South Meadows, Reno Homes for Sale have seen significant price improvement of approximately 14% year over year as inventory levels remain low.

The Numbers Month to Month and Year to Year

The median sales price for South Meadows, Reno Homes for Sale was $360,000 in February 2016 and $360,000 in March 2016 compared to $315,000 during March 2015.

The number of South Meadows, Reno Homes for Sale that sold was 55 in March 2016 vs. 53 in March 2015. There are 71 South Meadows, Reno Homes for Sale that are in contract which represents 50% of the overall available inventory of 141 homes.

A few highlights of the current South Meadows, Reno Homes for Sale are shown below and represent a nice cross section of properties available, in contract, and that have sold.

This Months Most Expensive

The most expensive of all South Meadows, Reno Homes for sale this month is listed at $699,000 on Burghley Lane and includes 5 bedrooms, 4 bath and has 4,338 sqft. What impressed me the most was the multiple living areas and the gorgeous granite and professional cooking space in the kitchen.

This Months Least Expensive

The least expensive of all active South Meadows, Reno homes for sale came in at $284,900 and would be a great home for a first time homebuyer or an investor looking for a rental property in the Damonte Ranch area. It has 2 bedrooms and 2 bath with 1,063 sqft.

This Months Must See

There were some great South Meadows, Reno Homes for Sale to consider for this months ‘Must See home tour. A home on Fire Poppy listed at $390,000 is this months winner as a must see in the Double Diamond area. This home is in the heart of Damonte Ranch and features 5 bedrooms with great unobstructed views of Mt. Rose and the Sierras to the west!

 Click to see the full report