Lake Tahoe Real Estate Market Report Quarter One 2016

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1 Lake Tahoe Real Estate Market Report Quarter One 216 Market Analysis Includes: Median Home Price and Data Year Over Year Trending Reporting By Region Lakefronts, CA & NV Tahoe Sierra MLS, CA North & West Shores, CA Incline Village & Crystal Bay, NV Truckee, CA Prepared by Bill Dietz, President , CA BRE Lic #143163, NV RED Lic #B271 Source: Tahoe Sierra MLS and Incline Village MLS

2 Lakefronts Market Report: Q1 216 Single-Family Homes and Estates located on California s North and West Shores (to Rubicon Bay) and in Nevada s Incline Village and Crystal Bay 8 $12,, $1.55M 6 6 $1,, 5 4 $6.5M 4 $6.2M $7.35M $4.695M $8,, $6,, $2.35M $3.475M $2.37M $3.49M $3.265M $4.55M $4,, $2,, $ 6 Units sold makes 216 the 3 rd highest (tie) Q1 sales volume in over 1 years 3% increase in median price year-over-year A word of caution, median price does not directly correlate to market appreciation/depreciation, and small sample size can heavily influence resultant data

3 Tahoe Sierra MLS Market Report: Q1 216 Single-Family Homes in California on Lake Tahoe s North and West shores and in Truckee, Donner Lake, Northstar, Olympic Valley, and Alpine Meadows 25 $73K $8, 2 $682K $653K $552K $635K $574K $624K 2 $7, $6, $5K $439K $388K $472K $5, $4, $3, 5 $2, $1, $ 23% increase in units sold year-over-year 9% increase in median price year-over-year 2 units sold makes 216 the 2 nd highest Q1 sales volume in over ten years

4 North & West Shores, CA Market Report: Q1 216 Single-Family Homes in the Lake Tahoe Basin in California including Tahoe s North and West Shores, as well as Alpine Meadows and Squaw Valley 8 $73K $749K $8, $575K 36 $585K 44 5 $463K 68 $464K $64K $551K $417K 42 $355K 59 $565K $7, $6, $5, $4, $3, 2 23 $2, 1 $1, $ 11% decrease in units sold year-over-year 3% increase in median price year-over-year 6 of the 59 homes sold for over $2M, equal to 1%, making it the the highest percentage of Q1 sales over $2M in over 1 years

5 Incline Village & Crystal Bay, NV Market Report: Q1 216 Single-Family Homes in Incline Village and Crystal Bay, Nevada 5 45 $1.9M 45 $2,, $1,8, 4 $1,6, $1.45M 32 $1.11M 12 $894K $925K $9K 33 $1.145M $1.3M $65K 31 $985K 22 $821K $1,4, $1,2, $1,, $8, $6, $4, 5 $2, $ 41% increase in units sold year-over-year 2% increase in median price year-over-year For the third time in 1 years, less than 2% of the Q1 homes sold for over $2M (5 of 31 homes)

6 Truckee, CA Market Report: Q1 215 Single-Family Homes in Truckee including Downtown Truckee, Glenshire, Prosser, Tahoe Donner, Donner Lake, Donner Summit, Sierra Meadows, Old Greenwood, Northstar, Martis Camp, & Lahontan 16 $8, $78K $665K 15 7 $677K 117 $55K 14 $52K $439K $4K 134 $65K $62K $58K $492K $7, $6, $5, $4, 6 $3, 4 $2, 2 $1, $ 45% increase in units sold year-over-year 12% increase in median price year-over-year 216 marks the highest sales volume in Q1 in over 1 years

7 About Tahoe Luxury Properties Tahoe Luxury Properties is a full-service real estate company specializing in luxury real estate sales and premier vacation rentals in the Lake Tahoe region. Since January 214, Bill Dietz closed over $168 million in residential real estate sales in both California and Nevada, including 13 lakefront homes. These results reflect our commitment to our clients. Tahoe Luxury Properties is best positioned to market and sell premier real estate throughout Lake Tahoe and its spectacular surrounding communities. Whether you are looking for a Tahoe family vacation home to enjoy for generations or for an investment property that will provide a sound return, Tahoe Luxury Properties brokers and agents will help you comprehensively understand the real estate dynamic in the region. Whether you are ready to buy or simply initially exploring the options in Lake Tahoe Real Estate, let us show you Tahoe Luxury Properties. For more information, please contact us at or visit TLUXP.com.