Chase International has released the mid-year numbers for the Reno-Sparks market. The release follows…
Media Contact: Katie Shaffer
East River Public Relations
For Immediate Release
Home Sales Continue to Rise in Reno-Sparks
Prices remain stable
RENO, Nev. (July 9, 2012) – There was little change in the price of homes in the Reno-Sparks area during the first half of the year, according to a midyear report released by Lake Tahoe-based real estate company Chase International. The report, which compares all sales in the Reno and Sparks area from January 1 through June 30, 2012 to the same timeframe of 2011, saw a nine percent jump in the number of homes sold and a five percent increase in dollar volume sold.
The median price of a home is down only one percent for the Reno/Sparks region to $153,890 while the average price is down four percent to $188,871. The median price of a home in Reno is $155,200 (down three percent) and the average is $200,761 (down five percent). The median price of a home in Sparks is $150,000 (up two percent) and the average price remained flat at $162,951. The condo market saw a one percent gain in dollar volume, a one percent decrease in condos sold and a very encouraging jump in the median and average prices, 17 percent and 10 percent respectively.
“The Reno and Sparks areas are still on the road to recovery,” said Susan Lowe, corporate vice president of Chase International. “The steady climb of home sales and relatively stable prices is definitely a good sign.”
Carson Valley experienced a whopping 16 percent jump in homes sold and only a five percent decrease in median price ($189,999). The average home price is down 14 percent to $232,708 and homes selling for less than $1 million was up 17 percent.
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 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.
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