Nevada Tax Climate Tops the Nation

Posted by Jackie Latragna on Wednesday, November 10th, 2021 at 9:01am

Where has 2021 disappeared to? Suddenly the holidays are just around the corner and we are prepping for ski season amidst the changing fall colors. Our team would like to share the latest Reno-Tahoe luxury housing market trends (including Q3) with detailed specifics and statistics.

Read on for all of the latest details!

What's Ahead for Luxury Sales:

  • This year to date, we have seen a frantic pace of listings and offers in our market because of the lack of inventory, the number of people moving into our area, favorable interest rates, and certainly Nevada's tax environment.
  • In September, 56 luxury homes sold in the Reno/Sparks area for more than the listing price, representing 39.29% of all luxury sales. The average amount paid over the listing price in September was $91,695.
  • In the months January through September, 2020, Dickson has sold 209 luxury properties representing 107.66% increase in year-over-year sales. 
  • Everything we are reading is stating home prices will continue to rise, but the pace of price increases will start to slow down a bit from the pace earlier this year.

Click here to read the Dickson Realty Q3 2021 Luxury Trends Report.

Nevada Top in Business Facilities

The 17th Annual Metro Ranking Report by Business Facilities named Nevada as the seventh state with the best business tax climate. The company specializes in economic development and site selection information, also naming the Silver State in the top ten for several other business categories, including population growth and renewable energy. Reno itself ranked high as an attractive work destination for millennials.

One of the key advantages of Nevada is its business-friendly tax structure and has been a huge factor in attracting companies to the state. The greater Reno-Sparks metro area attracted 17 corporate headquarters to the region last year despite being in the midst of a pandemic.

Click here to read on.

Best Business Tax Climate

  1. Wyoming
  2. South Dakota
  3. Alaska
  4. Florida
  5. Montana
  6. New Hampshire
  7. Nevada
  8. Utah
  9. Indiana
  10. North Carolina

Fastest-Growing States

  1. Idaho
  2. Nevada
  3. Arizona
  4. Utah
  5. Texas
  6. South Carolina
  7. Washington
  8. Colorado
  9. Florida
  10. North Carolina

Renewable Portfolio Standards

  1. Maine
  2. New York
  3. Washington
  4. California
  5. Nevada
  6. New Mexico
  7. Virginia
  8. Hawaii
  9. Colorado
  10. Vermont

Best Metros for Millennials

  1. Hartford, Conn.
  2. Raleigh, N.C.
  3. Boise, Idaho
  4. Huntsville, Ala.
  5. Providence, R.I.
  6. Tucson, Ariz.
  7. Shreveport, La.
  8. Charleston, S.C.
  9. Reno, Nev.
  10. Augusta, Ga.


2021 Sales Summary

*These figures represent sales from 1/1/21 - 11/3/21. Thank you to every single client that has worked with us in 2021!

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