NORTH & WEST SHORE LAKE TAHOE QUARTER 3 2018 MMR 2018 Q3 NW SHO… · NORTH WEST SHORE LAKE TAHOE, 3 2018 TAHOEMICROREPORTS.COM January through September 2017 2018 Change Median Price

MICROMARKETREPORT

NORTH & WEST SHORE LAKE TAHOE

QUARTER 3 2018

TAHOEMICROREPORTS.COM

MARKET SNAPSHOTAverage Sold Price Q3 2018

2%NORTH SHORE LAKEFRONT SINGLE FAMILY

2017 ....... $3,619,375

2018 ...... $3,529,397

18%NORTH SHORE NON- LAKEFRONT SINGLE FAMILY

2017 ....... $721,481

2018 ...... $854,103

72%WEST SHORE LAKEFRONT SINGLE FAMILY

2017 ....... $6,395,888

2018 ...... $11,030,500

20%WEST SHORE NON-

LAKEFRONT SINGLE FAMILY

2017 ....... $675,510

2018 ...... $813,354

10%NORTH SHORE CONDO

2017 ....... $535,026

2018 ...... $483,854

19%WEST SHORE CONDO

2017 ....... $1,120,989

2018 ...... $1,337,812

11%SQUAW VALLEY SINGLE FAMILY

2017 ....... $1,257,387

2018 ...... $1,389,933

4%SQUAW VALLEY CONDO

2017 ....... $517,569

2018 ...... $499,264

37%ALPINE MEADOWS SINGLE FAMILY

2017 ....... $749,954

2018 ...... $1,260,714

17%ALPINE MEADOWS CONDO

2017 ....... $465,000

2018 ...... $387,500

NORTH & WEST SHORE LAKE TAHOE, Q3 2018 TAHOEMICROREPORTS.COM

January through September 2017 2018 Change

Median Price $675,000 $648,750 -4%

Average Sold Price $721,481 $851,727 18%

Average Days on Market 72 61 -15%

Highest Sold Price $1,700,000 $5,050,000 197%

Lowest Sold Price $297,500 $260,000 -13%

Properties Sold 119 128 8%

% Sold Price to Average List Price 98% 97% -1%

Total Dollar Volume Sold $85,856,267 $109,021,148 27%

January through September 2017 2018 Change

Median Price $3,325,000 $3,420,000 3%

Average Sold Price $3,619,375 $3,529,397 -2%

Average Days on Market 133 184 38%

Highest Sold Price $5,725,000 $5,386,370 -6%

Lowest Sold Price $2,200,000 $1,750,000 -20%

Properties Sold 8 11 38%

% Sold Price to Average List Price 97% 97% 0%

Total Dollar Volume Sold $28,955,000 $38,823,370 34%

NORTH SHORELAKEFRONT

single family

NORTH SHORE NON-LAKEFRONT

single family

NORTH & WEST SHORE LAKE TAHOE | MICRO MARKET STATS

NORTH & WEST SHORE LAKE TAHOE, Q3 2018 TAHOEMICROREPORTS.COM

January through September 2017 2018 Change

Median Price $590,000 $659,000 12%

Average Sold Price $675,510 $813,354 20%

Average Days on Market 74 58 -22%

Highest Sold Price $1,890,000 $3,000,000 59%

Lowest Sold Price $205,000 $225,000 10%

Properties Sold 89 91 2%

% Sold Price to Average List Price 97% 97% 0%

Total Dollar Volume Sold $60,120,404 $74,015,234 23%

January through September 2017 2018 Change

Median Price $5,000,000 $7,250,000 45%

Average Sold Price $6,395,888 $11,030,500 72%

Average Days on Market 125 143 14%

Highest Sold Price $15,000,000 $40,000,000 167%

Lowest Sold Price $1,688,000 $1,470,000 -13%

Properties Sold 9 10 11%

% Sold Price to Average List Price 93% 94% 0%

Total Dollar Volume Sold $57,563,000 $110,305,000 92%

WEST SHORE LAKEFRONT

single family

WEST SHORENON-LAKEFRONT

single family

NORTH & WEST SHORE LAKE TAHOE | MICRO MARKET STATS

NORTH & WEST SHORE LAKE TAHOE, Q3 2018 TAHOEMICROREPORTS.COM

January through September 2017 2018 Change

Median Price $394,000 $400,000 2%

Average Sold Price $535,026 $483,854 -10%

Average Days on Market 76 70 -8%

Highest Sold Price $1,625,000 $1,450,000 -11%

Lowest Sold Price $86,500 $115,000 33%

Properties Sold 76 67 -12%

% Sold Price to Average List Price 97% 97% 1%

Total Dollar Volume Sold $40,662,000 $32,418,250 -20%

January through September 2017 2018 Change

Median Price $724,000 $1,055,000 46%

Average Sold Price $120,989 $1,337,812 1006%

Average Days on Market 90 82 -9%

Highest Sold Price $4,650,000 $3,300,000 -29%

Lowest Sold Price $200,000 $222,500 11%

Properties Sold 12 8 -33%

% Sold Price to Average List Price 10% 94% 822%

Total Dollar Volume Sold $13,451,875 $10,702,500 -20%

NORTH SHORE

condos

WEST SHORE

condos

NORTH & WEST SHORE LAKE TAHOE | MICRO MARKET STATS

NORTH & WEST SHORE LAKE TAHOE, Q3 2018 TAHOEMICROREPORTS.COM

January through September 2017 2018 Change

Median Price $1,136,250 $1,500,000 32%

Average Sold Price $1,257,387 $1,389,933 11%

Average Days on Market 250 312 25%

Highest Sold Price $2,950,000 $2,150,000 -27%

Lowest Sold Price $380,000 $727,600 91%

Properties Sold 16 9 -44%

% Sold Price to Average List Price 95% 89% -6%

Total Dollar Volume Sold $20,118,200 $12,509,400 -38%

January through September 2017 2018 Change

Median Price $435,000 $480,000 10%

Average Sold Price $517,569 $499,264 -4%

Average Days on Market 209 193 -8%

Highest Sold Price $1,710,000 $851,500 -50%

Lowest Sold Price $146,000 $175,000 20%

Properties Sold 43 9 -79%

% Sold Price to Average List Price 96% 97% 1%

Total Dollar Volume Sold $22,255,500 $19,471,300 -13%

January through September 2017 2018 Change

Median Price $342,000 $590,000 73%

Average Sold Price $573,958 $562,025 -2%

Average Days on Market 124 71 -43%

Highest Sold Price $1,710,000 $851,500 -50%

Lowest Sold Price $286,000 $292,800 2%

Properties Sold 12 12 0%

% Sold Price to Average List Price 95% 97% 2%

Total Dollar Volume Sold $6,887,500 $6,744,300 -2%

SQUAW VALLEY

single family

SQUAW VALLEY

condos

NORTH & WEST SHORE LAKE TAHOE | MICRO MARKET STATS

THE VILLAGE AT SQUAW

condos

NORTH & WEST SHORE LAKE TAHOE, Q3 2018 TAHOEMICROREPORTS.COM

January through September 2017 2018 Change

Median Price $612,000 $1,025,000 67%

Average Sold Price $740,500 $1,012,500 37%

Average Days on Market 106 137 29%

Highest Sold Price $1,388,000 $1,200,000 -14%

Lowest Sold Price $350,000 $800,000 129%

Properties Sold 4 4 0%

% Sold Price to Average List Price 94% 93% -2%

Total Dollar Volume Sold $2,962,000 $4,050,000 37%

January through September 2017 2018 Change

Median Price $465,000 $404,000 -13%

Average Sold Price $465,000 $404,000 -13%

Average Days on Market 77 582 656%

Highest Sold Price $465,000 $419,000 -10%

Lowest Sold Price $465,000 $389,000 -16%

Properties Sold 1 2 100%

% Sold Price to Average List Price 98% 99% 1%

Total Dollar Volume Sold $465,000 $808,000 74%

ALPINEMEADOWS

single family

ALPINEMEADOWS

condos

NORTH & WEST SHORE LAKE TAHOE | MICRO MARKET STATS

NORTH & WEST SHORE LAKE TAHOE, Q3 2018 TAHOEMICROREPORTS.COM

NORTH & WEST SHORE LAKE TAHOE NEIGHBORHOODS

1 North Shore - Lake Tahoe

2 West Shore - Lake Tahoe

3 Squaw Valley

4 Alpine Meadows

1

3

4

2

W E A R E

LOCAL EXPERTSOver 120 local real estate experts at 10 Sierra Sotheby’s International Realty locations

throughout the Lake Tahoe area.

VILLAGE AT NORTHSTAR 4001 Northstar Drive #4105Truckee, CA 96161

SQUAW VALLEY 1750 Village East Road #63BOlympic Valley, CA 96146

HEAVENLY / STATELINE1001 Heavenly Village Way #36ASouth Lake Tahoe, CA 96150

INCLINE VILLAGE 570 Lakeshore BoulevardIncline Village, NV 89451

TAHOE DONNER 11382 Northwoods BoulevardTruckee, CA 96161

DOWNTOWN TRUCKEE 10044 Donner Pass RoadTruckee, CA 96161

TAHOE CITY - GALLERY 695 North Lake BoulevardTahoe City, CA 96145

TAHOE CITY - LAKESIDE 950 North Lake BoulevardTahoe City, CA 96145

SOUTH LAKE TAHOE2247 Lake Tahoe BoulevardSouth Lake Tahoe, CA 96150

THE SUMMIT AT RENO13945 S. Virginia Street #606Reno, NV 89511

INCLINE VILLAGE | SOUTH LAKE TAHOE | SQUAW VALLEY | TAHOE CITY | TAHOE DONNER | DOWNTOWN TRUCKEE

HEAVENLY VILLAGE/STATELINE | NORTHSTAR | THE SUMMIT, RENO | CA BRE# 02018110

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