Dickson Realty Luxury Trends Tahoe/Truckee Q3 2015

Luxury Trends 2015 Tahoe/Truckee Market Report

3rd Quarter 2015 DicksonLuxury.com

COVER PROPERTY FEATURED:

196 Basque, Truckee, CA 96161 $2,195,000 MLS #20151741

Welcome

TO OUR 2015, LUXURY MARKET REPORT. Welcome to our Luxury Market Report for the 3rd quarter of 2015 highlighting the news and trends of luxury home sales in our Lake Tahoe/Truckee region. This third quarter showed a 12% increase overall in the number of sales as compared to the 3rd quarter of 2014. Martis Camp was the main driver of luxury sales with seven homes totaling over $27.5 million. As an increasing number of homes are completed and sold in Martis Camp, sales volume will continue to be driven higher. Comparing 3rd quarter of 2015 to 3rd quarter of 2014, Lahontan and Tahoe Donner showed increases in sales above $1.5 million whereas Old Greenwood and the Lake Tahoe area remained steady.

Heading into the 4th quarter, anticipation for a stellar winter season is high on everyone’s wish list and should provide an increase in purchases over the next several weeks before we see a tapering heading into the holidays. Our luxury inventory is compelling , with active homes ranging from the low $1 million price range up to just under $19 million for a 5-acre parcel in Meeks Bay. If you have questions or wish additional information on the luxury market or any other segment of our real estate market within the Truckee or Lake Tahoe area, call one of our real estate specialists. They are ready and willing to serve you and promise to provide you with an exceptional experience.

—Broker/Manager, Dickson Realty Truckee

Luxury Home Averages Over $1.5 Million 3rd Quarter 2015 vs. 2014

+12%

-15%

-3%

+35%

TOTAL UNITS SOLD

AVERAGE SOLD PRICE

AVERAGE PRICE PER SF

AVERAGE DAYS ON MARKET

2015: 37 2014: 33

2015: $2,981,575 2014: $3,528,103

2015: $760 2014: $786

2015: 187 2014: 139

Luxury Home Sales over $1.5 Million Truckee

Alpine Meadows

Squaw Valley

NUMBER OF SALES

22

NUMBER OF SALES

0

NUMBER OF SALES

0

AVERAGE SALES $

$2,623,863

AVERAGE SALES $

$0

AVERAGE SALES $

$0

HIGHEST SALE $

$0

HIGHEST SALE $

$0

HIGHEST SALE $

$5,850,000

North Shore NUMBER OF SALES

9

NUMBER OF SALES

6

AVERAGE SALES $

$3,141,002

AVERAGE SALES $

$4,054,045

HIGHEST SALE $

$7,300,000

HIGHEST SALE $

$8,199,000

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

$1,500,000– $1,999,999

15%

26%

$3,000,000– $4,999,999

West Shore

$2,000,000– $2,999,999

29%

30%

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

$1,500,000– $1,999,999

11%

40%

$3,000,000– $4,999,999

$2,000,000– $2,999,999

30%

19%

$1,500,000– 38 Active Listings $1,999,999 $1,800,605 Average Price

$1,500,000– 15 Sold Listings $1,999,999 $1,702,166 Average Price

$2,000,000– 44 Active Listings $2,999,999 $2,454,227 Average Price

$2,000,000– 7 Sold Listings $2,999,999 $2,500,717 Average Price

$3,000,000– 42 Active Listings $4,999,999 $3,937,642 Average Price

$3,000,000– 11 Sold Listings $4,999,999 $3,651,824 Average Price

$5,000,000 22 Active Listings and higher $8,764,272 Average Price

$5,000,000 4 Sold Listings and higher $6,777,675 Average Price

211 Average Days On Market

288 Average Days On Market

215 Average Days On Market

193 Average Days On Market

191 Average Days On Market

195 Average Days On Market

173 Average Days On Market

192 Average Days On Market

Source: Tahoe Sierra Multiple Listing Service (TSMLS) transaction volume for all transactions over $1.5 million for all of Truckee/North & West Shores, Lake Tahoe, CA, July 1 - September 30, 2015 as of October 8, 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

3rd Quarter 2014 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2015

2014

AVERAGE PRICE

$1,775,000

12%

$1,580,000

FROM LAST YEAR

MEDIAN PRICE

$1,775,000

12%

$1,580,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2015

2014

DAYS ON MARKET

-7%

FROM LAST YEAR

UNITS SOLD

NO CHANGE FROM LAST YEAR

112

120

DAYS ON MARKET

1 UNITS SOLD

1

Lahontan

3rd Quarter 2014 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2015

2014

AVERAGE PRICE

$2,143,333

-63%

$5,850,000

FROM LAST YEAR

MEDIAN PRICE

$1,950,000

-67%

$5,850,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2015

2014

DAYS ON MARKET

131%

FROM LAST YEAR

UNITS SOLD

200%

FROM LAST YEAR

192

83

DAYS ON MARKET

3 UNITS SOLD

1

Martis Camp

3rd Quarter 2014 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2015

2014

AVERAGE PRICE

$3,948,214

9%

$3,620,712

FROM LAST YEAR

MEDIAN PRICE

$3,425,000

4%

$3,307,390

FROM LAST YEAR

Average Days on Market vs. Units Sold 2015

2014

DAYS ON MARKET

58%

FROM LAST YEAR

UNITS SOLD

-13%

FROM LAST YEAR

216

137

DAYS ON MARKET

7 UNITS SOLD

8

Northstar

3rd Quarter 2014 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2015

2014

AVERAGE PRICE

$2,625,000

N/A

$0

FROM LAST YEAR

MEDIAN PRICE

$2,625,000

N/A

$0

FROM LAST YEAR

Average Days on Market vs. Units Sold 2015

2014

DAYS ON MARKET

N/A FROM LAST YEAR

UNITS SOLD

N/A FROM LAST YEAR

581

0

DAYS ON MARKET

2 UNITS SOLD

0

Squaw Valley-Alpine Meadows

3rd Quarter 2014 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2015

2014

AVERAGE PRICE

$0

N/A

$2,900,000

FROM LAST YEAR

MEDIAN PRICE

$0

N/A

$2,900,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2015

2014

DAYS ON MARKET

N/A

FROM LAST YEAR

UNITS SOLD

N/A

FROM LAST YEAR

0

3

DAYS ON MARKET

0 UNITS SOLD

2

Lake Tahoe – North Shore

3rd Quarter 2014 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2015

2014

AVERAGE PRICE

$3,141,002

-20%

$3,945,222

FROM LAST YEAR

MEDIAN PRICE

$2,650,000

-13%

$3,050,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2015

2014

DAYS ON MARKET

64%

FROM LAST YEAR

UNITS SOLD

NO CHANGE FROM LAST YEAR

179

109

DAYS ON MARKET

9

9 UNITS SOLD

Lake Tahoe – West Shore

3rd Quarter 2014 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2015

2014

AVERAGE PRICE

$4,054,045

30%

$3,125,000

FROM LAST YEAR

MEDIAN PRICE

$3,351,287

21%

$2,762,500

FROM LAST YEAR

Average Days on Market vs. Units Sold 2015

2014

DAYS ON MARKET

43%

FROM LAST YEAR

UNITS SOLD

NO CHANGE FROM LAST YEAR

103

177

DAYS ON MARKET

6 UNITS SOLD

6

Tahoe Donner

3rd Quarter 2014 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2015

2014

AVERAGE PRICE

$1,585,000

-2%

$1,622,500

FROM LAST YEAR

MEDIAN PRICE

$1,550,000

-4%

$1,622,500

FROM LAST YEAR

Average Days on Market vs. Units Sold 2015

2014

DAYS ON MARKET

-4%

FROM LAST YEAR

UNITS SOLD

200% FROM LAST YEAR

78

81

DAYS ON MARKET

3 UNITS SOLD

1

DOWNTOWN RENO 775.324.7000

TRUCKEE 530.587.7444

GRAEAGLE 530.836.1700

DONNER LAKE 530.587.4811

CAUGHLIN RANCH 775.746.7000

DAMONTE RANCH 775.850.7000

SOMERSETT 775.746.7222

MONTRÊUX 775.849.9444

DicksonLuxury.com | luxury@dicksonrealty.com

© 2015 Dickson Realty. All rights reserved. Although the information above is deemed reliable, Dickson Realty does not guarantee its accuracy.

SPARKS 775.685.8800