Dickson Realty Luxury Trends - 2014 Year End

Page 1

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


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.