Market Trends: 1st Quarter 2024 by Dickson Realty

Market 20FIRS T QUAR T E R 24

TRENDS

Contents

Carson

3 5 7 9

The Market Leader Reno/Sparks Fernley/Fallon

City

Table of

Featured Story 11 13 15 17

Carson Valley Incline Village Truckee/Tahoe

TRENDS Market

51 In Business years

$8,371,415,427 In Sold Volume Since 2019

13,340 In Sold Transactions Since 2019

340+

Local Real Estate Experts

12 Offices

Source: Northern Nevada Regional Multiple Listing Service (NNRMLS). Copyright 2024 Dickson Realty. All Rights Reserved. Q1 MARKET STATISTICS reno/sparks 0 200 400 600 800 1000 60 70 80 90 100 0 100000 200000 300000 400000 500000 600000 $575,000 $555,413 $565,000 $535,000 $549,950 $575,000 Active Listings Sold Listings ACTIVE & SOLD LISTINGS Oct Nov Dec Jan Feb Mar 0 200 400 600 800 1000 60 70 80 90 100 0 100000 $575,000 $555,413 $565,000 $535,000 $549,950 $575,000 DAYS ON MARKET Oct Nov Dec Jan Feb Mar 0 200 400 600 800 1000 60 70 80 90 100 0 100000 200000 300000 400000 500000 600000 $575,000 $555,413 $565,000 $535,000 $549,950 $575,000 MEDIAN SALES PRICE Oct Nov Dec Jan Feb Mar nevada SINGLE FAMILY $549,950 Median Sale Price 875 Properties Sold 94 Average Days On Market 1,086 New Listings 1ST QUARTER Jan 1st - Mar 31st

New Southwest

RENO/SPARKS

Source: NNRMLS Residential listings/sales, area 100

SINGLE FAMILY CONDO Median Sales $ Median DOM $380,000 60 Median Price/SF $259.31 Median Sales $ Median DOM $445,000 68 Median Price/SF $266.42 Spanish Springs SINGLE FAMILY CONDO Median Sales $ Median DOM $414,990 49 Median Price/SF $287.67 Median Sales $ Median DOM $557,475 77 Median Price/SF $276.20

Urban SINGLE FAMILY CONDO Median Sales $ Median DOM $296,000 68 Median Price/SF $284.21 Median Sales $ Median DOM $443,000 58 Median Price/SF $308.75 Sparks SINGLE FAMILY CONDO Median Sales $ Median DOM $296,500 60 Median Price/SF $266.75 Median Sales $ Median DOM $490,000 56 Median Price/SF $290.77

SINGLE FAMILY CONDO Median Sales $ Median DOM $334,525 60 Median Price/SF $315.30 Median Sales $ Median DOM $599,000 74 Median Price/SF $328.11 Old Southwest SINGLE FAMILY CONDO Median Sales $ Median DOM $390,500 50 Median Price/SF $294.32 Median Sales $ Median DOM $765,000 89 Median Price/SF $352.59 Old Southeast SINGLE FAMILY CONDO Median Sales $ Median DOM $263,000 57 Median Price/SF $303.27 Median Sales $ Median DOM $508,000 47 Median Price/SF $337.07

Regional Price Map 1st Quarter 2024, as of March 31, 2024

North Valleys

North

New Northwest

SINGLE FAMILY CONDO Median Sales $ Median DOM $467,500 42 Median Price/SF $327.44 Median Sales $ Median DOM $1,348,000 81 Median Price/SF $448.31

Southeast SINGLE FAMILY CONDO Median Sales $ Median DOM $469,000 47 Median Price/SF $320.61 Median Sales $ Median DOM $678,750 70 Median Price/SF $343.10

New

0 10 20 30 40 50 60 50 100 150 200 0 50000100000150000200000250000300000350000400000 $360,000 $372,500 $364,750 $382,500 $327,000 $365,000 Active Listings Sold Listings ACTIVE & SOLD LISTINGS 50 100 150 200 0 50000100000 $360,000 $372,500 $364,750 $382,500 $327,000 $365,000 DAYS ON MARKET 50 100 150 200 0 50000100000150000200000250000300000350000400000 $360,000 $372,500 $364,750 $382,500 $327,000 $365,000 MEDIAN SALES PRICE Source: Northern Nevada Regional Multiple Listing Service (NNRMLS). Copyright 2024 Dickson Realty. All Rights Reserved. Q1 MARKET STATISTICS fernley nevada SINGLE FAMILY Oct Nov Dec Jan Feb Mar Oct Nov Dec Jan Feb Mar Oct Nov Dec Jan Feb Mar $384,990 Median Sale Price 102 Properties Sold 102 Average Days On Market 123 New Listings 1ST QUARTER Jan 1st - Mar 31st

FERNLEY Regional Price Map 1st Quarter 2024, as of March 31, 2024 FALLON Regional Price Map 1st Quarter 2024, as of March 31, 2024 Source: NNRMLS Residential listings/sales, areas 455, 456, 481-488 Fallon City SE SINGLE FAMILY Median Sales $ Median DOM $268,750 56 Median Price/SF $191.71 Fallon City NE SINGLE FAMILY Median Sales $ Median DOM $400,000 82 Median Price/SF $244.77 Fallon City NW SINGLE FAMILY Median Sales $ Median DOM $368,280 86 Median Price/SF $237.60 Fallon City SW SINGLE FAMILY Median Sales $ Median DOM $275,000 65 Median Price/SF $220.59 Fallon Outer SE SINGLE FAMILY Median Sales $ Median DOM $421,000 88 Median Price/SF $211.24 Fallon Outer NE SINGLE FAMILY Median Sales $ Median DOM $75,000 14 Median Price/SF $83.15 Fallon Outer NW SINGLE FAMILY Median Sales $ Median DOM $425,000 103 Median Price/SF $214.23 Fallon Outer SW SINGLE FAMILY Median Sales $ Median DOM $446,500 81 Median Price/SF $247.96 Fernley SINGLE FAMILY Median Sales $ Median DOM $383,490 65 Median Price/SF $239.76 Fernley East SINGLE FAMILY Median Sales $ Median DOM $404,500 107 Median Price/SF $220.55

Source: Northern Nevada Regional Multiple Listing Service (NNRMLS). Copyright 2024 Dickson Realty. All Rights Reserved. 0 20 40 60 80 100 120 60 90 120 150 0 100000 200000 300000 400000 500000 600000 $585,000 $509,975 $507,475 $500,000 $547,475 $585,000 Active Listings Sold Listings ACTIVE & SOLD LISTINGS 0 20 40 60 80 100 120 60 90 120 150 0 100000 $585,000 $509,975 $507,475 $500,000 $547,475 $585,000 DAYS ON MARKET 0 20 40 60 80 100 120 60 90 120 150 0 100000 200000 300000 400000 500000 600000 $585,000 $509,975 $507,475 $500,000 $547,475 $585,000 MEDIAN SALES PRICE Q1 MARKET STATISTICS carson city nevada SINGLE FAMILY Oct Nov Dec Jan Feb Mar Oct Nov Dec Jan Feb Mar Oct Nov Dec Jan Feb Mar $547,475 Median Sale Price 124 Properties Sold 104 Average Days On Market 142 New Listings 1ST QUARTER Jan 1st - Mar 31st

CARSON CITY & DAYTON Regional Price Map

Source: NNRMLS Residential listings/sales, areas 281, 202, 211, 221, 222, 230, 242, 250, 261, 263, 271, 272, 402, 403

Carson SINGLE FAMILY CONDO Median Sales $ Median DOM $292,000 58 Median Price/SF $280.77 Median Sales $ Median DOM $617,500 96 Median Price/SF $290.30

Carson SINGLE FAMILY Median Sales $ Median DOM $725,000 92 Median Price/SF $299.83 North Carson SINGLE FAMILY CONDO Median Sales $ Year to year change $357,000 28 Median Price/SF $269.77 Median Sales $ Median DOM $447,500 64 Median Price/SF $310.01

SINGLE FAMILY CONDO Median Sales $ Median DOM $270,000 114 Median Price/SF $234.66 Median Sales $ Median DOM $468,000 53 Median Price/SF $264.77 Dayton SINGLE FAMILY Median Sales $ Median DOM $499,999 66 Median Price/SF $247.93

1st Quarter 2024, as of March 31, 2024

West

South

East Carson

Source: Northern Nevada Regional Multiple Listing Service (NNRMLS). Copyright 2024 Dickson Realty. All Rights Reserved. Q1 MARKET STATISTICS carson valley 0 50 100 150 200 60 90 120 150 0 100000200000300000400000500000600000700000800000 $627,500 $649,664 $612,475 $727,500 $744,900 $590,000 Active Listings Sold Listings ACTIVE & SOLD LISTINGS 0 50 100 150 200 60 90 120 150 0 100000200000 $627,500 $649,664 $612,475 $727,500 $744,900 $590,000 DAYS ON MARKET 0 50 100 150 200 60 90 120 150 0 100000200000300000400000500000600000700000800000 $627,500 $649,664 $612,475 $727,500 $744,900 $590,000 MEDIAN SALES PRICE nevada SINGLE FAMILY Oct Nov Dec Jan Feb Mar Oct Nov Dec Jan Feb Mar Oct Nov Dec Jan Feb Mar $727,500 Median Sale Price 126 Properties Sold 122 Average Days On Market 138 New Listings 1ST QUARTER Jan 1st - Mar 31st

1st Quarter 2024, as of March 31, 2024

North Douglas County

Downtowns*

Gardnerville Ranchos

Topaz

CARSON VALLEY Regional Price Map

NNRMLS Residential listings/sales, areas 351, 302, 342, 332, 331, 361, 363, 315, 310, 373, 372, 371

SINGLE FAMILY CONDO Median Sales $ Median DOM $235,000 83 Average Price/SF $203.99 Median Sales $ Median DOM $629,000 90 Average Price/SF $327.06

Source:

SINGLE FAMILY Median Sales $ Median DOM $402,000 140 Average Price/SF $307.81

SINGLE FAMILY Median Sales $ Median DOM $1,325,000 158 Average Price/SF $455.30 East Valley SINGLE FAMILY Median Sales $ Median DOM $1,245,000 103 Average Price/SF $389.73 Johnson Lane SINGLE FAMILY Median Sales $ Median DOM $675,000 91 Average Price/SF $355.39

Genoa

SINGLE FAMILY CONDO Median Sales $ Median DOM $472,990 270 Average Price/SF $258.32 Median Sales $ Median DOM $530,000 88 Average Price/SF $329.97

SINGLE FAMILY CONDO Median Sales $ Median DOM $415,198 64 Average Price/SF $310.24 Median Sales $ Median DOM $556,000 74 Average Price/SF $316.64

* Downtown Garnderville/Minden

Source: Incline Village DOMUS Analytics. Copyright 2024 Dickson Realty. All Rights Reserved. 0 10 20 30 40 50 60 70 80 30 60 90 120 150 0 500000 10000001500000200000025000003000000 $2,528,500 $2,125,000 $1,555,000 $2,500,000 $2,987,500 $2,450,000 Active Listings Sold Listings ACTIVE & SOLD LISTINGS 0 10 20 30 40 50 60 70 80 30 60 90 120 150 0 500000 $2,528,500 $2,125,000 $1,555,000 $2,500,000 $2,987,500 $2,450,000 DAYS ON MARKET 0 10 20 30 40 50 60 70 80 30 60 90 120 150 0 500000 10000001500000200000025000003000000 $2,528,500 $2,125,000 $1,555,000 $2,500,000 $2,987,500 $2,450,000 MEDIAN SALES PRICE Q1 MARKET STATISTICS incline village nevada SINGLE FAMILY Oct Nov Dec Jan Feb Mar Oct Nov Dec Jan Feb Mar Oct Nov Dec Jan Feb Mar $2,500,000 Median Sale Price 28 Properties Sold 100 Average Days On Market 15 New Listings 1ST QUARTER Jan 1st - Mar 31st

INCLINE VILLAGE Regional Price Map

Quarter

as of March

2024 Lakeview SINGLE FAMILY Median Sales $ Median DOM $3,900,000 67 Median Price/SF $1,159.00 Lakefront CONDO Median Sales $ Median DOM $3,200,000 314 Median Price/SF $1,583.00 Central South SINGLE FAMILY CONDO Median Sales $ Median DOM $820,000 132 Median Price/SF $603.00 Median Sales $ Median DOM $1,700,000 168 Median Price/SF $787.00 Mill Creek SINGLE FAMILY CONDO Median Sales $ Median DOM $1,200,000 31 Median Price/SF $575.00 Median Sales $ Median DOM $6,549,500 266 Median Price/SF $1,357.00 Ski Way SINGLE FAMILY CONDO Median Sales $ Median DOM $700,000 50 Median Price/SF $515.00 Median Sales $ Median DOM $2,112,500 141 Median Price/SF $770.00 Central North SINGLE FAMILY Median Sales $ Median DOM $925,000 88 Median Price/SF $803.00 Woods SINGLE FAMILY Median Sales $ Median DOM $1,320,000 75 Median Price/SF $743.00 Championship Golf Course SINGLE FAMILY CONDO Median Sales $ Median DOM $1,221,250 129 Median Price/SF $648.00 Median Sales $ Median DOM $2,515,000 Off-Market Median Price/SF $970.00 Apollo SINGLE FAMILY Median Sales $ Median DOM $2,850,000 86 Median Price/SF $719.00 Mountain Golf Course SINGLE FAMILY Median Sales $ Median DOM $2,450,000 219 Median Price/SF $909.00 Jennifer SINGLE FAMILY Median Sales $ Median DOM N/A N/A Median Price/SF N/A Upper Tyner SINGLE FAMILY Median Sales $ Median DOM $2,247,500 248 Median Price/SF $970.00 Lower Tyner SINGLE FAMILY Median Sales $ Median DOM $3,000,000 24 Median Price/SF $725.00

SINGLE FAMILY Median Sales $ Median DOM $2,004,000 104 Median Price/SF $838.00 Eastern Slope SINGLE FAMILY Median Sales $ Median DOM $3,125,000 224 Median Price/SF $790.00 Source: Incline Village DOMUS Analytics CONDO Median Sales $ Median DOM $2,200,000 24 Median Price/SF $935.00 CONDO Median Sales $ Median DOM $795,000 182 Median Price/SF $544.00 CONDO Median Sales $ Median DOM $680,750 158 Median Price/SF $575.00

1st

2024,

31,

Ponderosa

Source: Tahoe Sierra MLS, Residential listings/sales, areas 001-009 Copyright 2024 Dickson Realty. All Rights Reserved. 0 50 100 150 200 250 0 50 100 150 200 0 300000 600000 900000 1200000 1500000 $1,247,500 $1,185,000 $950,000 $1,250,000 $1,356,094 $1,500,000 Active Listings Sold Listings ACTIVE & SOLD LISTINGS 0 50 100 150 200 250 0 50 100 150 200 0 300000 $1,247,500 $1,185,000 $950,000 $1,250,000 $1,356,094 $1,500,000 DAYS ON MARKET 0 50 100 150 200 250 0 50 100 150 200 0 300000 600000 900000 1200000 1500000 $1,247,500 $1,185,000 $950,000 $1,250,000 $1,356,094 $1,500,000 MEDIAN SALES PRICE Q1 MARKET STATISTICS truckee/tahoe california SINGLE FAMILY Oct Nov Dec Jan Feb Mar Oct Nov Dec Jan Feb Mar Oct Nov Dec Jan Feb Mar $1,356,094 Median Sale Price 126 Properties Sold 98 Average Days On Market 91 New Listings 1ST QUARTER Jan 1st - Mar 31st

Source: Tahoe Sierra Multiple Listing Service MLS (TSMLS), Areas 001-009. This information is deemed reliable but not guaranteed, independent verification recommended. Tahoe Donner SINGLE FAMILY CONDO Median Sales $ Median DOM $575,000 36 Average Price/SF $489.83 Median Sales $ Median DOM $1,205,000 67 Average Price/SF $553.17 Donner Lake SINGLE FAMILY CONDO Median Sales $ Median DOM $643,750 24 Average Price/SF $540.92 Median Sales $ Median DOM $465,000 152 Average Price/SF $584.17 Northstar SINGLE FAMILY CONDO Median Sales $ Median DOM $656,000 29 Average Price/SF $914.48 Median Sales $ Median DOM $1,340,000 47 Average Price/SF $673.09 Donner Summit SINGLE FAMILY Median Sales $ Median DOM $835,000 46 Average Price/SF $630.78 North & West Shores SINGLE FAMILY CONDO Median Sales $ Median DOM $625,000 35 Average Price/SF $550.56 Median Sales $ Median DOM $1,150,000 64 Average Price/SF $595.24 Palisades Tahoe SINGLE FAMILY CONDO Median Sales $ Median DOM $1,140,000 9 Average Price/SF $1,134.81 Median Sales $ Median DOM $2,401,500 207 Average Price/SF $795.85 Truckee SINGLE FAMILY CONDO Median Sales $ Median DOM $615,000 6 Average Price/SF $366.07 Median Sales $ Median DOM $1,180,000 37 Average Price/SF $529.95 Glenshire SINGLE FAMILY Median Sales $ Median DOM $929,000 43 Average Price/SF $527.84

Truckee SINGLE FAMILY CONDO Median Sales $ Median DOM $1,948,500 71 Average Price/SF $771.62 Median Sales $ Median DOM $3,633,750 53 Average Price/SF $1,092.68

TRUCKEE/TAHOE Regional Price Map 1st Quarter 2024, as of March 31, 2024

Luxury

Home Buying, Selling, And Ownership

In real estate, a network of interconnected professionals—agents, mortgage companies, and title companies—collaborate to provide seamless support and alleviate home-buying stress and the complexities of property ownership and transactions.

This intricate web of connections reduces stress and benefits all parties involved. These invaluable industry relationships empower homeowners to access essential resources for home maintenance, explore refinancing options, and receive ongoing support. On the other hand, buyers benefit from a well-established network that ensures a smoother home-buying experience, with timely title searches and an efficient mortgage application process. Sellers can rely on this network to navigate pricing strategy and negotiations and obtain a clear title, streamlining the transaction process.

At the core of this ecosystem, title companies meticulously ensure that all legal aspects of a property are in order, providing peace of mind to all parties involved. Simultaneously, mortgage companies offer invaluable financial guidance, making homeownership attainable. These relationships between real estate agents, mortgage companies, and title companies play a pivotal role in shaping the real estate landscape.

Continue reading to discover the power of connectedness in real estate with insights from two trusted allies of Dickson Realty: Omega Mortgage Group and First Centennial Title Company. Omega Mortgage Group provides expert mortgage advice and tailored financing solutions, ensuring clients find the

optimal mortgage options for their unique needs. First Centennial Title Company delivers top-notch title and escrow services, guaranteeing smooth and secure property transactions.

Alleviating Home Buying Stress: The Power of Strong Connections

A strong connection between a real estate company and mortgage and title companies can significantly impact home buyers. This network streamlines the path to homeownership, reducing the time it takes to buy a house, simplifying the title process, making mortgage applications more accessible, and providing support and guidance.

This partnership alleviates several major stresses faced by homebuyers:

1. Competitive market: In a fast-paced market, a title company facilitates ownership transfer and ensures proper execution of necessary documents. Simultaneously, a mortgage company can help buyers become pre-approved and offer guidance on making competitive offers based on financial capabilities.

2. Budgeting and financing: A mortgage company provides various loan options and helps homebuyers determine the best financing solution. A title company assists by estimating closing costs, including title insurance fees, aiding effective budgeting.

15 Ways to Stress Less

3. Dealing with paperwork and legalities: A title company handles all paperwork and legalities involved in ownership transfer, ensuring proper preparation, signing, and recording of documents. Simultaneously, a mortgage company provides necessary loan documents and guides homebuyers through the application process.

4. Finding the right property: A title company thoroughly searches to ensure the property has a clear title, free from liens or legal issues. Additionally, a mortgage company offers preapproval and guidance on financing options based on budget and financial situation.

5. Understanding the home inspection process: While a title company doesn’t directly assist with home inspection, they provide information on potential title issues or encumbrances. Additionally, a realtor company coordinates with the home inspector to ensure the property meets the necessary financing standards.

Say Goodbye to Selling Home Stress: Expert Support for a Smooth Transaction

A real estate company’s network of professionals, including mortgage and title companies, plays a crucial role in supporting home sellers and alleviating common stressors. Together, they offer comprehensive assistance, ensuring a successful and seamless transaction while reducing the burden on sellers.

These connections address five key challenges often faced by home sellers:

1. Finding a buyer: By leveraging their connections with mortgage companies, the real estate company can identify prospective buyers who have already been pre-approved for a mortgage. This streamlines the search for qualified buyers and expedites the sales process.

2. Managing the move-out process: The mortgage company manages loan approval and funding timelines, enabling better coordination between the real estate company and the buyer’s needs during the move-out process. Additionally, the title company handles the transfer of ownership and

manages any essential legal processes.

3. Negotiating the sale price: The title company is vital in facilitating the closing process by ensuring all necessary documentation is in order. Simultaneously, the mortgage company assists buyers in securing financing, contributing to smoother negotiations for all parties involved.

4. Preparing the house for sale: With the assistance of the title company, the real estate company ensures that the property’s title is clear of any issues. Simultaneously, the mortgage company helps potential buyers explore various financing options, allowing them to move forward with an offer confidently.

5. Setting the right price: The real estate company provides crucial insights into comparable sales in the area using the Multiple Listing Service, a database established by cooperating real estate brokers to provide data about properties for sale. This empowers the real estate company to determine an appropriate listing price. Additionally, the mortgage company offers valuable information on market trends that may impact pricing decisions.

By collaborating with these professionals, home sellers can benefit from their expertise and support, making the selling process more efficient and successful.

Overcoming Home Ownership Anxiety: How Mortgage and Title Companies Can Help

Mortgage and title companies are crucial in supporting homeowners throughout their homeownership journey. With a wide range of tools and resources, these companies empower homeowners to effectively manage their responsibilities, enhance financial literacy, and gain valuable home maintenance education. By doing so, they alleviate common stressors that homeowners often face, ensuring a smoother and more enjoyable experience.