Luxury Trends 2nd Quarter 2022 Tahoe/Truckee Market Report
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11635 Sawtooth Court $1,500,000 Martiswoods Estates DicksonLuxury.com
WELCOME TO OUR 2ND QUARTER 2022
COVER PROPERTY FEATURED
11635 SAWTOOTH COURT MARTISWOODS ESTATES MLS # 20221638
LUXURY HOME MARKET REPORT
The landscape of the Truckee-Tahoe real estate market has undergone a change, with a more “normal” level of activity than we’ve experienced over the past 2+ years. This slower trend for real estate sales should prove to be a “not so frenzied experience” for buyers and yet will still allow sellers the opportunity to realize significantly high prices. However, with prices rising dramatically over the past couple of years, we are increasing our “luxury home” price point to start at $1,250,000. From January thru June of 2020, there were just 86 homes sold at or above $1,250,000, whereas for the same period this year, there were 242 homes sold. The actual number of homes sold these first 2 quarters of 2022 was almost identical to the number sold during the same first 6 months of 2021. Average sales prices as well as average prices per square foot were up just slightly, but the average days on the market decreased by about 2 weeks. We expect standing inventory to increase over the next month or so, but we expect a slowdown in price appreciation. And although almost half of the luxury home sales are cash purchases, those needing to obtain a loan should be aware that financial experts expect interest rates to rise again by the end of July. Wishing everyone a beautiful summer, wherever you are, and hopefully it’s in our beautiful Truckee Tahoe region!
—Broker/Manager, Dickson Realty Truckee
Luxury Home Averages Over $1.25 Million January - June 2022 compared to January - June 2021
-1%
+2%
+6%
-27%
TOTAL UNITS SOLD
AVERAGE SOLD PRICE
AVERAGE PRICE PER SF
AVERAGE DAYS ON MARKET
2022: 242 2021: 244
2022: $2,875,142 2021: $2,808,590
2022: $951 2021: $895
2022: 33 2021: 45
Data Source: Tahoe Sierra Multiple Listing Service (TSMLS) as of July 11th, 2022
Luxury Home Sales over $1.25 Million Truckee NUMBER OF SALES AVERAGE SALES $ HIGHEST SALE $
Palisades Tahoe NUMBER OF SALES
167 $2,900,068 $14,400,000
North Shore, Lake Tahoe, CA NUMBER OF SALES AVERAGE SALES $ HIGHEST SALE $
HIGHEST SALE $
$5,950,000
AVERAGE SALES $
$23,650,000
HIGHEST SALE $
18 $2,318,333 $6,000,000
Active Listings Over $1.25 Million
$5,000,001 and higher
$5,000,001 and higher
10%
19%
14%
$1,250,000– $2,000,000
44%
$3,000,001– $5,000,000
18%
$2,000,001$3,000,000
25%
$2,840,000
NUMBER OF SALES
Sold Listings Over $1.25 Million $3,000,001– $5,000,000
AVERAGE SALES $
West Shore, Lake Tahoe, CA
30 $3,128,600
15
$1,250,000– $2,000,000
$2,000,001$3,000,000
51% $1,250,000– 123 Sold Listings $2,000,000 $1,534,817 Average Price
$1,250,000– 76 Active Listings $2,000,000 $1,592,705 Average Price
$2,000,001– 61 Sold Listings $3,000,000 $2,501,031 Average Price
$2,000,001– 33 Active Listings $3,000,000 $2,579,242 Average Price
$3,000,001– 35 Sold Listings $5,000,000 $3,974,542 Average Price
$3,000,001– 30 Active Listings $5,000,000 $4,065,068 Average Price
$5,000,001 23 Sold Listings and higher $9,362,173 Average Price
$5,000,001 32 Active Listings and higher $11,869,343 Average Price
20 Average Days On Market
37 Average Days On Market
61 Average Days On Market
50 Average Days On Market
19%
37 Average Days On Market
45 Average Days On Market
78 Average Days On Market
46 Average Days On Market
Data Source: Tahoe Sierra Multiple Listing Service (TSMLS) as of July 9th, 2022
Recent Dickson Sales
$4,190,000
Seller Representation by Dickson Realty
$3,100,000
Seller Representation by Dickson Realty
$2,750,000
Buyer Representation by Dickson Realty
$3,500,000
Donner Lake
Buyer Representation by Dickson Realty
Lahontan
Buyer Representation by Dickson Realty
Tahoe Donner
Seller Representation by Dickson Realty
$2,950,000
$2,510,000
Incline Village
Carnelian Bay
Tahoe Donner
Recent Dickson Sales
$2,375,000
Seller Representation by Dickson Realty
$2,260,000
Seller Representation by Dickson Realty
$2,200,000
Buyer Representation by Dickson Realty
$2,300,000
Tahoe Donner
Buyer Representation by Dickson Realty
Tahoe Donner
Buyer Representation by Dickson Realty
Tahoe Donner
Seller Representation by Dickson Realty
$2,210,000
$2,155,000
Grays Crossing
Tahoe Donner
Tahoe Donner
Recent Dickson Sales
$2,000,000
Buyer & Seller Representation by Dickson Realty
$1,799,000
Seller Representation by Dickson Realty
$1,610,000
Buyer & Seller Representation by Dickson Realty
Tahoe Donner
Tahoe Donner
Tahoe Donner
$1,945,000
Buyer & Seller Representation by Dickson Realty
$1,681,000
Seller Representation by Dickson Realty
$1,600,000
Seller Representation by Dickson Realty
Northstar
Tahoe Donner
Truckee Business Park
Recent Dickson Sales
$1,575,000
Buyer Representation by Dickson Realty
$1,425,000
Seller Representation by Dickson Realty
$1,375,000
Buyer Representation by Dickson Realty
Tahoe Donner
Tahoe Donner
Cambridge Estates
$1,475,000
Skyland
Buyer Representation by Dickson Realty
$1,376,000
Buyer & Seller Representation by Dickson Realty
$1,375,000
Buyer Representation by Dickson Realty
Tahoe Donner
Tahoe Donner
Recent Dickson Sales
$1,315,000
Seller Representation by Dickson Realty
$1,300,000
Seller Representation by Dickson Realty
$1,258,000
Seller Representation by Dickson Realty
$1,300,000
Tahoe Donner
Buyer Representation by Dickson Realty
Tahoe Donner
Seller Representation by Dickson Realty
Tahoe Donner
Buyer & Seller Representation by Dickson Realty
$1,300,000
$1,250,000
Tahoe Donner
Northstar
Donner Lake
Current Luxury Listings In Escrow
$7,000,000
Rue Ivy MLS#20202885
$2,395,000
13595 Hillside Drive MLS# 20221571
$1,899,000
1065 Martis Landing MLS# 20220776
Truckee
Tahoe Donner
Northstar
$3,000,000
11820 Eagle Lakes Road #MLS 20220989
$2,250,000
14498 Swiss Lane MLS# 20220854
$1,800,000
Glenshire Drive MLS# 20220005
Donner Summit
Tahoe Donner
Glenshire
Current Luxury Listings
$1,699,000
14627 Alder Creek Road MLS# 20221313
$1,595,000
11426 Lausanne Way MLS# 20221192
$1,685,000
Tahoe Donner
1155 Canterbury Drive MLS# 20221568
Tahoe Donner
11635 Sawtooth Court MLS# 20221638
$1,500,000
Kingswood Estates
Martiswoods Estates
Old Greenwood
January-June 2022 vs. 2021 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2022
2021
AVERAGE PRICE
$2,037,442
-.8%
$2,053,363
FROM LAST YEAR
MEDIAN PRICE
$1,692,327
-8%
$1,840,090
FROM LAST YEAR
Average Days on Market vs. Units Sold 2022
2021
DAYS ON MARKET
+1100% FROM LAST YEAR
UNITS SOLD
0%
FROM LAST YEAR
24
2
DAYS ON MARKET
6 UNITS SOLD
6
Gray’s Crossing
January- June 2022 vs. 2021 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2022
2021
AVERAGE PRICE
$2,640,870
+23.9%
$2,131,983
FROM LAST YEAR
MEDIAN PRICE
$2,700,000
+27.1%
$2,125,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2022
2021
DAYS ON MARKET
+67%
FROM LAST YEAR
UNITS SOLD
-17%
FROM LAST YEAR
25
15
DAYS ON MARKET
10
UNITS SOLD
12
Lahontan
January-June 2022 vs. 2021 Average vs. Median Average vs. Median Price AVERAGE $
2022 2018 2021
AVERAGE PRICE
+6.2%
$3,817,442 $3,594,444
FROM LAST YEAR
MEDIAN $
MEDIAN PRICE
+9%
$3,895,000 $3,575,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2022
2021
DAYS ON MARKET
+33%
FROM LAST YEAR
UNITS SOLD
+89%
FROM LAST YEAR
53
40
DAYS ON MARKET
17 UNITS SOLD
9
Schaffer’s Mill
January-June 2022 vs. 2021 Average vs. Median Average vs. Median Price AVERAGE $
2022 2018 2021
AVERAGE PRICE
+45.5%
$2,806,535 $1,929,166
FROM LAST YEAR
MEDIAN $
MEDIAN PRICE
+28.4%
$2,375,000 $1,850,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2022
2021
DAYS ON MARKET
+66%
FROM LAST YEAR
UNITS SOLD
+56%
FROM LAST YEAR
53
32
DAYS ON MARKET
14 UNITS SOLD
9
Martis Camp
January-June 2022 vs. 2021 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2022
2021
AVERAGE PRICE
$9,851,875
+49.8%
$6,575,961
FROM LAST YEAR
MEDIAN PRICE
$10,197,500
+81.3%
$5,625,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2022
2021
DAYS ON MARKET
-23%
FROM LAST YEAR
UNITS SOLD
-38% FROM LAST YEAR
41
53
DAYS ON MARKET
16
26
UNITS SOLD
Northstar
January-June 2022 vs. 2021 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2022
2021
AVERAGE PRICE
$1,997,440
-15.6%
$2,344,064
FROM LAST YEAR
MEDIAN PRICE
$1,840,000
-6.3%
$1,964,169
FROM LAST YEAR
Average Days on Market vs. Units Sold 2022
2021
DAYS ON MARKET
-35%
FROM LAST YEAR
UNITS SOLD
+17%
FROM LAST YEAR
42
65
DAYS ON MARKET
28
24
UNITS SOLD
Palisades Tahoe
January-June 2022 vs. 2021 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2022
2021
AVERAGE PRICE
$2,422,022
+17%
$2,070,190
FROM LAST YEAR
MEDIAN PRICE
$2,387,500
+29.8%
$1,839,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2022
2021
DAYS ON MARKET
-11%
FROM LAST YEAR
UNITS SOLD
-8%
FROM LAST YEAR
72
81
DAYS ON MARKET
22
24
UNITS SOLD
Lake Tahoe, CA – North Shore
January-June 2022 vs. 2021 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2022
2021
AVERAGE PRICE
$2,866,810
+24.8%
$2,297,757
FROM LAST YEAR
MEDIAN PRICE
$1,860,000
+14%
$1,632,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2022
2021
DAYS ON MARKET
+14%
FROM LAST YEAR
UNITS SOLD
-14%
FROM LAST YEAR
42
37
DAYS ON MARKET
37
43
UNITS SOLD
Lake Tahoe, CA – West Shore
January-June 2022 vs. 2021 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2022
2021
AVERAGE PRICE
$2,263,250
-40.6%
$3,808,055
FROM LAST YEAR
MEDIAN PRICE
$1,670,000
-19.5%
$2,075,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2022
2021
DAYS ON MARKET
-54%
FROM LAST YEAR
UNITS SOLD
-44%
FROM LAST YEAR
30
65
DAYS ON MARKET
20
36
UNITS SOLD
Tahoe Donner
January-June 2022 vs. 2021 Average vs. Median Average vs. Median Price
MEDIAN $
AVERAGE $
2022
2021
AVERAGE PRICE
$1,683,210
+9.8%
$1,533,272
FROM LAST YEAR
MEDIAN PRICE
$1,560,000
+9.5%
$1,425,000
FROM LAST YEAR
Average Days on Market vs. Units Sold 2022
2021
DAYS ON MARKET
+38%
FROM LAST YEAR
UNITS SOLD
+68% FROM LAST YEAR
18
13
DAYS ON MARKET
69 UNITS SOLD
41
INDUSTRY-LEADING SALES. As a member of Leading Real Estate Companies of the World,® our company is a global — not just local — real estate company working on your behalf. LeadingRE provides world-class marketing and resources, allowing us to provide the very best services. Our invitation-only network was responsible for $405 billion in annual home sales volume among the top 500 U.S. real estate firms in 2021. 2021 U.S. HOME SALES VOLUME AMONG THE TOP 500 U.S. REAL ESTATE FIRMS.
$405
LEADINGRE
$353
KELLER WILLIAMS
NETWORKS, FRANCHISES AND COMPANIES
$317
COLDWELL BANKER
$251
COMPASS BERKSHIRE HATHAWAY HOMESERVICES
$139 $132
EXP REALTY SOTHEBY’S INTERNATIONAL REALTY
$115
RE/MAX
$113 $39
CENTURY 21
$35
HOMESMART INTERNATIONAL
Volume shown in billions of dollars. For informational purposes only. In compiling this report, LeadingRE relies on third party sources. The information set forth in the chart above is sourced from REAL Trends Top 500 for 2021, realtrends.com. Neither LeadingRE nor its member companies are responsible for the accuracy of third-party data presented herein.
1.2
million annual global transactions
$586
billion total annual home sales volume
550
companies
4,700 offices
136,000 sales
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