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.
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.
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:
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.
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.
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.
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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.
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Stepping through the door at Chase International in South Lake Tahoe, my eyes went right to Larry Finkel. He leaned over the front desk, eyeing the computer screen. Next to him sat his office administrator, fingers above the keyboard, ready to make changes.
“Hi, Larry,” I said, walking up to them. He looked up and smiled. Continue reading