South Lake Tahoe
Market Report Q4 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.
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
QUARTERLY COMMENTARY 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
$4,086,000
$5,200,000
$344,000
$5,600,000
+185.14% $4,000 $3,000 $2,000
+300% $6,000
$5,000
$1,433,000
$4,000 $2,000
$1,000 $0
Q4 2019
+229.41%
$500
$6,000 $4,000
$1,299,000
$0
Q4 2018
Q4 2019
$1,700,000
$2,000 $0
Q4 2018
Q4 2019
Q4 2018
Q4 2019
TOTAL DOLLAR VOLUME SOLD
AVERAGE DAYS ON MARKET
TOTAL PROPERTIES SOLD
% SOLD PRICE TO LIST PRICE
$16,344,000
63
4
97.12%
+280.18% $20
$10
$1,000
$1,300,000
$0
Q4 2018
$15
-73.52% $1,500
$4,299,000
$5
-59% 4
150
3
100
2
50
$0
153.67
1
0
Q4 2018
Q4 2019
+0.12%
+33.33%
200
100.00%
3
4
Q4 2019
50.00%
97.00%
97.12%
Q4 2018
Q4 2019
25.00%
0
Q4 2018
75.00%
0.00%
Q4 2018
Q4 2019
775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM
SINGLE FAMILY: NON-LAKEFRONT
AVERAGE SALES PRICE
MEDIAN SALES PRICE
LOWEST SALES PRICE
HIGHEST SALES PRICE
$534,315
$459,500
$187,500
$2,225,000
-3.32% $600 $400 $200
+1.21%
$534,315
$300 $200 $0
Q4 2019
$200 $100
$2,500 $2,000 $1,500
$260,500
$1,000
$187,500
$0
Q4 2018
Q4 2019
$2,127,500
$2,225,000
Q4 2018
Q4 2019
$500 $0
Q4 2018
Q4 2019
TOTAL DOLLAR VOLUME SOLD
AVERAGE DAYS ON MARKET
TOTAL PROPERTIES SOLD
% SOLD PRICE TO LIST PRICE
$91,902,100
97
172
96.56%
+21.38% $100 $75
$25
$459,500
$454,000
$100
Q4 2018
+4.58%
$300
$400
$552,638
$0
$50
-28.02%
$500
$75,711,380
$91,902,100
-9.75% 200
100.00%
100
150
75.00%
75 50
107
97
Q4 2018
Q4 2019
25
$0
0
Q4 2018
Q4 2019
-0.45%
+25.55%
125
100 50
137
172
0
50.00%
97.00%
96.56%
Q4 2018
Q4 2019
25.00% 0.00%
Q4 2018
Q4 2019
775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM
CONDO: LAKEFRONT
AVERAGE SALES PRICE
MEDIAN SALES PRICE
LOWEST SALES PRICE
HIGHEST SALES PRICE
$350,000
$350,000
$275,000
$425,000
-75.58% $1,500 $1,000
$1,433,000
$500
-73.08% $1,500
$1,000
$1,000
$500
$0
$1,300,000
Q4 2019
-75% $2,000 $1,500
$1,299,000
$1,000 $500
$0
Q4 2018
Q4 2019
$1,700,000
$0
Q4 2018
Q4 2019
Q4 2018
Q4 2019
TOTAL DOLLAR VOLUME SOLD
AVERAGE DAYS ON MARKET
TOTAL PROPERTIES SOLD
% SOLD PRICE TO LIST PRICE
$700,000
52
2
95.38%
-83.72%
-66.48%
$5
200
$4
150
$2
$500
$0
Q4 2018
$3
-78.83%
$1,500
$4,299,000
100 50
$1 $0
2
154
Q4 2019
100.00% 75.00%
3 2
1
0
Q4 2018
+0.4%
-33.33% 3
0
Q4 2018
Q4 2019
50.00%
95.00%
95.38%
Q4 2018
Q4 2019
25.00% 0.00%
Q4 2018
Q4 2019
775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM
CONDO: NON-LAKEFRONT
AVERAGE SALES PRICE
MEDIAN SALES PRICE
LOWEST SALES PRICE
HIGHEST SALES PRICE
$463,382
$315,000
$207,000
$1,105,000
+2.35% $400 $300 $200
=0.00% $800
$500
$452,735
$463,382
$600
$100
$200
$0
$0
Q4 2018
$315,000
Q4 2019
$1,500
$150
$215,000
$207,000
$1,000
$50
$500
$0
$0
Q4 2019
Q4 2018
Q4 2019
$1,700,000 Q4 2018
$1,105,000 Q4 2019
AVERAGE DAYS ON MARKET
TOTAL PROPERTIES SOLD
% SOLD PRICE TO LIST PRICE
$6,023,960
130
13
98.45%
-21.73% $4
$200 $100
Q4 2018
-35% $2,000
TOTAL DOLLAR VOLUME SOLD
$8 $6
$315,000
$400
-3.72% $250
+32.3% 150
$7,696,500
$2
100
$6,023,960
$0
50
98
130
0
Q4 2018
Q4 2019
+2.88%
-23.53% 20
100.00%
15
75.00%
10 5
17
50.00%
13
0
Q4 2018
Q4 2019
95.69%
98.45%
Q4 2018
Q4 2019
25.00% 0.00%
Q4 2018
Q4 2019
775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM
TAHOE KEYS: SINGLE FAMILY
AVERAGE SALES PRICE
MEDIAN SALES PRICE
LOWEST SALES PRICE
HIGHEST SALES PRICE
$1,350,714
$932,000
$560,000
$5,300,000
+33.92% $1,500
$1,008,621
$1,350,714
$750 $500
$932,000
Q4 2018
Q4 2019
$0
Q4 2018
Q4 2019
$200
$4,000
$560,000
$450,000
$2,127,500
$2,000
$0
$0
Q4 2018
Q4 2019
Q4 2018
Q4 2019
TOTAL DOLLAR VOLUME SOLD
AVERAGE DAYS ON MARKET
TOTAL PROPERTIES SOLD
% SOLD PRICE TO LIST PRICE
$18,910,000
136
14
95.64%
+33.92% $20
-2.15%
$14,120,700
$18,910,000
$0
100 50
30
139
136
0
Q4 2018
Q4 2019
+16.63%
=0.00%
150
$15
$5
+149.12% $6,000
$400
$1,075,000
$250
$0
$10
+24.44% $600
$1,000
$1,000 $500
-13.3% $1,250
20
14
14
100.00%
50.00% 10
25.00%
0
Q4 2018
Q4 2019
75.00%
82.00%
95.64%
0.00%
Q4 2018
Q4 2019
775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM
Q4 2018
Q4 2019
TAHOE KEYS: CONDO
AVERAGE SALES PRICE
MEDIAN SALES PRICE
LOWEST SALES PRICE
HIGHEST SALES PRICE
$310,000
$310,000
$310,000
$310,000
-35.37% $500 $400 $300 $200
-33.9% $400
$479,667
$300
$310,000
$100 $0
Q4 2018
$200
$469,000
$0
Q4 2018
-52.67%
$400
$800
$300
$600
$200
$310,000
$100
Q4 2019
$100
$315,000
$310,000
Q4 2018
Q4 2019
$400 $200
$0
Q4 2019
$655,000
$0
Q4 2018
Q4 2019
TOTAL DOLLAR VOLUME SOLD
AVERAGE DAYS ON MARKET
TOTAL PROPERTIES SOLD
% SOLD PRICE TO LIST PRICE
$620,000
105
2
93.24%
-56.91% $2 $1
-1.59%
$500
+27.44% 125 100
$1,439,000
75 50
$1
25
$0
82
105
0
Q4 2018
Q4 2019
-3.26%
-33.33% 3 2
100.00% 75.00%
3 2
1 0
Q4 2018
Q4 2019
50.00%
96.38%
93.24%
Q4 2018
Q4 2019
25.00% 0.00%
Q4 2018
Q4 2019
775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM
SOUTH LAKE: SINGLE FAMILY
AVERAGE SALES PRICE
MEDIAN SALES PRICE
LOWEST SALES PRICE
HIGHEST SALES PRICE
$615,035
$460,000
$187,500
$5,600,000
+11.29%
+1.32%
$800
$500
$600
$400
$400 $200
$552,638
$615,035
Q4 2018
Q4 2019
$0
$300 $200
$454,000
$460,000
Q4 2018
Q4 2019
$100 $0
$100
$4,000
$260,500
$2,127,500
$2,000
$187,500
$0
Q4 2018
Q4 2019
Q4 2018
Q4 2019
AVERAGE DAYS ON MARKET
TOTAL PROPERTIES SOLD
% SOLD PRICE TO LIST PRICE
$108,256,100
117
176
96.55%
+8.97% 125
$100
100
$75
75
$0
$200
$0
+42.97%
$25
+163.22% $6,000
TOTAL DOLLAR VOLUME SOLD
$125
$50
-28.02% $300
$75,711,380 Q4 2018
$108,246,100
50
107
117
Q4 2018
Q4 2019
0
Q4 2019
100.00%
150
75.00%
100 50
25
+0.3%
+28.47% 200
137
176
50.00%
96.36%
96.65%
Q4 2018
Q4 2019
25.00%
0
0.00%
Q4 2018
Q4 2019
775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM
SOUTH LAKE: CONDO
AVERAGE SALES PRICE
MEDIAN SALES PRICE
LOWEST SALES PRICE
HIGHEST SALES PRICE
$448,264
$315,000
$207,000
$1,105,000
-25.26% $600 $400
-11.89% $400 $300
$599,775
$448,264
$200 $0
$200
$357,500
$100 $0
Q4 2018
Q4 2019
Q4 2018
$200
$1,500
$150 $100
$215,000
$207,000
$1,000
$50
$500
$0
$0
Q4 2019
Q4 2018
Q4 2019
$1,700,000 Q4 2018
$1,105,000 Q4 2019
AVERAGE DAYS ON MARKET
TOTAL PROPERTIES SOLD
% SOLD PRICE TO LIST PRICE
$6,723,960
120
15
98.11%
-43.95% $10 $5
-35% $2,000
TOTAL DOLLAR VOLUME SOLD
$13 $8
$315,000
-3.72% $250
$11,995,500
$0
Q4 2018
Q4 2019
+2.98%
-28.57% 25
100.00%
150
20
75.00%
100
$6,723,960
$3
-22.39% 200
50
154
0
Q4 2018
15
120 Q4 2019
10
21
5 0
Q4 2018
50.00%
15 Q4 2019
775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM
95.27%
98.11%
Q4 2018
Q4 2019
25.00% 0.00%
212 ELKS POINT RD.
|
OLIVERLUX.COM
|
775.589.7100
INCLINE VILLAGE | TAHOE CITY | ZEPHYR COVE | TRUCKEE | RENO