Mid-Year 2021 Luxury Trends Report for Reno/Sparks

Page 1

Luxury Trends Mid-Year 2021 Luxury Report from the Market Leader

Mid-Year 2021 DicksonLuxury.com


Welcome to our Mid-Year Luxury Trends

COVER PROPERTY:

2550 Old Waverly Ct We are continuing to see the effects of low interest rates, high stock market Sparks, NV 89436 returns, low inventory and high buyer demand through the end of June. From $2,370,000 MLS# 210009497 January to June 2021, our luxury market sales increased from 98 homes sold

in 2020 to 266 homes sold in 2021, for a 171% increase. The average sold price has increased by 10.4%. It was interesting to see that only 17 homes out of the 266 homes sold (through MLS) were new construction. Dickson’s Vice President of Luxury, Rebecca Dickson, notes with the cost of new construction approaching $700 per square foot, most buyers are focusing on resales. Of the balance of homes sold that were resales, it does not appear age is a factor with 45% of sales 21 years or older and 54%, 20 years or younger. While we are not forecasting a significant change in our luxury market through the year end, we are beginning to see slight changes that may signal some emerging trends for the future. The most obvious change is an increase in luxury homes available for sale. With more homes being available to purchase, we have a decrease in what is referred to as the “desperation of buyers”. In the past 30 to 45 days buyers are being more conservative in what they are willing to pay. “As employees go back to work and children go back to school, buyers may not be feeling the urgent need for larger homes that we have witnessed in the past year. We also need to be aware that some companies in our area that offer higher paying jobs are also implementing hiring freezes. This may reduce the frantic purchase efforts in our market” says VP of Luxury, Rebecca Dickson. This trend was validated on a recent call with 10 other luxury companies around the country who have noticed the same change in their markets. Luxury buyers are not having the same “sky is the limit” attitude as in the past. My point is even in this robust sellers market, it is still important to price your house correctly in order not to limit your home’s potential. Asking a high price doesn’t mean you are going to sell your home. The appreciation of our average luxury sales price of 10.4% is already a big number and by adding an unrealistic higher price on top of that may deter buyers, causing your home to sit on the market longer or require a price drop that can raise questions among prospective buyers. We would like to offer this advice; if you are thinking of putting your luxury home on the market, be strategic in your pricing. You will get a remarkable price for your home in this market, but there is a fine line between receiving top dollar and asking an unrealistic price. Pricing is a fine art, especially in today’s market. We hope that you consider working with one of the many fine luxury experts at Dickson Realty who can guide you in the value of your home and help you set a price that’s both realistic and attainable. Have a lovely summer and stay cool! Sincerely,

— CEO, Dickson Realty

Jan-Jun

2021 vs. Jan-Jun

2020 Reno/Sparks Sales Over $1 Million*

+171%

+10.4%

+17%

-45%

TOTAL HOMES SOLD

AVERAGE SOLD PRICE

AVERAGE PRICE PER SF

AVERAGE DAYS ON MARKET

2021: 266 2020: 98

2021: $1,640,468 2020: $1,485,710

2021: $394.97 2020: $337.20

2021: 97 2020: 176

*Source: Northern Nevada Multiple Listing Service (NNRMLS) residential volume for transactions over $1 million in all Reno/Sparks areas (Area 100), January 1 - June 30, 2021, as of 7/7/2021


Top 5 Luxury Real Estate Companies 2021 Market Share for Reno/Sparks Homes Sold Over $1 Million*

31.24%

DICKSON REALTY 10.44% chase 5.52% keller williams group one 4.74% re/max gold 3.66% coldwell banker select

Dickson Realty market share for Reno/Sparks homes sold over $2 million in 2021 =

41.81%

Dickson Realty market share for Reno/Sparks homes sold over $3 million in 2021 =

45.88%

Luxury Home Sales By Month Over $1 Million* 2021 vs. 2020

# OF UNITS SOLD

2021 2020

*Source: Northern Nevada Multiple Listing Service (NNRMLS) residential volume for transactions over $1 million in all Reno/Sparks areas (Area 100), January 1 - June 30, 2021, as of 7/7/2021


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ACTIVE as of 7/1/2021

Over $1 Million* In Reno/Sparks

SOLD Jan - Jun 2021

# OF ACTIVE & SOLD

Luxury Homes By Price Range

MILLIONS OF $

Months of Inventory

17 Days

20 Days

2021 2020

16 Days

MONTHS OF INVENTORY

Over $1 Million* In Reno/Sparks

MILLIONS OF $ *Source: Northern Nevada Multiple Listing Service (NNRMLS) residential volume for transactions over $1 million in all Reno/Sparks areas (Area 100), January 1 - June 30, 2021, as of 7/7/2021


RETHINKING

GREIGE

IN THE NEW DECADE As we enter a new decade, it may be time to reconsider arguably the hottest neutral of the 2010s — greige.


How did greige come to be a go-to trend in the first place? Two popular colors preluded this pick — beige and grey. “Beige had been a long-time, go-to neutral which started to grow tired, so grey became a refreshing palette,” says Dee Frazier, CEO and Principal Designer of the award-winning Dee Frazier Interiors in Plano, Texas. Frazier states that grey, too, has been popular for a long time, recalling that she has incorporated it in her designs as far back as the 1980s. “The problem with grey, however, is that it tends to be cold,” she says, and while people tend to enjoy warm colors, like beige, it needed to be made contemporary. “That’s where greige came along. It’s the best of the both worlds. It’s a fresh take on the grey family, but it has a warmer feel to it.” Homeowners enjoy greige because it acts as a blank canvas, complementing whatever color schemes it is paired with, whereas non-neutrals act as a statement that has to be thoughtfully planned around. The idea of the blank canvas also makes sense when someone is looking to sell a home — risky colors may put off a buyer, whereas a contemporary neutral like greige is non-distracting and instead provides buyers the opportunity to envision themselves living there. As a result, it’s no wonder that greige has taken over — it offers all the benefits of a neutral palette that is both contemporary and stylish. That being said, its long-reigning popularity means the shade is everywhere and, with that, is bound to come some fatigue.

“Some people are growing tired of [greige], but that happened with beige, too,” notes Frazier. The hue’s overexposure has also notably meant that perspective properties have taken on similar color schemes and, while beautiful, can appear too similar. As a result, those with greige walls may fail to stand out.

Article and images used with permission from Luxury Portfolio International®


Alternatives to Greige Those looking to make a memorable impression may want to consider incorporating bolder, non-neutral colors on the wall — blue, for example, is what Frazier recommends for those looking to sell.

Green is a great pick, especially emerald green, but be wary of greens that are “too yellow, too bright, or too 1980s.”

“Blue is timeless — people love blue,” describes Frazier, noting that it’s a popular pick among her clients in Texas. In fact, “Classic Blue” was named Pantone’s Color of the Year in 2020. Pantone described it as “instilling calm, confidence, and connection,” and that it “highlights our desire for a dependable and stable foundation on which to build as we cross the threshold into a new era.” These words, written in late 2019, feel particularly poignant with the uncertainty brought on by COVID-19, making “Classic Blue” an even more desirable pick when preparing your home for market.

Greige walls should act as a backdrop to the other design elements of the room.

The beauty of blue, too, is there is a shade for anyone, according to Frazier — one could lean towards the indigos and dark blues, or instead opt for a blue-green hue, like teal or turquoise. She continues that green, in and of itself, also makes for a great pick, particularly an emerald green. Alternatively, olive green works exceptionally for those still looking for warmer undertones. Frazier cautions, however, to be wary of greens that are “too yellow, too bright, or too 1980s.” Homeowners may also consider looking into trending and upcoming colors, however, it’s necessary to avoid colors that frighten people, Frazier notes, recalling a home she previously worked on that didn’t sell for three years due to its color scheme. After changing the palette, the home sold within two weeks.

The beauty of blue is there is a shade for anyone.

“Your house has to be personable in a way that buyers can envision themselves living there.” For those who prefer to stick with neutrals, it’s important to remember the two types of neutrals — browns, which includes beige, and the shades between white and black, which would include greige and grey, says Frazier. If you’re looking for warmth in your neutrals, consider the “new beiges,” which are less yellow than those previously popular, or perhaps a cream with warmer undertones.

Article and images used with permission from Luxury Portfolio International®


Neutrals can even be bold. Striking contrasts of black and white make just as much of a statement as non-neutral colors. Frazier describes an exceptional dining room she did with black wallpaper and a matte black ceiling, which was then contrasted with white woodwork and white crown molding. She completed the design by adorning the room with splashes of fuchsia, orange and purple.

Make a Greige Room Stand Out If you’re still committed to greige, find other ways to make your rooms stand out. Essentially, greige walls should act as a backdrop for the other design elements of the room. Frazier says in this case, “the house is greige, but what you see is everything around it, pulling the design together.” To accomplish this, she advises incorporating color in the artwork, décor, wallpaper and other accents.

When working with color, it’s important to ask yourself, “What’s our neutral base? What’s the first color we’d like to add in after that?” Frazier then expands that once you’ve established the neutral base and the non-neutral you’re looking to bring in, it’s time to determine the palette’s remaining complementary colors. Colors that are opposites on the color wheel are very strong together, whereas neighboring colors quietly balance each other out. For example, a striking match with blue is rust, because of rust’s orange tones, whereas blue with violet or green will create a calmer mood. Ultimately, the direction you’ll go with your design will depend on preference. Greige is understandably a popular color choice, however, the momentum is waning. Love greige? Go for it, but play with color and texture to make the room pop. Looking for something refreshing? Consider a “new beige” or classic colors. Whatever the pick, make sure it feels right for you.

Article and images used with permission from Luxury Portfolio International®


Incline Village Market at-a-glance 2ndQuarter Quarter 2021 2021 vs. vs. 2nd 2nd 2nd Quarter Quarter2020 2020 Incline Village/Crystal Bay - Single Family Homes Units Sold

2021

2020

(Luxury $1,000,000+) UNITS SOLD

51

75.9%

29

FROM LAST YEAR

Median Price MEDIAN PRICE

$2,175,000

20.8%

$1,800,000

FROM LAST YEAR

Average Sold Price/SQft. SOLD PRICE/SQFT

$845

22.8%

$688 Percent of List Price Received

FROM LAST YEAR

100﹪

100.3% 94.8%

*Source: Incline Village REALTORS® (IVR) residential volume for transactions over $1 million in Incline Village & Crystal Bay areas, January 1 - June 30, 2021

% OF LIST RECEIVED

5.8%

FROM LAST YEAR


Incline Village Market at-a-glance 2nd Quarter2021 2021vs. vs.2nd 2ndQuarter Quarter2020 2020 2nd Quarter Incline Village/Crystal Bay - Condos Units Sold

2021

2020

(Luxury $1,000,000+) UNITS SOLD

18

500%

3

FROM LAST YEAR

Median Price MEDIAN PRICE

$1,431,000

-11.3%

$1,612,500

FROM LAST YEAR

Average Sold Price/SQft. SOLD PRICE/SQFT

$738

-16.3%

$882 Percent of List Price Received

FROM LAST YEAR

100﹪

101.5% 96.3%

*Source: Incline Village REALTORS® (IVR) residential volume for transactions over $1 million in Incline Village & Crystal Bay areas, January 1 - June 30, 2021

% OF LIST RECEIVED

5.4%

FROM LAST YEAR


Available 5630 Alpinista Circle Reno, NV 89511 $2,795,000 Joseph Wieczorek 775-335-5962 MLS# 210010198


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

PE

G

G

N

N

DI

DI

N

N

PE

$11,700,000 1030 Skyland

210008137

Debra Massie, 916-768-3030

$6,200,000 17 Beach Club

210003394

Debra Massie, 916-768-3030

PE N DI N G

$4,295,000

5875 Lausanne Drive

210002208

Sullivan, Neal & Gore, 775-849-9444

$4,000,000

6038 Breithorn Circle

210007985

Rob Wonhof, 775-750-2210

PE

PE

N

N

DI

DI

N

N

40 Lonepine Court

210008340

Rebecca Dickson, 775-742-2120

G

G

$2,885,000

$2,850,000

305 Timberlake Court

210008417

Troy Browning, 775-232-4509

C

N

e ov

PE

r

DI

H

N

om

G

e

$2,550,000

20845 Parc Foret Court

210002412

Sullivan, Neal & Gore, 775-849-9444

$2,370,000

2550 Old Waverly Court

210009497

Lori Welsh, 775-771-6574


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

PE N DI N G

$2,298,000

2460 Mountain Spirit Trail

210006527

Lori Welsh, 775-771-6574

$2,260,000

200015329

20780 Parc Foret

Sullivan, Neal & Gore, 775-849-9444

PE

G

G

N

N

DI

DI

N

N

PE

$2,225,000

6736 Rabbit Brush Court

210008143

Joseph Wieczorek, 775-335-5962

$2,175,000 4415 Starwood

210008709

J. Cassinelli, 742-2846 & A. Gunter, 525-1528

PE

G

G

N

N

DI

DI

N

N

PE

$2,170,000

20820 Parc Foret Court

200016213

Sullivan, Neal & Gore, 775-849-9444

$2,150,000

20800 Parc Foret

PE

G

G

N

N

DI

DI

N

N

PE

$2,130,000

20825 Parc Foret Court

200015391

Sullivan, Neal & Gore, 775-849-9444

210002413

Sullivan, Neal & Gore, 775-849-9444

$2,000,000

6584 Champetre Court

210006039

Sullivan, Neal & Gore, 775-849-9444


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

PE N DI N G

$1,995,000

305 Blue Spruce Road

210005436

Darlene Sharpe, 775-338-4102

$1,895,000

4145 Bunker Point Court

210010114

John Arnold, 775-742-1156

PE N DI N G

$1,890,000

2605 W Lakeridge Shores

210006318

Chris Hieke, 775-287-7169

$1,886,000

20805 Parc Foret Court

PE

G

G

N

N

DI

DI

N

N

PE

$1,885,000

20745 Parc Foret Court

200014498

Sullivan, Neal & Gore, 775-849-9444

200014496

Sullivan, Neal & Gore, 775-849-9444

$1,875,000

7225 Masters Drive

210006323

Sullivan, Neal & Gore, 775-849-9444

PE N DI N G

$1,850,000

4215 Palomino Circle

210008142

Joseph Wieczorek, 775-335-5962

$1,850,000

2485 Mountain Spirit Court

210009869

Rory Hickok, 775-742-7255


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

PE N DI N G

$1,800,000

4690 Canyon Drive

210005574

Joe Leonis, 775-233-4946

$1,795,000

20765 Parc Foret Court

200014495

Sullivan, Neal & Gore, 775-849-9444

PE

G

G

N

N

DI

DI

N

N

PE

$1,795,000

210005398

$1,775,000

210010153

$1,765,000

2913 Miramis Court J. Wieczorek, 335-5962 & G. MacDonald 848-6687

4336 Beaujolais

200012274

Sullivan, Neal & Gore, 775-849-9444

PE N DI N G

$1,774,999

1895 Champion Hills

Maruf Akhter, 775-412-2000

20520 Margaux

PE

G

G

N

N

DI

DI

N

N

PE

$1,675,000 4312 Beaujolais

200013322

Sullivan, Neal & Gore, 775-849-9444

200013894

Sullivan, Neal & Gore, 775-849-9444

$1,665,000

5036 Bordeaux Court

180016453

Sullivan, Neal & Gore, 775-849-9444


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

PE

G

G

N

N

DI

DI

N

N

PE

$1,650,000

4300 Beaujolais Street

200012936

Sullivan, Neal & Gore, 775-849-9444

$1,649,000 5090 Bella Court

210007454

T. King, 250-1306 & M. Wonhof, 750-5098

PE N DI N G

$1,599,000

8115 Twin Eagles Court

210003469

David Hughes, 775-771-1783

$1,589,000

3511 Cheechako Circle

210010028

Marilyn Minor, 775-742-1280

PE

G

G

N

N

DI

DI

N

N

PE

$1,580,000

20600 Chanson Way

200004494

Sullivan, Neal & Gore, 775-849-9444

$1,560,000

20785 Parc Foret Court

PE

G

G

N

N

DI

DI

N

N

PE

$1,500,000

6435 Dubrou Court

200014499

Sullivan, Neal & Gore, 775-849-9444

210009442

Sullivan, Neal & Gore, 775-849-9444

$1,495,000

210006844

2565 Painted River Trail C. Barrett, 848-5587 & P. Fletcher, 240-7970


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

PE N DI N G

$1,460,000

4324 Beaujolais Street

200011416

Sullivan, Neal & Gore, 775-849-9444

$1,450,000

1240 Antelope Valley Road

210007409

Tess Best, 775-400-0343

PE

G

G

N

N

DI

DI

N

N

PE

$1,450,000

250 Black Pine Drive

210008969

Carol Bond, 775-690-1870

$1,400,905

905 Peace Pipe Loop

PE

G

G

N

N

DI

DI

N

N

PE

$1,300,000

11660 Eagle Peak Drive

$1,279,995

210009543

Tess Best, 775-400-0343

210008545

$1,295,000

210007198

$1,250,000

Savannah Beauchemin, 775-291-2202

280 Mystic Mountain Drive Felisa Cusimano-Martin, 775-250-8033

14542 Grey Rock Court

6102 S Pleasant Oak Trail

210005222

C. Alder, 745-5708 & D. Amos, 762-1732

210009958

Troy Browning, 775-232-4509


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

PE

G

G

N

N

DI

DI

N

N

PE

$1,245,000

4410 Juniper Trail

$1,200,000

1027 Spencer Street

210006620

$1,200,000

210005705

$1,200,000

Carol Bond, 775-690-1870

G. Borst, 230-5376 & A. Johnson, 409-5611

1845 Dove Mountain

242 Courtney Lane

210009853

David Hughes, 775-771-1783

200017016

Jonathan Wornardt, 775-771-8800

PE

G

G

N

N

DI

DI

N

N

PE

$1,150,000

55 Desert Willow Way

210007614

Chris Johnson, 775-247-8772

$1,100,000

895 Peacepipe Loop

PE

G

G

N

N

DI

DI

N

N

PE

$1,075,000 2000 Dant

210007768

K. Leggett, 287-8620 & D. Sharpe 338-4102

210006583

Lisa Harrison, 775-530-0214

$959,000

50 Chinchilla Lane

210008791

Troy Browning, 775-232-4509


Trends for 2021 — Five Pillars

Freedom of Movement How interested are you in having a passport from another country? Global Affluent

Luxury Buyers

11%

13% 9%

30%

13%

Luxury Buyers Likely to Buy International Property

g

23%

NOT AT ALL INTERESTED

g CURIOUS TO LEARN MORE g INTERESTED IN DOING g

THIS IS A TOP INTEREST FOR ME

g

HAVE ALREADY DONE THIS

2%

18%

24%

22% 23%

22%

26%

33%

32%

For Luxury Buyers likely to move internationally, non-financial factors are a higher priority when choosing to move abroad, top among them: education, COVID-19 response, culture/history, pathway to dual citizenship, better healthcare, and lower rates of crime. Financial incentives are certainly part of the desire to move internationally, but are lower priority (e.g., business-friendly environment, favorable taxes, and a strong economy).

Implications: The implication is that lifestyle will not be sacrificed for the move. For many this means building a strong social network in a new country. The most desirable features are ones that facilitate socializing and networking for the entire family. High scores on the Freedom of Movement index relate to interest in the following nexthome features and amenities.

Neighborhood

Residence

Co-working spaces

Resort community

Golf course

New development

Bikeable

Medical facilities

Airport

Gated community

Schools

©2021 Luxury Portfolio International.® All rights reserved. Unauthorized use of this members-only document is prohibited

Sailing/yachting club

Concierge or valet services

Game room

On-property guest house

STATE OF LUXURY REAL ESTATE 2021 | 25


Trends for 2021 — Five Pillars

Self-Reliance Luxury Buyers stand out on the Self-Reliance index compared to the total affluent population. In fact, as wealth and next-home value rise so too does the index score. At the Ultra-Luxury price point (USD $10 million or more) the index rises to 73 signaling this trend as being very important for high-wealth buyers. As with financial security, personal security is a major issue in the pandemic era, as the gap between the haves and the have nots widens. A counterbalance to the widening gap, improving home security gives the Luxury Buyer a sense of control and comfort in otherwise unsteady times.

Global Affluent in Total How interested are you in… g

NOT AT ALL INTERESTED

g CURIOUS TO LEARN MORE g INTERESTED IN DOING THIS g

THIS IS A TOP INTEREST FOR ME

g

HAVE ALREADY DONE THIS

Improving Home Security

INDEX

SELF-RELIANCE

57 65 GLOBAL AFFLUENT

LUXURY BUYERS

14%

10% 21%

21% 33%

AGREE:

MY NEED FOR PERSONAL SECURITY IS INCREASING (TOP 2 BOX)

58% 79% GLOBAL AFFLUENT

Residence Rooms for live-in help

Shopping centers nearby

10% 7%

LUXURY BUYERS

Beyond the attitude of feeling more at risk, the Luxury Buyer is also more likely to have taken a greater interest in improving home security and controlling their physical environment. This is clearest with those responding “top interest” to these items, with Luxury Buyers at 32% for both compared to the Global Affluent at 21% and 25%, respectively. Luxury Buyers are somewhat more likely to have already taken these steps, however the difference is minimal (16% and 13% have already done this, respectively). This means there remains a great deal of interest in the subject, yet action has not yet taken place. Neighborhood

Having Control Over Your Physical Environment

Great internet connection

18%

25% 41%

Implications: High scores on the Self-Reliance index relate to interest in the next-home features and amenities to the left.

Game room

26 | LUXURY PORTFOLIO INTERNATIONAL ®

©2021 Luxury Portfolio International.® All rights reserved. Unauthorized use of this members-only document is prohibited


Trends for 2021 — Five Pillars

Embracing Spontaneity Embracing Spontaneity is borne out of the global lockdowns and subsequent need to work, learn, live, and play at home. At its essence, the need for spontaneity is in response to the home having to take on new responsibilities in normal living. Consumers emphasize the importance of delightful surprise and having fun at home — that is to say, breaking out of the rut. From a lifestyle perspective, it is associated with passions for physical activity (playing sports, being outdoors), being well entertained (video games, streaming media), entertaining others at home, and aesthetics with art and luxury-living with both brands and experiences.

INDEX

EMBRACING SPONTANEITY

50 51 GLOBAL AFFLUENT

% AGREE:

I DO NOT LIKE SURPRISES (TOP 2 BOX)

LUXURY BUYERS

37% 41% GLOBAL AFFLUENT

LUXURY BUYERS

Implications: High scores on the Embracing Spontaneity index relate to interest in the following nexthome features and amenities. Developers take note that consumers crave the best of both worlds: bucolic settings with modern convenience nearby. Clearly at-home entertainment is among the top interests for this consumer as well as new construction in modern neighborhoods. Neighborhood Suburban/town Nature setting Newly developed Residence Game room Home theatre Security system

% AGREE:

I WANT MORE FUN THINGS TO DO AT HOME

71% 84% GLOBAL AFFLUENT

©2021 Luxury Portfolio International.® All rights reserved. Unauthorized use of this members-only document is prohibited

LUXURY BUYERS

Bathtub, hot tub or spa Single family home New construction

STATE OF LUXURY REAL ESTATE 2021 | 27


Trends for 2021 — Five Pillars

Financial Confidence Financial strategy plays a central role in many affluent households, with nearly all seeking ways to reduce their tax burdens. For some this is careful planning with a professional; for others it is about shifting their base of operation to more tax-friendly nations (see the trend Freedom of Movement). The Luxury Buyer is different from the average Global Affluent consumer in their interest in retiring early from work. Sixty-four percent express more than simply curious to learn more, while 30% say it is a top interest and just 11% are not interested in it at all. Global Affluent in Total | How interested are you in… Reducing Tax Burden

11% 4%

Retiring Early From Work

13%

16%

33% 36%

17% 27%

Neighborhood Short commute to work/office building

17%

26%

Implications: The Financial Confidence index is a predictor of overall consumption but the home falls outside that definition. High scores on the Financial Confidence index relates making more additional purchases for the home, as well as interest in the following features and amenities.

Gated community Shared amenities for the neighborhood (e.g., pool, clubhouse, playgrounds) New development

g

NOT AT ALL INTERESTED

g CURIOUS TO LEARN MORE g INTERESTED IN DOING THIS g

THIS IS A TOP INTEREST FOR ME

g

HAVE ALREADY DONE THIS

Residence Quiet spaces for each family member On-property guest house Self-sufficient (can stay at home for longer periods of time)

©2021 Luxury Portfolio International.® All rights reserved. Unauthorized use of this members-only document is prohibited

STATE OF LUXURY REAL ESTATE 2021 | 29


Significant Dickson Realty Sales in 2021

SOLD $6,350,000

Montrêux

SOLD $3,850,000

Montrêux

SOLD $3,500,000

Montrêux

SOLD $3,185,000

ArrowCreek

Seller & Buyer Representation Sullivan, Neal & Gore, 775-849-9444

Seller Representation Rob Wonhof, 775-750-2210, Sullivan & Neal & Gore, 775-849-9444

Seller Representation Sullivan, Neal & Gore, 775-849-9444

Seller Representation Joseph Wieczorek, 775-335-5962

SOLD $5,250,000

Montrêux

Seller & Buyer Representation Rob Wonhof, 775-750-2210, Sullivan & Neal & Gore, 775-849-9444

SOLD $3,550,000

Pleasant Valley

SOLD $3,233,300

Galena Canyon

Seller Representation Rebecca Dickson, 775-742-2120 Buyer Representation Carol Bond, 775-690,1870

Seller Representation Teri Shields, 775-771-4694

SOLD $3,000,000

Seller Representation Sullivan, Neal & Gore, 775-849-9444

Montrêux


Significant Dickson Realty Sales in 2021

SOLD $2,982,061

Montrêux

SOLD $2,750,000

Rancharrah

SOLD $2,500,000

Montrêux

SOLD $2,325,611

Montrêux

Seller Representation Sullivan, Neal & Gore, 775-849-9444

Seller Representation Kellen Flanigan, 310-710-4016 Buyer Representation Shelby Manley, 775-300-9137

Seller & Buyer Representation Sullivan, Neal & Gore, 775-849-9444

Seller & Buyer Representation Sullivan, Neal & Gore, 775-849-9444

SOLD $2,800,000

Montrêux

SOLD $2,600,000

Montrêux

SOLD $2,336,113

Montrêux

SOLD $2,300,000

Old South Suburban

Seller Representation Rob Wonhof, 775-750-2210

Seller Representation Kellen Flanigan, 310-710-4016

Seller & Buyer Representation Sullivan, Neal & Gore, 775-849-9444

Seller & Buyer Representation M.C. Pierson, 775-742-9442


Significant Dickson Realty Sales in 2021

SOLD $2,300,000

West Southwest Reno

Seller Representation Jay Kenny, 775-848-6549 Buyer Representation Joseph Wieczorek, 775-335-5962

SOLD $2,075,000

South Suburban

SOLD $2,000,000

ArrowCreek

SOLD $2,000,000

Caughlin Ranch

Seller Representation Carol Bond, 775-690-1870 Buyer Representation Chris Whitney, 775-772-2253

Seller & Buyer Representation Joseph Wieczorek, 775-335-5962

Seller Representation Joseph Wieczorek, 775-335-5962

SOLD $2,100,000

Seller & Buyer Representation Sullivan, Neal & Gore, 775-849-9444

SOLD $2,000,000

Montrêux

Old South Suburban

Seller Representation Rebecca Dickson, 775-742-2120 Buyer Representation Joseph Wieczorek, 775-335-5962

SOLD $2,000,000

Montrêux

SOLD $2,000,000

Washoe Valley

Seller & Buyer Representation Sullivan, Neal & Gore, 775-849-9444

Seller Representation David Hughes, 775-771-1783 & Sarah Hughes, 775-741-4011


Significant Dickson Realty Sales in 2021

SOLD $2,000,000

Verdi

Seller Representation Amanda Gunter, 775-525-1528

SOLD $1,950,000

ArrowCreek

Seller Representation David Hughes, 775-771-1783 & Sarah Hughes, 775-741-4011

SOLD $1,925,000

Seller Representation Rebecca Dickson, 775-742-2120

SOLD $1,865,000

Seller Representation Marilyn Minor, 775-742-1280

Juniper Trails

Saddlehorn

SOLD $1,965,000

Caughlin Ranch

SOLD $1,950,000

Southwest Reno

SOLD $1,901,000

Montrêux

SOLD $1,850,000

Juniper Trails

Seller Representation Rebecca Dickson, 775-742-2120 Buyer Representation Diana Renfroe, 775-843-0777

Seller Representation Rebecca Dickson, 775-742-2120 Buyer Representation Joseph Wieczorek, 775-335-5962

Seller Representation Sullivan, Neal & Gore, 775-849-9444

Seller Representation Marilyn Minor, 775-742-1280


Significant Dickson Realty Sales in 2021

SOLD $1,800,000

Seller & Buyer Representation Sullivan, Neal & Gore, 775-849-9444

Montrêux

SOLD $1,795,000

Old South Suburban

SOLD $1,751,750

Montrêux

Seller Representation Cathy Hamel, 775-224-1957 Buyer Representation Claudia Byrne, 775-351-6004

Seller & Buyer Representation John Arnold, 775-742-1156

SOLD $1,732,000

ArrowCreek

Seller Representation Sullivan, Neal & Gore, 775-849-9444 Buyer Representation Diana Renfroe, 775-843-0777

SOLD $1,800,000

West Southwest Reno

Seller Representation Carol Bond, 775-690-1870 Buyer Representation Jay Kenny, 775-848-6549

SOLD $1,775,000

South Suburban

SOLD $1,740,000

West Southwest Reno

SOLD $1,725,000

ArrowCreek

Seller Representation Joseph Wieczorek, 775-335-5962

Seller Representation Carol Bond, 775-690-1870

Seller Representation Colleen Barrett, 775-848-5587


Significant Dickson Realty Sales in 2021

SOLD $1,700,000

Old Southwest

Seller Representation Cindy Perez, 775-544-0506 Buyer Representation Nancy Risley, 775-843-5938

SOLD $1,675,000

Seller Representation Joseph Wieczorek, 775-335-5962

SOLD $1,575,000

Seller Representation M.C. Pierson, 775-742-9442

SOLD $1,550,000

ArrowCreek

Southwest Reno

Seller Representation Diana Renfroe, 775-843-0777 Buyer Representation Rory Hickok, 775-742-7255

Somersett

SOLD $1,700,000

ArrowCreek

SOLD $1,635,000

ArrowCreek

SOLD $1,575,000

Old South Suburban

SOLD $1,450,000

Somersett

Seller Representation Colleen Barrett, 775-848-5587 Buyer Representation Patrick Fletcher, 775-240-7970

Seller Representation Jay Kenny, 775-848-6549

Seller Representation Carol Bond, 775-690-1870

Seller & Buyer Representation Jeff Sallan, 775-750-4175


Significant Dickson Realty Sales in 2021

SOLD $1,450,000

Southwest Suburban

SOLD $1,450,000

Seller Representation Lisa Moffitt, 775-530-5092 & Kathy Leggett, 775-287-8620

SOLD $1,425,000

S outhwest Reno

Seller Representation Beth Cooney, 775-544-6026 Buyer Representation Kaitie Fountain, 775-291-3963

SOLD $1,375,000

Seller Representation M.C. Pierson, 775-742-9442

SOLD $1,350,000

Seller Representation Carol Bond, 775-690-1870

Old South Suburban

Verdi

Seller Representation Annette Mansfield, 775-771-8093 & Felisa Cusimano-Martin, 775-250-8033

Southwest Reno

SOLD $1,400,000

Somersett

SOLD $1,364,442

Caughlin Ranch

SOLD $1,350,000

Montrêux

Seller Representation David Hughes, 775-771-1783

Seller Representation Larissa Osborn, 775-848-6579

Seller Representation Sullivan, Neal & Gore, 775-849-9444 Buyer Representation The Hertz Team, 775-223-7555


Significant Dickson Realty Sales in 2021

SOLD $1,350,000

South Suburban

Seller Representation Marilyn Minor, 775-742-1280 & Colleen Capurro, 775-813-2433

SOLD $1,300,000

Southwest Suburban

Seller Representation Kathy Leggett, 775-287-8620 & Lisa Moffitt, 775-530-5092

SOLD $1,250,000

Seller Representation Donna Fuller, 775-815-7250

SOLD $1,195,000

Seller Representation Jay Kenny, 775-848-6549

West Southwest Reno

Callahan Ranch

SOLD $1,305,000

South Suburban

SOLD $1,255,000

Southwest Reno

SOLD $1,201,266

Wingfield Springs

SOLD $1,195,000

Southwest Reno

Seller Representation Ana Nadimi, 775-622-7078

Seller Representation The Keenan Group, 775-846-9726

Seller Representation Wayne Marken, 775-722-7763

Seller Representation Trudy Brussard, 775-772-3014 & Janice Peck, 775-846-2100


Significant Dickson Realty Sales in 2021

SOLD $1,175,000

Caughlin Ranch

SOLD $1,150,000

S outh Suburban

Seller Representation Wendy McPhail, 775-338-4463 & Diana Renfroe Buyer Representation Michael Gay, 775-741-3303

Seller Representation Kaitie Fountain, 775-291-3963

SOLD $1,100,000

Seller Representation Jay Kenny, 775-848-6549

SOLD $1,090,000

Seller Representation Sheila Campbell, 775-691-1707

ArrowCreek

Caughlin Ranch

SOLD $1,175,000

ArrowCreek

SOLD $1,125,000

Rancharrah

SOLD $1,100,000

Spanish Springs

SOLD $1,075,000

ArrowCreek

Seller Representation Kathy Leggett, 775-287-8620

Seller Representation Margie Wonhof, 775-750-5098 & Tori King Buyer Representation Cathy Lancaster, 775-830-6565

Seller Representation Amy Phillips, 775-232-6266

Seller Representation Chris Johnson, 775-247-8772


Significant Dickson Realty Sales in 2021

SOLD $1,074,806

Seller Representation Larissa Osborn, 775-848-6579

Caughlin Ranch

SOLD $1,059,000

SOLD $1,040,800

Old Southwest

SOLD $1,025,000

Caughlin Ranch

Seller Representation Jay Kenny, 775-848-6549 Buyer Representation Lucas Coger, 775-544-1678

Seller Representation Jenna White, 775-815-6171

Saddlehorn

Seller Representation J.P. Menante, 775-691-9831 Buyer Representation The Risley Team, 775-843-5938

SOLD $1,060,000

Caughlin Ranch

SOLD $1,050,000

Southwest Reno

SOLD $1,030,000

Somersett

SOLD $1,010,000

Southwest Reno

Seller Representation Sheila Campbell, 775-691-1707 Buyer Representation Beth Nitz, 775-772-5616

Seller Representation Joseph Wieczorek, 775-335-5962 Buyer Representation Devin Scruggs, 775-843-1801

Seller Representation David Hughes, 775-771-1783

Seller Representation Gerry Martin, 775-338-4786 Buyer Representation J.P. Menante, 775-691-9831


Significant Dickson Realty Sales in 2021

I’M LOCAL I’M GLOBAL

®

SOLD $1,010,000

Saddlehorn

Seller Representation Jay Kenny, 775-848-6549

INDUSTRYLEADING SALES. WORLD-CLASS SERVICE.

SOLD $1,000,000

ArrowCreek

Seller Representation Dan Smith, 775-313-3598 & Kendall Smith, 775-379-7766

MORE U.S. HOME SALES VOLUME

THAN ANY OTHER REAL ESTATE NETWORK, FRANCHISE OR BROKERAGE BRAND. $296 BILLION IN U.S. HOME SALES VOLUME. As an affiliate of Leading Real Estate Companies of the World,® Dickson Realty is a local and global market leader working on your behalf. LeadingRE’s world-class marketing resources and connections allow us to provide you with a truly exceptional real estate experience. ®

$296 Leading Real Estate Companies of the World

1.3 MILLION

$260

GLOBAL TRANSACTIONS

$207

550

$152

Leading Real Estate Companies of the World®

COMPANIES $110

4,600

Keller Williams

OFFICES

$97

150,000

$96

Compass

$72

Berkshire Hathaway HomeServices

SALES ASSOCIATES

70

Coldwell Banker

Sotheby’s International Realty

$37

COUNTRIES

RE/MAX eXp Realty

$29

Redfin

$29

Century 21 Douglas Elliman

$23

Homesmart

$20

Corcoran Better Homes and Gardens

$11

ERA $11 $0 © 2021 Leading Real Estate Companies of the World.® All Rights Reserved. C–Sales Volume. 05.21

Equal Housing Opportunity.

$50

$100

$150

$200

Volume shown in billions of dollars. This bar chart is sourced from REAL Trends 500 for 2020, realtrends.com.

$250

$300


WHETHER YOU ARE MINUTES OR MILES AWAY, MONTRÊUX IS A WORLD APART. Montrêux Golf & Country Club, a private golf course community located between Reno and Lake Tahoe. This gated community of luxury custom homes surrounds the 18-hole, Jack Nicklaus Signature Championship Course (Par 72), a world-class Clubhouse, walking trails, tennis, pool, Fitness Center and much more. Dickson Realty agents have helped more buyers and sellers in Montrêux than any other real estate company.

PHOTO COURTESY MONTRÊUX GOLF & COUNTRY CLUB


CAUGHLIN RANCH 775.746.7000

DAMONTE RANCH 775.850.7000 TRUCKEE 530.587.7444

SOMERSETT 775.746.7222 NORTHSTAR 530.562.1140

MONTRÊUX 775.849.9444

SPARKS 775.685.8800

DOWNTOWN 775.324.7000

PORTOLA 530.832.1700

DicksonLuxury.com | luxury@dicksonrealty.com

© 2021 Dickson Realty. NV Lic #B.0019733. 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.


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