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MICROMARKET

REPORT Reno | Quarter 1 2017

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


RENO NEIGHBORHOODS

1. West Southwest

3. Old South Suburban

2. Southwest

4. South Suburban

MICROMARKET REPORT | RENO QUARTER 1 2017 | TAHOEMICROREPORTS.COM

5. Southwest Suburban


RENO | MARKETS BY AREA

ALL SOUTHWEST RENO

Single Family

January through March

Single Family

2016

2017

% Change

Median Sales Price

$507,250

$538,000

6%

Average Sold Price

$595,271

$594,686

0%

138

126

-9%

Highest Sold Price

$2,450,000

$1,850,000

-24%

Lowest Sold Price

$200,000

$219,000

10%

166

176

6%

Average Days on Market

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

96%

97%

1%

$98,815,115

$104,664,814

6%

ALL SOUTHWEST RENO January through March

2016

2017

% Change

Median Sales Price

$208,257

$243,000

17%

Average Sold Price

$214,222

$237,586

11%

148

109

-26%

Highest Sold Price

$390,000

$520,000

33%

Lowest Sold Price

$54,000

$61,000

13%

46

24

-48%

Average Days on Market

Condo

Condo

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

99%

97%

-1%

$9,854,235

$5,702,080

-42%

WEST SOUTHWEST

All Properties

January through March

All Properties

2016

2017

Median Sales Price

$506,550

$515,000

2%

Average Sold Price

$549,015

$563,057

3%

Average Days on Market

% Change

105

123

17%

Highest Sold Price

$1,000,000

$1,410,000

41%

Lowest Sold Price

$295,000

$310,000

5%

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

MICROMARKET REPORT | RENO QUARTER 1 2017 | TAHOEMICROREPORTS.COM

19

26

37%

96%

97%

1%

$10,431,300

$14,639,505

40%


RENO | MARKETS BY AREA

SOUTHWEST

Alll Properties

January through March

All Properties

2016

2017

% Change

Median Sales Price

$335,400

$410,000

22%

Average Sold Price

$363,598

$458,491

26%

144

112

-22%

Highest Sold Price

$1,025,000

$1,425,000

39%

Lowest Sold Price

$54,000

$61,000

13%

101

91

-10%

Average Days on Market

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

-10%

97%

0%

$36,723,450

$41,722,705

14%

OLD SOUTH SUBURBAN

Alll Properties

January through March

All Properties

2016

2017

% Change

Median Sales Price

$325,000

$369,500

14%

Average Sold Price

$335,735

$506,385

51%

91

121

33%

Highest Sold Price

$625,000

$1,418,000

127%

Lowest Sold Price

$200,000

$220,000

10%

17

12

-29%

Average Days on Market

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

97%

96%

-2%

$5,707,500

$7,089,400

24%

SOUTH SUBURBAN

Alll Properties

January through March

All Properties

2016

2017

Median Sales Price

$578,200

$629,250

9%

Average Sold Price

$660,738

$661,457

0%

Average Days on Market

% Change

132

127

-4%

Highest Sold Price

$1,750,000

$1,380,000

-21%

Lowest Sold Price

$189,000

$278,000

47%

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

MICROMARKET REPORT | RENO QUARTER 1 2017 | TAHOEMICROREPORTS.COM

55

52

-5%

96%

97%

1%

$36,340,600

$34,395,784

-5%


RENO | MARKETS BY AREA

SOUTHWEST SUBURBAN

Alll Properties

January through March

All Properties

2016

2017

% Change

Median Sales Price

$826,250

$700,000

-15%

Average Sold Price

$973,325

$736,441

-24%

215

181

-16%

Highest Sold Price

$2,450,000

$1,850,000

-24%

Lowest Sold Price

$440,000

$343,000

-22%

20

17

-15%

Average Days on Market

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

MICROMARKET REPORT | RENO QUARTER 1 2017 | TAHOEMICROREPORTS.COM

95%

96%

1%

$19,466,500

$12,519,500

-36%


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

1750Village 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 1 2017 | TAHOEMICROREPORTS.COM


Lake. Ski. Golf. Farm & Ranch.

tahoemicroreports.com | sierrasothebysrealty.com

Reno 2017 Q1 Real Estate Micro Market Report  

Tahoe, Truckee and surrounding area real estate market trends can vary dramatically from neighborhood to neighborhood. Sierra Sotheby’s Inte...

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