LUXURY 2022
CONTENTS * 4 -5 About Us * 6-7 Median Sales Price & Price per Sq. Ft. * 8-9 Number of Properties Sold * 10-11 Sales vs. List Price & Cash vs. Loan * 12-13 Market Summary 2 2022 Luxury Real Estate Market Report
3 www.ferrari-lund.com
A worldwide collection of top brokers representing the finest luxury properties across the globe. Who’s Who in Luxury Real Estate has been leading the real estate industry since 1986. This hand-selected group of more than 130,000 professionals with properties in over 70 countries collectively sells over $300 billion of real estate annually, making it the most elite and comprehensive luxury real estate network in the world.
Who’s Who in Luxury Real Estate Angeles Wanco 775-843-3844 License No. S.59882
AngelesWanco.Ferrari-Lund.com Luxury Real Estate Market Report 2022
AngelesWanco@gmail.com
ABOUT US
Ferrari-Lund is celebrating 35 years of business. We want to share with you our 2022 Luxury Report.
Serving our community with expertise, stability, and proven success has always been our top priority. We are proud to be a locally owned and operated brokerage that is consistently a top-producing firm in the Reno/ Sparks area.
At Ferrari-Lund, we use a unique combination of industry-leading resources, personalized support, the most innovative technology available, and high-level marketing resources for our clients. Coinciding with strong personalized client relationships and individually tailored solutions, our over 200 agents close deals that leave you with peace of mind and positive outcomes.
Whether you are buying, selling, or investing, we are here for all your real estate needs. Our goal remains to provide you with a rewarding experience that is aligned with your specific goals, finances, and situation.
We hope you find this luxury market information valuable.
5 www.ferrari-lund.com
Median Sales Price
SINGLE FAMILY HOMES IN RENO/SPARKS THAT SOLD OVER $1,000,000
Annual Median Sold Price 2018 - $1,275,000
Annual Median Sold Price 2019 - $1,344,168
Annual Median Sold Price 2020 - $1,327,183
Annual Median Sold Price 2021 - $1,377,950
Annual Median Sold Price 2022 - $1,355,000
6 Luxury Real Estate Market Report 2022
Reports are based on single
in the
&
| DATA
family homes
Reno
Sparks area
PROVIDED BY SNRMLS. @2023 DOMUS ANALYTICS.
Price Per Square Foot
SINGLE FAMILY HOMES IN RENO/SPARKS THAT SOLD OVER $1,000,000
The graph below indicates average price per square foot over the past five years.
7 www.ferrari-lund.com
Reports are based on single family homes in the Reno & Sparks area | DATA
PROVIDED BY SNRMLS. @2023 DOMUS ANALYTICS.
RENO/SPARKS HOMES OVER $1,000,000
Reports are based on single family homes in the Reno & Sparks area | DATA PROVIDED BY SNRMLS. @2023 DOMUS ANALYTICS.
8 Luxury Real Estate Market Report 2022
Number of Homes Sold
The graph below indicates the number of luxury homes sold over the past 5 years.
Price Allocation
NUMBER OF LUXURY HOMES SOLD OVER $1,000,000
Reports are based on single family homes in the Reno & Sparks area | DATA PROVIDED BY SNRMLS. @2023 DOMUS ANALYTICS.
9 www.ferrari-lund.com
Sold Price vs. List Price
10 Luxury Real Estate Market Report 2022
FAMILY HOMES IN RENO/SPARKS THAT SOLD OVER $1,000,000 Reports are based on single family homes in the Reno & Sparks area | DATA PROVIDED BY
SINGLE
SNRMLS. @2023 DOMUS ANALYTICS.
Cash Sales vs. Loan Sales
11 www.ferrari-lund.com
SINGLE FAMILY HOMES IN RENO/SPARKS THAT SOLD OVER $1,000,000 Reports are based on single family homes in the Reno & Sparks area | DATA PROVIDED BY SNRMLS. @2023 DOMUS ANALYTICS. 2018 Total 219 51.1% Cash 2019 Total 228 45.6% Cash 2021 Total 594 42.4% Cash 2020 Total 335 50.7% Cash 2022 Total 547 39% Cash
Market Summary New Listings Sold Listings Median List Price Median Sold Price Days to Contract Active Inventory December 2021 37 49 $1,200,000 $1,370,000 34 90 December 2022 37 28 $1,387,500 $1,409,998 67 178 % Change 0.0% -42.8% 20.8% 2.9% 97.1% 97.7% SINGLE FAMILY HOMES IN RENO/SPARKS New Listings December 2022 37 28 67 Homes over $1,000,000 Total Sold December 2022 Days to Contract December 2022 12 Luxury Real Estate Market Report 2022 Reports are based on single family homes in the Reno & Sparks area | DATA PROVIDED BY SNRMLS. @2023 DOMUS ANALYTICS.
Market Summary New Listings Sold Listings Median List Price Median Sold Price Days to Contract Active Inventory 2021 721 594 $1,445,000 $1,377,950 14 461 2022 881 547 $1,485,000 $1,355,000 21 643 % Change 22.2% -7.9% 2.7% -1.7% 50.0% 39.5% SINGLE FAMILY HOMES IN RENO/SPARKS Homes over $1,000,000 881 547 21 Reports are based on single family homes in the Reno & Sparks area | DATA PROVIDED BY SNRMLS. @2023 DOMUS ANALYTICS. New Listings 2022 Total Sold 2022 Days To Contract 2022 13 www.ferrari-lund.com
All reports are based on single family homes in the Reno & Sparks area valued above $1,000,000.
Dates between 1/1/2022 - 12/31/2022.
Data Provided by NNRMLS. @2023 Domus Analytics.
14Luxury Real Estate Market Report 2022
15 www.ferrari-lund.com
Damonte Office 500 Damonte Ranch Pkwy. Suite 804 Reno, NV 89521 775-850-7033 Lakeside Office 3700 Lakeside Dr. Suite 100 Reno, NV 89509 775-688-4000 Sparks Office 4990 Vista Blvd. Sparks, NV 89434 775-685-7788 WWW.FERRARI-LUND.COM
