2023 Year-End Tahoe Reno Carson Market Stats

2023 YEAR-END MARKET STATS LAKE TAHOE | TRUCKEE | RENO | SPARKS | CARSON VALLEY | CARSON CITY | FERNLEY | LAKE ALMANOR

9814THGREENTAHOE.COM

Check current market value for your home at chaseinternational.com/value

Lake Tahoe 2023 Year-End Statistics | January 1st - December 31st

2023 vs 2022

EAST SHORE

SINGLE FAMILY

Volume Units Median Price Average Price Units Under $1M Units Over $1M

NORTH & WEST SHORE

INCLINE VILLAGE

SOUTH SHORE

SINGLE FAMILY

Volume Units Median Price Average Price Units Under $1M Units Over $1M

SINGLE FAMILY

Volume Units Median Price Average Price Units Under $1M Units Over $1M

SINGLE FAMILY

Volume Units Median Price Average Price Units Under $1M Units Over $1M

LAKE TOTALS

SINGLE FAMILY

Volume Units Median Price Average Price Units Under $1M Units Over $1M

2023

2022

%

$188,984,984 89 $1,550,000 $2,123,426 15 74

$221,663,000 84 $1,552,500 $2,638,845 13 71

-15% 6% 0% -20% 15% 4%

CONDOS

Volume Units Median Price Average Price Units Under $500K Units Over $500K

2023

2022

%

$59,619,899 63 $675,000 $946,347 12 51

$81,407,000 85 $680,000 $957,729 23 62

-27% -26% -1% -1% -48% -18%

2023

2022

%

CONDOS

2023

2022

%

$350,687,758

$533,024,478

-34%

Volume

$35,421,828

$45,845,413

-23%

411 $700,000 $853,255 326 85

585 $710,000 $911,153 439 146

-30% -1% -6% -26% -42%

Units Median Price Average Price Units Under $500K Units Over $500K

55 $500,000 $644,033 27 28

77 $490,000 $595,395 41 36

-29% 2% 8% -34% -22%

2023

2022

%

CONDOS

$436,533,557 136 $2,250,000 $3,209,806 13 123

$416,482,882 142 $2,342,500 $2,932,978 14 128

5% -4% -4% 9% -7% -4%

Volume Units Median Price Average Price Units Under $500K Units Over $500K

CONDOS

2023

2022

%

$357,862,058 231 $1,150,000 $1,459,186 89 142

$413,212,082 232 $1,128,000 $1,781,086 91 141

-13% 0% 2% -18% -2% 1%

2023

2022

%

$1,334,068,357 867 $980,000 1,538,718 443 424

$1,584,382,442 1043 $935,000 $ 1,519,063 557 486

-16% -17% 5% 1% -20% -13%

Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 01/01/2024.

Volume Units Median Price Average Price Units Under $500K Units Over $500K

CONDOS

Volume Units Median Price Average Price Units Under $500K Units Over $500K

2023

2022

%

$136,752,211 109 $900,000 $1,254,607 1 108

$143,269,950 128 $950,000 $1,119,296 6 122

-5% -15% -5% 12% -83% -11%

2023

2022

%

$71,677,100 76 $667,500 $943,119 17 59

$47,964,800 55 $705,000 $872,087 18 37

49% 38% -5% 8% -6% 59%

2023

2022

%

$303,471,038 303 $760,000 1,001,555 57 246

$318,487,163 345 $735,000 $ 923,151 88 257

-5% -12% 3% 8% -35% -4%

Lake Tahoe 2023 Year-End Statistics | January 1st - December 31st

2023 vs 2022 SALES VOLUME

UNITS SOLD 1500

$2000 -16% DECREASE

-17% DECREASE

$1500 1000

$ IN MILLIONS

$1000 -31% DECREASE -5% DECREASE

500

$500

0

$0 $1,334,068,357 2023

$1,584,382,442 2022

SINGLE FAMILY

$303,471,038 2023

876 2023

$318,487,163 2022

303 2023

1,043 2022

CONDOS

SINGLE FAMILY

CONDOS

345 2022

MEDIAN & AVERAGE PRICE $2

$ IN MILLIONS

1% INCREASE

$1.5

5% INCREASE

8% INCREASE

3% INCREASE

$1

$0 $980,000

$935,000

$1,538,718

$1,519,063

$760,000

$735,000

$1,001,555

$923,151

Median 2023

Median 2022

Average 2023

Average 2022

Median 2023

Median 2022

Average 2023

Average 2022

SINGLE FAMILY

Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 01/01/2024.

CONDOS

East Shore 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume

$188,984,984

$221,663,000

-15%

Units

89

84

6%

Median Price

$1,550,000

$1,552,500

0%

Average Price

$2,123,426

$2,638,845

-20%

Units Under $1M

15

13

15%

Units Over $1M

74

71

4%

CONDOS

2023

2022

% Change

Volume

$59,619,899

$81,407,000

-27%

Units

63

85

-26%

Median Price

$675,000

$680,000

-1%

Average Price

$946,347

$957,729

-1%

Units Under $500K

12

23

-48%

Units Over $500K

51

62

-18%

775.588.6130 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 1/01/2024.

East Shore 2023 Single Family Year-End Statistics | January 1st - December 31st

20

89 Units Sold

16

12

8

4

0

0

6

9

27

16

18

7

6

$0-

$500,000-

$750,000-

$1,000,000-

$1,500,000-

$2,000,000-

$3,000,000-

Over

$749,999

$999,999

$1,499,999

$1,999,999

$2,999,999

$4,999,999

$5,000,000

$499,999

South Shore 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume

$350,687,758

$533,024,478

-34%

Units

411

585

-30%

Median Price

$700,000

$710,000

-1%

Average Price

$853,255

$911,153

-6%

Units Under $1M

326

439

-26%

Units Over $1M

85

146

-42%

CONDOS

2023

2022

% Change

Volume

$35,421,828

$45,845,413

-23%

Units

55

77

-29%

Median Price

$500,000

$490,000

2%

Average Price

$644,033

$595,395

8%

Units Under $500K

27

41

-34%

Units Over $500K

28

36

-22%

530.544.2121 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 01/01/2024.

South Shore 2023 Single Family Year-End Statistics | January 1st - December 31st

200

411 Units Sold

160

120

80

40

0

65

176

85

49

21

15

$0$499,999

$500,000$749,999

$750,000$999,999

$1,000,000$1,499,999

$1,500,000$1,999,999

Over $2,000,000

Incline Village 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume

$436,533,557

$416,482,882

5%

Units

136

142

-4%

Median Price

$2,250,000

$2,342,500

-4%

Average Price

$3,209,806

$2,932,978

9%

Units Under $1M

13

14

-7%

Units Over $1M

123

128

-4%

CONDOS

2023

2022

% Change

Volume

$136,752,211

$143,269,950

-5%

Units

109

128

-15%

Median Price

$900,000

$950,000

-5%

Average Price

$1,254,607

$1,119,296

12%

Units Under $500K

1

6

-83%

Units Over $500K

108

122

-11%

775.831.7300 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 01/01/2024.

Incline Village 2023 Single Family Year-End Statistics | January 1st - December 31st

136 Units Sold

35

28

21

14

7

0

2

11

21

27

32

24

19

$0-

$750,000-

$1,000,000-

$1,500,000-

$2,000,000-

$3,000,000-

Over

$749,999

$999,999

$1,499,999

$1,999,999

$2,999,999

$4,999,999

$5,000,000 *INCLUDES PUD’S

North & West Shore 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume

$357,862,058

$413,212,082

-13%

Units

231

232

0%

Median Price

$1,150,000

$1,128,000

2%

Average Price

$1,459,186

$1,781,086

-18%

Units Under $1M

89

91

-2%

Units Over $1M

142

141

1%

CONDOS

2023

2022

% Change

Volume

$71,677,100

$47,964,800

49%

Units

76

55

38%

Median Price

$667,500

$705,000

-5%

Average Price

$943,119

$872,087

8%

Units Under $500K

17

18

-6%

Units Over $500K

59

37

59%

530.581.0722 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 01/01/2024.

North & West Shore 2023 Single Family Year-End Statistics | January 1st - December 31st

231 Units Sold

60

40

20

0

0

36

53

72

35

27

$0-

$500,000-

$750,000-

$1,000,000-

$1,500,000-

$2,000,000-

Over

$499,999

$749,999

$999,999

$1,499,999

$1,999,999

$4,999,999

$5,000,000

8

Truckee 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume

$954,581,052

$1,267,694,639

-25%

Units

522

677

-23%

Median Price

$1,195,000

$1,250,000

-4%

Average Price

$1,828,699

$1,872,517

-2%

Units Under $1M

183

223

-18%

Units Over $1M

339

454

-25%

CONDOS

2023

2022

% Change

Volume

$195,201,984

$174,398,137

12%

Units

194

192

1%

Median Price

$738,750

$742,500

-1%

Average Price

$1,006,195

$908,323

11%

Units Under $500K

36

42

-14%

Units Over $500K

158

150

5%

530.550.2464 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 01/01/2024.

Truckee 2023 Single Family Year-End Statistics | January 1st - December 31st

200

522 Units Sold 150

100

0

6

60

117

156

67

$0$449,999

$500,000$749,999

$750,000$999,999

$1,000,000$1,499,999

$1,500,000$1,999,999

79

37

$2,000,000Over $4,999,999 $5,000,000

Tahoe Donner 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume

$214,932,299

$338,798,791

-37%

Units

180

260

-31%

Median Price

$1,107,500

$1,200,000

-8%

Average Price

$1,194,068

$1,303,072

-8%

Units Under $1M

67

83

-19%

Units Over $1M

113

177

-36%

CONDOS

2023

2022

% Change

Volume

$20,691,700

$20,970,200

-1%

Units

37

40

-8%

Median Price

$560,000

$548,350

2%

Average Price

$559,235

$524,255

7%

Units Under $500K

14

18

-22%

Units Over $500K

23

22

5%

530.550.2464 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 01/01/2024.

Tahoe Donner 2023 Single Family Year-End Statistics | January 1st - December 31st

100

180 Units Sold

80

60

40

20

0

0

17

50

78

27

8

$0$499,999

$500,000$749,999

$750,000$999,999

$1,000,000$1,499,999

$1,500,000$1,999,999

Over $2,000,000

Reno-Sparks-Carson 2023 Year-End Statistics | January 1st - December 31st

2023 vs 2022

RENO

SINGLE FAMILY

Volume Units Median Price Average Price Units Under $1M Units Over $1M

SPARKS

SINGLE FAMILY

Volume Units Median Price Average Price Units Under $1M Units Over $1M

RENO/SPARKS

SINGLE FAMILY

Volume Units Median Price Average Price Units Under $1M Units Over $1M

CARSON VALLEY

CARSON CITY

SINGLE FAMILY

Volume Units Median Price Average Price Units Under $1M Units Over $1M

SINGLE FAMILY

Volume Units Median Price Average Price Units Under $1M Units Over $1M

2023

2022

%

$2,192,504,542 2,969 $580,000 $738,465 2,534 435

$2,622,239,775 3,607 $590,000 $726,986 3,085 522

-16% -18% -2% 2% -18% -17%

2023

2022

%

$758,083,300 1,380 $523,456 $549,335 1,352 28

$882,095,241 1,571 $534,900 $561,486 1538 33

-14% -12% -2% -2% -12% -15%

2023

2022

%

$2,950,587,842 4,349 $555,000 $678,452 3,886 463

$3,504,335,016 5,178 $565,000 $676,773 4623 555

-16% -16% -2% 0% -16% -17%

2023

2022

%

$285,240,775 510 $502,500 $559,295 494 16

$364,650,973 639 $498,000 $570,658 615 24

-22% -20% 1% -2% -20% -33%

2023

2022

%

$479,215,257 589 $600,000 $813,608 493 96

$522,317,719 686 $600,000 $761,396 589 97

-8% -14% 0% 7% -16% -1%

Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 01/01/2024.

CONDOS

Volume Units Median Price Average Price Units Under $500K Units Over $500K

CONDOS

Volume Units Median Price Average Price Units Under $500K Units Over $500K

CONDOS

Volume Units Median Price Average Price Units Under $500K Units Over $500K

CONDOS

Volume Units Median Price Average Price Units Under $500K Units Over $500K

2023

2022

%

$269,390,547 716 $333,950 $376,243 618 98

$270,726,216 767 $340,000 $352,967 668 99

0% -7% -2% 7% -7% -1%

2023

2022

%

$60,166,013 186 $318,500 $323,473 184 2

$67,309,525 215 $300,000 $313,067 208 7

-11% -13% 6% 3% -12% -71%

2023

2022

%

$329,556,560 902 $330,000 $365,362 802 100

$338,035,741 982 $329,500 $344,231 876 106

-3% -8% 0% 6% -8% -6%

2023

2022

%

$29,062,555 90 $325,000 $322,917 90 0

$37,800,538 119 $305,000 $317,651 119 0

-23% -24% 7% 2% -24% 100%

Reno-Sparks 2023 Year-End Statistics | January 1st - December 31st

2023 vs 2022 SALES VOLUME $4000

UNITS SOLD 6,000

-16% DECREASE

-16% DECREASE

$3000 4,000

$ IN MILLIONS

$2000 2,000 $1000

-8% DECREASE

-3% DECREASE

0

$0 $2,950,587,842 $3,504,335,016 2023 2022

$329,556,560 2023

$338,035,741 2022

902 2023

5,178 2022

982 2022

CONDOS

SINGLE FAMILY

CONDOS

SINGLE FAMILY

4,349 2023

MEDIAN & AVERAGE PRICE $700,000 0% INCREASE

$600,000 $500,000

-2% INCREASE 6% INCREASE

$400,000

0% INCREASE

$300,000 $200,000 $100,000 $0 $555,000

$565,000

$678,452

$676,773

$330,000

$329,000

$365,362

$344,231

Median 2023

Median 2022

Average 2023

Average 2022

Median 2023

Median 2022

Average 2023

Average 2022

SINGLE FAMILY

Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 01/03/2023.

CONDOS

Reno 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume

$2,192,504,542

$2,622,239,775

-16%

Units

2,969

3,607

-18%

Median Price

$580,000

$590,000

-2%

Average Price

$738,465

$726,986

2%

Units Under $1M

2,534

3,085

-18%

Units Over $1M

435

522

-17%

CONDOS

2023

2022

% Change

Volume

$269,390,547

$270,726,216

0%

Units

716

767

-7%

Median Price

$333,950

$340,000

-2%

Average Price

$376,243

$352,967

7%

Units Under $500K

618

668

-7%

Units Over $500K

98

99

-1%

775.850.5900 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 01/01/2024.

Reno 2023 Single Family Year-End Statistics | January 1st - December 31st

1,000

2,969 Units Sold

800

600

400

200

0

40

256

732

1,086

420

435

$0$299,999

$300,000$399,999

$400,000$499,999

$500,000$749,999

$750,000$999,999

Over $1,000,000

Sparks 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume

$758,083,300

$882,095,241

-14%

Units

1,380

1,571

-12%

Median Price

$523,456

$534,900

-2%

Average Price

$549,335

$561,486

-2%

Units Under $1M

1,352

1,538

-12%

Units Over $1M

28

33

-15%

CONDOS

2023

2022

% Change

Volume

$60,166,013

$67,309,525

-11%

Units

186

215

-13%

Median Price

$318,500

$300,000

6%

Average Price

$323,473

$313,067

3%

Units Under $500K

184

208

-12%

Units Over $500K

2

7

-71%

775.737.5900 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 01/01/2024

Sparks 2023 Single Family Year-End Statistics | January 1st - December 31st

800

1,380 Units Sold

600

400

200

0

16

126

443

684

83

283

$0$299,999

$300,000$399,999

$400,000$499,999

$500,000$749,999

$750,000$999,999

Over $1,000,000

Carson Valley 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume

$479,215,257

$522,317,719

-8%

Units

589

686

-14%

Median Price

$600,000

$600,000

0%

Average Price

$813,608

$761,396

7%

Units Under $1M

493

589

-16%

Units Over $1M

96

97

-1%

775.782.2777 | chaseinternational.com Information gathered from NNRMLS 01/01/2024.

Carson Valley 2023 Single Family Year-End Statistics | January 1st - December 31st

250

589 Units Sold

200

150

100

50

0

6

39

128

226

94

96

$0$299,999

$300,000$399,999

$400,000$499,999

$500,000$749,999

$750,000$999,999

Over$1,000,000

Carson City 2023 Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume

$285,240,775

$364,650,973

-22%

Units

510

639

-20%

Median Price

$502,500

$498,000

1%

Average Price

$559,295

$570,658

-2%

Units Under $1M

494

615

-20%

Units Over $1M

16

24

-33%

CONDOS

2023

2022

% Change

Volume

$29,062,555

$37,800,538

-23%

Units

90

119

-24%

Median Price

$325,000

$305,000

7%

Average Price

$322,917

$317,651

2%

Units Under $500K

90

119

-24%

Units Over $500K

0

0

100%

775.782.2777 | chaseinternational.com Information gathered from NNRMLS 01/01/2024.

Carson City 2023 Single Family Year-End Statistics | January 1st - December 31st

200

510 Units Sold

150

100

50

0

8

86

159

184

57

16

$0$299,999

$300,000$399,999

$400,000$499,999

$500,000$749,999

$750,000$999,999

Over$1,000,000

Fernley 2023 Single Family Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume

$183,685,154

$198,602,362

-8%

Units

469

493

-5%

Median Price

$375,000

$385,000

-3%

Average Price

$391,652

$402,844

-3%

Units Under $1M

468

493

-5%

Units Over $1M

1

0

0%

775.782.2777 | chaseinternational.com Information gathered from NNRMLS 01/01/2024.

Fernley 2023 Single Family Year-End Statistics | January 1st - December 31st

300

469 Units Sold

250

200

150

100

50

0

33

293

93

50

$0$299,999

$300,000$399,999

$400,000$499,999

Over $500,000

Lake Almanor 2023 Single Family Year-End Statistics | January 1st - December 31st

SINGLE FAMILY

2023

2022

% Change

Volume

$97,212,455

$132,181,921

-26%

Units

200

268

-25%

Median Price

$361,500

$392,500

-8%

Average Price

$486,062

$493,216

-1%

Units Under $1M

188

248

-24%

Units Over $1M

12

21

-43%

775.782.2777 | chaseinternational.com Information gathered from Plumas MLS 01/01/2024.

Lake Almanor 2023 Single Family Year-End Statistics | January 1st - December 31st

60

70

200 Units Sold

50

40

30

20

10

0

58

57

24

34

15

12

$0$299,999

$300,000$399,999

$400,000$499,999

$500,000$749,999

$750,000$999,999

Over$1,000,000

ONE COMPANY. ONE HEART. ONE PHILOSOPHY. $7 BILLION IN 3 YEARS. Chase International is one of the nation’s most successful independent real estate firms specializing in unique and distinctive properties in the Tahoe/Reno region. With more than 350 compassionate and determined REALTORS® in 14 locations, we are committed to our clients’ success. We have more qualified luxury professionals and top lakefront specialists with the experience and connections to serve all your needs.

THE LEADER IN LUXURY REAL ESTATE

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CHASEINTERNATIONAL.COM

Zephyr Cove | Glenbrook | Incline Village | South Lake Tahoe | Tahoe City | Truckee Reno | Sparks | Carson Valley | Henderson | Lake Almanor | Roseville | London