Hi everybody! I'm Phillip Goodman. Hi and I'm Roberta Monroe. And this is the real
estate market report for Spanish Springs December 2018.
We're gonna take a look at another new group of areas in Northern Nevada as
part of our series of market reports. We're going to look at Spanish Springs
which sits just a little bit north of Sparks. So, we're gonna look at the MLS
borders for that. We'll take a look at the December 2018 market activity and of
course our featured property of the month. So let's dive right in. Since this
is our first look at the Spanish Springs market we're going to show you where all
of these borders are. Spanish Springs south connects right here to Sparks then
you've got east and west. Roberta what's different about this area from just
Sparks and what's unique about some of the terrain here? Well Spanish
Springs is truly the epitome of a bedroom community. You have a lot of
family homes, ranches and basically everything is pretty well new and built.
Is this developable territory? Most of those are ranches, ten-acre, forty-
acre properties with big beautiful homes on them. And there's a pretty hard line
here on the west. What is all of this territory to the west? That is part of
the Hungry Valley Indian Reservation Here we are on Market Insights from the
Reno Sparks Association of Realtors and we're only looking at single-family
homes. I did pull up condos; only one condo sold in all three of these areas
all of December 2018. So Roberta take it away.
Units sold in December 2018 are down 13% from November and down 23% from December
2017. There's really no cause for concern here as sales always dip in the winter
and overall we're only talking about five to ten units. Median price took a
small hit at 4% but is still climbing at 10% over last year. Percent of asked
received is a strong 99% which means sellers and their agents are on the
same page about home values. Inventory levels are down about 12% from
November but up 74% from 2017. Months supply of inventory at 2.8
months is holding steady from November yet it has more than
doubled over last year. Looks like with all the activity around the USA Parkway
sellers are trying to cash in on what has become a very desirable part of
Northern Nevada. Here we are on our website seerenohomesforsale.com and
our featured property of the month is 6375 Rey Del Sierra in Sparks which is
technically Spanish Springs, right Roberta? Correct. What can you tell us about
this luxurious home? Well it's a beautiful four-bedroom three-bath at
3,405sqft on a quarter of an acre. Asking
price is $690,000. As you can see it has a beautiful entryway with the decorative
doors and the marble tile; just stunning. Nice arch entry ways into the living
room and dining room area which make it very unique. Beautiful. Roberta the
outside of this property is just as stunning as the inside. Oh absolutely. I
mean these are gorgeous stunning views. What a great place just to sit and
watch the golfers it looks like. Right on the top of the golf course. Mmm hmm and a beautiful
barbecue area. So there you have it that is your first look at the Spanish
Springs area of Northern Nevada Now Roberto like I said you've lived in
that area for 20 years. You've seen the growth. why is that area of Northern
Nevada so desirable? Well it's especially close to Pyramid
Lake which is world-renowned for fishing so there you have a lot of fishermen, fly
fishermen, hunting, camping, everything you can imagine. And it's close to USA
parkway if you work in all of these booming tech industries that are coming
to Northern Nevada. Exactly you have work and excitement on one side so it's
perfect right in the middle. Excellent. Well if you want more
information about anything we've discussed today you can contact Roberta
at the information you see on your screen now. Make sure you give us a like
if you would right now and of course share us on your social media. For
Roberta Monroe and the Nevada Real Estate Group at Keller Williams Group One
inc in Reno Nevada I'm Phillip Goodman. We'll see you next time.
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