Dickson Realty Luxury Trends - 3rd Quarter 2015 Reno/Sparks

Luxury Trends 2015 Market Report from the Market Leader

3rd Quarter 2015 DicksonLuxury.com

COVER PROPERTY FEATURED:

300 Davis Lane Reno NV 89511 $4,200,000 MLS #150012198

Welcome

TO OUR 3RD QUARTER 2015, LUXURY MARKET REPORT. While the good news regarding new jobs in Northern Nevada keeps coming with companies such as Tesla, Apple and Switch; the inventory for luxury homes remains high. Currently, there are 167 homes on the market over $1,000,000. Year to date there have been 70 sales, of which 17 were in the 1st Quarter, 30 in 2nd Quarter and 23 in the 3rd Quarter. The simple math indicates an oversupply of approximately two years.

The consistency of sales is encouraging and typically the 4th Quarter reports strong luxury sales; particularly, in the highest price points of the market. Over the last three quarters, the inventory of listings between $1 and $1.5 million has remained consistent, comprising 50% of the total $1 million or more listings. One take away from the analysis of the last three quarters is the majority of sales over $1 million are between $1 and $1.5 million – in this last quarter, 78%.

The highest sale reported in the 3rd Quarter was $3,050,000, represented by a Dickson Realty luxury specialist. This home was in south suburban Reno on just under ten acres.

The forecast for the last quarter of 2015, is a continuation of a steady stream of sales. As the markets continue to evolve, now, more than ever, it is important to consult one of the luxury experts at Dickson Realty to help navigate the process of buying and selling real estate.

For up to the minute market news visit us at www.dicksonrealty.com/luxurytrends or www.dicksonluxury.com, our Luxury Portfolio partner website with Leading Real Estate Companies of the World.

—CEO Dickson Realty

2015 vs. 2014 Luxury Home Averages over $1 million | Reno-Sparks Area Comparing January 1 - September 30, 2015 to same period 2014

+14

+.10%

2.80%

+24.2%

TOTAL UNITS SOLD

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SF

AVERAGE DAYS ON MARKET

2015: 70 2014: 56

2015: $1,496,051 2014: $1,494,524

2015: $292.82 2014: $284.85

2015: 277 2014: 223

Top 5 Luxury Real Estate Companies 2015 Market Share for Reno-Sparks Homes Sold Over $1 Million*

45.89%

DICKSON REALTY Chase International 15.55% Coldwell Banker 8.24% Ferarri-Lund 6.90% RE/MAX Affiliates 3.15%

Active Listings Over $1 Million

YTD Q3 Sold Over $1 Million $1,000,000– $1,499,999

$1,000,000– $1,499,999

51.50% $2,500,000 and higher

72.86%

$2,500,000 and higher

2.86%

14.37%

$2,000,000– $2,499,999 $2,000,000– $2,499,999

$1,500,000– $1,999,999

14.37%

19.76%

12.86% $1,500,000– $1,999,999

11.43%

$1,000,000– 86 Active Listings $1,499,999 $1,217,642 Average Price

$1,000,000– 51 Sold Listings $1,499,999 $1,185,707 Average Price

$1,500,000– 33 Active Listings $1,999,999 $1,715,385 Average Price

$1,500,000– 8 Sold Listings $1,999,999 $1,677,688 Average Price

$2,000,000– 24 Active Listings $2,499,999 $2,348,246 Average Price

$2,000,000– 9 Sold Listings $2,499,999 $2,197,889 Average Price

169 Average Days On Market

313 Average Days On Market

240 Average Days On Market

$2,500,000 24 Active Listings and higher $4,253,013 Average Price

283 Average Days On Market

289 Average Days On Market

195 Average Days On Market

230 Average Days On Market

$2,500,000 2 Sold Listings and higher $5,525,000 Average Price

518 Average Days On Market

*Source: Northern Nevada Multiple Listing Service (NNRMLS) transaction volume for all transactions over $1 million for all Reno/Sparks areas (Area 100), January 1-September 30, 2015, as of October 5, 2015.

Significant Dickson Sales 3rd quarter 2015

SOLD $3,050,000

SW Suburban Reno

SOLD $2,050,000

SOLD $1,687,500

SW Suburban Reno

SOLD $1,385,000

Juniper Ridge SW Reno

Parc Foret Montrêux

SOLD $1,140,000

Parc Foret Montrêux

Seller Representation by Dickson Realty

Seller & Buyer Representation by Dickson Realty

SOLD $1,341,482

Seller & Buyer Representation by Dickson Realty

Seller & Buyer Representation by Dickson Realty

Seller & Buyer Representation by Dickson Realty

Seller Representation by Dickson Realty

Montrêux

Significant Dickson Sales 3rd quarter 2015

SOLD $1,099,000

Seller & Buyer Representation by Dickson Realty

SOLD $1,002,500

Seller & Buyer Representation by Dickson Realty

Parc Foret Montrêux

Arrowcreek

SOLD $1,020,000

Seller & Buyer Representation by Dickson Realty

SOLD $1,000,000

Seller Representation by Dickson Realty

Montrêux

Mountainshyre SW Reno

Targeted, Integrated, Measured. Dickson Realty’s marketing campaign goes beyond local marketing – it gives your property exposure to a worldwide audience of affluent consumers through hundreds of Luxury Portfolio affiliates around the globe as well as through our international real estate partner websites.

Current Dickson Luxury Listings Click on the MLS number to view each listing online.

$5,480,000

MLS #150007415

$4,800,000

MLS #150002576

$4,500,000

MLS #140015612

$4,200,000

MLS #150012198

$2,775,000

MLS #140010487

$2,765,000

MLS #140003232

$2,675,000

MLS #150010094

$2,595,000

MLS #140010060

$2,500,000

MLS #150002583

$2,495,000

MLS #150009615

$2,495,000

MLS #150007996

$2,475,000

MLS #150005728

RENO

RENO

RENO

RENO

RENO

RENO

RENO

RENO

RENO

RENO

RENO

RENO

Current Dickson Luxury Listings Click on the MLS number to view each listing online.

$2,450,000

MLS #140008664

$2,395,000

MLS #130007672

$2,395,000

MLS #140000142

$2,390,000

MLS #140010943

$2,385,000

MLS #150008410

$2,300,000

MLS #150011528

$2,288,000

MLS #150003878

$2,200,000

MLS #150010606

$2,200,000

MLS #150013612

$2,188,000

MLS #150003869

$2,125,000

MLS #140012423

$1,999,999

MLS #150001093

RENO

RENO

RENO

RENO

RENO

RENO

RENO

RENO

RENO

RENO

RENO

RENO

Current Dickson Luxury Listings Click on the MLS number to view each listing online.

$1,985,000

MLS #130007872

$1,899,000

$1,795,000

MLS #140012641

$1,700,000

$1,669,700

MLS #140002121

$1,595,000

MLS #150006311

RENO

RENO

RENO

RENO

$1,850,000

MLS #150009039

MLS #150010345

$1,699,000

MLS #150001974

$1,645,000

MLS #150000733

$1,599,000

MLS #150005814

$1,575,000

MLS #140004175

$1,575,000

MLS #150009958

RENO

WASHOE VALLEY

RENO

RENO

MLS #150007048

RENO

RENO

RENO

RENO

Current Dickson Luxury Listings Click on the MLS number to view each listing online.

$1,550,000

MLS #120007781

$1,529,000

MLS #150004497

$1,495,000

MLS #150012119

$1,375,000

MLS #150010221

$1,350,000

MLS #150006260

$1,333,000

MLS #140007154

$1,299,000

MLS #150009616

$1,299,000

MLS #140009167

$1,259,000

MLS #150012199

$1,250,000

MLS #150006757

RENO

RENO

RENO

RENO

RENO

RENO

RENO

RENO

$1,495,000 RENO

$1,368,000

INCLINE VILLAGE

RENO

RENO

MLS #150011666

MLS #140012012

Current Dickson Luxury Listings Click on the MLS number to view each listing online.

$1,250,000

MLS #150009037

$1,250,000

MLS #150002255

$1,249,000

MLS #150007597

$1,245,000

MLS #150001077

$1,200,000

MLS #150009813

$1,199,000

MLS #150007075

$1,135,000

MLS #150002107

$1,099,000

MLS #150002445

$1,099,000

MLS #150004011

$1,095,000

MLS #150006483

$1,090,000

MLS #150010886

$1,070,000

MLS #150012542

CARSON CITY

RENO

RENO

RENO

RENO

RENO

RENO

RENO

RENO

RENO

VERDI

WASHOE VALLEY

Current Dickson Luxury Listings Click on the MLS number to view each listing online.

$1,050,000 RENO

MLS #140015087

$1,049,000

MLS #140016113

$1,011,472

MLS #150009520

RENO

RENO

$1,039,000 RENO

MLS #150011619

REAL Trends, the most trusted and leading source of analysis and information on the residential brokerage industry, has named Dickson Realty the top real estate company in the Reno/Tahoe region based on the number of sides in 2014. A side is when a real estate firm represents either the buyer or the seller in a real estate transaction.

Dickson Realty represented 23% more sides than the second ranked agency. The rankings were part of REAL Trends annual study, which audits and verifies all numbers to ensure accuracy in its rankings. Sales submissions must be accompanied with audited financials.

**Source: RealTrends.com/rankings/real-trends-500-by-sides

DOWNTOWN RENO 775.324.7000

CAUGHLIN RANCH 775.746.7000

DAMONTE RANCH 775.850.7000

SOMERSETT 775.746.7222

TRUCKEE 530.587.7444

GRAEAGLE 530.836.1700

DONNER LAKE 530.587.4811

MONTRÊUX 775.849.9444

DicksonLuxury.com | luxury@dicksonrealty.com

© 2015 Dickson Realty. All rights reserved. Although the information above is deemed reliable, Dickson Realty does not guarantee its accuracy.

SPARKS 775.685.8800