OFFICE LOCATIONS

TAHOE MOUNTAINR EP ORT

info@tahoemountainrealty.com530.550.2000 PO Box 3757, Truckee, CA 96160 www.tahoemountainrealty.com

TAHOE -TRUCKEE REAL ESTATE - 2014 ( 12 MO ) MARKET REVIEW

OLD GREENWOOD12915 Fairway DriveTruckee, CA 96161

NORTHSTAR3001 Northstar DriveTruckee, CA 96161

THERITZ-CARLTON13031 Ritz-Carlton

Highlands CtTruckee, CA 96161

GRAY’S CROSSING11406 Henness RoadTruckee, CA 96161

TRUCKEE/TAHOE MARKET OVERVIEW - 2015 ( 6 MO )

Data co l lected January - June 2015 . Data conta ined in th i s repor t i s f rom the Tahoe S ie r ra Board of Rea l tors .In format ion i s deemed re l iab le but not guaranteed. Consu l t your Tahoe Mounta in Rea l ty Broker fo r more in format ion .

0

200

400

600

800

1000

1200

1400

1600

1800

2014 (6 MO)2013201220112010200920082007200620052004

1,382

1,661

1,1351,037

889

1,079

1,3521,252

1,4281,488

568

TRANSACTION VOLUME COMPARISON

SALES VOLUME COMPARISON

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

2014 (6 MO)2013201220112010200920082007200620052004

$1,031,643,482

$1,294,296,737

$953,800,000

$831,967,000

$686,185,000$639,332,000

$760,551,000$642,497,000

$855,351,371

$1,029,095,850

$466,185,209

MIL

LIO

NS

CONTINUED

ACTIVE LISTING INVENTORY

0

500

1000

1500

2000

2500

3000

3500

4000

2014 (6 MO)20132011201020092008200720062005

1,731 1,692

2,234

3,611

3,100

3,346

1,393

1,803

1,075

AVERAGE SALES PRICE

$0

$100000

$200000

$300000

$400000

$500000

$600000

$700000

$800000

$900000

$1000000

2014 (6 MO)201320122011201020092008200720062005

$936,539$840,352 $802,283

$771,862

$592,523$562,538

$513,177

$601,217

$685,247

$820,749

2014 (6 MO) RESIDENTIAL TRANSACTIONS BY PRICE POINT

UNDER $500,000 292 $332,806

$500,001 TO $1,000,000 202 $687,729

$1,000,001 TO $2,000,000 64 $1,424,325

$2,000,001 TO $3,000,000 17 $2,488,005

OVER $3,000,000 29 $4,510,124

RESIDENTIAL TOTAL 508 $825,670

AMOUNT OF SALE NUMBER OF TRANSACTIONS AVERAGE SALES PRICE

www.TAHOEMOUNTAINREALTY.com

M A R K E T N E W S

info@tahoemountainrealty.com530.550.2000 PO Box 3757, Truckee, CA 96160 www.tahoemountainrealty.com

The adage “quality over quantity” best sums-up the Tahoe-Truckee real estate market for 2014. With soaring economic conditions in the San Francisco Bay Area, more and more families made their way to Lake Tahoe to spend quality time together. This demand for home ownership led to a second straight year of over $1 billion in sales -- the first time since 2004-2005.

Following an exceptionally robust 2013, quality inventory was at a premium heading into 2014. Despite fewer overall sales, the region’s dollar volume grew by over $100 million, indicative of a higher number of transactions for the market’s top tier properties. Average price grew by 18% in 2014 buoyed by 249 transactions at prices greater than $1 million.

Three communities in particular set the tone for the surging luxury market in 2014.

Tahoe Lakefronts, the gold standard for Tahoe real estate, outperformed all other classes over the past year with $130 million traded over 34 properties – the highest level in nearly a decade.

Martis Camp, elevating Tahoe resort property for nearly a decade now, has only 80 homesites left so the focus shifted to the sale of custom homes. 2014 saw 36 residences sold in this community at an average price of $3,700,000 -- a figure nearly identical to lakefront sales. Finally, as Vail Resorts continues to distinguish itself as the world’s elite resort operator, the prestige of Northstar has risen to new levels. Accordingly, the opportunity to live on the Mountain has become its own calling card. Mountainside Northstar, the community anchored by The Ritz-Carlton; Lake Tahoe, has established an identity as the premiere on-mountain living experience on the West Coast. In 2014, Mountainside experienced over $40,000,000 in transactions ranging from estate land to premiere ski-in / ski-out residences.

Looking ahead to 2015, all indications are that this robust market will continue. With inventory remaining at a balanced 6-month supply and stable economic conditions Tahoe appears poised for another year of growth. As Martis Camp and The Ritz-Carlton Residences near sellout, Mountainside Northstar, Lahontan, Gray’s Crossing and Old Greenwood stand to benefit as the recipients of attention from well-qualified consumers.

At Tahoe Mountain Realty, we look forward to helping you make your Tahoe dream a reality in 2015.

Regards,

General ManagerTahoe Mountain Realty