Media Contact: Katie Shaffer
East River Public Relations
Reno Home Sales Climbed Steadily in 2016
RENO, Nev. (Jan. 5, 2017) – Reno real estate ended 2016 on a solid note, with an overall nine-percent increase in sales volume and four-percent rise in units sold throughout Reno and Sparks.
The figures are part of a year-end report released by Lake Tahoe-based real estate agency Chase International. The numbers compare all MLS home sales from January 1, 2016 through December 31, 2016 to the same time frame of 2015. The median price of a home in the Reno-Sparks area rose nine percent to $304,990.
While Reno generally sees more than twice the sales of Sparks, Sparks gained ground on its sister city with a 15-percent jump in volume sold and seven-percent increase in units sold (compared to Reno’s six and two percent growth, respectively).
There was a nine percent increase in volume sold in the Carson Valley, with units sold up six percent. The median price of a home there rose three percent to $325,000.
“I expect the Reno market to continue on this pace,” said Susan Lowe, corporate vice president for Chase International. “The Reno area is brimming with promise, both economically and recreationally.”
About Chase International: Headquartered in Lake Tahoe, Nevada since 1986, with ten offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Truckee, South Lake Tahoe, Carson Valley, Sparks and Reno) and a public relations office in London, England, Chase International and its exclusive affiliations handle a large share of the country’s property. With 385 professional Realtors® boasting an array of industry certifications and the highest volume per sales agent in the area, Chase International successfully represents homes at all price levels. For more information about Chase International, visit www.chaseinternational.com.