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

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

The Reno-Tahoe region has been on the rise in the media and housing is no exception.

While more jobs are being created in Northern Nevada, that means more people are coming to fill those jobs. While the median Reno housing market has been on the rise, what does that mean for the luxury market?

 Image courtesy of Dickson Realty

Only 3-4% of Reno-area home sales involve luxury homes with a price tag of $900,000 and up. That percentage is on the increase and there are predictions that the number of homes sales will double this year over 2017. Changes in the federal tax laws have already pushed up interest in the Reno market. Beginning this year, federal tax reform changes will cap interest rate deductions on mortgage debt up to $750,000 (down from