Chase International 2019 3rd Quarter Tahoe-Reno Market Stats

2019 Q3 MARKET STATS LAKE TAHOE | TRUCKEE | RENO | SPARKS | CARSON VALLEY

Check current market value for your home at chaseinternational.com/value

Lake Tahoe 2019 Statistics Through Third Quarter | January 1st - September 30th

INCLINE VILLAGE

2019 vs 2018 SINGLE FAMILY*

Volume Units Median Price Average Price Units Under $1 Mil Units Over $1 Mil

EAST SHORE

SINGLE FAMILY

Volume Units Median Price Average Price Units Under $1 Mil Units Over $1 Mil

SOUTH SHORE

SINGLE FAMILY

Volume Units Median Price Average Price Units Under $1 Mil Units Over $1 Mil

TAHOE CITY

SINGLE FAMILY

Volume Units Median Price Average Price Units Under $1 Mil Units Over $1 Mil

LAKE TOTALS

SINGLE FAMILY

Volume Units Median Price Average Price Units Under $1 Mil Units Over $1 Mil

2019 $311,455,688 169 $1,300,000 $1,842,933 54 115

2018 $347,665,002 193 $1,240,000 $1,801,373 65 128

2019 $132,398,950 102 $921,750 $1,298,028 58 44

2018 $163,371,550 95 $888,000 $1,719,700 53 42

2019 $264,809,082 423 $489,000 $626,026 381 42

2018 $258,676,907 463 $475,000 $558,697 436 27

2019 $271,360,380 218 $725,000 $1,250,508 166 52

-10% -12% 5% 2% -17% -10%

% -19% 7% 4% -25% 9% 5%

% 2% -9% 3% 12% -13% 56%

2018 $373,509,795 259 $685,000 $1,442,122 190 69

2019 $980,024,100 912 $675,000 $1,074,588 659 253

%

% -27% -16% 6% -13% -13% -25%

2018 $1,143,223,254 1010 $665,000 $1,131,904 744 266

% -14% -10% 2% -5% -11% -5%

* Includes PUD’s. Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 10/03/19.

CONDOS

Volume Units Median Price Average Price Units Under $1 Mil Units Over $1 Mil

CONDOS

Volume Units Median Price Average Price Units Under $1 Mil Units Over $1 Mil

CONDOS

Volume Units Median Price Average Price Units Under $1 Mil Units Over $1 Mil

CONDOS

Volume Units Median Price Average Price Units Under $1 Mil Units Over $1 Mil

CONDOS

Volume Units Median Price Average Price Units Under $1 Mil Units Over $1 Mil

2019 $83,344,588 126 $560,000 $661,465 58 68

2019 $32,363,770 62 $447,500 $521,996 41 21

2019 $34,190,975 77 $349,000 $444,039 49 28

2019 $36,125,890 72 $397,000 $501,748 57 15

2019 $186,025,223 337 $441,000 $552,004 205 132

2018 $90,147,786 145 $540,000 $621,709 60 85

2018 $32,961,875 69 $435,000 $477,708 49 20

2018 $43,380,426 94 $370,000 $461,494 69 25

2018 $49,005,750 79 $420,000 $620,325 54 25

2018 $215,495,837 387 $440,000 $556,837 232 155

% -8% -13% 4% 6% -3% -20%

% -2% -10% 3% 9% -16% 5%

% -21% -18% -6% -4% -29% 12%

% -26% -9% -5% -19% 6% -40%

% -14% -13% 0% -1% -12% -15%

Lake Tahoe 2019 Statistics Through Third Quarter | January 1st - September 30th

2019 vs 2018 SALES VOLUME

UNITS SOLD

$1000

1000

$800

800 -14% DECREASE

-10% DECREASE

$600

600

$ IN MILLIONS

-13% DECREASE

$400

400 -14% DECREASE

$200

200

0

$0 $980,024,100 2019

$1,143,223,254 2018

$186,025,223 2019

$215,495,837 2018

337 2019

1010 2018

387 2018

CONDOS

SINGLE FAMILY

CONDOS

SINGLE FAMILY

912 2019

MEDIAN & AVERAGE PRICE

$1,000,000

$800,000

2% INCREASE

-5% DECREASE -1% DECREASE

$600,000

0% INCREASE

$400,000

$200,000

$0 $675,500

$665,000

$1,074,588

$1,131,904

$441,000

$440,000

$552,004

$556,837

Median 2019

Median 2018

Average 2019

Average 2018

Median 2019

Median 2018

Average 2019

Average 2018

SINGLE FAMILY

Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 10/03/2019.

CONDOS

East Shore 2019 Statistics Through Third Quarter | January 1st - September 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$132,398,950

$163,371,550

-19%

Units

102

95

7%

Median Price

$921,750

$888,000

4%

Average Price

$1,298,028

$1,719,700

-25%

Units Under $1M

58

53

9%

Units Over $1M

44

42

5%

CONDOS

2019

2018

% Change

Volume

$32,363,770

$32,961,875

-2%

Units

62

69

-10%

Median Price

$447,500

$435,000

3%

Average Price

$521,996

$477,708

9%

Units Under $1M

41

49

-16%

Units Over $1M

21

20

5%

775.588.6130 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 10/03/19.

East Shore 2019 Statistics Through Third Quarter | January 1st - September 30th

30

25

102 Units Sold

20

15

10

5

0

11

29

18

20

6

11

5

2

$0 -

$500,000-

$750,000-

$1,000,000-

$1,500,000-

$2,000,000-

$3,000,000-

Over

$499,999

$749,999

$999,999

$1,499,999

$1,999,999

$2,999,999

$4,999,999

$5,000,000

775.588.6130 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 10/03/19.

South Shore 2019 Statistics Through Third Quarter | January 1st - September 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$264,809,082

$258,676,907

2%

Units

423

463

-9%

Median Price

$489,000

$475,000

3%

Average Price

$626,026

$558,697

12%

Units Under $1M

381

436

-13%

Units Over $1M

42

27

56%

CONDOS

2019

2018

% Change

Volume

$34,190,975

$43,380,426

-21%

Units

77

94

-18%

Median Price

$349,000

$370,000

-6%

Average Price

$444,039

$461,494

-4%

Units Under $1M

49

69

-29%

Units Over $1M

28

25

12%

530.544.2121 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 10/03/19.

South Shore 2019 Statistics Through Third Quarter | January 1st - September 30th

120

100

218 Units Sold

80

60

40

20

0

120

129

32

28

7

7

$0$499,999

$500,000$749,999

$750,000$999,999

$1,000,000$1,499,999

$1,500,000$1,999,999

Over $2,000,000

530.544.2121 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 10/03/19.

Incline Village 2019 Statistics Through Third Quarter* | January 1st - September 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$311,455,688

$347,665,002

-10%

Units

169

193

-12%

Median Price

$1,300,000

$1,240,000

5%

Average Price

$1,842,933

$1,801,373

2%

Units Under $1M

54

65

-17%

Units Over $1M

115

128

-10%

CONDOS

2019

2018

% Change

Volume

$83,344,588

$90,147,786

-8%

Units

126

145

-13%

Median Price

$560,000

$540,000

4%

Average Price

$661,465

$621,709

6%

Units Under $1M

58

60

-3%

Units Over $1M

68

85

-20%

*Includes PUD’s

775.831.7300 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 10/03/19.

Incline Village 2019 Statistics Through Third Quarter* | January 1st - September 30th

50

169 Units Sold

40

30

20

10

0

27

27

50

24

24

12

5

$0-

$750,000-

$1,000,000-

$1,500,000-

$2,000,000-

$3,000,000-

Over

$749,999

$999,999

$1,499,999

$1,999,999

$2,999,999

$4,999,999

$5,000,000

*Includes PUD’s

775.831.7300 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 10/03/19.

Tahoe City 2019 Statistics Through Third Quarter | January 1st - September 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$271,360,380

$373,509,795

-27%

Units

218

259

-16%

Median Price

$725,000

$685,000

6%

Average Price

$1,250,508

$1,442,122

-13%

Units Under $1M

166

190

-13%

Units Over $1M

52

69

-25%

CONDOS

2019

2018

% Change

Volume

$36,125,890

$49,005,750

-26%

Units

72

79

-9%

Median Price

$397,000

$420,000

-5%

Average Price

$501,748

$620,325

-19%

Units Under $1M

57

54

6%

Units Over $1M

15

25

-40%

530.581.0722 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 10/03/19.

Tahoe City 2019 Statistics Through Third Quarter | January 1st - September 30th

100

80

218 Units Sold

60

40

20

0

30

89

47

22

14

10

$0-

$500,000-

$750,000-

$1,000,000-

$1,500,000-

$2,000,000-

Over

$499,999

$749,999

$999,999

$1,499,999

$1,999,999

$4,999,999

$5,000,000

530.581.0722 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 10/03/19.

6

Truckee 2019 Statistics Through Third Quarter | January 1st - September 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$573,562,275

$625,455,148

-8%

Units

510

542

-6%

Median Price

$752,900

$729,000

3%

Average Price

$1,129,059

$1,153,976

-2%

Units Under $1M

355

381

-7%

Units Over $1M

155

161

-4%

CONDOS

2019

2018

% Change

Volume

$107,778,459

$95,199,484

13%

Units

185

160

16%

Median Price

$452,500

$467,500

-3%

Average Price

$582,586

$594,996

-2%

Units Under $1M

111

90

23%

Units Over $1M

74

70

6%

530.550.2464 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 10/03/19.

Truckee 2019 Statistics Through Third Quarter | January 1st - September 30th

200

160

510 Units Sold

120

80

40

0

71

183

101

60

48

$0$449,999

$500,000$749,999

$750,000$999,999

$1,000,000$1,499,999

$1,500,000$1,999,999

530.550.2464 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 10/03/19.

35

12

$2,000,000Over $4,999,999 $5,000,000

Tahoe Donner 2019 Statistics Through Third Quarter | January 1st - September 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$140,163,680

$154,811,415

-9%

Units

178

200

-11%

Median Price

$718,790

$715,500

0%

Average Price

$787,548

$774,057

2%

Units Under $1M

151

162

-7%

Units Over $1M

27

38

-29%

CONDOS

2019

2018

% Change

Volume

$15,662,259

$12,664,800

24%

Units

43

38

13%

Median Price

$393,000

$376,500

4%

Average Price

$363,308

$333,284

9%

Units Under $1M

42

38

11%

Units Over $1M

1

0

100%

530.550.2464 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 10/03/19.

Tahoe Donner 2019 Statistics Through Third Quarter | January 1st - September 30th

100

178 Units Sold

80

60

40

20

0

13

83

55

21

6

0

$0$499,999

$500,000$749,999

$750,000$999,999

$1,000,000$1,499,999

$1,500,000$1,999,999

Over $2,000,000

530.550.2464 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 10/03/19.

Reno, Sparks and Carson 2019 Statistics Through Third Quarter | January 1st - September 30th

2019 vs 2018 2019

RENO

SINGLE FAMILY

Volume Units Median Price Average Price Units Under $1 Mil Units Over $1 Mil

$1,605,430,298 3,270 $405,000 $490,957 3,103 167

2019

SPARKS

SINGLE FAMILY

Volume Units Median Price Average Price Units Under $1 Mil Units Over $1 Mil

$555,020,511 1,439 $364,000 $385,698 1,436 3

2019

RENO/SPARKS

SINGLE FAMILY

Volume Units Median Price Average Price Units Under $1 Mil Units Over $1 Mil

$2,160,565,809 4,710 $389,000 $458,718 4,540 170

2019

CARSON VALLEY

CARSON CITY

SINGLE FAMILY

Volume Units Median Price Average Price Units Under $1 Mil Units Over $1 Mil

$189,986,576 488 $349,000 $389,316 484 4

2019

SINGLE FAMILY

Volume Units Median Price Average Price Units Under $1 Mil Units Over $1 Mil

$301,981,330 612 $430,000 $493,433 597 15

Information gathered from NRMLS 10/03/19.

2018

%

$1,560,606,058 3,258 $392,000 $479,007 3,088 170

3% 0% 3% 2% 0% -2%

2018

%

$523,369,597 1,409 $355,000 $371,447 1,407 2

6% 2% 3% 4% 2% 50%

2018 $2,083,975,655 4,667 $375,000 $446,534 4,458 172

2018 $173,351,568 473 $327,000 $366,493 471 2

2018 $287,190,054 609 $418,000 $471,576 589 20

% 4% 1% 4% 3% 2% -1%

% 10% 3% 7% 6% 3% 100%

% 5% 0% 3% 5% 1% -25%

CONDOS

Volume Units Median Price Average Price Units Under $1 Mil Units Over $1 Mil

CONDOS

Volume Units Median Price Average Price Units Under $1 Mil Units Over $1 Mil

CONDOS

Volume Units Median Price Average Price Units Under $1 Mil Units Over $1 Mil

CONDOS

Volume Units Median Price Average Price Units Under $1 Mil Units Over $1 Mil

2019 $194,011,582 802 $238,000 $241,909 786 16

2018 $147,702,024 648 $215,000 $227,935 634 14

2019 38,666,374 182 200,425 212,452 182 0

2018 $38,123,262 182 $192,500 $209,468 182 0

2019 $232,677,956 984 $225,000 $236,461 968 16

2018 $185,825,286 830 $205,450 $223,885 816 14

2019 $17,064,007 75 $217,000 $227,520 75 0

2018 $13,019,825 76 $169,750 $171,313 76 0

% 31% 24% 11% 6% 24% 14%

% 1% 0% 4% 1% 0% 0%

% 25% 19% 10% 6% 19% 14%

% 31% -1% 28% 33% -1% 0%

Reno and Sparks 2019 Statistics Through Third Quarter | January 1st - September 30th

2019 vs 2018 SALES VOLUME

UNITS SOLD

$2.3M

4,000

$2.2M 3,000 4% INCREASE

$2.1M

2,000

1% INCREASE

$2.0M 25% INCREASE

1,000

$1.9M

0

19% INCREASE

0 $2,160,565,809 $2,083,975,655 2019 2018

$232,677,956 2019

$185,825,286 2018

984 2019

4,667 2018

830 2018

CONDOS

SINGLE FAMILY

CONDOS

SINGLE FAMILY

4,710 2019

MEDIAN & AVERAGE PRICE $450,000 $400,000 $350,000 $300,000

6% INCREASE 10% INCREASE

$250,000 3% INCREASE

$200,000 4% INCREASE

$150,000 $100,000 $50,000 $0 $389,000

$375,000

$458,718

$446,534

$225,000

$205,450

$236,461

$223,885

Median 2019

Median 2018

Average 2019

Average 2018

Median 2019

Median 2018

Average 2019

Average 2018

SINGLE FAMILY

Information gathered from NRMLS 10/03/19.

CONDOS

Reno 2019 Statistics Through Third Quarter | January 1st - September 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$1,605,430,298

$1,560,606,058

3%

Units

3,270

3,258

0%

Median Price

$405,000

$392,000

3%

Average Price

$490,957

$479,007

2%

Units Under $1M Units Over $1M

3,103

3,088

0%

167

170

-2%

CONDOS

2019

2018

% Change

Volume

$194,011,582

$147,702,024

31%

Units

802

648

24%

Median Price

$238,000

$215,000

11%

Average Price

$241,909

$227,935

6%

Units Under $1M

786

634

24%

Units Over $1M

16

14

14%

775.850.5900 | chaseinternational.com Information gathered from NRMLS 10/03/19.

Reno 2019 Statistics Through Third Quarter | January 1st - September 30th

1000

3270 Units Sold

800

600

400

200

0

537

1046

723

606

191

167

$0 $299,999

$300,000 $399,999

$400,000 $499,999

$500,000 $749,999

$750,000 $999,999

Over $1,000,000

775.850.5900 | chaseinternational.com Information gathered from NRMLS 10/03/19.

Sparks 2019 Statistics Through Third Quarter | January 1st - September 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$555,020,511

$523,369,597

6%

Units

1,439

1,409

2%

Median Price

$364,000

$355,000

3%

Average Price

$385,698

$371,447

4%

Units Under $1M

1,436

1,407

2%

Units Over $1M

3

2

50%

CONDOS

2019

2018

% Change

Volume

38,666,374

$38,123,262

1%

Units

182

182

0%

Median Price

200,425

$192,500

4%

Average Price

212,452

$209,468

1%

Units Under $1M

182

182

0%

Units Over $1M

0

0

0%

775.737.5900 | chaseinternational.com Information gathered from NNRMLS 10/03/19.

Sparks 2019 Statistics Through Third Quarter | January 1st - September 30th

600

1439 Units Sold

500

400

300

200

100

0

274

671

326

147

18

$0 $299,999

$300,000 $399,999

$400,000 $499,999

$500,000 $749,999

$750,000 $999,999

775.737.5900 | chaseinternational.com Information gathered from NNRMLS 10/03/19.

3

Over $1,000,000

Fernley 2019 Statistics Through Third Quarter | January 1st - September 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$121,000,722

$130,250,996

-7%

Units

436

503

-13%

Median Price

$265,000

$250,000

6%

Average Price

$277,524

$258,948

7%

Units Under $1M

435

503

-14%

Units Over $1M

0

0

0%

530.550.2464 | chaseinternational.com Information gathered from NRMLS 10/03/19.

Fernley 2019 Statistics Through Third Quarter | January 1st - September 30th

200

160

436 Units Sold

120

80

40

0

321

98

16

1

$0 $299,999

$300,000 $399,999

$400,000 $499,999

Over $500,000

530.550.2464 | chaseinternational.com Information gathered from NRMLS 10/03/19.

Carson City 2019 Statistics Through Third Quarter | January 1st - September 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$189,986,576

$173,351,568

10%

Units

488

473

3%

Median Price

$349,000

$327,000

7%

Average Price

$389,316

$366,493

6%

Units Under $1M

484

471

3%

Units Over $1M

4

2

100%

CONDOS

2019

2018

% Change

Volume

$17,064,007

$13,019,825

31%

Units

75

76

-1%

Median Price

$217,000

$169,750

28%

Average Price

$227,520

$171,313

33%

Units Under $1M

75

76

-1%

Units Over $1M

0

0

0%

775.782.2777 | chaseinternational.com Information gathered from NNRMLS 10/03/19.

Carson City 2019 Statistics Through Third Quarter | January 1st - September 30th

200

160

488 Units Sold 120

80

40

0

131

197

79

68

9

4

$0 $299,999

$300,000 $399,999

400,000 $499,999

$500,000 $749,999

$750,000 $999,999

Over$1,000,000

775.782.2777 | chaseinternational.com Information gathered from NNRMLS 10/03/19.

Carson Valley 2019 Statistics Through Third Quarter | January 1st - September 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$301,981,330

$287,190,054

5%

Units

612

609

0%

Median Price

$430,000

$418,000

3%

Average Price

$493,433

$471,576

5%

Units Under $1M

597

589

1%

Units Over $1M

15

20

-25%

775.782.2777 | chaseinternational.com Information gathered from NNRMLS 10/03/19.

Carson Valley 2019 Statistics Through Third Quarter | January 1st - September 30th 200

160

612 Units Sold 120

80

40

0

79

182

139

148

49

15

$0$299,999

$300,000 $399,999

$400,000 $499,999

$500,000$749,999

$750,000$999,999

Over$1,000,000

775.782.2777 | chaseinternational.com Information gathered from NNRMLS 10/03/19.

ONE COMPANY.

ONE HEART. ONE PHILOSOPHY.

NEARLY $1.4 BILLION IN ANNUAL SALES. Chase International is one of the nation’s most successful independent real estate firms specializing in unique and distinctive properties in the Tahoe/Reno region. With more than 350 compassionate and determined REALTORS® in 10 offices, we are committed to our client success. We have more qualified real estate specialists with the experience and connections to serve all your needs.

We empower people to achieve unlimited possibilities, make magical life decisions, and bring peace and harmony into their lives. This is our secret power. Put the Chase Power of Success to work for you.

THE LEADER IN LUXURY REAL ESTATE

26

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