Year End 2018 Market Report INCLINE VILLAGE & CRYSTAL BAY
1/1/2018 - 12/31/2018
#1 Brokerage in Incline Village & Crystal Bay 2018
954 LAKESHORE BLVD., INCLINE VILLAGE NV 89451
Lakeshore Realty
THE MARKET LEADERS As the preferred real estate company on the Northernmost shores of Lake Tahoe for nearly 25 years, Lakeshore Realty — locally owned and independent — has grown with our small team of agents to serve home buyers and sellers throughout the region. Topping over $206 million in sales this year, a benchmark rarely achieved, even amongst our franchise competitors. We are excited to announce that we are the #1 Real Estate Company in terms of total sales volume for 2018 for Incline Village & Crystal Bay! Backed by proven professionals who specialize in our niche market, no other company can provide you with the vast local knowledge, comprehensive support and services or the indisputable value you experience when working with a Lakeshore Realty agent. The Incline Village & Crystal Bay real estate market is unlike any market in the Lake Tahoe region. The homes here are as varied as the neighborhoods in which they are found, from expansive waterfront estates to cabins steps from the ski resort and everything in between. With so many styles and options available in all price ranges, the only way to truly understand the Incline Village & Crystal Bay real estate market is from one of our experienced agents.
INCLINE VILLAGE & CRYSTAL BAY MARKET REPORT numbers you can trust. The North Shore of Lake Tahoe is comprised of sixteen neighborhoods with a variety of property types and while a computer can run a standard market report it does not differentiate between, single family homes and planned unit developments nor does it sort condos by complex. At Lakeshore Realty our dedicated in-house team provides the most accurate and current data possible by breaking down the sales by property category, status, price range, neighborhood & complex. Our proprietary data models go far beyond the industry standards so that you can be conďŹ dent in knowing that you are making an educated real estate decision. Data from IVR.com Matrix for 1/1/18 through 12/31/18 Information deemed reliable, but not guaranteed.
INDEX Single Family Home Market Trends by Neighborhood Single Family Homes For Sale ................................. Single Family Homes Under Contract ................... Single Family Homes Sold ....................................... Quarterly Trends Snapshot ..................................... Single Family Home Sales History ..........................
Condominium Market Trends by Complex 4 5 6 7 8
Condominiums For Sale .......................................... 17 Condominiums Under Contract ............................ 18 Condominiums Sold ................................................ 19 Quarterly Trends Snapshot ...................................... 21 Condominiums History ........................................... 22
Planned Unit Development (PUD) Market Trends by Complex
Lot & Land Market Trends by Neighborhood
Planned Unit Developments For Sale .................... 10 Planned Unit Developments Under Contract ..... 11 Planned Unit Developments Sold ........................ 12 Quarterly Trends Snapshot .................................... 13 Planned Unit Developments History ..................... 14
Lots & Land For Sale ................................................. 24 Lots & Land Under Contract ................................. 25 Lots & Land Sold ...................................................... 26 Quarterly Trends Snapshot ...................................... 27 Lots & Land History ................................................. 28
1
5 YEAR MARKET SNAPSHOT INCLINE VILLAGE & CRYSTAL BAY Single Family Homes : Median Price
S I N G L E F A M I L Y
# of Sales
$1,500,000
190
$1,250,000
143
$1,000,000
95
$750,000
48
2014
2015
Single Family Homes Median Sales Price Number Of Sales
2014
2016 2015
2017 2016
0
2018 2017
2018
$1,072,500 $947,500 $1,060,000 $1,115,000 $1,419,000 151
142
163
174
181
PUD : Condos : Median Price Median Price
C O N D O M I N I U M
# of Sales # of Sales
$1,000,000 $600,000
65 210
$850,000 $500,000
54 158
$700,000 $400,000
43 105
$550,000 $300,000
31 53
2014 2014 PUD’s Condominiums Median Sales Price Median Sales Price Number Of Sales Number Of Sales
2015 2015
2016 2016
2017 2017
2018 2018
2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 $586,000 $409,000 $764,400 $423,000 $966,500 $452,500 $886,500 $545,000 $941,750 $425,000 45 52 54 52 62 150 174 195 210 190
20 0
2
5 YEAR MARKET SNAPSHOT INCLINE VILLAGE & CRYSTAL BAY
PUD:
Median Price
# of Sales
$1,000,000
65
$850,000
54
$700,000
43
$550,000
31
2014 PUD’s Median Sales Price Number Of Sales
2015
2016
2017
2018
2014
2015
2016
2017
2018
$586,000
$764,400
$966,500
$886,500
$941,750
45
52
54
52
62
20
P L A N N E D U N I T D E V.
Lots: Median Price
# of Sales
$1,000,000
12
$800,000
9
$600,000
6
$400,000
3
2014 Lots & Land Median Sales Price Number Of Sales
2015 2014 $330,000 11
2016 2015
2017 2016
$339,000 $1,000,000 7
7
2018 2017
2018
$625,000
$275,000
9
7
0
L O T S & L A N D
Lakeshore Realty’s Significant Sales
55 Shoreline Circle Sold for $13,500,000
1709 Lakeshore Blvd., Sold for $4,900,000
507 Driver Way Sold for $2,860,000
1100 Lakeshore Sold for $3,750,000
501 Eagle Drive Sold for $3,195,000
772 Tyner Way Sold for $2,590,000
4
5
6
7
8
Lakeshore Realty’s Significant Sales
Tyrolian Village Sold for $929,000
Third Creek unit #64 Sold for $1,495,000
10
Incline Creek Estates Sold for $1,459,000
The Chalets unit #6 Sold for $690,000
Golf Course Villas Sold for $947,000
Tyrolian Village Sold for $1,095,000
10
11
12
13
14
Lakeshore Realty’s Significant Sales
Crystal Bay Cove unit #33 Sold for $2,200,000
Northshore Terrace unit #13 Sold for $849,000
Mt. Shadows unit #260 Sold for $315,000
McCloud #156 Sold for $729,000
Third Third Creek Creek unit#64 #64Sold Soldforfor$1,495,000 $1,495,000
L’Ermitage unit #8 Sold for $699,000
Vintage at Incline Sold for $549,000
17
18
19
20
21
22
Lakeshore Realty’s Significant Sales
470 Gonowabie, 460 Gonowabie & 480 Gonowabie Sold all together for $11,500,000
10
757 Randall Sold for $185,000
1515 Tirol Sold for $81,000
24
25
26
27
28
The Incline Village Real Estate Market Now in the Palm of Your Hand The search for a home can be complicated. Fortunately, there’s the Lakeshore Realty App to help lead you through the process. We’ve been your trusted resource in the area for more than 24 years and now we’re delivering real estate in real time.
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954 Lakeshore Blvd., Incline Village NV 89451 775-831-7000