Luxury Reno Home Sells in Record Time

Posted by Pettit Gilwee — July 9, 2006

A $2.4 million home, located at 350 Juniper Hill Road in Reno, is the fastest selling home over $2 million this year in the Reno-Sparks metro area. The home was engineered by award-winning architect Angela Bigotti, designed by David Chavez of Studio A/D and represented by Diane Cohn of Chase International. It went into contract after only 27 days on the market and closed on day 58. In the Reno-Sparks metro area, homes over $2 million that sold have stayed on the market on an average of 246 days during the January through June period. Eleven homes over $2 million have sold in the area this year with an average 93 percent asking price. Juniper Hill sold for 100 percent asking price, setting a new record for its neighborhood. During the same six-month period in 2005, only four homes over $2 million sold in the Reno-Sparks metro area suggesting that although the real estate market may be slowing, the luxury market continues to flourish. Chase International is headquartered in Lake Tahoe, Nevada since 1986 with five offices around Lake Tahoe, new offices in Reno and Truckee and one in London. The company is a longstanding exclusive member of Who¹s Who in Luxury Real Estate and Leading Estates of the World, was elected to the Board of Regents for luxury real estate and is an exclusive member of the Artisan Group, comprised of the Bay Area¹s top firms. Chase¹s membership in the Leading Real Estate Companies of the World, the nation¹s largest independent relocation network (formerly RELO) and its luxury arm, Luxury Portfolio, further positions the company as an industry authority on luxury real estate and strengthens its client services. Chase International also utilizes its membership opportunities in the National Association of Realtors International Division, Woman's Council of Realtors and FIABCI and the International Real Estate Federation (an international network of 7,000 real estate professionals, attorneys, accountants, banks and related services). For more information about Chase International, call 1-866-233-7111 or visit the website at www.chaseinternational.com.

Diane Cohn, of Chase International, can be reached at 775-813-6752.

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