Truckee/Tahoe Luxury Trends 3rd Quarter

Luxury Trends 3rd Quarter 2021 Tahoe/Truckee Market Report

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13911 Skislope Way $2,485,000 Tahoe Donner DicksonLuxury.com

WELCOME TO OUR RD QUARTER

COVER PROPERTY FEATURED

13911 SKISLOPE WAY TAHOE DONNER $2,485,000

LUXURY HOME MARKET REPORT The chill is in the air and the landscape is turning brilliant colors. This is the perfect time for those invigorating outdoor Fall hikes. While everyone must still follow the most current COVID guidelines for our region, we are anticipating a robust and joyous winter season.

The latest news flash is the announcement of a major name change in our market with the former consortium of Squaw Valley & Alpine Meadows becoming Palisades Tahoe.

In this exciting and unprecedented time, the 3rd Quarter, January through September 2021, saw the Truckee/Tahoe region Luxury Home market continue on a positive upward course.

Luxury Market homes priced at $1M+, achieved 619 sales, when compared to 438 sold during the same period in 2020; representing a 41% increase. Truckee led the market with 390 sales (63%), Palisades Tahoe saw 57 sales, North Shore Lake Tahoe realized 93 sales and West Shore Lake Tahoe had 79 sales.

While the Median price remained level at $1,600,000, the Average price increased by 4.7% to $2,362,434. Average Days-On-Market in 2020 was 88 days but fell to only 35 days in this period. It has been an extremely brisk time for sales. The price per square foot rose to an average of $848 which is a 24% increase. At this time, there are only 130 active listings for properties priced at $1M+ with 46% of those at an Average asking price of $1,495,350.

We hope you are as happy as we are in sharing the Truckee/Tahoe region sales results for this quarter. If Dickson Realty can help interpret or offer additional insights to our market, please contact one of our outstanding and knowledgeable agents (all REALTORS®) who specialize in the luxury home market.

—Broker/Manager, Dickson Realty Truckee

Luxury Home Averages Over Million January - September compared to January - September

!

-#$

TOTAL UNITS SOLD

AVERAGE SOLD PRICE

AVERAGE PRICE PER SF

AVERAGE DAYS ON MARKET

2021: 619 2020: 438

2021: $2,362,434 2020: $2,255,345

2021: $848 2020: $684

2021: 35 2020: 88

Data Source: Tahoe Sierra Multiple Listing Service (TSMLS) as of October 6th, 2021

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

Palisades Tahoe Alpine NUMBER OF SALES

390 $2,386,976 $12,795,000

AVERAGE SALES $ HIGHEST SALE $

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

NUMBER OF SALES

9 $1,562,901

AVERAGE SALES $

$11,000,000

HIGHEST SALE $

48 $1,827,540 $4,000,000

West Shore﹐ Lake Tahoe﹐ CA NUMBER OF SALES

HIGHEST SALE $

Sold Listings Over Million

79 $2,884,835 $31,000,000

Active Listings Over Million

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

AVERAGE SALES $

$2,750,000

93 $2,169,200

Palisades Tahoe Squaw

$5,000,000 and higher

9%

16%

$1,000,000– $1,999,999

46%

8% $3,000,000– $4,999,999

16%

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

16%

$1,000,000– $1,999,999

67%

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

22%

$1,000,000– 416 Sold Listings $1,999,999 $1,395,048 Average Price

$1,000,000– 60 Active Listings $1,999,999 $1,495,350 Average Price

$2,000,000– 97 Sold Listings $2,999,999 $2,444,552 Average Price

$2,000,000– 28 Active Listings $2,999,999 $2,511,605 Average Price

$3,000,000– 52 Sold Listings $4,999,999 $3,825,036 Average Price

$3,000,000– 21 Active Listings $4,999,999 $3,914,001 Average Price

28 Average Days On Market

48 Average Days On Market

51 Average Days On Market

$5,000,000 54 Sold Listings and higher $8,258,942 Average Price

54 Average Days On Market

61 Average Days On Market

58 Average Days On Market

71 Average Days On Market

$5,000,000 21 Active Listings and higher $13,009,047 Average Price 22 Average Days On Market

Data Source: Tahoe Sierra Multiple Listing Service (TSMLS) as of October 6th, 2021

Recent Dickson Sales

78: :8$$$ Buyer Representation by Dickson Realty

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Northstar

Palisades Tahoe

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!8: :8$$$ Seller Representation by Dickson Realty

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Donner Lake

Tahoe Donner

Grays Crossing

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Tahoe Donner

Donner Lake

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Northstar

Tahoe Donner

Martiswoods Estates

Recent Dickson Sales

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Tahoe Donner

Grays Crossing

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Tahoe Donner

The Meadows

Northstar

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Prosser Heights

Northstar

Buyer & Seller Representation by Dickson Realty

8 7$8$$$ Seller Representation by Dickson Realty

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Schaff ers Mill

Tahoe Donner

Tahoe Donner

Recent Dickson Sales

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877$8$$$ Tahoe Donner

Tahoe Donner

Seller Representation by Dickson Realty Prosser Lakeview Est.

Tahoe Donner

Seller Representation by Dickson Realty

87$$8$$$ Buyer & Seller Representation by Dickson Realty

< 8!7:8$$$ Seller Representation by Dickson Realty

Tahoe Donner

Kingswood Estates

Recent Dickson Sales

8!!=8$$$ Buyer Representation by Dickson Realty

8!!:8=$$ Buyer Representation by Dickson Realty

8!!:8$$$ Buyer Representation by Dickson Realty

8!!#8$$$ Tahoe Donner

Tahoe Donner

Glenshire

Seller Representation by Dickson Realty

8!!:87$$ Seller Representation by Dickson Realty

< 8!$:8$$$ Seller Representation by Dickson Realty

Sierra Meadows

Tahoe Donner

Tahoe Donner

current luxury listings In Escrow

< 78=:$8$$$ 11820 Eagle Lakes Road MLS# 20211428

Donner Summit

78 ;$8$$$ 7220 Lahontan Drive MLS# 20211281

Lahontan

In Escrow

78!$$8$$$ 11183 Trail End Court MLS# 20211619

Pioneer Center

!8 =:8$$$ 13911 Skslope Way MLS# 20211701

Tahoe Donner

In Escrow

8 $$8$$$ 342 Skidder Trail MLS# 20212544

Northstar

8 $$8$$$ 78 Bluff View MLS# 20211544

Nakoma

Coming Soon

8$ $8$$$ 11692 Highland Ave MLS # 20211735

Olympic Heights

CALL<FOR<PRICING 14326 Skislope Way

Tahoe Donner

Old Greenwood

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How To Throw The Best Holiday Party

If you want to throw an unforge able holiday party this season, then now is the time to start planning. But maybe you don’t know where to start or need some creative ideas.

Well, you’re in luck. Our CEO, Nancy Fennell, is not only an extraordinary real estate leader and philanthropist, but she is well-known for her tasteful and delightful gatherings and parties. So, I asked Nancy to share some of her secrets to creating a memorable experience for guests and what she loves most about entertaining.

I also reached out to three-party planning professionals to learn more about the logistics of organizing a successful event: • Andy Bomberger, Director of Event Sales at The Club of ArrowCreek and President of the Reno/Tahoe Chapter of the National Association for Catering and Events • Beth McBride, Director of Sales at Roundabout Catering & Party Rentals • Nisha Hallert, Director of Facilities and Special Events at the Nevada Museum of Art Since the pandemic started, the event and service industry has suffered tremendous losses due to cancellations and restrictions. It has also been challenging to plan events with friends and family members.

That’s why we want to help you throw the best and safest holiday party this season to enjoy the company of your loved ones while supporting local businesses too. With CDC guidelines for small gatherings in mind, we’re sharing expert advice on the art of table se ing, menu planning, luxury trends, and more.

7 Steps To Hosting An UnforgeBable Holiday Party We understand that planning a holiday party can be overwhelming, but now’s not the time to panic because we’re here to help take the stress off you. Keep reading to learn about the fundamentals of party planning from some of the region’s best.

Step One: Create An Invite List The first step to planning your holiday party is to consider what type of occasion you’re celebrating and which guests you want to invite. As the hostess with the mostest, Nancy talked about the importance of determining the appropriate audience and shared a few tips on building the guest list.

“The first thing to consider is what type of party you want to throw,” Nancy said.

Ask yourself: • “What is the occasion?”

• “Are children invited?”

• “Will the party be formal or informal?”

• “What time does the party start, and when will it end?”

You should also consider the type of floor plan you have and how many guests you can comfortably accommodate. As the president of the Reno/Tahoe Chapter of the National Association for Catering and Events, Andy emphasized the importance of maximizing your event space.

“You don’t want to create a bo leneck by placing your food and drinks in one place,” Andy said. “Guests should feel comfortable to spread out.”

He explained that you should have different stations for appetizers, drinks, and desserts if you’re planning an informal party. This will help ensure that guests can move around freely while maintaining social distance. If you want a formal experience, you need enough table space to sit and eat comfortably.

Keep in mind that you can rent various items from companies like Roundabout Catering & Party Rentals to create more space without the hassle of buying everything new.

“Don’t be afraid to move your holiday party outside,” Andy said. “You can rent patio heaters, tables, and tents to create a unique experience for guests during the cooler months.”

You’ll also promote a sense of safety, he added.

“Safety is the biggest trend right now.”

Step Two: Planning The Menu For the next step, start thinking about your menu.

As the Director of Facilities and Special Events at the Nevada Museum of Art, Nisha organizes some of the region’s premier social and business gatherings. However, she likes to keep the menu simple during her at-home holiday parties. She shared some of her favorite easy-to-cook menu items and tips for entertaining while in the kitchen.

“It’s best to choose menu items that don’t require your full a ention in the kitchen,” Nisha said. “Some of my favorites include hearty stews, roasts, or slowcooked meats.”

Stick with something you’re comfortable with, she added.

But there’s no need to stress over recipes if you’re not comfortable wearing an apron and chef hat. A local caterer or restaurant can help fill your table with delectable dishes.

Following the latest food and beverage trends will also help you create the perfect menu for your holiday party. Andy talked about the importance of following the seasonal produce guide and how The Club At Arrowcreek designs its menu using the freshest and highest quality ingredients.

“Elotes—Mexican corn slathered in spicy mayo and cotija cheese—was one of the biggest summer trends in the catering industry over the last several years,” Andy said. “People were all of a sudden crazy for street food.”

However, he added that it depends on where you live and what resources you have access to, especially if you’re offering a farm-to-table menu.

During the winter months, it’s all about comfort food. Andy suggested following cooking magazines like Bon Appetit and Food & Wine for the latest holiday recipes and trends.

“Food is the universal love language,” Andy said. “It’s all about the menu.”

As for beverages, don’t be a slave to the bar. Instead, consider bringing in a mixologist.

“You can offer guests delicious specialty cocktails and other drinks by hiring bartenders,” said Beth, the Director of Sales at Roundabout Catering & Party Rentals. “You are sure to impress your guests with seasonal libations from companies like Dusty Bo le and Petite Street.”

Step Three: Learn The Basics Of Table SeBing According to Food & Wine research, the biggest food and dining trends of 2021 include special occasion dining, individually served menu items, and at-home restaurant experiences. Although there are many ways to set a table, we’re sharing tips on how to set your formal dining table beautifully.

“You need first to consider what you’re going to serve and how you plan on serving it,” Andy said. “So, if you’re going to offer soup, then you need a soup spoon, and if you’re going to have salad, you need a salad fork.”

Once you understand the logic of table se ing, then everything should start to make more sense, he explained. It’s like Molly Brown from the Titanic said to Jack, “just start from the outside and work your way in.”

You also want to ensure the silverware and glassware are on the correct sides of the charger or dinner plate. Andy shared a tip to remember what goes where: “Make the ‘OK’ symbol with your thumb and pointer finger. Your le hand will make a lowercase ‘b for bread, and your right hand will make a lowercase ‘d’ for drinks.”

So, if you’re ever in doubt, just know that it will be OK. Here is an example of what tableware you will typically need for an intimate holiday party this season.

The Basics: What You Need: • One soup bowl • Three spoons (soup, dinner, dessert) • Three knives (salad, bu er, dessert) • Three plates (salad, bread, dinner) • Three glasses (water, red wine, white wine) • Four forks (salad, fish, dinner, dessert) • Coffee cup and saucer • Napkin • Placemat or tablecloth

• Place card • Salt and Pepper shakers Remember, these are general instructions for se ing a formal dining table, but it largely depends on what you plan on serving during your holiday party. We suggest starting with this example and seeing what works best for you.

Step 4: Follow The Latest Decor And Dining Trends You don’t need to be an interior designer to throw an unforge able holiday party this season. By following the latest home decor and luxury trends, you can turn your dining room into a luxurious five-star resort.

“Holiday-themed parties aren’t red and green anymore,” Andy said.

“People are a racted to more intricate color pale es now.”

Nowadays, it’s all about cozy textiles, natural textures, and warmer colors. So, throw those Santa-colored red and green cocktail napkins in the trash and spice up your party with earthly elements of wood, crystal, and mixed metals. Nisha suggested adding color and seasonal florals to the areas that guests are most likely to see first.

“Your front door and porch is the first location that the guests will experience,” Nisha said. “Se ing the stage is key for a successful party.”

Make sure that you don’t use heavily fragranced decor because it could take away from the experience and cause guests’ allergies, she added.

Nancy also likes to use fresh greenery and floral arrangements on her dining-room tables and pairs them with some of her most cherished holiday decorations.

“I have generations of decorations and handmade ornaments by my son that bring me an abundant amount of joy,” Nancy said. “I love unwrapping them and sharing them with others at my holiday parties.”

Step 5: Know Which Local Businesses Can Help I asked the party planning experts which local businesses can help you throw the best holiday party this season, and they came up with this detailed list. From cakes to seasonal flowers to world-class whiskey products, you can find just what you need for the perfect celebration.

Bakeries 1. Cake You Happy With customized cakes for special occasions, Cake You Happy can make all your cake dreams come true.

2. Franz’s Backstube Bakery Austrian pastries, cakes, pies, sandwiches, salads, soups, quiche—should we go on? This award-winning bakery has you covered for all your menu needs.

3. Nothing Bundt Cakes Pumpkin spice and everything nice, Nothing Bundt Cakes offers delicious cakes made with warmth and nostalgia of its home-kitchen roots.

Catering Companies 4. Celebrations Party Rentals If you’re on a budget or have limited space, this full-service rental and production company can provide you with fine china, chairs, tents, and more.

5. Liberty Food & Wine Exchange Are you looking for stress-free party planning options? Liberty Food & Wine Exchange can provide customized catering services to suit your unique needs.

6. Roundabout Catering & Party Rentals If you want to create an unforge able holiday party in Reno, this catering and party rental company can be your all-inone resource for all your menu and rental planning needs.

Charcuterie Companies 7. Hosted Charcuterie This local charcuterie business has turned charcuterie pla ers into an art form. Have you ever heard of charcuterie cones? Neither have we, before now.

8. The Cheese Board As a full-service bistro and catering company, this cheese and wine boutique is sure to have everything you need for

the perfect appetizer and more.

Chocolate Shops 9. Dorinda’s Chocolates As one of Reno’s finest chocolate shops, Dorinda’s Chocolates offers seasonal treats and sweets for every special occasion out there.

10. Chocolate Nugget Candy Factory With more than three generations’ experience, the Chocolate Nugget Candy Factory has just what you need to satisfy your sweet tooth.

Fabrics & Linens 11. Creative Coverings Need help pu ing your vision to life? Creative Coverings has an endless array of unique table linens that are moody, modern, and perfect for any occasion.

Florists 12. Amy’s Flowers This full-service florist has more than 20 years of experience serving the greater Northern Nevada region and artistically arranges and hand-delivers every order.

13. Devonwoods Florist From specialty soaps to gourmet chocolates to a wide selection of flowers, this Reno florist has everything you need to stimulate your senses.

14. Galena Forest Flowers With a same-day delivery service, this boutique floral design studio can bring color and plant-inspired living products to your home in no time.

15. Helianthus Floral With an exceptional eye for detail, this Reno florist can design the perfect vintage-inspired flower arrangement for your holiday party in Reno.

Meat & Seafood Companies 16. Blue Ribbon Meat & Butcher Shop Not your average meat deli—you can have your big game meats processed for you or order specialty items like Korean short ribs and handmade sausages.

17. Butcher Boys Meat Market This butcher shop has served the Reno community for more than 80 years and offers a wide variety of high-quality meat and seafood.

18. Sierra Gold Seafood Market This family-owned and operated market is your one-stop shop for fresh and quality seafood, offering wholesale prices for your menu needs.

Mobile Bars 19. Dusty Bo le Add some flair to your holiday party in Reno with this 1972 Airstream trailer that has been converted into a one-of-a-kind bartending and photo booth service.

20. Petite Street Who says you need to go out for drinks? Petite Street offers full-service vintage trailer bars that will come to you with cocktails and good times.

Spirits & Wine 21. Bently Heritage Estate Distillery Nestled at the base of the Sierra Nevada Mountains, this one-of-a-kind distillery offers ultra-premium spirits sourced from the Nevada grain.

22. Frey Ranch Distillery With over 165 years of generational farming and distilling expertise, Frey Ranch Distillery offers whiskey products to make any occasion special.

23. Whispering Vine Wine Co. If you need ideas about food and wine pairing or want to offer your guests the finest libations, then Whispering Vine Wine Co. is the place for you.

Step 6: Don’t Forget About The Small Details Do small details count? You bet your bo om dollar. When it comes to party planning, it’s about going the extra mile. We asked Andy, Beth, Nancy, and Nisha to share a few of their favorite ways to make guests feel special. Here’s what they said.

Andy says: I recommend having individual hand sanitizer bo les by the food or placed by any high-touch areas. Whether it’s a public or private event at your home, you always want to make sure that you’re promoting safe hygiene.

Beth says: My favorite small detail about party planning is sending guests home with gi s. At past events, I have gi ed bags of homemade toffee candies, mini coffee cakes, and local coffee for guests to enjoy the following day. These gestures will label your event as the “party of the year.”

Nancy says: The small details start with the guest invitation list and the purpose of the party. You want to ensure you’re taking into account everyone involved. So, if more than 20 guests are a ending, I will send a postcard to my neighbors to inform them of the event. When the day comes, I introduce guests to other guests and spend time with everyone to let them know how much I appreciate their a endance and catch up with them. I also love sending guests home with gi s from my garden or something like spices and olive oil that they will use every day.

Nisha says: You should always make your guests feel welcome. I like to give each guest a homemade or handmade parting gi such as a box of local artisan note cards from The Nevada Museum of Art Shop or a pouch of locally harvested juniper and lavender. Every time the guests use the note cards or smell the lavender satchel, the memory of your party will come flooding back.

Step 7: Remember That Community MaBers What do you love most about holiday parties? Whether it’s the food, drinks, entertainment, or all of the above, it wouldn’t be the same without our community. Here’s what our party planning pros had to say about what they love about events and community members working together during the holidays.

Andy says: I love connecting and building relationships with people. I’m like that weird cousin that knows everything about everyone. It’s also incredibly gratifying to see all your hard work come together. No event is the same—it keeps you on your toes and helps you become an excellent problem-solver.

Beth says: It’s always encouraging to see people give back to the community during holiday events. I recommend sponsoring a family or two at Christmas through the Boys and Girls Club of Truckee Meadows holiday program if you’re looking for an organization to support. At Roundabout, we buy gi s based on each family member’s wish list and then take them to the club together to give to the family.

Nancy says: If you’re looking for engaging activities to have at your party, then there are many resources at your fingertips.

You could invite Dr. Dennis Dworkin, a Historian at the University of Nevada, Reno. My friend Stephanie Kruse and I frequently introduce new community members to other well-known organizations like the Nevada Museum of Art, Renown Regional Medical Center, and Truckee Meadows Community College. I always try to include some aspect of our community at my events because I love where I live, and I love the generosity of the people here. In the past, I have invited the Nevada Gay Men’s Chorus to sing holiday carols and the Reno Chamber Orchestra to perform in my garden. I love entertaining guests by welcoming them into my home and community.

Nisha says: The holidays are about spending time with friends and family members while sharing good-quality laughs, recipes, and spirits. I love to support local small businesses. The last two years have been extremely hard for our community, especially our hospitality and small business owners. An easy way to support the community is by purchasing local ingredients for your party. If you appreciate a good cocktail, then I recommend Bently Heritage Ranch Distillery. For the freshest seafood, Sierra Gold Seafood Market is a must. For a sweet party treat, Dorinda’s sea salt caramels are one of my favorites.

At Dickson Realty, we want to help you throw the best and safest holiday party by connecting you to local businesses. If you want to learn more about available resources in the Northern Nevada community, contact one of our neighborhood experts today.

About our Author: Chris Galli is a fi h generation Reno native. He holds a bachelor of arts in economics from Vassar College. He’s deeply passionate about the Reno area and the quality of life it has to offer, and currently serves on the Board for the College of Liberal Arts at the University of Nevada, and the Board for Each One. Tell One., a cancer organization focused on dense breast tissue awareness. Chris loves home design, and enjoys rehabbing and investing in homes around the area, despite his frequent purchases of avocado toast.

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