MARKET TRENDS
1st Quarter Market Report from the Market Leader
Reno/Sparks Regional Price Map
1st Quarter 2023, as of March 31, 2023
Data Source: Northern NV Regional MLS (NNRMLS)
NEW SOUTHWEST
SPANISH SPRINGS SINGLE FAMILY Median Sales $ $550,000 Year to year change -11.3% Average Price/SF $275.41 Median Sales $ $360,000 Year to year change -20% Average Price/SF $301.26 CONDO NORTH VALLEYS SINGLE FAMILY Median Sales $ $415,000 Year to year change -8.2% Average Price/SF $261.77 Median Sales $ $382,495 Year to year change +14.5% Average Price/SF $238.41 CONDO NORTH URBAN SINGLE FAMILY Median Sales $ $443,500 Year to year change -7.6% Average Price/SF $289.20 Median Sales $ $241,000 Year to year change -13.9% Average Price/SF $292.09 CONDO SPARKS SINGLE FAMILY Median Sales $ $445,500 Year to year change -7.2% Average Price/SF $279.50 Median Sales $ $289,000 Year to year change -2% Average Price/SF $232.59 CONDO NEW NORTHWEST SINGLE FAMILY Median Sales $ $570,000 Year to year change -6.6% Average Price/SF $313.90 Median Sales $ $350,000 Year to year change -0.7% Average Price/SF $295.58 CONDO OLD SOUTHWEST SINGLE FAMILY Median Sales $ $675,000 Year to year change -11.8% Average Price/SF $336.77 Median Sales $ $380,000 Year to year change -3.8% Average Price/SF $302.59 CONDO OLD SOUTHEAST SINGLE FAMILY Median Sales $ $455,000 Year to year change -9% Average Price/SF $297.76 Median Sales $ $260,000 Year to year change +2% Average Price/SF $280.79 CONDO
SINGLE FAMILY Median Sales $ $1,232,000 Year to year change -6.8% Average Price/SF $421.90 Median Sales $ $365,000 Year to year change -9.9% Average Price/SF $278.96 CONDO NEW SOUTHEAST SINGLE FAMILY Median Sales $ $660,000 Year to year change -8.3% Average Price/SF $308.34 Median Sales $ $469,499 Year to year change -4.2% Average Price/SF $288.93 CONDO
Reno/Sparks Market Overview
Months of Inventory
Months of Inventory
Months of Inventory
Percentage of Sales
Percentage of Sales
Percentage of Sales
Percentage of Sales
Our outlook is positive after seeing the numbers come in for the first few months of 2023. Though there has been some instability in financial markets and we find ourselves in a higher interest rate environment than previous years, demand for real estate is still strong in our region, historically speaking. The amount of homes that are available on the market and the rate at which they are selling is how we determine demand. Let’s take a look at some of these numbers through March of this year.
As of March 31st, 2023, there were 547 homes available for purchase in the Reno/Sparks real estate market. That is an increase of about 77% from the 310 homes available in March of 2022; though, it is important to remember that we were still in a severe housing inventory crisis at the beginning of 2022. Not that long ago, in March of 2019, we had 851 homes available for purchase. An increase in inventory is realistic and is welcomed by home buyers and real estate professionals. Buyers now have more choices and additional time to make informed decisions before submitting offers. This ultimately benefits sellers too.
Months of Inventory is the amount of time it would take to sell all existing homes for sale if no additional homes entered the market. A five to six month supply of homes historically represents a balanced market, where neither buyers nor sellers have an advantage.
For current months supply of inventory based on price ranges, we have:
0.7 months (20.5 days) of inventory in the $0 to $400,000 price range
0.8 months (25.4 days) of inventory from $400,000 to $700,000
1.7 months of inventory from $700,000 to $1,000,000
2.9 months of inventory from $1,000,000 to $1,500,000
4.2 months of inventory for homes priced over $1,500,000
Our region had 916 home sales through March 31st, 2023. That is 28.6% less than the 1,283 sales we had through March in 2022. The decrease in sales can best be attributed to higher mortgage rates and the extraordinary weather we have had these first three months of 2023.
Source: NNRMLS Residential listings/sales, area 100
Breaking down the home sales by price range through March, we see that:
72% of sales were under $700,000
17.5% of sales were between 700,000 and $1,000,000
10.5% of sales were over $1,000,000
Mortgage rates have been fluctuating, so be sure that you have been pre-qualified by a lender to understand how much house you can afford before you begin your search for a new home. If you are selling, you should work closely with a professional REALTOR to establish a realistic pricing strategy when going to market to sell your home for top dollar and within your timeframe goal. A professional real estate agent with negotiation and market expertise is as important now as it has ever been, whether buying or selling.
0 1 2 3 4 5 4.0 Months 2.9 Months 2.1 Months 25.4 Days 20.5 Days 13% 4% 3.8% 15% 64.2 $400,000 and Below $400,001 $700,000 $700,001 $1,000,000 $1,000,001 $1,500,000 $1,500,001 and Above Properties Sold Available Listings Median Sales Price Average Days on Market 0 260 0 140 0 76000 0 40 239 Source: Northern Nevada Regional Multiple Listing Service (NNRMLS). Copyright 2023 Dickson Realty. All Rights Reserved.
March 2023 Year To Date 2023
0 1 2 3 4 5 4.0 Months 2.9 Months 2.1 Months 25.4 Days 20.5 Days 13% 4% 3.8% 15% 64.2 $400,000 and Below $400,001 $700,000 $700,001 $1,000,000 $1,000,001 $1,500,000 $1,500,001 and Above Properties Sold Available Listings Median Sales Price Average Days on Market 0 260 520 780 0 140 280 420 0 76000 152000 228000 0 40 80 120 1009 851 692 549 547 377 350 337 239 276 388 89 94 98 106 107 100 Source: Northern Nevada Regional Multiple Listing Service (NNRMLS). Copyright 2023 Dickson Realty. All Rights Reserved.
March 2023 Year To Date 2023
Inventory 0 1 2 3 4 5 4.0 Months 2.9 Months 2.1 Months 25.4 Days 20.5 Days 13% 4% 3.8% 15% 64.2 $400,000 and Below $400,001 $700,000 $700,001 $1,000,000 $1,000,001 $1,500,000 $1,500,001 and Above Properties Sold Available Listings Median Sales Price Average Days on Market 0 260 520 780 0 140 280 420 0 76000 152000 228000 0 40 80 120 1009 851 692 549 547 377 350 337 239 276 388 89 94 98 106 107 100 Source: Northern Nevada Regional Multiple Listing Service (NNRMLS). Copyright 2023 Dickson Realty. All Rights Reserved.
Months of
March 2023 Year To Date 2023 Months of Inventory 0 1 2 3 4 5 4.0 Months 2.9 Months 2.1 Months 25.4 Days 20.5 Days 13% 4% 3.8% 15% 64.2 $400,000 and Below $400,001 $700,001 $1,000,000 $1,000,001 $1,500,000 $1,500,001 and Above Properties Sold Available Listings Median Sales Price Average Days on Market 0 260 520 780 0 140 280 420 0 76000 152000 228000 0 40 80 120 1009 851 692 549 547 377 350 337 239 276 388 89 94 98 106 107 100 Source: Northern Nevada Regional Multiple Listing Service (NNRMLS). Copyright 2023 Dickson Realty. All Rights Reserved.
Percentage of Sales
March 2023 Year To Date 2023
0 1 2 3 4 5 4.0 Months 2.9 Months 2.1 Months 25.4 Days 20.5 Days 13% 4% 3.8% 15% 64.2 $400,000 and Below $400,001 $700,001 $1,000,000 $1,000,001 $1,500,000 $1,500,001 and Above Properties Sold Available Listings Median Sales Price Average Days on Market 0 260 520 780 0 140 280 420 0 76000 152000 228000 0 40 80 120 1009 851 692 549 547 377 350 337 239 276 388 89 94 98 106 107 100
Copyright 2023 Dickson Realty.
Rights Reserved.
Source: Northern Nevada Regional Multiple Listing Service (NNRMLS).
All
March 2023 Year To 2023
Dickson Realty is a member of Leading Real Estate Companies of the World,® a global community of real estate companies awarded membership based on rigorous standards for service and performance.
Every fifteen minutes a quality client introduction is made within Leading Real Estate Companies of the World.® As a member of Leading Real Estate Companies of the World,® Dickson Realty combines authentic, local expertise with global connections to the highest quality real estate firms worldwide. We’re Local. We’re Global.
1.2 Million annual global transactions
$586 Billion total annual home sales volume
550 companies
4,700 offices
136,000 sales associates
70+ countries
6 spanning continents
Incline Village Market Snapshot
-66.7%
-76.9%
-33.3%
63.2%
23.8%
-66.7%
-66.7%
706.8%
706.8%
(Data source: Incline Village REALTORS®) Available Homes Units Sold Days on Market Median Price UNITS SOLD 18.6% FROM LAST YEAR UNITS SOLD
FROM LAST YEAR DAYS ON MARKET
FROM LAST YEAR MEDIAN PRICE
FROM LAST YEAR 43 13 54 51 3 36 $1,385,000 $2,428,000 Source: Incline Village REALTORS®. Copyright 2023 Dickson Realty. All Rights Reserved Single Family Homes - March 2023 vs. March 2022 Incline Village/Crystal Bay 2023 2022 Available Condos Units Sold Days on Market Median Price 19 12 30 31 4 238 $1,392,500 $1,125,000 AVAILABLE CONDOS
FROM LAST YEAR UNITS SOLD
FROM LAST YEAR DAYS ON MARKET
FROM LAST YEAR MEDIAN PRICE 23.8% FROM LAST YEAR Condos - March 2023 vs. March 2022 Incline Village/Crystal Bay 2023 2022 Source: Incline Village REALTORS®. Copyright 2023 Dickson Realty. All Rights Reserved Available Homes Units Sold Days on Market Median Price UNITS SOLD 18.6% FROM LAST YEAR UNITS SOLD
FROM LAST YEAR DAYS ON MARKET
FROM LAST YEAR MEDIAN PRICE
FROM LAST YEAR 43 13 54 51 3 36 $1,385,000 $2,428,000 Source: Incline Village REALTORS®. Copyright 2023 Dickson Realty. All Rights Reserved Single Family Homes - March 2023 vs. March 2022 Incline Village/Crystal Bay 2023 2022 Available Condos Units Sold Days on Market Median Price 19 12 30 31 4 238 $1,392,500 $1,125,000 AVAILABLE CONDOS 63.2% FROM LAST YEAR UNITS SOLD
FROM LAST YEAR DAYS ON MARKET
FROM LAST YEAR MEDIAN PRICE
FROM LAST YEAR Condos - March 2023 vs. March 2022 Incline Village/Crystal Bay 2023 2022 Source: Incline Village REALTORS®. Copyright 2023 Dickson Realty. All Rights Reserved Available Homes Units Sold Days on Market Median Price UNITS SOLD 18.6% FROM LAST YEAR UNITS SOLD -76.9% FROM LAST YEAR DAYS ON MARKET -33.3% FROM LAST YEAR MEDIAN PRICE -43% FROM LAST YEAR 43 13 54 51 3 36 $1,385,000 $2,428,000 Source: Incline Village REALTORS®. Copyright 2023 Dickson Realty. All Rights Reserved Single Family Homes - March 2023 vs. March 2022 Incline Village/Crystal Bay 2023 2022 Available Condos Units Sold Days on Market Median Price 19 12 30 31 4 238 $1,392,500 $1,125,000 AVAILABLE CONDOS 63.2% FROM LAST YEAR UNITS SOLD
FROM LAST YEAR DAYS ON MARKET
FROM LAST YEAR MEDIAN PRICE
FROM LAST YEAR Condos - March 2023 vs. March 2022 Incline Village/Crystal Bay 2023 2022 Available Homes Units Sold Days on Market Median Price UNITS SOLD 18.6% FROM LAST YEAR
SOLD
FROM LAST YEAR
MARKET
FROM LAST YEAR MEDIAN PRICE
FROM LAST YEAR 43 13 54 51 3 36 $1,385,000 $2,428,000 Source: Incline Village REALTORS®. Copyright 2023 Dickson Realty. All Rights Reserved Single Family Homes - March 2023 vs. March 2022 Incline Village/Crystal Bay 2023 2022 Available Condos Units Sold Days on Market Median Price 19 12 30 31 4 238 $1,392,500 $1,125,000
YEAR
-76.9%
-33.3%
-43%
63.2%
-76.9%
-33.3%
-43%
706.8%
23.8%
-66.7%
706.8%
23.8%
UNITS
DAYS ON
-43%
AVAILABLE CONDOS
FROM LAST
YEAR
ON MARKET
LAST YEAR
FROM LAST YEAR Condos - March 2023 vs. March 2022 Incline Village/Crystal Bay 2023 2022
UNITS SOLD
FROM LAST
DAYS
FROM
MEDIAN PRICE
Months of Inventory 1 2 3 4 5 4.0 Months 2.9 Months 2.1 Months 25.4 Days 20.5 Days 13% 4% 3.8% 15% 64.2 Properties Sold Available Listings Median Sales Price Average Days on Market 0 260 520 780 1040 1300 0 140 280 420 560 700 0 76000 152000 228000 304000 380000 0 40 80 120 160 200 1236 1009 851 692 549 547 377 350 337 239 276 388 89 94 98 106 107 100 $540,000 $550,000 $519,950 $510,000 $512,500 $527,919 Market Statistics October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 RENO/SPARKS AREAS Percentage of Sales March 2023 Year To Date 2023 Months of Inventory 0 1 2 3 4 5 4.0 Months 2.9 Months 2.1 Months 25.4 Days 20.5 Days 13% 4% 3.8% 15% 64.2 $400,000 and Below $400,001 $700,000 $700,001 $1,000,000 $1,000,001 $1,500,000 $1,500,001 and Above Properties Sold Available Listings Median Sales Price Average Days on Market 0 260 520 780 1040 1300 0 140 280 420 560 700 0 76000 152000 228000 304000 380000 0 40 80 120 160 200 1236 1009 851 692 549 547 377 350 337 239 276 388 89 94 98 106 107 100 $540,000 $550,000 $519,950 $510,000 $512,500 $527,919 Market Statistics October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 RENO/SPARKS AREAS Percentage of Sales March 2023 Year To Date 2023 Months of Inventory 4.0 Months 2.9 Months 2.1 Months 25.4 Days 20.5 Days 13% 4% 3.8% 15% 64.2 $400,000 and Below $400,001 $700,000 $700,001 $1,000,000 $1,000,001 $1,500,000 $1,500,001 and Above Properties Sold Available Listings Median Sales Price Average Days on Market 0 260 520 780 1040 1300 0 140 280 420 560 700 0 76000 152000 228000 304000 380000 0 40 80 120 160 200 1236 1009 851 692 549 547 377 350 337 239 276 388 89 94 98 106 107 100 $540,000 $550,000 $519,950 $510,000 $512,500 $527,919 Market Statistics October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 RENO/SPARKS AREAS Percentage of Sales March 2023 Year To Date 2023 Source: Northern Nevada Regional Multiple Listing Service (NNRMLS). Copyright 2023 Dickson Realty. All Rights Reserved. Months of Inventory 3 4 5 4.0 Months 2.9 Months 15% 64.2 Properties Sold Available Listings Median Sales Price Average Days on Market 0 260 520 780 1040 1300 0 140 280 420 560 700 0 76000 152000 228000 304000 380000 0 40 80 120 160 200 1236 1009 851 692 549 547 377 350 337 239 276 388 89 94 98 106 107 100 $540,000 $550,000 $519,950 $510,000 $512,500 $527,919 Market Statistics October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 RENO/SPARKS AREAS Percentage of Sales March 2023 Year To Date 2023
Source: Northern Nevada Regional Multiple Listing Service (NNRMLS). Copyright 2023 Dickson Realty. All Rights Reserved. Months of Inventory 1 2 3 4 5 4.0 Months 2.9 Months 2.1 Months 25.4 Days 20.5 Days 13% 4% 3.8% 15% 64.2 Properties Sold Available Listings Median Sales Price Average Days on Market 0 260 520 780 1040 1300 0 140 280 420 560 700 0 76000 152000 228000 304000 380000 0 40 80 120 160 200 1236 1009 851 692 549 547 377 350 337 239 276 388 89 94 98 106 107 100 $540,000 $550,000 $519,950 $510,000 $512,500 $527,919 Market Statistics October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 RENO/SPARKS AREAS Percentage of Sales March 2023 Year To Date 2023 Properties Sold Available Listings Median Sales Price Average Days on Market 0 34 68 102 136 170 0 14 28 42 56 70 0 74000 148000 222000 296000 370000 0 30 60 90 120 150 142 136 117 86 72 63 36 49 26 21 30 39 74 49 113 74 97 99 $491,750 $470,000 $527,895 $550,000 $494,000 $450,000 Market Statistics CARSON CITY AREA Source: Northern Nevada Regional Multiple Listing Service (NNRMLS). Copyright 2023 Dickson Realty. All Rights Reserved. October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 Months of Inventory 0 1 2 3 4 5 4.0 Months 2.9 Months 2.1 Months 25.4 Days 20.5 Days 13% 4% 3.8% 15% 64.2 $400,000 and Below $400,001 $700,000 $700,001 $1,000,000 $1,000,001 $1,500,000 $1,500,001 and Above Properties Sold Available Listings Median Sales Price Average Days on Market 0 260 520 780 1040 1300 0 140 280 420 560 700 0 76000 152000 228000 304000 380000 0 40 80 120 160 200 1236 1009 851 692 549 547 377 350 337 239 276 388 89 94 98 106 107 100 $540,000 $550,000 $519,950 $510,000 $512,500 $527,919 Market Statistics October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 RENO/SPARKS AREAS Percentage of Sales March 2023 Year To Date 2023 Properties Sold Available Listings Median Sales Price Average Days on Market 0 34 68 102 136 170 0 14 28 42 56 70 0 74000 148000 222000 296000 370000 0 30 60 90 120 150 142 136 117 86 72 63 36 49 26 21 30 39 74 49 113 74 97 99 $491,750 $470,000 $527,895 $550,000 $494,000 $450,000 Market Statistics CARSON CITY AREA Source: Northern Nevada Regional Multiple Listing Service (NNRMLS). Copyright 2023 Dickson Realty. All Rights Reserved. October 2022 November 2022 December 2022 January 2023 February 2023 March 2023
Source: Northern Nevada Regional Multiple Listing Service (NNRMLS). Copyright 2023 Dickson Realty. All Rights Reserved. Months of Inventory 1 2 3 4 5 4.0 Months 2.9 Months 2.1 Months 25.4 Days 20.5 Days 13% 4% 3.8% 15% 64.2 Properties Sold Available Listings Median Sales Price Average Days on Market 0 260 520 780 1040 1300 0 140 280 420 560 700 0 76000 152000 228000 304000 380000 0 40 80 120 160 200 1236 1009 851 692 549 547 377 350 337 239 276 388 89 94 98 106 107 100 $540,000 $550,000 $519,950 $510,000 $512,500 $527,919 Market Statistics October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 RENO/SPARKS AREAS Percentage of Sales March 2023 Year To Date 2023 Properties Sold Available Listings Median Sales Price Average Days on Market 0 40 80 120 160 200 0 15 30 45 60 75 0 90000 180000 270000 360000 450000 0 40 80 120 160 200 170 156 133 122 104 89 45 58 33 26 28 34 85 90 97 136 118 130 $547,900 $580,000 $525,000 $625,000 $566,250 $496,250 Market Statistics October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 CARSON VALLEY AREA Source: Northern Nevada Regional Multiple Listing Service (NNRMLS). Copyright 2023 Dickson Realty. All Rights Reserved. Months of Inventory 0 1 2 3 4 5 4.0 Months 2.9 Months 2.1 Months 25.4 Days 20.5 Days 13% 4% 3.8% 15% 64.2 $400,000 and Below $400,001 $700,000 $700,001 $1,000,000 $1,000,001 $1,500,000 $1,500,001 and Above Properties Sold Available Listings Median Sales Price Average Days on Market 0 260 520 780 1040 1300 0 140 280 420 560 700 0 76000 152000 228000 304000 380000 0 40 80 120 160 200 1236 1009 851 692 549 547 377 350 337 239 276 388 89 94 98 106 107 100 $540,000 $550,000 $519,950 $510,000 $512,500 $527,919 Market Statistics October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 RENO/SPARKS AREAS Percentage of Sales March 2023 Year To Date 2023 Properties Sold Available Listings Median Sales Price Average Days on Market 0 40 80 120 160 200 0 15 30 45 60 75 0 90000 180000 270000 360000 450000 0 40 80 120 160 200 170 156 133 122 104 89 45 58 33 26 28 34 85 90 97 136 118 130 $547,900 $580,000 $525,000 $625,000 $566,250 $496,250 Market Statistics October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 CARSON VALLEY AREA Source: Northern Nevada Regional Multiple Listing Service (NNRMLS). Copyright 2023 Dickson Realty. All Rights Reserved.
Source: Northern Nevada Regional Multiple Listing Service (NNRMLS). Copyright 2023 Dickson Realty. All Rights Reserved. Months of Inventory 1 2 3 4 5 4.0 Months 2.9 Months 2.1 Months 25.4 Days 20.5 Days 13% 4% 3.8% 15% 64.2 Properties Sold Available Listings Median Sales Price Average Days on Market 0 260 520 780 1040 1300 0 140 280 420 560 700 0 76000 152000 228000 304000 380000 0 40 80 120 160 200 1236 1009 851 692 549 547 377 350 337 239 276 388 89 94 98 106 107 100 $540,000 $550,000 $519,950 $510,000 $512,500 $527,919 Market Statistics October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 RENO/SPARKS AREAS Percentage of Sales March 2023 Year To Date 2023 Properties Sold Available Listings Median Sales Price Average Days on Market 0 40 80 120 160 200 0 14 28 42 56 70 0 50000 100000 150000 200000 250000 0 30 60 90 120 150 150 152 127 118 85 69 29 30 27 13 29 59 85 99 106 86 114 109 $375,000 $372,500 $360,000 $369,900 $349,900 $355,000 Market Statistics FERNLEY AREA Source: Northern Nevada Regional Multiple Listing Service (NNRMLS). Copyright 2023 Dickson Realty. All Rights Reserved. October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 Months of Inventory 0 1 2 3 4 5 4.0 Months 2.9 Months 2.1 Months 25.4 Days 20.5 Days 13% 4% 3.8% 15% 64.2 $400,000 and Below $400,001 $700,000 $700,001 $1,000,000 $1,000,001 $1,500,000 $1,500,001 and Above Properties Sold Available Listings Median Sales Price Average Days on Market 0 260 520 780 1040 1300 0 140 280 420 560 700 0 76000 152000 228000 304000 380000 0 40 80 120 160 200 1236 1009 851 692 549 547 377 350 337 239 276 388 89 94 98 106 107 100 $540,000 $550,000 $519,950 $510,000 $512,500 $527,919 Market Statistics October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 RENO/SPARKS AREAS Percentage of Sales March 2023 Year To Date 2023 Properties Sold Available Listings Median Sales Price Average Days on Market 0 40 80 120 160 200 0 14 28 42 56 70 0 50000 100000 150000 200000 250000 0 30 60 90 120 150 150 152 127 118 85 69 29 30 27 13 29 59 85 99 106 86 114 109 $375,000 $372,500 $360,000 $369,900 $349,900 $355,000 Market Statistics FERNLEY AREA Source: Northern Nevada Regional Multiple Listing Service (NNRMLS). Copyright 2023 Dickson Realty. All Rights Reserved. October 2022 November 2022 December 2022 January 2023 February 2023 March 2023
Dickson Realty Sweeps Top Three Honors at Global Real Estate Conference
Dickson Realty earned the prestigious Diamond Award from Leading Real Estate Companies of the World (Leading RE), a global network of market leading independent real estate firms. The award was presented at the Leading RE Annual Conference, which took place March 28-30 at Wynn Las Vegas.
The Diamond Award is the highest honor bestowed on a member company from Leading Real Estate Companies of the World. The award recognizes superior performance in all Leading RE’s business programs and is given to only one member company in each company size category.
In addition to earning the Diamond Award, Dickson Realty was awarded the Crown of Excellence. This award recognizes the volume of business Dickson Realty refers to other real estate companies outside the area as well as the number of incoming referrals Dickson Realty agents have closed.
Dickson Realty was also awarded the Peak Production Award. This award recognizes the top member company in each company size category with the most revenue generating sales volume in 2022.
Dickson Realty is one of two representatives in Northern Nevada of Leading RE. With a membership that spans six continents, connecting 550 firms and 136,000 sales associates who produce over 1.2 million real estate transactions each year.
“We are thrilled our Relocation Team has been recognized for elevating Dickson Realty from a local company to an international and nationally recognized real estate company.
– Nancy Fennell, CEO of Dickson Realty
“For over thirty years, we have been honored to be invited to be a part of Leading RE. Our affiliation has introduced us to hundreds of real estate firms and sales associates around the world.
– Chris Galli, Vice President of Relocation at Dickson Realty
As a member of Leading RE, Dickson Realty combines authentic local market leadership with top ranked resources and relationships with other premier real estate firms across the country and around the world.
For fifty years, Dickson Realty has been assisting buyers, sellers, investors and tenants of real estate in Northern Nevada to reach their real estate goals.
Dickson Realty Recognized As The Leading Firm in Northern Nevada
2022 was a roller coaster year, continuing the strong pandemic and post-pandemic fueled housing market through the first half of the year. Then, in the third quarter, we saw an abrupt stop to the record-breaking housing market. Despite market headwinds, the top brokerages continued to show growth in the 2023 RealTrends 500 brokerage rankings.
This year’s list shows the impact of a shifting market on the top brokerage firms in the country. While transaction sides and volume were understandably down from their 2021 peak, the firms represented in the RealTrends 500 outperformed the market and their peers in almost all categories,” says Mark Adams, Vice President of Real Estate at HW Media.
All firms in the 2023 RealTrends 500 (RT500) did approximately 40.6% of all brokerage-controlled sales in the country, staying even with the 2022 rankings.
Dickson Realty has been honored to be recognized in Real Trends Top 500 firms in the country since 2003. In 2022, Dickson Realty was recognized as the leading real estate firm in Northern Nevada in both the number of transactions and volume. “ We are thrilled to be 381st largest firm in transaction sides in the country and 206th largest firm in volume”, says Nancy Fennell, CEO of Dickson Realty. That is the result of being affiliated with some of the finest real estate professionals in the area.
Like us on Facebook | Follow us on Instagram | Follow us on LinkedIn DicksonRealty.com | info@dicksonrealty.com © 2023 Dickson Realty. All rights reserved. Although the information above is deemed reliable, Dickson Realty does not guarantee its accuracy. Some rights reserved. DOWNTOWN RENO 775.324.7000 CAUGHLIN RANCH 775.746.7000 DAMONTE RANCH 775.850.7000 SOMERSETT 775.746.7222 MONTRÊUX 775.849.9444 SPARKS 775.685.8800 INCLINE VILLAGE 775.831.6600 TRUCKEE 530.587.7444 PORTOLA 530.832.1700 NORTHSTAR 530.562.1140 CARSON CITY 775.882.6300 GARDNERVILLE 775.882.6300
