Lake Tahoe Real Estate
Mid-Year Market Report
Q1 – Q2 2015
Market Analysis Includes:
 Median Home Price and Units Sold Data
 Year Over Year Trending
 Reporting By Region
o Lakefronts, CA & NV
o Tahoe Sierra MLS, CA
o North & West Shores, CA
o Incline Village & Crystal Bay, NV
o Truckee, CA
Prepared by Bill Dietz, President
[email protected]
530.584.3454
TLUXP.com
Lakefronts Market Report: Mid-Year 2015
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
18
$6,000,000
16
16
15
15
$4.975M
$4.55M
14
$5,000,000
$4.6M
$3.995M
12
$4.125M
12
$3.8M
$3.475M
$3.548M
10
9
9
8
9
$2.975M
$2.5M
$4,000,000
$3,000,000
8
6
$2,000,000
5
5
4
$1,000,000
Sales volume
2
Median Price
0
$0
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
Highlights include:
 20% decrease in units sold year-over-year
 28% increase in median price year-over-year
 Homes sold within 98.1% of asking price, the narrowest mid-year margin in over 9 years,
representing a 83% change 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
Tahoe Sierra MLS Market Report: Mid-Year 2015
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
500
$900,000
464
450
$800,000
438
$769K
390
400
$635K
313
300
$700,000
362
$670K
350
402
345
$579K
$550K
310
$550K
$485K
$495K
$600,000
$500,000
261
250
239
$440K
$400,000
$416K
200
$300,000
150
$200,000
100
Units Sold
50
$100,000
Median Price
0
$0
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
Highlights include:
 3% increase in units sold year-over-year
 5% decrease in median price year-over-year, compared to 10% decrease in Q1 year-overyear
 24 Homes sold over $2M compared to 32 the previous year, representing a 25% decrease
North & West Shores, CA Market Report: Mid-Year 2015
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
160
$825K
152
145
$800,000
140
$713K
137
$700,000
126
120
100
$900,000
$653K
106
111
$575K
$569K
101
$534K
$480K
80
$442K
$461K
75
$500,000
$400,000
$380K
68
60
$600,000
59
$300,000
40
$200,000
Units Sold
20
$100,000
Median Price
0
$0
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
Highlights include:
 21% increase in units sold year-over-year
 7% increase in median price year-over-year
 10 homes were sold over $2M, flat with last year at the mid-year point
Incline Village & Crystal Bay, NV Market Report: Mid-Year 2015
Single-Family Homes in Incline Village and Crystal Bay, Nevada
January through June Year-Over-Year
120
$1,400,000
111
$1.2M
$1,200,000
100
$1.064M
$1.1M
$1.058M
80
$1.025M
$988M
73
$813M
$795M
$895M
$780M
60
46
$800,000
65
57
61
60
$1,000,000
$600,000
44
45
40
$400,000
36
20
Units Sold
$200,000
Median Price
0
$0
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
Highlights include:
 12% decrease in units sold year-over-year
 13% decrease in median price year-over-year, compared to a 28% decrease in
Q1 median price year-over-year
Truckee, CA Market Report: Mid-Year 2015
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
350
$800,000
$725K
312
$700,000
300
278
$628K
$615K
250
$525K
200
182
188
240
230
224
150
$578K
249
$490K
$489K
250
$600,000
$540K
$500,000
$423K
$400,000
$435K
172
$300,000
100
$200,000
50
Units Sold
$100,000
Median Price
0
$0
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
Highlights include:
 Units sold is flat year-over-year
 7% decrease in median price year-over-year
 Lahontan & Martis Camp experienced a 21% decrease in units sold year-overyear, contributing to overall median price decrease
 14 homes over $2M were sold compared to 19 in the previous period,
representing a 27% decrease
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. In 2014, Bill Dietz
closed $89.9 million in residential real estate sales in both California and Nevada.
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.