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MICRO MARKET REPORT S O U T H L A K E TA H O E Q UA RT E R 1 20 1 9

TA H O E M I C RO R E P O RTS.CO M


MARKET SNAPSHOT Average Sold Price Quarter 1 2019

495 %

8%

LAKEFRONT SINGLE FAMILY

NON-LAKEFRONT SINGLE FAMILY

2018....... $975,000

2018....... $541,148

2019....... $5,800,000

2019....... $582,248

21 %

35 %

LAKEFRONT CONDO

NON-LAKEFRONT CONDO

2018....... $495,400

2018....... $573,324

2019....... $392,000

2019....... $372,333

2%

2%

TAHOE KEYS SINGLE FAMILY

TAHOE KEYS CONDO

2018....... $780,027

2018....... $421,500

2019....... $794,214

2019....... $430,000

9%

29 %

SOUTH LAKE TAHOE CITY SINGLE FAMILY

SOUTH LAKE TAHOE COUNTY SINGLE FAMILY

2018....... $574,773

2018....... $522,114

2019....... $624,805

2019....... $372,333

SOUTH LAKE TAHOE, Q1 2019

TA H O E M I C RO R E P O RTS.CO M


SOUTH LAKE TAHOE

| MICRO MARKET STATS

January through March

ALL LAKEFRONT single family

2018

2019

Change

Median Price

$975,000

$5,800,000

495%

Average Sold Price

$975,000

$5,800,000

495%

474

349

-26%

Highest Sold Price

$975,000

$5,800,000

495%

Lowest Sold Price

$975,000

$5,800,000

495%

1

1

0%

98%

97%

-1%

$975,000

$5,800,000

495%

2018

2019

Change

Median Price

$475,000

$550,000

16%

Average Sold Price

$541,148

$582,248

8%

132

122

-8%

Highest Sold Price

$1,595,000

$1,625,000

2%

Lowest Sold Price

$187,000

$143,000

-24%

Properties Sold

130

103

-21%

% Sold Price to Average List Price

97%

98%

1%

$70,349,175

$59,971,515

-15%

Average Days on Market

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

January through March

ALL NON-LAKEFRONT single family

Average Days on Market

Total Dollar Volume Sold

SOUTH LAKE TAHOE, Q1 2019

TA H O E M I C RO R E P O RTS.CO M


SOUTH LAKE TAHOE

| MICRO MARKET STATS

January through March

LAKEFRONT condos

2018

2019

Change

Median Price

$515,000

$392,000

-24%

Average Sold Price

$495,400

$392,000

-21%

145

44

-70%

Highest Sold Price

$650,000

$465,000

-28%

Lowest Sold Price

$325,000

$319,000

-2%

5

2

-60%

97%

102%

5%

$2,477,000

$784,000

-68%

2018

2019

Change

Median Price

$395,000

$341,000

-14%

Average Sold Price

$573,324

$372,333

-35%

149

119

-20%

Highest Sold Price

$1,530,000

$560,000

-63%

Lowest Sold Price

$127,000

$220,000

73%

17

12

-29%

98%

96%

-2%

$9,746,500

$4,468,000

-54%

Average Days on Market

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

January through March

NON-LAKEFRONT condos

Average Days on Market

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

SOUTH LAKE TAHOE, Q1 2019

TA H O E M I C RO R E P O RTS.CO M


SOUTH LAKE TAHOE

| MICRO MARKET STATS

January through March

TAHOE KEYS single family

2018

2019

Change

Median Price

$672,000

$716,500

7%

Average Sold Price

$780,027

$794,214

2%

172

170

-1%

Highest Sold Price

$1,360,000

$1,325,000

-3%

Lowest Sold Price

$450,000

$421,000

-6%

14

7

-50%

95%

95%

1%

$10,920,375

$5,559,500

-49%

2018

2019

Change

Median Price

$453,000

$365,000

-19%

Average Sold Price

$421,500

$430,000

2%

98

134

37%

Highest Sold Price

$530,000

$560,000

6%

Lowest Sold Price

$312,500

$365,000

17%

5

3

-40%

97%

97%

-1%

$2,107,500

$1,290,000

-39%

Average Days on Market

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

January through March

TAHOE KEYS condos

Average Days on Market

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

SOUTH LAKE TAHOE, Q1 2019

TA H O E M I C RO R E P O RTS.CO M


SOUTH LAKE TAHOE

| MICRO MARKET STATS

January through March

SOUTH LAKE TAHOE CITY single family

2018

2019

Median Price

$463,250

$488,250

5%

Average Sold Price

$533,110

$557,218

5%

Average Days on Market

133

132

-1%

Highest Sold Price

$1,360,000

$1,625,000

19%

Lowest Sold Price

$202,500

$211,000

4%

68

54

-21%

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

January through March

SOUTH LAKE TAHOE COUNTY single family

0% -17%

2018

2019

Change

$595,000

12%

Average Sold Price

$574,773

$624,805

9% -12%

Average Days on Market

116

102

Highest Sold Price

$1,595,000

$1,550,000

-3%

Lowest Sold Price

$206,000

$250,000

21%

52

41

-21%

Properties Sold

98%

98%

0%

$29,888,200

$25,617,000

-14%

2018

2019

Change

Median Price

$377,500

$341,000

-10%

Average Sold Price

$522,114

$372,333

-29%

January through March

Average Days on Market

143

119

-17%

Highest Sold Price

$1,530,000

$560,000

-63%

Lowest Sold Price

$127,000

$220,000

73%

22

12

-45%

Properties Sold

SOUTH LAKE TAHOE, Q1 2019

97% $30,089,765

$533,000

% Sold Price to Average List Price

condo

97% $36,251,475

Median Price

Total Dollar Volume Sold

SOUTH LAKE TAHOE CITY & COUNTY

Change

% Sold Price to Average List Price Total Dollar Volume Sold

98%

96%

-2%

$11,486,500

$4,468,000

-61%

TA H O E M I C RO R E P O RTS.CO M


SOUTH LAKE TAHOE NEIGHBORHOODS

8 3

7 1 6 4 2

9

10 5

1 Tahoe Keys

5 Meyers

9 Fallen Leaf Lake

2 Montgomery Estates

6 Y Area

10 Country Club Estates

3 Cascade Properties

7 Heavenly Valley

4 Pioneer Trail

8 Stateline

SOUTH LAKE TAHOE, Q1 2019

TA H O E M I C RO R E P O RTS.CO M


W E

A R E

LOCAL EXPERTS Over 120 local real estate experts at 10 Sierra Sotheby’s International Realty locations throughout the Lake Tahoe area.

VILLAGE AT NORTHSTAR 4001 Northstar Drive #4105 Truckee, CA 96161 SQUAW VALLEY 1750 Village East Road #63B Olympic Valley, CA 96146 HEAVENLY / STATELINE 1001 Heavenly Village Way #36A South Lake Tahoe, CA 96150 INCLINE VILLAGE 570 Lakeshore Boulevard Incline Village, NV 89451

Lake Tahoe

Carson City

TAHOE DONNER 11382 Northwoods Boulevard Truckee, CA 96161 DOWNTOWN TRUCKEE 10044 Donner Pass Road Truckee, CA 96161 TAHOE CITY - GALLERY 695 North Lake Boulevard Tahoe City, CA 96145 TAHOE CITY - LAKESIDE 950 North Lake Boulevard Tahoe City, CA 96145 SOUTH LAKE TAHOE 2247 Lake Tahoe Boulevard South Lake Tahoe, CA 96150 THE SUMMIT AT RENO 13945 S. Virginia Street #606 Reno, NV 89511


LIVE INSPIRED The location, the style, the feeling you get when you walk through the door –every aspect of your home should be a reflection of who you are, where you’ve been, and the life you aspire to live. Your best life begins with a home that inspires you.

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INCLINE VILLAGE

|

SOUTH LAKE TAHOE

|

SQUAW VALLEY

|

TAHOE CITY

|

TAHOE DONNER

|

DOWNTOWN TRUCKEE

HEAVENLY VILLAGE/STATELINE | NORTHSTAR | THE SUMMIT, RENO | CA BRE# 02019110

Profile for Sierra Sotheby's International Realty

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