Dickson Realty Luxury Trends Truckee Tahoe Q2 2015

Luxury Trends 2015 Tahoe/Truckee Market Report

2nd Quarter 2015 DicksonLuxury.com

COVER PROPERTY FEATURED:

12449 Stockholm Way, Truckee, CA $1,295,000 MLS #20152025

Luxury Trends 2015 Tahoe/Truckee Market Report

Welcome

2nd Quarter 2015 DicksonLuxury.com

TO OUR 2015, LUXURY MARKET REPORT. Welcome to our Luxury Market Report for the 2nd quarter of 2015 highlighting the news and trends of luxury home sales in our Lake Tahoe/Truckee region. This second quarter showed a decrease in the number of sales in almost all areas except the North Shore of Lake Tahoe, California side, as compared to the 2nd quarter of 2014. As everyone is well aware, our winter season was dismal, only reaching 18% of normal according to the monitoring experts. Average prices did increase slightly. The number of active homes available in the $1.5M price range and above increased by 58% from the end of the 1st quarter of this year, which is normal as many homes come on the market for the spring/summer season.

Interest rates remain historically low. Interestingly, due to new ‘add-on’ fees for Fannie Mae and Freddie Mac for conforming loans, rates for jumbo loans are many times equal to and could even become better in the future than for conforming loans.

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 2nd Quarter 2015 vs. 2014

-62%

LESS THAN

-1%

LESS THAN

+1%

+2%

TOTAL UNITS SOLD

AVERAGE SOLD PRICE

AVERAGE PRICE PER SF

AVERAGE DAYS ON MARKET

2015: 10 2014: 26

2015: $3,183,868 2014: $3,206,124

2015: $848 2014: $847

2015: 169 2014: 166

Luxury Home Sales over $1.5 Million Truckee NUMBER OF SALES

Alpine Meadows

5

NUMBER OF SALES

0

NUMBER OF SALES

0

AVERAGE SALES $

$3,082,736

AVERAGE SALES $

$0

AVERAGE SALES $

$0

HIGHEST SALES $

$5,500,000

HIGHEST SALES $

$0

HIGHEST SALES $

$0

North Shore NUMBER OF SALES AVERAGE SALES $ HIGHEST SALES $

4

$5,000,000 and higher

12%

$3,000,000– $4,999,999

West Shore NUMBER OF SALES

$3,737,750 $5,250,000

Active Listings Over $1.5 Million

24%

Squaw Valley

$1,500,000– $1,999,999

29%

$2,000,000– $2,999,999

35%

2

AVERAGE SALES $

$1,837,500

HIGHEST SALES $

$1,840,000

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

$1,500,000– $1,999,999

27%

18%

$3,000,000– $4,999,999

18%

$2,000,000– $2,999,999

37%

$1,500,000– 49 Active Listings $1,999,999 $1,774,551 Average Price

$1,500,000– 3 Sold Listings $1,999,999 $1,779,560 Average Price

$2,000,000– 59 Active Listings $2,999,999 $2,477,101 Average Price

$2,000,000– 4 Sold Listings $2,999,999 $2,425,250 Average Price

$3,000,000– 40 Active Listings $4,999,999 $3,915,825 Average Price

$3,000,000– 2 Sold Listings $4,999,999 $4,125,000 Average Price

$5,000,000 21 Active Listings and higher $8,774,428 Average Price

$5,000,000 2 Sold Listings and higher $5,375,000 Average Price

165 Average Days On Market

265 Average Days On Market

234 Average Days On Market

211 Average Days On Market

223 Average Days On Market

74 Average Days On Market

15 Average Days On Market

347 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, April 1-June 30, 2015 as of July 6, 2015.

Lahontan

2nd Quarter 2014 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2015

2014

AVERAGE PRICE

$2,450,000

+33%

$1,840,833

FROM LAST YEAR

MEDIAN PRICE

$2,450,000

+33%

$1,837,500

FROM LAST YEAR

Average Days on Market vs. Units Sold 2015

DAYS ON MARKET

2014

32

-75%

FROM LAST YEAR

UNITS SOLD

-33%

FROM LAST YEAR

8 115

162

DAYS ON MARKET

2 UNITS SOLD

3

Martis Camp

2nd Quarter 2014 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2015

2014

AVERAGE PRICE

$4,425,000

+19%

$3,710,900

FROM LAST YEAR

MEDIAN PRICE

$4,425,000

+28%

$3,450,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2015

DAYS ON MARKET

-25%

FROM LAST YEAR

2014

261 195

UNITS SOLD

-80% FROM LAST YEAR

DAYS ON MARKET

2

10

UNITS SOLD

Northstar

2nd Quarter 2014 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2015

2014

AVERAGE PRICE

$0

NO SALES

$2,148,333

FROM LAST YEAR

MEDIAN PRICE

$0

NO SALES

$2,200,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2015

DAYS ON MARKET

2014

106

NO SALES FROM LAST YEAR

UNITS SOLD

NO SALES FROM LAST YEAR

0

DAYS ON MARKET

0

UNITS SOLD

9

Squaw Valley-Alpine Meadows

2nd Quarter 2014 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2015

2014

AVERAGE PRICE

$0

NO SALES

$2,738,333

FROM LAST YEAR

MEDIAN PRICE

$0 $3,200,000

NO SALES FROM LAST YEAR

Average Days on Market vs. Units Sold 2015

2014

DAYS ON MARKET

NO SALES FROM LAST YEAR

88

UNITS SOLD

NO SALES FROM LAST YEAR

0

DAYS ON MARKET

0

UNITS SOLD

3

Lake Tahoe – North Shore

2nd Quarter 2014 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2015

2014

AVERAGE PRICE

$3,737,750

-8%

$4,064,000

FROM LAST YEAR

MEDIAN PRICE

$3,750,000

-8%

$4,064,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2015

DAYS ON MARKET

+180%

2014

154

FROM LAST YEAR

UNITS SOLD

+100% FROM LAST YEAR

55 4 DAYS ON MARKET

2 UNITS SOLD

Lake Tahoe – West Shore

2nd Quarter 2014 vs. 2015 Average vs. Median Price Average vs. Median Price

MEDIAN $

AVERAGE $

2015

2014

AVERAGE PRICE

$1,837,500

-49%

$3,589,681

FROM LAST YEAR

MEDIAN PRICE

$1,837,500

-44%

$3,266,862

FROM LAST YEAR

Average Days on Market vs. Units Sold 2015

DAYS ON MARKET

+22%

FROM LAST YEAR

2014

177 145

UNITS SOLD

-50% FROM LAST YEAR

DAYS ON MARKET

2

UNITS SOLD

4

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

© 2014 Dickson Realty. All rights reserved. Although the information above is deemed reliable, Dickson Realty does not guarantee its accuracy.

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