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.
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.
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.
Congratulations to Scott Dutcher and his clients, who purchased 761 Lakeshore Blvd in Incline Village, NV. This spacious, traditional, vacation home in a manicured, park-like setting just steps from Burnt Cedar Beach sold for $2,950,000. Continue reading
Steve Harney, Founder and Chief Content Creator of Keeping Current Matters, recently visited Chase International to speak at our company meeting. A residential real estate expert who specializes in market trends, he shared his macro analysis on the changing real estate market for 2019. Continue reading
Chase International closed out the year in December with several luxury sales highlighted here. Additionally, it’s worth noting that there was a $22 million sale in Tahoe City, continuing the trend of uber-luxury sales around Lake Tahoe in 2018. Watch for detailed year-end market reports.
Congratulations to our clients and agents who closed on the following properties: Continue reading