Year-End Luxury Trends for 2020

We hope that you and your family are staying safe and healthy as we have closed out 2020 and its tremendous challenges. We are looking forward to what 2021 has to bring and feeling hopeful for the future!

Last year we saw some big changes in luxury real estate trends. First, the Luxury Market in 2020 in Northern Nevada has been completely redefined due to the influx of Californians leaving the state and staking their claim in Reno-Tahoe. This means that we saw the number of properties priced and sold at $1,000,000 and up increase by a large margin. Many buyers are also offering anywhere from $5,000 to $100,000 over listing price, making the market a dream for sellers. Inventory has been at an all-time low and now’s an incredible time to sell your home and maximize on sales price.

Click here to read the Dickson Realty 2020 Luxury Trends Report.

Due to Nevada’s sustainable job growth, home prices have been steadily on the rise to meet the influx of demand as folks relocate to the area. With so many luxury buyers migrating from higher taxed and more expensive areas, the price of homes in our region have been extremely attractive. Combine that with some many folks still working from home and work-life balance at top of mind, buyers are motivated to find not only their dream home but their dream location. Reno-Tahoe has it all; business-friendly tax environment, epic outdoor recreation, a tight-knit community, and most of all opportunity. The opportunity to completely love where you live.

Our team has so much love and gratitude for this place that we call home and all of the wonderful recreation that it provides. With the winter season underway, we wanted to share with you some of our favorite local activities that you can even enjoy, even with social distancing! Click here for all of the best activities in Northern Nevada this winter.

2020 Sales Summary

Out of the 39 home transaction sides in Montreux, our team represented 29 of them (or 74%). Thank you to every single client that worked with us in 2020! We absolutely love helping you find your dream home.