Dickson Realty Luxury Trends Mid-Year Report Truckee-Tahoe

Luxury Trends 2016 Tahoe/Truckee Market Report

Mid-Year 2016 DicksonLuxury.com

COVER PROPERTY FEATURED:

15016 SOUTH SHORE DRIVE, DONNER LAKE, CA $2,700,000 MLS# 20161023

Welcome TO OUR 2016 MID-YEAR LUXURY MARKET REPORT. Welcome to our 2016 mid-year Luxury Market Report highlighting the news and trends of luxury home sales in our region. With winter behind us and a beautiful summer in progress, sales of homes over $1MM in Truckee and the North & West Shores of Lake Tahoe continue to flourish, with 133 total from January through June as compared to 65 during the same period in 2015, more than twice the sales this year. Cash sales comprised 38% of the total with the balance financed through conventional means as well as private and owner financing.

Our comparisons for the 1st quarter of 2016 showed a decrease in average sold prices of 20%, but that number has decreased to only a 10% drop over 2015 average prices as of June 30th each year, which indicates that prices are increasing overall. Luxury home inventory is increasing, with 67 more homes active on the market as of the beginning of July this year versus last, a 30% increase. The private, gated community of Martis Camp in Truckee continues to lead the luxury market, with 25 active homes totaling over $110MM. With 285 total homes active (over $1MM asking price) totaling a combined value of over $730MM, Martis Camp comprises only 8.7% of the active inventory but 15% of the inventory value.

We hope you find the information useful in planning your next real estate sale or purchase. Our team of Dickson Realty Luxury Specialists are here, as always, to provide you with an extraordinary experience.

—Broker/Manager, Dickson Realty Truckee

Luxury Home Averages Over $1 Million YTD January-June 2016 vs. 2015

+105%

-10%

-3%

-14%

TOTAL UNITS SOLD

AVERAGE SOLD PRICE

AVERAGE PRICE PER SF

AVERAGE DAYS ON MARKET

2016: 133 2015: 65

2016: $2,248,965 2015: $2,495,963

2016: $641 2015: $661

2016: 168 2015: 195

Luxury Home Sales over $1 Million Truckee

Alpine Meadows

Squaw Valley

NUMBER OF SALES

38

NUMBER OF SALES

3

NUMBER OF SALES

1

AVERAGE SALES $

$2,339,978

AVERAGE SALES $

$1,593,333

AVERAGE SALES $

$1,075,000

HIGHEST SALE $

$1,075,000

HIGHEST SALE $

$6,800,000

HIGHEST SALE $

North Shore, Lake Tahoe, CA

$1,950,000

West Shore, Lake Tahoe, CA

NUMBER OF SALES

11

NUMBER OF SALES

11

AVERAGE SALES $

$2,967,454

AVERAGE SALES $

$2,769,363

HIGHEST SALE $

$7,103,000

HIGHEST SALE $

$5,250,000

Active Listings Over $1 Million $5,000,000 and higher

8%

Sold Listings Over $1 Million $5,000,000 and higher

$1,000,000– $1,999,999

58%

$3,000,000– $4,999,999

$3,000,000– $4,999,999

6%

$1,000,000– $1,999,999

62%

18%

16%

$2,000,000$2,999,999

$2,000,000$2,999,999

14%

18% $1,000,000– 164 Active Listings $1,999,999 $1,417,531 Average Price

$1,000,000– 82 Sold Listings $1,999,999 $1,296,298 Average Price

$2,000,000– 52 Active Listings $2,999,999 $2,469,221 Average Price

$2,000,000– 18 Sold Listings $2,999,999 $2,409,944 Average Price

$3,000,000– 45 Active Listings $4,999,999 $3,860,810 Average Price

$3,000,000– 24 Sold Listings $4,999,999 $3,814,291 Average Price

130 Average Days On Market

257 Average Days On Market

235 Average Days On Market

$5,000,000 24 Active Listings and higher $8,236,458 Average Price

149 Average Days On Market

147 Average Days On Market

285 Average Days On Market

175 Average Days On Market

$5,000,000 9 Sold Listings and higher $6,432,660 Average Price

101 Average Days On Market

Source: Tahoe Sierra Multiple Listing Service (TSMLS) transaction volume for all transactions over $1 million for all of Truckee/North & West Shores, Lake Tahoe, CA, January 1 - June 30, as of July 8, 2016.

Significant Dickson Sales in 2016

SOLD $1,700,000

Buyer Representation by Dickson Realty

SOLD $1,098,000

Seller Representation by Dickson Realty

Lahontan

Tahoe Donner

SOLD $1,225,000

Buyer and Seller Representation by Dickson Realty Tahoe Donner

SOLD $1,242,662

Buyer Representation by Dickson Realty

Tahoe Donner

SOLD $1,300,000

Tahoe Donner

Buyer Representation by Dickson Realty

SOLD $1,410,000

Buyer Representation by Dickson Realty

Gray’s Crossing

SOLD $1,025,000

Buyer Representation by Dickson Realty

SOLD $1,350,000

Buyer and Seller Representation by Dickson Realty

Tahoe Donner

Calpine

Old Greenwood

January-June 2016 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2016

2015

AVERAGE PRICE

$0

N/A

$1,482,500

FROM LAST YEAR

MEDIAN PRICE

$0 $1,482,500

N/A FROM LAST YEAR

Average Days on Market vs. Units Sold 2016

2015

DAYS ON MARKET

N/A

FROM LAST YEAR

UNITS SOLD

N/A

FROM LAST YEAR

0

322

DAYS ON MARKET

0 UNITS SOLD

2

Gray’s Crossing

January-June 2016 vs. 2015 Average vs. Median Price Average vs. Median Price 2016

2015

AVERAGE $

AVERAGE PRICE

-3%

$1,260,714 $1,300,000

FROM LAST YEAR

MEDIAN $

MEDIAN PRICE

-6%

$1,270,000 $1,355,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2016

2015

DAYS ON MARKET

248% FROM LAST YEAR

UNITS SOLD

133%

FROM LAST YEAR

233

67

DAYS ON MARKET

7 UNITS SOLD

3

Lahontan

January-June 2016 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2016

2015

AVERAGE PRICE

$1,970,454

-7%

$2,116,666

FROM LAST YEAR

MEDIAN PRICE

$1,795,000

-20%

$2,250,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2016

2015

DAYS ON MARKET

128%

FROM LAST YEAR

UNITS SOLD

22%

FROM LAST YEAR

205

90

DAYS ON MARKET

11 UNITS SOLD

9

Martis Camp

January-June 2016 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2016

2015

AVERAGE PRICE

$4,673,500

-2%

$4,788,888

FROM LAST YEAR

MEDIAN PRICE

$4,175,000

-14%

$4,850,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2016

2015

DAYS ON MARKET

-47%

FROM LAST YEAR

UNITS SOLD

144% FROM LAST YEAR

152

285

DAYS ON MARKET

22 UNITS SOLD

9

Northstar

January-June 2016 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2016

2015

AVERAGE PRICE

$2,115,000

54%

$1,375,000

FROM LAST YEAR

MEDIAN PRICE

$1,875,000

55%

$1,212,500

FROM LAST YEAR

Average Days on Market vs. Units Sold 2016

2015

DAYS ON MARKET

24%

FROM LAST YEAR

UNITS SOLD

300% FROM LAST YEAR

222

179

DAYS ON MARKET

16 UNITS SOLD

4

Squaw Valley-Alpine Meadows

January-June 2016 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2016

2015

AVERAGE PRICE

$1,901,545

30%

$1,463,750

FROM LAST YEAR

MEDIAN PRICE

$1,775,000

25%

$1,415,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2016

2015

DAYS ON MARKET

84%

FROM LAST YEAR

UNITS SOLD

175%

FROM LAST YEAR

328

178

DAYS ON MARKET

11 UNITS SOLD

4

Lake Tahoe – North Shore

January-June 2016 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2016

2015

AVERAGE PRICE

$2,036,750

-31%

$2,967,454

FROM LAST YEAR

MEDIAN PRICE

$1,507,000

-42%

$2,600,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2016

2015

DAYS ON MARKET

-16%

FROM LAST YEAR

UNITS SOLD

27%

FROM LAST YEAR

147

176

DAYS ON MARKET

14 UNITS SOLD

11

Lake Tahoe – West Shore

January-June 2016 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2016

2015

AVERAGE PRICE

$2,769,363

-5%

$2,901,785

FROM LAST YEAR

MEDIAN PRICE

$1,890,000

17%

$1,612,712

FROM LAST YEAR

Average Days on Market vs. Units Sold 2016

2015

DAYS ON MARKET

-48%

FROM LAST YEAR

UNITS SOLD

-8%

FROM LAST YEAR

135

262

DAYS ON MARKET

11

12

UNITS SOLD

Tahoe Donner

January-June 2016 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2016

2015

AVERAGE PRICE

$1,127,555

-9%

$1,238,100

FROM LAST YEAR

MEDIAN PRICE

$1,100,000

2%

$1,080,500

FROM LAST YEAR

Average Days on Market vs. Units Sold 2016

2015

DAYS ON MARKET

-56%

FROM LAST YEAR

UNITS SOLD

320% FROM LAST YEAR

75

171

DAYS ON MARKET

21 UNITS SOLD

5

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

© 2016 Dickson Realty. All rights reserved. Although the information above is deemed reliable, Dickson Realty does not guarantee its accuracy.

SPARKS 775.685.8800