Hi everybody! I’m Phillip Goodman. Hi and
I’m Roberta Monroe. And this is the real estate market report for Spanish Springs
December 2018. We’re gonna take a look at another new
group of areas in Northern Nevada as part of our series of market reports.
We’re going to look at Spanish Springs which sits just a little bit north of
Sparks. So, we’re gonna look at the MLS borders for that. We’ll take a look at
the December 2018 market activity and of course our featured property of the
month. So let’s dive right in. Since this is our first look at the Spanish Springs
market we’re going to show you where all of these borders are. Spanish Springs
south connects right here to Sparks then you’ve got east and west. Roberta what’s
different about this area from just Sparks and what’s unique about some of the terrain here? Well Spanish Springs is truly the epitome of a
bedroom community. You have a lot of family homes, ranches and basically
everything is pretty well new and built. Is this developable territory?
Most of those are ranches, ten-acre, forty- acre properties with big beautiful homes
on them. And there’s a pretty hard line here on the west. What is all of this
territory to the west? That is part of the Hungry Valley Indian Reservation
Here we are on Market Insights from the Reno Sparks Association of Realtors and
we’re only looking at single-family homes. I did pull up condos; only one
condo sold in all three of these areas all of December 2018. So Roberta take it
away. Units sold in December 2018 are down 13% from November and down 23% from December 2017. There’s really no cause for concern
here as sales always dip in the winter and overall we’re only talking about
five to ten units. Median price took a small hit at 4% but is still climbing at
10% over last year. Percent of asked received is a strong 99% which
means sellers and their agents are on the same page about home values. Inventory
levels are down about 12% from November but up 74%
from 2017. Months supply of inventory at 2.8 months is holding steady
from November yet it has more than doubled over last year. Looks like with
all the activity around the USA Parkway sellers are trying to cash in on what
has become a very desirable part of Northern Nevada. Here we are on our
website seerenohomesforsale.com and our featured property of the month is 6375 Rey Del Sierra in Sparks which is technically Spanish Springs, right
Roberta? Correct. What can you tell us about this luxurious home? Well it’s a
beautiful four-bedroom three-bath at 3,405sqft on a quarter of an acre. Asking price is $690,000. As you can see it has
a beautiful entryway with the decorative doors and the marble tile; just stunning.
Nice arch entry ways into the living room and dining room area which make it
very unique. Beautiful. Roberta the outside of this property is just as
stunning as the inside. Oh absolutely. I mean these are gorgeous stunning
views. What a great place just to sit and watch the golfers it looks like. Right on
the top of the golf course. Mmm hmm and a beautiful barbecue area. So there you have it that
is your first look at the Spanish Springs area of Northern Nevada
Now Roberto like I said you’ve lived in that area for 20 years. You’ve seen the
growth. why is that area of Northern Nevada so desirable?
Well it’s especially close to Pyramid Lake which is world-renowned for fishing
so there you have a lot of fishermen, fly fishermen, hunting, camping, everything you can imagine. And it’s close to USA parkway if you work in all of these
booming tech industries that are coming to Northern Nevada. Exactly you have work and excitement on one side so it’s perfect right in the middle.
Excellent. Well if you want more information about anything we’ve
discussed today you can contact Roberta at the information you see on your
screen now. Make sure you give us a like if you would right now and of course
share us on your social media. For Roberta Monroe and the Nevada Real
Estate Group at Keller Williams Group One inc in Reno Nevada I’m Phillip Goodman.
We’ll see you next time.