Are You Ready for the Black Friday of Real Estate in Reno-Tahoe?

Home Shoppers Chase International

Every year, Black Friday is a highly anticipated event for eager shoppers. Some prepare for weeks. They craft and refine a strategic shopping agenda, determine exactly when to arrive at each store, and create a wish list of discounted must-have items to purchase.

But what about buying a home? Is there a Black Friday for the home-buying process? It turns out, there is. According to a new study from realtor.comthe week of September 22 is the best time of year to buy a home, making it Black Friday for homebuyers.

After evaluating housing data in 53 metros from 2016 to 2018, realtor.com determined that the first week of fall is when buyers “tend to find less competition, more inventory, and the biggest reductions on list price.

The report explains,

“During the first week of fall, buyers tend to face 26% less competition from other buyers, and they are likely to see 6.1% more homes available on the market compared to other weeks of the year…nearly 6% of homes on the market will also see price reductions, averaging 2.4% less than their peak.”

What’s so different about the first week of fall?

George Ratiu, Senior Economist with realtor.com says,

“As summer winds down and kids return to school, many families hit pause on their home search and wait until the next season to start again…as seasonal inventory builds up and restores itself to more buyer-friendly levels, fall buyers will be in a better position to take advantage of today’s low mortgage rates and increased purchasing power.”

Learn more about how prices, listings and buyer competition stack up during the first week of fall in metro areas across the United States.

Bottom Line

If you want to take advantage of the Black Friday of home buying here in the Reno-Tahoe-Carson region, reach out to any of our agents to discuss the benefits of making your move this fall.

 

Posted on September 26, 2019 at 8:32 pm
Chase International Client Care | Category: Market Reports | Tagged , ,

Fall Fireplaces for Crispy Cool Reno-Tahoe Autumn Nights

Burgundy Estate Incline Village Chase International

Starting to feel the chill of the change in seasons? Cozy up to this stunning stone fireplace with 2.4 acres of private, lake view living in beautiful Incline Village, NV.

Tahoe East Shore Lakefront Chase International

Keep your backside toasty and your heart happy as you revel in the beauty of these incredible lake views. This one-of-a kind property is a dream come true for those who love the watersports life.

Montreux Luxury Estate Chase International

You’ll never want to get out of bed on those frigid fall mornings at this elegant estate. While away your weekends in this 13,000 square foot palacial home in prestigious Montreux, Reno, NV.

Modern Home Reno NV Chase International

Watch the first snow flurries fly from the comfort of this magnificent modern marvel. Poised like a sentry high above Reno, enjoy sweeping views of the Truckee River and downtown city lights.

Tahoe Cabin Chase International

The most elegant cabin kitchen you’ll ever eat in, enjoy fireside dining on those crisp autumn nights. You’ll love this gorgeous home on three acres, close to Tahoe City yet with a remote vibe.

South Lake Tahoe Lakefront Chase International

One of the most charming, intimate, lakefront lounges we’ve ever seen, curl up with a good book and a hot toddy to watch the leaves change. The artistry of the hand-chiseled trim is unbelievable.

South Lake Tahoe Waterfront Chase International

A mesmerizing water view, a comfy couch, a warm fire—what more could you ask for on a fine fall day. This mountain modern home offers elegant single-level living with opulent touches.

Old Clear Creek Mountain House Chase International

Enjoy treehouse living on almost 9 acres and watch the aspens change this fall. This spectacular property offers the look, feel and proximity of Tahoe with conveniences of Carson City.

Looking for a different fireside fall experience? Browse Reno-Tahoe-Carson homes for sale.

 

Posted on September 11, 2019 at 11:38 pm
Chase International Client Care | Category: Buyers, City Lights, Homes for Sale, Lake Living, Lake Tahoe Real Estate, Mountain Escape, Reno Real Estate, South Lake Tahoe Real Estate, The Adventurer, The Entrepreneur, The Traveler | Tagged , , , , , , , , , , , , , , , , , , , , , ,