Luxury Trends 3rd Quarter 2017 Tahoe/Truckee Market Report
DicksonLuxury.com
COVER PROPERTY FEATURED:
717 CONIFER $1,198,000 MLS# 20171724
Welcome TO OUR 3RD QUARTER 2017 LUXURY MARKET REPORT. Fall is in the air, and with an occasional snow storm here and there, winter enthusiasts are already gearing up for the onset of winter sports. Still lots of sun but definitely seasonal temperatures. With the massive winter we experienced last year, summer seems to have been way too short! The number of luxury homes sold during the first nine months of 2017 was down slightly from the same period in 2016, and average sales prices were also down, by a modest 5%. Over half of the sales were still in the $1M to $2M range. Of the 217 total sales from January thru September, 145 (68%) were in Truckee, with the majority of those in Martis Camp. The North and West Shores of Lake Tahoe comprised an additional 65 sales. Total luxury sales for 2017 thru September totaled almost $492 million. Interest rates have been up and down, but there are still favorable loan programs for jumbo loans. This obviously only affects the 50% or so buyers who aren’t paying cash as past experience has shown. We are still working with many buyers, some waiting for “the perfect home” to come on the market and anxiously hoping to be “in” before too much snow flies. Now more than ever it is important to use the skills of a real estate professional specializing in luxury home sales. Our highly trained, experienced agents are here to assist you whether buying, selling, or both!
—Broker/Manager, Dickson Realty Truckee
Luxury Home Averages Over $1 Million January-September 2017 vs. 2016
-6%
-5%
-2%
-16%
TOTAL UNITS SOLD
AVERAGE SOLD PRICE
AVERAGE PRICE PER SF
AVERAGE DAYS ON MARKET
2017: 217 2016: 231
2017: $2,262,092 2016: $2,375,008
2017: $668 2016: $680
2017: 129 2016: 154
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, 2017 as of October 5, 2017.
Luxury Home Sales over $1 Million Truckee NUMBER OF SALES AVERAGE SALES $ HIGHEST SALE $
145 $2,614,600 $15,995,000
Alpine Meadows NUMBER OF SALES
NUMBER OF SALES
AVERAGE SALES $
$1,262,498
AVERAGE SALES $
HIGHEST SALE $
$1,649,995
HIGHEST SALE $
North Shore, Lake Tahoe, CA NUMBER OF SALES
4
37
NUMBER OF SALES
$2,464,405
AVERAGE SALES $
HIGHEST SALE $
$5,845,000
HIGHEST SALE $
Active Listings Over $1 Million 10%
$3,000,000– $4,999,999
$2,006,263 $4,500,000
28 $5,092,714 $32,000,000
Sold Listings Over $1 Million $5,000,000 and higher
$1,000,000– $1,999,999
58%
19
West Shore, Lake Tahoe, CA
AVERAGE SALES $
$5,000,000 and higher
Squaw Valley
8%
$1,000,000– $1,999,999
68%
$3,000,000– $4,999,999
14%
17%
$2,000,000$2,999,999
10% $2,000,000$2,999,999
15% $1,000,000– 141 Active Listings $1,999,999 $1,434,155 Average Price
$1,000,000– 148 Sold Listings $1,999,999 $1,354,807 Average Price
$2,000,000– 37 Active Listings $2,999,999 $2,506,243 Average Price
$2,000,000– 22 Sold Listings $2,999,999 $2,488,409 Average Price
$3,000,000– 42 Active Listings $4,999,999 $3,846,833 Average Price
$3,000,000– 30 Sold Listings $4,999,999 $3,813,916 Average Price
$5,000,000 23 Active Listings and higher $9,897,826 Average Price
$5,000,000 17 Sold Listings and higher $7,129,411 Average Price
162 Average Days On Market
133 Average Days On Market
187 Average Days On Market
248 Average Days On Market
124 Average Days On Market
89 Average Days On Market
176 Average Days On Market
136 Average Days On Market
Recent Dickson Sales
SOLD $1,990,000
Seller Representation by Dickson Realty
SOLD $1,450,000
Seller Representation by Dickson Realty
SOLD $1,337,500
Seller Representation by Dickson Realty
Northstar
Buckhorn Ridge
Tahoe Donner
SOLD $1,835,645
Buyer and Seller Representation by Dickson Realty
SOLD $1,425,000
Buyer and Seller Representation by Dickson Realty
SOLD $1,300,000
Buyer Representation by Dickson Realty
Tahoe Donner
Tahoe Donner
The Meadows
Recent Dickson Sales
SOLD $1,250,000
Seller Representation by Dickson Realty
SOLD $1,150,000
Seller Representation by Dickson Realty
SOLD $1,125,000
Seller Representation by Dickson Realty
Tahoe Donner
Gray’s Crossing
Tahoe Donner
SOLD $1,235,000
Buyer Representation by Dickson Realty
Ponderosa Ranchos
SOLD $1,125,000
Seller Representation by Dickson Realty
SOLD $1,125,000
Buyer and Seller Representation by Dickson Realty
Tahoe Donner
Truckee
Current Dickson Luxury Listings
$2,600,000
15016 South Shore Drive
$1,700,000
15104 Donner Pass Road
$1,400,000
6156 Beckwourth-Genesee Road
MLS# 20171802
MLS# 20171517
MLS# 20172373
$2,400,000
7480 Lahontan Drive
$1,695,000 12929 Filly Lane
$1,399,999
11980 Skislope Way
MLS# 20170189
MLS# 20172492
MLS# 20172278
Current Dickson Luxury Listings
$1,350,000 166 Windsong
$1,479,000
11033 Meek Court
$1,050,000
10849 Mougle Lane
MLS# 20172263
MLS# 20171113
MLS# 20172513
$1,199,999
11122 China Camp
$1,150,000
13082 Skiview Loop
$1,019,101
12831 Stockholm Way
MLS# 20171874
MLS# 20171876
MLS# 20171381
Old Greenwood
January-September 2017 vs. 2016 Average vs. Median Average vs. Median Price 2017
2016
AVERAGE $
AVERAGE PRICE
-8%
$1,422,500 $1,538,900
FROM LAST YEAR
MEDIAN $
MEDIAN PRICE
-8%
$1,422,500 $1,547,500
FROM LAST YEAR
Average Days on Market vs. Units Sold 2017
2016
DAYS ON MARKET
-64%
FROM LAST YEAR
UNITS SOLD
-80% FROM LAST YEAR
45
126
DAYS ON MARKET
2
10
UNITS SOLD
Gray’s Crossing
January-September 2017 vs. 2016 Average vs. Median Average vs. Median Price 2017
2016
AVERAGE $
AVERAGE PRICE
2%
$1,392,705 $1,360,357
FROM LAST YEAR
MEDIAN $
MEDIAN PRICE
N/C
$1,365,000 $1,360,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2017
2016
DAYS ON MARKET
-53%
FROM LAST YEAR
UNITS SOLD
21%
FROM LAST YEAR
65
139
DAYS ON MARKET
17 UNITS SOLD
14
Lahontan
January-September 2017 vs. 2016 Average vs. Median Average vs. Median Price
AVERAGE $
2017
2016
AVERAGE PRICE
28%
$2,550,000 $1,986,880
FROM LAST YEAR
MEDIAN $
MEDIAN PRICE
31%
$2,490,000 $1,900,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2017
2016
DAYS ON MARKET
-7%
FROM LAST YEAR
UNITS SOLD
-57%
FROM LAST YEAR
150
161
DAYS ON MARKET
9 UNITS SOLD
21
Martis Camp
January-September 2017 vs. 2016 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2017
2016
AVERAGE PRICE
$4,503,583
4%
$4,317,227
FROM LAST YEAR
MEDIAN PRICE
$3,975,000
2%
$3,900,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2017
2016
DAYS ON MARKET
-13%
FROM LAST YEAR
UNITS SOLD
-33% FROM LAST YEAR
141
163
DAYS ON MARKET
30
45
UNITS SOLD
Northstar
January-September 2017 vs. 2016 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2017
2016
AVERAGE PRICE
$1,641,272
-25%
$2,176,391
FROM LAST YEAR
MEDIAN PRICE
$1,252,000
-34%
$1,900,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2017
2016
DAYS ON MARKET
-25%
FROM LAST YEAR
UNITS SOLD
-4%
FROM LAST YEAR
140
187
DAYS ON MARKET
22
23
UNITS SOLD
Squaw Valley-Alpine Meadows
January-September 2017 vs. 2016 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2017
2016
AVERAGE PRICE
$1,481,093
-15%
$1,734,550
FROM LAST YEAR
MEDIAN PRICE
$1,426,500
1%
$1,410,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2017
2016
DAYS ON MARKET
-25%
FROM LAST YEAR
UNITS SOLD
14%
FROM LAST YEAR
215
288
DAYS ON MARKET
16 UNITS SOLD
14
Lake Tahoe – North Shore
January-September 2017 vs. 2016 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2017
2016
AVERAGE PRICE
$1,940,027
-13%
$2,236,826
FROM LAST YEAR
MEDIAN PRICE
$1,350,000
-19%
$1,662,500
FROM LAST YEAR
Average Days on Market vs. Units Sold 2017
2016
DAYS ON MARKET
2%
FROM LAST YEAR
UNITS SOLD
42%
FROM LAST YEAR
129
127
DAYS ON MARKET
37
26
UNITS SOLD
Lake Tahoe – West Shore
January-September 2017 vs. 2016 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2017
2016
AVERAGE PRICE
$3,105,745
-2%
$3,179,423
FROM LAST YEAR
MEDIAN PRICE
$1,644,000
-12%
$1,865,500
FROM LAST YEAR
Average Days on Market vs. Units Sold 2017
2016
DAYS ON MARKET
-26%
FROM LAST YEAR
UNITS SOLD
8%
FROM LAST YEAR
129
175
DAYS ON MARKET
28
26
UNITS SOLD
Tahoe Donner
January-September 2017 vs. 2016 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2017
2016
AVERAGE PRICE
$1,242,119
8%
$1,153,500
FROM LAST YEAR
MEDIAN PRICE
$1,180,000
2%
$1,153,500
FROM LAST YEAR
Average Days on Market vs. Units Sold 2017
2016
DAYS ON MARKET
-1%
FROM LAST YEAR
UNITS SOLD
-36% FROM LAST YEAR
73
74
DAYS ON MARKET
18
28
UNITS SOLD
TRUCKEE 530.587.7444 DOWNTOWN RENO 775.324.7000
PORTOLA 530.832.1700
CAUGHLIN RANCH 775.746.7000
DONNER LAKE 530.587.4811
DAMONTE RANCH 775.850.7000
NAKOMA 530.322.3320
SOMERSETT 775.746.7222
MONTRÊUX 775.849.9444
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