Truckee/Tahoe 2014 Year-End Luxury Trends Report

Luxury Trends 2014 Tahoe/Truckee Market Report

Year-End 2014 DicksonLuxury.com

Welcome

TO OUR 2014, LUXURY MARKET REPORT. Welcome to our 2014, year end Luxury Market Report highlighting the news and trends of luxury home sales in our region. This past year proved the steady return of the housing market in the Truckee/North Lake Tahoe area with significant positive trends in home sales. Our year end analysis brings good news, with increases not only in average sales prices and price per square foot but also in the shortened length of time it took to sell.

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 but with luxury home sales in our area doubling from 2013 to 2014, we anticipate the demand to remain high. 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.

—Broker/Manager, Dickson Realty Truckee

2014 vs. 2013 Luxury Home Averages over $2 million

+37

+8%

+9%

-23%

TOTAL UNITS SOLD

AVERAGE SOLD PRICE

AVERAGE PRICE PER SF

AVERAGE DAYS ON MARKET

2014: 140 2013: 102

2014: $3,064,432 2013: $2,839,993

2014: $817 2013: $751

2014: 158 2013: 204

Luxury Home Sales over $2 Million Truckee NUMBER OF SALES

Carnelian Bay

15

NUMBER OF SALES

1

Olympic Valley NUMBER OF SALES

2

AVERAGE SALES $

$3,730,666

AVERAGE SALES $

$2,950,000

AVERAGE SALES $

$2,260,000

HIGHEST SALES $

$6,950,000

HIGHEST SALES $

$2,950,000

HIGHEST SALES $

$2,450,000

Rubicon Bay NUMBER OF SALES

1

NUMBER OF SALES

$6,300,000

AVERAGE SALES $

$3,050,000

HIGHEST SALES $

$6,300,000

HIGHEST SALES $

$4,000,000

$1,500,000– $1,999,999

16%

28%

$3,000,000– $4,999,999

3

AVERAGE SALES $

Active Listings Over $1.5 Million $5,000,000 and higher

Tahoe City

$2,000,000– $2,999,999

24%

32%

Sold Listings Over $1.5 Million $5,000,000 and higher

$1,500,000– $1,999,999

9%

29%

$3,000,000– $4,999,999

$2,000,000– $2,999,999

34%

28%

$1,500,000– 36 Active Listings $1,999,999 $1,794,694 Average Price

$1,500,000– 41 Sold Listings $1,999,999 $1,714,670Average Price

$2,000,000– 41 Active Listings $2,999,999 $2,438,097 Average Price

$2,000,000– 40 Sold Listings $2,999,999 $2,443,982 Average Price

$3,000,000– 30 Active Listings $4,999,999 $3,815,316 Average Price

$3,000,000– 47 Sold Listings $4,999,999 $3,616,165 Average Price

252 Average Days On Market

284 Average Days On Market

320 Average Days On Market

$5,000,000 20 Active Listings and higher $8,833,600 Average Price

288 Average Days On Market

111 Average Days On Market

181 Average Days On Market

149 Average Days On Market

$5,000,000 12 Sold Listings and higher $7,583,333 Average Price

273 Average Days On Market

Source: Tahoe Sierra Multiple Listing Service (TSMLS) transaction volume for all transactions over $1.5 million for all Truckee/North & West Lake Tahoe, CA, January 1-December 31, 2014, as of January 13, 2015.

Significant Dickson Sales in 2014

SOLD $2,500,000

Seller & Buyer Representation by Dickson Realty Donner Summit

SOLD $1,765,000

Seller Representation by Dickson Realty

SOLD $1,380,000

Seller Representation by Dickson Realty

SOLD $1,229,000

Seller Representation by Dickson Realty

Tahoe Donner

Pine Forest

Tahoe Donner

SOLD $1,950,000

Seller & Buyer Representation by Dickson Realty

SOLD $1,450,000

Seller Representation by Dickson Realty

SOLD $1,230,000

Seller Representation by Dickson Realty

SOLD $1,175,000

Seller Representation by Dickson Realty

Tahoe Donner

Lahontan

Tahoe Donner

Tahoe Donner

Old Greenwood

10-Year Average Price & Median Price

2010

2011

$1,725,000

$1,570,000

2009

N/A 2012

2013

-23%

FROM LAST YEAR

$1,279,642 $1,290,000

$1,655,000

$1,570,000

$827,800 $650,000

2008

$1,400,000

2007

$1,507,500

2006

$1,700,000

$1,875,000

$2,165,000 2005

$1,599,500

$2,091,250

$2,165,000 N/A

AVERAGE PRICE

MEDIAN PRICE

-25%

FROM LAST YEAR

2014

10-Year Average Days On Market & Units Sold DAYS ON MARKET

-7%

FROM LAST YEAR

UNITS SOLD

+75%

275 225 175 125 75 25

FROM LAST YEAR 2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

Gray’s Crossing

10-Year Average Price & Median Price AVERAGE PRICE

$804,000 $910,000

2010

2011

2012

$1,318,000

$759,060 $775,000

2009

$1,000,000

$952,088 $953,200

2007

$1,068,444

$998,000 $1,200,000

2006

2008

$1,735,000

$1,625,000 2005

N/A

$1,204,791

$1,735,000

$1,625,000 N/A

+13%

2013

2014

FROM LAST YEAR

MEDIAN PRICE

+32%

FROM LAST YEAR

10-Year Average Days On Market & Units Sold DAYS ON MARKET

-71%

FROM LAST YEAR

475 425 375 325 275 225

UNITS SOLD

+33%

FROM LAST YEAR

175 125 75 25 2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

Lahontan

10-Year Average Price & Median Price

+26%

$1,650,000

$1,875,000

$2,124,423

$1,575,000

$1,682,647

$1,560,000 $1,400,000

$1,549,318

$1,720,000

$1,705,545

$1,725,000

$1,708,990

$2,000,000

2007

$2,180,454

$2,150,000

$2,350,000

$2,850,000

2006

$2,344,444

$2,495,227

$2,946,666 2005

AVERAGE PRICE

2008

2009

2010

2011

2012

2013

2014

FROM LAST YEAR

MEDIAN PRICE

+14%

FROM LAST YEAR

10-Year Average Days On Market & Units Sold DAYS ON MARKET

-58%

FROM LAST YEAR

425 375 325 275 225

UNITS SOLD

-24%

FROM LAST YEAR

175 125 75 25 2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

Martis Camp

10-Year Average Price & Median Price $3,711,988

$3,977,926

-7%

FROM LAST YEAR $3,333,140

$3,697,500

$3,300,000

$3,412,500

$2,295,000

$2,745,000

2010

$3,603,571

$3,784,250

$2,595,000

$2,745,000 2009

AVERAGE PRICE

MEDIAN PRICE

-10%

FROM LAST YEAR 2011

2012

2013

2014

10-Year Average Days On Market & Units Sold DAYS ON MARKET

+46% FROM LAST YEAR

375 325 275 225 175

UNITS SOLD

+125% FROM LAST YEAR

125 75 25 2009

2010

2011

2012

2013

2014

Northstar

10-Year Average Price & Median Price

$1,009,568 $830,000

2012

2013

MEDIAN PRICE

-2%

$813,750

$835,591 $600,000

2011

FROM LAST YEAR

$907,690

$765,000

2010

-10%

$1,005,461

2009

$1,454,250

$937,500

2008

$1,474,250

$1,250,800 $1,195,000

$1,210,000

$1,162,500

2007

$1,928,545

$1,276,777 $1,600,000

2006

$1,589,000

$1,849,230 2005

AVERAGE PRICE

FROM LAST YEAR

2014

10-Year Average Days On Market & Units Sold DAYS ON MARKET

+34% FROM LAST YEAR

UNITS SOLD

+24%

FROM LAST YEAR

275 225 175 125 75 25 2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

Squaw Valley-Alpine Meadows

10-Year Average Price & Median Price $2,626,153

N/C

FROM LAST YEAR $2,350,000

2012

$1,995,000

$2,050,000

2011

$2,620,822

$2,050,000

$1,875,000

2010

$2,276,111

$2,395,000

2009

$2,748,333

$2,850,000

2008

$2,850,000

$2,297,500

2007

$2,612,750

$2,245,000

$2,250,000

$1,957,500

2006

$2,476,600

$2,285,722

$2,020,833 2005

AVERAGE PRICE

MEDIAN PRICE

+18%

FROM LAST YEAR 2013

2014

10-Year Average Days On Market & Units Sold DAYS ON MARKET

-2%

FROM LAST YEAR

UNITS SOLD

+18%

FROM LAST YEAR

275 225 175 125 75 25 2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

Lake Tahoe

10-Year Average Price & Median Price $3,687,595

$3,253,855

$4,057,148

+13%

FROM LAST YEAR

MEDIAN PRICE

$2,975,000

$2,675,000

$3,020,468

2010

$2,975,000

$2,550,000

2009

$3,332,259

$3,711,417

2008

$2,425,000

$2,595,000

2007

$3,024,150

$4,227,976

$2,350,000

$2,664,950

$2,287,500

2006

$3,535,451

$3,468,062

$3,055,882 2005

AVERAGE PRICE

+11%

FROM LAST YEAR 2011

2012

2013

2014

10-Year Average Days On Market & Units Sold DAYS ON MARKET

-36%

FROM LAST YEAR

375 325 275 225 175

UNITS SOLD

+11%

FROM LAST YEAR

125 75 25 2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

TRUCKEE 530.587.7444 DOWNTOWN RENO 775.324.7000

NEW OFFICE! GRAEAGLE 530.836.1700

CAUGHLIN RANCH 775.746.7000

DAMONTE RANCH 775.850.7000

NEW OFFICE! DONNER LAKE 530.587.4811 SOMERSETT 775.746.7222

MONTRÊUX 775.849.9444

DicksonLuxury.com | luxury@dicksonrealty.com

© 2014 Dickson Realty. All rights reserved. Although the information above is deemed reliable, Dickson Realty does not guarantee its accuracy.

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