| Tweet |
Reno-Tahoe-Carson 2019 Year-End Real Estate Market Reports
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:
CLICK HERE for Chase International Real Estate Market Report Year-End 2019
Questions about your local market? CLICK HERE to connect with one of our local experts.
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.
Some Spaces Defy Words—The Aerie is One of Them
Walk with us through this magnificent, modern, multi-million dollar luxury home for sale in beautiful Caughlin Ranch. Unlike anything else you’ve ever seen in Reno, NV, revel in this resplendent residence and feel the magic within. Ready? Let’s go!
Reaching for the sky like an eagle’s wing, this modern architectural marvel beckons from its regal perch.
Collinear and curvaceous, with amaranthine city and mountain views, the edifice stands sentry on the wilderness edge.
Stepping through the front door feels like entering a gallery in Midtown Manhattan.
Voluminous spaces, light and bright, provide the perfect backdrop for your curated collection of fine art.
Upstairs, the great room dazzles with a majestic fireplace, walls of glass and views across forever.
Glulams deadmanned into the mountain behind, the aura is experiential, a sanctuary to inspire your best creative work.
The cantilevered deck entices—shaded, calm, protected from the wind, it’s a sublime spot for summer sunsets, cozied up next to the fire.
A sleek and sophisticated entertainer’s kitchen awaits your culinary creativity, bespoke cabinets topped by Carrera marble providing a visual continuity that defines simplicity.
Behind the kitchen you’ll find a generous butler’s pantry every caterer will adore.
Nearby is the media room, an intimate space offering complete environmental control, where you can crank up the volume without disturbing another soul.
Down the east wing, you’ll find a loo with a view and a comfortable guest suite overlooking the city panorama.
Down the west wing, you’ll find the modern main master with an immense closet, a spacious spa bath, steam shower, private deck and serene mountain views.
Take the elevator upstairs to see the swanky second master, alighted atop the living room space with commanding mountain views.
A quiet office anchors the home, with captivating garden views that insist you take breaks to meander the wildscape beyond.
Moving into the east wing, you’ll find a generous rumpus room currently used as a home office large enough for board meetings.
Further down the hall, you’ll find a charming bedroom suite and another larger bedroom suite currently used as a tranquil yoga studio.
Every bedroom features direct access to private patios and pathways drifting through the naturalized gardens.
Handmade switchback trails wend through rabbit and deer-resistant native plantings, a harmonious blending of re-wilded landscape.
Grab a bucket of champagne, head up the mountain and stop to smell the salvias.
Continue up the aspen trail to an intimate gathering spot at the top for commanding views on the edge of the wilderness.
Birds of prey, herds of deer and glorious sunsets are customary visitors, along with bobcats, bees and bugs galore.
Wandering back into the house, down to the ground level, you’ll find garage parking for three, a workout room, mechanical room and workbench for projects.
And then there’s that curious curing room, a cylindrical space tucked into the mountain with radiant heated floors, drains and commercial-grade refrigerator.
Precisely positioned on a north-facing axis, the home is aligned for Feng Shui perfection.
As twilight settles over the landscape, The Aerie glows like a Chinese lantern.For the owners, living in this lovely lookout has been transformational, a singular experience for the lucky few.
Will you be next? Click to learn more about this stunning home.
Questions?
RUBY VON SCHWERIN: 775 232 3884
DONNA SPEAR: 775 691 7947
October Significant Sales
After a solid first half of 2019, the Reno-Tahoe luxury properties market has relaxed somewhat in the third quarter. Despite the overall softening, Chase International is pleased to report the following significant luxury real estate sales.
September Significant Sales
After a strong first half of 2019, the Reno-Tahoe luxury properties market has softened somewhat in the third quarter. As we move deeper into fall, Chase International is pleased to report the following significant luxury real estate sales.
3rd Quarter 2019 Real Estate Market Reports
Reno & Sparks
The Reno-Sparks real estate market saw a modest increase in single-family home sales during the first three quarters of 2019. Sales volume increased 4%, while Sparks increased 3%.
Meanwhile, the Reno condo market witnessed a whopping 32% increase in sales volume, as Sparks increased by 25%.
Carson City & Carson Valley
The sales volume for single-family in Carson City homes was up a robust 10% in the first nine months of the year, while condo sales volume rose an impressive 31%.
Carson Valley single-family home sales continue to chug along, with volume up 5% in the first three quarters of the year.
Lake Tahoe & Truckee
In contrast, the overall sales volume for both single-family homes and condos in the communities around Lake Tahoe declined 14% during the same time period.
Truckee saw single-family home sales volume go down by 8%, as condo sales volume increased 13%.
Overall it’s a mixed bag, with the Lake Tahoe areas experiencing general market softening as the valleys stay strong.
See our full Q3 real estate market reports for details:
Chase International Real Estate Market Report Q3 2019
Questions about your local market? Please reach out to one our local experts.
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.
August Reno-Tahoe Luxury Property and Significant Sales
The Reno-Tahoe luxury home market had a good summer in 2019, moderating from last year’s trend in line with expectations. As we head into fall, Chase International is pleased to report the following significant luxury property sales.
Fall Fireplaces for Crispy Cool Reno-Tahoe Autumn Nights
Starting to feel the chill of the change in seasons? Cozy up to this stunning stone fireplace with 2.4 acres of private, lake view living in beautiful Incline Village, NV.
Keep your backside toasty and your heart happy as you revel in the beauty of these incredible lake views. This one-of-a kind property is a dream come true for those who love the watersports life.
You’ll never want to get out of bed on those frigid fall mornings at this elegant estate. While away your weekends in this 13,000 square foot palacial home in prestigious Montreux, Reno, NV.
Watch the first snow flurries fly from the comfort of this magnificent modern marvel. Poised like a sentry high above Reno, enjoy sweeping views of the Truckee River and downtown city lights.
The most elegant cabin kitchen you’ll ever eat in, enjoy fireside dining on those crisp autumn nights. You’ll love this gorgeous home on three acres, close to Tahoe City yet with a remote vibe.
One of the most charming, intimate, lakefront lounges we’ve ever seen, curl up with a good book and a hot toddy to watch the leaves change. The artistry of the hand-chiseled trim is unbelievable.
A mesmerizing water view, a comfy couch, a warm fire—what more could you ask for on a fine fall day. This mountain modern home offers elegant single-level living with opulent touches.
Enjoy treehouse living on almost 9 acres and watch the aspens change this fall. This spectacular property offers the look, feel and proximity of Tahoe with conveniences of Carson City.
Looking for a different fireside fall experience? Browse Reno-Tahoe-Carson homes for sale.
July Reno-Tahoe Luxury Property and Significant Sales
The Reno-Tahoe luxury home market continues to move along in 2019, moderating from last year’s trend in line with expectations. As summer begins to wane, Chase International is pleased to report the following significant luxury property sales.
Reno-Tahoe Housing Market Forecast Mid-Year 2019-2020
Now that we’re halfway through 2019, it’s time to reassess our current housing market and adjust our housing market predictions for the rest of the year. But first, let’s review current national trends in real estate. Continue reading
Chase International Associates Ranked as Top Real Estate Agents in Nevada and California
We are pleased to announce that ten of our sales associates/agent teams were included in the REAL Trends annual list of top real estate agents and agent teams in Nevada and California. REAL Trends has been producing these rankings, which highlight the top one-half percent of the nation’s real estate professionals, for over 13 years. Continue reading
