South Meadows Housing Summary 1st Half 2014 to 1st Half 2015 (Reno, NV)
If you live in South Meadows or are considering buying a home in this area, you may want to know more about local housing conditions. This post has key statistics and insights into the current Reno-South Meadows real estate market.
Reno - South Meadows Real Estate Statistics
|Reno-South Meadows||1st Half - 2014||1st Half - 2015||% Change|
|Number of Homes Sold||236||312||32%|
|Average Days on Market||91||82||-10%|
|Highest Price||$ 565,000||$ 721,500||28%|
|Lowest Price||$ 165,000||$ 196,875||19%|
|Average Home Price||$ 293,066||$ 328,915||12%|
|Median Home Price||$ 285,000||$ 315,000||11%|
|Sold Price / List Price %||98.5%||99.1%||1%|
Summary of Market Highlights
Number of homes sold - The number of homes sold in South Meadows has jumped by nearly a third from the first half of 2014 to the first half of 2015, outpacing other parts of Reno.
Median Home Price - At the same time, median home prices in South Meadows increased at a rate of 11%.
Sold Price / List Price % - Sales are being negotiated 1% closer to their asking prices than they were last year.
Highest and Lowest Priced Homes Sold
1st half of 2015 Highest Priced Home Sold - The spacious four bedroom, five bathroom listing at 2665 Brentina Court has a distinctive floor plan and is home to an expansive backyard. This home is a large (4,268 square feet) two story, 4 bedroom, 4.5 bath home with a 5 car garage!
1st half of 2015 Lowest Priced Home Sold - The lowest priced single family home sold in the South Meadows during this time was 1225 Tule Drive. This property was sold at $196,875 and was 4 bedrooms, 2 bathrooms, and two stories packaged into 1,675 square feet which is pretty tight.
Currently Listed - Highest Priced Home Sold - Located in a gated community, this 4,338 square foot home at 2675 Friesian Court contains five bedrooms and five bathrooms. It features high ceilings, three stone fireplaces and an indoor theater.
Currently Listed - Lowest Priced Home Sold - Large windows let lots of natural light into this 1,272 square foot residence at 9694 Truckee Meadows Place. This listing features two bedrooms, two bathrooms, a two car garage and a fireplace.