Luxury Trends 2014 Market Report from the Market Leader
Year-End 2014 DicksonLuxury.com
Welcome
TO OUR 2014, LUXURY MARKET REPORT. Welcome to our 2014, year end Luxury Market Report highlighting the news and trends of luxury home sales in our region. This past year proved the steady return of the housing market in Northern Nevada with significant positive trends in home sales. Our year end analysis brings good news with increases not only in numbers of sales but also in average sales price and price per square foot. As we look forward to 2015, our luxury specialists forecast continued steady and consistent growth in sales over one million dollars. The top end of the market may still experience price corrections as the inventory is building and market times are extended; however, as Northern Nevada continues to see the positive effects of new companies moving to our region sales will be steady. It is likely interest rates will bump up. While an interest rate hike impacts sales below 1.5 million the majority of sales over 1.5 million are cash. We hope you find the information useful in planning your next real estate sale or purchase. Our team of Dickson Realty Luxury Specialists look forward to serving you in 2015!
—CEO Dickson Realty
2014 vs. 2013 Luxury Home Averages over $1 million
+10
+12%
+11%
-7%
TOTAL UNITS SOLD
AVERAGE SOLD PRICE
AVERAGE PRICE PER SF
AVERAGE DAYS ON MARKET
2014: 77 2013: 67
2014: $1,543,310 2013: $1,373,600
2014: $292 2013: $262
2014: 223 2013: 241
Top 5 Luxury Real Estate Companies 2014 Market Share for Reno/Sparks Homes Sold Over $1 Million*
DICKSON REALTY
45.41%
RE/MAX Affiliates 9.83% Chase International 8.82% Coldwell Banker 5.90% Pavich & Associates 4.06%
Active Listings Over $1 Million $1,500,000– $1,999,999
$1,000,000– $1,499,999
43%
Sold Listings Over $1 Million $1,500,000– $1,999,999
$2,000,000– $2,499,999
16%
6% $2,500,000 and higher
22%
6%
$2,000,000– $2,499,999
12%
$2,500,000 and higher
$1,000,000– $1,499,999
23%
71%
$1,000,000– 56 Active Listings $1,499,999 $1,270,220 Average Price
$1,000,000– 55 Sold Listings $1,499,999 $1,200,093 Average Price
$1,500,000– 28 Active Listings $1,999,999 $1,784,691 Average Price
$1,500,000– 12 Sold Listings $1,999,999 $1,675,395 Average Price
$2,000,000– 15 Active Listings $2,499,999 $2,302,733 Average Price
$2,000,000– 5 Sold Listings $2,499,999 $2,185,000 Average Price
286 Average Days On Market
257 Average Days On Market
246 Average Days On Market
$2,500,000 30 Active Listings and higher $4,677,652 Average Price
358 Average Days On Market
206 Average Days On Market
229 Average Days On Market
492 Average Days On Market
$2,500,000 5 Sold Listings and higher $4,360,000 Average Price
154 Average Days On Market
*Source: Northern Nevada Multiple Listing Service (NNRMLS) transaction volume for all transactions over $1 million for all Reno/Sparks areas (Area 100), January 1-December 31, 2014, as of January 5, 2015.
Significant Dickson Sales in 2014
SOLD $4,600,000
Seller & Buyer Representation by Dickson Realty
SOLD $2,300,000
Seller Representation by Dickson Realty
SOLD $2,000,000
Montrêux
Montrêux
Seller & Buyer Representation by Dickson Realty
Arrowcreek
SOLD $1,800,000
Eaglesnest
Seller & Buyer Representation by Dickson Realty Caughlin Ranch
SOLD $3,200,000
Seller Representation by Dickson Realty
SOLD $2,100,000
Seller Representation by Dickson Realty
SOLD $1,950,000
Seller Representation by Dickson Realty
SOLD $1,700,000
Seller & Buyer Representation by Dickson Realty
Montrêux
South Suburban
Pecetti Ranch
Montrêux
Current Dickson Luxury Listings Click on the MLS number to view each listing online.
$4,500,000
MLS# 140015612
$3,995,000
MLS# 140015831
$3,199,000
MLS# 140014759
$2,999,000
MLS# 130013061
$2,887,749
MLS# 140010487
$2,765,000
MLS# 140003232
$2,750,000
MLS# 140003618
$2,750,000
MLS# 130007672
$2,599,000
MLS# 140014182
$2,595,000
MLS# 140010060
$2,550,000
MLS# 140000142
$2,500,000
MLS# 140009527
RENO
RENO
RENO
RENO
GENOA
RENO
RENO
RENO
RENO
RENO
RENO
RENO
Current Dickson Luxury Listings Click on the MLS number to view each listing online.
$2,488,000
MLS# 140010291
$2,450,000
MLS# 140008664
$2,390,000
MLS# 140010943
$2,300,000
MLS# 140015543
$2,250,000
MLS# 120007781
$2,200,000
MLS# 130010841
$2,199,000
MLS# 130008530
$2,125,000
MLS# 140012423
$1,995,000
MLS# 140011133
$1,985,000
MLS# 140011525
$1,985,000
MLS# 130007872
$1,975,000
MLS# 140012593
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.
$1,950,000
MLS# 140009289
$1,888,000
MLS# 140007346
$1,875,000
MLS# 140012641
$1,850,000
MLS# 140011041
$1,695,000
MLS# 140015805
$1,695,000
MLS# 110015329
$1,669,700
MLS# 140002121
$1,595,000
MLS# 140007276
$1,575,000
MLS# 140004175
$1,490,000
MLS# 140012012
$1,475,000
MLS# 140007154
$1,425,000
MLS# 140013532
RENO
RENO
RENO
INCLINE VILLAGE
VERDI
RENO
VERDI
RENO
RENO
RENO
RENO
RENO
Current Dickson Luxury Listings Click on the MLS number to view each listing online.
$1,390,000
MLS# 140006958
$1,366,000
MLS# 140009167
$1,360,000
MLS# 130011057
$1,250,000
MLS# 110001287
$1,225,000
MLS# 140012514
$1,199,000
MLS# 140007235
$1,175,000
MLS# 130013962
$1,150,000
MLS# 130002684
$1,125,000
MLS# 120001304
RENO
RENO
RENO
$1,099,000
MLS# 140008350 RENO
RENO
RENO
RENO
$1,095,000
MLS# 140014399 RENO
$1,075,000
MLS# 140008335 RENO
RENO
RENO
RENO
$1,072,000
MLS# 140007918 RENO
CAUGHLIN RANCH 775.746.7000
DAMONTE RANCH 775.850.7000
SOMERSETT 775.746.7222
MONTRÊUX 775.849.9444
SPARKS 775.685.8800
NEW OFFICE! DOWNTOWN RENO 775.324.7000
DicksonLuxury.com | luxury@dicksonrealty.com
© 2014 Dickson Realty. All rights reserved. Although the information above is deemed reliable, Dickson Realty does not guarantee its accuracy.
TRUCKEE 530.587.7444