Chase International 2019 Mid-Year Market Report

2019 MID-YEAR MARKET STATS TAHOE | RENO | SPARKS | CARSON VALLEY

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

Lake Tahoe 2019 Mid-Year Statistics | January 1st - June 30th

INCLINE VILLAGE

2019 vs 2018 2019

2018

%

$152,869,457 98 $1,305,000 $1,559,892 30 68

$200,827,082 110 $1,190,000 $1,825,701 38 72

-24% -11% 10% -15% -21% -6%

SINGLE FAMILY*

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

2019

2018

%

$80,354,350 60 $922,500 $1,339,239 33 27

$100,847,550 63 $825,000 $1,600,754 39 24

-20% -5% 12% -16% -15% 13%

EAST SHORE

SINGLE FAMILY

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

2019

2018

%

$141,714,232 231 $515,000 $613,482 211 20

$161,535,962 273 $502,000 $591,707 255 18

-12% -15% 3% 4% -17% 11%

SOUTH SHORE

SINGLE FAMILY

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

2019

2018

%

$157,140,860 111 $728,975 $1,428,553 82 29

$198,726,585 124 $665,250 $1,602,633 88 38

-21% -10% 10% -11% -7% -24%

2019

2018

%

$532,078,899 500 $689,068 $1,064,158 356 144

$661,937,179 570 $678,750 $1,161,293 420 152

-20% -12% 2% -8% -15% -5%

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

Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors 07/02/19.

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

2018

$41,688,200 69 $604,177 $560,000 32 37

$47,536,786 84 $529,500 $565,914 35 49

2019

2018

$23,032,250 44 $451,000 $523,460 30 14

$20,140,875 45 $410,000 $447,575 34 11

2019

2018

$18,366,950 40 $365,000 $459,174 27 13

$24,229,400 48 $377,500 $504,779 34 14

2019

2018

$14,978,000 38 $362,500 $394,157 34 4

$30,007,250 44 $430,000 $681,982 28 16

2019

2018

$98,065,400 191 $432,000 $513,431 123 68

$121,914,311 221 $439,000 $551,648 131 90

% -12% -18% 14% -1% -9% -24%

% 14% -2% 10% 17% -12% 27%

% -24% -17% -3% -9% -21% -7%

% -50% -14% -16% -42% 21% -75%

% -20% -14% -2% -7% -6% -24%

Lake Tahoe 2019 Mid-Year Statistics | January 1st - June 30th

2019 vs 2018 SALES VOLUME

UNITS SOLD

$600

600

$500

500 -20% DECREASE

$400

400

$ IN MILLIONS

$300

-12% DECREASE

300

$200

-20% DECREASE

-14% DECREASE

200

$100

100

0

0 $532,078,899 2019

$661,937,179 2018

$98,065,400 2019

$121,914,311 2018

191 2019

570 2018

221 2018

CONDOS

SINGLE FAMILY

CONDOS

SINGLE FAMILY

500 2019

MEDIAN & AVERAGE PRICE

$1,000,000

$800,000

2% INCREASE

-8% DECREASE -7% DECREASE

$600,000

-2% DECREASE

$400,000

$200,000

$0 $689,068

$678,750

$1,064,158

$1,161,293

$432,000

$439,000

$513,431

$551,648

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 07/02/19.

CONDOS

Tahoe City 2019 Mid-Year Statistics | January 1st - June 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$157,140,860

$198,726,585

-21%

Units

111

124

-10%

Median Price

$728,975

$665,250

10%

Average Price

$1,428,553

$1,602,633

-11%

Units Under $1M

82

88

-7%

Units Over $1M

29

38

-24%

CONDOS

2019

2018

% Change

Volume

$14,978,000

$30,007,250

-50%

Units

38

44

-14%

Median Price

$362,500

$430,000

-16%

Average Price

$394,157

$681,982

-42%

Units Under $1M

34

28

21%

Units Over $1M

4

16

-75%

530.581.0722 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 07/02/19.

Tahoe City 2019 Mid-Year Statistics | January 1st - June 30th

50

40

111 Units Sold

30

20

10

0

11

50

21

13

5

7

$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 07/02/19.

4

Incline Village 2019 Mid-Year Statistics* | January 1st - June 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$152,869,457

$200,827,082

-24%

Units

98

110

-11%

Median Price

$1,305,000

$1,190,000

10%

Average Price

$1,559,892

$1,825,701

-15%

Units Under $1M

30

38

-21%

Units Over $1M

68

72

-6%

CONDOS

2019

2018

% Change

Volume

$41,688,200

$47,536,786

-12%

Units

69

84

-18%

Median Price

$604,177

$529,500

14%

Average Price

$560,000

$565,914

-1%

Units Under $1M

32

35

-9%

Units Over $1M

37

49

-24%

*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 07/02/19.

Incline Village 2019 Mid-Year Statistics* | January 1st - June 30th

30

98 Units Sold

25

20

15

10

5

0

15

15

32

15

14

5

2

$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 07/02/19.

East Shore 2019 Mid-Year Statistics | January 1st - June 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$80,354,350

$100,847,550

-20%

Units

60

63

-5%

Median Price

$922,500

$825,000

12%

Average Price

$1,339,239

$1,600,754

-16%

Units Under $1M

33

39

-15%

Units Over $1M

27

24

13%

CONDOS

2019

2018

% Change

Volume

$23,032,250

$20,140,875

14%

Units

44

45

-2%

Median Price

$451,000

$410,000

10%

Average Price

$523,460

$447,575

17%

Units Under $1M

30

34

-12%

Units Over $1M

14

11

27%

Glenbrook 2019 Mid-Year Statistics | January 1st - June 30th

SINGLE FAMILY & CONDO

2019

2018

% Change

Volume

$15,534,000

$5,720,000

172%

Units

6

3

100%

Median Price

$2,412,500

$1,665,000

45%

Average Price

$2,589,000

$1,906,666

36%

Units Under $1M

0

0

0%

Units Over $1M

6

3

100%

East Shore 2019 Mid-Year Statistics | January 1st - June 30th

20

60 Units Sold

15

10

5

0

8

15

10

12

4

6

4

$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 07/02/19.

1

South Shore 2019 Mid-Year Statistics | January 1st - June 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$141,714,232

$161,535,962

-12%

Units

231

273

-15%

Median Price

$515,000

$502,000

3%

Average Price

$613,482

$591,707

4%

Units Under $1M

211

255

-17%

Units Over $1M

20

18

11%

CONDOS

2019

2018

% Change

Volume

$18,366,950

$24,229,400

-24%

Units

40

48

-17%

Median Price

$365,000

$377,500

-3%

Average Price

$459,174

$504,779

-9%

Units Under $1M

27

34

-21%

Units Over $1M

13

14

-7%

530.544.2121 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors 07/02/19.

South Shore 2019 Mid-Year Statistics | January 1st - June 30th

100

231 Units Sold

80

60

40

20

0

112

76

23

13

3

4

$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 07/02/19.

Tahoe Donner 2019 Mid-Year Statistics | January 1st - June 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$84,475,935

$88,807,360

-5%

Units

105

112

-6%

Median Price

$739,000

$715,500

3%

Average Price

$804,532

$792,922

1%

Units Under $1M

88

85

4%

Units Over $1M

17

27

-37%

CONDOS

2019

2018

% Change

Volume

$9,331,359

$6,408,500

46%

Units

27

19

42%

Median Price

$368,000

$385,000

-4%

Average Price

$345,605

$337,289

2%

Units Under $1M

27

19

42%

Units Over $1M

0

0

0%

530.550.2464 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors 07/02/19.

Tahoe Donner 2019 Mid-Year Statistics | January 1st - June 30th

40

105 Units Sold

30

20

10

0

9

44

35

13

4

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 07/02/19.

Truckee 2019 Mid-Year Statistics | January 1st - June 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$305,017,714

$368,579,893

-17%

Units

269

308

-13%

Median Price

$765,000

$737,500

4%

Average Price

$1,133,894

$1,196,687

-5%

Units Under $1M

189

207

-9%

Units Over $1M

80

101

-21%

CONDOS

2019

2018

% Change

Volume

$65,541,559

$60,956,200

8%

Units

107

96

11%

Median Price

$457,000

$482,000

-5%

Average Price

$612,537

$634,960

-4%

Units Under $1M

63

50

26%

Units Over $1M

44

46

-4%

530.550.2464 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors 07/02/19.

Truckee 2019 Mid-Year Statistics | January 1st - June 30th

100

80

269 Units Sold

60

40

20

0

40

89

60

33

20

$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 07/02/19.

21

6

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

Reno, Sparks and Carson 2019 Mid-Year Statistics | January 1st - June 30th

2019 vs 2018

RENO

SINGLE FAMILY

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

SPARKS

SINGLE FAMILY

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

RENO/SPARKS

SINGLE FAMILY

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

CARSON VALLEY

CARSON CITY

SINGLE FAMILY

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

SINGLE FAMILY

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

2019

2018

%

$970,027,654 1,984 $400,000 $488,925 1877 107

$1,022,421,108 2159 $390,000 $473,562 2047 112

-5% -8% 3% 3% -8% -4%

2019

2018

%

$340,251,763 910 $352,826 $373,903 907 3

$336,628,434 909 $352,000 $370,328 907 2

1% 0% 0% 1% 0% 50%

2019

2018

%

$1,310,394,417 2895 $380,000 $452,640 2785 110

$1,359,049,542 3068 $374,000 $442,975 2954 114

-4% -6% 2% 2% -6% -4%

2019

2018

$116,508,139 300 $345,750 $388,360 297 3

$116,215,833 317 $320,000 $366,611 316 1

% 0% -5% 8% 6% -6% 200%

2019

2018

%

$185,688,781 376 $430,000 $493,853 367 9

$179,782,956 379 $409,900 $474,361 364 15

3% -1% 5% 4% 1% -40%

CONDOS

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

2019

2018

%

$123,525,933 506 $240,000 $244,122 495 11

$94,809,401 425 $210,000 $223,080 415 10

30% 19% 14% 9% 19% 10%

CONDOS

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

2018 $24,789,192 120 $186,000 $206,576 120 0

2019

2018

$146,840,058 617 $230,000 $237,990 606 11

$119,598,593 545 $198,000 $219,446 535 10

CONDOS

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

2019 $23,314,125 111 $200,000 $210,037 111 0

CONDOS

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

Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors 07/02/19.

2019

2018

$11,396,223 52 $199,450 $219,158 52 0

$7,759,550 47 $165,500 $165,096 47 0

% -6% -8% 8% 2% -8% 0%

% 23% 13% 16% 8% 13% 10%

% 47% 11% 21% 33% 11% 0%

Reno, Sparks and Carson 2019 Mid-Year Statistics | January 1st - June 30th

2019 vs 2018 SALES VOLUME $1.4M

UNITS SOLD

-4% DECREASE

4,000

$1.2M 3,000

$1M $800

2,000

$600 $400

23% INCREASE

-6% DECREASE

1,000

13% INCREASE

$200 0

0 $1,310,394,417 2019

$1,359,049,542 2018

$146,840,058 2019

$119,598,593 2018

617 2019

3,068 2018

545 2018

CONDOS

SINGLE FAMILY

CONDOS

SINGLE FAMILY

2,895 2019

MEDIAN & AVERAGE PRICE $450,000

2% INCREASE

$400,000

2% INCREASE

$350,000 $300,000

8% INCREASE 16% INCREASE

$250,000 $200,000 $150,000 $100,000 $50,000 $0 $380,000

$374,000

$452,640

$442,975

$230,000

$198,000

$237,990

$219,446

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 07/02/19.

CONDOS

Reno 2019 Mid-Year Statistics | January 1st - June 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$970,027,654

$1,022,421,108

-5%

Units

1,984

2159

-8%

Median Price

$400,000

$390,000

3%

Average Price

$488,925

$473,562

3%

Units Under $1M

1877

2047

-8%

Units Over $1M

107

112

-4%

CONDOS

2019

2018

% Change

Volume

$123,525,933

$94,809,401

30%

Units

506

425

19%

Median Price

$240,000

$210,000

14%

Average Price

$244,122

$223,080

9%

Units Under $1M

495

415

19%

Units Over $1M

11

10

10%

775.850.5900 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors 07/02/19.

Reno 2019 Mid-Year Statistics | January 1st - June 30th

600

500

1985 Units Sold

400

300

200

100

0

23

340

628

410

348

129

107

$0$199,999

$200,000$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 Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors 07/02/19.

Sparks 2019 Mid-Year Statistics | January 1st - June 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$340,251,763

$336,628,434

1%

Units

910

909

0%

Median Price

$352,826

$352,000

0%

Average Price

$373,903

$370,328

1%

Units Under $1M

907

907

0%

Units Over $1M

3

2

50%

CONDOS

2019

2018

% Change

Volume

$23,314,125

$24,789,192

-6%

Units

111

120

-8%

Median Price

$200,000

$186,000

8%

Average Price

$210,037

$206,576

2%

Units Under $1M

111

120

-8%

Units Over $1M

0

0

0%

775.737.5900 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors 07/02/19.

Sparks 2019 Mid-Year Statistics | January 1st - June 30th

400 350

911 Units Sold

300 250 200 150 100 50 0

7

202

421

193

79

6

3

$0$199,999

$200,000$299,999

$300,000$399,999

$400,000$499,999

$500,000$749,999

$750,000$999,999

Over $1,000,000

775.737.5900 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors 07/02/19.

Carson City 2019 Mid-Year Statistics | January 1st - June 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$116,508,139

$116,215,833

0%

Units

300

317

-5%

Median Price

$345,750

$320,000

8%

Average Price

$388,360

$366,611

6%

Units Under $1M

297

316

0%

Units Over $1M

3

1

200%

CONDOS

2019

2018

% Change

Volume

$11,396,223

$7,759,550

47%

Units

52

47

11%

Median Price

$199,450

$165,500

21%

Average Price

$219,158

$165,096

33%

Units Under $1M

52

47

11%

Units Over $1M

0

0

0%

775.782.2777 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors 07/02/19.

Carson City 2019 Mid-Year Statistics | January 1st - June 30th

120

100

300 Units Sold

80

60

40

20

0

26

130

96

45

3

$0$249,999

$250,000$349,999

$350,000$499,999

$500,000$999,999

Over$1,000,000

775.782.2777 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors 07/02/19.

Carson Valley 2019 Mid-Year Statistics | April 1st - June 30th

SINGLE FAMILY

2019

2018

% Change

Volume

$185,688,781

$179,782,956

3%

Units

376

379

-1%

Median Price

$430,000

$409,900

5%

Average Price

$493,853

$474,361

4%

Units Under $1M

367

364

1%

Units Over $1M

9

15

-40%

775.782.2777 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors 07/02/19.

Carson Valley 2019 Mid-Year Statistics | April 1st - June 30th

50

40

377 Units Sold

30

20

10

0

16

94

137

91

30

9

$0$249,999

$250,000$349,999

$350,000$499,999

$500,000$749,999

$750,000$999,999

Over$1,000,000

775.782.2777 | chaseinternational.com Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors 07/02/19.

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 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

26

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