client..

Call Joe today for a No Obligation 30 minute Consultation!
775-338-7653 No sales tactics. No sales pressures whatsoever

• I will explain in detail the three most important things that I tell my sellers about price,showings and market knowledge (you'll be surprised how simple it is).

• Let's talk about the market condition in your area, based on the market not merely on my opinion.

•     I'll be giving you an in-depth report of your area: number of homes for sale,number of homes SOLD and median prices of homes SOLD.

• I will give you a FREE property profile of your home (comparable sales, historical profile of your property, neighborhood properties and community profiles!)

• I can't promise to take every listing. What I can promise you is I will listen to your needs and give you my honest suggestion on your situation based on your needs, whether you list with me or not.

How to Reach Me

Joe Salcedo

Cell: 775-338-7653 

Office: 775-850-5900

Email: jsalcedo@chaseinternational.com

Website: www.RenoHomeBlog.com

Office website: www.ChaseInternational.com

Office Address: 985 Damonte Ranch Pkwy Ste.110 Reno,NV

Office Website: http://ChaseInternational.com