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