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 |
| 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.
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