Somersett Statistics - Somersett Stats
We have a new feature, you can click here to get all Somersett homes that have sold in the last 6 months.
Since January 1 of 2018 Single family homes up 8% - Del Webb up 9% - The Village and The Vue up 8% - read below for more detail on each.
Welcome to our new Somersett Stats page. We will update this page at the beginning of each month so you will have a very good idea of what property values in Somersett are doing. Somersett is one of the most active areas of town as far as homes selling and demand right now. If you are a seller and are looking for more specific stats on a particular neighborhood in Somersett, shoot me an email or call. If you are a buyer ready to write an offer and looking for the same information just fill out the form below and let us know the address.
For a list of all the solds that David, himself has sold - CLICK HERE
For the purposes of this page we will break it into 3 different categories - single family homes, The Vue/Village and Del Webb. Lot values are more slow moving so they will not be included here. We will give you a current snapshot of what each of these is currently selling at compared to the 12 months prior. There is a form at the bottom of this page you can fill out if you want stats specific to your home in Somersett.
Forget a "Zestimate", This is a "Davestimate", much more accurate, remember Zillow has never seen your home, I probably have! You will have the value of your home within 24 hours. Remember to tell me about any special features you have and the condition of your home. With over 350 sales in Somersett, I have been the top selling Somersett agent since 2005.
Single Family Homes In Somersett
So far since January 1 of this year there have been 70 homes that have sold (today is July 28) compared to 110 for all of last year. Keep in mind this does not include Del Webb or the Village and the Vue. The median dollar per foot in 2017 that homes sold for was $211.00 and in 2018 so far it is $229.00 per foot for an increase of 8% as of today. The lowest price home so far this year has been $400,000 and the highest has been $1,360,000 or $362.00 per foot Which compares to pricing in Montreux.
My outlook for the rest of 2018 is an increase of another 2-3% in Somersett, there is still very strong demand for buyers that want to be on the west end of Reno. We are still seeing 66% of our buyers coming from California and that is going to continue. For the last 60 days we have seen the typical summer doldrums, from about the first of May until the end of July we see alot more homes on the market. Plus school gets out and everyone goes on vacation, so every year during this time we see the market flatten out and we have had to drop the prices on some homes to get them sold. Now is a very good time to put your home on the market, because it will pick up from now until the end of October as buyers get back in the market. We have also seen some fisherman in our market, based on some good sales at the beginning of the year they drop their line in the water with hopes of snagging a big bay area fat catfish. That didn't happen and they are dropping their prices. There is a link below for the most recent 2018 solds.
Fill out the form at the bottom of the page for a estimate of value on your home.
Del Webb - Sierra Canyon in Somersett
So far since January of this year, there have been 47 Del Webb homes that have sold in 2018 compared to 92 that sold all of last year and been reported through our MLS system. In 2017 the avg dollar per foot that homes were selling for was $239.00 per foot. It all comes down to location on these and whether or not they have a view. So far this year the average price per foot for a Del Webb home has been $261.00 per foot or an increase of 9%. The good lots are definitely getting a premium. Also, we were definitely getting some push back from buyers on the location of the current phase of new homes being sold in Del Webb. The builder Pulte Homes is done building in Somersett and in my opinion the values have gone up more because of this. If you are looking to buy we can email you a current list of Del Webb Homes on the market. Click the link below for the most recent sales for 2018.
The Village - The Vue in Somersett
In the Village and the Vue, this year there were 37 homes that have sold since January of this year, compared to a total of 37 that sold for all of last year. The median selling price was $170.00 per foot in 2018 and $157.00 per foot in 2017 for an increase of 8% . That is great news for this product, it typically lags Del Webb and regular single family homes in Somersett. For the last 2 years these units have done actually better than a single family home or a Del Webb home.There is definitely more demand in the Village than the Vue (better location) and the Village would have sold for more than the Vue. There is still a huge demand for this type of product in Somersett.