Truckee/Tahoe Luxury Trends 2nd Quarter 2021

Luxury Trends 2nd Quarter 2021 Tahoe/Truckee Market Report

IN ESCROW IN ONE WEEK! $40,000 over asking price

7220 Lahontan Drive $3,790,000 Lahonatan DicksonLuxury.com

WELCOME TO OUR 2ND QUARTER 2021

COVER PROPERTY FEATURED

7220 LAHONTAN DRIVE LAHONTAN $3,790,000

LUXURY HOME MARKET REPORT Summer is here! Our beautiful area can be more fully enjoyed as COVID restrictions have eased. Outdoor recreation, offered in the Truckee-Tahoe sphere, is unparalleled year-round and summer is no exception. Whether you are golfing, hiking, biking, boating, paddling, or simply relaxing there are hundreds of places and choices available for you to pursue any passion.

The 2nd Quarter, January through June 2021, saw the Truckee-Tahoe real estate market continue a positive upward trajectory.

Luxury Market homes priced at $1M+, achieved 363 sales, when compared to 140 sold during the same period in 2020; representing a 159% increase. Average price increased by 7.4% to $2,325,006; median pricing remained stable at $1,600,000. Average Days-On-Market in 2020 was 115 days but fell to only 43 days in this period.

The price per square foot rose to an average of $837 which is a 29% increase. Negotiations with multiple-offers became the new norm during this period. The current market actives (all prices) totals 189, and of those 119 are for properties listed at $1M+.

Truckee led the Luxury Market with 218 sales, or 60% of market share of the total sales. Tahoe Donner sold 70 homes or 19.3% of market share. This is quickly followed by North Lake Tahoe at 60 homes/16.5% and West Shore Lake Tahoe at 50 homes/13.8%.

The Dickson Realty Truckee Team is always available to provide excellent and dedicated client service whether you are considering buying or selling a home. Our team of seasoned professionals, all REALTORS®, possess the most current and comprehensive market information and are uniquely qualified to be expert guides in your real estate venture.

—Broker/Manager, Dickson Realty Truckee

Luxury Home Averages Over $1 Million January - June 2021 compared to January - June 2020

+159%

+7.4%

+29%

-63%

TOTAL UNITS SOLD

AVERAGE SOLD PRICE

AVERAGE PRICE PER SF

AVERAGE DAYS ON MARKET

2021: 363 2020: 140

2021: $2,325,006 2020: $2,164,744

2021: $837 2020: $648

2021: 43 2020: 115

Data Source: Tahoe Sierra Multiple Listing Service (TSMLS) as of July 8th, 2021

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

Alpine Meadows NUMBER OF SALES

218 $2,348,531

AVERAGE SALES $ HIGHEST SALE $

NUMBER OF SALES

2

AVERAGE SALES $

$1,247,500

AVERAGE SALES $

HIGHEST SALE $

$1,325,000

HIGHEST SALE $

$12,795,000

North Shore, Lake Tahoe, CA NUMBER OF SALES

33 $1,789,258 $4,000,000

West Shore, Lake Tahoe, CA NUMBER OF SALES

60 $1,963,493

AVERAGE SALES $

$11,000,000

HIGHEST SALE $

Sold Listings Over $1 Million

50 $3,052,950 $31,000,000

Active Listings Over $1 Million

$5,000,000 and higher $3,000,000– $4,999,999

Squaw Valley

$5,000,000 and higher

8%

19%

$1,000,000– $1,999,999

45%

8% $3,000,000– $4,999,999

16%

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

$1,000,000– $1,999,999

16%

67%

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

20% $1,000,000– 245 Sold Listings $1,999,999 $1,387,079 Average Price

$1,000,000– 53 Active Listings $1,999,999 $1,509,547 Average Price

$2,000,000– 58 Sold Listings $2,999,999 $2,451,704 Average Price

$2,000,000– 24 Active Listings $2,999,999 $2,550,249 Average Price

$3,000,000– 30 Sold Listings $4,999,999 $3,794,600 Average Price

$3,000,000– 19 Active Listings $4,999,999 $3,983,789 Average Price

$5,000,000 30 Sold Listings and higher $8,270,208 Average Price

$5,000,000 23 Active Listings and higher $9,634,739 Average Price

35 Average Days On Market

51 Average Days On Market

67 Average Days On Market

71 Average Days On Market

34 Average Days On Market

53 Average Days On Market

56 Average Days On Market

91 Average Days On Market

Data Source: Tahoe Sierra Multiple Listing Service (TSMLS) as of July 8th, 2021

Recent Dickson Sales

SOLD $6,410,000

Buyer Representation by Dickson Realty

SOLD $3,295,000

Seller Representation by Dickson Realty

SOLD $2,650,000

Buyer Representation by Dickson Realty

SOLD $2,575,000

Seller Representation by Dickson Realty

Martis Camp

Schaffers Mill

Lahontan

Tahoe Donner

SOLD $3,575,000

Buyer Representation by Dickson Realty

SOLD $2,930,000

Seller Representation by Dickson Realty

SOLD $2,600,000

Seller Representation by Dickson Realty

SOLD $2,425,000

Seller Representation by Dickson Realty

Lahontan

Donner Lake

Tahoe Donner

Northstar

Recent Dickson Sales

SOLD $2,200,000

Seller Representation by Dickson Realty

SOLD $1,758,000

Seller Representation by Dickson Realty

SOLD $1,700,000

Buyer Representation by Dickson Realty

SOLD $1,675,000

Seller Representation by Dickson Realty

Grays Crossing

Juniper Creek Ranch

Martiswoods Estates

Northstar

SOLD $2,200,000

Seller Representation by Dickson Realty

SOLD $1,750,000

Seller Representation by Dickson Realty

SOLD $1,675,000

Seller Representation by Dickson Realty

SOLD $1,675,000

Seller Representation by Dickson Realty

Northstar

Historic Truckee

Tahoe Donner

Tahoe Donner

Recent Dickson Sales

SOLD $1,675,000

Buyer Representation by Dickson Realty

SOLD $1,500,000

Seller Representation by Dickson Realty

SOLD $1,430,000

Seller Representation by Dickson Realty

SOLD $1,376,000

Buyer Representation by Dickson Realty

The Meadows

Northstar

Tahoe Donner

Tahoe Donner

SOLD $1,550,000

Buyer & Seller Representation by Dickson Realty

SOLD $1,475,000

Buyer & Seller Representation by Dickson Realty

SOLD $1,385,000

Seller Representation by Dickson Realty

SOLD $1,350,000

Buyer Representation by Dickson Realty

Tahoe Donner

Schaffers Mill

Northstar

Northstar

Recent Dickson Sales

SOLD $1,350,000

Tahoe Donner

Buyer Representation by Dickson Realty

SOLD $1,325,000

Tahoe Donner

Buyer Representation by Dickson Realty

SOLD $1,300,000

Buyer & Seller Representation by Dickson Realty

SOLD $1,270,000

Seller Representation by Dickson Realty

Tahoe Donner

Martiswoods Estates

SOLD $1,325,000

Seller Representation by Dickson Realty

SOLD $1,300,000

Buyer & Seller Representation by Dickson Realty

SOLD $1,275,000

Seller Representation by Dickson Realty

SOLD $1,225,800

Buyer Representation by Dickson Realty

Tahoe Donner

Tahoe Donner

Northstar

Tahoe Donner

Recent Dickson Sales

SOLD $1,225,300

Seller Representation by Dickson Realty

SOLD $1,225,000

Seller Representation by Dickson Realty

SOLD $1,200,000

Seller Representation by Dickson Realty

SOLD $1,200,000

Seller Representation by Dickson Realty

Tahoe Donner

Tahoe Donner

Pineland

Tahoe Donner

SOLD $1,225,000

Buyer Representation by Dickson Realty

SOLD $1,200,000

Buye Representation by Dickson Realty

SOLD $1,200,000

Buyer & Seller Representation by Dickson Realty

SOLD $1,182,500

Buyer Representation by Dickson Realty

Glenshire

Tahoe Donner

Tahoe Donner

Brockway Springs

Recent Dickson Sales

SOLD $1,175,000

Seller Representation by Dickson Realty

SOLD $1,150,000

Seller Representation by Dickson Realty

SOLD $1,117,500

Buyer Representation by Dickson Realty

SOLD $1,100,000

Buyer & Seller Representation by Dickson Realty

Tahoe Donner

Cambridge Estates

Tahoe Donner

Tahoe Donner

SOLD $1,150,000

Buyer & Seller Representation by Dickson Realty

SOLD $1,125,000

Seller Representation by Dickson Realty

SOLD $1,115,000

Buyer Representation by Dickson Realty

SOLD $1,095,000

Seller Representation by Dickson Realty

Tahoe Donner

Tahoe Donner

Tahoe Donner

Tahoe Donner

Recent Dickson Sales

SOLD $1,085,000

Buyer Representation by Dickson Realty

SOLD $1,026,000

Buyer Representation by Dickson Realty

SOLD $1,005,000

Seller Representation by Dickson Realty

SOLD $1,000,000

Seller Representation by Dickson Realty

Tahoe Donner

Glenshire

Sierra Meadows

Tahoe Donner

SOLD $1,060,000

Buyer Representation by Dickson Realty

SOLD $1,010,000

Buyer Representation by Dickson Realty

SOLD $1,000,000

Seller Representation by Dickson Realty

SOLD $1,000,000

Seller Representation by Dickson Realty

Kailua Park

Tahoe Donner

Tahoe Donner

Glenshire

current luxury listings

$3,850,000

11820 Eagle Lakes Road MLS# 20211428

Donner Summit

$3,790,000

7220 Lahontan Drive MLS# 20211281

Lahontan

In Escrow

$3,200,000

11183 Trail End Court MLS# 20211619

Pioneer Center

$1,995,000

12240 Skislope Way MLS# 20211582

Tahoe Donner

In Escrow

$1,945,000

351 Skidder Trail MLS# 20210107

Northstar

In Escrow

$1,600,000

Lakeview Motel MLS# 20211488

$1,900,000

11346 Chalet Road MLS# 20211257

Tahoe Donner

In Escrow

Donner Lake

$1,385,000

11830 Bottcher Loop MLS# 20210146

Grays Crossing

Current Luxury Listings In Escrow

$1,290,000

12584 Prosser Dam Road MLS# 20210629

In Escrow

Prosser Lake

$1,288,000

737 Conifer MLS# 20211657

Northstar

In Escrow

$1,250,000

11692 Highland Ave MLS# 20211735

Olympic Heights

$1,200,000

12599 Rainbow Drive MLS# 20211468 Prosser Lakeview Estates

Coming Soon

$1,200,000

78 Bluff View MLS# 20211544

Nakoma

$1,150,000

12136 Brookstone Drive

Tahoe Donner

Old Greenwood

January-June 2021 vs. 2020 Average vs. Median Average vs. Median Price

MEDIAN $

AVERAGE $

2021

2020

AVERAGE PRICE

$2,053,363

+27.7%

$1,608,229

FROM LAST YEAR

MEDIAN PRICE

$1,840,090

+16.8%

$1,575,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2021

2020

DAYS ON MARKET

-98%

FROM LAST YEAR

UNITS SOLD

100% FROM LAST YEAR

2

90

DAYS ON MARKET

6 UNITS SOLD

3

Gray’s Crossing

January- June 2021 vs. 2020 Average vs. Median Average vs. Median Price

MEDIAN $

AVERAGE $

2021

2020

AVERAGE PRICE

$2,130,345

+42%

$1,499,833

FROM LAST YEAR

MEDIAN PRICE

$2,100,000

+47.4%

$1,425,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2021

2020

DAYS ON MARKET

-79%

FROM LAST YEAR

UNITS SOLD

-27%

FROM LAST YEAR

16

75

DAYS ON MARKET

11

UNITS SOLD

15

Lahontan

January-June 2021 vs. 2020 Average vs. Median Average vs. Median Price AVERAGE $

2021 2018 2020

AVERAGE PRICE

+52.7%

$3,594,444 $2,353,500

FROM LAST YEAR

MEDIAN $

MEDIAN PRICE

+45.9%

$3,575,000 $2,450,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2021

2020

DAYS ON MARKET

-52%

FROM LAST YEAR

UNITS SOLD

-10%

FROM LAST YEAR

40

83

DAYS ON MARKET

9

10

UNITS SOLD

Schaffer’s Mill

January-June 2021 vs. 2020 Average vs. Median Average vs. Median Price AVERAGE $

2021 2018 2020

AVERAGE PRICE

+15.4%

$1,929,166 $1,671,500

FROM LAST YEAR

MEDIAN $

MEDIAN PRICE

+16.2%

$1,850,000 $1,592,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2021

2020

DAYS ON MARKET

-52%

FROM LAST YEAR

UNITS SOLD

+50% FROM LAST YEAR

32

21

DAYS ON MARKET

9 UNITS SOLD

6

Martis Camp

January-June 2021 vs. 2020 Average vs. Median Average vs. Median Price

MEDIAN $

AVERAGE $

2021

2020

AVERAGE PRICE

$6,575,961

+40%

$4,696,397

FROM LAST YEAR

MEDIAN PRICE

$5,625,000

+30.4%

$4,312,050

FROM LAST YEAR

Average Days on Market vs. Units Sold 2021

2020

DAYS ON MARKET

-73%

FROM LAST YEAR

UNITS SOLD

+37% FROM LAST YEAR

53

197

DAYS ON MARKET

26 UNITS SOLD

19

Northstar

January-June 2021 vs. 2020 Average vs. Median Average vs. Median Price

MEDIAN $

AVERAGE $

2021

2020

AVERAGE PRICE

$2,099,797

+22.7%

$1,711,823

FROM LAST YEAR

MEDIAN PRICE

$1,850,000

+11.5%

$1,659,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2021

2020

DAYS ON MARKET

-41%

FROM LAST YEAR

UNITS SOLD

+59%

FROM LAST YEAR

96

162

DAYS ON MARKET

27 UNITS SOLD

17

Squaw Valley-Alpine Meadows

January-June 2021 vs. 2020 Average vs. Median Average vs. Median Price

MEDIAN $

AVERAGE $

2021

2020

AVERAGE PRICE

$1,758,300

-3.4%

$1,820,000

FROM LAST YEAR

MEDIAN PRICE

$1,715,000

-14%

$1,995,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2021

2020

DAYS ON MARKET

-65%

FROM LAST YEAR

UNITS SOLD

+289% FROM LAST YEAR

63

178

DAYS ON MARKET

35 UNITS SOLD

9

Lake Tahoe – North Shore

January-June 2021 vs. 2020 Average vs. Median Average vs. Median Price

MEDIAN $

AVERAGE $

2021

2020

AVERAGE PRICE

$1,963,493

+1.6%

$1,933,294

FROM LAST YEAR

MEDIAN PRICE

$1,502,500

+22.2%

$1,230,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2021

2020

DAYS ON MARKET

-47%

FROM LAST YEAR

UNITS SOLD

+253% FROM LAST YEAR

31

59

DAYS ON MARKET

60 UNITS SOLD

17

Lake Tahoe – West Shore

January-June 2021 vs. 2020 Average vs. Median Average vs. Median Price

MEDIAN $

AVERAGE $

2021

2020

AVERAGE PRICE

$3,091,785

+36.8%

$2,260,769

FROM LAST YEAR

MEDIAN PRICE

$1,600,000

+4.9%

$1,525,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2021

2020

DAYS ON MARKET

-63%

FROM LAST YEAR

UNITS SOLD

+285% FROM LAST YEAR

56

151

DAYS ON MARKET

50 UNITS SOLD

13

Tahoe Donner

January-June 2021 vs. 2020 Average vs. Median Average vs. Median Price

MEDIAN $

AVERAGE $

2021

2020

AVERAGE PRICE

$1,361,306

+8.2%

$1,257,966

FROM LAST YEAR

MEDIAN PRICE

$1,277,500

+7.4%

$1,190,000

FROM LAST YEAR

Average Days on Market vs. Units Sold 2021

2020

DAYS ON MARKET

-85%

FROM LAST YEAR

UNITS SOLD

+367% FROM LAST YEAR

12

78

DAYS ON MARKET

70 UNITS SOLD

15

Article and images used with permission from Luxury Portfolio International. For more info, visit www.LuxuryPortfolio.com/blog

Article and images used with permission from Luxury Portfolio International. For more info, visit www.LuxuryPortfolio.com/blog

TRUCKEE 530.587.7444 DOWNTOWN RENO 775.324.7000

CAUGHLIN RANCH 775.746.7000

PORTOLA 530.832.1700 DAMONTE RANCH 775.850.7000

NORTHSTAR 530.562.1140 SOMERSETT 775.746.7222

MONTRÊUX 775.849.9444

SPARKS 775.685.8800

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