The Reno-Sparks real estate market, priced $1 million and higher, continues to see a shortfall of inventory, in particular luxury new construction. The average price per square foot of homes selling in today's market is $345.07. As the cost of building materials and labor continue to increase, we will likely see this number go up. 

Our lifestyles may be changing for the long term and the things we desire in our home are also changing. Dickson's partner, Luxury Portfolio International, reports the most-desired amenities that appeal to affluent home buyers are also evolving. Here are the top 4 trends: 

  • Home Offices or Multiple Home Offices and Study Areas- up 54%
  • Gym/Fitness Area- up 54%
  • Swimming Pool- up 54%
  • Home Theater- up 50%

 

 

Please read through the Luxury Trends Report and feel free to reach out if you have any questions about the local real estate market, buying, or selling a home. 

Posted by Jeff Sallan on
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