Real Estate Market Stays Stable in Reno-Sparks

Posted by Katie Shaffer — October 15, 2012

1350493566RENO, Nev. (Oct. 11, 2012) –The Reno-Sparks real estate market saw little variance in sales this quarter, with a three percent increase in both sales volume and units sold, according to a quarterly report released by Lake Tahoe-based real estate company Chase International.

There was also a three percent increase in the median home price ($160,000) and no change in the average price. Homes selling for less than $1 million were up three percent, while homes priced more than a million were down 62 percent. The median price of a home in Reno is $165,000 (up three percent) and the median home price in Sparks is $155,000 (up six percent).

Carson Valley experienced a 12 percent rise in sales volume and a 16 percent jump in units sold. The median price of a Carson Valley home is $196,000 (up one percent). Homes selling for less than $1 million were up 16 percent and there was no change in sales of homes priced more than a million.

The report compares sales from January 1 through September 30, 2012 to the same time frame of 2011.

Headquartered in Lake Tahoe, Nevada since 1986, with eight offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Truckee, South Lake Tahoe and Reno) and one in London, England, Chase International and its exclusive affiliations handles a large share of the country’s property. A recognized leader in the world of luxury real estate, Chase International continues to grow, having added 65 Realtors® to their ranks in the past twelve months.

With 240 professional Realtors® boasting an array of industry certifications and the highest volume per sales agent in the area, Chase International successfully represents homes at all price levels. For more information about Chase International, visit www.chaseinternational.com or call 866-470-8663.

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