ArrowCreek ~ The Golf Course Community to Watch in 2020

Posted by Jackie Ginley on Wednesday, February 5th, 2020 at 11:10am.

ArrowCreek Country Club

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 volume had more than quadrupled.

ArrowCreek Home Sales

Before the Fall

Two years later, the median price of a single family ArrowCreek home shot up to $1.1 million. That was 2006, and Reno, like much of the country, was about to be hit by a recession that would cripple the economy and drive thousands from their homes in pursuit of short sales and bankruptcies.

By 2012, ArrowCreek home median prices fell to just under $500k. Short sales were prevalent and homes that were selling Brand New for close to $1 million in 2004 could be picked up at half their original value. The Golf & Country Club was also feeling the strain, and by 2014, the Club filed for Chapter 11 bankruptcy reorganization. 

But a rare thing happened at ArrowCreek. A group of club members banded together, and purchased the Club. They dug the Club out of debt, and hired Arnold Palmer Golf Management to take over the courses. 

Golf & Country Club memberships at ArrowCreek are not restricted just to homeowners, and thanks to the fact that the courses are graced with more than 300 days of sunshine, ArrowCreek has long appealed to golfers who live at the lake and elsewhere in snow country. Memberships have since tripled. In a remarkable twist of fate, one of the Club members who migrated down from the Lake has since bought out the other 50 members, and is investing $20 million into a massive overhaul of the Clubhouse, swim complex and other amenities.

So what's next?

For the price and value, ArrowCreek can't be beat. Miles of paved trails wind though this community, making it great for walking, jogging and cycling. The gate adds an extra sense of security, and the neighborhood is just minutes from hiking, skiing, terrific retail, restaurants & shopping. Dues are affordable, and the Club membership offers use of the gym, swim complex, tennis, and vibrant social programming centered around a well-appointed Clubhouse.

All that ... for only $1million?

A price tag well north of $1 million is steep for locals, but Reno's growth is being fueled by companies moving from California and other US cities, where $1 million doesn't buy much. Anecdotally, we see clients from the San Francisco Bay Area who are shocked at how far their housing dollar goes in Reno.

While it's true that real estate can be cyclical, the last recession was largely precipitated by sub-prime mortgage crisis. Home prices plummeted, and like many US cities, Reno was not well positioned to respond. Since that time, the region has seen major corporate investment from companies like Tesla, Switch, Google, Blockhains.com, and Apple (to name a few). With the growth expected to continue, analysts at the University of Nevada, Reno estimate that the region's population will swell to more than 744,000 over the next 17 years.

After years of double digit growth, Reno closed out 2019 with just a 4 percent increase over the year before, pushing the median price of a single family home over $400k. New construction has helped to meet demand, and while some of those projects are geared toward the luxury home buyer who can afford a $1 million price tag, there is only so much land close to the center of town where a developer can pull off a luxury golf course community on par with ArrowCreek (or Montreux on the other side of the highway).

Reno Housing Market

Scarcity drives demand. And if the pace of sales at ArrowCreek are any indication, demand for luxury in Reno has remained strong. (Over the past five years, we've seen between 60 to 70 homes sell in ArrowCreek every year.)

If you are thinking of buying or selling, please contact us for a more personalized evaluation.

Browse ArrowCreek Homes for Sale
61 Properties Found. Page 1 of 5.
Photo of Listing #200008419

5753 Indigo Run Drive, Reno

$3,650,000 - 4 Beds, 8 Baths, 7,683 Sf

MLS® # 200008419

Chase International-DamonteNorthern Nevada Regional Multiple Listing Service Logo
Photo of Listing #200006579

5885 Flowering Sage Court, Reno

$3,240,000 - 5 Beds, 6 Baths, 7,203 Sf

MLS® # 200006579

Berkshire Hathaway HomeServiceNorthern Nevada Regional Multiple Listing Service Logo
Photo of Listing #1006502

4140 Spotted Eagle, Town out of Area

$2,998,000 - 3 Beds, 6 Baths

MLS® # 1006502

Corcoran Global Living IV
Photo of Listing #200006479

5900 Sunset Ridge Ct, Reno

$1,988,000 - 5 Beds, 6 Baths, 5,185 Sf

MLS® # 200006479

Sierra Sotheby's Intl. RealtyNorthern Nevada Regional Multiple Listing Service Logo
Photo of Listing #200007624

10241 Zuni Ridge, Reno

$1,890,000 - 4 Beds, 7 Baths, 5,752 Sf

MLS® # 200007624

Dickson Realty - Damonte RanchNorthern Nevada Regional Multiple Listing Service Logo
Photo of Listing #200005611

5920 Flowering Sage Court, Reno

$1,850,000 - 5 Beds, 5 Baths, 4,739 Sf

MLS® # 200005611

Sierra Sotheby's Intl. RealtyNorthern Nevada Regional Multiple Listing Service Logo
Photo of Listing #200004111

6177 Featherstone, Reno

$1,850,000 - 5 Beds, 6 Baths, 5,360 Sf

MLS® # 200004111

RE/MAX Professionals-SparksNorthern Nevada Regional Multiple Listing Service Logo
Photo of Listing #200001835

5915 Sunset Ridge Court, Reno

$1,824,999 - 4 Beds, 5 Baths, 5,506 Sf

MLS® # 200001835

RedfinNorthern Nevada Regional Multiple Listing Service Logo
Photo of Listing #200006789

3068 Iron Eagle, Reno

$1,795,000 - 4 Beds, 5 Baths, 4,554 Sf

MLS® # 200006789

Dickson Realty - CaughlinNorthern Nevada Regional Multiple Listing Service Logo
Photo of Listing #200006151

10275 Copper Cloud Drive, Reno

$1,775,000 - 5 Beds, 5 Baths, 5,109 Sf

MLS® # 200006151

Dickson Realty - CaughlinNorthern Nevada Regional Multiple Listing Service Logo
Photo of Listing #200008735

5734 Muirfield Court, Reno

$1,495,000 - 4 Beds, 5 Baths, 4,046 Sf

MLS® # 200008735

Ferrari-Lund Real Estate SouthNorthern Nevada Regional Multiple Listing Service Logo
Photo of Listing #200003721

6160 Featherstone Circle, Reno

$1,399,000 - 4 Beds, 4 Baths, 4,329 Sf

MLS® # 200003721

Reno RealtyNorthern Nevada Regional Multiple Listing Service Logo
Photo of Listing #200008748

5723 Cedar Trace, Reno

$1,350,000 - 3 Beds, 4 Baths, 3,782 Sf

MLS® # 200008748

Chase International-DamonteNorthern Nevada Regional Multiple Listing Service Logo
Photo of Listing #200000814

10286 Morning Song Trail, Reno

$1,330,000 - 4 Beds, 3 Baths, 3,773 Sf

MLS® # 200000814

Chase International-DamonteNorthern Nevada Regional Multiple Listing Service Logo
Photo of Listing #200005737

5710 Cedar Trace Court, Reno

$1,329,000 - 4 Beds, 4 Baths, 3,847 Sf

MLS® # 200005737

Dickson Realty - CaughlinNorthern Nevada Regional Multiple Listing Service Logo

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Northern Nevada Regional Multiple Listing Service Logo The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than Chase International are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage.

The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Listing information last updated on July 10th, 2020 at 3:56am CDT.

© 2020 Incline Village Board of Realtors® MLS (INVBOR). Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Information is deemed reliable but is not guaranteed.

Listing information last updated on July 10th, 2020 at 3:46am CDT.

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