Dickson Realty Luxury Trends 2015 Q1

Luxury Trends 2015 Market Report from the Market Leader

1st Quarter 2015 DicksonLuxury.com

COVER PROPERTY FEATURED:

430 Anitra Dr Reno NV 89511 $4,500,000 MLS #140015612

Welcome

TO OUR 1ST QUARTER 2015, LUXURY MARKET REPORT. It’s springtime in Northern Nevada and with spring comes many new sellers and buyers into the market. The first quarter of 2015, improved over the same period in 2014, with an increase in the number of homes sold and average sold per square foot price, along with a decrease in the average days on market. Over 88% of the sales were between $1 million and $1.5 million, while nearly 12% of the sales were between $2 million and $2.5 million. We expect the positive trends to continue into the second quarter as interest rates remain low and the local economy continues to grow.

While the steady 1st quarter sales are encouraging, price continues to be an important factor when selling, as the inventory of luxury homes for sale is growing. As of the date of this report, 132 homes over $1 million dollars were listed for sale in the greater Reno/Sparks area, equating to a two year supply of inventory.

Now, more than ever, it is important to have a real estate expert help you evaluate the market conditions when buying or selling a luxury home. Our team of Dickson Realty Luxury Specialists looks forward to serving you in 2015!

—CEO Dickson Realty

2015 vs. 2014 Luxury Home Averages over $1 million Comparing January 1-March 31 2015 to same period 2014

+4

-16%

+0.53%

-20%

TOTAL UNITS SOLD

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SF

AVERAGE DAYS ON MARKET

2015: 17 2014: 13

2015: $1,284,176 2014: $1,528,846

2015: $270.93 2014: $269.51

2015: 235 2014: 294

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

40.99%

DICKSON REALTY

Chase International 21.09% Ferrari-Lund 10.93% Sierra Sotheby’s 7.95% Coldwell Banker 4.43%

Active Listings Over $1 Million $2,500,000 and higher

$1,000,000– $1,499,999

48.46%

Sold Listings Over $1 Million $1,000,000– $1,499,999

88.24%

13.85%

$2,000,000– $2,499,999

$1,500,000– $1,999,999

$2,000,000– $2,499,999

22.31%

11.76%

15.38% $1,000,000– 63 Active Listings $1,499,999 $1,245,102 Average Price

$1,000,000– 15 Sold Listings $1,499,999 $1,168,067 Average Price

$1,500,000– 29 Active Listings $1,999,999 $1,785,038 Average Price

$2,000,000– 2 Sold Listings $2,499,999 $2,155,000 Average Price

218 Average Days On Market

264 Average Days On Market

299 Average Days On Market

141 Average Days On Market

$2,000,000– 20 Active Listings $2,499,999 $2,249,500 Average Price

213 Average Days On Market

$2,500,000 18 Active Listings and higher $4,391,336 Average Price

360 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-March 31, 2015, as of April 13, 2015.

Significant Dickson Sales 1st quarter 2015

SOLD $2,210,000

Seller & Buyer Representation by Dickson Realty

MontrĂŞux

SOLD $1,450,000

Casazza Ranch

Seller Representation by Dickson Realty

SOLD $1,175,000

Seller Representation by Dickson Realty

Arrowcreek

SOLD $1,450,000

Seller Representation by Dickson Realty

SOLD $1,252,000

Seller & Buyer Representation by Dickson Realty

SOLD $1,040,000

Seller Representation by Dickson Realty

Galena Forest

Arrowcreek

Monte Rosa

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

r! cove r u no ed o r u t Fea

$4,800,000

MLS #150002576

$4,500,000

MLS #140015612

$3,199,000

MLS #140014759

$2,999,000

MLS #130013061

$2,887,749

MLS #140010487

$2,765,000

MLS #140003232

$2,595,000

MLS #140010060

$2,550,000

MLS #140000142

$2,500,000

MLS #150002583

$2,450,000

MLS #140008664

$2,395,000

MLS #130007672

$2,390,000

MLS #140010943

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.

$2,388,000

MLS #150003878

$2,350,000

MLS #150001093

$2,200,000

MLS #130010841

$2,199,000

MLS #130008530

$2,188,000

MLS #150003869

$2,175,000

MLS #150003314

$2,125,000

MLS #140012423

$1,995,000

MLS #140011133

$1,987,500

MLS #140015543

$1,985,000

MLS #130007872

$1,875,000

MLS #140012641

$1,790,000

MLS #120007781

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.

$1,699,000

MLS #150001974

$1,685,000

MLS #140011525

$1,669,700

MLS #140002121

$1,645,000

MLS #140015805

$1,645,000

MLS #150000733

$1,575,000

MLS #140004175

$1,487,000

MLS #110015329

$1,425,000

MLS #140007154

$1,300,000

MLS #150002445

$1,300,000

MLS #150002255

$1,299,000

MLS #150001581

$1,299,000

MLS #140009167

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.

$1,295,000

MLS #150001334

$1,280,000

MLS #150001077

$1,245,000

MLS #150001744

$1,200,000

MLS #140016113

$1,200,000

MLS #150002107

$1,200,000

MLS #150004090

$1,199,000

MLS #150004011

$1,175,000

MLS #130013962

$1,099,000

MLS #130002684

RENO

RENO

VERDI

$1,099,000

MLS #140007235 RENO

RENO

RENO

RENO

$1,099,000

MLS #140008350 RENO

$1,075,000

MLS #140008335 RENO

RENO

RENO

RENO

$1,000,000 MLS #120001304 RENO

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