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Commercial Real Estate | Better Homes and Gardens Real Estate Drakulich Realty Blog

Wednesday, February 26, 2020   /   by Callie O'Brien

Drakulich Realty News: Reno Market Report: 2/26

The Market by the Numbers 
Median List Price: $599,000
Price Per Sqft: $242
Days on Market: 116
Price Decreased: 33%
Price Increased: 6%
Relisted: 6%
Inventory: 419
Median Rent: $1,950
Most Expensive: $14,999,000
Least Expensive: $145,300
Market Action Index: 47 (Strong Seller’s Market)


The Market by the Quartiles
Top 25% of Properties:
Median Price: $1,349,500
Sqft: 4,289
Lot Size: 1 – 2.5 acres
Beds: 4
Baths: 4
Age: 18
Days on Market: 225
Upper-Middle 25% of Properties:
Median Price: $738,995
Sqft: 2,938
Lot Size: .25 - .5 acres
Beds: 4
Baths: 3
Age: 15
Days on Market:102
Middle-Lower 25% of Properties
Median Price: $497,500
Sqft: 2,197
Lot Size: 6,500 – 8,000 sqft.
Beds: 3
Baths: 2
Age: 18 
Days on Market: 74
Lowest 25% of Properties:
Median Price: $324,999
Sqft: 1,557
Lot Size: 6,500 – 8,000 sqft.
Beds: 3
Baths: 2
Age: 22
Days on Market: 63 ...

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Wednesday, February 19, 2020   /   by Callie O'Brien

Drakulich Real Estate Tips: Micro Real Estate Investing

From house flipping television shows to the Zillow app on cellphones, home buying has become a part of our culture, but for many real estate investing is still out of reach. 

But since the Tax Cuts and Jobs Act of 2017 relaxed regulations on direct-to-consumer security sales, a new trend called micro-investing has added a new wave of investors to the real estate market. Micro-investing allows consumers to buy shares of properties and customize portfolios, for as little as $5. 

“The best portfolios are diversified, and real estate performs very uniquely, in a way that is uncorrelated to the stock market and bonds… We want to offer the same asset class at a lower price point,” said Janine Yorio, founder and chief executive officer of a New York City-based real estate micro-investment app called Compound, which sells properties at a profit for investors.

The model is similar to the traditional real estate investment trust (REIT), but micro-investing c ...

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Thursday, February 13, 2020   /   by Callie O'Brien

Drakulich Real Estate Tips: Our Reno Recommendations!

Here are our top Reno places to get food or drinks!