Overall, the 2019 regional real estate market in Reno, Sparks, Carson, Truckee and Lake Tahoe was a mixed bag—with the valleys showing strong increases as communities around the lake softened.
Reno & Sparks Housing Market
The Reno-Sparks real estate market saw a nice increase in single-family home sales for 2019. Sales volume for Reno increased by 7%, while Sparks increased by 8%.
The median price for Reno-Sparks homes came in at $390,000, an increase of 4%.
227 homes priced over $1 million sold in 2019, an increase of 4%.
Meanwhile, the Reno condo market witnessed a whopping 29% increase in sales volume, as Sparks condo sales decreased by 3%.
The median price for condos in both cities was $225,000, an increase of 13%.
23 condos sold for over $1 million in 2019, an increase of 35%.
Basically it was a strong year for residential real estate sales in both communities, setting up for a solid Reno housing market in 2020.
Carson City & Carson Valley Housing Market
The sales volume for single-family homes in Carson City was up a robust 15% in 2019, with a median price of $349,000, an increase of 7%.
Three homes sold for over $1 million, a 33% increase.
Carson City condo sales volume rose an impressive 24%, with the median price coming in at $220,000 for 2019, an increase of 18%.
Carson Valley home sales were also strong, with volume up 8% for the year. The median price was $430,000, up 3% from the prior year.
23 homes sold for over $1 million, an increase of 5%.
Lake Tahoe & Truckee Housing Market
In contrast, the overall sales volume for single-family homes in the communities around Lake Tahoe declined 9% in 2019. Condo sales volume declined by 13%.
The median price for homes in the Lake Tahoe Basin came in at $660,000 for the year, up 1% from 2018, while the median price for a condo was $444,500, down 1 % in 2019.
338 homes sold for over $1 million, an increase of 1%, while 180 condos sold for over $1 million, a decrease of 15%.
Sales volume for single-family homes in Truckee went down by 6%, while condo sales volume increased by 10% in 2019.
The median price of a home in Truckee came in at $749,500 for 2019, an increase of 2% over the prior year. Meanwhile, the median price of a condo was $443,500, down 3% compared to 2018.
For more detail about specific communities, see our complete 2019 year-end real estate market reports:
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Headquartered in Lake Tahoe, Nevada since 1986, Chase International is a dynamic real estate firm with a heart-centered approach, committed to the success of its clients, sales associates, staff and community. With more than 350 professional Realtors® representing homes at all price points, the company is proud to be the market leader, achieving the highest 2018 volume in the region with nearly $1.4 billion in sales. The company currently operates nine offices in Reno-Tahoe—Zephyr Cove, Glenbrook, Incline Village, Carson Valley, South Lake Tahoe, Tahoe City, Truckee, Reno, and Sparks, as well as a marketing and PR firm in London. With powerful international connections in place, Chase listings receive maximum industry exposure to potential purchasers worldwide.