T A H O E - T R U C K E E R E A L E S T A T E ~ 2 0 1 4 ( 6 M O ) M A R K E T R E V I E W

O F F I C E L O C A T I O N S

THE TAHOE MOUNTAIN

R E P O R T

12915 Fairway DriveTruckee, CA 96161

3001 Northstar DriveTruckee, CA 96161

13031 Ritz-CarltonHighlands Ct

Truckee, CA 96161

530.550.2000 : : TMRRealEstate.com

530.550.2000TMRRealEstate.com

Tree House, Mountainside’s New Clubhouse

11406 Henness RoadTruckee, CA 96161

Now two years into recovery, the Tahoe Truckee real estate market is surging, led by an overwhelming push in the luxury segment. With the rapid economic growth of our Northern California feeder market and their keen desire for a retreat in a beautiful environment, the fundamentals of Lake Tahoe Real Estate are nearly as strong ever.

While sales volume for the entire region has lagged 14% behind 2013 year-to-date, the luxury market segment (defined as properties $1 million and over) has shown a dramatic 28% increase. The decline in overall volume was largely due to the lack of available properties for sale earlier this year.

The overall region continues to show strong advances in median and average price through the first half of 2014 again driven by the upper tier sales. Average price has risen 20% from $687,144 in the first half of 2013 to $826,117 through June.

The introduction of communities that cater to the changing demographics of our consumer continue to thrive as evidenced by the $25,000,000 in sales within Northstar Mountainside, as well as the ongoing success of Martis Camp. While Lake Tahoe has been the principle draw to the region historically, new generations of affluent consumers are finding the right fit for their families at Northstar. The opportunity to live next to the signature services, luxury and amenities of The Ritz-Carlton, while having immediate access to nature, has created a lifestyle conducive to quality time with multiple generations. The recent Grand Opening of Tree House, Mountainside’s new community clubhouse, will only enhance the qualify of life offered in this unique and special community.

Tahoe Mountain Resorts also has enjoyed a stellar first half of 2014, continuing to deliver superior service and representing a strong majority of sales within our core markets of Northstar, Martis Camp, Lahontan, Old Greenwood and Gray’s Crossing. As we look forward to an active second half of the year, TMR will be at the forefront helping buyers and sellers achieve their goals of living the Tahoe life.

Regardless of economic conditions, the second half of any year is always full of endless opportunity for outdoor recreation and quality family experiences. We look forward to seeing you in the mountains.

Regards,

Jeff BrownVice President, Sales and MarketingTahoe Mountain Resorts Real Estate

Market News

Truckee-Tahoe Market Overview ~ 2 0 1 4 ( 6 M o )

0

200

400

600

800

1000

1200

1400

1600

1800

2014 (6 MO)2013201220112010200920082007200620052004

1,382

1,661

1,1351,037

889

1,079

1,352

1,252

1,4281,488

568

T R A N S A C T I O N V O L U M E C O M P A R I S O N

S A L E S V O L U M E C O M P A R I S O N

* Data collected January – June 2014.

Data contained in this report is from the Tahoe Sierra Board of Realtors.

Information is deemed reliable but not guaranteed. Consult your Tahoe Mountain

Resorts Broker for more information.

A V E R A G E S A L E S P R I C E

A C T I V E L I S T I N G I N V E N T O R Y

2014 (6 MO) RESIDENTIAL TRANSACTIONS BY PRICE POINT

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

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

$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

$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

MIL

LIO

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