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.
Chase International luxury agents and their clients recently gathered for a sold-out performance by the legendary jazz vocalist, Kurt Elling. Accompanied by the 18-piece Reno Jazz Orchestra, under a starry Lake Tahoe sky, Elling delivered a spectacular show.
A private party for major supporters.
The evening began with a reception at the Ramada, a pavilion at Sand Harbor set aside for private parties. Chase International sponsored the event, providing an array of gourmet appetizers along with our signature mocktail, the Luxury Lavender Lemonade.
Guests and organizers alike enjoyed a perfect summer evening with friends and colleagues at beautiful Sand Harbor along the water’s edge.
“Might I just say, I have been to a lot of parties at the Ramada, and yours blew everybody out of the water. I’ve never been to a nicer affair there. Well done to you and your team, unbelievably fantastic!” — Julie Rauchle
An astounding performance by Kurt Elling.
Grammy award-winning Elling doesn’t usually perform with big bands, which made this performance a particularly unique treat for the audience. His stylings and wit appealed to the full range of music lovers, his storytelling and virtuoso a delight to behold.
“I was drawn to Elling’s music because it does not recognize boundaries,” said Chuck Reider, Music Director of the Reno Jazz Orchestra. “He embraces American music and culture. Something the great Duke Ellington expressed in the phrase, ‘There are only two kinds of music. The good kind…. and the other kind.'”
Bringing the best jazz to Reno-Tahoe.
The motivation behind the Reno Jazz Orchestra is the desire to create good music in the grand tradition of the jazz big band stage performance. It’s a motivation based upon the simple love of that magnificent sound and the rush and wonder of playing 18 pieces to a packed house.
The organization aims to perpetuate an appreciation for jazz music and jazz history. They hope that from their artistic and educational efforts comes musical inspiration that leads to continual generations of accomplished local musicians making everyone happy with their smooth sounds.
An event to remember.
A truly spectacular evening for all, we thank the Reno Jazz Orchestra for putting this magical program together. And we appreciate our luxury agents and clients who helped support local arts by attending this one-of-a-kind event.
Photos courtesy of Strotz Photography.
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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.
The Tahoe-Reno luxury home market relaxed in the first six months of 2019, moderating from last year’s trend in line with expectations. As summer shifts into high gear, Chase International is pleased to report the following significant luxury property sales.
When Shari Chase orchestrated her first Lake Tahoe Luxury Estates Tour back in 1996, she could not know what a celebrated tradition this event would become.
Each year, our breathtaking collection of curated properties ushers in the summer season at the lake, attracting hundreds of high net worth individuals, luxury influencers and top-tier real estate professionals from California, Nevada and beyond.
This year was no exception, with more than 350 distinguished guests touring 30 exceptional properties around Lake Tahoe. Come along as we share a few memories from this year’s event.
Estate tour guests enjoying waterfront views in this contemporary Tahoe Keys waterfront home, South Lake Tahoe.
Luxury agent Anna Moore and guest arriving for lunch at The Pines estate.
Poolside luncheon at The Pines, a magnificent east shore estate offered for $35,000,000.
A gathering of friends on the stairway at The Pines.
Sue Lowe welcoming guests to South Peak Lodge, a stunning home with outstanding views of Lake Tahoe.
Ryan Schiestel and guests at a beautiful, classically-styled Lake Tahoe luxury home in Glenbrook.
Want to be on next year’s guest list? Reach out to any of our associates.
The Tahoe-Reno luxury home market has been strong so far in 2019, continuing last year’s trend. As spring moves into summer, Chase International is pleased to report the following significant luxury property sales.
Agents filled the office, chattering like old friends, every seat taken. Kari Begovich strode to the front of the room with a smile on her face. She called everyone to order and began her weekly meeting at the Chase International Carson Valley office. Continue reading
Wondering what it takes to become a luxury real estate agent? Recently, seven top-producing luxury agents at Chase International gathered in Reno to answer this very question. They shared tips, tricks and trends gleaned from attending several top luxury conferences this fall.
Kerry Donovan moderated the presentation. Leading the Donovan Group in Incline Village, NV, Kerry has been a luxury agent at Chase for over 15 years. She and her team have sold numerous luxury properties, including 21 lakefront estates on Lake Tahoe, the vast majority in Incline Village-Crystal Bay. Continue reading