Caughlin Ranch Real Estate: An insiders look (updated)

                                            

By: caughlinranchhomeowners

                                     ------------------------------------------

               "My goal is to give you an advantage over your competition by showing you what the market is doing."

                                            --------------------------------------------

WIIFM (What's in it for me?):

I want to show you what's happening in the Caughlin Ranch Real Estate Market.  If you're a buyer or seller in this area my goal is to give you an advantage over your competition by showing you what the market is doing. 

This data comprises the areas of Reno-Old Southwest (MLS area: 160)  Reno-West-Southwest (MLS area:161)

Time period: December 2005 - March 2010

Highlights:

• (March 2010)  Median price sold seems to be settling around low 300's.
  

• (January 2010) Median price is at $340,000.  $40,000 up from last month.  There were 15 homes sold in the same month.  Median price looks more steady than in the last 2-5 years.
  

• (August 2009) Though demand of homes in Caughlin is doing good it is not as good as how it looks if you look at Reno's sales as a whole.  This might tell us that prices may still take a while before it reaches a bottom.
  

• (July 2009) Prices are still going down.  Demand remains on positive territory while supply continue to pale.
  

• (June 2009) Homes for sale is still low comparing it in the last two years.  Demand is up since January of 2009.  Median price (sold) still going South.

• (May 2009) Median price, supply & demand are all down (a bad sign). 

• (April 2009) Median price (sold) have been stable since March of last year.  Demand is pale, I wonder if this will continue 'till summer.  Supply is down as well.

• (Mar 2009) Median price, supply and demand have been going down.  On the upside median price has been stable the past year (see:graph).

• (Feb 2009)  Median price remain stale.  Homes sold in the Caughlin Ranch area go up by seven homes.  Supply remain in a downtrend.

• (Jan 2009) Demand dives to three homes sold.  Inventory follows suit (see: second graph).

• (Dec 2008) Demand is holding up through the winter months(see 2nd graph)--a good sign.  Median price is still struggling, but not as hard as a year ago.

• (Sept 2008) Supply is taking on a shape of a "W".  Going up in the summertime and down when winter comes. I'm waiting to see if this will continue this coming winter.  Median price is still on a downward trend.  Demand has been significantly going up since September 2007.

• (Aug 2008) Demand for Caughlin Ranch homes has been steadily going up while sellers are fewer than what it was two years ago.  Prices of homes are still struggling esp. for high end listings.

• (May 2008) Supply is still in a downward trend but ever since February of this year sellers have been going out in droves.( see: 1st graph)

• (May 2008) Demand,similar to supply is still in a downward trend.  Buyers seems to be waiting for the prices to stabilize before they get in the market.(see: 2nd graph)

• (May 2008) Median prices of homes are still down.  March 2008 could be the market bottom for median home prices for Caughlin Ranch. Prices have been steadily going up since start of this year's summer (see: 3rd graph).

Graphs:

Supply

(Click image to enlarge)

Demand

 (Click image to enlarge)

Median Price

(Click image to enlarge)

                                                   ------------------------------------
             Call Joe (775-338-7653) to see the best homes at the best price in Caughlin Ranch today!

                                                   ------------------------------------

Community Links:

• Caughlin Ranch Homeowners Association

• The Best Sweets In Reno (5 mins. away)
  

Number of updates: 18'th
Updated: April 2010
Source:Multiple Listing Service via Broker Metrics
Next Release Time: May 18,2010