Reno-Tahoe Home Prices: Peak to Trough

Posted by Mitch Argon / CalNeva Realty on Monday, January 12th, 2009 at 5:43pm.

Peak to Trough Summary - Reno-Tahoe Area Home Prices

I get asked by folks on a regular basis "How far have home prices come down since the peak?" and similar questions.

The table below will show you each local city, it's peak median price and recent low (trough). To see a trend of how these prices are moving, you should subscribe to The Greater Reno-Tahoe Real Estate Report.

All prices below are in Thousands and are the Median Price (single family homes only) for that month.

Peak to Trough - Median Home Price

  Peak Month Trough Month % Decline
Reno $ 379 August, 2005 $ 221 November, 2008 42%
Sparks $ 346 Sep, 2005 $ 210 December, 2008 39%
Caron City $ 346 August, 2005 $ 224 October, 2008 35%
Carson Valley $ 432 Sep, 2005 $ 244 November, 2008 44%
Fernley $ 262 May, 2006 $ 140 December, 2008 47%
Datyon $ 305 July, 2006 $ 165 December, 2008 46%

If you are wondering when the "bottom will hit", the answer is not a "one size fits all" answer.  I will be posting up an analysis of "Months of Inventory" by a few local cities and by price range of homes to illustrate the different market segments and how near or far they are from reaching a bottom.  It is likely that the <$250K priced market segment will bottom out this year.  Above that - all bets are OFF!

Mitch Argon
Broker - CalNeva Realty

1 Response to "Reno-Tahoe Home Prices: Peak to Trough"

Glenn Galloway wrote: Thanks for this data. I've read stats and analyses of house prices, but rarely find stats for local areas such as Carson City. Very helpful. I look forward to receiving your e-mail newsletter.

Posted on Friday, January 23rd, 2009 at 6:44pm.

Leave a Comment