L a k e T a h o e R e a L e s TaT e

MARKET REPORTM i d -Y e a R 2020

This Tahoe City west shore lakefront home sold for $18,000,000 on 5.5.20.Bill Dietz represented the buyer.

TOCLake Tahoe ReaL esTaTe

MaRkeT RepoRT Mid-YeaR 2020

Analysis Includes:Median Home Prices

Units Sold DataYear-Over-Year Trending

Reporting by Region

Prepared by Bill Dietz, Principal Broker

BillD@TLUXP.com | 530.584.3454CA DRE #01431063 | NV RED #B0027100 | Source: Tahoe Sierra MLS and Incline Village MLS

Tahoe sieRRa MLs, Ca

NoRTh & WesT shoRes, Ca

iNCLiNe ViLLage & CRYsTaL BaY, NV

LakefRoNTs, Ca & NV

TRuCkee, Ca

MaRkeT aNaLYsis

The first quarter of 2020 started strong, with median price and sales volume on the rise.

In the second quarter, a global pandemic brought real estate showings to a brief halt as the

world determined how to navigate sheltering in place. In June, we’ve seen the beginnings

of a strong recovery, with Lake Tahoe being a sought after location for those choosing to

escape nearby urban areas. As a result, this mid-year report includes a roll up of both ends

of the spectrum, months with significant sales alongside months with minimal activity.

Regions with significant sales volume saw an overall rise, whereas smaller segments like

Lakefronts and Incline Village & Crystal Bay saw a dip in sales volume. Median price dipped

in the Tahoe Sierra MLS and in Truckee, but rose in all other regions. The inconsistencies

reflect the large disruption to the market over the first half of 2020. Given the recent

market activity, with low supply, high demand, small number of days on the market, and

significant pending sales, we expect Q3 numbers to show a strong recovery.

January - June 2020

Tahoe Sierra MLSSingle-family homes in California on Lake Tahoe’s North and West Shores,

plus all of Truckee, Northstar, Olympic Valley and Alpine Meadows

Single-family homes sold increased 15% year over year.

Median price decreased 3% year over year.

Median price dipped for the first time in 5 years.

46 of 429 homes (11%) sold over $2 million.

POINTS ofINTEREST

313 310

261

239

345362

438464

390

402

470

395

426

373

429$769K

$670K$635K

$550K

$495K

$440K

$416K

$485K

$579K

$550K

$620K

$670K

$726K

$751K

$730K

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

$800,000

$900,000

0

50

100

150

200

250

300

350

400

450

500

1st Half2006

1st Half2007

1st Half2008

1st Half2009

1st Half2010

1st Half2011

1st Half2012

1st Half2013

1st Half2014

1st Half2015

1st Half2016

1st Half2017

1st Half2018

1st Half2019

1st Half2020

Units Sold

Median Price

North & West ShoresSingle-family homes in the Lake Tahoe Basin in California including Tahoe’s North and

West Shores, as well as Alpine Meadows and Squaw Valley

January - June 2020

Single-family homes sold increased 5% year over year.

Median price increased 2% year over year.

Median price is on a 8-year growth trend and is the 2nd highest in 15 years.

11 of 134 homes (8%) sold for over $2 million.

POINTS ofINTEREST

111

75

68

59

101106

145137

126

152 151

128133

128 134

$825K

$713K

$653K$575K

$461K

$480K

$380K$442K

$534K$569K

$595K

$690K$695K

$753K$765K

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

$800,000

$900,000

0

20

40

60

80

100

120

140

160

1st Half2006

1st Half2007

1st Half2008

1st Half2009

1st Half2010

1st Half2011

1st Half2012

1st Half2013

1st Half2014

1st Half2015

1st Half2016

1st Half2017

1st Half2018

1st Half2019

1st Half2020

Units Sold

Median Price

Incline Village & Crystal BaySingle-family homes in Incline Village, NV and Crystal Bay, NV

January - June 2020

Single-family homes sold decreased 37% year over year.

Median price decreased 1% year over year.

Median price reached a 15-year high.

17 of 61 homes (28%) sold for over $2 million.

POINTS ofINTEREST

60

73

45

36

46

44

61

111

65

57

73

78

108

98

61

$1.058M

$1.2M

$1.1M

$988K

$795K

$813K

$780K

$1.064M$1.025M

$895K

$985K

$1.114M

$1.18M

$1.305M $1.32M

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

0

20

40

60

80

100

120

1st Half2006

1st Half2007

1st Half2008

1st Half2009

1st Half2010

1st Half2011

1st Half2012

1st Half2013

1st Half2014

1st Half2015

1st Half2016

1st Half2017

1st Half2018

1st Half2019

1st Half2020

Units Sold

Median Price

LakefrontsSingle-family lakefront homes located between Rubicon Bay, CA and Incline Village, NV

January - June 2020Single-family homes sold decreased 45% year over year.

Median price increased 71% year over year.

6 of 6 homes (100%) sold for over $2 million.

Note: Small sample size can heavily influence data. Median price does not directly correlate to market appreciation/depreciation.

POINTS ofINTEREST

16

9

5 5

9 9

8

15 15

12

8

10

14

11

6

$4.125M

$4.975M

$3.8M

$2.5M

$3.995M

$2.975M

$3.475M

$4.6M

$3.548M

$4.55M

$4.388M

$8.675M

$4.26M$4.3M

$7.385M

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$7,000,000

$8,000,000

$9,000,000

$10,000,000

0

2

4

6

8

10

12

14

16

18

1st Half2006

1st Half2007

1st Half2008

1st Half2009

1st Half2010

1st Half2011

1st Half2012

1st Half2013

1st Half2014

1st Half2015

1st Half2016

1st Half2017

1st Half2018

1st Half2019

1st Half2020

Units Sold

Median Price

TruckeeSingle-family homes in Truckee including Downtown Truckee, Glenshire, Prosser, Tahoe Donner,

Donner Lake, Donner Summit, Sierra Meadows, Old Greenwood, Northstar, Martis Camp & Lahotan

January - June 2020

Single-family homes sold increased by 20% year over year.

Median price decreased by 5% year over year.

Median price reaches a 15-year high.

35 of 295 homes (12%) sold for over $2 million.

POINTS ofINTEREST

188

224

182172

230 240

278

312

249

250

319

267

293

245

295

$725K

$628K $615K

$525K

$490K

$435K$423K

$489K

$578K

$540K

$620K

$665K

$732K $751K$717K

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

$800,000

0

50

100

150

200

250

300

350

1st Half2006

1st Half2007

1st Half2008

1st Half2009

1st Half2010

1st Half2011

1st Half2012

1st Half2013

1st Half2014

1st Half2015

1st Half2016

1st Half2017

1st Half2018

1st Half2019

1st Half2020

Units Sold

Median Price

TOC

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. In 2019 alone, Bill Dietz sold over

$90.8 million in residential real estate sales in both California and Nevada, making him a top

agent in the region. Since 2006, Bill Dietz has sold over $820 million, including 61 lakefronts.

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 1.800.581.8828 or visit TLUXP.com.

aBouT Tahoe LuxuRY pRopeRTies