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.
SPARKS 775.685.8800