Reno is considered the gateway to Sierra Nevada and is affectionately known as "The Biggest Little City in the World" as it is the center of commerce and culture in Northern Nevada. Its estimated 415,000 residents enjoy life in a high desert valley on the eastern slope of the Sierra with easy access to Lake Tahoe and its myriad of recreational opportunities. Many current and future residents will be pleased to find the selection of real estate available, affordable and abundant. Single-family homes and homes built since the early 1980s make up the bulk of the real estate available, but one can easily find condominiums and townhouses within close proximity to downtown Reno. Many properties in South Reno offer scenic views of nearby Sierra Nevada and are in close proximity to area schools.(more)
While the area is a popular destination for tourists, South Reno is also a great place to call home. Residents enjoy South Reno's fantastic quality of life and ideal climate with more than 300 sunny days each year. Some of the neighborhoods in South Reno include Double Diamond, Damonte Ranch, Saddlehorn, Galena Forest and the gated communities of Montreux, Arrowcreek and Saint James Village. These developments are all located with easy access to protected national forests and where residents enjoy world-class golf, snow and water skiing, fishing, hiking, mountain biking, snowmobiling, and horseback riding.
South Reno Real Estate Market: Price Range of South Reno Houses for Sale
Real estate in South Reno is abundant and affordable. The city offers homes in all sizes and prices. Future homebuyers will find that South Reno's condo and townhomes market includes properties that range in prices between the mid $100,000s and $550,000. Prices for single-family homes in South Reno range between $150,000 and $3 million. The average price for a single-family home is currently about $400,000, which can be expected to afford a gorgeous 3-bedroom, 2.5-bathroom home with lots of space and amenities. Homes within the higher end of the pricing spectrum usually include luxury homes, estates, and custom built stunners. Many homes offer amenities such as golf course, scenic hill or mountain views, fireplaces, swimming pools, spas and hot tubs. Some horse properties are also available here in South Reno.
Reno - South, Nevada Average Home Sizes and Asking Prices
Reno - South Real Estate Stats and Trends for the week of November 21st, 2018: homes priced around $977,946 compared to $953,914 the previous week, showing a increase of more than +2%. For Wednesday, November 21st, the current national mortgage rate for a 30 year fixed mortgage is 4.04%; the 15 year fixed rate is at 3.40%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.26%, while the 15 year jumbo rate currently is at 4.32%.