Let’s take a look at the latest luxury market news for the Reno-Sparks area.
Dickson Realty continued the trend of holding the top spot in the luxury market for the Reno/Sparks area. Dickson Realty ended the year holding more than twice the market share of its next closest competitor!
The luxury home averages reveal mixed results by year’s end. Although the average amount of units sold grew, the average sold price and average price per sq. ft., decreased slightly compared to the same point in 2014.
By year’s end, the luxury market consisted of a closely even split of active listings pried $1.5 million to just below $2 million and actives priced above $2.5 million. There is a much larger share of the sold luxury listings priced $1 million to just under $1.5 million, accounting for almost 3/4 of all sold luxury properties.
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