Dickson Realty Truckee Luxury Trends Year-End Report

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Luxury Trends 2015 Tahoe/Truckee Market Report

Year-End 2015 DicksonLuxury.com


Welcome

COVER PROPERTY FEATURED: 11910 Skislope Way Tahoe Donner $1,400,000 MLS #20153138

TO OUR 2015, LUXURY MARKET REPORT. Welcome to our 2015, year end Luxury Market Report highlighting the news and trends of luxury home sales in our region. In comparison to 2014, overall sales in the luxury market this past year were down by 34 units, but average sales prices increased. Martis Camp in Truckee continues to lead in luxury market sales, with 22 homes sold in 2015 at a total volume of over $105,745,000. Having just been named 2015 Curbed Cup Ski Town of the Year, defeating 16 of the top ski towns in the nation, Truckee has arrived into its own identity as a ski town, with upgrades in shopping and dining over the last several years, in addition to its access to 17 world-class ski resorts nearby. And with El Niño winter gracing us thus far with plenty of fresh powder for the winter enthusiast, we look forward to a steady growth in sales over one million dollars. Although interest rates are expected to rise slightly this year, the impact to sales over $1 million doesn’t have as much impact since the majority of sales are cash transactions. We hope you find the information useful in planning your next real estate sale or purchase. Our team of Dickson Realty Luxury Specialists look forward to serving you in 2016.

—Broker/Manager, Dickson Realty Truckee

2015 vs. 2014 Luxury Home Averages over $1 million

-18%

+3%

+1%

+19%

TOTAL UNITS SOLD

AVERAGE SOLD PRICE

AVERAGE PRICE PER SF

AVERAGE DAYS ON MARKET

2015: 156 2014: 190

2015: $2,509,322 2014: $2,440,952

2015: $672 2014: $664

2015: 178 2014: 150


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

Alpine Meadows

84

NUMBER OF SALES

$2,396,360

AVERAGE SALES $

$8,950,000

HIGHEST SALE $

3

NUMBER OF SALES

$1,593,333

29

NUMBER OF SALES

$2,635,345

AVERAGE SALES $

HIGHEST SALE $

$8,199,000

HIGHEST SALE $

Active Listings Over $1 Million

11%

$1,601,571 $2,400,000

31 $3,082,710 $9,950,000

Sold Listings Over $1 Million $5,000,000 and higher

$1,000,000– $1,999,999

51%

HIGHEST SALE $

7

West Shore

AVERAGE SALES $

$5,000,000 and higher

AVERAGE SALES $

$1,950,000

North Shore NUMBER OF SALES

Squaw Valley

10%

$1,000,000– $1,999,999

59%

$3,000,000– $4,999,999

18%

$3,000,000– $4,999,999

$2,000,000– $2,999,999

21%

17%

$2,000,000– $2,999,999

13%

$1,000,000– 93 Active Listings $1,999,999 $1,427,712 Average Price

$1,000,000– 92 Sold Listings $1,999,999 $1,381,776 Average Price

$2,000,000– 30 Active Listings $2,999,999 $2,475,433 Average Price

$2,000,000– 20 Sold Listings $2,999,999 $2,441,151 Average Price

$3,000,000– 38 Active Listings $4,999,999 $3,985,447 Average Price

$3,000,000– 28 Sold Listings $4,999,999 $3,816,181 Average Price

200 Average Days On Market

384 Average Days On Market

248 Average Days On Market

$5,000,000 20 Active Listings and higher $8,116,750 Average Price

249 Average Days On Market

162 Average Days On Market

183 Average Days On Market

183 Average Days On Market

$5,000,000 16 Sold Listings and higher $6,790,923 Average Price

252 Average Days On Market

Source: Tahoe Sierra Multiple Listing Service (TSMLS) transaction volume for all transactions over $1.5 million for all Truckee/North & West Lake Tahoe, CA, January 1-December 31, 2015, as of January 4, 2016.


Significant Dickson Sales in 2015

SOLD $2,350,000

SOLD $1,663,680

Seller Representation

Seller Representation

Seller & Buyer Representation

SOLD $1,400,000

SOLD $1,200,000

SOLD $1,200,000

Seller Representation

Seller & Buyer Representation

Seller Representation

SOLD $1,160,000

SOLD $1,125,000

SOLD $1,100,000

Seller Representation

Seller Representation

Lahontan

10310 Dick Barter

Pine Forest

Tahoe Donner

12744 Granite

11464 Sun Valley

Donner Lake

Truckee

Chinquapin

14106 Southshore

Cottonwood Restaurant

3600 N. Lake Blvd.

SOLD $1,500,000 Eagle Lakes

Donner Lake

Calpine

13535 Donner Pass

6200 County Road A-23

Seller Representation


Old Greenwood

10-Year Average Price & Median Price

2014

FROM LAST YEAR

MEDIAN PRICE

+8%

$1,482,500

2013

+4%

$1,503,750

2012

$1,449,500 $1,377,500

2011

$1,725,000

$1,570,000

2010

$1,655,000

$827,800 $650,000

2009

$1,013,750 $927,500

$1,570,000

$1,400,000

2008

$1,507,500

2007

$1,700,000

$1,875,000 2006

$1,599,500

$2,091,250 N/A

AVERAGE PRICE

FROM LAST YEAR

2015

10-Year Average Days On Market & Units Sold DAYS ON MARKET

+46% FROM LAST YEAR

UNITS SOLD

-20%

275 225 175 125 75 25

FROM LAST YEAR 2006

2007

2008

2009

2010

2011

2012

2013

2014

2015


Gray’s Crossing

10-Year Average Price & Median Price AVERAGE PRICE

$1,340,000

2012

$1,285,000

$804,000 $910,000

2011

$1,347,500

$759,060 $775,000

2010

$1,000,000

$952,088 $953,200

2009

$1,068,444

$998,000 $1,200,000

2008

$1,735,000

$1,625,000

2007

$1,369,875

$1,735,000

$1,625,000 2006

N/A

-6%

2013

2014

2015

FROM LAST YEAR

MEDIAN PRICE

-1%

FROM LAST YEAR

10-Year Average Days On Market & Units Sold DAYS ON MARKET

+26%

FROM LAST YEAR

475 425 375 325 275 225

UNITS SOLD

-13%

FROM LAST YEAR

175 125 75 25 2006

2007

2008

2009

2010

2011

2012

2013

2014

2015


Lahontan

10-Year Average Price & Median Price

-5%

$1,875,000

$1,953,000

$2,013,000

$1,650,000

$2,124,423

$1,575,000

$1,682,647

$1,560,000 $1,400,000

$1,549,318

$1,720,000

$1,705,545

$1,725,000

$1,708,990

2007

$2,000,000

$2,150,000

$2,350,000 2006

$2,180,454

$2,344,444

$2,495,227

AVERAGE PRICE

2008

2009

2010

2011

2012

2013

2014

2015

FROM LAST YEAR

MEDIAN PRICE

+4%

FROM LAST YEAR

10-Year Average Days On Market & Units Sold DAYS ON MARKET

+41%

FROM LAST YEAR

425 375 325 275 225

UNITS SOLD

+15%

FROM LAST YEAR

175 125 75 25 2006

2007

2008

2009

2010

2011

2012

2013

2014


Martis Camp

10-Year Average Price & Median Price $4,664,753

+25%

$3,711,988

$3,977,926

$3,603,571

$3,784,250

FROM LAST YEAR $4,650,000

$3,333,140

$3,300,000

$3,412,500

$2,295,000

$3,697,500

$2,595,000

2010

AVERAGE PRICE

MEDIAN PRICE

+40% FROM LAST YEAR

2011

2012

2013

2014

2015

10-Year Average Days On Market & Units Sold DAYS ON MARKET

+21%

FROM LAST YEAR

375 325 275 225 175

UNITS SOLD

-39%

FROM LAST YEAR

125 75 25 2010

2011

2012

2013

2014

2015


Northstar

10-Year Average Price & Median Price

2013

+39%

FROM LAST YEAR $1,427,500

$1,009,568 $830,000

2012

$1,300,000

$835,591 $600,000

2011

$1,863,750

$1,341,133

$765,000

2010

$1,005,461

2009

$1,454,250

$937,500

2008

$1,474,250

$1,250,800 $1,195,000

$1,210,000

$1,162,500

2007

$1,928,545

$1,589,000

$1,276,777 2006

AVERAGE PRICE

MEDIAN PRICE

+10%

FROM LAST YEAR 2014

2015

10-Year Average Days On Market & Units Sold DAYS ON MARKET

+9%

FROM LAST YEAR

375 325 275 225 175

UNITS SOLD

-60% FROM LAST YEAR

125 75 25 0

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015


Squaw Valley-Alpine Meadows - $1MM+

10-Year Average Price & Median Price

FROM LAST YEAR

MEDIAN PRICE

-11%

$1,605,000

2014

-23%

$1,559,100

$1,800,000

2013

$2,066,133

$1,836,250

2012

$2,307,638

$1,235,000

2011

$1,355,000

$1,637,500

2010

$1,747,916

$1,462,500

2009

$1,874,107

$1,287,500

2008

$1,616,625

$2,200,000

$1,842,500

$1,600,000

2007

$2,463,863

$2,020,428

$1,892,423 2006

AVERAGE PRICE

FROM LAST YEAR

2015

10-Year Average Days On Market & Units Sold DAYS ON MARKET

+212% FROM LAST YEAR

UNITS SOLD

-33%

FROM LAST YEAR

300 250 200 150 100 50 0 2006

2007

2008

2009

2010

2011

2012

2013

2014

2015


Lake Tahoe, CA - $1MM+

10-Year Average Price & Median Price

+.04%

$2,866,484

$2,854,576

$2,661,674 $2,050,000

$1,775,000

$2,100,000

$2,900,000

2011

$3,571,864

$2,300,000

2010

$2,593,337

$2,150,000

2009

$3,193,780

$2,132,500

2008

$2,626,791

$1,437,500

$1,587,500

$1,500,000

2007

$3,169,112

$2,641,765

$2,433,548 2006

AVERAGE PRICE

2013

2014

2015

FROM LAST YEAR

MEDIAN PRICE

+18%

FROM LAST YEAR 2012

10-Year Average Days On Market & Units Sold DAYS ON MARKET

+33%

FROM LAST YEAR

300 250 200 150

UNITS SOLD

+2%

FROM LAST YEAR

100 50 0 2006

2007

2008

2009

2010

2011

2012

2013

2014

2015


TRUCKEE 530.587.7444 DOWNTOWN RENO 775.324.7000

NEW OFFICE! GRAEAGLE 530.836.1700

CAUGHLIN RANCH 775.746.7000

DAMONTE RANCH 775.850.7000

NEW OFFICE! DONNER LAKE 530.587.4811 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.

SPARKS 775.685.8800


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