Most lots in Galena Forest Estates are minimally landscaped. A sparse forest of Ponderosa pine makes this community feel less like a development and more like part of the Sierra Nevada dotted with large, well planned homes perfect for entertaining guests. Residents of these homes are perfectly situated for access to multiple outdoor opportunities and to all the amenities that Reno has to offer. Ski at Mount Rose, a 15 minute drive. Spend an evening at Downtown Reno, a 30 minute drive. A day trip to Lake Tahoe takes just a little over an hour.
If you want to be a resident of Galena Forest Estates, read on! This post has key statistics and insights into the current real estate market in this area of Reno.
Summary of Market Statistics
|Galena Forest Estates||3rd Quarter - 2014||3rd Quarter- 2015||% Change|
|Number of Homes Sold||1||8||700%|
|Average Days on Market||76||64||-16%|
|Highest Price||$ 749,000||$ 2,050,000||174%|
|Lowest Price||$ 749,000||$ 600,000||-20%|
|Average Home Price||$ 749,000||$ 840,0620||12%|
|Median Home Price||$ 749,000||$ 665,000||-11%|
|Sold Price / List Price %||100.0%||96.1%||-4|
Number of homes sold - In the last six months, the number of homes sold jumped 700% - from one home to eight homes.
Median Home Price - In that period of time, the median home price dropped 11%, to $665,000. That figure is still over three times the price of the average home in Reno.
Sold Price / List Price % - Sellers are realizing asking prices about four percent lower than they were when only one residence was for sale.
High and Low Home Price Summary
Most Recent Highest Priced Home Sold (last 6 months) - The 3,263 square foot residence at 210 North Big Sage Lane sold for $1,065,000. Featuring three bedrooms, three bathrooms and a three vehicle garage, the house is situated on a 1.01 acre lot that is more landscaped than many of the others. The residence itself is well planned. Each room is spacious and lit by large windows. This listing features a tile floor and kitchen with boldly figured stone counter tops.
Most Recent Lowest Priced Home Sold (last 6 months) - Sold for $412,000, the house at 350 Douglas Fir Circle features three bedrooms, two bathrooms and a two vehicle garage. Built in 1989 with the display of traditional materials in mind, the house features partial brick construction, exposed wooden rafters and a stone fireplace and flooring.
Currently Listed - Highest Priced Home - Built in 1998, this 3979 square foot home at 1005 Yellow Pine is situated on a wooded lot of a little more than an acre. It features four bedrooms, four bathrooms and a four vehicle garage. This listing features a great room with a hand-painted glass ceiling, a deck and a wine room. The asking price is $1,269,000.
Currently Listed - Lowest Priced Home - The residence at 405 Black Pine Court covers 2,402 square feet on a .62 acre lot. Built in 1981, it features four bedrooms, three bathrooms and a two vehicle garage. The residence features wood floors, a wood stove and a newly painted deck. The asking price is $485,000.