October 2024 News from Soni's Corner - Reno | Tahoe | Overall & Hamilton Group

Family Fun at our local Ferrari Farm's Annual Pumpkin Patch

Hi dear Friends, Clients, and Colleagues,

Happy Fall Y'all!

October is feeling warmer than usual in our area! Fall chill in the air won't be hitting until next week when Reno and Tahoe get a bit of cold front, and I do feel many locals looking forward to the season changing. The leaves have begun to change colors, not fully, but it's beautiful to drive up Mount Rose highway to Lake Tahoe and see the vibrant yellows and reds of the Aspens.

My "nitty gritty" take on real estate right now: last month's Fed meeting which brought the drop in basis points brought some much needed positivity in the media around interest rates. The mortgage companies had predicted this and already dropped their brokerage rate points slightly before the media announcements, so the savvy buyers took advantage of that and locked in quickly. The first time we saw rates below 6% in quite some time! This past week they rose again, and showings have felt a slow down lag with that in mind. I do feel the market is difficult to pin point right now personally- some things I think will sell instantly may sit on market, while others I would anticipate sitting receive multiple offers. Location and price are crucial right now, so take the data seriously if you are a seller, and list where your professional can provide the most supporting data.

Many sellers are prepping to list their homes which historically the Fall season is more of a "break" in inventory, that feels to be the opposite right now. So buyers: sharpen those pencils! Some GREAT listing inventory is on the way and in the works.

Our "Re-Introduction to Reno" lifestyle video is out! You will be receiving a follow up email with that, and please feel free to share with any family or friends you wish would move to our area or see how great it truly is.

As always, I welcome a good catch up and market breakdown if you ever want to reach out.

Cheers,

Soni

Newly Offered:

9191 Graycliff Lane

Reno

$1,225,000

3
Beds

4
Baths

2,735
Sq. Ft.

Designer Home in The Cliffs at Somersett

This designer home feels like a model in the gates of the Somersett Cliffs combining stylish design and functional features. A comfortable, low-maintenance retreat. The wide plank engineered hardwood floors complemented by added recessed lighting, upgraded light fixtures, elegant chandeliers and pendants all bring a sense of refinement. The living room centers around a floor-to-ceiling tile fireplace, complete with a custom wood mantel and a gas fireplace. The open kitchen includes upgraded upper cabinets, extra storage beneath the island, and a spacious walk-in pantry. Two separate oversized sliders connect the interior to a covered patio with solar-powered string lights, perfect for enjoying the quiet, open space and mountain/foothill views behind the home. The low-maintenance yard is complete with full sprinklers and drip system, a dog run, and hot tub. The primary suite features an accent wall, upgraded carpet, and a spa-like bathroom with dual shower heads, floor-to-ceiling tile, and a walk-in custom closet with smart locks and built in shelving. Additional touches like plantation shutters, top-down blinds, and ample storage add to the home's appeal. Enjoy the Somersett amenities including the pool, clubhouse, golf and tennis courts minutes away.

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