2021 Donovan Group Spring-Summer Luxury Report

LUXURY

REAL ESTATE MARKET REPORT SPRING-SUMMER 2021 DONOVAN GROUP LUXURY TEAM | 775 750 2190 1

2021 LUXURY REAL ESTATE MARKET REPORT

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Contents Welcome . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Luxury Insights

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2020 Luxury & Lakefront Statistics Significant Sales . . . . . . . . . . . . . . . . . . . . .

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Chase Luxury Statistics . . . . . . . . . . . . . . . . . 16-20 Featured Luxury Listing . . . . . . . . . . .

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Luxury Partnerships

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Donovan Group Luxury Team

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welcome Chase life—joy, health, success Once upon a time, our region was a hidden treasure. Now, people are flocking to find solace in the High Sierra. New home buyers continue to remind us of how very lucky we are to reside in paradise – pure air, pure water and nature at its finest! Protecting our little space in the world is essential.

The vibrant growth, exciting economic opportunities and peaceful essence have brought about the most expansive real estate market in our history. At the moment, this market is not for the light-of-heart. Being determined and prepared are key factors to gain success.

It is fun to reawaken our own reasons for living here – hiking and biking trails, fishing, skiing, boating and of course, the beach. Restaurants are opening up, and a new feeling of confidence is arising. Outdoor dining and take-out will continue along with social distancing and respecting our

neighbors. Jobs are on the up-swing, and we feel that inventory will start to increase later this year.

Land is the new rising star. New home construction is at an all-time record at Clear Creek Tahoe. Reno is emerging as one of the best places to live while Truckee benefits from several beautifully-appointed golf communities. The Carson Valley is a best value with wide-open spaces, sprawling ranches, and spectacular Sierra views.

We are proud of our High Sierra mountain home. Each of our luxury specialists is finding new and creative ways to make magic for our clients! At Chase, we make dreams come true!

Discover how we can assist you!

DONOVAN GROUP LUXURY TEAM NV BROKER SALESPERSONS, CRS, CLHMS

775 750 2190 775 303 2672 donovangroup@chaseinternational.com inclinevillagelife.com

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NV LIC# BS.52696 NV LIC# BS.143530

Kerry Donovan

Megan Parr Warren

luxury

insights

Lake Tahoe

Truckee

Now that 2020 is in the books, it’s time to take a closer look at how the luxury real estate market performed in 2020. WOW, is the response! The market has been explosive in Lake Tahoe, highlighted by 722 properties sold over $1 million. Leading the way, South Lake Tahoe, CA witnessed a whopping 121% increase in properties over $1 million, followed by West and North Shore which recorded a staggering 113% with East Shore a close 96% increase. Incline Village was up 83%.

Truckee saw 503 properties sell over $1 million, up an astounding 102% from 2019. The median price in Truckee was $1,650,000 in the luxury arena. Martis Camp continues to be the most affluent area in the Truckee market.

These numbers are historic because, as of June 2020, the entire market was down across the board. We have not seen such a vigorous market swing in recent history within such a short period of time.

The top sale in 2020 was a lakefront on the East Shore that sold for $38,000,000.

Leading lakefront sales were the North and West Shores with 21 in 2020 versus 14 in 2019. Incline had 16 lakefront sales in 2020 versus 4 in 2019, and East Shore had 16 verses 6. South Shore saw a robust lakefront market with 10 sales compared to 7 in 2019.

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Reno-Sparks Reno-Sparks continued to grow in 2020, with a 47% increase in homes sold over $1 million, representing 337 versus 229 in 2019. The highest-price home in Reno-Sparks sold for $5,200,000 ($250,000 over list price). Only two other homes have sold higher than $5.2 million in history.

Carson Valley Carson Valley saw the most tremendous growth in 2020 with a 183% increase of units sold over $1 million. In 2020, 65 homes sold for over one million versus 23 in 2019. The highest-price property sold in the Carson Valley was $12 million with the second at $6,950,000.

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2021 LUXURY REAL ESTATE MARKET REPORT

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Properties Sold Over $1 Million SINGLE FAMILY RESIDENTIAL HOMES AT YEAR-END 2020 VS 2019

p 213%

p 25%

glenbrook, nevada

VOLUME 2020: $441,084,522 2019: $140,892,600

p 96%

South Lake Tahoe

p 102%

p 121%

p 5%

p 80%

p 113%

p 10%

p 133%

p 83%

p 11%

p 109%

p 102%

p 3%

p 51%

p 47%

 -1%

p 229%

p 183%

p 4%

East Shore Lake Tahoe from stateline north to

california

West/North Shore california

Incline Village nevada

Truckee

northstar, squaw valley

and alpine ski areas, california

Reno/Sparks nevada

Carson Valley nevada

VOLUME 2020: $226,601,206 2019: $112,454,850

VOLUME 2020: $395,458,782 2019: $220,076,418

VOLUME 2020: $823,299,076 2019: $353,065,283

VOLUME 2020: $1,119,213,772 2019: $536,469,615

VOLUME 2020: $519,889,592 2019: $345,150,203

VOLUME 2020: $114,868,540 2019: $34,963,000

UNITS 2020: 131 2019: 67

UNITS 2020: 135 2019: 61

UNITS 2020: 179 2019: 84

UNITS 2020: 277 2019: 151

UNITS 2020: 503 2019: 249

UNITS 2020: 337 2019: 229

UNITS 2020: 65 2019: 23

MEDIAN PRICE 2020: $1,974,000 2019: $1,585,000

MEDIAN PRICE 2020: $1,295,000 2019: $1,233,000

MEDIAN PRICE 2020: $1,650,000 2019: $1,500,000

MEDIAN PRICE 2020: $1,800,000 2019: $1,615,000

MEDIAN PRICE 2020: $1,650,000 2019: $1,600,000

MEDIAN PRICE 2020: $1,330,000 2019: $1,348,000

MEDIAN PRICE 2020: $1,295,000 2019: $1,250,000

Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 01/20/2021.

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Tahoe Lakefront Sales SINGLE FAMILY RESIDENTIAL HOMES AT YEAR-END 2020 VS 2019

MEDIAN PRICE $15M +20% -10% +22%

$10M

-25%

40%

$5M

25% -24% -48%

$0 EAST SHORE

SOUTH SHORE

NORTH & WEST

INCLINE VILLAGE

$6,375,000 $4,550,000 2020 2019

$3,867,500 $5,100,000 2020 2019

$5,800,000 $4,650,000 2020 2019

$10,775,000 $14,375,000 2020 2019

VOLUME SOLD $200M

225%

$175M $150M

459%

$100M $75M

2% +105%

$50M 37%

$25M $0 EAST SHORE

SOUTH SHORE

NORTH & WEST

INCLINE VILLAGE

$160,700,000 $28,745,000 2020 2019

$36,800,000 $26,810,000 2020 2019

$114,646,916 $112,850,000 2020 2019

$207,048,000 $58,400,000 2020 2019

Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 01/20/2021.

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SINGLE FAMILY RESIDENTIAL HOMES AT YEAR-END 2020 VS 2019

EAST SHORE

2020

2019

Change

Volume

$160,700,000

$28,745,000

459%

Units

16

6

167%

Median Price

$6,375,000

$4,550,000

40%

Average Price

$10,043,750

$4,790,833

110%

SOUTH SHORE

2020

2019

Change

Volume

$36,800,000

$26,810,000

37%

Units

10

7

43%

Median Price

$3,867,500

$5,100,000

-24%

Average Price

$3,680,000

$3,830,000

-4%

NORTH & WEST SHORE

2020

Volume

2019

Change

$114,646,916

$112,850,000

2%

Units

21

14

50%

Median Price

$5,800,000

$4,650,000

25%

Average Price

$5,459,376

$8,060,714

-32%

INCLINE & CRYSTAL BAY

2020

2019

Change

Volume

$207,048,000

$58,400,000

255%

Units

16

4

300%

Median Price

$10,775,000

$14,375,000

-25%

Average Price

$12,940,500

$14,600,000

-11%

2021 LUXURY MARKET REPORT

Tahoe Lakefront Sales

Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 01/20/2021.

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Donovan Group Significant Sales RECENT LUXURY SALES HIGHLIGHTS

Crystal Bay, Nevada Seller Representation

Incline Village, Nevada Seller Representation

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Donovan Group Significant Sales RECENT LUXURY SALES HIGHLIGHTS

Incline Village, Nevada Seller Representation

Incline Village, Nevada Seller & Buyer Representation

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Donovan Group Significant Sales RECENT LUXURY SALES HIGHLIGHTS

Incline Village, Nevada

Incline Village, Nevada

Seller Representation

Buyer Representation

Incline Village, Nevada

Incline Village, Nevada

Seller Representation

Seller Representation

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Donovan Group Significant Sales RECENT LUXURY SALES HIGHLIGHTS

Incline Village, Nevada

Incline Village, Nevada

Buyer Representation

Seller Representation

Incline Village, Nevada

Incline Village, Nevada

Seller Representation

Buyer Representation

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Significant New Home Sales LUXURY SALES HIGHLIGHTS

254 SOLD OR PENDING HOMESITES HOMESITES FROM $860,000 | LUXURY HOMES FROM $3,500,000

27 SOLD RANGING FROM $950,00 TO $2,125,000

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Significant New Home Sales LUXURY SALES HIGHLIGHTS

SOLD OUT 9 LAKEFRONT CONDOMINIUMS

SOLD OUT 11 LUXURY MONTRÊUX RESIDENCES

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2020 LUXURY REAL ESTATE MARKET REPORT

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The

luxury leader

Chase continues to lead the luxury real estate market, selling more homes over $5, $10 and $20 million year after year after year. In 2020 we're proud to have sold $2.5 billion in real estate, serving 3,277 families and individuals.

With a history of unparalleled success, in 1996 and 1998, when the highest-priced property sold in New York City was $12 million, Chase negotiated record-breaking sales of $50 million and $30 million, unheard of in the nation at that time. We held that record nationwide for eight years.

Bolstered by our luxury heritage and strength of character, Chase Sales Executives excel at innovation, creativity and negotiation, bringing about a happy and productive result for each client.

We are grateful to our loyal clientele, our talented colleagues and our dedicated real estate professionals for the success we have enjoyed for 34 years.

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Properties Sold over $5 million NUMBER OF TRANSACTIONS SOLD, TOP SIX COMPANIES

220 200 180 160 140 120 100 80 60 40 20 0

225

84

81

79

50

44

Sierra Sotheby’s

Coldwell Banker IV/ZC

Oliver Luxury Real Estate

Tahoe Luxury Properties

Lakeshore Realty

Information gathered from MLS and County records. Transactions since 1989 through 3/10/2021.

18 The

luxury leader

Properties Sold over $10 million NUMBER OF TRANSACTIONS SOLD, TOP SIX COMPANIES

70

60

50

40

30

20

10

0

68

28

27

20

19

12

Sierra Sotheby’s

Oliver Luxury Real Estate

Lakeshore Realty

Coldwell Banker IV/ZC

Tahoe Luxury Properties

Information gathered from MLS and County records. Transactions since 1989 through 3/10/2021.

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luxury leader

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Properties Sold over $20 million NUMBER OF TRANSACTIONS SOLD, TOP FIVE COMPANIES

22 20 18 16 14 12 10 8 6 4 2 0 22

10

6

5

3

Sierra Sotheby’s

Oliver Luxury Real Estate

Lakeshore Realty

Tahoe Luxury Properties

Information gathered from MLS and County records. Transactions since 1989 through 3/10/2021.

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luxury leader.

Tahoe Modern Beautiful Tahoe mountain exterior, complimented with modern, fresh light and bright interior.

FOR SALE | 775 750 2190

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Our partnerships take your property into every global market.

Chase International is connected to 550+ top-tier independent real estate brokerages, from the San Francisco Bay Area to New York City and beyond, spanning 60 countries on six continents around the globe, including our London office. Through this partnership we reach over 120,000 real estate agents, who represent more $1M+ properties than any other real estate company in the world. Together we close over $500 billion in annual sales, with one of our transactions closing every 15 minutes.

WHO’S WHO IN LUXURY REAL ESTATE A worldwide collection of top brokers representing the finest luxury properties across the globe, Who’s Who in Luxury Real Estate has been leading the real estate industry since 1986. This hand-selected group of more than 130,000 professionals with properties in more than 70 countries collectively sells over $300 billion of real estate annually, making it the most elite and comprehensive luxury real estate network in the world.

LUXURY PORTFOLIO INTERNATIONAL Luxury Portfolio International® is the luxury face of Leading Real Estate Companies of the World® the largest global network of premier locally branded companies dominated by many of the world's most powerful independent luxury brokerages.

LEADING REAL ESTATE COMPANIES OF THE WORLD Through this premier International magazine for luxury estates, Chase features its prestigious properties twice a year to target affluent clients. Its circulation includes an exclusive distribution to each member’s private database, and the world’s premier hotels, international airports and bookstores.

MAYFAIR INTERNATIONAL REALTY We have expanded our London office to include United Kingdom’s Mayfair International Realty in response to the increased traffic of overseas buyers. By doing so, we have further provided a marketing and sales platform for our properties to European investors. Mayfair International connects to 125 real estate brokerages with 350 offices, each with a stellar reputation in their respective countries. Country Life uploads all Chase properties over $1 million to their magazine website, Countrylife.co.uk. Country Life has been a national institution in the U.K. for over 100 years; a copy is hand-delivered to the Royal Family each week. Mayfair provides advertising and public relations opportunities to ensure maximum exposure for Chase International listings.

LEADING ESTATES OF THE WORLD Through this premier International magazine for luxury estates, Chase features its prestigious properties twice a year to target affluent clients. Its circulation includes an exclusive distribution to each member’s private database, and to the world’s premier hotels, international airports and bookstores.

ARTISAN

GRO UP

ARTISAN GROUP The Artisan Group is a strategic alliance of high image real estate companies reaching from the greater San Francisco Bay area to Lake Tahoe. Chase clients benefit from this prestigious group’s network of professional luxury real estate brokers. Through this alliance, Chase is able to connect with qualified buyers in our major feeder markets.

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Donovan Group Luxury Team Incline Village Sales volume leaders year after year Representing over one-billion dollars in sales, we are honored to represent the most distinguished clientele and their properties within a community that we are proud to call ‘home.” Throughout the decades, our preeminent clients have continued to trust our intuitiveness to their needs and respect for their investments. Today, as leaders in the sale of the markets’ most luxurious estates, and consistent top producers, we continue our honor-bound commitment to apply our global marketing expertise on our clients’ best behalf. As sisters, we pack a powerful punch. From our local market knowledge to our Bay Area background (and U.C. Berkley alumni contacts) we take great pride in engaging our connections to ensure the most rewarding and seamless transactions for all involved.

All combined, we look forward to sharing our passion for our community and commitment to our clients who seek a real estate team with a zest for success.

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Kerry Donovan

Megan Parr Warren

Vice President of Luxury

Luxury Sales Specialist

Donovan Group Luxury Team NV Broker Salesperson CRS CLHMS | NV LIC # BS 52696 kdonovan@chaseinternational.com 775 750 2190

Donovan Group Luxury Team NV Broker Salesperson CRS CLHMS | NV LIC # BS 143530 mwarren@chaseinternational.com 775 303 2672

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ONE COMPANY.

ONE HEART. ONE PHILOSOPHY.

$2.5 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 380 compassionate and determined REALTORS® in 12 locations, we are committed to our clients' success. We have more qualified luxury professionals and top lakefront 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

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CHASEINTERNATIONAL.COM

Donovan Group Luxury Team donovangroup@chaseinternational.com www.inclinevillagelife.com

Kerry Donovan

Megan Parr Warren

kdonovan@chaseinternational.com

mwarren@chaseinternational.com

775 750 2190

775 303 2672

© 2021 Chase International. All rights are reserved by Chase International, and content may not be reproduced, downloaded, disseminated, published, or transferred in any form or by any means, except with the prior written permission of Chase International. All information is deemed reliable while not guaranteed accurate.

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