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MICROMARKET

REPORT Reno | Quarter 3 2016

TA H O E M I C R O R E P O R TS . C O M


MICROMARKET REPORT | RENO QUARTER 3 2016 | TAHOEMICROREPORTS.COM


RENO | MARKETS BY AREA

ALL SOUTHWEST RENO

Single Family

January through September

Single Family

2015

2016

% Change

Median Price

$480,000

$509,000

6%

Average List Price

$610,409

$621,238

2%

Average Sold Price

$588,104

$599,386

2%

124

118

-5%

Highest Sold Price

$8,000,000

$2,500,000

-69%

Lowest Sold Price

$96,500

$180,000

87%

Average Days on Market

Properties Sold

671

620

-8%

% Sold Price to Average List Price

96%

96%

0%

$394,617,808

$371,619,925

-6%

Total Dollar Volume Sold

ALL SOUTHWEST RENO

Condo

January through September

2015

2016

% Change

Median Price

$175,000

$221,250

26%

Average List Price

$185,410

$218,738

18%

Average Sold Price

$181,656

$213,917

18%

103

109

6%

Highest Sold Price

$615,000

$429,000

-30%

Lowest Sold Price

$34,000

$50,000

47%

Average Days on Market

Properties Sold

125

122

-2%

% Sold Price to Average List Price

98%

98%

0%

$22,707,094

$26,097,956

15%

Total Dollar Volume Sold

WEST SOUTHWEST

January through September

All Properties

Condo

All Properties

2015

2016

% Change

Median Price

$485,000

$517,500

7%

Average List Price

$604,574

$625,954

4%

Average Sold Price

$586,580

$601,718

3%

Average Days on Market

108

108

0%

Highest Sold Price

$2,200,000

$1,725,000

-22%

Lowest Sold Price

$244,000

$281,500

15%

Properties Sold

100

84

-16%

% Sold Price to Average List Price

97%

96%

-1%

$58,658,050

$50,544,350

-14%

Total Dollar Volume Sold

MICROMARKET REPORT | RENO QUARTER 3 2016 | TAHOEMICROREPORTS.COM


RENO | MARKETS BY AREA

SOUTHWEST

Alll Properties

January through September

All Properties

2015

2016

% Change

Median Price

$349,900

$380,000

9%

Average List Price

$386,652

$396,754

3%

Average Sold Price

$369,194

$386,997

5%

105

113

8%

Highest Sold Price

$8,000,000

$1,100,000

-86%

Lowest Sold Price

$34,000

$50,000

47%

Average Days on Market

Properties Sold

357

343

-4%

% Sold Price to Average List Price

95%

98%

2%

$131,802,263

$132,740,029

1%

Total Dollar Volume Sold

OLD SOUTH SUBURBAN

Alll Properties

January through September

2015

2016

% Change

Median Price

$387,500

$365,000

-6%

Average List Price

$550,237

$547,851

0%

Average Sold Price

$525,787

$516,251

-2%

101

108

7%

Highest Sold Price

$3,050,000

$2,500,000

-18%

Lowest Sold Price

$97,000

$145,000

49%

Average Days on Market

Properties Sold % Sold Price to Average List Price Total Dollar Volume Sold

SOUTH SUBURBAN

January through September

Alll Properties

All Properties

76

61

-20%

96%

94%

-1%

$39,959,850

$31,491,320

-21% All Properties

2015

2016

% Change

Median Price

$599,000

$610,000

2%

Average List Price

$642,292

$692,697

8%

Average Sold Price

$624,509

$670,164

7%

Average Days on Market

132

118

-11%

Highest Sold Price

$1,850,000

$1,850,000

0%

Lowest Sold Price

$175,000

$189,000

8%

Properties Sold

193

191

-1%

% Sold Price to Average List Price

97%

97%

0%

$120,530,404

$128,001,370

6%

Total Dollar Volume Sold

MICROMARKET REPORT | RENO QUARTER 3 2016 | TAHOEMICROREPORTS.COM


RENO | MARKETS BY AREA

SOUTHWEST SUBURBAN

Alll Properties

January through September

All Properties

2015

2016

% Change

Median Price

$762,000

$787,500

3%

Average List Price

$978,405

$902,934

-8%

Average Sold Price

$948,204

$863,370

-9%

209

158

-24%

Highest Sold Price

$2,300,000

$2,450,000

7%

Lowest Sold Price

$337,500

$390,000

16%

Average Days on Market

Properties Sold % Sold Price to Average List Price Total Dollar Volume Sold

MICROMARKET REPORT | RENO QUARTER 3 2016 | TAHOEMICROREPORTS.COM

70

64

-9%

97%

96%

-1%

$66,374,335

$55,255,712

-17%


LUXURY REAL ESTATE EXPERTS TAHOE DONNER

11382 Northwoods Boulevard Truckee, CA 96161 530.587.3505

DOWNTOWN TRUCKEE 10044 Donner Pass Road Truckee, CA 96161 530.587.3500

INCLINE VILLAGE 570 Lakeshore Boulevard Incline Village, CA 89451 775.832.4900

SQUAW VALLEY

1750 Village East Road #63B Olympic Valley, CA 96146 530.581.1800

TAHOE CITY LAKESIDE 950 North Lake Boulevard Tahoe City, CA 96145 530.583.4004

TAHOE CITY GALLERY 695 North Lake Boulevard Tahoe City, CA 96145 530.282.1436

SOUTH LAKE TAHOE 2247 Lake Tahoe Boulevard South Lake Tahoe, 96150 530.494.7600

HEAVENLY VILLAGE

1001 Heavenly Village Way, Suite #36A South Lake Tahoe, CA 96150 530.541.4002

MICROMARKET REPORT | RENO QUARTER 3 2016 | TAHOEMICROREPORTS.COM


Lake. Ski. Golf. Farm & Ranch.

tahoemicroreports.com | sierrasothebysrealty.com

Quarter 3 2016 Reno MMR  
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