Dickson Realty Luxury Trends Q3 2016 Reno/Sparks

Luxury Trends 3rd Quarter 2016 Market Report from the Market Leader

Q3 2016 DicksonLuxury.com

COVER PROPERTY FEATURED:

655 Juniper Hill Road, Reno NV 89519 $2,700,000 MLS #160003021

Welcome TO OUR Q3 2016, LUXURY MARKET REPORT. We hope you enjoy this 3rd Quarter edition of our Luxury Trends Report. As we look ahead to the upcoming Presidential election this November, many of our customers are asking how this may affect the luxury real estate market in Reno/Sparks. Historically, Presidential elections impact stock markets more acutely than residential real estate markets; however, luxury home sales have a strong relationship to the condition of the stock market and overall economy. While there may be some slowdown and caution, the overall effect will be slight. We anticipate continued steady movement in our market. Over the last 33 months, the majority of sales over one million dollars have been between $1 million and $1.5 million. Year-to-date, that segment represents 72% of the sales absorbing 61% of the available inventory in that price range. By contrast, sales over $2 million represent 7.4% of the sales this year with absorption at approximately 11% of the standing inventory.

In this growing and changing market, it is important to use the skills of a professional specializing in luxury home sales. Our highly trained, experienced agents are here to assist you whether buying or selling or both!

—CEO Dickson Realty

January - September 2016 vs. 2015 Luxury Home Averages sales over $1 million*

-2

-9.01%

-4.73%

-23.10%

TOTAL UNITS SOLD

AVERAGE SOLD PRICE

AVERAGE PRICE PER SF

AVERAGE DAYS ON MARKET

2016: 68 2015: 70

2016: $1,361,276 2015: $1,496,051

2016: $278.98 2015: $292.82

2016: 213 2015: 277

*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, 2016, as of October 7, 2016.

Top 5 Luxury Real Estate Companies

January - September 2016 Market Share for Reno/Sparks Homes Sold Over $1 Million*

DICKSON REALTY

33.43%

RE/MAX Affiliates 8.16% Chase International 7.38% Ferrari-Lund 5.63% Coldwell Banker Select 4.90%

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

$1,000,000– $1,499,999

45%

16%

YTD Sold over $1 Million $2,000,000– $2,499,999

$2,500,000 and higher

4%

$2,000,000– $2,499,999

$1,500,000– $1,999,999

10%

21%

3%

$1,000,000– $1,499,999

$1,500,000– $1,999,999

72%

29% $1,000,000– 80 Active Listings $1,499,999 $1,263,246 Average Price

$1,000,000– 49 Sold Listings $1,499,999 $1,172,945 Average Price

$1,500,000– 52 Active Listings $1,999,999 $1,752,227 Average Price

$1,500,000– 14 Sold Listings $1,999,999 $1,656,607 Average Price

$2,000,000– 19 Active Listings $2,499,999 $2,331,251 Average Price

$2,000,000– 3 Sold Listings $2,499,999 $2,300,000 Average Price

143 Average Days On Market

193 Average Days On Market

260 Average Days On Market

$2,500,000 28 Active Listings and higher $3,848,439 Average Price

297 Average Days On Market

157 Average Days On Market

211 Average Days On Market

395 Average Days On Market

$2,500,000 and higher

2 Sold Listings $2,500,000 Average Price 1,304 Average Days On Market

*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, 2016, as of October 7, 2016.

Significant Dickson Realty Sales in 2016

SOLD $2,500,000

Seller Representation by Dickson Realty

SOLD $2,050,000

Seller & Buyer Representation by Dickson Realty

SOLD $1,532,500

Seller Representation by Dickson Realty

SOLD $1,510,000

Seller & Buyer Representation by Dickson Realty

South Suburban

Old SW Reno

Galena Forest

Montreux

SOLD $2,450,000

Seller Representation by Dickson Realty

SOLD $1,750,000

Seller Representation by Dickson Realty

SOLD $1,525,000

Seller Representation by Dickson Realty

SOLD $1,499,332

Seller & Buyer Representation by Dickson Realty

Montrêux

Arrowcreek

Montreux

Montrêux

Significant Dickson Realty Sales in 2016

SOLD $1,450,000

Seller Representation by Dickson Realty

St. James Village

SOLD $1,350,000

Seller Representation by Dickson Realty

SOLD $1,328,000

Seller Representation by Dickson Realty

SOLD $1,285,000

Seller & Buyer Representation by Dickson Realty

Arrowcreek

Arrowcreek

Montrêux

SOLD $1,365,000

Seller Representation by Dickson Realty

SOLD $1,331,000

Seller Representation by Dickson Realty

SOLD $1,300,000

Seller Representation by Dickson Realty

SOLD $1,250,000

Seller Representation by Dickson Realty

Washoe Valley

Arrowcreek

Montreux

Galena

Significant Dickson Realty Sales in 2016

SOLD $1,250,000

Seller & Buyer Representation by Dickson Realty

SOLD $1,175,000

Seller & Buyer Representation by Dickson Realty

SOLD $1,150,000

Seller Representation by Dickson Realty

SOLD $1,100,000

Seller & Buyer Representation by Dickson Realty

SW Reno

Arrowcreek

Galena Forest

Montreux

SOLD $1,175,000

Seller Representation by Dickson Realty

SOLD $1,160,000

Seller Representation by Dickson Realty

SOLD $1,125,000

Seller Representation by Dickson Realty

SOLD $1,100,000

Seller Representation by Dickson Realty

Arrowcreek

Montreux

Arrowcreek

Old SW Reno

Significant Dickson Realty Sales in 2016

SOLD $1,100,000

Seller & Buyer Representation by Dickson Realty

SOLD $1,065,000

Seller Representation by Dickson Realty

SOLD $1,025,000

Seller Representation by Dickson Realty

Monte Rosa

Montreux

Juniper Ridge

SOLD $1,075,000

Seller Representation by Dickson Realty

SOLD $1,025,000

Seller Representation by Dickson Realty

SOLD $1,009,000

Seller Representation by Dickson Realty

S Suburban Reno

S Suburban Reno

Galena Forest

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

$4,500,000

150002576

$3,500,000

160012073

$2,675,000

150010094

$2,450,000

160002314

20203 BORDEAUX DR.

132 GREENRIDGE DRIVE

5850 LAUSANNE

140 HAWKEN RD

$3,939,393

140015612

$3,500,00

$2,800,00

160003021

$2,690,000

160005877

$2,495,000

160009435

$2,495,000

160000006

$2,395,000

160002452

$2,295,000

160005867

430 ANITRA

655 JUNIPER HILL ROAD

5820 LAUSANNE DR.

6105 LAKE GENEVA

339 ANITRA

6320 DE CHARDIN

90 HAWKEN RD.

20162 BORDEAUX DRIVE

150007415

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

$2,280,000

$2,250,000

160012740

$1,995,000

160005640

$1,995,000

160005603 10043 E DESERT CANYON DRIVE

$1,995,000

140012423

$1,985,000

150015524

$1,950,000 160014402 1950 HOLCOMB RANCH LANE

$1,925,000

160010307

$1,899,000

160007701

$1,750,000

160009023

$1,750,000

160011698

6340 MORMON TEA WAY

$1,789,000

14285 QUAIL SPRINGS

160012974

160006978

11155 BOULDER GLEN WAY

3305 MARIO ROAD

2500 OLD RANCH ROAD

6864 MASTERS DRIVE

5815 LAUSANNE DRIVE

8999 PANORAMA DRIVE

6672 MASTERS DRIVE

6501 SALT BRUSH

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

$1,750,000

160014471

$1,700,000

$1,625,000

6175 LAKE GENEVA DRIVE

20588 CHANSON WAY

40 SHARPS CIRCLE

$1,750,000

160008045

160002103

$1,699,000

160011920

$1,535,000 160005737 10398 COPPER CLOUD DRIVE

$1,700,000

150013612

160011052

$1,695,000

160013516

$1,599,950

160012464

$1,599,000

150005814

$1,495,000

160006371

$1,485,000

160010604

35 GREYBULL COURT

4265 BASQUE LANE

394 QUESTA CT

1080 MOUNT ROSE

6626 GEBSER COURT

9695 PASSA TEMPO DRIVE

20612 CHANSON WAY

2430 FARETTO LANE

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

$1,450,000

160000067

$1,395,000

140012641

$1,374,000

150009616

$1,299,000

150009039

65 SHARPS CIRCLE

5825 STRASBOURG CT.

5920 CARTIER

15155 TIMBER CREST TRAIL

$1,435,000

160014737

$1,395,000

160013941

$1,395,000

160002406

$1,375,000

160007649

$1,350,000

160006377

$1,350,000

160010269

$1,275,000

160014136

$1,269,000

1107 IVY COURT

20624 CHANSON WAY

20525 LATOUR WAY

5965 GAUGUIN

1015 TAOS RANCH COURT

74 BENNINGTON COURT

30 SHARPS CIRCLE

160005413 4460 MOUNTAINGATE DRIVE

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

$1,265,000

6000 GAUGUIN

160011589

160000730 $1,250,000 160011225 $1,249,000 5945 GAUGUIN 20665 PARC FORET DRIVE 6465 MONTREUX LANE

$1,250,000

$1,245,000

160009423 $1,195,500 160014694 $1,179,000 270 ABIES ROAD 20605 PARC FORET DR. 11015 MONTANO RANCH

160007728

$1,150,000

160009716 $1,149,000 160012828 $1,095,950 3050 BLUE SPRUCE 243 E JEFFREY PINE ROAD 6022 MONTE ROSA COURT

160006511

$1,075,000

$1,149,000

$1,050,000

1940 VIEW CREST

160004911

$1,050,000

12760 SILVER WOLF

160008359

$1,039,000

1855 SIERRA SAGE

160014716

160011482

160014510 4105 WHISPERING PINE LOOP

160005940 $1,025,000 160010281 3640 PLUMAS STREET 4327 CAUGHLIN PARKWAY

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

SPARKS 775.685.8800

GRAEAGLE 530.836.1700

DicksonLuxury.com | luxury@dicksonrealty.com

© 2016 Dickson Realty. All rights reserved. Although the information above is deemed reliable, Dickson Realty does not guarantee its accuracy.

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