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Luxury Trends 3rd Quarter 2017 Market Report from the Market Leader

3rd Quarter 2017 DicksonLuxury.com


COVER PROPERTY FEATURED:

6825 De Chardin Lane, Reno, NV 89511 $4,499,000 MLS #170005579

2017 Luxury Market Report 3RD QUARTER Welcome! We hope you find useful information in our third newsletter of the year. A review of the first three quarters of the year show a continued pace of strong sales while the number of active listings increased slightly to 166 homes on the market over one million dollars. July had a record number of closings while August and September were consistent with the previous year. The average price per square foot hit a high of $300 up from $278. Northern Nevada’s newest luxury community, Rancharrah, has closed seven homesites at an average of $390,000, for approximately a quarter of an acre. They are expected to close the remainder of their 43 homesites by the end of the year. As we look to the last three months of the year it’s important to remember luxury home sales tend to be strong in the last quarter. The market does not stop over the holidays! 27 homes sold in the last quarter of 2016, which was one third of the sales for the year. Since 1973, Dickson Realty has guided more Buyers and Sellers in the luxury market than any other real estate company in the region. Now, more than ever, it is important to use the skills of a real estate professional specializing in luxury home sales. Our highly trained and experienced agents are here to assist you whether buying, selling or both! Visit DicksonRealty.com or call one of our expert Realtors® today.

—President & CEO Dickson Realty

January-September 2017 vs. January-September 2016 Luxury Home Averages sales over $1 million*

+45

+6.92%

+7.85%

+11.74%

TOTAL HOMES SOLD

AVERAGE SOLD PRICE

AVERAGE PRICE PER SF

AVERAGE DAYS ON MARKET

2017: 113 2016: 68

2017: $1,455,454 2016: $1,361,276

2017: $300.88 2016: $278.98

2017: 238 2016: 213

*Source: Northern Nevada Multiple Listing Service (NNRMLS) transaction volume for transactions over $1 million in all Reno/Sparks areas (Area 100), January 1 - September 30, 2017, as of October 10, 2017.


Top 5 Luxury Real Estate Companies 2017 Market Share for Reno/Sparks Homes Sold Over $1 Million*

DICKSON REALTY

35.20%

Chase 8.82 % Oliver 7.13% Ferrari-Lund 5.42 % RE/MAX Affiliates 4.88%

Luxury Home Sales By Month over $1 million* 2017 vs. 2016 25

26

2017 2016

20

22

15

Units Sold

14 11

10

7

JAN

12 10

7

5 3

13

11

8 5

12

7 5

5

3

FEB

MAR

APR

MAY

JUNE

JULY

AUG

SEPT

*Source: Northern Nevada Multiple Listing Service (NNRMLS) transaction volume for transactions over $1 million in all Reno/Sparks areas (Area 100), January 1 - September 30, 2017, as of October 10, 2017.


Luxury Homes By Price Range over $1 million in Reno/Sparks active as of Sept 30 sold Jan - Sept 2017

# Active and Sold

30

20

21

19

17

21

19

27 20

19

13

10

15

13

11 7

5 $

1. 0

-1 .

1

$

1.1

1.2

$

1. 2

1.3 $

1.3

1. 4

$

1. 4

-1 .

5 $

1 .5

1.6

8

6

$

1. 6

7 $

1 .7

1.8

7

5 2

5

4

-1 .

8

$

1. 8

-1 .

5

2

9 $

1 .9

2 .0

$2

.

2 0-

.5

$2

millions of $

Months of Inventory Active Listings By Price Range over $1 million*

months of inventory

50

49

40 36 30 20

23

10

10

8 0 0 $ 1.

-1 .

1

1 $ 1.

-1 .

2

14

10

2 $ 1.

-1 .

3

15

14

11

19

6 .3 $1

-1 .

4

4 $ 1.

-1 .

5

.5 $1

-1 .

6

6 $ 1.

-1 .

7

.7 $1

-1 .

8

8 $ 1.

-1 .

9 $

1 .9

2 .0

$

2 .0

-2

.5

$2

.5+

millions of $

*Source: Northern Nevada Multiple Listing Service (NNRMLS) transaction volume for transactions over $1 million in all Reno/Sparks areas (Area 100), January 1 - September 30, 2017, as of October 10, 2017.

.5+


Significant Dickson Realty Sales in 2017

SOLD $3,400,000

Montrêux

Seller Representation by Brooke Sullivan, 775-849-9444 & Buyer Representation by Rob Wonhof, 775-849-9444

SOLD $2,375,000

SW Reno

SOLD $2,125,000

Montrêux

SOLD $1,850,000

Montrêux

Seller Representation by Joseph Wieczorek, 775-335-5962

Seller Representation by Don Dees, 775-742-0669

Seller Representation by Rob Wonhof, 775-849-9444 & Buyer Representation by Carlee Ferrari, 775-284-3133

SOLD $2,500,000

SW Reno

SOLD $2,295,000

Montrêux

SOLD $1,998,000

Pecetti Ranch

Seller Representation by Diana Renfroe, 775-843-0777

Seller Representation by Monica Gore, 775-849-9444 & Buyer Representation by Louise Simpson, 775-750-1901

Seller Representation by Monica Gore, 775-849-9444

SOLD $1,800,000

Arrowcreek

Seller Representation by Christine Fuetsch, 775-284-3107


Significant Dickson Realty Sales in 2017

SOLD $1,734,829

Montrêux

SOLD $1,685,000

Arrowcreek

SOLD $1,658,000

Montrêux

SOLD $1,650,000

Arrowcreek

Seller Representation by Monica Gore, 775-849-9444 & Buyer Representation by Bonnie Beck, 775-846-7964

Seller Representation by Rob Wonhof, 775-849-9444 & Buyer Representation by Brooke Sullivan, 775-849-9444

Seller Representation by Clay Alder, 775-745-5708 & Buyer Representation by Amy DeBaun, 775-300-8654

Seller Representation by Wayne Marken, 775-722-7763

SOLD $1,650,000

Saddlehorn

SOLD $1,600,000

Montrêux

SOLD $1,600,000

SW Suburban Reno

SOLD $1,550,000

Montrêux

Seller Representation by Colleen Barrett, 775-848-5587

Seller Representation by Bonnie Beck, 775-846-7964 & Buyer Representation by Kevin Bown, 775-813-2387

Seller Representation by Brooke Sullivan, 775-849-9444

Seller Representation by Brooke Sullivan, 775-849-9444


Significant Dickson Realty Sales in 2017

SOLD $1,485,000

SW Suburban Reno

Seller Representation by Bonnie Lowder, 775-722-1686

SOLD $1,389,999

Old SW Reno

Seller Representation by M.C. Pierson, 775-742-9442

SOLD $1,365,000

Montrêux

SW Reno

SOLD $1,330,000

Montrêux

Eagles Nest

SOLD $1,300,000

Montrêux

Arrowcreek

Seller Representation by Beau Keenan, 775-338-3388

SOLD $1,350,000

Seller Representation by Lori Welsh, 775-771-6574

SOLD $1,325,000

SOLD $1,400,000

Seller Representation by Diana Renfroe, 775-843-0777 & Buyer Representation by Lori Welsh, 775-771-6574

Seller Representation by Rob Wonhof, 775-849-9444 & Buyer Representation by Rob Wonhof

Seller Representation by Rob Wonhof, 775-849-9444

Seller Representation by Douglas Gore, 775-843-2888 & Buyer Representation by Monica Gore, 775-849-9444


Significant Dickson Realty Sales in 2017

SOLD $1,299,000

SW Suburban Reno

SOLD $1,260,000

Old So Suburban Reno

SOLD $1,250,000

Montrêux

SOLD $1,199,000

SW Reno

Seller Representation by Carlee Ferrari, 775-284-3133

Seller Representation by Jeff Giesler, 775-850-7000

Seller Representation by Rebecca Dickson, 775-284-3044

Seller Representation by Lori Welsh, 775-771-6574

SOLD $1,291,875

Seller Representation by Carol Bond, 775-690-1870

Arrowcreek

SOLD $1,250,000

Old SW Reno

SOLD $1,225,000

Eagles Nest

Seller Representation by Joseph Wieczorek, 775-335-5962 & Buyer Representation by Rebecca Dickson, 775-284-3044

Seller Representation by Donna Luchetti, 775-284-3035

SOLD $1,199,000

Montrêux

Seller Representation by Brooke Sullivan, 775-849-9444


Significant Dickson Realty Sales in 2017

SOLD $1,185,000

Old So Suburban Reno

SOLD $1,175,000

Montrêux

SOLD $1,150,000

Arrowcreek

SOLD $1,125,000

Eagles Nest

Seller Representation by Rebecca Dickson, 775-284-3044

Seller Representation by Louise Simpson, 775-750-1901

Seller Representation by Scott Shandrew, 775-850-3113

Seller Representation by M.C. Pierson, 775-742-9442

SOLD $1,180,000

Montrêux

SOLD $1,150,000

SW Suburban Reno

SOLD $1,145,000

Fieldcreek

SOLD $1,110,000

SW Reno

Seller Representation by Brooke Sullivan, 775-849-9444 & Buyer Representation by Monica Gore, 775-849-9444

Seller Representation by Chris Whitney, 775-772-2253 & Buyer Representation by Chris Whitney

Seller Representation by Diana Renfroe, 775-843-0777 & Buyer Representation by Colleen Capurro, 775-284-3054

Seller Representation by Tori King, 775-250-1306 & Buyer Representation by Margie Wonhof, 775-750-5098


Significant Dickson Realty Sales in 2017

SOLD $1,100,000

Arrowcreek

Seller Representation by Carol Bond, 775-690-1870 & Buyer Representation by Louise Simpson, 775-750-1901

SOLD $1,090,000

Arrowcreek

Seller Representation by Joseph Wieczorek, 775-335-5962

SOLD $1,085,000

Arrowcreek

SOLD $1,075,000

Arrowcreek

SOLD $1,065,000

Arrowcreek

SOLD $1,049,000

Arrowcreek

Seller Representation by Carol Bond, 775-690-1870

Seller Representation by Carol Bond, 775-690-1870 & Buyer Representation by Carol Bond

Seller Representation by David Hughes, 775-771-1783

Seller Representation by Margie Wonhof, 775-750-5098

Dickson Realty is consistently ranked as one of the largest and most successful real estate companies in the country by REAL Trends 500 and RIS Media Big Broker reports. Our agents are recognized in REAL Trends Best Agents in America and are among The Thousand, a listing of the top agents in the nation. Our award-winning website is a multi-year recipient of the Leading Real Estates of the World Website Quality Certification for demonstrating best practices in website design and internet communications.


Current Dickson Luxury Listings Click on the MLS number to view each listing online.

170005579 6825 DE CHARDIN LANE Louise Simpson 775-750-1901

$3,939,393

$2,550,000 5865 LAUSANNE Rob Wonhof

$2,545,000 5850 LAUSANNE DRIVE Rob Wonhof

$4,499,000

$2,395,000 6105 LAKE GENEVA Louise Simpson

170006674 775-849-9444

170003355 775-750-1901

$1,950,000 160014402 1950 HOLCOMB RANCH LANE Joyce Trombley 775-287-4901

430 ANITRA Troy Browning

140015612 775-232-4509

170011072 775-849-9444

$3,750,000 20203 BORDEAUX DR. Brooke Sullivan

$1,950,000 1180 W PECKHAM Joseph Wieczorek

$1,949,500 120 W WILLIS Joseph Wieczorek

$1,875,000

775-335-5962

775-849-9444

$2,499,900 170014216 5260 CROSS CREEK LANE Christine Fuetsch 775-284-3107

$1,995,000 170006666 2125 GREENSBURG CIRCLE Susie McQuaid 775-284-3135

170001473

170003823

3305 MARIO ROAD Clay Alder

170009404 775-335-5962

140012423 775-745-5708


Current Dickson Luxury Listings Click on the MLS number to view each listing online.

$1,799,000 170014539 70 BEAR MOUNTAIN PLACE Jan Peck 775-284-3033

$1,785,000 170005936 2565 OLD WAVERLY COURT Diana Renfroe 775-843-0777

$1,745,000

$1,685,000 16775 MAGGIE CIRCLE Rebecca Dickson

$1,540,000 20612 CHANSON WAY Brooke Sullivan

$1,535,000 160005737 10398 COPPER CLOUD DRIVE Clay Alder 775-745-5708

$1,499,000 6864 MASTERS DRIVE J.P. Menante

$1,400,000

125 GREENRIDGE Marilyn Johnson

170003236 775-284-3044

160009023 775-691-9831

170013693 775-284-3113

150005814 775-849-9444

160010307 2500 OLD RANCH ROAD Larissa Osborn 775-848-6579

$1,495,000 160017130 3670 SPIRIT BLUFF COURT M.C. Pierson 775-742-9442

$1,425,000 20525 LATOUR Monica Gore

$1,399,000 2400 MOUNTAIN SPIRIT J.P. Menante

$1,399,000 3885 BOULDER PATCH Diane Macdonald

170014028 775-691-9831

170014680 775-849-9444

170011911 775-742-2343


Current Dickson Luxury Listings Click on the MLS number to view each listing online.

$1,390,000

170005616 74 BENNINGTON COURT Cathy Lancaster 775-830-6565

$1,375,000

$1,345,000

170007602 1015 TAOS RANCH COURT Diana Renfroe 775-843-0777

$1,299,000 4820 BUCKHAVEN RD Bonnie Lowder

$1,299,000 5095 W ACOMA ROAD Lori Welsh

2575 KINNEY J.P. Menante

$1,275,000 6465 MONTREUX LN Rob Wonhof

170008236 775-771-6574

170010551 775-849-9444

15 PRONGHORN CT. M.C. Pierson

$1,289,000

$1,265,000 20605 PARC FORET DR Brooke Sullivan

170008098 775-742-9442

170008194 775-722-1686

170009339 775-691-9831

170014440 775-849-9444

$1,350,000 16860 SALUT COURT Louise Simpson

$1,311,440 1220 SPRINGER COURT Dee McNeely

170013126 775-750-1901

170005997 775-830-7000

$1,285,000

170013360 5640 DE MAITRE COURT Rebecca Dickson 775-284-3044

$1,250,000 88 SMITH GAGE RD. Tim Beaupre

170011646 775-720-3122


Current Dickson Luxury Listings Click on the MLS number to view each listing online.

$1,250,000

$1,229,000 5160 BELSERA Carlee Ferrari

775-284-3133

170008250 15040 N TIMBERLINE DRIVE Marilyn Minor 775-284-3031

$1,150,000

170014420

$1,119,000

$1,149,000 170002890 62 E LIGHTNING W RANCH ROAD Mandie Jensen 775-287-6496

3605 FROST LANE Teri Shields

170006747 775-771-4694

$1,150,000

16925 DELACROIX Brooke Sullivan

170009752 775-849-9444

14522 QUAIL ROCK CT Troy Browning

170006749

775-232-4509

$1,199,000

306 E JEFFREY PINE Louise Simpson

170012768 775-750-1901

$1,149,995

170005731 1760 SHARPE HILL CIRCLE David Hughes 775-771-1783

$1,125,000 16845 RUE DU PARC Monica Gore

170014593 775-849-9444


Current Dickson Luxury Listings Click on the MLS number to view each listing online.

$1,100,000

170012730 5700 CEVENNES COURT Chris Whitney 775-772-2253

$1,099,000

$998,000 170000910 2745 SPINNAKER DRIVE Rebecca Dickson 775-284-3044

$1,045,000

3450 DAVIS LANE Cathy Hamel

170007069 775-224-1957

$1,095,950

170010135

3050 BLUE SPRUCE Joseph Wieczorek

775-335-5962

170013641 4101 WHISPERING PINE LOOP Larissa Osborn 775-848-6579

7

As soon as your luxury home is listed in the Multiple Listing Service (MLS), it will receive premium exposure on DicksonRealty.com, the region’s Number 1 real estate website


CAUGHLIN RANCH 775.746.7000

DAMONTE RANCH 775.850.7000

TRUCKEE 530.587.7444

SOMERSETT 775.746.7222

DONNER LAKE 530.587.4811

MONTRÊUX 775.849.9444

PORTOLA 530.832.1700

SPARKS 775.685.8800

DOWNTOWN 775.324.7000

NAKOMA 530.322.3320

DicksonLuxury.com | luxury@dicksonrealty.com

© 2017 Dickson Realty. All rights reserved. Although the information above is deemed reliable, Dickson Realty does not guarantee its accuracy. If your property is currently listed for sale, this is not intended to be a solicitation.

Dickson Realty Luxury Trends - Reno/Sparks Q3 2017  
Dickson Realty Luxury Trends - Reno/Sparks Q3 2017