Media Contact: Katie Shaffer
East River Public Relations
For Immediate Release
Reno Home Prices Continues to Climb
RENO, Nev. (July 7, 2014) – Home prices jumped 15 percent throughout Reno and Sparks, pushing the median home price to $234,900. The increase in prices bumped sales volume up 13 percent, while the total number of homes sold stayed relatively flat, according to a quarterly report released by Lake Tahoe-based real estate company Chase International.
The report, which accounts for all sales in the region from January 1 through June 30, and compares them to the same timeframe of 2013, showed that Sparks experienced the bigger increase to sales volume (21 percent) as well as median home price (19 percent to $225,000). The median price of a home in Reno is $240,000 (up 12 percent).
“The Reno-Sparks area has just been quietly rising through the ranks,” said Susan Lowe, corporate vice president of Chase International. “Some markets have had setbacks and surges, but home values here have been rising steadily. The city itself is really flourishing and establishing itself among big businesses and tech companies in the West, and that has a positive effect on real estate in the region.”
Carson Valley also saw a rise in median home prices (ten percent to $265,000) but with a seven percent decline in sales volume.
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, Graeagle, Truckee, South Lake Tahoe, Carson Valley and Reno) and one in London, England, Chase International and its exclusive affiliations handle a large share of the country’s property. With 260 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.
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