Over the last 33 months, the majority of sales over $1 Million have been between $1 Million and $1.5 Million. Year-to-date, that segment represents 72% of the sales, absorbing 61% of the available inventory in that price range. By contrast, sales over $2 Million represent $7.4 of the sales this year with absorption at 11% of the standing inventory.
In this growing and changing market, it is important to use the skills of a professional who is experienced in buying and selling luxury homes in the Reno-Sparks area. For more information about custom or luxury homes in Northern Nevada, please contact us or call 775-453-4568.
Click the image to the right to click through the entire Reno Luxury Market Report, including links to current listings.