A Closer look into the Caughlin Real Estate Market

Curious about how Caughlin Ranch's market is holding up? Learn about supply & demand and the median price of homes sold in the area.

Introduction

Caughlin Median Price Sold

Caughlin Ranch Real Estate Demand

Caughlin Ranch Real Estate Supply

Months Supply of Inventory (MSI)

In my opinion there are two things that's helping Caughlin Ranch weather the current real estate drought better than other luxury communities: There are less land to build on and with it's age and consequent lower mortgages, majority of home owners' mortgages are less than what the home is worth compared to other newer communities, which were bought at or near the peak of the market.

Inventory of homes is also less than it's nearest counterpart, Somersett and ArrowCreek ; last month, Caughlin had 96 homes for sale in the market, Somersett had 108 homes, while ArrowCreek had 144 houses to sell.

More importantly, at the same time last month, Caughlin Ranch sold 18 homes, while ArrowCreek had 15 sales and Somersett 14 homes. In other words, Caughlin Ranch had less inventory but more sales than Somersett and ArrowCreek. To be clear, this can flactuate to the other communities as the difference is minimal.

One other thing that buyers seem to like in Caughlin Ranch is it's proximity to the I80 freeway, McCarran and Downtown Reno; and with that, everything in between (specialty restaurants, malls, shopping centers, grocery stores, parks and recreation, etc). You don't have to drive for miles just to get to the community, there are multiple ways to get to it (McCarran, Plumb, 4'th St., Lakeside, Manzanita, etc).

But Like with everything related to real estate in Nevada, reality is Caughlin Ranch wasn't spared from the real estate downturn that started in mid-2005.

It seems too obvious to even mention, but we're really not out of the hole yet, specifically in the higher end ($400,000 and up). But people are starting to buy homes in Reno. MSI (months supply of inventory) is at 3.6 months (July 2011), that's less than half the national average of time it would take to sell a home. Contrary to popular belief, demand is improving and supply is actually low...

So without further ado, here's the Caughlin Ranch market....

Caughlin Ranch Median Price Sold (2009-2011)

• Jul 2011: $431,500
• Jun 2011: $276,000
• May 2011: $220,000
• Apr 2011: $257,000
• Mar 2011: $267,000
• Feb 2011: $295,000
• Jan 2011: $347,500
• Dec 2010: $369,900
• Nov 2010: $218,000
• Oct 2010: $350,000
• Sep 2010: $375,000
• Aug 2010: $292,450
• Jul 2010: $348,000
• Jun 2010: $276,000
• May 2010: $356,000
• Apr 2010: $340,000
• Mar 2010: $356,000
• Feb 2010: $480,000
• Jan 2010: $397,000
• Dec 2009: $317,000
• Nov 2009: $390,000
• Oct 2009: $382,500
• Sep 2009: $372,500
• Aug 2009: $325,000
• Jul 2009: $370,000

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Caughlin Ranch Real Estate Demand(units sold): 18 homes

• Jul 2011: 18 homes
• Jun 2011: 8
• May 2011: 5
• Apr 2011: 9
• Mar 2011: 12
• Feb 2011: 11
• Jan 2011: 12
• Dec 2010: 9
• Nov 2010: 7
• Oct 2010: 13
• Sep 2010: 7
• Aug 2010: 6
• Jul 2010: 11
• Jun 2010: 16
• May 2010: 6
• Apr 2010: 9
• Mar 2010: 9
• Feb 2010: 7
• Jan 2010: 7
• Dec 2009: 7
• Nov 2009: 8
• Oct 2009: 14
• Sep 2009: 8
• Aug 2009: 5
• Jul 2009: 9

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Caughlin Ranch Real Estate Supply (for sale): 96 homes

• Jul 2011: 96 homes
• Jun 2011: 100
• May 2011: 98
• Apr 2011: 85
• Mar 2011: 80
• Feb 2011: 80
• Jan 2011: 86
• Dec 2010: 93
• Nov 2010: 101
• Oct 2010: 107
• Sep 2010: 106
• Aug 2010: 111
• Jul 2010: 106
• Jun 2010: 102
• May 2010: 103
• Apr 2010: 91
• Mar 2010: 85
• Feb 2010: 73
• Jan 2010: 69
• Dec 2009: 81
• Nov 2009: 94
• Oct 2009: 100
• Sep 2009: 104
• Aug 2009: 99
• Jul 2009: 96

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Caughlin Ranch MSI (months supply of inventory): 3.6 months

• Jul 2011: 3.6 months
• Jun 2011: 6.2
• May 2011: 5.8
• Apr 2011: 7.8
• Mar 2011: 3.5
• Feb 2011: 7.3
• Jan 2011: 6.9
• Dec 2010: 12.8
• Nov 2010: 14.3
• Oct 2010: 4.8
• Sep 2010: 15.7
• Aug 2010: 6.8
• Jul 2010: 8.8
• Jun 2010: 15.0
• May 2010: 6.5
• Apr 2010: 11.6
• Mar 2010: 5.1
• Feb 2010: 12.8
• Jan 2010: 9.7
• Dec 2009: 5.9
• Nov 2009: 7.4
• Oct 2009: 16.8
• Sep 2009: 5.0
• Aug 2009: 14.5
• Jul 2009: 7.7

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