Luxury Trends Mid-Year 2017 Tahoe/Truckee Market Report
DicksonLuxury.com
COVER PROPERTY FEATURED:
14732 TYROL ROAD $1,450,000 MLS# 20171053
Welcome TO OUR MID-YEAR 2017 LUXURY MARKET REPORT. Summer has arrived, with comfortably warm temperatures, and snow-capped mountains still grace our landscape. What a winter! The number of luxury homes sold during the first six months of 2017 was down by 22% from the same period in 2016, and average sales prices remained almost the same. The majority of sales (70%) were still in the $1MM to $2MM range. The North and West Shores of Lake Tahoe accounted for 24 of the 90 sales, 5 more in in Squaw Valley/Alpine Meadows, and the remaining 61 were in Truckee. Active inventory, as compared to 2016, is down by over 17%, which obviously also affects sales. Although interest rates are rising, as has already occurred this year, 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 anticipate sales for the remainder of the year to be robust, as buyers have been waiting for “the perfect home” to come on the market. 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-June 2017 vs. 2016
-22%
N/C
-1%
-15%
TOTAL UNITS SOLD
AVERAGE SOLD PRICE
AVERAGE PRICE PER SF
AVERAGE DAYS ON MARKET
2017: 91 2016: 117
2017: $2,345,510 2016: $2,341,944
2017: $636 2016: $640
2017: 143 2016: 169
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, April 1 - June 30, 2017 as of July 6, 2017.
Luxury Home Sales over $1 Million Truckee NUMBER OF SALES AVERAGE SALES $ HIGHEST SALE $
61 $2,165,680 $6,800,000
Alpine Meadows NUMBER OF SALES
AVERAGE SALES $ HIGHEST SALE $
NUMBER OF SALES
AVERAGE SALES $
$1,388,000
AVERAGE SALES $
HIGHEST SALE $
$1,388,000
HIGHEST SALE $
North Shore, Lake Tahoe, CA NUMBER OF SALES
1
12
NUMBER OF SALES
$1,790,333
AVERAGE SALES $
$5,725,000
10%
HIGHEST SALE $
$3,000,000– $4,999,999
$1,462,500 $1,800,000
12 $4,282,333 $15,000,000
Sold Listings Over $1 Million $5,000,000 and higher
$1,000,000– $1,999,999
54%
4
West Shore, Lake Tahoe, CA
Active Listings Over $1 Million $5,000,000 and higher
Squaw Valley
10%
$1,000,000– $1,999,999
70%
$3,000,000– $4,999,999
11%
20%
$2,000,000$2,999,999
9% $2,000,000$2,999,999
16% $1,000,000– 126 Active Listings $1,999,999 $1,410,215 Average Price
$1,000,000– 64 Sold Listings $1,999,999 $1,374,164 Average Price
$2,000,000– 39 Active Listings $2,999,999 $2,539,102 Average Price
$2,000,000– 8 Sold Listings $2,999,999 $2,366,875 Average Price
$3,000,000– 47 Active Listings $4,999,999 $3,962,223 Average Price
$3,000,000– 10 Sold Listings $4,999,999 $3,769,000 Average Price
$5,000,000 23 Active Listings and higher $7,956,739 Average Price
$5,000,000 9 Sold Listings and higher $7,652,222 Average Price
115 Average Days On Market
152 Average Days On Market
173 Average Days On Market
270 Average Days On Market
144 Average Days On Market
82 Average Days On Market
215 Average Days On Market
111 Average Days On Market
Recent Dickson Sales
SOLD $1,990,000
Seller Representation by Dickson Realty
Northstar
SOLD $1,425,000
Buyer and Seller Representation by Dickson Realty Tahoe Donner
SOLD $1,125,000
Seller Representation by Dickson Realty
Tahoe Donner
SOLD $1,450,000
Seller Representation by Dickson Realty
SOLD $1,337,500
Seller Representation by Dickson Realty
SOLD $1,200,000
Seller Representation by Dickson Realty
Buckhorn Ridge
Tahoe Donner
Tahoe Donner
Current Dickson Luxury Listings
$4,500,000
1121 Soda Springs Road
$1,700,000
15104 Donner Pass Road
$1,479,000
11033 Meek Court
MLS# 20171464
MLS# 20171517
MLS# 20171113
$1,199,900
11638 Henness Road
$1,350,000
11042 Sitzmark Way
$2,600,000
15016 South Shore Drive
MLS# 20170428
MLS# 20170412
MLS# 20171802
*PHOTO IS OF MODEL HOME
$1,875,000 12929 Filly Lane
MLS# 20162244
$2,400,000
7480 Lahontan Drive
MLS# 20170189
Current Dickson Luxury Listings
$1,399,000
715 Joseph Marzen
$1,950,000
11394 Chalet Road
$1,300,000
10534 Actinolite Way
$1,150,000
360 North Ridge Drive
MLS# 20170812
MLS# 20170653
MLS# 20171439
MLS# 20171601
$1,175,000
13082 Skiview Loop
$1,345,000
11608 China Camp
$1,198,000 717 Conifer
$1,090,901
12831 Stockholm Way
MLS# 20171876
MLS# 20170220
MLS# 20171724
MLS# 20171381
Old Greenwood
January-June 2017 vs. 2016 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2017
2016
$1,524,800
$1,495,000
Average Days on Market vs. Units Sold 2017
107 DAYS ON MARKET
2016
5 UNITS SOLD
Gray’s Crossing
January-June 2017 vs. 2016 Average vs. Median Average vs. Median Price 2017
2016
AVERAGE $
AVERAGE PRICE
13%
$1,422,636 $1,260,714
FROM LAST YEAR
MEDIAN $
MEDIAN PRICE
7%
$1,365,000 $1,270,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2017
2016
DAYS ON MARKET
-70%
FROM LAST YEAR
UNITS SOLD
57%
FROM LAST YEAR
69
233
DAYS ON MARKET
11 UNITS SOLD
7
Lahontan
January-June 2017 vs. 2016 Average vs. Median Average vs. Median Price
AVERAGE $
2017
2016
AVERAGE PRICE
30%
$2,567,000 $1,970,454
FROM LAST YEAR
MEDIAN $
MEDIAN PRICE
34%
$2,400,000 $1,795,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2017
2016
DAYS ON MARKET
-32%
FROM LAST YEAR
UNITS SOLD
-55%
FROM LAST YEAR
140
205
DAYS ON MARKET
5 UNITS SOLD
11
Martis Camp
January-June 2017 vs. 2016 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2017
2016
AVERAGE PRICE
$4,316,153
-8%
$4,673,500
FROM LAST YEAR
MEDIAN PRICE
$3,975,000
-5%
$4,175,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2017
2016
DAYS ON MARKET
13%
FROM LAST YEAR
UNITS SOLD
-41%
FROM LAST YEAR
171
152
DAYS ON MARKET
13 UNITS SOLD
22
Northstar
January-June 2017 vs. 2016 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2017
2016
AVERAGE PRICE
$1,800,400
-24%
$2,359,444
FROM LAST YEAR
MEDIAN PRICE
$1,777,500
-11%
$2,000,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2017
2016
DAYS ON MARKET
-39%
FROM LAST YEAR
UNITS SOLD
11%
FROM LAST YEAR
168
277
DAYS ON MARKET
10 UNITS SOLD
9
Squaw Valley-Alpine Meadows
January-June 2017 vs. 2016 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2017
2016
AVERAGE PRICE
$1,447,600
-24%
$1,901,545
FROM LAST YEAR
MEDIAN PRICE
$1,465,000
-17%
$1,775,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2017
2016
DAYS ON MARKET
43%
FROM LAST YEAR
UNITS SOLD
-55%
FROM LAST YEAR
468
328
DAYS ON MARKET
5 UNITS SOLD
11
Lake Tahoe – North Shore
January-June 2017 vs. 2016 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2017
2016
AVERAGE PRICE
$1,790,333
-12%
$2,036,750
FROM LAST YEAR
MEDIAN PRICE
$1,202,500
-20%
$1,507,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2017
2016
DAYS ON MARKET
-10%
FROM LAST YEAR
UNITS SOLD
-14%
FROM LAST YEAR
133
147
DAYS ON MARKET
12 14 UNITS SOLD
Lake Tahoe – West Shore
January-June 2017 vs. 2016 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2017
2016
AVERAGE PRICE
$4,282,333
48%
$2,901,300
FROM LAST YEAR
MEDIAN PRICE
$1,744,000
-21%
$2,220,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2017
2016
DAYS ON MARKET
-9%
FROM LAST YEAR
UNITS SOLD
20%
FROM LAST YEAR
104
114
DAYS ON MARKET
12
10
UNITS SOLD
Tahoe Donner
January-June 2017 vs. 2016 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2017
2016
AVERAGE PRICE
$1,193,214
6%
$1,127,555
FROM LAST YEAR
MEDIAN PRICE
$1,145,000
4%
$1,100,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2017
2016
DAYS ON MARKET
17%
FROM LAST YEAR
UNITS SOLD
-67% FROM LAST YEAR
88
75
DAYS ON MARKET
7 UNITS SOLD
21
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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