South Meadows Real Estate Market Report February 2019 | Nevada Homes for Sale
Hi everybody I’m Phillip Goodman. And I’m Megan Ticknor. And we are from the Nevada Real Estate Group at Keller Williams
Group One, Inc in Reno, Nevada Today we’re going to take a look back at the
February 2019 real estate activity in South Meadows, Reno. And if this is your first
time watching one of our market reports make sure that you like and hit the
subscribe button and the bell to make sure that you get all notifications.
Sounds good. Well Megan let’s take a look inside Market Insights and see what
happened in South Meadows. Let’s do it. Here we are inside Market Insights
looking at the single-family home sales activities in South Meadows for February
2019. Meghan what happened in February? Units sold were down less than 6% from January 2019 and down 21% from February 2018. New listings are down 41% from last year but only down 9% from January 2019.
The drastic variances and these numbers can be attributed to the snowy winter we
had in January and February. So Megan why is inventory up almost three hundred and
thirty percent. Well we looked deeper into that and found that current
inventory of 114 is loaded with lots available in the new developments on the
north end of Rio Wrangler just north of Damonte Ranch and despite the weather
factors and increased inventory the median sold price at just under $470,000 is still 11% higher than 2018 plus sellers are still getting what they are asking for at 98%
of asked received which is still steady over the previous month and year. We are
on www.seerenohomesforsale.com for our featured property in South Meadows which is 13686 Dressage Court in Reno. Megan tell us about this
property. This property is located in a cul-de-sac. It is a four-bedroom three-bath 2265 square feet and it was built in 2006.
Megan for a 2006 property these owners have really put in some very nice
features and upgrades. Right so they have laminate flooring, open-concept with a
beautiful updated kitchen. You have white cabinetry with updated stainless steel
appliances, double oven. I really like this backyard. It’s very manageable, you
can let your dog run in the backyard you have your pergola. Great for entertaining
Well there’s your look back at the February 2019 at real estate market
activity for South Meadows in Reno. If you have any
questions about the numbers we’ve discussed or if you want to take a look
at that featured property you can contact Megan her information is in the
description below this video. We hope you found all this information very helpful
and if you did please give it a like and a share on your social media too. For the
Nevada Real Estate Group at Keller Williams Group One Inc in Reno, Nevada
I’m Phillip Goodman. I’m Meghan Ticknor We’ll see you next time.