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Found 98 entries about Reno Economy.

In the world of luxury real estate, connectivity isn’t just convenience, it’s a catalyst. And now, the Reno‑Tahoe region is strengthening its appeal on both the national and global stage with a transformative investment in air travel infrastructure.

On March 3, 2026, Reno‑Tahoe Airport Authority held a ceremonial groundbreaking for the New Generation A & B Concourses; a $650 million expansion project that marks one of the most significant upgrades in the airport’s history. This effort is a key part of the airport’s ambitious MoreRNO Infrastructure Program, designed to modernize facilities and support projected passenger growth for decades to come. 

Reimagining the RNO Experience

Currently, Reno‑Tahoe International Airport (RNO) features older

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Luxury real estate in our region entered 2026 with strong momentum, building on a robust 2025. In the 4th quarter, sales remained steady, primarily driven by local buyers looking to “move up”—securing larger, higher-quality properties while staying in Reno, because it is, quite simply, home.

Now, as we settle into the new year, market activity is picking up. With increased inventory, buyers have more options, and well-presented properties in prime locations with desirable amenities are expected to see continued, modest price appreciation. Homes in need of updates or significant renovations may require strategic pricing to remain competitive in this evolving market.

  

Why Winter and Early Spring Is an Exceptional Time to Buy or Sell

March

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As the year comes to a close, we’re taking a moment to reflect with gratitude on what has truly been an exceptional year. Thanks to the trust of our incredible clients and the strength of the Reno-Tahoe luxury real estate market, we’re proud to share a milestone worth celebrating.

This year, we successfully closed 56 total sales, including 51 homes and 5 lots, representing a wide range of properties across some of the region’s most sought-after communities.

Highlights from the Year

  • 56 total sales
  • 51 residential homes
  • 5 land sales
  • 10 sales in ArrowCreek
  • 27 sales in Montreux

From custom estate homes tucked into the pines to thoughtfully curated luxury residences and premier homesites, each transaction represented a unique story

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As fall settles in, Reno–Tahoe takes on a new kind of magic. Crisp mornings, aspen-lined trails, and evenings by the fire remind us why this season is such a special time to call this place home.

 Across the region, the story of luxury real estate this season is one of stability and strength. Sales activity remains healthy, while prices and the pace of transactions reflect a balanced, sustainable environment. In Reno and Sparks, sales of homes priced above $1 million rose 15.3% year over year, and the average sold price increased 2.8% to $1.69 million. Homes are also selling faster – a sign of steady, healthy demand.

 For buyers, opportunities continue to expand as new inventory arrives and high-quality properties come to market. For sellers,

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Big changes are on the horizon for Reno. The Grand Sierra Resort (GSR), one of the city’s most iconic destinations, is undergoing a remarkable $1 billion renovation — the largest private capital investment in Reno’s history. First announced in 2023, this transformation is now officially underway, signaling an exciting new era for the region’s growth, tourism, and luxury real estate market.

What’s Changing and Why It Matters

At the center of the project is a state-of-the-art 10,000-seat arena, expected to open in fall 2027. This 300,000-square-foot venue will anchor an expanded entertainment district featuring an ice rink, new hotel rooms, a parking garage, workforce housing, and a reimagined golf and recreation area called The Grand Bay. Beyond its

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Reno-Tahoe has just become even more connected—and more luxurious—thanks to new seasonal flights from JSX, the semi-private charter service offering a first-class experience without the hassle of commercial terminals. Starting June 19, JSX has launched four-times-a-week seasonal flights to both Las Vegas and Carlsbad, California, giving travelers in and out of the Reno-Tahoe area an elevated, streamlined travel option for the summer.

With a growing demand for outdoor getaways and luxury travel, these new routes make it easier than ever for vacationers, second-home owners, and business travelers to experience the best of Lake Tahoe, Reno, and the surrounding region—without the stress of long lines or crowded terminals.

What Is JSX?

JSX, formerly

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The Reno-Sparks Economic Summit, hosted by Dickson Realty, provided valuable insights into the region’s housing market trends, economic growth, and investment opportunities. With an evolving real estate landscape, rising demand for luxury properties, and strategic urban development, Reno-Tahoe remains an ideal location for homebuyers, investors, and businesses alike.

The State of the Reno-Sparks Housing Market

1. Strong Housing Demand & Market Growth

  • The population of Reno has grown by 22% since 2010, with the city now accounting for 54% of Washoe County’s population. (Source: City of Reno)
  • Home sales continue to rise, with median home prices in Reno-Sparks reaching $626,432 in Q4 2024 for existing homes and $580,000 for new builds.
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Reno-based startup Positron AI has recently secured $23.5 million in funding from Nevada's Flume Ventures, positioning itself to challenge industry leader Nvidia in the artificial intelligence (AI) chip sector. This significant investment underscores Reno-Tahoe's emergence as a hub for innovation and business growth, offering an ideal environment for both startups and established enterprises.

Positron AI's Ambitious Growth Plans

Founded in 2023 by Thomas Sohmers, Positron AI specializes in developing chips and systems tailored for AI workloads, including machine learning and generative AI applications. The recent infusion of capital is set to accelerate the company's operations within Nevada, focusing on the launch of their second-generation product

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Reno, Nevada, already celebrated as The Biggest Little City in the World, is adding another accolade to its name with the opening of a $5 million state-of-the-art indoor track facility. Located within the Reno-Sparks Convention Center complex, this impressive addition is set to redefine Reno’s status as a hub for sports tourism and economic growth.

A Vision of Growth and Community

The creation of this world-class indoor track has been a labor of love, taking over two and a half years from concept to completion. The custom-designed, portable track was manufactured in Italy and underwent an impressive journey through the Panama Canal and California before reaching Reno. Funded by the Reno-Sparks Convention and Visitors Authority (RSCVA), this

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In the dynamic tapestry of Northern Nevada's economic landscape, 2023 proved to be a year of both triumphs and challenges, as highlighted in the recent State of the Economy address by the Economic Development Authority of Western Nevada (EDAWN). Held at the Peppermill Resort Spa Casino, this annual gathering brought together investors, businesses, and community stakeholders to reflect on the region's progress and chart a course for the future.

Consumer Confidence and Economic Realities

Brian Gordon, principal of the Las Vegas-based economic research firm Applied Analysis, shed light on the intricate interplay between consumer perceptions and economic realities. Despite a robust median household income surpassing $75,000 nationally, Gordon

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