LUXURY TRENDS
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It is undoubtedly a sizzling Summer in Northern Nevada, and just like the scorching temperatures, the luxury real estate market is heating up! As the leading brokerage rooted in the Northern Nevada community, Dickson Realty is here to keep you connected to all the latest trends and opportunities in the luxury housing market.
Our journey began in the 80s when we recognized that luxury properties required a different approach to marketing. We joined forces with Great Estates, which later became a part of Christie's, a renowned name in the world of art and luxury since 1766. Our commitment to excellence and reaching a global audience led us to join Luxury Portfolio International, the luxury face of the largest global network of premier locally branded companies spanning 70 countries. As a member of Luxury Portfolio, we proudly showcase high-end properties to over 3 million high net worth visitors annually through LuxuryPortfolio.com, the platform that markets an impressive $61 Billion worth of the world's most remarkable luxury homes.
From January to June, the luxury market has been a thrilling journey, marked by a record-breaking snowfall, higher interest rates, and uncertainties in the economy and international markets. When comparing this year to 2022, it's evident that we are witnessing a slowdown in several metrics, resulting in longer durations on the market. However, we see the years of 2020 to 2022 as a market anomaly and we suggest caution in comparing today's market to those years.
To make informed decisions, it's crucial to focus on the present realities. We see a rise in inventory, which will play a significant role in stabilizing pricing across most price categories. The market is transitioning into a balanced state, with approximately six months of inventory in the $1.3 to $1.6 million price range. However, there are still certain price categories, such as $1-$1.3 million and $2.2-$2.5 million, where inventory remains limited. In fact, some price ranges may give the impression of high inventory levels, but in reality, they represent only 10 homes or less in each range.
Navigating the current luxury market requires a keen understanding of its dynamics, and at Dickson Realty, we have the expertise to guide you through this journey. Our real estate specialists are here to assist you in seizing the opportunities presented by the evolving market conditions. Whether you're buying or selling, our knowledge and connections are at your service to ensure your success in this dynamic landscape. Reach out to us today, and let's embark on this exciting venture together.
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
4,700 offices
$586 Billion total annual home sales volume
136,000 sales associates
70+ countries
550 companies
6 spanning continents
Incline
-2.8%
-1.7%
Incline Village/Crystal Bay
Condos - 2nd Quarter 2023 vs. 2nd Quarter 2022
Condos - 2nd Quarter 2023
Units Sold
Average Sold Price/Sqft.
Incline Village/Crystal Bay (Luxury $1,000,000+) 100%
Reno has changed a lot over the past 100 years, but to see just how different it is, look no further than the recent changes to Reno Public Market at the south end of Midtown. Earlier this year, Reno’s erstwhile Shoppers Square was remodeled into a brand new, mixed-use facility full of some of the hallmarks of Reno’s past century of development: art, live events, local brands, and lots of good food.
But as much as Reno Public Market exemplifies Reno’s present (and hopefully future), the building itself has deep roots in the city’s history. Let’s look at where Reno was in 1923, and what its redevelopment can tell us about Reno’s culture and economy in the 21st century.
In 1923, the city of Reno proper occupied a far smaller parcel of land, and its population reflected it. It’s estimated that a little over 12,000 people lived in the town in 1920. But then, as it is now, Reno entered a great population shift, growing by 50% over the next decade. As Reno acquired some of its oldest and most famous institutions in the 1930s (namely, legalized gambling, one of the shortest residency requirements for divorce in the nation, and increased investment in the arts) the population boom only continued. With its borders bursting at the seams, Reno needed more room to grow.
Enter the Casazza family, who purchased 140 acres of land to the south of downtown as part of their family ranch in 1923. As Reno sprawled into their domain, the Cassazas began to sell acreage to the burgeoning town, all except for their current property at the corner of Plumb Lane and South Virginia Street—where their original family home once stood. In 1963, the Casazzas announced they were going to develop a $2.4 million shopping center on that parcel, and Shoppers Square was soon a reality.
A modest marketplace, Shoppers Square nonetheless stood for decades as a family-run establishment bordering the aptly named Casazza Drive. Over the decades, numerous businesses came and went as tenants—department stores, banks, drugstores, and restaurants among them. In 2019, however, the Casazzas decided to revamp the space, starting a years-long redevelopment that was hampered by the COVID-19 pandemic, permitting issues, and record snowfall levels this past winter.
In January of this year, Reno Public Market opened its doors to the public, showcasing a sprawling food court, space for 22 individual vendors, one of the largest bars in Reno, storefronts for local businesses, a combined artist workshop space and gallery, and a live entertainment stage christened “Faye’s” in homage to a long-time former tenant, Faye’s
Sportswear. The original neon sign that illuminated her storefront now sits, repurposed, above the main stage.
Similar to other developments in Reno over the past two decades, Reno Public Market was made possible thanks to some outside investment. California-based developers Foothill Partners were amongst the first to come up with the redesign, with Fireten Hospitality handling much of the mixed-use food court and vendor space. The entire price tag for the 55,000-square-foot space came in at around $50 million.
The food court is one of the premier utilities of the space, according to Steve Schroeder, founder of one of Reno’s most successful summer community events, Food Truck Fridays. According to Schroeder, who was asked to consult on the design of the food court, the smaller vendor stations present a logical progression for local restaurateurs from individual food trucks to 10-by-30-foot brick-and-mortar locations with lower overhead costs and community appeal baked into the concept.
The team behind Reno Public Market is banking on the sense of community inspired by the mixed-use space instead of the retail-forward model of Shoppers Square. Instead of going to Reno Public Market for one thing, the idea is that shoppers can find many—either trying different types of food, grabbing a drink while they watch live music, or wandering the storefronts until they see something they like.
It’s a concept that’s worked in other venues established by Foothill and Fireten, but Reno Public Market also has a secret weapon working in its favor. The development of the Reno Entertainment District apartment complex at the former site of Park Lane Mall across the street is primed to provide a ready source of clientele for the shopping center, which also includes a CVS Pharmacy, Sprouts grocery store, and other consumer must-haves. Investment in the confluence of living, entertainment, and shopping is poised to reinvigorate the south of Midtown.
The development of Reno Public Market is a microcosm of Reno’s own expanded economic vision. As the city has fought to move away from the largely gaming-centered economy of the past century, investment in large-scale entertainment spaces (like Jacobs Entertainment’s Neon Line District downtown), local food and beverage brands (evident in fourth street’s Brewery District or Food Truck Fridays), and high-density housing constitutes a shift to a more modern and diverse economy. Underscored by our access to Lake Tahoe, world-class skiing and hiking, and other outdoor recreation, Reno is banking on experiences and local culture as its future economic drivers—with projects like Reno Public Market providing a roadmap.
Offered at $9,999,800
Vista del Lago. Stunning home with endless panoramic views of Lake Tahoe, the mountains, and Crystal Bay Point from every room. Completely remodeled w/smart home features throughout, meticulously maintained and designed to enjoy the Tahoe lifestyle. Adjacent, is 185+ acres of IVGID land, enhancing the privacy. Radiant in-floor heat, hand scraped reclaimed oak flooring and custom cabinetry.
Erik Sesma
775-298-9754
Karen Bruno
775-232-4109
Offered at $6,750,000
Connect with the majesty of nature, the people you love, and yourself in this distinctive, unapologetically rustic, and evocative home. Nestled above a cul-de-sac in the Sierra Nevada’s western foothills, 95 Bear Mountain offers unparalleled views and quick access to the Reno Tahoe International Airport, downtown Truckee, and Lake Tahoe. The home’s seamless flow highlights its quality of craftsmanship and thoughtful details, such as hand-finished beams, Albertini and steel windows, and reclaimed materials.
Kathie Bartlett
775-741-5675
170 Hawken Road – Reno, Nevada
Offered at $5,850,000
Introducing a new custom home in the gated community of Eaglesnest at Caughlin Ranch. The large Lowen windows throughout the home allow natural light to flow into every room; effortlessly integrating indoor and outdoor living. Enjoy sweeping panoramic views of the city and mountains. Soak in the sunsets from the comfort of your private terrace with an outdoor fireplace and TV. This mountain modern home offers the perfect balance of luxury and comfort.
Rebecca Dickson
775-742-2120
Offered at $5,650,000
A coveted location in Washoe Valley featuring peaceful, panoramic views across the valley. In perfect condition with freshly refinished hardwood floors throughout. The comfortable one level floor plan features a great room, wet bar/wine cellar, a spacious study, formal dining with prep pantry connected to kitchen and a laundry/mud room just off the garage complete with dog washing station! Comfortable country living,a ten minute drive to Carson City and twenty minutes to South Reno.
Rebecca Dickson
775-742-2120
Offered at $4,495,000
This modern architectural masterpiece is a study in contrast with its sharp corners and curved lines. Designed by Wimberley Alison Tong & Goo lead Designer Charlie Sims, this Award Winning estate has been featured on HGTV and ABC TV as well as showcased by Dupont Luxury Homes and Reno Magazine. Nestled on a bluff near Arrowcreek, this 8011 square foot custom estate sits on 2.42 acres and has unbelievable Panoramic views of the entire City of Reno from the Sierras to the Virginia City foothills.
Jay Kenny
775-848-6549
Offered at $3,900,000
This is the rare opportunity to own a private retreat consisting of 6,600 sq ft of updated ranch-style living space adjacent to BLM land with 6 acre/feet fenced water right. The footprint of this 8-bedroom, 9-bath home has been thoughtfully divided into four zones. The eastern-facing sizable owner’s suite is a wonderful hideout with a fireplace, two en-suite marble bathrooms, two walk-in closets, and two additional flex spaces for an office and workout area. The kids’ wing comes with new wood-laminate floors and is ready for action.
The Keenan Group
775-846-9726
Offered at $3,600,000
Prepare to be wowed by this newly constructed contemporary home in Arrowcreek! Showcasing architectural excellence and masterful finishes, this custom beauty is one of Reno’s finest. Upgrades include upscale Miele & Sub-Zero appliances, Andersen windows & doors, cashmere matte maple hardwood floors, Home Theater, separate Casita with Kitchenette, and oversized 3-car garage. Located at the end of a cul-de-sac overlooking the 3rd Fairway, this distinct home enjoys spectacular golf, mountain, and city views.
Sullivan Neal Luxury
775-849-9444
Offered at $3,585,000
Sit on the patio and take in the views across Washoe Valley - absolutely beautiful! 1901 Priority Ophir Creek water rights feed a series of 5 ponds on the property year round. With a master gardener at the helm the landscape is magical with mature trees and carefully curated plantings for seasonal color. There is a 1360s.f., 2 story, 1 bedroom/bath guest cottage at the back of the property as well as a detached garage/ storage barn. 4145s.f. is only the upstairs living area of main home, lower level has 3441s.f.with a rec room and flexible garage space for as many as 6 to 8 cars. There are two gated entrances.
Rebecca Dickson
775-742-2120
Offered at $3,500,000
Stunning private estate waiting to welcome its new owners! Upon entering through the private gate, you are greeted with the expansive and beautifully landscaped grounds, an elegant porte-coche're, a grand entrance with double stainless steel doors and custom glass side lights. Once inside, you are greeted with a magnificent great room featuring, marble floors and stunning floor to ceiling windows overlooking 3 grand waterfalls and stunning mountain views.
Christina Rice
775-220-6281
Offered at $3,255,000
Newly built, on Montreux's 11th green, this single level custom “Chalet” offers the perfect balance of indoor/ outdoor living with mountain modern style. Quality abounds w/ ICF construction! Unobstructed golf, Mt. Rose & valley views. Chef's kitchen with top-of-the-line appliances (SubZ & Bosch). Open floorplan with 3 BR suites + office. Primary suite with large linear fireplace, heated bath floors, 2 walk-in closets, steam shower & adjacent fitness center/flex space. The backyard is an entertainer's dream!
Sullivan Neal Luxury
775-849-9444
Offered at $3,200,000
Build a brand new Parc Foret home in Reno's premier gated golf community - MONTREUX. Plenty of time to choose all your own quality interior finishes; completions will be in 2023. This home is a Plan 7; 4 bedroom suites plus a game room. A modern/open great room design with high ceilings, big windows, light & bright. A private courtyard greets you at the front. Full landscaping for your custom design included in the purchase. Built by award-winning custom builder LakeCrest.
Sullivan Neal Luxury
775-849-9444
Bordeaux – Reno, NevadaClick on the MLS number to view each listing online.
Leave the Hassles of Home Maintenance Behind
The Villas at Rancharrah is unlike any community in the Reno area. Tour it and you’ll see.
Leave the Hassles of Home Maintenance Behind
Leave the Hassles of Home Maintenance Behind
The Villas at Rancharrah is unlike any community in the Reno area. Tour it and you’ll see.
Upgraded features come standard, luxury and comfort are prioritized, and life is inspiring with every season. If you’re looking for the best in Reno living, this is it. Call Heather at 775-420-4292 or visit TheVillasRancharrah.com to schedule a tour.
Upgraded features come standard, luxury and comfort are prioritized, and life is inspiring with every season. If you’re looking for the best in Reno living, this is it. Call Heather at 775-420-4292 or visit TheVillasRancharrah.com to schedule a tour.
The Villas at Rancharrah is unlike any community in the Reno area. Tour it and you’ll see.
Upgraded features come standard, luxury and comfort are prioritized, and life is inspiring with every season. If you’re looking for the best in Reno living, this is it. Call Heather at 775-420-4292 or visit TheVillasRancharrah.com to schedule a tour.
Take a trip around the globe with seven sights springing straight from nature
The Earth is packed with awe-inspiring natural marvels created from nothing but the processes of geology and life. Yet many go underappreciated in favor of more modern, manmade achievements.
The Seven Natural Wonders Foundation teamed up with cable broadcaster CNN to change that, compiling a list of the “Seven Natural Wonders of the World” to inspire people to visit and preserve all of the wild and amazing natural places on the planet.
Bright waves of blues, greens, purples and pinks dazzle across the pitch-black night sky each winter in the northern reaches of the globe. No, it is not a laser light show, but the natural phenomenon, aurora borealis, also known as the northern lights.
Geomagnetic storms on the sun shoot electrons out at high speeds, which collide with particles such as nitrogen and oxygen in Earth’s atmosphere, releasing light as they calm down.
The stunning displays, seen as a colored glow or waves, occur from September to April in northern-latitude places such as Alaska, northern Canada, Iceland, Greenland, Estonia, Finland, Sweden and Norway — the closer to the North Pole, the better.
The best locations to see the aurora may be frigidly cold, but they also have little-to-no light pollution and clear skies. They also have quite a dark backdrop, with only a few hours of sunlight during the season. In the far north, during Polar Night, the sun does not rise above the horizon for two months.
Deep in southern Africa, the calm waters of the Zambezi River, the fourth longest in Africa, violently plunge into the depths of a 355-foot-deep gorge.
The largest waterfall curtain in the world, Victoria Falls flows at the border between Zimbabwe and Zambia. Victoria drops into a narrow chasm of just 80–240 feet wide and more than a mile long. At the bottom of the falls is a deep pool called the Boiling Pot, where the waters of the Zambezi churn among rocks and rapids.
Victoria Falls is known for not only its size and unique shape, but for the mist and rainbows created by its waters. Locals named the waterfall Mosi-oa-Tunya — “the smoke that thunders.”
The clouds of mist rising from the gorge can be seen from more than 30 miles away and the crashing water can be heard beyond 24 miles. The falls are surrounded by lush forests and grasslands populated by a menagerie of African animals such as hippopotamuses, antelopes, elephants, giraffes, zebras, lions and leopards.
The bucket list climb to top them all, Mount Everest rises above everything else on Earth. The highest point on the planet’s surface, on the border of Nepal and Tibet, Everest towers 29,032 feet from base to peak.
Part of a massif in the Himalayas, it lies at a focal point of tectonic action between the Indian and Eurasian plates and continues to grow by a fraction of an inch every year — layers of granite, limestone and ancient sedimentary rock pushed up over millennia.
The peak of Everest is so high that oxygen levels are a third of those at sea level. That, combined with strong winds and extreme cold, means nothing lives near the summit.
Mountain climbers come to the area — which is so remote there were no roads until recently — for a fleeting chance to reach that summit, which was only first accomplished in 1953 by Sir Edmund Hillary and Tenzing Norgay. Since then, more than 6,000 people have made it to the top, while 300-plus have perished trying.
Rio de Janeiro, Brazil, is known for many things — its fun-loving Carioca culture, wild Carnival celebrations and colorful samba music. But one nature-made Rio icon embodies them all — Guanabara Bay.
Bays form when ocean water erodes softer materials on shore, stopping when it reaches harder ones. This picturesque and massive one on the Atlantic coast is surrounded by granite monoliths and mountains, such as Sugar Loaf Mountain, and dotted with more than 130 small islands, the shores loaded with beaches and the famed Christ the Redeemer statue towering in the distance.
Guanabara Bay, about 19 miles long and 18 miles wide, is the largest in the world by water volume. The bay holds not just water but the history of Brazil.
There is evidence of native peoples at the bay dating back to prehistoric times. When Portuguese explorers landed there on a 16th-century January day, they thought they were at the mouth of a giant river, naming the spot River of January — Rio de Janeiro.
One of the youngest volcanoes in the world, Paricutín erupted for nine years in the Mexican state of Michoacán, 200 miles west of Mexico City.
A cinder cone volcano, which erupts from a single opening in the earth’s crust and ends up with a bowl-shaped crater and steep sides, Paricutín lies on the Trans-Mexican Volcanic Belt, which includes the Sierra Nevada Mountain range.
Until 1943, Paricutín was not there. After weeks of small earthquakes and loud rumblings, a fissure opened in a local farmer’s cornfield and within hours, a crater had formed. The volcano rose 1,475 feet in its first year, continuing to spew lava and ash until 1952 and burying the town that is its namesake.
Paricutín now stands at 9,210 feet with a 660-foot-wide crater and is considered to be dormant. Earthquakes are still common in the area and the volcano remains hot enough that rainwater creates steam when it falls on it, but visitors can climb all the way to the top.
Guanabara Bay, Brazil. stock.adobe.comThere is only one living thing on Earth that is visible from space, and it lies underwater. The world’s largest formation created by organisms, the Great Barrier Reef is also the largest “rainforest of the sea.”
The small, soft-bodied coral polyp is responsible for the many coral reefs in the oceans, constructing hard exoskeletons for themselves out of calcium carbonate secretions. When they congregate together, the results are watery ecosystems teeming with life — and must-visit locations for every avid scuba diver and snorkeler.
The Great Barrier Reef covers 134,000 square miles off the northeastern coast of Australia, consisting of more than 900 islands and 3,000 distinct reef formations.
Although spectacular from above, the real action is underneath the surface. One of the most diverse ecosystems in the world, 25 percent of all known marine species can be found in the reef: 600 types of coral, 1,600 species of fish, rays, dolphins, sharks, whales, sea turtles, giant clams and the endangered Dugong, among them.
Standing out among the many canyons formed along rivers across the world is the Grand Canyon in Arizona, in the southwestern United States, thanks to its seemingly never-ending vistas.
The gorge was carved over millions of years by the meandering Colorado River and now hits about 6,000 feet at its deepest point. The canyon, known for its rust reds and sedimentary stripes that keep geologic time, cuts through 277 miles in the desert. Some rock deposits found at the bottom date back 2 billion years.
As seen from its rims, the canyon stretches as far as the eye can see. Hiking trails lead through the surrounding desert landscape. It is also possible to hike all the way to the bottom or take a whitewater rafting trip through the towering canyon walls.
From above, the South Rim — the most popular viewpoint — is open all year long. The North Rim is much more remote and less crowded, but is only open from May to October due to weather.
SOLD $2,774,653
Seller Representation
Sullivan Neal Luxury, 775-849-9444
SOLD $2,750,000
Seller & Buyer Representation
Sullivan Neal Luxury, 775-849-9444
SOLD $2,750,000
Seller Representation
Louise Simpson, 775-750-1901
SOLD $2,495,000
Seller Representation
Ivy Cohen, 775-830-7821
SOLD $2,375,000
Seller Representation
Mandy Limbert, 775-453-8488
SOLD $2,375,000
Seller Representation
Rebecca Dickson, 775-742-2120
SOLD $2,242,271
Seller Representation
Heather Houston, 828-489-8124
Old
Buyer Representation Mandy Limbert, 775-453-8488
SOLD $2,220,000
Seller Representation
Denise Fox, 775-742-6013
St. James Village Montreux Montreux Saddlehorn Somersett Southwest Reno Rancharrah Southwest Reno