Luxury Trends Mid-Year 2017 Market Report from the Market Leader
Mid-Year 2017 DicksonLuxury.com
COVER PROPERTY FEATURED:
2565 Old Waverly, Sparks, NV 89436 $1,850,000 MLS #170005936
2017 Luxury Market Report MID-YEAR Wow, what a difference a quarter makes! The second quarter of 2017 had more luxury home sales than any quarter since the recession. The mid-year market surprised us all with 63 luxury home sales as compared to 38 last year. Even with the significant weather conditions through May, the volume of sales over the $1 million price point increased more than $40 million year-over-year for a total of $92.8 million. Why? Our view is the strong economy, continued buzz about tax-free Nevada, and finally the realization of corporate relocations and the jobs that come with those companies. 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 RealtorsÂŽ today.
—President & CEO Dickson Realty
January-June 2017 vs. January-June 2016 Luxury Home Averages sales over $1 million*
+25
+7.55%
+5.13%
+6.69%
TOTAL HOMES SOLD
AVERAGE SOLD PRICE
AVERAGE PRICE PER SF
AVERAGE DAYS ON MARKET
2017: 63 2016: 38
2017: $1,473,081 2016: $1,369,684
2017: $300.85 2016: $286.18
2017: 255 2016: 239
*Source: Northern Nevada Multiple Listing Service (NNRMLS) transaction volume for transactions over $1 million in all Reno/Sparks areas (Area 100), January 1 - June 30, 2017, as of July 10, 2017.
Top 5 Luxury Real Estate Companies 2017 Market Share for Reno/Sparks Homes Sold Over $1 Million*
DICKSON REALTY
41.53%
Chase 7.59% RE/MAX Affiliates 7.03% Ferrari-Lund 6.65% Oliver 6.32 %
Luxury Home Sales By Month over $1 million* 2017 vs. 2016 20
22
15
Units Sold
14 11
10
7
7
5 3
JAN
2016
11
8 5
2017
5
5
3
FEB
MAR
APR
MAY
JUNE
*Source: Northern Nevada Multiple Listing Service (NNRMLS) transaction volume for transactions over $1 million in all Reno/Sparks areas (Area 100), January 1 - June 30, 2017, as of July 10, 2017.
Luxury Homes By Price Range over $1 million in Reno/Sparks
sold Jan - Jun 2017
25
21
20
14 10
10
10
16
13
12
10
11
9
9
10
6 0 $ 1.
-
1 .1
$ 1.
1 -1
.2
2 $ 1.
-1 .
3
.3 $1
-1 .
4
4 $ 1.
-
7
2
1 .5
.5 $1
-1 .
6
6 $ 1.
-1 .
2
4
3 3 7
.7 $1
-1 .
8
7
8 $ 1.
-1 .
9
1 .9 $1
-2
3
.0
$
2 .0
-2
.5
millions of $
Months of Inventory Active Listings By Price Range over $1 million* 50
months of inventory
# Active and Sold
30 active as of June 30
50
40
42 33
30
32
30
20 10.5
12.6
10 8.4 0 0 $ 1.
-1 .
1
7.2 1 $ 1.
-1 .
2
2 $ 1.
-1 .
3
9
8.67 .3 $1
-1 .
4
4 $ 1.
-1 .
5
6 .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), residential properties over $1 million in all Reno/Sparks areas (Area 100), January 1 - June 30, 2017, as of July 10, 2017.
3 $2
.5+
Significant Dickson Realty Sales in 2017
SOLD $3,400,000
Seller & Buyer Representation by Dickson Realty
SOLD $1,998,000
Seller Representation by Dickson Realty
SOLD $1,850,000
Seller & Buyer Representation by Dickson Realty
SOLD $1,658,000
Seller & Buyer Representation by Dickson Realty
Montrêux
Pecetti Ranch
Montrêux
Montrêux
SOLD $2,375,000
Seller Representation by Dickson Realty
SOLD $2,125,000
Seller Representation by Dickson Realty
SOLD $1,800,000
Seller Representation by Dickson Realty
SOLD $1,650,000
Seller Representation by Dickson Realty
SW Reno
Montrêux
Arrowcreek
Arrowcreek
Significant Dickson Realty Sales in 2017
SOLD $1,600,000
Seller & Buyer Representation by Dickson Realty Casazza Ranch
SOLD $1,600,000
Seller Representation by Dickson Realty
SOLD $1,734,829
Seller & Buyer Representation by Dickson Realty
SOLD $1,325,000
Seller & Buyer Representation by Dickson Realty
Montrêux
Montrêux
Eagles Nest
SOLD $1,685,000
Seller & Buyer Representation by Dickson Realty
SOLD $1,250,000
Seller & Buyer Representation by Dickson Realty
SOLD $1,400,000
Seller Representation by Dickson Realty
SOLD $1,365,000
Seller & Buyer Representation by Dickson Realty
Arrowcreek
Old SW Reno
Old SW Reno
Montrêux
Significant Dickson Realty Sales in 2017
SOLD $1,291,875
Seller Representation by Dickson Realty
SOLD $1,175,000
Seller Representation by Dickson Realty
SOLD $1,180,000
Seller & Buyer Representation by Dickson Realty
SOLD $1,199,000
Seller Representation by Dickson Realty
Arrowcreek
Montrêux
Montrêux
Montrêux
SOLD $1,299,000
Seller Representation by Dickson Realty
SOLD $1,250,000
Seller Representation by Dickson Realty
SOLD $1,199,000
Seller Representation by Dickson Realty
SOLD $1,090,000
Seller Representation by Dickson Realty
So Suburban Reno
Montrêux
Juniper Ridge
Arrowcreek
Significant Dickson Realty Sales in 2017
SOLD $1,145,000
Seller & Buyer Representation by Dickson Realty
SOLD $1,100,000
Seller & Buyer Representation by Dickson Realty
SOLD $1,085,000
Seller Representation by Dickson Realty
Fieldcreek
Arrowcreek
SOLD $1,110,000
SW Reno
Seller & Buyer Representation by Dickson Realty
SOLD $1,065,000
Seller & Buyer Representation by Dickson Realty
Arrowcreek
Arrowcreek
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.
$4,950,000
170005579
$3,950,000
170003823
$3,939,393
140015612
$2,550,000
170006674
$2,500,000
170009884
$2,495,000
170005853
$2,495,000
170003318
$2,485,000
170005173
$2,395,000
170003355
$1,995,000
170006666
$1,950,000
170009404
$1,950,000
6825 DE CHARDIN LANE
5865 LAUSANNE
90 HAWKEN RD.
2125 GREENSBURG CIRCLE
20203 BORDEAUX DR.
905 JUNIPER HILL ROAD
5905 SKY TERRACE COURT
1180 W PECKHAM
430 ANITRA
5820 LAUSANNE DRIVE
6105 LAKE GENEVA
160014402 1950 HOLCOMB RANCH LANE
Current Dickson Luxury Listings Click on the MLS number to view each listing online.
$1,950,000
170005918
$1,925,000
160010307
$1,899,000
160007701
$1,895,000
170001755
$1,850,000
170005936
$1,825,000
140012423
$1,785,000
170003236
$1,599,000
160009023
$1,595,000
160017130
160005737 10398 COPPER CLOUD DRIVE
$1,398,000
170005997
$1,395,000
170007602
545 MOUNT MAHOGANY
175 HAWKEN ROAD
16775 MAGGIE CIRCLE
$1,535,000
2500 OLD RANCH ROAD
2565 OLD WAVERLY COURT
6864 MASTERS DRIVE
1220 SPRINGER COURT
6672 MASTERS DRIVE
3305 MARIO ROAD
3670 SPIRIT BLUFF COURT
1015 TAOS RANCH COURT
Current Dickson Luxury Listings Click on the MLS number to view each listing online.
$1,390,000
170005616
$1,375,000
170008098
$1,340,000
170006747
$1,335,000
160010604
$1,325,000
170008194
$1,325,000
170009339
$1,299,000
170008236
$1,295,000
170002890 62 E LIGHTNING W RANCH ROAD
$1,279,000
170006749
$1,249,000
170009518
$1,200,000
$1,195,900
170008697
74 BENNINGTON COURT
2430 FARETTO LANE
5095 W ACOMA ROAD
5900 CARTIER DRIVE
15 PRONGHORN CT.
4820 BUCKHAVEN RD
15040 N TIMBERLINE DRIVE
170008250
3605 FROST LANE
2575 KINNEY
5160 BELSERA
581 RIDGE STREET
Current Dickson Luxury Listings Click on the MLS number to view each listing online.
$1,175,000
170006596
$1,149,000
170009752
$1,145,000
170000910
$1,125,520
170005731
$1,100,000
170008885
$1,099,000
170007069
$1,059,958
170005729
$1,004,798
170005724
5965 GAUGUIN
1760 SHARPE HILL CIRCLE
1775 BOULDER RIDGE TRAIL
16925 DELACROIX
17155 SNOW BERRY DR
1760 BOULDER RIDGE TRAIL
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
2745 SPINNAKER DRIVE
3450 DAVIS LANE
7
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
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