RENO, Nev. (Oct. 6, 2016) – Home sales in Reno-Sparks continued to climb through the third quarter with a nine percent increase in volume sold. Units sold was up two percent, while the median price of a home increased nine percent to $302,995.
The numbers are part of a report released by Chase International Real Estate, comparing all MLS sales from January 1, 2016 through September 30 to the same timeframe of 2015. Homes selling for less than $1 million was down four percent while homes selling for less than a million was up two percent.
“Every quarter we see small but definite increases in sales and prices,” said Susan Lowe, senior vice president of Chase International. “Consistent gains indicate a healthy Reno Sparks real estate market.”
The median price of a home in Reno was slightly higher than Sparks, with a seven percent jump to $315,000. Sparks, however saw bigger gains in volume sold, with a 14 increase. Reno experienced a seven percent rise in volume sold.
Carson Valley saw a seven and eight percent jump in volume and units sold, with a three percent increase in median home price to $324,500.
About Chase International: Headquartered in Lake Tahoe, Nevada since 1986, with ten offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Truckee, South Lake Tahoe, Carson Valley, Sparks and Reno) and one in London, England, Chase International and its exclusive affiliations handle a large share of the country’s property. With 385 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.