Buy
Greetings from Joe Salcedo!
Are you interested in the Arrow Creek real estate market? Then this page is for you. Grab yourself a cup of your favorite beverage and get comfy. I’m about to show you what’s happening in Arrow Creek: median price, supply and demand. Once you get a sense of it, we can drive up there together to see the place in person.
Buying a home is serious business. Often it’s the biggest financial investment of your life. So let’s get straight to the point.
Give or take, there are about 100 homes to choose from in the Arrow Creek area (Reno South-Suburban, MLS area 165). The current lowest price is $142,000 (1700 Wedge Parkway). The current highest price is $2,495,000 (13425 Welcome Way).
Here’s what’s happening in the Arrow Creek real estate market:
Median Homes Price Sold 2008 – 2010:
Home prices at Arrow Creek have plummeted 40.7% from 2008. Two years ago, the median price of an Arrow Creek home was $616,000. Today, it’s $365,000.
–2010–
Oct 2010: $365,000
Sept 2010: $510,000
Aug 2010: $453,000
Jul 2010: $470,000
VS.
–2008–
Oct 2008: $616,000
Nov 2008: $601,400
Dec 2008: $575,000
Jan 2009: $640,000
Arrow Creek Homes Supply 2008 – 2010:
Arrow Creek Number of Homes For Sale 2008-2010
Sellers lack confidence in the real estate market in Arrow Creek, as evidenced by the steady decline since 2008. In October 2008, 244 homes were listed for sale. Today, it’s 146.
Many wait for the market to bottom out. This may become a self-fulfilling hope, because the market will bottom out when demand consistently exhausts supply.
–2010–
Oct 2010: 146
Sept 2010: 164
Aug 2010: 167
Jul 2010: 164
VS.
–2008–
Oct 2008: 244
Nov 2008: 232
Dec 2008: 225
Jan 2009: 218
Arrow Creek Homes Demand 2008 – 2010:
Demand of Homes in Arrow Creek 2008-2010
Demand has gone up 66.7% from the same month two years ago.
–2010–
Oct 2010: 15
Sept 2010: 13
Aug 2010: 16
Jul 2010: 15
VS.
–2008–
Oct 2008: 9
Nov 2008: 9
Dec 2008: 5
Jan 2009: 5
Additional Reading:
