2019 Annual East Shore Lake Tahoe Real Estate Market Report

East Shore Lake Tahoe

Market Report Annual 2019

Cover Property: 2228 Lands End by Claudia Thompson

PRESENTED BY

LUXURIOUS EXQUISITE ALLURING DIVINE BREATHTAKING ASTONISHING BRILLIANT DAZZLING CAPTIVATING DREAM MODERN ENTICING SOPHISTICATED EXCEPTIONAL MAGNIFICENT HARMONIOUS MARVELOUS OLIVER OUTSTANDING FINE UNMATCHED LUXURY REAL ESTATE STATELY STRIKING ENCHANTING KEY ENTHRALLING STYLISH STUNNING TIMELESS ICONIC CHRISTIE’S UNPARALLELED SERENE INTERNATIONAL WARM UPSCALE WELCOMING ELEGANCE SENSATIONAL FABULOUS SPECTACULAR GLOBAL CONNECTIONS | LOCAL RESULTS SOUTH LAKE TAHOE OFFICE 212 ELKS POINT RD. 775.589.7100 OLIVERLUX.COM

FEATURED: 2228 LANDS END by Claudia Thompson | 775.233.4014

“The Spirit of the Lake” is a rare offering in Tahoe’s gated Lakefront Community of Historic Glenbrook. This elegant custom estate enjoys spectacular panoramic views of Lake Tahoe and the Sierras. The light filled home has ideal southern exposure, superior construction, detailed finishes, hardwood floors, elevator, indoor pool with dehumidifier, sauna, steam shower, wine cellar, heated drive and patios and a greenhouse.

2019 SIGNIFICANT SALES LISTING Sunnyside Lane 5020 West Lake 863 Lakeshore 135 Quiet Walk 850 West Lake 7155 Highway 3115 Jameson Beach 20282 Bordeaux 4510 North Lake 6720 Powderhorn 19440 Annie Lane 605 Tyner 260 George Giffen 105 Tobey 4849 Nestle 275 Glen 283 Robin 658 Riven Rock 5920 Lausanne

SALE PRICE $37,000,000 $16,400,000 $13,750,000 $10,500,000 $7,000,000 $6,330,000 $5,600,000 $4,500,000 $4,300,000 $4,300,000 $4,100,000 $3,200,000 $2,950,000 $2,730,000 $2,525,000 $2,450,000 $2,225000 $2,040,000 $1,899,000

EXCEPTIONAL PROPERTIES. EXTRAORDINARY LIVING. Oliver Luxury Real Estate is a boutique real estate firm specializing in luxury properties. We connect extraordinary people with some of the finest homes in the world by using our extensive knowledge, global affiliate network, and sincere approach to give them the insider treatment they deserve.

OLIVERLUX.COM

1

East Lake Tahoe Neighborhoods 1 Glenbrook 2

2 Cave Rock / Skyland 3 Zephyr Cove / Round Hill 4 Stateline / Kingsbury Grade

3

4

ANNUAL REVIEW

EXCLUSIVE MARKET INSIGHTS FROM OUR TEAM LAKEFRONT Overall sales volume and average sales price for the East Shore Lakefront Market slowed considerably in 2019 compared to 2018. There were a total of 6 sales for 2019 with an average sales price of $4,790,833, compared to a total of 15 sales in 2018 with an average sales price of $6,195,033. 2019 saw no Lakefront sales above $6M, whereas in 2018 there were 8 sales over $6M. ALL EAST SHORE NON-LAKEFRONT AREAS This segment of the Tahoe Market experienced a good year. The overall yearly stats for the year 2019 compared to 2018 reflected positive numbers with increased sales volume over in the past 12 month period as well as increased average sales prices.

ALL EAST SHORE CONDOS Average sales price were higher for 2019 compared to 2018. Looking at the numbers for the year 2019 compared to 2018 we saw a similar decrease in volume in 2019 accompanied by an increase in average sales price. Also worth noting was the highest 2019 sales price for a condo was $2,795,000, up from $2,000,000. In 2018.

GLENBROOK-UPPAWAY Looking at the year 2019 to 2018 the Glenbrook-Uppaway market experienced strong percentage increases in sales volume as well as average, median and highest sale prices, over the 2018 numbers.

STATELINE-KINGSBURY The yearly numbers for 2019 were slightly down from 2018 levels in the sales volume of 56 compared to 62 in 2018. This area still remains one of the most affordable areas for single family homes on the East Shore.

ZEPHYR COVE-ROUNDHILL The highest sales price was higher at $2,700,000 in 2019. Looking back at the year the numbers were strong for 2019 with 42 sales for the year compared to 28 in 2018. The average sales price also saw an uptick with an average of $1,113,011. This remains a diverse and desirable area for East Shore buyers.

CAVE ROCK-SKYLAND Overall numbers for the 2019 year experienced upward movement. Cave Rock draws many buyers looking for big sweeping lake views and the lower elevation areas to the south towards Skyland offer a wide price range for properties with community lake access.

-Claudia Thompson Agent Oliver Luxury Real Estate

LAKEFRONT: SINGLE FAMILY

AVERAGE SALES PRICE

MEDIAN SALES PRICE

LOWEST SALES PRICE

HIGHEST SALES PRICE

$4,790,833

$4,550,000

$4,250,000

$5,995,000

-22.67% $8,000 $6,000 $4,000 $2,000 $0

-20.32% $6,000 $4,000

$6,195,033 Total 2018

$4,790,833

$5,710,000

$2,000 $0

Total 2019

Total 2018

$4,000

$10,000

$3,000

$1,000 $0

Total 2019

$7,500

$4,250,000

$2,000

$12,145,000

$5,000

$2,600,000

$2,500

Total 2018

$0

Total 2019

Total 2018

Total 2019

AVERAGE DAYS ON MARKET

TOTAL PROPERTIES SOLD

% SOLD PRICE TO LIST PRICE

$28,745,000

127

6

96.73%

-69.07% $50

-50.64% $12,500

TOTAL DOLLAR VOLUME SOLD

$100 $75

$4,550,000

+63.46% $5,000

-63.92% 400 300

$92,925,500

200

$25

100

$0

0

Total 2018

Total 2019

10

352 Total 2018

-0.28%

-60% 15

100.00% 75.00%

15

50.00%

5

Total 2019

0

97.00%

96.73%

Total 2018

Total 2019

25.00%

Total 2018

Total 2019

775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM

0.00%

NON-LAKEFRONT: SINGLE FAMILY

AVERAGE SALES PRICE

MEDIAN SALES PRICE

LOWEST SALES PRICE

HIGHEST SALES PRICE

$1,160,715

$900,000

$300,000

$5,600,000

+58.19% $1,000

$1,160,715

$750 $500 $250 $0

+50.25% $1,000

$1,250

$733,727

$750

Total 2018

$900,000

$500 $250 $0

Total 2019

+81.82%

+51.35%

$300

Total 2018

Total 2019

$300,000

$200 $100

$599,000

$6,000

$0

$4,000 $2,000

$165,000 Total 2018

$0

Total 2019

Total 2019

TOTAL PROPERTIES SOLD

% SOLD PRICE TO LIST PRICE

$150,893,075

167

130

95.14%

+31.5%

-0.9%

-40.09%

200

250

100.00%

$150

150

200

75.00%

$0

Total 2018

AVERAGE DAYS ON MARKET

-5.23%

$50

$3,700,000

TOTAL DOLLAR VOLUME SOLD

$200

$100

$5,600,000

$159,218,870 Total 2018

$150,893,075 Total 2019

100 50 0

127 Total 2018

167

150 100

217 130

50

Total 2019

0

50.00%

Total 2018

Total 2019

775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM

96.00%

95.14%

Total 2018

Total 2019

25.00% 0.00%

EASTSHORE: CONDO

AVERAGE SALES PRICE

MEDIAN SALES PRICE

LOWEST SALES PRICE

HIGHEST SALES PRICE

$529,544

$444,000

$190,000

$2,795,000

+7.07% $600 $400 $200 $0

+1.6% $400

$494,596

$529,544

$300 $200

$150

Total 2018

Total 2019

$0

+39.75%

$100

$3,000 $2,000

$190,000

$185,000

$1,000

$50

Total 2018

Total 2019

$0

Total 2018

$0

Total 2019

$2,000,000 Total 2018

$2,795,000 Total 2019

TOTAL DOLLAR VOLUME SOLD

AVERAGE DAYS ON MARKET

TOTAL PROPERTIES SOLD

% SOLD PRICE TO LIST PRICE

$45,011,270

101

85

97.9%

-8.99% $30

$444,000

$437,000

$100

$50 $40

+2.7% $200

$500

$49,459,620

$20

$45,011,270

-1.94% 100

100

75

75 50

103

101

50

$10

25

25

$0

0

0

Total 2018

Total 2019

Total 2018

+0.93%

-15%

125

Total 2019

100.00%

100

75.00%

85

50.00%

97.00%

97.90%

Total 2018

Total 2019

25.00%

Total 2018

Total 2019

775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM

0.00%

GLENBROOK: SINGLE FAMILY

AVERAGE SALES PRICE

MEDIAN SALES PRICE

LOWEST SALES PRICE

HIGHEST SALES PRICE

$2,708,788

$2,475,000

$1,000,000

$5,450,000

+37.36% $3,000

$0

$1,972,000 Total 2018

$2,708,788

$2,475,000

$1,500 $1,000 $500 $0

Total 2019

$1,755,000

$0

Total 2019

$4,000

$1,335,000

$1,000,000

Total 2018

$2,720,000

$2,000 $0

Total 2019

Total 2018

Total 2019

AVERAGE DAYS ON MARKET

TOTAL PROPERTIES SOLD

% SOLD PRICE TO LIST PRICE

$24,379,100

380

9

94.9%

+44.49% 400 300

$36,635,000

200

$24,379,100

$10 $0

$1,000 $500

Total 2018

-33.45% $20

+100.37% $6,000

TOTAL DOLLAR VOLUME SOLD

$40 $30

-25.09% $1,500

$2,000

$2,000 $1,000

+41.03% $2,500

Total 2018

Total 2019

100 0

380 263 Total 2018

100.00%

8

75.00%

9

6 4 2

Total 2019

-1.92%

+80% 10

0

96.76%

94.90%

Total 2018

Total 2019

25.00%

5 Total 2018

50.00%

Total 2019

775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM

0.00%

CAVE ROCK / SKYLAND

AVERAGE SALES PRICE

MEDIAN SALES PRICE

LOWEST SALES PRICE

HIGHEST SALES PRICE

$1,539,437

$1,345,000

$383,000

$5,600,000

+42.91% $2,000 $1,500

$0

$1,077,194 Total 2018

$1,539,437

$500 $0

Total 2019

$300

$1,092,500

$1,345,000

$200

$355,000

$383,000

Total 2018

Total 2019

$4,000

Total 2019

$0

$1,654,000

$2,000

$100

Total 2018

$0

Total 2018

Total 2019

AVERAGE DAYS ON MARKET

TOTAL PROPERTIES SOLD

% SOLD PRICE TO LIST PRICE

$36,946,500

217

19

95.47%

+84.52% $30

$36,946,500

$20

$0

+238.57% $6,000

TOTAL DOLLAR VOLUME SOLD

$40

$10

+7.89% $400

$1,000

$1,000 $500

+23.11% $1,500

$20,023,500 Total 2018

+40% 20

200

15

150 100 50

Total 2019

0

155 Total 2018

-1.58%

+5.56%

250

217

10

100.00%

18

19

5

Total 2019

0

75.00% 50.00%

97.00%

95.47%

Total 2018

Total 2019

25.00%

Total 2018

Total 2019

775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM

0.00%

ZEPHYR COVE / ROUND HILL

AVERAGE SALES PRICE

MEDIAN SALES PRICE

LOWEST SALES PRICE

HIGHEST SALES PRICE

$1,113,011

$960,000

$500,000

$2,700,000

+24.33%

+29.29%

$1,250

$1,000

$1,000

$750

$1,113,011

$750 $500 $250 $0

$895,175

$500 $250

Total 2018

$0

Total 2019

$400 $300 $200 $100

Total 2018

Total 2019

$0

$500,000

$376,000

$2,000 $1,000

Total 2018

$0

Total 2019

$2,300,000 Total 2018

$2,700,000 Total 2019

AVERAGE DAYS ON MARKET

TOTAL PROPERTIES SOLD

% SOLD PRICE TO LIST PRICE

$46,746,500

144

42

94.17%

+7.46% 150

$40

$38,492,525

$46,746,500

Total 2018

100 50

$10 $0

$960,000

$742,500

+21.44%

$20

+17.39% $3,000

TOTAL DOLLAR VOLUME SOLD

$50

$30

+32.98% $500

Total 2019

0

134

144

-1.91%

-2.33% 50

100.00%

40

75.00%

30 20

43

42

Total 2018

Total 2019

96.00%

94.17%

Total 2018

Total 2019

25.00%

10 0

50.00%

Total 2018

Total 2019

775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM

0.00%

STATELINE / KINGSBURY GRADE

AVERAGE SALES PRICE

MEDIAN SALES PRICE

LOWEST SALES PRICE

HIGHEST SALES PRICE

$778,563

$642,000

$300,000

$2,435,000

-9.90%

-12.35%

$1,000

$800

$750

$600

$500

$864,142

$778,563

$250 $0

Total 2018

Total 2019

$400

$642,000

Total 2018

Total 2019

$2,000 $200 $0

$300,000

$300,000

Total 2018

Total 2019

$3,700,000 $2,435,000

$1,000 $0

Total 2018

Total 2019

AVERAGE DAYS ON MARKET

TOTAL PROPERTIES SOLD

% SOLD PRICE TO LIST PRICE

$42,820,975

127

55

95.95%

-20.08%

-10.56% 150

$40

100

$0

$3,000

TOTAL DOLLAR VOLUME SOLD

$60

$20

-34.19% $4,000

$400

$732,500

$200 $0

=0.00% $600

$53,576,850 Total 2018

$42,820,975 Total 2019

142

50 0

127

100.00%

60

75.00%

40 20

Total 2018

Total 2019

-0.05%

-11.29% 80

0

62 Total 2018

55 Total 2019

775.589.7100 | 212 ELKS POINT RD. | OLIVERLUX.COM

50.00%

96.00%

95.95%

Total 2018

Total 2019

25.00% 0.00%

212 ELKS POINT RD.

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