The Q1 2020 Luxury Market Report just dropped. (Our beautiful listing at 5635 Foret Circle was featured on the cover!) In anticipation of what was poised to be a busy spring season, the first quarter of 2020 started out strong, with robust sales and healthy statistics in the luxury sector. To read the report in its entirety, please click here. 

"What a difference a few weeks has made. I fear the next quarterly report will not be as strong, but people remain driven to buy and sell real estate for many reasons. Under very careful health procedures and protocols, we are still assisting people to do so. I do believe once we are through this terrible health crisis, we will return to a strong economy. I dream of recovery for all, not knowing how long it

As we are all adjusting to a temporary "new normal" with COVID-19, our team thought it would be fun to do a light-hearted interview. Nestle in, grab your favorite snack, and join us for a little Q&A. 

What is the best silver lining with the additional time at home?

Brooke Sullivan: Spending time with my family. Getting to enjoy my daughters without being in a rush to fit it all in. 

Rob Wonhof: Time for continuing education and it can all be done virtually (instead of half live classes).  I am going to start any minute now!

Monica Gore: Being able to spend quality time with my children without distraction. They really love the additional attention I'm giving them and that makes us all happy. 

Heather Neal: My daughter is

Winter Greetings from the Sullivan-Wonhof-Gore Luxury Real Estate Team! Everywhere you look, you see Reno bursting with growth. While it's certainly an exciting time for our region, our housing market has seen a distinct shift in supply and demand. We are currently experiencing an all-time low for inventory, which makes for an appealing time to take advantage of this Seller's Market. Join us for a quick read as we share the latest market report, industry updates, and neighborhood listings.

The Year-End 2019 Luxury Market Report just dropped. We saw positive momentum in all categories; notably, the Average Days on Market saw a significant decrease of nearly 14% with 170 days in 2019. To read the report in its entirety, please click here. 

Our Biggest Little City just got some big national attention. An article recently published on Business Insider named Reno as one of the best real estate markets to make a profit or invest in property over the next 10 years.

The financial and business news website interviewed real estate agents and housing experts, who narrowed down their list to a Top 15. Reno and Las Vegas were the only two cities to represent their state more than once.

Here’s the full list (which was presented in no particular order):

•       Long Island City, New York
•       Kapolei, Hawaii
•       Leland, North Carolina
•       Oakland, California
•       Reno, Nevada
•       Vancouver, British Columbia
•       Austin, Texas
•       Nashville, Tennessee

Photo courtesy of Montreux Golf & Country Club

The 3rd Quarter Luxury Trends Report just dropped! We saw positive momentum in all categories, with the "Total Homes Sold" down by literally just one transaction year-over-year. To read the report in its entirety, please click here. 

"It's an exciting time to live in Northern Nevada and witness the economic growth and prosperity that is occurring."

The stats below represent all Montrêux real estate sales activity from January 1, 2019 to-date.

HOME

Home Sales: 36

Average Price: $1,992,646

Average Price-Per-Square-Foot: $428.37

Highest Home Sale: $4,750,000

Current "Pending" Homes: 12

LOTS

Lot Sales: 11

Average Price: $370,909

Highest Lot Sale: $550,000

"Home Means Nevada" is not only the regional anthem for Nevada, but also a fitting phrase for our real estate industry. When clients choose to relocate to the Silver State, we are thrilled to welcome them with open arms and share the bounty that our beautiful area has to offer.

That's why we are delighted to partner with local businesses for our custom "Home Means Nevada" gift basket. As a "thank you" to our new buyers and sellers, we have personally hand-selected items made in Northern Nevada's very own backyard:

Bently Heritage Juniper Grove Gin (Minden, NV)

Davidson's Organics best-selling Honey Collection Tea Chest (Sparks, NV)

Rowdy Bars "Mindful Snack for Kids" award winner Variety Pack (Sparks, NV)

Amato's Family Kitchen

This month’s Partner Spotlight shines bright on Lacey Dremann, owner and principal designer of First Impression, a luxury home staging company here in Reno, Nevada. We have collaborated with her on projects in the past and have seen first-hand how a professionally-staged home can make a huge difference in both the selling price and days on the market.

Whether it’s staging a completely empty home or complementing existing furnishings, it’s all about creating an emotional connection. Buyers will ask themselves, “Could I live here?”

We had a chance to sit down with Lacey and she shared some great insight about herself, her business, and the industry in general. Read on to learn more in this enlightening interview.

Tell us a little bit about your

What makes Reno so special?

Midsize cities in the U.S. are seeing a renaissance as people from large metro areas are getting sick of the hustle and bustle by putting down roots in smaller cities like Reno, Nevada. Compared to big cities, you’ll find better priced housing, improved quality of life, and business opportunities galore. What is the secret of the Biggest Little City that makes it such a great place to settle down? We have five great reasons why!

1. YES to Business and Jobs; NO to Income Tax.

Just three short years ago, Tesla opened its Gigafactory and employed over 5,000 people. Soon after, other large companies followed suit like Apple, Switch, Microsoft, Intuit, and Patagonia. This movement created thousands of jobs for all

Ashley Quinn is a Nevada firm of CPAs and financial professionals with particular experience in tax planning aspects of relocation from California to Nevada.

Nevada remains one of seven states with no state income tax, which makes it even more attractive for relocation. For those coming from California, the income tax savings can amount to 13% of your taxable income. To obtain Nevada residency, an individual must make Nevada his principal place of residence, or his primary home.

So according to Ashley Quinn, what are some of the most important steps to plan for tax savings in Nevada?

Residency is a question of fact and is normally considered when the taxpayer maintains their closest connections within that state. The “Close Connection Test”

The former Park Lane Mall site hasn’t seen any action in many years, however developers just revealed the plans for the property.

Park Lane is a 46-acre, master-planned development located on a busy corridor, close to MidTown. The site at Plumb Lane and Virginia Street will soon become a development that is pedestrian-friendly, with live-work and multi-use spaces, a 170-room hotel and a food hall called The Market Hall. The site has already undergone preparation, including replacement of aging sewer lines, for 18 months so that it could be ready for construction.

“For the past year, together with Lyon Living, we’ve been working toward raising the bar on our design and bringing to life our vision of a new lifestyle in Reno,” said Chip Bowlby,