Dickson Realty Luxury Trends Q3-2016 Truckee-Tahoe

Luxury Trends 2016 Tahoe/Truckee Market Report

3rd Quarter 2016 DicksonLuxury.com

COVER PROPERTY FEATURED:

12929 FILLY LANE, TRUCKEE $1,900,000 MLS# 20162244

Welcome TO OUR 2016 3RD QUARTER LUXURY MARKET REPORT. Welcome to our 2016 Luxury Market Report through September, highlighting the news and trends of luxury home sales in our region. With the changing of seasons from summer to winter, we expect sales to slow until just after the holidays, when activity normally picks up again. If the forecast of another stellar winter season bodes true, winter enthusiasts will probably be eyeing homes to fit their lifestyle, whether at Martis Camp with its’ private chairlift to Northstar or any of the other luxury subdivisions that all lie within close proximity to the six major ski areas close by.

Our comparisons through the 3rd quarter of 2016 versus 2015 show increases in total units sold (+51%), average sold price (+13%), average price per square foot (+15%), as well as a decrease in number of days on the market (-27%), which is a positive for the market. Luxury home inventory is increasing, with 52 more homes active on the market as of the beginning of October this year versus last, a 36% increase. The private, gated community of Martis Camp in Truckee continues to lead the luxury market, with 24 active homes totaling over $114MM. 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-September 2016 vs. 2015

+51%

+13%

+15%

-27%

TOTAL UNITS SOLD

AVERAGE SOLD PRICE

AVERAGE PRICE PER SF

AVERAGE DAYS ON MARKET

2016: 86 2015: 57

2016: $2,670,086 2015: $2,361,022

2016: $733 2015: $640

2016: 130 2015: 179

Luxury Home Sales over $1 Million Truckee NUMBER OF SALES AVERAGE SALES $ HIGHEST SALE $

59 $2,529,165 $7,550,000

Alpine Meadows NUMBER OF SALES AVERAGE SALES $ HIGHEST SALE $

North Shore, Lake Tahoe, CA NUMBER OF SALES AVERAGE SALES $ HIGHEST SALE $

9

12%

NUMBER OF SALES

$1,172,500 $1,245,000

$2,759,777

AVERAGE SALES $

$6,500,000

HIGHEST SALE $

$3,000,000– $4,999,999

AVERAGE SALES $

$1,021,700

HIGHEST SALE $

$1,021,700

15 $3,480,133 $17,500,000

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

$1,000,000– $1,999,999

53%

1

West Shore, Lake Tahoe, CA NUMBER OF SALES

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

2

Squaw Valley

12%

$1,000,000– $1,999,999

57%

$3,000,000– $4,999,999

16%

19%

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

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

15%

16% $1,000,000– 104 Active Listings $1,999,999 $1,474,264 Average Price

$1,000,000– 49 Sold Listings $1,999,999 $1,437,738 Average Price

$2,000,000– 32 Active Listings $2,999,999 $2,551,390 Average Price

$2,000,000– 13 Sold Listings $2,999,999 $2,426,826 Average Price

$3,000,000– 38 Active Listings $4,999,999 $3,848,368 Average Price

$3,000,000– 14 Sold Listings $4,999,999 $3,819,607 Average Price

$5,000,000 24 Active Listings and higher $7,775,833 Average Price

$5,000,000 10 Sold Listings and higher $7,415,500 Average Price

165 Average Days On Market

170 Average Days On Market

250 Average Days On Market

202 Average Days On Market

106 Average Days On Market

111 Average Days On Market

205 Average Days On Market

168 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 - September 30, as of October 5, 2016.

Significant Dickson Sales in 2016

SOLD $1,700,000

Buyer Representation by Dickson Realty

SOLD $1,050,000

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

SOLD $1,125,000

Buyer Representation by Dickson Realty

Tahoe Donner

Tahoe Donner

SOLD $1,300,000

Buyer Representation by Dickson Realty

SOLD $1,410,000

Buyer Representation by Dickson Realty

SOLD $1,025,000

Buyer Representation by Dickson Realty

SOLD $1,900,000

Seller Representation by Dickson Realty

SOLD $1,849,500

Buyer Representation by Dickson Realty

Tahoe Donner

Gray’s Crossing

Tahoe Donner

Lahontan

Lahontan

Old Greenwood

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

2015

AVERAGE $

AVERAGE PRICE

-20%

$1,422,500 $1,775,000

FROM LAST YEAR

MEDIAN $

MEDIAN PRICE

-20%

$1,422,500 $1,775,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2016

2015

DAYS ON MARKET

-60% FROM LAST YEAR

UNITS SOLD

100% FROM LAST YEAR

45

112

DAYS ON MARKET

2 UNITS SOLD

1

Gray’s Crossing

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

2015

AVERAGE $

AVERAGE PRICE

15%

$1,460,000 $1,273,750

FROM LAST YEAR

MEDIAN $

MEDIAN PRICE

17%

$1,475,000 $1,257,500

FROM LAST YEAR

Average Days on Market vs. Units Sold 2016

2015

DAYS ON MARKET

-55%

FROM LAST YEAR

UNITS SOLD

75%

FROM LAST YEAR

45

101

DAYS ON MARKET

7 UNITS SOLD

4

Lahontan

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

MEDIAN $

AVERAGE $

2016

2015

AVERAGE PRICE

$1,955,500

4%

$1,882,500

FROM LAST YEAR

MEDIAN PRICE

$1,900,000

-1%

$1,915,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2016

2015

DAYS ON MARKET

-50% FROM LAST YEAR

UNITS SOLD

125%

FROM LAST YEAR

125

249

DAYS ON MARKET

9 UNITS SOLD

4

Martis Camp

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

MEDIAN $

AVERAGE $

2016

2015

AVERAGE PRICE

$3,976,445

1%

$3,948,214

FROM LAST YEAR

MEDIAN PRICE

$3,825,000

12%

$3,425,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2016

2015

DAYS ON MARKET

-20%

FROM LAST YEAR

UNITS SOLD

229% FROM LAST YEAR

172

216

DAYS ON MARKET

23 UNITS SOLD

7

Northstar

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

MEDIAN $

AVERAGE $

2016

2015

AVERAGE PRICE

$2,383,750

-9%

$2,625,000

FROM LAST YEAR

MEDIAN PRICE

$2,417,500

-8%

$2,625,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2016

2015

DAYS ON MARKET

-88%

FROM LAST YEAR

UNITS SOLD

100% FROM LAST YEAR

71

581

DAYS ON MARKET

4 UNITS SOLD

2

Squaw Valley-Alpine Meadows

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

MEDIAN $

AVERAGE $

2016

2015

AVERAGE PRICE

$1,122,233

-20%

$1,400,500

FROM LAST YEAR

MEDIAN PRICE

$1,100,000

-21%

$1,400,500

FROM LAST YEAR

Average Days on Market vs. Units Sold 2016

2015

DAYS ON MARKET

-78%

FROM LAST YEAR

UNITS SOLD

50%

FROM LAST YEAR

140

627

DAYS ON MARKET

3 UNITS SOLD

2

Lake Tahoe – North Shore

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

MEDIAN $

AVERAGE $

2016

2015

AVERAGE PRICE

$2,759,777

9%

$2,529,540

FROM LAST YEAR

MEDIAN PRICE

$2,050,000

3%

$2,000,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2016

2015

DAYS ON MARKET

-42%

FROM LAST YEAR

UNITS SOLD

-31%

FROM LAST YEAR

91

158

DAYS ON MARKET

9 UNITS SOLD

13

Lake Tahoe – West Shore

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

MEDIAN $

AVERAGE $

2016

2015

AVERAGE PRICE

$3,480,133

-5%

$3,653,467

FROM LAST YEAR

MEDIAN PRICE

$1,841,000

-42%

$3,200,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2016

2015

DAYS ON MARKET

80%

FROM LAST YEAR

UNITS SOLD

114%

FROM LAST YEAR

205

114

DAYS ON MARKET

15 UNITS SOLD

7

Tahoe Donner

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

MEDIAN $

AVERAGE $

2016

2015

AVERAGE PRICE

$1,231,857

-10%

$1,373,333

FROM LAST YEAR

MEDIAN PRICE

$1,195,000

-11%

$1,350,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2016

2015

DAYS ON MARKET

11%

FROM LAST YEAR

UNITS SOLD

17%

FROM LAST YEAR

71

63

DAYS ON MARKET

7 UNITS SOLD

6

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