Luxury Trends 3rd Quarter 2017 Market Report from the Market Leader
3rd Quarter 2017 DicksonLuxury.com
COVER PROPERTY FEATURED:
6825 De Chardin Lane, Reno, NV 89511 $4,499,000 MLS #170005579
2017 Luxury Market Report 3RD QUARTER Welcome! We hope you find useful information in our third newsletter of the year. A review of the first three quarters of the year show a continued pace of strong sales while the number of active listings increased slightly to 166 homes on the market over one million dollars. July had a record number of closings while August and September were consistent with the previous year. The average price per square foot hit a high of $300 up from $278. Northern Nevada’s newest luxury community, Rancharrah, has closed seven homesites at an average of $390,000, for approximately a quarter of an acre. They are expected to close the remainder of their 43 homesites by the end of the year. As we look to the last three months of the year it’s important to remember luxury home sales tend to be strong in the last quarter. The market does not stop over the holidays! 27 homes sold in the last quarter of 2016, which was one third of the sales for the year. Since 1973, Dickson Realty has guided more Buyers and Sellers in the luxury market than any other real estate company in the region. Now, more than ever, it is important to use the skills of a real estate professional specializing in luxury home sales. Our highly trained and experienced agents are here to assist you whether buying, selling or both! Visit DicksonRealty.com or call one of our expert Realtors® today.
—President & CEO Dickson Realty
January-September 2017 vs. January-September 2016 Luxury Home Averages sales over $1 million*
+45
+6.92%
+7.85%
+11.74%
TOTAL HOMES SOLD
AVERAGE SOLD PRICE
AVERAGE PRICE PER SF
AVERAGE DAYS ON MARKET
2017: 113 2016: 68
2017: $1,455,454 2016: $1,361,276
2017: $300.88 2016: $278.98
2017: 238 2016: 213
*Source: Northern Nevada Multiple Listing Service (NNRMLS) transaction volume for transactions over $1 million in all Reno/Sparks areas (Area 100), January 1 - September 30, 2017, as of October 10, 2017.
Top 5 Luxury Real Estate Companies 2017 Market Share for Reno/Sparks Homes Sold Over $1 Million*
DICKSON REALTY
35.20%
Chase 8.82 % Oliver 7.13% Ferrari-Lund 5.42 % RE/MAX Affiliates 4.88%
Luxury Home Sales By Month over $1 million* 2017 vs. 2016 25
26
2017 2016
20
22
15
Units Sold
14 11
10
7
JAN
12 10
7
5 3
13
11
8 5
12
7 5
5
3
FEB
MAR
APR
MAY
JUNE
JULY
AUG
SEPT
*Source: Northern Nevada Multiple Listing Service (NNRMLS) transaction volume for transactions over $1 million in all Reno/Sparks areas (Area 100), January 1 - September 30, 2017, as of October 10, 2017.
Luxury Homes By Price Range over $1 million in Reno/Sparks active as of Sept 30 sold Jan - Sept 2017
# Active and Sold
30
20
21
19
17
21
19
27 20
19
13
10
15
13
11 7
5 $
1. 0
-1 .
1
$
1.1
1.2
$
1. 2
1.3 $
1.3
1. 4
$
1. 4
-1 .
5 $
1 .5
1.6
8
6
$
1. 6
7 $
1 .7
1.8
7
5 2
5
4
-1 .
8
$
1. 8
-1 .
5
2
9 $
1 .9
2 .0
$2
.
2 0-
.5
$2
millions of $
Months of Inventory Active Listings By Price Range over $1 million*
months of inventory
50
49
40 36 30 20
23
10
10
8 0 0 $ 1.
-1 .
1
1 $ 1.
-1 .
2
14
10
2 $ 1.
-1 .
3
15
14
11
19
6 .3 $1
-1 .
4
4 $ 1.
-1 .
5
.5 $1
-1 .
6
6 $ 1.
-1 .
7
.7 $1
-1 .
8
8 $ 1.
-1 .
9 $
1 .9
2 .0
$
2 .0
-2
.5
$2
.5+
millions of $
*Source: Northern Nevada Multiple Listing Service (NNRMLS) transaction volume for transactions over $1 million in all Reno/Sparks areas (Area 100), January 1 - September 30, 2017, as of October 10, 2017.
.5+
Significant Dickson Realty Sales in 2017
SOLD $3,400,000
Montrêux
Seller Representation by Brooke Sullivan, 775-849-9444 & Buyer Representation by Rob Wonhof, 775-849-9444
SOLD $2,375,000
SW Reno
SOLD $2,125,000
Montrêux
SOLD $1,850,000
Montrêux
Seller Representation by Joseph Wieczorek, 775-335-5962
Seller Representation by Don Dees, 775-742-0669
Seller Representation by Rob Wonhof, 775-849-9444 & Buyer Representation by Carlee Ferrari, 775-284-3133
SOLD $2,500,000
SW Reno
SOLD $2,295,000
Montrêux
SOLD $1,998,000
Pecetti Ranch
Seller Representation by Diana Renfroe, 775-843-0777
Seller Representation by Monica Gore, 775-849-9444 & Buyer Representation by Louise Simpson, 775-750-1901
Seller Representation by Monica Gore, 775-849-9444
SOLD $1,800,000
Arrowcreek
Seller Representation by Christine Fuetsch, 775-284-3107
Significant Dickson Realty Sales in 2017
SOLD $1,734,829
Montrêux
SOLD $1,685,000
Arrowcreek
SOLD $1,658,000
Montrêux
SOLD $1,650,000
Arrowcreek
Seller Representation by Monica Gore, 775-849-9444 & Buyer Representation by Bonnie Beck, 775-846-7964
Seller Representation by Rob Wonhof, 775-849-9444 & Buyer Representation by Brooke Sullivan, 775-849-9444
Seller Representation by Clay Alder, 775-745-5708 & Buyer Representation by Amy DeBaun, 775-300-8654
Seller Representation by Wayne Marken, 775-722-7763
SOLD $1,650,000
Saddlehorn
SOLD $1,600,000
Montrêux
SOLD $1,600,000
SW Suburban Reno
SOLD $1,550,000
Montrêux
Seller Representation by Colleen Barrett, 775-848-5587
Seller Representation by Bonnie Beck, 775-846-7964 & Buyer Representation by Kevin Bown, 775-813-2387
Seller Representation by Brooke Sullivan, 775-849-9444
Seller Representation by Brooke Sullivan, 775-849-9444
Significant Dickson Realty Sales in 2017
SOLD $1,485,000
SW Suburban Reno
Seller Representation by Bonnie Lowder, 775-722-1686
SOLD $1,389,999
Old SW Reno
Seller Representation by M.C. Pierson, 775-742-9442
SOLD $1,365,000
Montrêux
SW Reno
SOLD $1,330,000
Montrêux
Eagles Nest
SOLD $1,300,000
Montrêux
Arrowcreek
Seller Representation by Beau Keenan, 775-338-3388
SOLD $1,350,000
Seller Representation by Lori Welsh, 775-771-6574
SOLD $1,325,000
SOLD $1,400,000
Seller Representation by Diana Renfroe, 775-843-0777 & Buyer Representation by Lori Welsh, 775-771-6574
Seller Representation by Rob Wonhof, 775-849-9444 & Buyer Representation by Rob Wonhof
Seller Representation by Rob Wonhof, 775-849-9444
Seller Representation by Douglas Gore, 775-843-2888 & Buyer Representation by Monica Gore, 775-849-9444
Significant Dickson Realty Sales in 2017
SOLD $1,299,000
SW Suburban Reno
SOLD $1,260,000
Old So Suburban Reno
SOLD $1,250,000
Montrêux
SOLD $1,199,000
SW Reno
Seller Representation by Carlee Ferrari, 775-284-3133
Seller Representation by Jeff Giesler, 775-850-7000
Seller Representation by Rebecca Dickson, 775-284-3044
Seller Representation by Lori Welsh, 775-771-6574
SOLD $1,291,875
Seller Representation by Carol Bond, 775-690-1870
Arrowcreek
SOLD $1,250,000
Old SW Reno
SOLD $1,225,000
Eagles Nest
Seller Representation by Joseph Wieczorek, 775-335-5962 & Buyer Representation by Rebecca Dickson, 775-284-3044
Seller Representation by Donna Luchetti, 775-284-3035
SOLD $1,199,000
Montrêux
Seller Representation by Brooke Sullivan, 775-849-9444
Significant Dickson Realty Sales in 2017
SOLD $1,185,000
Old So Suburban Reno
SOLD $1,175,000
Montrêux
SOLD $1,150,000
Arrowcreek
SOLD $1,125,000
Eagles Nest
Seller Representation by Rebecca Dickson, 775-284-3044
Seller Representation by Louise Simpson, 775-750-1901
Seller Representation by Scott Shandrew, 775-850-3113
Seller Representation by M.C. Pierson, 775-742-9442
SOLD $1,180,000
Montrêux
SOLD $1,150,000
SW Suburban Reno
SOLD $1,145,000
Fieldcreek
SOLD $1,110,000
SW Reno
Seller Representation by Brooke Sullivan, 775-849-9444 & Buyer Representation by Monica Gore, 775-849-9444
Seller Representation by Chris Whitney, 775-772-2253 & Buyer Representation by Chris Whitney
Seller Representation by Diana Renfroe, 775-843-0777 & Buyer Representation by Colleen Capurro, 775-284-3054
Seller Representation by Tori King, 775-250-1306 & Buyer Representation by Margie Wonhof, 775-750-5098
Significant Dickson Realty Sales in 2017
SOLD $1,100,000
Arrowcreek
Seller Representation by Carol Bond, 775-690-1870 & Buyer Representation by Louise Simpson, 775-750-1901
SOLD $1,090,000
Arrowcreek
Seller Representation by Joseph Wieczorek, 775-335-5962
SOLD $1,085,000
Arrowcreek
SOLD $1,075,000
Arrowcreek
SOLD $1,065,000
Arrowcreek
SOLD $1,049,000
Arrowcreek
Seller Representation by Carol Bond, 775-690-1870
Seller Representation by Carol Bond, 775-690-1870 & Buyer Representation by Carol Bond
Seller Representation by David Hughes, 775-771-1783
Seller Representation by Margie Wonhof, 775-750-5098
Dickson Realty is consistently ranked as one of the largest and most successful real estate companies in the country by REAL Trends 500 and RIS Media Big Broker reports. Our agents are recognized in REAL Trends Best Agents in America and are among The Thousand, a listing of the top agents in the nation. Our award-winning website is a multi-year recipient of the Leading Real Estates of the World Website Quality Certification for demonstrating best practices in website design and internet communications.
Current Dickson Luxury Listings Click on the MLS number to view each listing online.
170005579 6825 DE CHARDIN LANE Louise Simpson 775-750-1901
$3,939,393
$2,550,000 5865 LAUSANNE Rob Wonhof
$2,545,000 5850 LAUSANNE DRIVE Rob Wonhof
$4,499,000
$2,395,000 6105 LAKE GENEVA Louise Simpson
170006674 775-849-9444
170003355 775-750-1901
$1,950,000 160014402 1950 HOLCOMB RANCH LANE Joyce Trombley 775-287-4901
430 ANITRA Troy Browning
140015612 775-232-4509
170011072 775-849-9444
$3,750,000 20203 BORDEAUX DR. Brooke Sullivan
$1,950,000 1180 W PECKHAM Joseph Wieczorek
$1,949,500 120 W WILLIS Joseph Wieczorek
$1,875,000
775-335-5962
775-849-9444
$2,499,900 170014216 5260 CROSS CREEK LANE Christine Fuetsch 775-284-3107
$1,995,000 170006666 2125 GREENSBURG CIRCLE Susie McQuaid 775-284-3135
170001473
170003823
3305 MARIO ROAD Clay Alder
170009404 775-335-5962
140012423 775-745-5708
Current Dickson Luxury Listings Click on the MLS number to view each listing online.
$1,799,000 170014539 70 BEAR MOUNTAIN PLACE Jan Peck 775-284-3033
$1,785,000 170005936 2565 OLD WAVERLY COURT Diana Renfroe 775-843-0777
$1,745,000
$1,685,000 16775 MAGGIE CIRCLE Rebecca Dickson
$1,540,000 20612 CHANSON WAY Brooke Sullivan
$1,535,000 160005737 10398 COPPER CLOUD DRIVE Clay Alder 775-745-5708
$1,499,000 6864 MASTERS DRIVE J.P. Menante
$1,400,000
125 GREENRIDGE Marilyn Johnson
170003236 775-284-3044
160009023 775-691-9831
170013693 775-284-3113
150005814 775-849-9444
160010307 2500 OLD RANCH ROAD Larissa Osborn 775-848-6579
$1,495,000 160017130 3670 SPIRIT BLUFF COURT M.C. Pierson 775-742-9442
$1,425,000 20525 LATOUR Monica Gore
$1,399,000 2400 MOUNTAIN SPIRIT J.P. Menante
$1,399,000 3885 BOULDER PATCH Diane Macdonald
170014028 775-691-9831
170014680 775-849-9444
170011911 775-742-2343
Current Dickson Luxury Listings Click on the MLS number to view each listing online.
$1,390,000
170005616 74 BENNINGTON COURT Cathy Lancaster 775-830-6565
$1,375,000
$1,345,000
170007602 1015 TAOS RANCH COURT Diana Renfroe 775-843-0777
$1,299,000 4820 BUCKHAVEN RD Bonnie Lowder
$1,299,000 5095 W ACOMA ROAD Lori Welsh
2575 KINNEY J.P. Menante
$1,275,000 6465 MONTREUX LN Rob Wonhof
170008236 775-771-6574
170010551 775-849-9444
15 PRONGHORN CT. M.C. Pierson
$1,289,000
$1,265,000 20605 PARC FORET DR Brooke Sullivan
170008098 775-742-9442
170008194 775-722-1686
170009339 775-691-9831
170014440 775-849-9444
$1,350,000 16860 SALUT COURT Louise Simpson
$1,311,440 1220 SPRINGER COURT Dee McNeely
170013126 775-750-1901
170005997 775-830-7000
$1,285,000
170013360 5640 DE MAITRE COURT Rebecca Dickson 775-284-3044
$1,250,000 88 SMITH GAGE RD. Tim Beaupre
170011646 775-720-3122
Current Dickson Luxury Listings Click on the MLS number to view each listing online.
$1,250,000
$1,229,000 5160 BELSERA Carlee Ferrari
775-284-3133
170008250 15040 N TIMBERLINE DRIVE Marilyn Minor 775-284-3031
$1,150,000
170014420
$1,119,000
$1,149,000 170002890 62 E LIGHTNING W RANCH ROAD Mandie Jensen 775-287-6496
3605 FROST LANE Teri Shields
170006747 775-771-4694
$1,150,000
16925 DELACROIX Brooke Sullivan
170009752 775-849-9444
14522 QUAIL ROCK CT Troy Browning
170006749
775-232-4509
$1,199,000
306 E JEFFREY PINE Louise Simpson
170012768 775-750-1901
$1,149,995
170005731 1760 SHARPE HILL CIRCLE David Hughes 775-771-1783
$1,125,000 16845 RUE DU PARC Monica Gore
170014593 775-849-9444
Current Dickson Luxury Listings Click on the MLS number to view each listing online.
$1,100,000
170012730 5700 CEVENNES COURT Chris Whitney 775-772-2253
$1,099,000
$998,000 170000910 2745 SPINNAKER DRIVE Rebecca Dickson 775-284-3044
$1,045,000
3450 DAVIS LANE Cathy Hamel
170007069 775-224-1957
$1,095,950
170010135
3050 BLUE SPRUCE Joseph Wieczorek
775-335-5962
170013641 4101 WHISPERING PINE LOOP Larissa Osborn 775-848-6579
7
As soon as your luxury home is listed in the Multiple Listing Service (MLS), it will receive premium exposure on DicksonRealty.com, the region’s Number 1 real estate website
CAUGHLIN RANCH 775.746.7000
DAMONTE RANCH 775.850.7000
TRUCKEE 530.587.7444
SOMERSETT 775.746.7222
DONNER LAKE 530.587.4811
MONTRÊUX 775.849.9444
PORTOLA 530.832.1700
SPARKS 775.685.8800
DOWNTOWN 775.324.7000
NAKOMA 530.322.3320
DicksonLuxury.com | luxury@dicksonrealty.com
© 2017 Dickson Realty. All rights reserved. Although the information above is deemed reliable, Dickson Realty does not guarantee its accuracy. If your property is currently listed for sale, this is not intended to be a solicitation.