Luxury Trends: 2nd Quarter 2023

LUXURY TRENDS 2nd Quarter, 2023

DicksonLuxury.com

Hot Summer Sparks Northern Nevada's Luxury Real Estate Market 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.

COVER HOME:

830 Tyner Way, Incline Village, NV $9,999,800 MLS# 230006751

— Vice President, Luxury Division

Reno-Sparks Luxury Market Snapshot Over $2 Million* 2023 vs. 2022 JAN-JUN

2023

-17.9%

-3.4%

1.4%

30.2%

2022

TOTAL HOMES SOLD

AVERAGE SOLD PRICE

AVERAGE PRICE PER SF

AVERAGE DAYS ON MARKET

Reno/Sparks Sales Over $2 Million*

2023: 46 2022: 56

2023: $2,801,280 2022: $2,900,564

2023: $593.08 2022: $584.78

2023: 138 2022: 106

vs.

JAN-JUN

*Source: Northern Nevada Multiple Listing Service (NNRMLS) residential volume for transactions over $2 million in all Reno/Sparks areas (Area 100), January 1 - June 30, 2023, as of 07/05/2023

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

4,700 offices

$586 Billion

total annual home sales volume

136,000 sales associates

70+

countries

550

companies

6

spanning continents

Top 5 Luxury Real Estate Companies 2023 Market Share for Reno/Sparks Homes Sold Over $2 Million*

DICKSON REALTY

34.4% 7.9%

Ferrari-Lund Chase International

6.3% 7.9%

eXp Realty Ferrari-Lund

5% 6.4%

RE/MAX International ChaseProfessionals eXp Realty

6.3%

29.3%

Dickson Realty market share for Reno/Sparks Professionals RE/MAX homes sold over $1 million in 2023

5%

Luxury Home Sales By Month

2023 80 2022

Over $1 Million* 2023 vs. 2022 68

60

DICKSON REALTY

34.4% 6.4%

68 64

80

61

61

64

60

55 68

# OF UNITS SOLD

49 40

60

61

39

61 44

64

64

44

60

38

55 36

34

49

68

38

39

39 36

44

44

40

20

39

16

34

15

38

36

38

44

39

36

39

39 30

30

30

30

44

39 36

36

39

39

20

0

16

Jan

15 Feb

Mar

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov

Dec

Mar

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov

Dec

0

Jan

Feb

*Source: Northern Nevada Multiple Listing Service (NNRMLS) residential volume for transactions over $1 million in all Reno/Sparks areas (Area 100), January 1 - June 30, 2023, as of 07/05/2023

Luxury Homes By Price Range

ACTIVE as of 6/30/2023

SOLD Jan - Jun 2023

Over $1 Million* In Reno/Sparks 100

100

85

# OF ACTIVE & SOLD

80

85

80 60

58 53 60 40

48

58 53

48 30

40

26

20

30

17 26

13

7

13

13

20

12

17

0

$1.0$1.3

$1.3$1.6

$1.6$1.9

13

$1.0$1.3

$1.3$1.6

$1.6$1.9

$1.9$2.2

$1.9$2.2

13 7 $2.2-

13

$2.5

12 $2.5$3.0

$2.2-

$2.5-

9

6

9

9 10

4

8 3

9

4

0

0 8

$3.0-6 $3.5

$3.510 4 $4.0

$4.0$5.03

4

$5.0$6.00

$6.0+

$3.0-

$3.5$4.0

$4.0$5.0

$5.0$6.0

$6.0+

0

MILLIONS $ $3.0OF $3.5 $2.5

0

Months of Inventory

Q2 Jan - Jun 2023

Over $1 Million* In Reno/Sparks

Q2 Jan - Jun 2022

100

97.3

100

97.3

MONTHS OF INVENTORY

80

80 60

60 40

30.4

40

27.4

20

16.2 30.4

20

3.6

0

0

1.3

6.6

1.2

6.6

1.3

4.8

12.2 1.1

2.9 3.8

7.9

2.4

6.1

27.4 3.0

2.4

0

4.1

$1.0$1.31.3

6.6 $1.6 1.2

$1.6-

6.6 $1.9 1.3

$1.94.8 $2.2 1.1

3.8 2.9 $2.5

$2.52.4 $3.0

12.2

3.6

7.9

$3.06.1 $3.5

$3.53.0 $4.0

$4.02.4 $5.0

4.1 0$6.0

$1.0$1.3

$1.3$1.6

$1.6$1.9

$1.9$2.2

$2.2$2.5

$2.5$3.0

$3.0$3.5

$3.5$4.0

$4.0$5.0

$5.0$6.0

$1.3-

$2.2-

$5.0-

16.2

$6.0+ $6.0+

*For perspective, this is only 8 homes

MILLIONS OF $ *Source: Northern Nevada Multiple Listing Service (NNRMLS) residential volume for transactions over $1 million in all Reno/Sparks areas (Area 100), January 1 - June 30, 2023, as of 07/05/2023

INCLINE VILLAGE MARKET SNAPSHOT

Incline Incline Village/Crystal Village/Crystal Bay Bay Incline Village/Crystal Bay Incline Village/Crystal Bay Single Family Single Homes Family Homes - 2nd Quarter - 2nd Quarter 2023 vs.2023 2nd Quarter vs. 2nd Quarter 2022 2022 Single Family Homes - 2nd Quarter 2023 vs. 2nd Quarter 2022 Condos - March 2023 vs. March 2022

(Luxury (Luxury $2,000,000+) (Luxury$2,000,000+) $2,000,000+)

Units Units Sold UnitsSold Sold Available Condos 18 18 18 31 22 22 22 19 Median Price MedianMedian Price Price Median Price $4,000,000 $4,000,000 $4,000,000 $1,392,500 $4,900,000 $4,900,000 $4,900,000 $1,125,000 Average Average Sold Sold Price/Sqft.

Average SoldPrice/Sqft.

Price/Sqft.

Units Sold $1,168 $1,168 $1,168 4 $1,202 $1,202$1,202 12 Percent of of List Received Price Received PercentPercent ofList ListPrice Price Received Days on Market 96% 96% 96% 238 97.7% 97.7% 97.7% 30

2023 2022

UNITS UNITS SOLD UNITSSOLD SOLD AVAILABLE CONDOS

-18.2% -18.2% 63.2% FROM FROM YEAR FROMLAST LAST YEARLAST YEAR FROM LAST YEAR MEDIAN PRICE MEDIAN MEDIANPRICE PRICE MEDIAN PRICE

-18.4% -18.4% 23.8% FROM FROM YEAR FROMLAST LAST YEARLAST YEAR FROM LAST YEAR UNITS SOLD UNITS UNITSSOLD SOLD UNITS SOLD

-2.8% -2.8% -66.7% FROM FROM YEAR FROMLAST LAST YEARLAST YEAR FROM LAST YEAR

100% 100% 100% %%OF % OF ASK RECIEVED OFASK ASKRECIEVED RECIEVED

-1.7% -1.7% 706.8% DAYS ON MARKET

FROM FROM YEAR FROMLAST LAST YEARLAST YEAR FROM LAST YEAR

Source: Village Incline VillageCopyright REALTORS®.

2023 Copyright Dickson 2023 All Realty.

Reserved All Rights Reserved Source:Incline InclineSource: VillageREALTORS®.

REALTORS®.

Copyright 2023 DicksonRealty.

Realty.Dickson AllRights Rights Reserved Source: Incline Village REALTORS®. Copyright 2023 Dickson Realty. All Rights Reserved *Source: Incline Village REALTORS® (IVR) residential volume for transactions over $2 million in Incline Village & Crystal Bay areas, January - June, 2022 & 2023

Incline Incline Village/Crystal Village/Crystal Bay Bay Incline Village/Crystal Bay Incline Village/Crystal Bay CondosCondos - 2nd Quarter - 2nd Quarter 2023 vs.2023 2nd vs.

Quarter 2nd Quarter 2022 2022 Condos - 2nd Quarter 2023 vs. 2nd Quarter 2022 Condos - March 2023 vs. March 2022

(Luxury (Luxury $1,000,000+) (Luxury$1,000,000+) $1,000,000+)

Units Units Sold Units Sold Sold Available Condos 6 66 31 44 4 19 Median Price MedianMedian Price Price Median Price $1,222,000 $1,222,000 $1,222,000 $1,392,500 $2,650,000 $2,650,000 $2,650,000 $1,125,000 Average Average Sold Sold Price/Sqft.

Average Sold Price/Sqft.

Price/Sqft.

Units Sold $784 $784 $784 4 $898 $898 $898 12 Percent of of List Received Price Received PercentPercent of List List Price Price Received Days on Market 97.8% 97.8% 97.8% 238 94.6% 94.6% 94.6% 30

2023 2022 UNITS UNITS SOLD UNITSSOLD SOLD AVAILABLE CONDOS

50%50% 63.2%

FROM FROM YEAR FROMLAST LAST YEARLAST YEAR FROM LAST YEAR MEDIAN PRICE MEDIAN MEDIANPRICE PRICE MEDIAN PRICE

-53.9% -53.9% 23.8% FROM FROM YEAR FROMLAST LAST YEARLAST YEAR FROM LAST YEAR UNITS SOLD UNITS UNITSSOLD SOLD UNITS SOLD

-12.7% -12.7% -66.7% FROM FROM YEAR FROMLAST LAST YEARLAST YEAR FROM LAST YEAR

100% 100% 100% %%OF % OF ASK RECIEVED OFASK ASKRECIEVED RECIEVED

3.4% 3.4% 706.8% DAYS ON MARKET

FROM FROM YEAR FROMLAST LAST YEARLAST YEAR FROM LAST YEAR

Source: Village Incline VillageCopyright REALTORS®.

2023 Copyright Dickson 2023 All Realty.

Reserved All Rights Reserved Source:Incline InclineSource: VillageREALTORS®.

REALTORS®.

Copyright 2023 DicksonRealty.

Realty.Dickson AllRights Rights Reserved Source: Incline Village REALTORS®. Copyright 2023 Dickson Realty. All Rights Reserved *Source: Incline Village REALTORS® (IVR) residential volume for transactions over $2 million in Incline Village & Crystal Bay areas, January - June, 2022 & 2023

Reno Public Market

Can Tell Us the Past, Present, and Future of Reno’s Economy 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.

The History of Reno Public Market 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.

The Economic Vision 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.

Copyright – Jeramie Lu Photography | www.JeramieLu.com

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 Economic Vision 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.

Copyright – Jeramie Lu Photography | www.JeramieLu.com

830 Tyner Way – Incline Village, Nevada 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

PENDING

95 Bear Mountain Place – Reno, Nevada 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

PENDING

6755 Franktown Road – Washoe Valley, Nevada 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

7400 Tunnel Creek – Washoe Valley, Nevada Offered at $5,400,000

A secluded retreat on five acres in the historic and scenic Franktown area of Washoe Valley with the backdrop of the Sierras and Toiyabe National Forest. Sophisticated, contemporary, architecture and design.

True craftsmanship of construction with the highest quality of materials and meticulous attention to detail.

Rebecca Dickson 775-742-2120

Nancy Fennell 775-691-2674

13425 Welcome Way – Reno, Nevada 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

605 Deer Mountain Road – Verdi, Nevada 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

1230 Broken Feather Court – Reno, Nevada 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

4105 Old US 395 – Washoe Valley, Nevada 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

1860 North Winnie Lane – Carson City, Nevada 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

5675 Alpinista Circle – Reno, Nevada 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

PENDING

5108 Bordeaux – Reno, Nevada 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

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

PE N

$9,999,800 830 Tyner Way

230006751

Erik Sesma & Karen Bruno , 775-298-9754

$6,750,000

95 Bear Mountain Place

170 Hawken Road

$5,400,000

7400 Tunnel Creek Road

$3,900,000

605 Deer Mountain Road

230007308

$5,650,000

220007969

$4,495,000

230006433

$3,600,000

Rebecca Dickson , 775-742-2120

Rebecca Dickson , 775-742-2120

The Keenan Group , 775-846-9726

6755 Franktown Road

13425 Welcome Way

1230 Broken Feather Court

N

G

220016132

Kathie Bartlett , 775-741-5675

PE N

$5,850,000

DI

DI

N

220012732

Rebecca Dickson , 775-742-2120

220014402

Jay Kenny , 775-848-6549

230006498

Sullivan Neal Luxury , 775-849-9444

G

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

$3,585,000 4105 Old US 395

230007487

Rebecca Dickson , 775-742-2120

$3,500,000

1860 North Winnie Lane

220015760

Christina Rice , 775-220-6281

PE N

$3,255,000

5675 Alpinista Circle

$2,995,000

5945 Chambery Circle

$2,955,000

6149 Triple Crown Drive

230003081

$3,200,000

230007675

$2,995,000

230002091

$2,950,000

Sullivan Neal Luxury , 775-849-9444

Kellen Flanigan , 310-710-4016

Rebecca Dickson , 775-742-2120

5108 Bordeaux

855 Lake Country Drive

5192 Bordeaux Court

DI

N

210012623

Sullivan Neal Luxury , 775-849-9444

1013712

Laura Beck , 775-742-4093

210018199

Sullivan Neal Luxury , 775-849-9444

G

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

PE N

$2,870,000 5132 Bordeaux

DI

N

G

$2,800,000

210012626

Sullivan Neal Luxury , 775-849-9444

20805 Parc Foret Court

230007865

Sullivan Neal Luxury , 775-849-9444

PE N

$2,795,000

10305 Dryden Drive

PE N

$2,685,000 5144 Bordeaux

5180 Bordeaux Court

DI

N

20840 Parc Foret Court

G

$2,665,000

210012627

DI

N

220000652

Sullivan Neal Luxury , 775-849-9444

5775 Nordend Way

N

210015773

DI

N

230006594

Sullivan Neal Luxury , 775-849-9444

G

$2,600,000

14255 Table Rock Court

G

Sullivan Neal Luxury , 775-849-9444

PE N

Sullivan Neal Luxury , 775-849-9444

PE N

$2,630,000

$2,750,000

230005843

Joseph Wieczorek , 775-335-5962

DI

230006730

Anne Lichty , 775-750-3000

G

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

$2,600,000

585 Village Boulevard

PE N

$2,550,000

20845 Parc Foret Court

$2,575,000

1013818

Karen Bruno , 775-232-4109

DI

N

724 Canter Way

230004725

Maxwell Giesler , 775-530-8366

PE N G

$2,470,000

210002412

Sullivan Neal Luxury , 775-849-9444

5156 Bordeaux Court

857 Jennifer

PE N

$2,390,000

5168 Bordeaux Court

$2,450,000

230007082

Mary Reimer , 775-742-7020

DI

N

210014471

Sullivan Neal Luxury , 775-849-9444

5120 Bordeaux

$2,350,000

566 Socorro Court

G

210014473

DI

N

G

210012625

Sullivan Neal Luxury , 775-849-9444

PE N G

N

Sullivan Neal Luxury , 775-849-9444

PE N

$2,450,000

DI

DI

N

220016951

Anne Lichty , 775-750-3000

G

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

PE N

$2,300,000

3664 Spirit Bluff Court

$2,200,000

5400 Brookmeadow Lane

20820 Parc Foret Court

20825 Parc Foret Court

G

220014556

$2,250,000

230006194

$2,199,000

4025 Mules Ear Court

Kathy Leggett , 775-287-8620

DI

N

640 Oxbow Court

G

$2,150,000

200016213

DI

N

210002413

Sullivan Neal Luxury , 775-849-9444

20800 Parc Foret

DI

N

230006500

230005176

Karen Bruno , 775-232-4109

DI

N

200015391

Sullivan Neal Luxury , 775-849-9444

G

$2,127,000

6110 South Pleasant Oak Trail

G

Carol Bond , 775-690-1870

PE N

Sullivan Neal Luxury , 775-849-9444

PE N

$2,130,000

N

PE N

Sonja Leonard , 775-848-0129

PE N

$2,170,000

DI

230003652

Heather Houston , 828-489-8124

G

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

PE N

$2,100,000

72 Caballada Street

$2,075,000

10212 Via Verona

230007923

$2,100,000

230007902

$1,995,000

Heather Houston , 828-489-8124

66 Caballada Street

Carol Bond , 775-690-1870

65 Caballada Street

71 Caballada Street

PE N

$1,960,000

34 Campolina Street

$1,960,000

230007924

Heather Houston , 828-489-8124

DI

N

220003404

Heather Houston , 828-489-8124

32 Campolina Street

$1,925,000

63 Caballada Street

G

220006728

230004764

Heather Houston , 828-489-8124

DI

N

G

220003410

Heather Houston , 828-489-8124

PE N G

N

Heather Houston , 828-489-8124

PE N

$1,995,000

DI

DI

N

220003006

Heather Houston , 828-489-8124

G

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

PE N

$1,890,000

4405 Slide Mountain Drive

$1,890,000

230003041

Joseph Wieczorek , 775-335-5962

13345 West Saddlebow Drive

7035 Quail Rock Lane

$1,850,000

22 Persano Street

230004610

$1,850,000

220014611

$1,850,000

Monica Gore , 775-742-1555

Heather Houston , 828-489-8124

PE N

$1,850,000

5660 Mont Pelier Court

6400 Zermatt Court

DI

N

230006648

Chris Whitney , 775-772-2253

14 Persano Street

$1,849,000

20625 Parc Foret Drive

G

230005697

DI

N

G

230006329

Lisa Moffitt , 775-530-5092

220016999

Heather Houston , 828-489-8124

PE N G

N

Darlene Sharpe , 775-338-4102

PE N

$1,875,000

DI

DI

N

230004890

Sullivan Neal Luxury , 775-849-9444

G

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

PE N

$1,839,000

1430 River Hill Way

PE N

$1,810,000

33 Campolina Street

1577 Casey Ranch Drive

DI

N

35 Campolina Street

$1,795,000

220003408

DI

N

220011759

Joseph Wieczorek , 775-335-5962

1360 Wolf Run Road

230007486

Maxwell Giesler , 775-530-8366

G

230002199

Heather Houston , 828-489-8124

4900 Canyon Drive

230004763

Marilyn Minor , 775-284-3031

PE N G

$1,725,000

825 La Guardia Lane

$1,650,000

15275 Redmond Loop

DI

N

G

230004446

Cathy Lancaster , 775-830-6565

PE N

$1,650,000

N

G

Heather Houston , 828-489-8124

PE N

$1,790,000

$1,810,000

230003495

Lori Welsh , 775-771-6574

DI

DI

N

230005978

Richard Berman , 775-450-1940

G

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

PE N

$1,649,995

5421 Side Saddle Trail

$1,619,000

14820 Parisian Court

1149 Kingston Lane

$1,523,000

13510 Tremolite Drive

N

G

230004470

$1,625,000

230002276

$1,599,000

Heather Houston , 828-489-8124

16455 Bonnie Lane

Kathy Leggett , 775-287-8620

PE N

$1,550,000

DI

DI

N

6360 Wetzel Court

$1,550,000

230005583

$1,499,950

Bailey Wong , 775-848-2255

230005111

Sullivan Neal Luxury , 775-849-9444

G

230007869

Kyle Wentz , 775-720-1981

230003930

Savannah Beauchemin , 775-291-2202

3430 West Plumb Lane

1745 Dakota Ridge Trail

230006462

J.D. Drakulich , 775-342-5883

230006524

Lori Welsh , 775-771-6574

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

$1,400,000

209 Waterman Court

230007320

Louise Simpson , 775-750-1901

$1,399,000

12325 Ocean View Drive

230004337

Jack Castella , 209-604-0208

PE N

$1,398,900

4990 Mountainshyre Road

$1,395,000

3641 Pinot Grigio Drive

$1,330,000

3100 Yellow Tail Road

230007783

Amanda Gunter , 775-525-1528

230007065

Beth Cooney , 775-544-6026

230005941

Annette Mansfield , 775-771-8093

$1,395,000

5619 Vista Terrace Lane

$1,395,000

4490 Plumas Street

$1,325,000

4951 Skyridge Lane

DI

N

230003375

Beth Nitz , 775-772-5616

230005892

Kayla Dalton , 775-525-4659

230006821

Felisa Cusimano-Martin , 775-250-8033

G

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

$1,295,000

605 Douglas Fir Drive

$1,295,000

2375 North Harbor Circle

$1,270,000 100 Burke Drive

230006316

$1,295,000

220012429

$1,288,000

230001922

$1,250,000

Marilyn Minor , 775-284-3031

Cathy Hamel , 775-224-1957

2350 Trail Ridge Court

3521 Cheechako Circle

Amanda Siebers , 775-450-6289

PE N

$1,250,000

16195 Clarence Jasmine Drive

DI

N

230003949

David Hughes , 775-771-1783

1851 Laurel Ridge Drive

230004192

Donna Fuller , 775-815-7250

230007954

Sarah Hughes , 775-741-4011

230001800

David Hughes , 775-771-1783

G

$1,200,000 100 Scott Court

220014228

Mary Mentaberry , 775-848-0361

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

PE N

$1,200,000

815 Flanders Road

5517 Western Rider Trail

200 Mugo Pine Circle

G

$1,199,000

230005906

DI

N

9137 Wild Skies

$1,188,800

DI

N

230006410

Joseph Wieczorek , 775-335-5962

2000 Vernon Drive

5560 Western Rider Trail

230007342

Heather Houston , 828-489-8124

G

DI

N

G

230003150

Jeffrey Loftin , 775-468-7325

G

$1,175,000

5780 Laurel Road

230004824

Kyle Wentz , 775-720-1981

PE N

$1,159,995

N

230002944

G

230004449

DI

Cathy Hamel , 775-224-1957

PE N

Heather Houston , 828-489-8124

PE N

$1,185,000

N

PE N

Clay Alder , 775-745-5708

PE N

$1,189,995

DI

$1,150,000

1655 Verdi Vista Court

DI

N

230004388

Ana Hooker , 775-671-8544

G

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

PE N

$1,149,990

2610 Strathmore Court

DI

N

G

$1,142,995

230005308

Justin Hertz , 775-223-7555

5548 Western Rider Trail

230007341

Heather Houston , 828-489-8124

PE N

$1,130,000

5790 Whiskey Springs Road

$1,100,000

335 Hillcrest Drive

230002566

$1,125,000

230005026

$1,093,995

Richard Berman , 775-450-1940

Savannah Beauchemin , 775-291-2202

PE N

$1,080,000

5548 Dapplegray Way

2290 Watt Street

DI

N

230004781

Heather Houston , 828-489-8124

5541 Western Rider Trail

DI

N

230006834

Carol Bond , 775-690-1870

230007339

Heather Houston , 828-489-8124

G

$1,069,995

5566 Western Rider Trail

230007346

Heather Houston , 828-489-8124

G

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

PE N

$1,050,000

24 Persano Street

PE N

$1,049,938

3491 Tillamook Court

68 Caballada Street

$1,032,995

5533 Western Rider Trail

DI

N

3207 Red Leaf Court

$1,049,000

230007810

DI

N

6436 Bonde Farms Lane

G

$1,040,000

230007959

$1,028,995

Heather Houston , 828-489-8124

G

230004001

Heidi McFadden , 775-232-4188

220007338

J.D. Drakulich , 775-342-5883

PE N

220006723

Heather Houston , 828-489-8124

N

G

Charles Johns , 775-750-8883

PE N

$1,040,000

$1,050,000

220014610

Heather Houston , 828-489-8124

DI

70 Caballada Street

5554 Western Rider Trail

DI

N

220006722

Heather Houston , 828-489-8124

230007344

Heather Houston , 828-489-8124

G

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

PE N

$1,015,000

69 Caballada Street

DI

N

220006720

Heather Houston , 828-489-8124

G

D n ssiizzee Yo YouurrHH Do ow wn oo mm e ,e , U ad dee Yo YouurrL L f.e .

Up pg gra i fi e D o w n s i z e Yo u r H o m e , U p g r a d e Yo u r L i f e .

Offered by: Dickson Realty, Heather Houston, Realtor, NV Lic# S.176629

Offered by: DicksonOffered Realty, Heather Houston, Realtor, NV Lic#Houston, S.176629Realtor, NV L by: Dickson Realty, Heather

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.

LUpgraded e a v e t h e H a scome s l e s o f H oluxury m e M a i ncomfort t e n a n c eprioritized, B e h i n d life is inspiring L e a v e tfeatures h e H a s s lstandard, e s o f H o mand e M a i n tare e n a n c e Band ehind with every season.

If you’re looking for the best in Reno living, this is it.

Call The Villas at Rancharrah is unlike any community in the Reno area. Tour it andHeather you’ll see.at 775-420-4292 visit TheVillasRancharrah.com to schedule a tour.

The Villasfeatures at or Rancharrah is unlike anyand community the Renoand area. it and you’ll see.

Upgraded come standard, luxury comfort arein prioritized, lifeTour is inspiring with every season.

If you’re for the best in Reno living, this it. Call Heather Upgraded features comelooking standard, luxury and comfort are isprioritized, andatlife is inspiring 775-420-4292 or visit TheVillasRancharrah.com schedule a tour. with every season.

If you’re looking for thetobest in Reno living, this is it. Call Heather at

775-420-4292 or visit TheVillasRancharrah.com to schedule a tour.

TRAVEL | NATUR AL WONDERSS

WHAT A WONDERFUL

WORLD Take a trip around the globe with seven sights springing straight from nature

By LISA KLEIN

106

T

he 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.

Aurora borealis 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.

A Aurora b ealis, Norway. stock.adobe.com borealis,

Luxury Portfolio Magazine || 107

Victoria Falls, Africa. stock.adobe.com

Victoria Falls 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.

108

Mount Everest, Nepal. stock.adobe.com

Mount Everest 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.

Guanabara Bay 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.

Guanabara Bay, Brazil. stock.adobe.com

Paricutín volcano 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.

Paricutín volcano, Mexico. shutterstock.com

Luxury Portfolio Magazine || 109

Great Barrier Reef There 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.

Great Barrier Reef, Australia. stock.adobe.com

Grand Canyon 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.

Grand Canyon, United States. stock.adobe.com

110

2nd Quarter Significant Sales

SOLD $5,000,000

Montreux

SOLD $3,313,000

Seller Representation Kathy Leggett, 775-287-8620

Buyer Representation Kathie Bartlett, 775-741-5675

Montreux

SOLD $3,250,000

Old South Suburban

SOLD $3,800,000

Montreux

SOLD $3,250,000

Incline Village

SOLD $3,425,000

Montreux

SOLD $2,825,000

Rancharrah

Seller & Buyer Representation Sullivan Neal Luxury, 775-849-9444

SOLD $4,150,000

Seller Representation Sullivan Neal Luxury, 775-849-9444

Seller Representation Sullivan Neal Luxury, 775-849-9444

Seller Representation Sullivan Neal Luxury, 775-849-9444

Buyer Representation M.C. Pierson, 775-742-9442

Seller Representation Joseph Wieczorek, 775-335-5962

Seller Representation Laura Beck, 775-742-4093

Seller Representation Shelby Manley, 775-300-9137

Southwest Foothills

2nd Quarter Significant Sales

SOLD $2,774,653

Montreux

SOLD $2,375,000

Somersett

SOLD $2,750,000

Saddlehorn

SOLD $2,375,000

Old Southwest Reno

SOLD $2,750,000

St. James Village

SOLD $2,242,271

Rancharrah

SOLD $2,495,000

Montreux

SOLD $2,220,000

Southwest Reno

Seller Representation Sullivan Neal Luxury, 775-849-9444

Seller & Buyer Representation Sullivan Neal Luxury, 775-849-9444

Seller Representation Louise Simpson, 775-750-1901

Seller Representation Ivy Cohen, 775-830-7821

Seller Representation Mandy Limbert, 775-453-8488

Seller Representation Rebecca Dickson, 775-742-2120

Seller Representation Heather Houston, 828-489-8124

Seller Representation Denise Fox, 775-742-6013

Buyer Representation Mandy Limbert, 775-453-8488

2nd Quarter Significant Sales

SOLD $2,190,000

Old South Suburban

SOLD $2,000,000

Mountaingate

Seller Representation Clay Alder, 775-745-5708

Seller Representation Lori Welsh, 775-771-6574

SOLD $2,175,000

Seller Representation Joseph Wieczorek, 775-335-5962

Juniper Estates

Buyer Representation Chris Whitney, 775-772-2253

DOWNTOWN RENO 775.324.7000 CARSON CITY 775.882.6300

CAUGHLIN RANCH 775.746.7000 GARDNERVILLE 775.882.6300

DAMONTE RANCH 775.850.7000 INCLINE VILLAGE 775.831.6600

SOMERSETT 775.746.7222 TRUCKEE 530.587.7444

MONTRÊUX 775.849.9444

SPARKS 775.685.8800

PORTOLA 530.832.1700

NORTHSTAR 530.562.1140

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NV Lic#: B.0019733CORP © 2023 Dickson Realty. All rights reserved. Although the information above is deemed reliable, Dickson Realty does not guarantee its accuracy. Some rights reserved.