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MICRO MARKET REPORT RENO Q UA RT E R 1 20 1 9

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


MARKET SNAPSHOT Average Sold Price Quarter 1 2019

1%

0%

ALL SOUTHWEST SINGLE FAMILY

ALL SOUTHWEST CONDO

2018....... $805,989

2018....... $251,567

2019....... $798,108

2019....... $252,611

2%

4%

WEST SOUTHWEST SINGLE FAMILY

SOUTHWEST SINGLE FAMILY

2018....... $738,835

2018....... $581,914

2019....... $722,079

2019....... $559,538

28 %

16 %

OLD SOUTH SUBURBAN SINGLE FAMILY

SOUTH SUBURBAN SINGLE FAMILY

2018....... $1,028,536

2018....... $829,927

2019....... $741,252

2019....... $965,923

R E N O, Q 1 2 0 1 9

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


MARKET SNAPSHOT Average Sold Price Quarter 1 2019

1%

11 %

SOUTHWEST SUBURBAN SINGLE FAMILY

SOUTH MEADOWS SINGLE FAMILY

2018....... $1,191,037

2018....... $435,429

2019....... $1,206,427

2019....... $481,659

15 %

2%

NORTHWEST FOOTHILLS/ SOMERSETT SINGLE FAMILY

SPARKS SINGLE FAMILY

2018....... $495,261

2018....... $304,564

2019....... $568,793

2019....... $310,369

1% SPANISH SPRINGS 2018....... $404,932 2019....... $408,952

R E N O, Q 1 2 0 1 9

9% FERNLEY SINGLE FAMILY 2018....... $251,179 2019....... $274,774

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


RENO

| MICRO MARKET STATS

January through March

ALL SOUTHWEST single family

2018

2019

Change

Median Price

$687,500

$665,000

-3%

Average Sold Price

$805,989

$798,108

-1%

137

122

-11%

Highest Sold Price

$3,550,000

$3,100,000

-13%

Lowest Sold Price

$265,000

$345,000

30%

Properties Sold

227

133

-41%

% Sold Price to Average List Price

96%

98%

2%

$182,959,679

$106,148,381

-42%

Average Days on Market

Total Dollar Volume Sold

January through March

ALL SOUTHWEST condo

2018

2019

Change

Median Price

$265,000

$235,300

-11%

Average Sold Price

$251,567

$252,611

0%

74

92

24%

Highest Sold Price

$440,000

$540,000

23%

Lowest Sold Price

$80,000

$84,000

5%

28

22

-21%

99%

97%

-2%

$7,043,900

$5,557,450

-21%

Average Days on Market

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

R E N O, Q 1 2 0 1 9

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


RENO

| MICRO MARKET STATS

January through March

SOUTHWEST single family

2018

2019

Change

Median Price

$537,500

$510,000

-5%

Average Sold Price

$581,914

$559,538

-4%

124

105

-15%

Highest Sold Price

$1,720,000

$1,250,000

-27%

Lowest Sold Price

$340,000

$345,000

1%

78

43

-45%

97%

98%

1%

$45,389,357

$24,060,161

-47%

2018

2019

Change

Median Price

$716,000

$610,000

-15%

Average Sold Price

$738,835

$722,079

-2%

163

119

-27%

Highest Sold Price

$1,399,000

$1,662,374

19%

Lowest Sold Price

$340,000

$383,000

13%

34

19

-44%

99%

100%

1%

$25,120,423

$13,719,513

-45%

Average Days on Market

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

January through March

WEST SOUTHWEST single family

Average Days on Market

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

R E N O, Q 1 2 0 1 9

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


RENO

| MICRO MARKET STATS

January through March

2018

2019

Change

$749,950

$685,000

-9%

$1,028,536

$741,252

-28%

176

112

-36%

Highest Sold Price

$2,600,000

$1,540,000

-41%

Lowest Sold Price

$265,000

$345,000

30%

22

17

-23%

94%

97%

3%

$22,627,800

$12,601,300

-44%

Median Price

OLD SOUTH SUBURBAN single family

Average Sold Price Average Days on Market

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

January through March

SOUTH SUBURBAN single family

2018

2019

Change

Median Price

$804,500

$900,000

12%

Average Sold Price

$829,927

$965,923

16%

114

133

17%

Highest Sold Price

$2,103,000

$1,900,000

-10%

Lowest Sold Price

$440,000

$470,000

7%

58

39

-33%

97%

97%

0%

$48,135,799

$37,671,000

-22%

Average Days on Market

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

R E N O, Q 1 2 0 1 9

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


RENO

| MICRO MARKET STATS

January through March

SOUTHWEST SUBURBAN

2018

2019

Change

Median Price

$1,049,000

$975,000

-7%

Average Sold Price

$1,191,037

$1,206,427

1%

158

156

-1%

Highest Sold Price

$3,550,000

$3,100,000

-13%

Lowest Sold Price

$310,000

$479,000

55%

35

15

-57%

95%

100%

4%

$41,686,300

$18,096,407

-57%

2018

2019

Change

Median Price

$417,104

$465,000

11%

Average Sold Price

$435,429

$481,659

11%

66

110

67%

Highest Sold Price

$710,000

$1,557,995

119%

Lowest Sold Price

$285,000

$280,000

-2%

Properties Sold

122

110

-10%

% Sold Price to Average List Price

99%

99%

-1%

$53,122,439

$52,982,596

0%

Average Days on Market

Properties Sold

single family

% Sold Price to Average List Price Total Dollar Volume Sold

January through March

SOUTH MEADOWS single family

Average Days on Market

Total Dollar Volume Sold

R E N O, Q 1 2 0 1 9

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


RENO

| MICRO MARKET STATS

January through March

NORTHWEST FOOTHILLS\ SOMERSETT

2018

2019

Change

Median Price

$429,809

$475,000

11%

Average Sold Price

$495,261

$568,793

15%

98

109

11%

Highest Sold Price

$1,355,000

$1,970,000

45%

Lowest Sold Price

$315,000

$335,000

6%

64

50

-22%

98%

98%

0%

$31,696,704

$28,439,694

-10%

2018

2019

Change

Median Price

$285,000

$294,950

3%

Average Sold Price

$304,564

$310,369

2%

75

97

29%

Highest Sold Price

$595,000

$790,000

33%

Lowest Sold Price

$172,000

$137,500

-20%

Properties Sold

165

154

-7%

% Sold Price to Average List Price

99%

99%

0%

$50,253,108

$47,796,900

-5%

Average Days on Market

Properties Sold % Sold Price to Average List Price

single family

Total Dollar Volume Sold

January through March

SPARKS single family

Average Days on Market

Total Dollar Volume Sold

R E N O, Q 1 2 0 1 9

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


RENO

| MICRO MARKET STATS

January through March

SPANISH SPRINGS single family

2018

2019

Change

Median Price

$385,000

$385,000

0%

Average Sold Price

$404,932

$408,952

1%

73

93

27%

Highest Sold Price

$1,680,000

$720,000

-57%

Lowest Sold Price

$260,000

$277,000

7%

171

131

-23%

99%

98%

0%

$69,243,479

$53,572,767

-23%

2018

2019

Change

Median Price

$242,500

$260,250

7%

Average Sold Price

$251,179

$274,774

9%

106

118

11%

Highest Sold Price

$463,564

$506,196

9%

Lowest Sold Price

$50,000

$117,000

134%

Properties Sold

155

114

-26%

% Sold Price to Average List Price

99%

100%

1%

$38,932,888

$31,324,327

-20%

Average Days on Market

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

January through March

FERNLEY single family

Average Days on Market

Total Dollar Volume Sold

R E N O, Q 1 2 0 1 9

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


RENO NEIGHBORHOODS

R E N O, Q 1 2 0 1 9

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

Lake Tahoe

Carson City

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 THE SUMMIT AT RENO 13945 S. Virginia Street #606 Reno, NV 89511


LIVE INSPIRED The location, the style, the feeling you get when you walk through the door –every aspect of your home should be a reflection of who you are, where you’ve been, and the life you aspire to live. Your best life begins with a home that inspires you.

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# 02019110

Profile for Sierra Sotheby's International Realty

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