Dickson Realty’s 2014 year end Luxury Market Report is now available, highlighting the news and trends of luxury home sales in our region. This past year proved the steady return of the housing market in Northern Nevada with significant positive trends in home sales. Our year end analysis brings good news with increases not only in numbers of sales but also in average sales price and price per square foot.
As we look forward to 2015, our luxury specialists forecast continued steady and consistent growth in sales over one million dollars. The top end of the market may still experience price corrections as the inventory is building and market times are extended; however, as Northern Nevada continues to see the positive effects of new companies moving to our region sales will be steady. It is likely interest rates will bump up. While an interest rate hike impacts sales below 1.5 million the majority of sales over 1.5 million are cash.
We hope you find the information useful in planning your next real estate sale or purchase. Our team of Dickson Realty Luxury Specialists look forward to serving you in 2015!