Page 1

MICRO MARKET REPORT RENO Q 3 2 0 17

TA H O E M I C RO R E P O RTS.CO M


RENO NEIGHBORHOODS

1

2

3

4

5

1 West Southwest

3 Old South Suburban

2 Southwest

4 South Suburban

R E N O, Q 3 20 17

5 Southwest Suburban

TA H O E M I C RO R E P O RTS.CO M


RENO

| MICRO MARKET STATS

January through September

ALL SOUTHWEST RENO single family

2016

2017

Change

Median Price

$509,000

$567,400

11%

Average Sold Price

$598,837

$677,486

13%

118

122

3%

Highest Sold Price

$2,500,000

$3,400,000

36%

Lowest Sold Price

$180,000

$200,000

11%

Properties Sold

626

750

20%

% Sold Price to Average List Price

96%

97%

1%

$374,872,425

$508,114,909

36%

2016

2017

Change

Median Price

$220,000

$239,000

9%

Average Sold Price

$212,822

$224,774

6%

106

77

-27%

Highest Sold Price

$429,000

$520,000

21%

Lowest Sold Price

$50,000

$50,000

0%

127

97

-24%

98%

98%

0%

$27,028,456

$21,803,163

-19%

Average Days on Market

Total Dollar Volume Sold

January through September

ALL SOUTHWEST RENO condos

Average Days on Market

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

R E N O, Q 3 20 17

TA H O E M I C RO R E P O RTS.CO M


RENO

| MICRO MARKET STATS

January through September

WEST SOUTHWEST all properties

2016

2017

Change

Median Price

$510,000

$524,500

3%

Average Sold Price

$599,045

$671,137

12%

107

124

16%

Highest Sold Price

$1,725,000

$2,650,000

54%

Lowest Sold Price

$281,500

$310,000

10%

85

122

44%

96%

97%

1%

$50,918,850

$81,878,743

61%

2016

2017

Change

Median Price

$421,708

$458,000

9%

Average Sold Price

$459,720

$519,811

13%

110

101

-8%

$1,100,000

$1,596,000

45%

$180,000

$200,000

11%

Properties Sold

248

255

3%

% Sold Price to Average List Price

98%

98%

0%

$114,010,573

$132,552,026

16%

Average Days on Market

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

January through September

SOUTHWEST all properties

Average Days on Market Highest Sold Price Lowest Sold Price

Total Dollar Volume Sold

R E N O, Q 3 20 17

TA H O E M I C RO R E P O RTS.CO M


RENO

| MICRO MARKET STATS

2016

2017

Median Price

$367,500

$420,800

15%

Average Sold Price

$517,360

$670,016

30%

January through September

OLD SOUTH SUBURBAN all properties

Average Days on Market

108

125

16%

Highest Sold Price

$2,500,000

$3,250,000

30%

Lowest Sold Price

$195,000

$220,000

13%

62

83

34%

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

January through September

SOUTH SUBURBAN all properties

2% 73%

2016

2017

Change

$689,500

4%

Average Sold Price

$734,589

$754,627

3% -2%

Average Days on Market

123

121

Highest Sold Price

$1,850,000

$1,950,000

5%

Lowest Sold Price

$270,000

$340,000

26%

168

204

21%

Properties Sold

January through September

97%

98%

1%

$123,410,970

$153,944,086

25%

2016

2017

Change

Median Price

$775,000

$845,000

9%

Average Sold Price

$864,376

$978,240

13%

161

182

13%

Highest Sold Price

$2,450,000

$3,400,000

39%

Lowest Sold Price

$390,000

$343,000

-12% 37%

Average Days on Market

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

R E N O, Q 3 20 17

96% $55,611,350

$662,500

Total Dollar Volume Sold

all properties

94% $32,076,320

Median Price

% Sold Price to Average List Price

SOUTHWEST SUBURBAN

Change

63

86

96%

97%

1%

$54,455,712

$84,128,704

54%

TA H O E M I C RO R E P O RTS.CO M


W E

A R E

LOCAL EXPERTS Over 120 local real estate experts at 10 Sierra Sotheby’s International Realty locations throughout the Lake Tahoe area.

VILLAGE AT NORTHSTAR 4001 Northstar Drive #4105 Truckee, CA 96161 SQUAW VALLEY 1750 Village East Road #63B Olympic Valley, CA 96146 HEAVENLY / STATELINE 1001 Heavenly Village Way #36A South Lake Tahoe, CA 96150 INCLINE VILLAGE 570 Lakeshore Boulevard Incline Village, NV 89451 TAHOE DONNER 11382 Northwoods Boulevard Truckee, CA 96161 DOWNTOWN TRUCKEE 10044 Donner Pass Road Truckee, CA 96161 TAHOE CITY - GALLERY 695 North Lake Boulevard Tahoe City, CA 96145 TAHOE CITY - LAKESIDE 950 North Lake Boulevard Tahoe City, CA 96145 SOUTH LAKE TAHOE 2247 Lake Tahoe Boulevard South Lake Tahoe, CA 96150 NEW - RENO Coming Fall 2017 to The Summit Reno, NV 89511


WE ARE THE VOICE OF TAHOE REAL ESTATE

tahoemicroreports.com | sierrasothebysrealty.com | #tahoegoodlife

INCLINE VILLAGE

|

SOUTH LAKE TAHOE

|

SQUAW VALLEY

|

TAHOE CITY

|

TAHOE DONNER

|

DOWNTOWN TRUCKEE

HEAVENLY VILLAGE/STATELINE | NORTHSTAR | THE SUMMIT, RENO | CA BRE# 02018110

Reno 2017 Q3 Real Estate Micro Market Report  

Third quarter 2017 real estate market statistics for Reno, Nevada including South, Southwest and South Suburban Reno.