How will luxury sales trends change this year?

The 2021 Luxury Trends report has arrived and what a year it was. The luxury real estate buying boom, which started in 2020, grew frantic in 2021. In both years, luxury buyers headed to less populated areas to escape pandemic fears and restrictions and gain some much needed space while spending a lot of their time at home. 

Read on for all of the latest details!

What's Ahead for Luxury Sales:

• Low standing inventory which will continue to increase (or maintain) prices
• New construction for luxury homes will be hampered by supply chain issues, rising cost of materials, and labor shortages
• Most, but not all, luxury buyers will want a move-in ready home with little to no remodeling or updating

Nestled within the gates of Montreux, is a darling neighborhood called "The Cottages." It's an enclave of 40 homes that are conveniently situated within walking distance to the world-class Clubhouse, restaurants and the Jack Nicklaus Championship Golf Course. The Cottage are unique, in that they have a separate Homeowner's Association that provides all of your exterior care (except roof and gutters) as well as full landscaping. You can also opt in for snow removal, so you'll never have to lift a shovel! 

The Cottages have the perfect balance of spectacular curb appeal and exceptional quality craftsmanship. Each home in this neighhorhood is quality built with ARXX R-30+ insulated walls, copper gutters, extensive exterior stonework, and

Photo credit: The Golf Gurus

Why was the 17th Fairway of Montreux’s Jack Nicklaus Championship Golf Course crowned the “Signature Hole?” The tee box is thrillingly perched 138 feet above the hole, providing an exhilarating view of the first shot. Gorgeously landscaped by both man and Mother Nature, the 464 Yard Par 4 features a narrow green protected by bunkers on each side, with Galena Creek running alongside the left portion of the fairway.

Just steps from the 17th tee box, our listing at 6031 Lake Geneva Drive has front-row seats to the golfing action. The hole is especially entertaining during the annual Barracuda Championship, one of only 45 stops on the PGA Tour. You can witness the magnetic excitement of professional golf while sipping an

Introducing 6705 De Chardin Lane!

This beautiful single-story Montrêux home resides on a quiet cul-de-sac on the 2nd Fairway. It showcases spectacular views of the famed Jack Nicklaus Signature Championship Course, Mt. Rose, and the Sierras.

The lot size is a generous .88 acre. It features an innovative and masterful landscape renovation that includes recirculation streams, built-in BBQ, expanded patio and paver driveway, over 50 new trees, all-natural rock, and three extraordinary fire pits.

The interior is just as impressive with warm and distinct custom upgrades at every turn. This 4,331 square foot home offers a Great Room Concept with a smartly designed floorplan, with the Master Bedroom privately located on one wing of the home, and

Welcome to our monthly Partner Spotlight! Where would we be without our partners in the community? They are just one of the many reasons that Reno-Tahoe is such a special place to live.

As head of Montreux Security, Mary McDonald and her team are oftentimes the first impressions that our clients have entering through the gates. The feedback that they receive is nothing short of wonderful! We sat down with Mary to learn a little bit more about her.

Your experience in security is extensive. What brought you out to Nevada?

“I had 25 years of experience at the St. Petersburg, FL Police Department, retiring at the rank of Major.  I held Patrol, Patrol Sgt., Patrol Lt., Patrol Major, Training Major, Investigations Sex Crimes Detective and Major,

The top 15 most expensive Reno home sales in 2018 make quite an impressive list. Four of those 15 deals, including the Number 1 sale, had our Sullivan-Wonhof-Gore Luxury Real Estate Team at the helm.

Interestingly, many of the homes on the list were cash deals. Those buyers largely sold their out-of-state homes at a premium, putting them in a liquid position for real estate investments here in Reno. The most expensive home, a beautiful manor on Foret Circle in charming Montreux Golf & Country Club, sold for $4.9 million. This was an increase of $1.5 million from last year's top spot, as well as the highest sale ever in Montreux and the highest sales-per-square-foot since 2007. 

Seven of the most expensive homes are located in Montreux, three in

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