When it comes to reporting on the regions of the country that were hardest hit by the collapse of the housing market, one of the areas that doesn’t receive quite as much press is Reno. But the numbers speak for themselves: By late 2005, the median price for both new and existing homes had risen to over $350,000 in Reno; contrast that with 2011, when the median price of a resale home was $155,400. Although that’s bad news for sellers, it’s great news for buyers, who can now obtain Reno new homes at rock bottom prices.
In Reno, where the median household income is approximately $55,000, buyers can get quite a bit of bang for their buck – and now is the time to take advantage of that. In 2011, there were 5,899 resale homes in Reno, and it stands to reason that 2012 will show similar figures. In other words, the selection is broader than it has ever been. However, some homes stand out more than others like the homes of La Tierra.
If you’re in the market for this crop of affordable Reno new homes, we highly recommend La Tierra at Miramonte, where a home in any of the community’s four phases is available for under $200,000. La Tierra offers square foot ranges of 1,476 to 2,147, so that’s no small potatoes. That’s a big home, for only a little money! To see if they are what you’re looking for, visit La Tierra at Miramonte at 2797 Earthstone Dr., Sparks, NV 89436 or call the sales office at (775) 626-7885.