In the second quarter of 2016, the report showed Washoe County had 1,798 sales of existing single-family homes; with a less than 1 percent decrease from last year and a 35 percent increase from the previous quarter. The report listed the median sales price for an existing single family residence in Washoe County in the 2016 second quarter at $305,000; an increase of 9 percent from last year and a 5 percent increase from the first quarter of 2016. 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 Washoe County in the second quarter of 2016 was $178,500; an increase of 43 percent from a year ago.
During June 2016, the report showed Washoe County had 636 sales of existing single-family homes; an increase of 7 percent from May 2016 and a decrease of 3 percent from June 2015. The report listed the median sales price for an existing single family residence in Washoe County in June 2016 at $311,663; an 11 percent increase from last year and a 1 percent increase from the previous month. 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 Washoe County in June 2016 was $194,125; an increase of 46 percent from last year.
During the 2016 first quarter, Reno (including North Valleys) had 1,205 sales of existing single family homes; a decrease of 1 percent from last year and a 43 percent increase from the first quarter of 2016. The median sales price in Reno for an existing single family residence in the 2016 first quarter was $320,027; an increase of 9 percent from last year and a 5 percent increase from the previous quarter. 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 existing condominium/townhome median sales price for the second quarter of 2016 in Reno was $192,500; an increase of 45 percent from last year.
In June 2016, Reno (including North Valleys) had 430 sales of existing single family homes; a decrease of 3 percent from last year and an 8 percent increase from May 2016. The median sales price in Reno for an existing single family residence in June 2016 was $331,000; an increase of 10 percent from June 2015 and a 1 percent increase from the previous month. 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 existing condominium/townhome median sales price for June 2016 in Reno was $205,000; an increase of 38 percent from last year.
Sparks (including Spanish Springs) had 593 sales of existing single family homes in 2016’s second quarter; an increase of 2 percent from last year and a 20 percent increase from the previous quarter. The Sparks median sales price for an existing single family residence in the second quarter of 2016 was $282,500; an increase of 10 percent from last year and a 3 percent increase from the first quarter of 2016. 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 existing condominium/townhome median sales price for 2016’s first quarter in Sparks was $130,000; an increase of 25 percent from last year.
Sparks (including Spanish Springs) experienced 206 sales of existing single family homes in June 2016; a decrease of 4 percent from June 2015 and a 6 percent increase from the previous month. The Sparks’ median sales price for an existing single family residence in June 2016 was $276,000; a 10 percent increase from last year and a 4 percent decrease from the previous month. 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 existing condominium/townhome median sales price for June 2016 in Sparks was $145,000; an increase of 52 percent from last year.
The 2016 second quarter report showed Fernley had 143 sales of existing single family homes; with no change from last year and a 28 percent increase from 2016’s first quarter. The median sales price in Fernley for an existing single family residence in the 2016 second quarter was $190,000; a 13 percent increase from last year and a 12 percent increase from the previous quarter. 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 June 2016 report indicated that Fernley had 50 sales of existing single family homes; an increase of 11 percent from last year and a 2 percent increase from the previous month. The median sales price in Fernley for an existing single family residence in June 2016 was $203,900; an increase of 21 percent from June 2015 and a 13 percent increase from last month. All sales numbers are for existing “stick built single family dwellings” only and do not include condominium, townhome, manufactured, modular or newly constructed homes.
“We have seen year-over-year price gains for the past four years,” said William Process, 2016 RSAR president and a REALTOR with HomeGate Realty of Nevada. “With demand holding firm this spring and homes selling even faster than a year ago, the notable increase in closings in recent months took a dent out of what was available for sale in June and ultimately brought down new signed contract activity.”
The Reno/Sparks Association of REALTORS® is an organization providing services to its members to ensure their success as real estate professionals, as well as protecting and promoting the consumer’s dream of homeownership. For more information visit www.rsar.net.