The Stat Pack
July’s 12MMA visitor total for Reno-Sparks increased by 1.3% Y-O-Y to 388,630. The visitor count was virtually indistinguishable from June’s 12MMA of 388,848. Visitation to the region has not seen the turnaround that Las Vegas has experienced. The 12MMA peak occurred in May 2004, when 467,904 visitors came to the region. The Reno-Sparks hospitality industry continues to face challenges.
Like Clark County, retail sales in Washoe County have been climbing, reaching $568.1 million in June, up 7% on a 12MMA basis when compared to June 2014. This makes 51 consecutive months (over four years) with rising retail sales on a Y-O-Y basis. As the chart shows, Washoe’s taxable sales growth is beating the state average on a percent growth basis.
MLS home resales in the Reno-Sparks area rose to 522 units in July on a 12MMA. This marks a new all-time high. The median price also rose to $266,723 (12MMA) in July. That is a 15.5% jump compared to July 2014. By comparison, the Las Vegas median resale price in July was $182,449.
According to AAA, on September 21, 2015, the average price per gallon for regular unleaded gasoline in Reno-Sparks had plummeted by 21.8% from $3.73 a year ago to $2.92. The price was also down $0.31 (9.4%) compared to August 21. We expect gas prices to remain lower than last year for the rest of 2015.
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