I thought I would share the highlights that we were told at a Dickson meeting on Lithium in Nevada. Nevada contains enough lithium to meet the growing demand for 100+ years! Extracting minerals from the many mines in Nevada is at least 3 years away. The BLM has approved the mine at Thacker Pass. Geologists says the area hold the largest lithium deposit in the world. It’s estimated there is $3.9 billion worth of recoverable lithium. The Silver Peak Lithium Mine in Clayton Valley is only active lithium production site in the United States. They are working to expand their output. Lack of infrast ..read more

Below is a super article by Dickson Realty Northern Nevada about the luxury trends in the Reno/Sparks and Incline areas. Luxury Trends: 2nd Quarter 2023 by dicksonrealty- Issuu The post Luxury Trends 2023 2nd Quarter by Dickson Realty Northern Nevada appeared first on Montreux and South Reno Real Estate, Properties and Homes ..read more

In the past few months there has been a rise in Vacant land fraud or if you own a rental they try and tell it with out you being aware of this.   It begins with a phone call from an individual, who usually is from another State and is always in some sought of distress. Either they are in hospital or there has been a death in the family and they need to sell their property quickly and below market value. Some of the red flags to look out for are: • Seller purports to be in another state or country • Seller is in a rush to close and is willing to sell for a price that seems undervalued ..read more

We ask ourselves, why is the Reno housing market booming while in the midst of a pandemic and high unemployment? Steadily shrinking supply coupled with steadily rising demand, has home prices setting new records, with multiple offers common on many properties.  From 2010 to mid 2020, the median home price rose 61%, to reach $295,300.  The city of Reno saw the biggest pop in housing as it posted a new record for median price at $459,900, according to the latest numbers from the Reno/Sparks Association of Realtors. The July median price represents a nearly 11% increase from June, and a ..read more

  – Luxury Property located St James Village – $3,250,000 – 4 Bed /3 Bath /  2 Half Bath/ 2 Offices 4 Car Garage -1.92 Acre with Mountain Views -5,031 Square Feet – Click Picture for More Details Location, Location, Location!: 38 Bennington Court Nestled in the pine and aspen trees of St. James Village on 1.92 acres, a spacious mountain paradise with expansive views and breathtaking sunsets, wonderful wildlife encounters and outdoor adventures like no other is this magnificent Lodge Style home. The Main floor centers around the great room open to a spacious kitchen with top-of-the ..read more

Nevada the Most Moved-to State in Early 2021 Reno has became the top state with the highest share of cash sales in the nation so far this year. 51% of home sales in Reno where cash sales. Nationwide, the share of cash sales was 20%. This speaks for itself on our market here in Reno where cash is king and homes sell in days, or even hours, and usually have multiple offers. Will Reno reach $600,000 for the median price of a single-family house this year? That’s the question among real estate watchers as The Biggest Little City posted yet another record for the median sales price of an existing s ..read more

Tesla, run by billionaire CEO Elon Musk, intends to produce high volumes of semitrucks and make enough cell batteries for 2 million light-duty vehicles annually in Nevada. They will be investing over $3.6 billion more to continue growing Gigafactory Nevada, adding 3,000 new team members and two new factories: a 100 GWh 4680 cell factory (with capacity to produce enough batteries for 1.5 million light duty vehicles annually), as well as the first high-volume Semi factory.  The details of any potential tax breaks for Tesla’s $3.6 billion expansion of its Nevada factory will remain secret un ..read more

Luxury sales have increase immensely in the past few weeks. Why? It is a well-known fact that affluent people spend their money on traveling and dinning, and as a result of Covid, this is not the case; instead, many are looking to purchase a second home.  Additionally, many are fleeing urban areas such as the Bay Area to find new residence in smaller, more comfortable areas like Reno.  The criteria they are looking for are amenities: Pools, tennis courts, home offices, outdoor space and larger square footage in their homes. With low interest rates, this is all extremely attractive, h ..read more

The Biggest Little City has set a new record for the median home price: $630,000. This is for stick-built single family homes in Reno and does not include condominiums, manufactured homes or new homes. With the Federal Reserve raising interest rates by half a percentage point last Wednesday, the biggest hike in more than two decades to combat inflation, one has to wonder whether Reno’s sharp uptick will be sustainable in the future.  We are seeing the market starting to return to more normal levels as mortgage rates increase and inventory begins to increase, giving buyers a greater choice ..read more

The Mount Rose Scenic Byway connects 23 miles of SR 431 from Lake Tahoe to Reno. The Mount Rose Highway reaches an elevation of 8,911 feet, the highest pass in the Sierra that is maintained year-round. Home to numerous developed and informal recreation areas, the Corridor is also rich in history and culture. Named the “Highway to the Sky” when construction began in the early 1950’s, the Byway passes primarily through National Forest lands filled with exceptional beauty. Mountain peaks and valley floors, forests and meadows, a vast array of plants and animals, unusual geology and the dazzling s ..read more