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MICROMARKET

REPORT RENO | Quarter 3 2019 Average Sale Price

$500,000 $400,000 $300,000

$466 K

$457 K $398 K $350 K

$335 K

$200,000 $100,000 $0

2015

2016

2017

2018

2019

Data was compiled from the Northern Nevada Regional MLS on October 8, 2019 . Third party information has not been verified

Total Units Sold

4,000 3,000 3,228

3,329

2015

2016

3,632

3,319

3,286

2018

2019

2,000 1,000 0

2017

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


MARKET SNAPSHOT Average Sold Price Quarter 3 2019

1%

10 %

ALL SOUTHWEST SINGLE FAMILY

ALL SOUTHWEST CONDO

2018....... $818,594

2018....... $247,856

2019....... $812,891

2019....... $273,060

6%

4%

WEST SOUTHWEST SINGLE FAMILY

SOUTHWEST SINGLE FAMILY

2018....... $757,367

2018....... $596,471

2019....... $800,551

2019....... $575,559

7%

4%

OLD SOUTH SUBURBAN SINGLE FAMILY

SOUTH SUBURBAN SINGLE FAMILY

2018....... $886,767

2018....... $870,034

2019....... $827,394

2019....... $907,060

R E N O, Q 3 20 1 9

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


MARKET SNAPSHOT Average Sold Price Quarter 3 2019

7%

6%

SOUTHWEST SUBURBAN SINGLE FAMILY

SOUTH MEADOWS SINGLE FAMILY

2018....... $1,224,060

2018....... $461,392

2019....... $1,314,354

2019....... $490,428

7%

3%

NORTHWEST FOOTHILLS/ SOMERSETT SINGLE FAMILY

SPARKS SINGLE FAMILY

2018....... $516,232

2018....... $314,361

2019....... $554,016

2019....... $324,595

6% SPANISH SPRINGS 2018....... $416,255 2019....... $441,982

R E N O, Q 3 20 1 9

7% FERNLEY SINGLE FAMILY 2018....... $258,948 2019....... $277,524

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


RENO

| MICRO MARKET STATS

January through September

ALL SOUTHWEST single family

2018

2019

Change

Median Price

$681,500

$645,000

-5%

Average Sold Price

$818,594

$812,891

-1%

112

106

-5%

Highest Sold Price

$4,900,000

$4,500,000

-8%

Lowest Sold Price

$240,000

$160,000

-33%

Properties Sold

699

635

-9%

% Sold Price to Average List Price

97%

98%

1%

$572,197,895

$516,186,034

-10%

Average Days on Market

Total Dollar Volume Sold

January through September

ALL SOUTHWEST condo

2018

2019

Change

Median Price

$255,000

$277,450

9%

Average Sold Price

$247,856

$273,060

10%

76

92

21%

Highest Sold Price

$610,000

$600,000

-2%

Lowest Sold Price

$80,000

$80,000

0%

88

108

23%

98%

98%

-1%

$21,811,399

$29,490,555

35%

Average Days on Market

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

R E N O, Q 3 20 1 9

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


RENO

| MICRO MARKET STATS

January through September

SOUTHWEST single family

2018

2019

Change

Median Price

$549,900

$530,000

-4%

Average Sold Price

$596,471

$575,559

-4%

97

84

-13%

Highest Sold Price

$2,465,000

$130,000

-95%

Lowest Sold Price

$320,000

$160,000

-50%

Properties Sold

229

222

-3%

% Sold Price to Average List Price

97%

97%

0%

$136,591,927

$127,774,149

-6%

2018

2019

Change

Median Price

$622,500

$659,950

6%

Average Sold Price

$757,367

$800,551

6%

114

116

2%

Highest Sold Price

$2,700,000

$2,300,000

-15%

Lowest Sold Price

$340,000

$350,000

3%

Properties Sold

100

104

4%

% Sold Price to Average List Price

99%

99%

1%

$75,736,719

$83,257,397

10%

Average Days on Market

Total Dollar Volume Sold

January through September

WEST SOUTHWEST single family

Average Days on Market

Total Dollar Volume Sold

R E N O, Q 3 20 1 9

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


RENO

| MICRO MARKET STATS

January through September

OLD SOUTH SUBURBAN single family

2018

2019

Change

Median Price

$614,500

$640,000

4%

Average Sold Price

$886,767

$827,394

-7%

160

91

-43%

Highest Sold Price

$3,500,000

$3,000,000

-14%

Lowest Sold Price

$240,000

$290,000

21%

68

61

-10%

95%

95%

0%

$60,300,165

$50,471,050

-16%

Average Days on Market

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

January through September

SOUTH SUBURBAN single family

2018

2019

Change

Median Price

$802,500

$825,000

3%

Average Sold Price

$870,034

$907,060

4%

93

104

12%

Highest Sold Price

$2,900,000

$2,245,000

-23%

Lowest Sold Price

$435,000

$385,995

-11%

Properties Sold

198

175

-12%

% Sold Price to Average List Price

98%

98%

1%

$172,266,784

$158,735,557

-8%

Average Days on Market

Total Dollar Volume Sold

R E N O, Q 3 20 1 9

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


RENO

| MICRO MARKET STATS

January through September

2018

2019

Change

$975,000

$1,200,000

23%

$1,224,060

$1,314,354

7%

148

174

18%

Highest Sold Price

$4,900,000

$4,500,000

-8%

Lowest Sold Price

$275,000

$412,500

50%

Properties Sold

104

73

-30%

% Sold Price to Average List Price

97%

98%

1%

$127,302,300

$95,947,881

-25%

2018

2019

Change

Median Price

$437,000

$465,000

6%

Average Sold Price

$461,392

$490,428

6%

66

99

50%

Highest Sold Price

$1,050,000

$1,557,995

48%

Lowest Sold Price

$285,000

$280,000

-2%

Properties Sold

447

499

12%

% Sold Price to Average List Price

99%

98%

-1%

$206,242,407

$244,724,032

19%

Median Price Average Sold Price

SOUTHWEST SUBURBAN single family

Average Days on Market

Total Dollar Volume Sold

January through September

SOUTH MEADOWS single family

Average Days on Market

Total Dollar Volume Sold

R E N O, Q 3 20 1 9

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


RENO

| MICRO MARKET STATS

January through September

NORTHWEST FOOTHILLS\ SOMERSETT single family

2018

2019

Change

Median Price

$474,500

$484,000

2%

Average Sold Price

$516,232

$554,016

7%

82

94

15%

Highest Sold Price

$1,360,000

$1,970,000

45%

Lowest Sold Price

$315,000

$305,000

-3%

Properties Sold

228

219

-4%

% Sold Price to Average List Price

99%

98%

-1%

$117,701,097

$121,329,629

3%

2018

2019

Change

Median Price

$295,650

$310,000

5%

Average Sold Price

$314,361

$324,595

3%

67

83

24%

Highest Sold Price

$825,000

$975,000

18%

Lowest Sold Price

$125,000

$137,500

10%

Properties Sold

529

561

6%

% Sold Price to Average List Price

99%

99%

0%

$166,297,496

$182,098,345

10%

Average Days on Market

Total Dollar Volume Sold

January through September

SPARKS single family

Average Days on Market

Total Dollar Volume Sold

R E N O, Q 3 20 1 9

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


RENO

| MICRO MARKET STATS

January through September

SPANISH SPRINGS single family

2018

2019

Change

Median Price

$387,750

$410,000

6%

Average Sold Price

$416,255

$441,982

6%

74

86

16%

Highest Sold Price

$1,680,000

$1,200,000

-29%

Lowest Sold Price

$255,000

$255,000

0%

Properties Sold

584

574

-2%

% Sold Price to Average List Price

99%

99%

0%

$243,093,361

$253,698,172

4%

2018

2019

Change

Median Price

$250,000

$265,000

6%

Average Sold Price

$258,948

$277,524

7%

89

99

11%

Highest Sold Price

$541,000

$506,196

-6%

Lowest Sold Price

$50,000

$117,000

134%

Properties Sold

503

436

-13%

% Sold Price to Average List Price

99%

99%

0%

$130,250,996

$121,000,722

-7%

Average Days on Market

Total Dollar Volume Sold

January through September

FERNLEY single family

Average Days on Market

Total Dollar Volume Sold

R E N O, Q 3 20 1 9

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


RENO NEIGHBORHOODS

R E N O, Q 3 20 1 9

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


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Only

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