Luxury Trends 2015 Market Report from the Market Leader
2nd Quarter 2015 DicksonLuxury.com
COVER PROPERTY FEATURED:
339 Anitra Dr Reno NV 89511 $5,480,000 MLS #150007415
Welcome
TO OUR 2ND QUARTER 2015, LUXURY MARKET REPORT. The first half of 2015 was positive for luxury home sales in the Reno area. In the second quarter alone, there were 30 home sales over $1 million, which is a 76.5% increase in sales compared to 17 in the first quarter. Sales were strong in most neighborhoods; however, two areas in particular had the most activity, with 5 sales in the Eaglesnest community of Caughlin Ranch and 7 sales in Montrêux. While sales have increased in 2015, the luxury home market remains oversupplied with approximately two years of inventory over $1 million. Correctly pricing your home to sell in this highly competitive market is key to a successful sale within a reasonable timeframe. Whether buying or selling, call one of the Luxury Specialist agents at Dickson Realty to help achieve your real estate goals. We look forward to the opportunity to work with you.
—CEO Dickson Realty
2015 vs. 2014 Luxury Home Averages over $1 million Comparing January 1 - June 30 2015 to same period 2014
+15
+.93%
-3.81%
+18.8%
TOTAL UNITS SOLD
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE PER SF
AVERAGE DAYS ON MARKET
2015: 47 2014: 32
2015: $1,552,401 2014: $1,538,091
2015: $282.17 2014: $293.35
2015: 285 2014: 240
Top 5 Luxury Real Estate Companies 2015 Market Share for Reno/Sparks Homes Sold Over $1 Million*
45.04%
DICKSON REALTY Chase International 17.64% Coldwell Banker 7.94% Ferarri-Lund 6.69% Sierra Sotheby’s 4.10%
Active Listings Over $1 Million
Q2 Sold Listings Over $1 Million $1,000,000– $1,499,999
$1,000,000– $1,499,999
50.00% $2,500,000 and higher
60.0%
$2,500,000 and higher
3.33%
14.74%
$2,000,000– $2,499,999 $2,000,000– $2,499,999
$1,500,000– $1,999,999
16.67%
18.59%
16.67% $1,500,000– $1,999,999
20.0%
$1,000,000– 78 Active Listings $1,499,999 $1,231,444 Average Price
$1,000,000– 18 Sold Listings $1,499,999 $1,220,714 Average Price
$1,500,000– 29 Active Listings $1,999,999 $1,753,920 Average Price
$1,500,000– 6 Sold Listings $1,999,999 $1,664,000 Average Price
$2,000,000– 26 Active Listings $2,499,999 $2,330,957 Average Price
$2,000,000– 5 Sold Listings $2,499,999 $2,235,000 Average Price
155 Average Days On Market
242 Average Days On Market
206 Average Days On Market
$2,500,000 23 Active Listings and higher $4,114,621 Average Price
290 Average Days On Market
307 Average Days On Market
177 Average Days On Market
353 Average Days On Market
$2,500,000 1 Sold Listings and higher $8,000,000 Average Price
1031 Average Days On Market
*Source: Northern Nevada Multiple Listing Service (NNRMLS) transaction volume for sold transactions over $1 million for all Reno/Sparks areas (Area 100), January 1-June 30, as of July 6, 2015.
Significant Dickson Sales 2nd quarter 2015
SOLD $2,300,000
Seller Representation by Dickson Realty
SOLD $2,200,000
Seller & Buyer Representation by Dickson Realty
SOLD $1,585,000
Seller & Buyer Representation by Dickson Realty
Montrêux
Montrêux
Eagles Nest
SOLD $2,200,000
Seller & Buyer Representation by Dickson Realty
SOLD $2,180,000
Seller & Buyer Representation by Dickson Realty
SOLD $1,480,000
Seller & Buyer Representation by Dickson Realty
Southwest Reno
Montrêux
Eagles Nest
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
$3,199,000
MLS #140014759
$2,999,000
MLS #130013061
$2,995,000
MLS #150008073
$2,775,000
MLS #140010487
$2,765,000
MLS #140003232
$2,695,000
MLS #150005728
$2,595,000
MLS #140010060
$2,500,000
MLS #150002583
$2,495,000
MLS #150007996
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.
$2,485,000
MLS #150008410
$2,475,000
MLS #140000142
$2,450,000
MLS #140008664
$2,395,000
MLS #130007672
$2,390,000
MLS #140010943
$2,388,000
MLS #150003878
$2,199,000
MLS #130008530
$2,188,000
MLS #150001093
$2,188,000
MLS #150003869
$2,125,000
MLS #140012423
$1,895,000
MLS #140011133
$1,985,000
MLS #130007872
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.
$1,899,000
MLS #150007048
$1,795,000
MLS #140012641
$1,850,000
MLS #150009039
$1,790,000
MLS #120007781
$1,699,000
MLS #150001974
$1,669,700
MLS #140002121
$1,645,000
MLS #150000733
$1,599,000
MLS #150005814
$1,599,000
MLS #150004497
$1,595,000
MLS #150006311
$1,575,000
MLS #140004175
$1,450,000
MLS #150007597
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.
$1,398,000
MLS #140007154
$1,350,000
MLS #150006260
$1,299,000
MLS #140009167
$1,294,000
MLS #150001581
$1,159,000
MLS #150001334
$1,245,000
MLS #150001077
$1,135,000
MLS #150002107
$1,200,000
MLS #150005807
$1,199,000
MLS #150004011
$1,199,000
MLS #150007075
RENO
RENO
RENO
RENO
RENO
RENO
RENO
VERDI
$1,300,000 RENO
$1,250,000
WASHOE VALLEY
RENO
RENO
MLS #150002255
MLS #150009037
Current Dickson Luxury Listings Click on the MLS number to view each listing online.
$1,190,000
MLS #150006483
$1,185,000
MLS #150005109
$1,175,000
MLS #130013962
$1,175,000
MLS #140016113
$1,174,900
MLS #150001744
$1,100,000
MLS #150008103
$1,099,000
MLS #150002445
$1,050,000
MLS #140015481
$1,050,000
MLS #150005087
RENO
RENO
RENO
RENO
RENO
RENO
$1,014,000 RENO
MLS #150007268
RENO
RENO
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