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MICROMARKET REPORT |

NORTHSTAR • YEAR END 2019


MAP | NORTHSTAR 1. Northstar Village 2. Aspen Grove Condos

8

3. Ski Trails Condos 4. Gold Bend Condos

7

5. Indian Hills Condos 6. Big Springs 7. Basque Drive

5

8. Northstar Golf Course

4

9. Mountainside at Northstar

6

10. The Ritz-Carlton, Lake Tahoe

2

1 3 9 10

Pictured on cover: Mountainside at Northstar, located mid-mountain

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NORTHSTAR market update Situated between Lake Tahoe and Downtown Truckee, each about eight miles away, Northstar’s resort community features many fractional, custom and single-family residences in and surrounding the Village at Northstar.

5 YEAR TRENDS January through December Median Price

2015

2016

2017

2018

2019

$445,000

$737,500

$685,000

$798,500

$715,000

63

103

102

97

88

Properties Sold

Northstar falls under the Truckee zip code and is home to the five-star, ski-in / ski-out Ritz Carlton, Lake Tahoe resort which is situated mid-mountain and accessbile by car or by gondola from the Village. Northstar is part of the Vail family of resorts and offers a robust year-round outdoor playground including world-class downhill skiing, a Robert Muir Graves designed par-72, 18-hole golf course, a cross country ski center, tennis center, pools, spas and one of the best lift access mountain bike parks in the country. A grand ice rink serves as the basecamp in the Village and is encompassed by fine dining experiences such as the new Bourbon Grill by celebrity chef Michael Mina, places to imbibe, a cinema, shops, group gathering areas, and much more. Roaring fire pits offer warmth as families gather in the Village to sip hot cocoa and roast s’mores. The surrounding mountains morph into a kaleidoscope of color in spring and fall, and revelry resides in events such as the prestigious Autumn Food and Wine Festival, among others hosted at the resort. Residents of Truckee’s gated Martis Camp community enjoy the area’s only private direct ski connection to the slopes at Northstar. From luxury ski-in/ski-out residences at The Ritz-Carlton, to multilevel single-family homes or more affordable condos, Northstar has something special for everyone from everywhere. sierrasothebysrealty.com

Based on Information from the Tahoe Sierra MLS as of Jan 1, 2020. This representation is based in whole or in part on data supplied by the Tahoe Sierra MLS . Tahoe Sierra MLS does not guarantee nor is in any way responsible for its accuracy. Data maintained by Tahoe Sierra MLS may not reflect all real estate activity in the market.

MICROMARKET REPORT | Northstar JANUARY - DECEMBER 2019 • TAHOEMICROREPORTS.COM


NORTHSTAR | Single Family January through December Median Price

2018

2019

% Change

$1,085,000

$1,217,500

12%

$1,373,781

$1,361,089

-1%

93

138

48%

Highest Sold Price

$4,741,000

$3,100,000

-35%

Lowest Sold Price

$585,000

$597,000

2%

32

28

-13%

96%

95%

-1%

$43,961,000

$38,110,500

-13%

Average Sold Price Average Days on Market

Properties Sold % Sold Price to Average List Price Total Dollar Volume Sold

NORTHSTAR | Condo January through December Median Price

2018

2019

% Change

$458,200

$442,500

-3%

$461,612

$437,328

-5%

78

69

-12%

Highest Sold Price

$595,000

$615,000

3%

Lowest Sold Price

$335,000

$240,000

-28%

31

32

3%

98%

97%

-1%

$14,310,000

$13,994,500

-2%

Average Sold Price Average Days on Market

Properties Sold % Sold Price to Average List Price Total Dollar Volume Sold

Newer homes and properties with modern upgrades are in the highest demand at Northstar.

NORTHSTAR | Village Condo January through December

2018

2019

% Change

Median Price

$815,000

$761,250

-7%

Average Sold Price

$896,603

$682,438

-24%

148

182

23%

Highest Sold Price

$2,355,000

$1,504,900

-36%

Lowest Sold Price

$218,000

$185,000

-15%

27

18

-33%

96%

95%

-1%

$24,208,284

$12,283,900

-49%

Average Days on Market

Properties Sold % Sold Price to Average List Price Total Dollar Volume Sold

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The life you love.

sierrasothebysrealty.com | tahoemicroreports.com Based on Information from Tahoe Sierra MLS MLS. This representation is based in whole or in part on data supplied by Tahoe Sierra MLS MLS. Tahoe Sierra MLS MLS does not guarantee nor is in any way responsible for its accuracy. Data maintained by Tahoe Sierra MLS MLS may not reflect all real estate activity in the market.

Profile for Sierra Sotheby's International Realty

Northstar 2019 Year End Real Estate Market Report  

2019 Year End real estate market statistics for Northstar

Northstar 2019 Year End Real Estate Market Report  

2019 Year End real estate market statistics for Northstar