Get To The Point with Angelica Reyes, 2019 President of the Reno Sparks Association of REALTORS as she shares insights on the real estate performance and trends in Northern Nevada.
In the fourth quarter of 2018, the report showed Reno/Sparks had 1,310 sales of existing
single-family homes; with a 17 percent decrease from last year and an 18 percent
decrease from the previous quarter. The report listed the median sales price for an
existing single family residence in Reno/Sparks in the 2018 fourth quarter at $375,000;
an increase of 7 percent from last year and a decrease of 1 percent from the third
quarter of 2018. All sales numbers are for existing “stick built single family dwellings”
only and do not include condominium, townhome, manufactured, modular or newly
constructed homes. The median sales price of existing condominium/townhomes in
Reno/Sparks in the fourth quarter of 2018 was $195,000; an increase of 15 percent from
a year ago.