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Nancy Fennell, President of Dickson Realty, shares her insight on the rise of luxury home sales in the Reno area.

The luxury market in Northern Nevada is defined as homes valued at $1,000,000 or higher. It’s also important to consider that people who own this price home in the Nevada market are very likely to own another luxury home in a different market. Fennell shares who is buying and selling these properties and what some of the trends in this price range are. Dickson Realty has been actively engage in the luxury market since 1988 when they were invited to join a small group of brokers from around the country. Dickson is now a member of Luxury Portfolio.

The luxury market in Northern Nevada is representative of just under 4% of sales in the

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