Reno Sparks 2018 Forth Quarter Market Report

Reno/Sparks Association of REALTORS® (RSAR) has released its Market Report for the 2018 fourth quarter and December 2018 reports on existing home sales in Reno/Sparks, including median sales price and number of home sales in the region. We have summarized the 2018 Forth Quarter Market Report

Below is a Summary of the the Reno Sparks 2018 Forth Quarter Market Report.

Reno 2018 Forth Quarter Market Report

  • 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 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.
  • 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.
  • During December 2018, Reno/Sparks had 373 sales of existing single-family homes; a decrease of 20 percent from November 2018 and a decrease of 24 percent from December 2017
  • Median sales price for an existing single family residence in Reno/Sparks in December 2018 at $362,000; a 5 percent increase from last year and a 4 percent decrease from the previous month.
  • The median sales price of existing condominium/townhomes in Reno/Sparks in December 2018 was $199,650; an increase of 20 percent from last year.
  • Reno (including North Valleys) had 905 sales of existing single family homes; a decrease of 20 percent from last year and a 17 percent decrease from the third quarter of 2018.
  • The median sales price in Reno for an existing single family residence in the fourth quarter of 2018 was $395,000; an increase of 11 percent from last year and a 1 percent decrease from the previous quarter.
  • The existing condominium/townhome median sales price for the fourth quarter of 2018 in Reno was $200,000; an increase of 8 percent from last year
  • In December 2018, Reno (including North Valleys) had 248 sales of existing single family homes; a decrease of 29 percent from last year and a 24 percent decrease from November 2018.
  • The median sales price in Reno for an existing single family residence in December 2018 was $377,500; an increase of 9 percent from December 2017 and a 4 percent decrease from the previous month.
  • The existing condominium/townhome median sales price for December 2018 in Reno was $212,000; an increase of 15 percent from last year.

Sparks 2018 Forth Quarter Market Report

  • Sparks (including Spanish Springs) had 405 sales of existing single family homes in 2018’s fourth quarter; a decrease of 10 percent from last year and a 19 percent decrease from the previous quarter.
  • Sparks median sales price for an existing single family residence in the fourth quarter of 2018 was $350,000; an increase of 4 percent from last year and a 1 percent decrease from the third quarter of 2018.
  • The existing condominium/townhome median sales price for 2018’s fourth quarter in Sparks was $187,750; an increase of 21 percent from last year.
  • Sparks (including Spanish Springs) had 125 sales of existing single family homes in December 2018; a decrease of 14 percent from last year and a 11 percent decrease from the previous month.
  • Sparks median sales price for an existing single family residence in December 2018 was $345,000; an increase of 1 percent from last year and a 4 percent decrease from the previous month.
  • The existing condominium/townhome median sales price for December 2018 in Sparks was $184,000; an increase of 19 percent from last year

All Information is by the Reno/Sparks Association of REALTORS® (RSAR). Information from the Northern Nevada Regional Multiple Listing Service. 

If you have any questions on the Reno, Nevada market, Contact me anytime by Email or at 775-525-0980

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