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ArrowCreek Market Statistics

ArrowCreek -- A look into the health of the once (and still?) powerhouse, luxury community in Reno.

(Contact us for any questions regarding ArrowCreek properties 775-561-4000 / farmer@gentlemanwithbrains.com)

(Updated Summer/Fall 2014)

Built in 1998, ArrowCreek is one of Reno's flagship luxury communities. It houses two of the finest golf courses in Reno (subject to violent argument, of course) and is known for its immaculate mountain views and proximity to Lake Tahoe (35 minutes). A horde of California real estate speculators heavily gambled from 2003 all the way to its peak in 2006. Now, like most luxury communities in the U.S, it faces challenging times. ArrowCreek is unequivocally back on it's feet (2014). Home prices have stabilized in the half a million price range (more than a few homeowners are seeing equity in their ArrowCreek property.

(You can click on any of the ArrowCreek market stats below:)

Introduction

ArrowCreek Median Price Sold

ArrowCreek Real Estate Demand

ArrowCreek Real Estate Supply

Months Supply of Inventory (MSI)

ArrowCreek Home Values(Updated: 2014)

Currently, median home price in ArrowCreek is around ~~$341,550~~ $702,560. Prices has significantly gone up since 2011.

Demand for homes in ArrowCreek continue to increase:

ArrowCreek housing market hit bottom in 2011. Property prices has gone every year since 2011's market bottom.

Home Value - of ArrowCreek Properties Sold

Not too long ago, if you had $400,000 dollars in the bank you could get a cute, three bedroom home in ArrowCreek, with a living space of 2,000 - 2,500 Square Feet at a decent location in the community.

During the real estate recession years of 2006-2010, the same amount will get you a pretty extravagant home in ArrowCreek. But as the ArrowCreek housing market rebounded in late 2011, ArrowCreek home prices not only stabilized but significantly increased. There is still a few amazing deals out there, but it may not last too long as demand for Reno's top communities like ArrowCreek, Caughlin Ranch, and Somersett have been close to 2007 peak.

$430,000 anybody?...(Those days are gone now, yet again.)

Like all luxury real estate communities in the West Coast, ArrowCreek has been hit by the real estate downturn that started in mid-2005. But it has since rebounded from the deep real estate recession.

It seems obvious to point out, but the general Reno real estate market has come out from it's bottom (see: graph above). People are starting to buy homes in Reno--actually, it's been going on since 2007; contrary to popular belief Reno real estate has healthy demand; supply is actually low...

I think it's worth looking into some of the excellent deals in ArrowCreek and the other luxury communities around Reno. The past 10 years Reno has closely followed the trajectory of the San Francisco market -- and SF is seeing a very high increase in home values as of late 2012.

70 homes are currently for sale in the community. About two years ago, at the same time, it was 138. If you look in the last 5 years, this is really low for the area (inventory). This is due to the lack of market confidence of many home owners –waiting for sunny skies. This could be a good opportunity for savvy sellers who can put themselves ahead of the pack.

So without further ado, here's the ArrowCreek market....

ArrowCreek Median Price Sold (2009-2011)

Jan 2013: $448,000
Dec 2012: $483,750
Nov 2012: $417,700
Oct 2012: $385,800
Sep 2012: $400,000
Aug 2012: $375,000
Jul 2012: $375,000
Jun 2012:$483,673
May 2012:$443,250
Apr 2012: $435,000
Mar 2012: $405,698
Feb 2012: $350,000
Jan 2012: $360,000
Dec 2011: $433,750
Nov 2011: $400,000
Oct 2011: $499,500
Sep 2011: $520,000
Aug 2011: $429,000
Jul 2011: $480,000
Jun 2011: $470,000
May 2011: $601,592
Apr 2011: $471,000
Mar 2011: $422,500
Feb 2011: $480,000
Jan 2011: $359,000
Dec 2010: $546,000
Nov 2010: $400,000
Oct 2010: $365,000
Sep 2010: $510,000
Aug 2010: $453,000
Jul 2010: $470,000
Jun 2010: $480,000
May 2010: $441,500
Apr 2010: $415,000
Mar 2010: $467,500
Feb 2010: $482,500
Jan 2010: $429,000
Dec 2009: $419,250
Nov 2009: $615,000
Oct 2009: $445,000
Sep 2009: $552,500
Aug 2009: $510,000
Jul 2009: $462,500

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ArrowCreek Real Estate Demand (units sold)

Jan 2013: 21
Dec 2012: 28
Nov 2012: 21
Oct 2012: 23
Sep 2012: 19
Aug 2012: 21
Jul 2012: 21
Jun 2012: 21
May 2012: 27
Apr 2012: 20
Mar 2012: 19
Feb 2012: 11
Jan 2012: 13
Dec 2011: 20
Nov 2011: 7
Oct 2011: 18
Sep 2011: 13
Aug 2011: 14
Jul 2011: 17
Jun 2011: 18
May 2011: 10
Apr 2011: 13
Mar 2011: 15
Feb 2011: 12
Jan 2011: 7
Dec 2010: 9
Nov 2010: 18
Oct 2010: 15
Sep 2010: 13
Aug 2010: 16
Jul 2010: 15
Jun 2010: 22
May 2010: 16
Apr 2010: 18
Mar 2010: 15
Feb 2010: 12
Jan 2010: 15
Dec 2009: 18
Nov 2009: 9
Oct 2009: 17
Sep 2009: 24
Aug 2009: 26
Jul 2009: 18

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ArrowCreek Real Estate Supply (for sale)

Jan 2013:70
Dec 2012:73
Nov 2012:89
Oct 2012:113
Sep 2012:123
Aug 2012:124
Jul 2012:123
Jun 2012:128
May 2012:121
Apr 2012: 113
Mar 2012: 118
Feb 2012: 117
Jan 2012: 132
Dec 2011: 124
Nov 2011: 135
Oct 2011: 151
Sep 2011: 160
Aug 2011: 160
Jul 2011: 152
Jun 2011: 153
May 2011: 141
Apr 2011: 137
Mar 2011: 125
Feb 2011: 132
Jan 2011: 139
Dec 2010: 136
Nov 2010: 140
Oct 2010: 155
Sep 2010: 163
Aug 2010: 165
Jul 2010: 161
Jun 2010: 162
May 2010: 136
Apr 2010: 136
Mar 2010: 139
Feb 2010: 141
Jan 2010: 138
Dec 2009: 139
Nov 2009: 170
Oct 2009: 175
Sep 2009: 178
Aug 2009: 208
Jul 2009: 224

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ArrowCreek MSI (months supply of inventory)

Jan 2013:2.2
Dec 2012:4.7
Nov 2012:3.0
Oct 2012:2.9
Sep 2012:3.7
Aug 2012:6.0
Jul 2012:5.1
Jun 2012:3.3
May 2012:5.4
Apr 2012: 2.1 months
Mar 2012: 2.5
Feb 2012: 3.9
Jan 2012: 4.5
Dec 2011: 13.1
Nov 2011: 7.3
Oct 2011: 9.6
Sep 2011: 12.4
Aug 2011: 8.6
Jul 2011: 7.7 months
Jun 2011: 6.1
May 2011: 7.5
Apr 2011: 7.5
Mar 2011: 10.8
Feb 2011: 8.1
Jan 2011: 7.7
Dec 2010: 12.4
Nov 2010: 20.5
Oct 2010: 9.8
Sep 2010: 10.9
Aug 2010: 7.8
Jul 2010: 9.9
Jun 2010: 5.2
May 2010: 8.4
Apr 2010: 5.0
Mar 2010: 9.0
Feb 2010: 7.1
Jan 2010: 7.8
Dec 2009: 11.9
Nov 2009: 6.5
Oct 2009: 16.8
Sep 2009: 9.1
Aug 2009: 6.6
Jul 2009: 7.3

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