Post on 02-Jun-2020
Lake Tahoe Real Estate
Market Report
Mid-Year 2016
Market Analysis Includes:
Median Home Price and Units Sold Data
Year Over Year Trending
Reporting By Region
Lakefronts, CA & NV
Tahoe Sierra MLS, CA
North & West Shores, CA
Incline Village & Crystal Bay, NV
Truckee, CA
Prepared by Bill Dietz, President
BillD@TLUXP.com, 530.584.3454, CA BRE Lic #01431063, NV RED Lic #B0027100
Source: Tahoe Sierra MLS and Incline Village MLS
Lakefronts Market Report: Mid-Year 2016
Single-Family Homes and Estates located on California’s North and West Shores (to Rubicon Bay) and in
Nevada’s Incline Village and Crystal Bay
January through June Year-Over-Year
Points of Interest:
Units sold decreases 33% year-over-year
Median price decreases 4% price year-over-year
A word of caution, median price does not directly correlate to market
appreciation/depreciation, and small sample size can heavily influence resultant data
16
9
5 5
9 9
8
15 15
12
8
$4.125M
$4.975M
$3.8M
$2.5M
$3.995M
$2.975M
$3.475M
$4.6M
$3.548M
$4.55M $4.388M
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
0
2
4
6
8
10
12
14
16
18
1st Half
2006
1st Half
2007
1st Half
2008
1st Half
2009
1st Half
2010
1st Half
2011
1st Half
2012
1st Half
2013
1st Half
2014
1st Half
2015
1st Half
2016
Units Sold
Median Price
Tahoe Sierra MLS Market Report: Mid-Year 2016
Single-Family Homes in California on Lake Tahoe’s North and West shores and in Truckee, Donner Lake,
Northstar, Olympic Valley, and Alpine Meadows
January through June Year-Over-Year
Points of Interest:
Units sold increases 17% year-over-year
Median price increases 13% year-over-year
470 units sold makes 2016 the highest First Half sales volume in over ten years
49 Homes of 470 (10%) sold for over $2 million, an increase of 104% year over
year
313
310
261
239
345
362
438
464
390 402
470
$769K
$670K $635K
$550K
$495K
$440K
$416K
$485K
$579K
$550K
$620K
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
0
50
100
150
200
250
300
350
400
450
500
1st Half
2006
1st Half
2007
1st Half
2008
1st Half
2009
1st Half
2010
1st Half
2011
1st Half
2012
1st Half
2013
1st Half
2014
1st Half
2015
1st Half
2016
Units Sold
Median Price
North & West Shores, CA Market Report: Mid-Year 2016
Single-Family Homes in the Lake Tahoe Basin in California including Tahoe’s North and West
Shores, as well as Alpine Meadows and Squaw Valley
January through June Year-Over-Year
Points of Interest:
Units sold decreases less than 1% year-over-year
Median price increases 5% year-over-year
15 of the 151 homes sold for over $2M, equal to 10%, making it the
highest quantity of over $2M homes sold in over 10 years and the
highest percentage of over $2M homes sold in this region since 2008
111
75 68
59
101 106
145
137
126
152
151 $825K
$713K
$653K
$575K
$461K
$480K
$380K
$442K
$534K $569K
$595K
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
0
20
40
60
80
100
120
140
160
1st Half
2006
1st Half
2007
1st Half
2008
1st Half
2009
1st Half
2010
1st Half
2011
1st Half
2012
1st Half
2013
1st Half
2014
1st Half
2015
1st Half
2016
Units Sold
Median Price
Incline Village & Crystal Bay, NV Market Report: Mid-Year 2016
Single-Family Homes in Incline Village and Crystal Bay, Nevada
January through June Year-Over-Year
Points of Interest:
Units sold increases by 48% year-over-year
Median price increases by 10% year-over-year
9 of 73 homes (12%) sold for over $2 million
45
36
46
44
61
111
65
57
73
$1.1M
$988K
$795K
$813K
$780K
$1.064M
$1.025M
$895K
$985K
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
0
20
40
60
80
100
120
1st Half
2008
1st Half
2009
1st Half
2010
1st Half
2011
1st Half
2012
1st Half
2013
1st Half
2014
1st Half
2015
1st Half
2016
Units Sold
Median Price
Truckee, CA Market Report: Mid-Year 2016
Single-Family Homes in Truckee including Downtown Truckee, Glenshire, Prosser, Tahoe Donner,
Donner Lake, Donner Summit, Sierra Meadows, Old Greenwood, Northstar, Martis Camp, &
Lahontan
January through June Year-Over-Year
Points of Interest:
Units sold increases 28% year-over-year
Median price increases 15% year-over-year
319 Units Sold marks the largest sales volume in the First Half is the in over 10
years
34 of 319 Homes (11%) sold for over $2 million, over double year-over-year, and
both the highest quantity and highest percentage of homes sold over $2 million
in this region in the first half in over 10 years
23 Homes sold over $2 million were in Martis Camp
188
224
182
172
230 240
278
312
249 250
319
$725K
$628K
$615K
$525K $490K
$435K $423K
$489K
$578K
$540K
$620K
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
0
50
100
150
200
250
300
350
1st Half
2006
1st Half
2007
1st Half
2008
1st Half
2009
1st Half
2010
1st Half
2011
1st Half
2012
1st Half
2013
1st Half
2014
1st Half
2015
1st Half
2016
Units Sold
Median Price
About Tahoe Luxury Properties
Tahoe Luxury Properties is a full-service real estate company specializing in luxury
real estate sales and premier vacation rentals in the Lake Tahoe region. Since
January 2014, Bill Dietz closed over $180.8 million in residential real estate sales in
both California and Nevada, including 16 lakefront homes. These results reflect
our commitment to our clients.
Tahoe Luxury Properties is best positioned to market and sell premier real estate
throughout Lake Tahoe and its spectacular surrounding communities. Whether
you are looking for a Tahoe family vacation home to enjoy for generations or for
an investment property that will provide a sound return, Tahoe Luxury Properties’
brokers and agents will help you comprehensively understand the real estate
dynamic in the region. Whether you are ready to buy or simply initially exploring
the options in Lake Tahoe Real Estate, let us show you Tahoe Luxury Properties.
For more information, please contact us at 1.800.581.8828 or visit TLUXP.com.