July 27 2015 FACT Update From the Washoe County Assessor Records

Here are UPDATED ‘FACTS’ from the Washoe County Assessor Records since the June 26, 2015 arrowcreek411.wordpress.com blog:

  1. ArrowCreek properties are still selling at a premium to those in Sparks and the North Valley.

    a.) Forty nine (49) properties were sold in ArrowCreek between 17 December 2014 and 13 July 2015 (This according to the Washoe County Assessor).

    b.) Eleven (11) of those properties were on the golf course (the property boundaries actually touch the golf course, not just have a ‘view’ of it). Eight (8) of those were homes with an average selling price of $220.19 per square foot. Three (3) were vacant lots with an average selling price of $190,117.78 per acre. (No change from last report.)

    c.) Thirty eight (38) properties sold that are not connected to the golf course. Thirty one (31) of those properties were homes with an average selling price of $227.80 per square foot. Seven (7) properties were vacant lots with and average selling price of $130,056 per acre.

    d.) Homes that do not have a boundary with the golf course are selling at a 3.3% premium to homes actually on the golf course.

    c.) Thirty eight (38) properties sold that are not connected to the golf course. Thirty one (31) of those properties were homes with an average selling price of $227.80 per square foot. Seven (7) properties were vacant lots with and average selling price of $130,056 per acre.

    e.) Vacant lots, however, are selling at a 46.18% premium if they have a common boundary with the golf course.

    f.) The trends for our property values indicates that over the past three months the values of homes off the golf course are trending to match those on the golf course, as shown in the table (see chart below). Green line represents homes NOT on the golf course. Blue line represents homes on the golf course.
  2. Prop_trends_AC072415

  3. The ACHOA (all of US) currently own 502 acres of vacant land. We haven’t implemented any of the already approved hiking trails or exercise stations on our land or improved the Residents’ Center.
  4. Only twenty one (21%) percent of our community identify with ‘golf.’ (Based upon the ACHOA sponsored UNR Demographic survey which reflects the National trend)
  5. The ACHOA Board is spending an awful lot of resources, especially legal hours at $275 per hour, to continue to look for a way to acquire the golf course should the Friends of ArrowCreek offer it for sale.

  6. Given ALL of the above ‘FACTS,’ do we really need another 525 acres? Especially when we’ve done nothing to enhance the property we already own.

    Let’s focus our energy on improving the amenities we currently have and expand those amenities by using our already available acreage. Let’s stop the wasteful energy and expenses of trying to purchase another 525 acres, NOW!

    By Ron Duncan


    Updated from June 26, 2015 posting Fact Update: Here Are Facts

    …which updates the June 4, 2015 posting You Want Facts: Here Are Facts.

    June 2015 Study on Golf Course Closure Impacts On Home Values in Northgate and D’Andrea.

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This entry was posted in ArrowCreek, Golf, Home Sales, Home Values, Truth and tagged , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

2 Responses to July 27 2015 FACT Update From the Washoe County Assessor Records

  1. Kerry McKinney says:

    Good job, Ron. Keep it up. Facts are pesky things (for some folks), and we need more of them to keep those folks’ hands out of our pockets.

    Like

  2. ezmoney says:

    Ron I hope you will be running for position on the HOA board next year. Put your words into action.

    Like

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