We’re bombarded with real estate facts and statistics in the media, but have you wondered just how far your dollar goes when purchasing a home in Reno & Sparks? With this thought in mind I plan to provide a weekly report of 5 homes that closed escrow the previous week within a specific price range. Rather than focusing on a defined area, I’m searching a wide variety of neighborhoods. In the end I’m hoping to help readers develop a reasonable opinion of value as it relates to home size, age and location. Today, let’s look at homes that closed escrow around $600,000 in and near Reno & Sparks last week.
Reno / Northwest Suburban
List Price $589,000 / Sold Price $585,000
2200 Emerald View
This home consists of 2,334 SF, 4 bedrooms, 2.5 baths and a 3 Car Garage. The home was built in 2002. Great condition, big city/valley views. It was on the market for 32 days.
Reno / Galena Estates
List Price $584,900 / Sold Price $584,900
This home consists of 2109 SF, 3 bedrooms, 2 baths and a 2 car garage. The home was built in 1994, nice/bright floor plan with valley views. It was on the market for 81 days.
Reno / Caughlin Ranch
List Price $649,000 / Sold Price $620,000
3865 Chinook Creek
This home consists of 2768 SF, 3 bedrooms, 2.5 baths and a 2 car garage. Built in 1991 it’s in nice condition in a coveted location. This home was on the market for 61 days.
Sparks / E Spanish Springs
List Price $619,900 / Sold Price $620,000
This home consists of 2,496 SF, 3 bedrooms, 2.5 baths and a 4 car garage. Built in 1997, the home is on a 2 acre lot with horse set-up and upgraded fixtures. It was on the market for 119 days.
Reno / South Meadows
List Price $639,900 / Sold Price $620,000
This home consists of 2,724 SF, 3 bedrooms, 2.5 baths and a 2 car garage. The home was built in 2016, this “almost new” home offers many upgraded fixtures. It was on the market for 94 days.
We’re seeing low inventory in this price-range which is typically not the case, notice the 77 average days on market. This proves that the good, well priced homes still sell quickly, even in the higher price points. If you’re crunching numbers, please keep in mind that the market times I’ve posted typically include days that the homes were in escrow (typically between 30 – 45 days). If you found this post interesting, tune in next week when I’ll be highlighting 5 homes that sold for $700,000. To search previous posts and price points visit 5 homes that sold for $500,000.
Please feel to direct thoughts and questions to Dan@nvhomeconnections.com