Southwest Vistas Listings Increase in Value (Reno, NV)

Posted on Thursday, August 20th, 2015 at 4:10pm.

Keeping track of home prices in Southwest Vistas? This post has key statistics and insights into the market in this community, which features fantastic mountain views and a short commute to Arrowcreek Country Club and Wolf Run Golf Club.

 

What's My Home Worth?

 

Southwest Vistas Housing Market Summary

Reno - Southwest Vistas 1st Half - 2014 1st Half - 2015 % Change
Number of Homes Sold 9 4 -56%
Average Days on Market 39 42 8%
Highest Price $ 899,000 $ 725,000 -19%
Lowest Price $ 450,000 $ 555,500 23%
Average Home Price $ 545,944 $ 619,500 13%
Median Home Price $ 500,000 $ 598,750 20%
Sold Price / List Price % 98.0% 96.4% -2%

 

Summary of Market Statistics

  • Number of homes sold - The number of homes sold in this area decreased from nine to four between the first half of 2014 to the first half of 2015.

  • Median Home Price - In this period of time, median home prices in Southwest Vistas were about twice the median in Reno, which hovered around $250,000. Prices in Southwest Vistas increased nearly 20%, or almost $100,000, by the first half of 2015.

  • Sold Price / List Price % - This metric, which decreased nearly 2%, shows that buyers negotiated slightly more effectively as listing prices increased.

High and Low Home Price Summary

  • 1st half of 2015 Highest Priced Home Sold - This listing at 6872 Marble Canyon is a three bedroom, two bathroom home of 2,376 square feet. Built in 2003, it features a manicured yard and a four car garage.

  • 1st half of 2015 Lowest Priced Home Sold - Built in 2000, this one story residence at 5818 North White Sands Road contains three bedrooms and two bathroom. The garage accommodates three cars. Large windows and sliding glass back doors provide lots of natural light.  

  • Currently Listed - Highest Priced Home Sold - This 5,912 square foot listing at 5366 Ventana Parkway has four bedrooms, five bathrooms and a six car garage. Lavishly decorated, it features a theater, a wine room and an imported bar.  

  • Currently Listed - Lowest Priced Home Sold - Situated at 5028 East Albuquerque, this 2,295 square foot listing features four bedrooms, three bathrooms and extensive hardwood flooring. The backyard is professionally landscaped.

Southwest Vistas Listings- Active and Sold

We update our current listings every day and maintain records of homes sold on our site in the last 180 days. Open these links to review listings with descriptions and photos:

Professional Guidance

We help home buyers and sellers in the Southwest Vistas community from our office in Reno, NV. If you have questions or need further assistance in any of these areas, please give us a call!
 

Additional Resources

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