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