GOOD NEWS on South Reno: South Meadows home demand is high!

We just sold a home at Stone Hollow, about 3 miles away from 395 South Damonte Ranch exit.

Here's a letter I sent to 100 homes around our sold listing.  I know, I know forgive me for my shameless plug, but hey it's mostly market news.:

The good news: I've noticed that prices in the South Meadows area might be headed for a bottom--only for homes priced $250,000 and below. And I will tell you why: the house you see above was in the market (since early 2009) for $249,000 and we sold it for $235,000 (Feb 2010). Less than the asking price but not by much (considering the length of time).

And the graphs back it up: Demand is HUGE.

Reno Homes Demand: Dec 2005 - Jan 2010

And supply is LOW. Reno Supply of Homes Dec 2005 - Jan 2010

Which means....Law of supply and demand--we might be headed for greener pastures ($250,000 and below.) 

So the big question is......Should I sell or wait? It depends.

I think:

1. If you can wait, wait it out. The numbers back you up (low supply ; high demand).

2. But If you have to or want to sell, then I think you should do it soon. Please go back to first page and look at the demand of homes in Reno. Notice that demand is significantly higher in the summer months. And summer is just around the corner. My point is You Can Be Ahead Of The Pack. When demand goes up this next few months (and it will) you'll be first in line--more showings, more price.

             And If you think I can be the guy to help you sell your home, let's go! (I would be honored).

         Shameless plugs:

• I already sold three homes within a mile radius of where your home is.

• I closed 14 short sales in 2009. (Top 3 in Reno).

• Type "Reno Short Sale Expert" in google. I'm number one!

• I know your area inside out. I know what the buyers are looking for in the South Meadows area (our office is around the corner, beside home depot).

• There is no question in my mind that I can sell your house (if priced right and has a nice condition).

• I have been studying the South Meadows area for the last 2 years (hence, the graphs). For more information visit my 3 yr. old blog--www.RenoHomeBlog.com.

JUST IN CASE... you are not quite sure of what you want to do, but you are interested in knowing more about your options--no problem, call my assistant IAN to schedule a Free- No Hassle consultation with me--775-850-5900 ext. 135. or shoot me an email--jsalcedo@chaseinternational.com

Thank you so much for reading this random letter.

I hope I added value in your life.