David Hughes' Blog: All Categories

With over 300 earth quakes in the last 60 days, you can see why the residents of Reno and Sparks are a little on edge. The swarm of quakes has been centered on the west end of town in the Mogul - Somersett area. So far the biggest one was a 4.7 last Friday night, wreaking havoc on the shelf items in grocery stores. One of the biggest hit was Whispering Vine wine shop in Somersett.  They lost over 300 bottles of wine.

Most residents did experience some varying degree of damage from pictures falling to a lot of cracks in sheet rock. The concern with the pattern of these quakes is that they are steadily getting larger, whereas most large quakes will be followed by smaller after shocks.   Residents have been warned to be prepared for a larger one, while… Read Full Post

Can you say the largest public works project in the history of the City of Sparks? The cost of this park is $30 million dollars and is on 140 acres.  Sparks again is proving itself not to be riding on the coat tails of its big brother Reno. As the old saying goes “Reno is so close to Hell you can see Sparks”. Well my friend, Sparks is a force to be reckoned with, and this new park is another notch in little brothers belt.

It has 1.4 million square feet of synthetic turf, the largest amount in the world, and is located just past the gates of Wingfield Springs on Vista Blvd. This will help the lagging Sparks Real Estate market and will be a shot in the arm to the Sparks economy. The park features 6 softball fields, 2 baseball fields and 3 multi purpose… Read Full Post

Infosearch International conducted a phone survey of 700 residents and about 80% feel traffic and congestion have increased over the last couple of years in the Reno area. The majority of this traffic is at the spaghetti bowl, 395 and Pyramid Highway. With a 5.2 billion dollar shortfall over the next 30 years, over 60% of the respondents would vote for increased registration fees for developers and an increase in sales tax. Gee, I wonder if they would pass that fee along to the consumers when they buy houses.

I agree with the developers having to shoulder some of this burden, but what about those big buildings with all the lights that make money from that big vice called gambling?  I’m sure they would like nice roads for their customers to drive on so… Read Full Post

I just listed 1895 Dove Mountain. This home has some of the nicest finishes of any home in Somersett. How about a full size movie theater with over $60,0000 in sound and video equipment, after your movie make yourself a latte from your Miele built in bistro machine. The style of the home is what everyone is looking for, 4000 square feet all on one level with outstanding views of the championship golf course and the entire Somersett Valley. This home was also featured on the Step 2 Home for the Holidays tour and once you see it you will know why. Kitchen has a commercial 6 burner range with griddle, Hickory floors with a pecan finish, 3 dishwashers, 2 warming drawers and an oversized island with built in cutting board. All the custom cabinets and iron… Read Full Post

This will give Somersett residents another way to get in and out of the development, it will extend through the Del Webb Sierra Canyon neighborhood and come out on the old highway 40 in Verdi. The traffic in Somersett is predicted to triple over the next two decades and this should alleviate some of the congestion. The current traffic volume on Highway 40 is 6,000 trips a day and will go to 18,000 by 2030. This is not good news to some of the residents in Mogul and Verdi who think it will be a recipe for disaster without improvements to connecting roads. If you have concerns you can contact the Verdi Township citizen’s Advisory board and voice your concerns.

 

 

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• Phase One - The bottom, Real estate is a bargain.
• Phase Two - Prices start to climb, buyers start to notice, demand drives prices up, real estate becomes over valued
• Phase Three - Prices peak and level off
• Phase Four - Prices begin to fall, demand falls, buyers hold off until real estate is under priced again

We are currently in the last stages of phase 4 with the National Association of Realtors predicting a bottom 6 to 9 months into 2008 and home prices will remain flat for a period of time after that. We are also anticipating that there are buyers waiting for the bottom to hit which could invigorate the market more quickly. Home builders will continue to decrease inventory so by…

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