Dickson Realty Luxury Trends Reno/Sparks Mid-Year 2017

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

© 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.