LUXURY
REAL ESTATE MARKET REPORT SPRING-SUMMER 2022 LAKE TAHOE | TRUCKEE | RENO-SPARKS | CARSON VALLEY 1
CRYSTAL COAST | OFFERED AT $32,000,000 LISTED BY DONOVAN GROUP LUXURY TEAM
Contents Welcome . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
Luxury Insights
5
2021 Luxury & Lakefront Statistics
6-9
Significant Sales . . . . . . . . . . . . . . . . . . . . .
10-13
Chase Luxury Statistics . . . . . . . . . . . . . . . . .
14-18
Featured Luxury Listings . . . . . . . . . . .
19-29
Luxury Partnerships About Chase International
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CHASE INT ERNAT I ONAL .CO M 33
welcome Chase LIFE—live well, work well, love well! One of life’s highest blessings is choosing the right place
and whistles, the East Shore privacy is still a huge draw
to live. When your house is in order, when it is nice and
while South Lake Tahoe is gaining recreation momentum.
harmonious, it feels good to live in. The house we live in is
Truckee and Reno are clearly great options with something
important for our health. The call of the High Sierra echoes
for everyone. Clear Creek Tahoe’s golf club and lake living
gratitude, love and peace. We become more aware of our
complement the Carson Valley’s newly launched Freedom
neighbors from near and far while communing with nature,
Ranch Development with wide-open spaces and spectacular
creating a zone for our well-being and elevating our calling
Sierra views. The connection of Lake Almanor is emerging
in a space that is a protected national treasure.
as one of the best-kept secrets with beautifully appointed
Our economic opportunities flourish as we continue to welcome a real estate market exceeding people’s desires. Inventory is still being purchased at a robust rate, but the
golf communities. The High Sierra horse-shoe connects the Auburn, Roseville and Sacramento tri-counties area. Stay tuned for other High Sierra treasures.
market demands deeper attention to pricing. There is an up-
Each of our luxury specialists is finding new and creative
leveling of new home developments on a grand scale. The
ways to make magic for our clients! At Chase, we make
Tahoe Biltmore luxury project is transforming Crystal Bay
dreams come true! Discover how we can assist you!
with a new 7-star opportunity. Incline’s “Nine 47 Tahoe” is one to check out, too. There is always a place to love at Lake Tahoe. Amazing properties continue to grace the market. Crystal Cove Coast offers newly constructed waterfronts with the latest bells
CHASEINTERNATIONAL.COM
Luxury wishes, shari chase founder & ceo chase international
4
luxury
insights
Lake Tahoe
Truckee
The 2021 Lake Tahoe luxury market outperformed 2020 (our previous best year on record). The great migration to our area continues to keep inventory levels well below prior years, driving up the value of homes significantly.
Truckee continued to set records with 510 homes selling over $1 million, a 15% increase from 2020, which was also a record year. The median price was down 4% to $1,637,500 from $1,700,000. Volume was up an impressive 15% from our previous record-breaking 2020. Martis Camp continues to be the most affluent area in the Truckee market, with the highestpriced home selling for $12,950,000.
At the end of 2021, 781 single-family homes over $1 million were sold, an increase of 4% year over year. North and West Shore led the way with a 32% increase, followed by South Lake Tahoe at a 22% increase. Incline Village saw a decrease of 14%, and the East Shore was flat to the prior year, with numbers driven solely by a lack of inventory. Chase International sold three of the top four Incline Village and Crystal Bay homes in 2021. The top sale was a 1.2acre Incline Village lakefront, which sold for $47,500,000, followed by a four+/- acre Crystal Bay Lakefront Estate parcel and an Incline Village lakefront property for $32,500,000. Never in our history have we seen so many ultra-luxury estates sell in nine months. The trend continued into 2022 as Chase listed and sold the highest-priced listing thus far for $32 million. The North and West Shore, CA, led the lakefront sales with a 106% increase in volume. On the East Shore, lakefront sales volume was down 9% due to inventory. Median prices were up a staggering 192% in Incline Village, 34% in South Shore, and 35% on North and West Shore.
Reno-Sparks Reno-Sparks knocked it out of the park with a 78% increase in homes over $1 million, setting a record for the area. Sales volume was up 86%, and the median price was up 4%. Demand continues for properties between $2 and $5 million in Northern Nevada, with the highest-priced home in the Reno-Sparks area selling for $7,000,000 in the Fall of 2021.
Carson Valley Carson Valley continued its upward trajectory with a 74% increase in units sold over $1 million and an 83% increase in sales volume. The median price rose 14%. The highest price sale in the Carson Valley was $9,500,000, for which Chase represented both buyer and seller.
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480 GONOWABIE | OFFERED AT $28,850,000 LISTED BY DONOVAN GROUP LUXURY TEAM
Properties Sold Over $1 Million SINGLE FAMILY RESIDENTIAL HOMES 2021 VS 2020
p 0%
-2%
glenbrook, nevada
VOLUME 2021: $412,640,200 2020: $413,925,522
-1%
South Lake Tahoe
p 22%
p 22%
p 2%
p 59%
p 32%
-5%
-1%
-14%
p 11%
p 15%
p 15%
-4%
p 86%
p 78%
p 4%
p 83%
p 74%
p 14%
East Shore Lake Tahoe from stateline north to
california
West/North Shore california
Incline Village nevada
Truckee
northstar, squaw valley
and alpine ski areas, california
Reno/Sparks nevada
Carson Valley nevada
VOLUME 2021: $275,486,898 2020: $226,601,206
VOLUME 2021: $567,492,178 2020: $356,912,902
VOLUME 2021: $914,628,702 2020: $927,264,376
VOLUME 2021: $1,177,216,861 2020: $1,024,268,422
VOLUME 2021: $962,207,470 2020: $517,114,592
VOLUME 2021: $209,937,015 2020: $114,868,540
UNITS 2021: 118 2020: 119
UNITS 2021: 165 2020: 135
UNITS 2021: 213 2020: 161
UNITS 2021: 284 2020: 332
UNITS 2021: 510 2020: 443
UNITS 2021: 595 2020: 335
UNITS 2021: 113 2020: 65
MEDIAN PRICE 2021: $1,912,500 2020: $1,950,000
MEDIAN PRICE 2021: $1,325,000 2020: $1,295,000
MEDIAN PRICE 2021: $1,565,000 2020: $1,650,000
MEDIAN PRICE 2021: $1,925,000 2020: $1,736,000
MEDIAN PRICE 2021: $1,637,500 2020: $1,700,000
MEDIAN PRICE 2021: $1,375,900 2020: $1,327,183
MEDIAN PRICE 2021: $1,470,000 2020: $1,295,000
Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 1/5/22.
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7
Tahoe Lakefront Sales SINGLE FAMILY RESIDENTIAL HOMES 2021 VS 2020
MEDIAN PRICE $30M
192%
$25M
-10%
$20M $15M $10M 43%
35%
$5M
34% -48%
0 EAST SHORE $9,137,500 $6,375,000 2021 2020
SOUTH SHORE $5,200,000 2021
$3,867,500 2020
NORTH & WEST
INCLINE VILLAGE
$7,821,000 $5,800,000 2021 2020
$31,500,000 $10,775,000 2021 2020
VOLUME SOLD 106%
$200M
2%
$150M $125M
-9%
$100M $75M
+105%
$50M $25M
-6%
$0 EAST SHORE
SOUTH SHORE
NORTH & WEST
INCLINE VILLAGE
$146,525,000 $160,700,000 2021 2020
$34,581,000 $36,800,000 2021 2020
$236,167,250 $114,646,916 2021 2020
$212,170,594 $207,048,000 2021 2020
Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 1/5/22.
Tahoe Lakefront Sales SINGLE FAMILY RESIDENTIAL HOMES 2021 VS 2020
EAST SHORE
2021
2020
Change
Volume
$146,525,000
$160,700,000
-9%
Units
14
16
-13%
Median Price
$9,137,500
$6,375,000
43%
Average Price
$10,466,071
$10,043,750
4%
SOUTH SHORE
2021
2020
Change
Volume
$34,581,000
$36,800,000
-6%
Units
7
10
-30%
Median Price
$5,200,000
$3,867,500
34%
Average Price
$4,940,143
$3,680,000
34%
NORTH & WEST SHORE
2021
2020
Change
Volume
$236,167,250
$114,646,916
106%
Units
25
21
19%
Median Price
$7,821,000
$5,800,000
35%
Average Price
$9,446,690
$5,459,376
73%
INCLINE & CRYSTAL BAY
2021
2020
Change
Volume
$212,170,594
$207,048,000
2%
Units
7
16
-56%
Median Price
$31,500,000
$10,775,000
192%
Average Price
$30,310,085
$12,940,500
134%
Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 1/5/22.
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9
2021 Significant Chase Sales LUXURY SALES HIGHLIGHTS
Incline Village, Nevada
$47,500,000
Buyer Representation
Crystal Bay, Nevada
Crystal Bay, Nevada Seller Representation
$25,370,594
Seller Representation
CH AS EINTERN ATION A L .COM | 8 6 6 470 8 8 63
Tahoe Vista, California Buyer Representation
$18,000,000
2021 Significant Chase Sales LUXURY SALES HIGHLIGHTS
Meeks Bay, California
$33,000,000
Seller Representation
Incline Village, Nevada Seller Representation
Incline Village, Nevada
$32,000,000
Buyer Representation
$11,500,000
Tahoma, California
$11,100,000
Seller Representation
11 11
Significant New Home Sales LUXURY SALES HIGHLIGHTS
293 SOLD OR PENDING HOMESITES HOMESITES FROM $925,000 | LUXURY HOMES FROM $5,975,000
SOLD OUT RANGING FROM $895,000 TO $2,700,000
CH AS EINTERN ATION A L .COM | 8 6 6 470 8 8 63
Significant New Home Sales LUXURY SALES HIGHLIGHTS
SOLD OUT 9 LAKEFRONT CONDOMINIUMS
SOLD OUT 11 LUXURY MONTRÊUX RESIDENCES
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THE NIXON MANSION | OFFERED AT $15,900,000 LISTED BY DONNA SPEAR & TRINKIE WATSON
The
luxury leader
Chase continues to lead the luxury real estate market, selling more homes over $5, $10 and $20 million year after year after year. In 2021 we're proud to have sold $2.5 billion in real estate, serving 2,899 families and individuals. With a history of unparalleled success, in 1996 and 1998, when the highest-priced property sold in New York City was $12 million, Chase negotiated record-breaking sales of $50 million and $30 million, unheard of in the nation at that time. We held that record nationwide for eight years. Bolstered by our luxury heritage and strength of character, Chase Sales Executives excel at innovation, creativity and negotiation, bringing about a happy and productive result for each client. We are grateful to our loyal clientele, our talented colleagues and our dedicated real estate professionals for the success we have enjoyed for 36 years.
CHASEI NT ERN AT IO NAL.CO M 15 15
Properties Sold over $20 million NUMBER OF TRANSACTIONS SOLD, TOP FIVE COMPANIES 26 24 22 20 18 16 14 12 10 8 6 4 2 0 27
10
5
5
4
Sierra Sotheby’s
Lakeshore Realty
Tahoe Luxury Properties
Compass
Information gathered from MLS and County records. Transactions since 1989 through 12/31/2021.
The
luxury leader
Properties Sold over $10 million NUMBER OF TRANSACTIONS SOLD, TOP SIX COMPANIES
80
70
60
50
40
30
20
10
0
79
30
20
19
19
10
Sierra Sotheby’s
Lakeshore Realty
Coldwell Banker IV/ZC
Tahoe Luxury Properties
Engel & Volkers
Information gathered from MLS and County records. Transactions since 1995 through 12/31/2021.
The
luxury leader
17 17
Properties Sold over $5 million NUMBER OF TRANSACTIONS SOLD, TOP SIX COMPANIES
240 220 200 180 160 140 120 100 80 60 40 20 0
245
102
85
60
52
20
Sierra Sotheby’s
Coldwell Banker IV/ZC
Tahoe Luxury Properties
Lakeshore Realty
Engel & Volkers
Information gathered from MLS and County records. Transactions since 2013 through 12/31/2021.
The
luxury leader
Chase
luxury collection
EXTRAORDINARY PROPERTIES for EXTRAORDINARY PEOPLE
1919
Cedar Cove Breathtaking lakefront estate holding, ideally positioned on Lake Tahoe Nevada's sunny east shore. Exclusively offered at $48,000,000 | Susan Clemons & Clif Chase | 775 225 0430 | 775 815 1987 cedarcovetahoe.com
Crystal Pines A gated Nevada lakefront estate on 26+ acres with 750' of magnificent shoreline featuring a luxurious main residence, beach house, guest house, and boating amenities. Exclusively offered at $38,500,000 | Shari Chase | 775 762 6130 | crystalpinesatlaketahoe.com
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Crystal Coast This massive lakefront acreage is one of the last, great untouched swathes of land and includes one of Tahoe’s most prominent points. Offered At $32,000,000 | Donovan Group Luxury Team | 775 750 2190 | crystalcoasttahoe.com
Gonowabie Unparalleled design and quality, new construction lakefront estate with private pier on peaceful and private Gonowabie Road, in Crystal Bay, NV. Offered At $28,850,000 | Donovan Group Luxury Team | 775 750 2190 | 480gonowabietahoe.com
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Nixon Mansion Stunning mansion over-looking the Truckee River restored with a quality reminiscent of Old World Craftsmanship. Offered at $15,900,000 | Trinkie Watson | Donna Spear | 530 582 0722 | nixonmansion.com
Glenbrook Icon Step back in time and enter a bygone era at this historic property. Built in 1938 and extensively remodeled, this iconic .87-acre lakefront lodge offers stunning views of the majestic Sierra and the crystal blue waters of Lake Tahoe. Offered At $13,500,000 | Star Brooks & Susan Lowe | 775 750 2190 25
Sugarpine Enjoy panoramic lake views from every level in this low-elevation Lake Tahoe home. Offered At $13,000,000 | Tanya Soule | 775 690 2341
Greenridge Haven Stunning private estate within the heart of Reno. Newly constructed from the ground up. Offered at $9,950,000 | Donna Spear | 775 691 7947
Overlook Estate Dramatic new build overlooking the Carson Valley with spectacular mountain views. Offered At $10,000,000 | Clear Creek Sales Team | 775 781 2597
Cascade Lakefront living at its best with this beautifully built mountain log style home perched on the waters edge. Offered At $6,500,000 | Fawne Hayes | 530 416 2272
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NINE 47 Tahoe Refined luxury meets endless adventure. Residences starting at $2,500,000. Stacey Hanna
|
775 690 7078
|
nine47tahoe.com
Tahoe's Most Exciting New Mountain and Lake Community
Clear Creek
Clear Creek Tahoe Intimate. Private. Spacious.
INTIMATE. PRIVATE. SPACIOUS.
Homesites From $925,000. Homes starting at $5,975,000. Clear Creek Sales Team
|
775 781 2597
|
clearcreektahoe.com
HOMESITES FROM $360,000
|
C L E A R C R E E K TA H O E
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Our partnerships take your property into every global market. Chase International is connected to 550+ top-tier independent real estate brokerages, from the San Francisco Bay Area to New York City and beyond, spanning 60 countries on six continents around the globe, including our London office. Through this partnership we reach over 120,000 real estate agents, who represent more $1M+ properties than any other real estate company in the world. Together we close over $500 billion in annual sales, with one of our transactions closing every 15 minutes.
WHO’S WHO IN LUXURY REAL ESTATE A worldwide collection of top brokers representing the finest luxury properties across the globe, Who’s Who in Luxury Real Estate has been leading the real estate industry since 1986. This hand-selected group of more than 130,000 professionals with properties in more than 70 countries collectively sells over $300 billion of real estate annually, making it the most elite and comprehensive luxury real estate network in the world.
LUXURY PORTFOLIO INTERNATIONAL Luxury Portfolio International® is the luxury face of Leading Real Estate Companies of the World® the largest global network of premier locally branded companies dominated by many of the world's most powerful independent luxury brokerages.
LEADING REAL ESTATE COMPANIES OF THE WORLD Through this premier International magazine for luxury estates, Chase features its prestigious properties twice a year to target affluent clients. Its circulation includes an exclusive distribution to each member’s private database, and the world’s premier hotels, international airports and bookstores.
MAYFAIR INTERNATIONAL REALTY We have expanded our London office to include United Kingdom’s Mayfair International Realty in response to the increased traffic of overseas buyers. By doing so, we have further provided a marketing and sales platform for our properties to European investors. Mayfair International connects to 125 real estate brokerages with 350 offices, each with a stellar reputation in their respective countries. Country Life uploads all Chase properties over $1 million to their magazine website, Countrylife.co.uk. Country Life has been a national institution in the U.K. for over 100 years; a copy is hand-delivered to the Royal Family each week. Mayfair provides advertising and public relations opportunities to ensure maximum exposure for Chase International listings.
LEADING ESTATES OF THE WORLD Through this premier International magazine for luxury estates, Chase features its prestigious properties twice a year to target affluent clients. Its circulation includes an exclusive distribution to each member’s private database, and to the world’s premier hotels, international airports and bookstores. ARTISAN
GRO UP
ARTISAN GROUP The Artisan Group is a strategic alliance of high image real estate companies reaching from the greater San Francisco Bay area to Lake Tahoe. Chase clients benefit from this prestigious group’s network of professional luxury real estate brokers. Through this alliance, Chase is able to connect with qualified buyers in our major feeder markets.
CH ASEINTERN AT I ON A L .COM | 8 6 6 470 8 8 63
ONE COMPANY.
ONE HEART. ONE PHILOSOPHY.
$2.5 BILLION IN ANNUAL SALES. Chase International is one of the nation’s most successful independent real estate firms specializing in unique and distinctive properties in the Tahoe/Reno region. With more than 350 compassionate and determined REALTORS® in 12 locations, we are committed to our clients' success. We have more qualified luxury professionals and top lakefront specialists with the experience and connections to serve all your needs. We empower people to achieve unlimited possibilities, make magical life decisions, and bring peace and harmony into their lives. This is our secret power. Put the Chase Power of Success to work for you. THE LEADER IN LUXURY REAL ESTATE
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Zephyr Cove | Glenbrook | Incline Village | South Lake Tahoe | Tahoe City | Truckee Reno | Sparks | Carson Valley | Henderson | Roseville | London
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LUXURY
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