Spring Brings New Buyers to the Luxury Market

Posted by Jackie Latragna on Monday, May 8th, 2023 at 6:35pm

Spring has arrived! As we transition into the second quarter of the year, we can see the thaw from a record-breaking winter and the gardens are coming to life. The water basin in Northern Nevada has been filled, but the extended months of storms slowed home sales in the first quarter. Read on for all of the latest details!

What's Ahead for Luxury Sales:

  • Inventory levels are beginning to increase but demand is also improving as evidenced by increased pending home sales at the top end of the market.
  • April has brought lovely weather and, with it, a slew of new luxury homes coming to market.
  • The clear roads over the pass to California are bringing a steady flow of luxury buyers from Northern California and other regions.
  • Home sales over 1 million dollars more than doubled from 16 sales in February to 40 sales in March.

Click here to read the Dickson Realty Q1 2023 Luxury Trends Report.

 

2023 Sales Summary

*Pendings include 12 Parc Forêt homes under construction. These figures represent sales from 1/1/23 - 4/26/23. Thank you to every single client that has worked with us in 2023!

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