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Home Buyer Tips For Reno: Top Three Areas In Population Growth



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By : Joe Salcedo    99 or more times read
Why is this important to know Joe? Say you found two homes that you really like. And you're having a hard time deciding which one is best, because you're a smart buyer you weigh the pros and cons.

One, is located in Northwest Reno; the other in South Reno. It may be handy for you to know that research tells us that more people are moving to South Reno than Northwest.

That if you were thinking about future equity, it might be good to know that more people are moving in this side of town. Hence, more potential buyers.

Or maybe, you've lived all your life in the busy streets of Downtown Los Angeles. And you just want a quiet serene place, away from everybody. Then you might want to stay away from these areas.

So without further ado, here are the top three areas in Reno-Sparks experiencing the biggest gains in population:

  1. MLS area 134; Reno-Stead, located in North Reno

    DIRECTIONS--Take 395 North, exit on 74-Lemmon drive or exit 76-Stead Blvd.

    Market Overview:

    The median price (sold) for this area is at $137,500 (Feb 2009), down sharply from $243,750 back in February of 2007. Demand look steady at 25-30 homes SOLD/month in the last seven months. Supply of homes have been steadily going up since February of 2008 (a good sign).

  2. MLS area 182; Sparks-Suburban, located at Sparks-Vista Blvd.

    DIRECTIONS--take 80 East, exit on 20-Sparks Blvd. or exit 21-Vista Blvd.

    Market Overview:

    The median price (sold) for this area is at $206,000 (Feb 2009), also down from a little over $300,000 from two years ago. Demand is moving at around 20 homes SOLD/month the past twelve months. Number of sellers are still low compared to past years.

  3. MLS area 143; South Reno, located at South Meadows Parkway

    DIRECTIONS--take 395 South, exit on 60-South Meadows Parkway or exit 58-Damonte Ranch Pkwy.

    Market Overview:

    The median price (sold) for this area is at $278,000 (Feb 2009) down from $350,150 two years ago. Supply and demand remain relatively lower compared to the past few years.

    Many communities around South Meadows Parkway are in the $400,000-$750,000 market range, making lower priced homes ($280,000 and below) highly desirable. There are three listing last time I checked. I suggest to make a quick offer if you find one.
"Get ahead of the Reno Real Estate Market"--http://RenoHomeBlog.com

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