2023 Tahoe Reno Q1 Market Stats

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Check current market value for your home at chaseinternational.com/value 545EAGLE.COM 2023 Q1 MARKET STATS
LAKE TAHOE | TRUCKEE | RENO | SPARKS | CARSON VALLEY | CARSON CITY

Lake Tahoe

2023 Q1 Statistics 2023 vs 2022

NORTH & WEST SHORE EAST SHORE SINGLE FAMILY 2023 2022 % CONDOS 2023 2022 % Volume Units Median Price Average Price Units Under $1M Units Over $1M $29,257,000 14 $1,762,500 $2,089,785 2 12 $89,072,000 28 $1,549,000 $3,181,142 4 24 -67% -50% 14% -34% -50% -50% Volume Units Median Price Average Price Units Under $500K Units Over $500K $9,442,000 9 $525,000 $1,049,111 4 5 $29,680,000 32 $677,500 $927,500 23 9 -68% -72% -23% 13% -83% -44% SOUTH SHORE SINGLE FAMILY 2023 2022 % CONDOS 2023 2022 % Volume Units Median Price Average Price Units Under $1M Units Over $1M $56,057,660 64 $657,500 $875,901 50 14 $116,612,816 131 $749,000 $890,174 97 34 -52% -51% -12% -2% -48% -59% Volume Units Median Price Average Price Units Under $500K Units Over $500K $4,600,000 10 $400,000 $460,000 6 4 $16,215,525 22 $506,250 $737,069 10 12 -72% -55% -21% -38% -40% -67% SINGLE FAMILY 2023 2022 % CONDOS 2023 2022 % Volume Units Median Price Average Price Units Under $1M Units Over $1M $28,589,000 21 $1,350,000 $1,361,380 7 14 $90,577,500 48 $1,127,500 $1,887,031 20 28 -68% -56% 20% -28% -65% -50% Volume Units Median Price Average Price Units Under $500K Units Over $500K $15,941,300 17 $649,000 $937,723 5 12 $13,444,500 16 $717,500 $840,281 7 9 19% 6% -10% 12% -29% 33% INCLINE VILLAGE SINGLE FAMILY 2023 2022 % CONDOS 2023 2022 % Volume Units Median Price Average Price Units Under $1M Units Over $1M $27,386,000 13 $1,1725,000 $2,106,615 0 13 $112,764,500 36 $2,495,000 $3,132,347 3 33 -76% -64% -31% -33% -100% -61% Volume Units Median Price Average Price Units Under $500K Units Over $500K $18,316,000 14 $872,500 $1,308,286 0 14 $42,154,000 40 $852,000 $1,053,850 2 38 -57% -65% 2% 24% -100% -63% LAKE TOTALS SINGLE FAMILY 2023 2022 % CONDOS 2023 2022 % Volume Units Median Price Average Price Units Under $1M Units Over $1M $141,289,660 112 $950,000 $1,261,515 59 53 $409,026,816 243 $1,012,500 $1,683,238 124 119 -65% -54% -6% -25% -52% -55% Volume Units Median Price Average Price Units Under $500K Units Over $500K $48,299,300 50 $649,000 $965,986 15 35 $101,494,025 110 $730,000 $922,673 42 68 -52% -55% -11% 5% -64% -49%
Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 03/29/2023.
of Realtors MLS 03/29/2023. MEDIAN & AVERAGE PRICE $1,012,500 Median 2022 $950,000 Median 2023 $1,683,238 Average 2022 $1,261,515 Average 2023 SINGLE FAMILY CONDOS $2 $1.5 $1 $0 $730,000 Median 2022 $649,000 Median 2023 $922,673 Average 2022 $965,986 Average 2023 SALES VOLUME UNITS SOLD $141,2889,660 2023 $409,026,816 2022 SINGLE FAMILY $48,299,300 2023 $101,494,025 2022 CONDOS 112 2023 243 2022 SINGLE FAMILY 50 2023 110 2022 CONDOS -65% DECREASE -52% DECREASE -55% DECREASE -54% DECREASE 5% INCREASE -11% DECREASE -6% DECREASE -25% DECREASE $ IN MILLIONS 600 400 200 100 $0 $ IN MILLIONS 350 300 250 200 100 0
Lake Tahoe 2023 Q1 Statistics 2023 vs 2022 Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board

East Shore

Q1 Statistics
2023
775.588.6130 | chaseinternational.com
Volume Units Median Price Average Price Units Under $1M Units Over $1M 2023 $29,257,000 14 $1,762,500 $2,089,785 2 12 2022 $89,072,000 28 $1,549,000 $3,181,142 4 24 % Change -67% -50% 14% -34% -50% -50%
Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 03/29/2023.
Volume Units Median Price Average Price Units Under $500K Units Over $500K 2023 $9,442,000 9 $525,000 $1,049,111 4 5 2022 $29,680,000 32 $677,500 $927,500 23 9 % Change -68% -72% -23% 13% -83% -44% CONDOS
SINGLE FAMILY
Q1 Statistics 0 $0$499,999 0 $500,000$749,999 2 $750,000$999,999 4 $1,000,000$1,499,999 4 $1,500,000$1,999,999 1 $2,000,000$2,999,999 2 $3,000,000$4,999,999 10 8 6 4 2 0 14 Units Sold 1 Over $5,000,000
East Shore 2023

South Shore

Q1
530.544.2121 | chaseinternational.com
Volume Units Median Price Average Price Units Under $1M Units Over $1M 2023 $56,057,660 64 $657,500 $875,901 50 14 2022 $116,612,816 131 $749,000 $890,174 97 34 % Change -52% -51% -12% -2% -48% -59% SINGLE FAMILY Volume Units Median Price Average Price Units Under $500K Units Over $500K 2023 $4,600,000 10 $400,000 $460,000 6 4 2022 $16,215,525 22 $506,250 $737,069 10 12 % Change -72% -55% -21% -38% -40% -67% CONDOS
2023
Statistics
Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 03/29/2023.

South Shore

2023 Q1 Statistics 12 $0$499,999 27 $500,000$749,999 12 $750,000$999,999 10 $1,000,000$1,499,999 1 $1,500,000$1,999,999 3 Over $2,000,000 50 40 30 20 10 0 65 Units Sold

SINGLE FAMILY

Incline Village

2023 Q1 Statistics

775.831.7300 | chaseinternational.com
Volume Units Median Price Average Price Units Under $1M Units Over $1M 2023 $27,386,000 13 $1,1725,000 $2,106,615 0 13 2022 $112,764,500 36 $2,495,000 $3,132,347 3 33 % Change -76% -64% -31% -33% -100% -61%
Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 03/29/2023.
Volume Units Median Price Average Price Units Under $500K Units Over $500K 2023 $18,316,000 14 $872,500 $1,308,286 0 14 2022 $42,154,000 40 $852,000 $1,053,850 2 38 % Change -57% -65% 2% 24% -100% -63%
CONDOS

Incline Village

2023 Q1 Statistics

0 $0$749,999 0 $750,000$999,999 4 $1,000,000$1,499,999 4 $1,500,000$1,999,999 3 $2,000,000$2,999,999 2 $3,000,000$4,999,999 0 Over $5,000,000 15 12 10 5 3 0
Units Sold
*Includes PUD’s
13

North & West Shore

SINGLE FAMILY

CONDOS

2023 Q1 Statistics 530.581.0722 | chaseinternational.com
Volume Units Median Price Average Price Units Under $1M Units Over $1M 2023 $28,589,000 21 $1,350,000 $1,361,380 7 14 2022 $90,577,500 48 $1,127,500 $1,887,031 20 28 % Change -68% -56% 20% -28% -65% -50%
Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 03/29/2023.
Volume Units Median Price Average Price Units Under $500K Units Over $500K 2023 $15,941,300 17 $649,000 $937,723 5 12 2022 $13,444,500 16 $717,500 $840,281 7 9 % Change 19% 6% -10% 12% -29% 33%

North & West Shore

0 $0$499,999 3 $500,000$749,999 4 $750,000$999,999 5 $1,000,000$1,499,999 7 $1,500,000$1,999,999 2 $2,000,000$4,999,999 0 Over $5,000,000 15 10 5 0 21 Units Sold
2023 Q1 Statistics

SINGLE FAMILY

Truckee
2023 Q1 Statistics 530.550.2464 | chaseinternational.com
Volume Units Median Price Average Price Units Under $1M Units Over $1M 2023 $149,881,150 70 $1,133,750 $2,141,159 30 40 2022 $344,252,403 136 $1,475,000 $2,531,267 35 101 % Change -56% -49% -23% -15% -14% -60%
Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 03/29/2023.
Volume Units Median Price Average Price Units Under $500K Units Over $500K 2023 $41,423,553 34 $877,514 $1,218,339 8 26 2022 $53,704,440 60 $785,000 $895,074 10 50 % Change -23% -43% 12% 36% -20% -48%
CONDOS
Truckee
Q1 Statistics 1 $0$449,999 15 $500,000$749,999 14 $750,000$999,999 16 $1,000,000$1,499,999 4 $1,500,000$1,999,999 11 $2,000,000$4,999,999 9 Over $5,000,000 30 20 10 0 70 Units Sold
2023

SINGLE FAMILY

Tahoe Donner

2023 Q1 Statistics

530.550.2464 | chaseinternational.com Information
from Incline
NNRMLS and
of Realtors MLS 03/29/2023. Volume Units Median Price Average Price Units Under $1M Units Over $1M 2023 $22,001,000 20 $1,087,500 $1,100,050 9 11 2022 $56,477,725 40 $1,300,000 $1,411,943 9 31 % Change -61% -50% -16% -22% 0% -65%
gathered
Village, Tahoe Sierra, Sierra Nevada,
South Lake Tahoe Board
Volume Units Median Price Average Price Units Under $500K Units Over $500K 2023 $1,928,000 4 $471,500 $482,000 2 2 2022 $6,978,000 13 $607,000 $536,823 4 9 % Change -72% -69% -22% -10% -50% -78% CONDOS
Q1 Statistics 0 $0$499,999 2 $500,000$749,999 7 $750,000$999,999 9 $1,000,000$1,499,999 2 $1,500,000$1,999,999 0 Over $2,000,000 20 15 10 5 3 0 20 Units Sold
Tahoe Donner 22023

Reno-Sparks-Carson

2023 Q1 Statistics 2023 vs 2022

RENO SPARKS RENO/SPARKS CARSON VALLEY CARSON CITY SINGLE FAMILY 2023 2022 % CONDOS 2023 2022 % Volume Units Median Price Average Price Units Under $1M Units Over $1M $147,694,250 279 $504,000 $529,370 277 2 $221,836,416 395 $530,798 $561,611 385 10 -33% -29% -5% -6% -28% -80% Volume Units Median Price Average Price Units Under $500K Units Over $500K $11,934,730 40 $306,500 $298,368 40 0 $17,516,500 58 $297,450 $302,008 58 0 -32% -31% 3% -1% -31% 0% SINGLE FAMILY 2023 2022 % CONDOS 2023 2022 % Volume Units Median Price Average Price Units Under $1M Units Over $1M $516,858,924 839 $517,500 $616,041 776 63 $861,794,373 1283 $567,000 $671,702 1146 137 -33% -29% -5% -6% -28% -80% Volume Units Median Price Average Price Units Under $500K Units Over $500K $55,713,855 167 $315,000 $333,615 155 12 $86,854,709 255 $314,000 $340,606 225 30 -36% -35% 0% -2% -31% -60% SINGLE FAMILY 2023 2022 % CONDOS 2023 2022 % Volume Units Median Price Average Price Units Under $1M Units Over $1M $44,962,531 84 $497,250 $535,268 80 4 $90,124,093 160 $490,000 $563,275 156 5 -50% -48% 1% -5% -48% -20% Volume Units Median Price Average Price Units Under $500K Units Over $500K $4,637,500 16 $277,000 $289,843 15 0 $7,256,384 24 $292,500 $302,349 24 0 -36% -33% -5% -4% -38% 0% SINGLE FAMILY 2022 2022 % Volume Units Median Price Average Price Units Under $1M Units Over $1M $155,904,696 79 $510,000 $707,654 69 10 $137,597,636 180 $600,000 $764,431 151 29 -59% -56% -15% -7% -54% -66% SINGLE FAMILY 2023 2022 % CONDOS 2023 2022 % Volume Units Median Price Average Price Units Under $1M Units Over $1M $369,164,674 560 $535,000 $659,222 499 61 $633,893,646 877 $590,000 $722,797 750 127 -42% -37% -9% -9% -34% -52% Volume Units Median Price Average Price Units Under $500K Units Over $500K $43,779,125 127 $315,500 $344,717 115 12 $69,338,209 197 $330,000 $351,970 167 30 -37% -36% -4% -2% -31% -60%
Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 03/29/2023

Reno-Sparks

2023 Q1 Statistics

vs 2022

03/29/2023. MEDIAN
AVERAGE PRICE $567,000 Median 2022 $517,500 Median 2023 $314,000 Average 2022 $315,000 Average 2023 SINGLE FAMILY CONDOS $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 $671,702 Median 2022 $616,041 Median 2023 $340,606 Average 2022 $333,615 Average 2023 SALES VOLUME UNITS SOLD $516,858,924 2023 $861,794,373 2022 SINGLE FAMILY $55,713,855 2023 $86,854,709 2022 CONDOS 839 2023 1238 2022 SINGLE FAMILY 167 2023 255 2022 CONDOS -36% DECREASE -2% DECREASE -6% DECREASE -5% DECREASE 0% CHANGE -35% DECREASE -29% DECREASE -33% DECREASE $700 $600 $500 $400 $300 $200 $100 $0 $ IN MILLIONS 1,400 1,200 1,000 800 600 400 200 0
2023
Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS
&

SINGLE

CONDOS

Q1 Statistics 775.737.5900 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 03/29/2023. Volume Units Median Price Average Price Units Under $1M Units Over $1M 2023 $369,164,674 560 $535,000 $659,222 499 61 2022 $633,893,646 877 $590,000 $722,797 750 127 % Change -42% -37% -9% -9% -34% -52%
Reno 2023
Volume Units Median Price Average Price Units Under $500K Units Over $500K 2023 $43,779,125 127 $315,500 $344,717 115 12 2022 $69,338,209 197 $330,000 $351,970 167 30 % Change -37% -36% -4% -2% -31% -60%
FAMILY
Reno 2023 Q1 Statistics 10 $0$299,999 81 $300,000$399,999 158 $400,000$499,999 200 $500,000$749,999 61 $750,000$999,999 61 Over $1,000,000 300 250 200 150 100 50 0 571 Units Sold
775.850.5900 | chaseinternational.com
Sparks 2023 Q1 Statistics
Volume Units Median Price Average Price Units Under $1M Units Over $1M 2023 $147,694,250 279 $504,000 $529,370 277 2 2022 $221,836,416 395 $530,798 $561,611 385 10
FAMILY Volume Units Median Price Average Price Units Under $500K Units Over $500K 2023 $11,934,730 40 $306,500 $298,368 40 0 2022 $17,516,500 58 $297,450 $302,008 58 0 % Change -32% -31% 3% -1% -31% 0% CONDOS % Change -33% -29% -5% -6% -28% -80%
Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 03/29/2023.
SINGLE
Sparks 2023 Q1 Statistics 4 $0$299,999 30 $300,000$399,999 107 $400,000$499,999 127 $500,000$749,999 16 $750,000$999,999 2 Over $1,000,000 180 120 60 30 0 286 Units Sold
775.782.2777 | chaseinternational.com Information gathered from NNRMLS 03/29/2023. Volume Units Median Price Average Price Units Under $1M Units Over $1M 2023 $55,904,696 79 $510,000 $707,654 69 10 2022 $137,597,636 180 $600,000 $764,431 151 29 % Change -59% -56% -15% -7% -54% -66% SINGLE FAMILY
Carson Valley 2023 Q1 Statistics
1 $0$299,999 11 $300,000$399,999 26 $400,000$499,999 25 $500,000$749,999 7 $750,000$999,999 60 50 40 30 20 0 10 Over$1,000,000 80 Units Sold
Carson Valley 2023 Q1 Statistics
775.782.2777 | chaseinternational.com Information gathered from NNRMLS 03/29/2023. Volume Units Median Price Average Price Units Under $1M Units Over $1M 2023 $44,962,531 84 $497,250 $535,268 80 4 2022 $90,124,093 160 $490,000 $563,275 156 5 % Change -50% -48% 1% -5% -48% -20% SINGLE FAMILY Volume Units Median Price Average Price Units Under $500K Units Over $500K 2023 $4,637,500 16 $277,000 $289,843 15 0 2022 $7,256,384 24 $292,500 $302,349 24 0 % Change -36% -33% -5% -4% -38% 0% CONDOS
Carson City 2023 Q1 Statistics
2023 Q1 Statistics 3 $0$299,999 15 $300,000$399,999 25 $400,000$499,999 33 $500,000$749,999 4 Over$1,000,000 50 40 30 20 0 84 Units Sold 4 $750,000$999,999
Carson City
775.782.2777 | chaseinternational.com Information gathered from NNRMLS 03/29/2023. Volume Units Median Price Average Price Units Under $1M Units Over $1M 2023 $36,018,083 95 $357,237 $379,137 94 1 2022 $63,772,237 162 $380,500 $393,655 162 0 % Change -44% -41% -6% -4% -42% 0% SINGLE FAMILY
Fernley 2023 Q1 Statistics
Fernley 2023 Q1 Statistics 13 $0$299,999 57 $300,000$399,999 18 $400,000$499,999 9 Over $500,000 90 30 10 5 0 97
Units Sold

ONE COMPANY. ONE HEART. ONE PHILOSOPHY. $7 BILLION IN 3 YEARS. THE

Chase International is one of the nation’s most successful independent real estate firms specializing in unique and distinctive properties in the Tahoe/Reno region. With more than 350 compassionate and determined REALTORS® in 14 locations, we are committed to our clients’ success. We have more qualified luxury professionals and top lakefront specialists with the experience and connections to serve all your needs.

CHASEINTERNATIONAL.COM
LEADER IN LUXURY REAL ESTATE |
Reno |
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Zephyr Cove | Glenbrook | Incline Village | South Lake Tahoe | Tahoe City | Truckee
Sparks
Carson Valley
Henderson
Lake Almanor
Roseville
London

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