How did Reno, Nevada’s $1M+ real estate segment perform in 2015?

Share this:

million dollar salesI last reported on home sales at the million dollar (and above) price point in 2013 (see Million-dollar (and above) home sales double in 2013). The number of $1M+ sales in 2013 was noteworthy because it was more than 2-1/2 times the number observed in 2012 (67 and 26 respectively). However despite the huge jump then, 2013’s total was nowhere near the triple-digit totals observed during the housing bubble’s peak years.

Fast forward to today. How did the million-dollar-plus market segment perform in 2015? A whopping 92 houses sold for $1M, or higher, in Reno and Sparks, Nevada during 2015 — representing the highest total since 2007. [See the table below.]

2015’s ninety-two $1M+ sales also represented a 19.5 percent increase over 2014’s 77 such sales.

In terms of proportion of all sales, the number of $1M+ sales was 1.46 percent of 2015’s total units sold — the highest proportion since 2008. [Again, see the table below.] Number and Proportion of $1M+ Sales Over the Past Ten Years:

Year $1M+ houses sold Total houses sold % of total sales
2015 92 6,314 1.5%
2014 77 5,970 1.3%
2013 67 6,084 1.1%
2012 26 6,099 0.4%
2011 43 5,925 0.7%
2010 33 5,360 0.6%
2009 39 5,262 0.7%
2008 65 3,591 1.8%
2007 121 3,365 3.6%
2006 142 4,111 3.5%
2005 162 6,072 2.7%

Related post: Million-dollar (and above) home sales double in 2013.

About Guy Johnson

I am a licensed Nevada REALTOR® living and working in Reno, Nevada. Give me a call at 775-722-4011. My team and I will be happy to assist you with your real estate needs.
This entry was posted in Agent Insights, Market Trends and tagged , , , , . Bookmark the permalink.

2 Responses to How did Reno, Nevada’s $1M+ real estate segment perform in 2015?

  1. Pingback: Luxury home sales surge in Reno, NV | Reno Real Estate Blog

  2. Pingback: Reno, Nevada Luxury Home Prices Gain Momentum in First Half of 2018 | Reno Real Estate Blog

Leave a Reply

Your email address will not be published. Required fields are marked *