2019 Annual South Lake Tahoe Real Estate Market Report

Page 1

South Lake Tahoe

Market Report Annual 2019

Cover Property: 1707 Sherman by Gregory Ochoa

PRESENTED BY


LUXURIOUS EXQUISITE ALLURING DIVINE BREATHTAKING ASTONISHING BRILLIANT DAZZLING CAPTIVATING DREAM MODERN ENTICING SOPHISTICATED EXCEPTIONAL MAGNIFICENT HARMONIOUS MARVELOUS OLIVER OUTSTANDING FINE UNMATCHED LUXURY REAL ESTATE STATELY STRIKING ENCHANTING KEY ENTHRALLING STYLISH STUNNING TIMELESS ICONIC CHRISTIE’S UNPARALLELED SERENE INTERNATIONAL WARM UPSCALE WELCOMING ELEGANCE SENSATIONAL FABULOUS SPECTACULAR GLOBAL CONNECTIONS | LOCAL RESULTS SOUTH LAKE TAHOE OFFICE 212 ELKS POINT RD. 775.589.7100 OLIVERLUX.COM


FEATURED: 1707 SHERMAN by Gregory Ochoa | 775.339.1919

A Lake View home next to Heavenly Ski Resort! This very spacious 4,000sf, 7 bed, 4 bath, situated on a private .32 acre corner lot making it the ideal family or corporate retreat. The house was perfectly designed featuring an open kitchen/living/dining area sitting beneath wood beamed vaulted ceilings, 2 large balconies, a game room, an enclosed hot tub area, and 2 gas fireplaces. The gourmet kitchen features Viking stainless steel appliances, slab granite counters, a large island, custom cabinets, and jaw dropping lake views overlooking the copper sink. This home is only 2 miles from the Village which features the areas top restaurants, shopping, and nightlife activities.


2019 SIGNIFICANT SALES LISTING Sunnyside Lane 5020 West Lake 863 Lakeshore 135 Quiet Walk 850 West Lake 7155 Highway 3115 Jameson Beach 20282 Bordeaux 4510 North Lake 6720 Powderhorn 19440 Annie Lane 605 Tyner 260 George Giffen 105 Tobey 4849 Nestle 275 Glen 283 Robin 658 Riven Rock 5920 Lausanne

SALE PRICE $37,000,000 $16,400,000 $13,750,000 $10,500,000 $7,000,000 $6,330,000 $5,600,000 $4,500,000 $4,300,000 $4,300,000 $4,100,000 $3,200,000 $2,950,000 $2,730,000 $2,525,000 $2,450,000 $2,225000 $2,040,000 $1,899,000


EXCEPTIONAL PROPERTIES. EXTRAORDINARY LIVING. Oliver Luxury Real Estate is a boutique real estate firm specializing in luxury properties. We connect extraordinary people with some of the finest homes in the world by using our extensive knowledge, global affiliate network, and sincere approach to give them the insider treatment they deserve. OLIVERLUX.COM


5 6

South Lake Tahoe Neighborhoods

1

1 Cascade Properties

3

2 Fallen Leaf Lake 4

3 Tahoe Keys 4 Y Area 7

5 Stateline 6 Heavenly Valley

2

8

7 Pioneer Trail 8 Montgomery Estates

9

9 Country Club Estates 10

10 Meyers



ANNUAL REVIEW

EXCLUSIVE MARKET INSIGHTS FROM OUR TEAM

We’ve seen an increase in single family median home prices every year for the last 8 years, since 2012. The median home price in South Lake Tahoe as of November 2019 is currently $484,500. We are almost back to our April 2006 median home prices that peaked at $489,000. -Michelle Keck Broker Associate/Agent Oliver Luxury Real Estate


SINGLE FAMILY: LAKEFRONT

AVERAGE SALES PRICE

MEDIAN SALES PRICE

LOWEST SALES PRICE

HIGHEST SALES PRICE

$3,210,167

$3,435,000

$344,000

$5,800,000

-13.59% $4,000 $3,000 $2,000

$3,715,000

$1,000 $0

+24.46% $4,000

Total 2018

$3,000

$3,210,167

$2,000 $1,000 $0

Total 2019

$600

$2,760,000 Total 2018

Total 2019

$400

$7,500

$740,000

$5,000

$200

$2,500

$0

$0

Total 2018

Total 2019

$8,600,000 $5,800,000 Total 2018

Total 2019

AVERAGE DAYS ON MARKET

TOTAL PROPERTIES SOLD

% SOLD PRICE TO LIST PRICE

$28,891,500

98

9

96.6%

+94.42% $28,891,500

$20

$0

$3,435,000

-32.56% $10,000

TOTAL DOLLAR VOLUME SOLD

$30

$10

-53.51% $800

$14,860,000 Total 2018

Total 2019

-71.17% 10

300

8

200

6

340

100.00%

4

75.00% 50.00%

4

100

2

0

0

Total 2018

-0.64%

+125%

400

Total 2019

97.22%

96.60%

Total 2018

Total 2019

25.00%

Total 2018

Total 2019

775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM

0.00%


SINGLE FAMILY: NON-LAKEFRONT

AVERAGE SALES PRICE

MEDIAN SALES PRICE

LOWEST SALES PRICE

HIGHEST SALES PRICE

$563,580

$480,000

$175,000

$3,000,000

+2.96% $600 $400

$300 $200

$465,000

Total 2019

$0

$150 $100

$2,000

$202,500

Total 2018

Total 2019

$0

$175,000

Total 2018

$2,750,000

$3,000,000

$1,000 $0

Total 2019

Total 2018

Total 2019

AVERAGE DAYS ON MARKET

TOTAL PROPERTIES SOLD

% SOLD PRICE TO LIST PRICE

$322,931,182

108

573

96.58%

+5.88% 125

$300

100

$0

$200

$50

+2.24%

$100

+9.09% $3,000

TOTAL DOLLAR VOLUME SOLD

$400

$200

$480,000

$100

Total 2018

-13.58% $250

$400

$563,580

$547,390

$200 $0

+3.23% $500

$315,843,912

$322,931,182

75 50

102

108

25

Total 2018

Total 2019

0

Total 2018

Total 2019

-0.43%

-0.69% 600 400

100.00%

577

573

200 0

75.00% 50.00%

97.00%

96.58%

Total 2018

Total 2019

25.00%

Total 2018

Total 2019

775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM

0.00%


CONDO: LAKEFRONT

AVERAGE SALES PRICE

MEDIAN SALES PRICE

LOWEST SALES PRICE

HIGHEST SALES PRICE

$477,369

$359,000

$210,000

$1,225,000

-31.48% $800 $600 $400

$696,726

$200 $0

-30.29% $600

Total 2018

$400

$477,369 Total 2019

$200 $0

$200 $150

$515,000

$359,000

Total 2018

Total 2019

$100

$235,000

$2,000

$210,000

$1,000

$50 $0

Total 2018

$0

Total 2019

$2,600,000 Total 2018

Total 2019

AVERAGE DAYS ON MARKET

TOTAL PROPERTIES SOLD

% SOLD PRICE TO LIST PRICE

$6,205,800

75

13

95.8%

-53.12%

-42.75% 150

$10

100

$0

-52.88% $3,000

TOTAL DOLLAR VOLUME SOLD

$15

$5

-10.64% $250

$13,237,800 Total 2018

50

Total 2019

0

+1.91%

-31.58% 20 15

131

10

75 Total 2018

Total 2019

100.00%

13

5 0

75.00%

19 Total 2018

Total 2019

775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM

50.00%

94.00%

95.80%

Total 2018

Total 2019

25.00% 0.00%


CONDO: NON-LAKEFRONT

AVERAGE SALES PRICE

MEDIAN SALES PRICE

LOWEST SALES PRICE

HIGHEST SALES PRICE

$487,351

$345,750

$150,000

$1,389,000

+3.88% $400 $300 $200

$469,141

$487,351

+20%

$300 $200

Total 2018

Total 2019

$0

-18.29%

$150

$365,000

$345,750

$100

$100 $0

-5.27% $400

$500

Total 2018

Total 2019

$100 $50 $0

$2,000 $1,500

$150,000

$125,000

$1,000

Total 2018

$0

Total 2019

Total 2019

AVERAGE DAYS ON MARKET

TOTAL PROPERTIES SOLD

% SOLD PRICE TO LIST PRICE

$24,367,535

108

50

97.88%

-39.6%

+8%

+0.91%

-41.84%

125

100

100.00%

$40

100

75

75.00%

$30

75

$40,346,126

50

$24,367,535

$10 $0

Total 2018

$1,389,000

TOTAL DOLLAR VOLUME SOLD

$50

$20

$1,700,000

$500

Total 2018

Total 2019

100

108

50

25

25

0

0

Total 2018

Total 2019

86

50.00%

50 Total 2018

Total 2019

775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM

97.00%

97.88%

Total 2018

Total 2019

25.00% 0.00%


TAHOE KEYS: SINGLE FAMILY

AVERAGE SALES PRICE

MEDIAN SALES PRICE

LOWEST SALES PRICE

HIGHEST SALES PRICE

$1,026,486

$785,000

$421,000

$3,000,000

+3.49%

-10.69%

-6.44%

$1,250

$1,000

$500

$1,000

$750

$400

$750 $500

$991,909

$1,026,486

Total 2018

$879,000

$785,000

$250

$250 $0

$500

$0

Total 2019

$300 $200

Total 2018

$2,000

$421,000

Total 2019

$0

Total 2018

$2,750,000

$3,000,000

$1,000 $0

Total 2019

Total 2018

Total 2019

TOTAL DOLLAR VOLUME SOLD

AVERAGE DAYS ON MARKET

TOTAL PROPERTIES SOLD

% SOLD PRICE TO LIST PRICE

$52,350,800

127

51

94.65%

-2.26%

-5.22% 60

$40

100

40

$53,563,075 Total 2018

$52,350,800 Total 2019

50 0

134 Total 2018

+0.69%

-5.56%

150

$0

$450,000

$100

$60

$20

+9.09% $3,000

127 Total 2019

100.00%

54

20 0

75.00%

51

50.00%

94.00%

94.65%

Total 2018

Total 2019

25.00%

Total 2018

Total 2019

775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM

0.00%


TAHOE KEYS: CONDO

AVERAGE SALES PRICE

MEDIAN SALES PRICE

LOWEST SALES PRICE

HIGHEST SALES PRICE

$434,250

$423,750

$310,000

$560,000

-2.36%

-8.38%

$500

$500

$400

$400

$300 $200

$444,745

$434,250

$100 $0

$300 $200

$462,500

Total 2018

Total 2019

$0

Total 2018

Total 2019

-14.5% $800

$300

$600

$200 $100 $0

$400

$310,000

$240,000 Total 2018

$655,000

$200 $0

Total 2019

Total 2018

$560,000 Total 2019

TOTAL DOLLAR VOLUME SOLD

AVERAGE DAYS ON MARKET

TOTAL PROPERTIES SOLD

% SOLD PRICE TO LIST PRICE

$4,342,500

113

10

96%

-55.62% $5

$423,750

$100

$10 $8

+29.17% $400

+8.65% 125 100

$9,784,400

75 50

104

113

100.00%

20

75.00%

15 10

$3

25

5

$0

0

0

Total 2018

Total 2019

Total 2018

Total 2019

-2.04%

-54.55% 25

22

50.00%

98.00%

96.00%

Total 2018

Total 2019

25.00%

Total 2018

Total 2019

775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM

0.00%


SOUTH LAKE: SINGLE FAMILY

AVERAGE SALES PRICE

MEDIAN SALES PRICE

LOWEST SALES PRICE

HIGHEST SALES PRICE

$563,580

$480,000

$175,000

$3,000,000

+3.33% $600 $400

$300 $200

$466,500

Total 2019

$0

$150 $100

$2,000

$202,500

Total 2018

Total 2019

$0

$175,000

Total 2018

$2,750,000

$3,000,000

$1,000 $0

Total 2019

Total 2018

Total 2019

AVERAGE DAYS ON MARKET

TOTAL PROPERTIES SOLD

% SOLD PRICE TO LIST PRICE

$322,931,182

108

573

96.58%

+5.88% 125

$300

100

$0

$200

$50

+2.43%

$100

+9.09% $3,000

TOTAL DOLLAR VOLUME SOLD

$400

$200

$480,000

$100

Total 2018

-13.58% $250

$400

$563,580

$545,431

$200 $0

+2.89% $500

$315,258,912

$322,931,182

75 50

102

108

25

Total 2018

Total 2019

0

-0.43%

-0.87% 600

Total 2018

Total 2019

400

100.00%

578

573

200 0

75.00% 50.00%

97.00%

96.58%

Total 2018

Total 2019

25.00%

Total 2018

Total 2019

775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM

0.00%


SOUTH LAKE: CONDO

AVERAGE SALES PRICE

MEDIAN SALES PRICE

LOWEST SALES PRICE

HIGHEST SALES PRICE

$487,351

$345,750

$150,000

$1,389,000

+3.88% $400 $300 $200

$469,141

$487,351

+20%

$300 $200

Total 2018

Total 2019

$0

-18.29%

$150

$365,000

$345,750

$100

$100 $0

-5.27% $400

$500

Total 2018

Total 2019

$100 $50 $0

$2,000 $1,500

$150,000

$125,000

$1,000

Total 2018

$0

Total 2019

Total 2019

AVERAGE DAYS ON MARKET

TOTAL PROPERTIES SOLD

% SOLD PRICE TO LIST PRICE

$24,367,535

109

50

97.88%

-39.6%

+9.06%

+1.96%

-51.46%

125

125

100.00%

$40

100

100

75.00%

$30

75

75

$40,346,126

50

$24,367,535

$10 $0

Total 2018

$1,389,000

TOTAL DOLLAR VOLUME SOLD

$50

$20

$1,700,000

$500

Total 2018

Total 2019

100

109

50

25

25

0

0

Total 2018

Total 2019

103

50.00%

96.00%

97.88%

Total 2018

Total 2019

25.00%

Total 2018

Total 2019

775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM

0.00%


212 ELKS POINT RD.

|

OLIVERLUX.COM

|

775.589.7100

INCLINE VILLAGE | TAHOE CITY | ZEPHYR COVE | TRUCKEE | RENO


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