ArrowCreek Home Prices Rebound
Home prices at ArrowCreek Golf & Country Club have rebounded nicely since the depths of the last recession, and luxury properties here with nice views of the mountains or Reno skyline are again fetching prices well north of $1 million.
The median sales price of an ArrowCreek home last year was $972,500, almost double what they had been in 2012, a year that marked a low point for real estate prices in many areas of Reno.
This community in the foothills of the Sierra Nevada mountains was launched 20 years ago as a gated golf course neighborhood offering terrific views and promising the best of amenities. The early years were slow, with just a few sales per year. But word caught on quickly, and by 2004, sales…