2020 Luxury Report Winter Fall Final Spreads

LUXURY
REAL ESTATE MARKET REPORT
FALL-WINTER 2020
LAKE TAHOE | TRUCKEE | RENO-SPARKS | CARSON VALLEY

2020 LUXURY REAL ESTATE MARKET REPORT
Contents
Welcome ................................
Luxury Insights
2020 Q3 Luxury & Lakefront Statistics
Significant Sales .....................
3
4
6-9
10-13
Chase Luxury Statistics ................. 14-18
Featured Luxury Listings ...........
Luxury Partnerships
About Chase International
19-29
30
31
...........................
CHASEINTERNATIONAL.COM
2

welcome
Q3 luxury insights
Chase life—joy, health, success
The extraordinary influx of home buyers to our region gives
us the opportunity to deepen our appreciation of where we
live. The onset of COVID 19 changed the way people value
their lives. People are leaving urban areas and heading our
way to embrace our healthy lifestyle and discover Mother
Nature's divine secrets. The vibrant growth, exciting
economic opportunities and peaceful essence has brought
about the most expansive real estate market in history.
Some would say, “off the Richter scale.”
Lake Tahoe is booming even if inventory is low. Properties
are flying off the shelf as buyers are excited to start a new
way of living. The trails are welcoming hikers and bikers like
never before. Exercise has taken off to new levels and the
young and old are enjoying what we are all about. Creativity
has hit new levels of joy with less distraction. The new trend
of outdoor dining and take-out, along with social distancing
and respect for our neighbors is a new way of living.
Home building is at an all-time record at Clear Creek Tahoe,
Reno is emerging as one of the best places to live and
Truckee offers a special Western charm. The Carson Valley
continues to remain a solid bet with wide-open spaces,
sprawling ranches, and spectacular Sierra views.
At Chase International, our luxury specialists are making
dreams come true!
Luxury wishes,
SHARI CHASE
PRESIDENT & CEO
CHASE INTERNATIONAL
Lake Tahoe
Now that Q3 is in the books, it’s time to take a closer
look at how the luxury real estate market is performing
in 2020. WOW, is the response! The market has been
explosive in properties sold over $1 million for a total
of 497 units. Leading the way, West and North Shore,
CA witnessed a whopping 87% increase in properties
over $1 million, followed by East Shore, NV which
recorded a staggering 72% with Incline Village a close
71% increase. South Lake Tahoe was up 66%.
These numbers are historic because, as of June 2020,
the entire market was down across the board. These
gains all came in a three-month period. We have not
seen such a vigorous market swing in a short period of
time in recent history.
The top sale in 2020 so far was a lakefront on the East
Shore that sold for $38,000,000.
Leading the lakefront sales was the North and West
Shore with 18 through Q3 versus 11 in 2019. Incline
had 11 lakefront sales in 2020 versus 3 in 2019 and
East Shore was 9 verses 6. South Shore saw a robust
lakefront market with 10 sales compared to 2 in 2019.
Truckee
Truckee saw 323 properties sell over $1 million, up an
astounding 84% from this time last year. The median
price in Truckee was $1,695,000 in the luxury arena.
Martis Camp continues to be the most affluent area in
the Truckee market.
Reno-Sparks
Reno-Sparks increased through Q3 in 2020, with a 21%
increase in homes sold over $1 million, representing
207 versus 171 in 2019. The highest priced home in
Reno-Sparks sold for $5,200,000 ($250,000 over
list price). Only two other homes have sold higher
than $5.2 million in history.
Carson Valley
Carson Valley has seen the most tremendous growth
through Q3 in 2020 with a 133% increase of units sold
over $1 million. 35 homes so far in 2020 over a million
versus 15 in 2019. The highest priced property sold in
the Carson Valley was $12 million with the second at
$6,950,000.
CHASEINTERNATIONAL.COM
4

2020 LUXURY REAL ESTATE MARKET REPORT
Properties sold over $1 million
END OF Q3 2020 VS 2019
East Shore Lake Tahoe
from stateline north to
glenbrook, nevada
p176%
VOLUME
2020: $276,000,522
2019: $100,028,600
p72%
UNITS
2020: 81
2019: 47
p22%
MEDIAN PRICE
2020: $1,950,000
2019: $1,600,000
South Lake Tahoe
california
p70%
VOLUME
2020: $142,410,807
2019: $83,885,850
p66%
UNITS
2020: 83
2019: 50
p6%
MEDIAN PRICE
2020: $1,300,000
2019: $1,227,500
West/North Shore
california
p44%
VOLUME
2020: $260,311,519
2019: $180,581,000
p87%
UNITS
2020: 112
2019: 60
p3%
MEDIAN PRICE
2020: $1,630,000
2019: $1,575,000
Incline Village
nevada
p96%
VOLUME
2020: $582,412,876
2019: $297,377,208
p71%
UNITS
2020: 221
2019: 129
p14%
MEDIAN PRICE
2020: $2,635,352
2019: $2,305,250
Truckee
northstar, squaw valley
and alpine ski areas, california
p88%
VOLUME
2020: $721,118,632
2019: $382,763,935
p84%
UNITS
2020: 323
2019: 176
p5%
MEDIAN PRICE
2020: $1,695,000
2019: $1,607,500
Reno/Sparks
nevada
p19%
VOLUME
2020: $309,103,243
2019: $259,618,151
p21%
UNITS
2020: 207
2019: 171
q-2%
MEDIAN PRICE
2020: $1,325,000
2019: $1,350,000
Carson Valley
nevada
p180%
VOLUME
2020: $67,725,979
2019: $24,150,000
p133%
UNITS
2020: 35
2019: 15
q-7%
MEDIAN PRICE
2020: $1,275,000
2019: $1,365,000
Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 10/5/2020.
6

Tahoe Lakefront Sales
SINGLE FAMILY RESIDENTIAL HOMES END OF Q3 2020 VS 2019
MEDIAN PRICE
$15M
Tahoe Lakefront Sales
SINGLE FAMILY RESIDENTIAL HOMES END OF Q3 2020 VS 20198
EAST SHORE
2020
2019
Change
2019 LUXURY MARKET REPORT
$10M
+20%
76%
+22%
-10%
-39%
Volume
Units
Median Price
Average Price
$114,525,000
9
$8,000,000
$12,725,000
$28,745,000
6
$4,550,000
$4,790,833
298%
50%
76%
166%
$5M
SOUTH SHORE
2020
2019
Change
$0
EAST SHORE
$8,000,000
2020
$4,550,000
2019
-47%
-48%
SOUTH SHORE
$3,685,000
2020
$6,925,000
2019
-18%
NORTH & WEST
$4,483,500
2020
$5,475,000
2019
INCLINE VILLAGE
$9,100,000
2020
$15,000,000
2019
Volume
Units
Median Price
Average Price
$34,005,000
10
$3,685,000
$3,405,000
$8,050,000
2
$6,925,000
$6,925,000
322%
400%
-47%
-51%
$150M
VOLUME SOLD
NORTH & WEST SHORE
Volume
Units
2020
$95,360,416
18
2019
$104,140,000
11
Change
-8%
64%
$100M
298%
140%
Median Price
Average Price
$4,483,500
$5,297,800
$5,475,000
$9,467,272
-18%
-44%
$75M
-8%
$50M
+105%
INCLINE & CRYSTAL BAY
Volume
2020
$127,598,000
2019
$53,250,000
Change
140%
$25M
322%
Units
Median Price
11
$9,100,000
3
$15,000,000
267%
-39%
$0
Average Price
$11,599,818
$17,750,008
-35%
EAST SHORE
SOUTH SHORE
NORTH & WEST
INCLINE VILLAGE
$114,525,000
2020
$28,745,000
2019
$34,005,000
2020
$8,050,000
2019
$95,360,416
2020
$104,140,000
2019
$127,598,000
2020
$53,250,000
2019
Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 10/5/2020.
Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada, NNRMLS and South Lake Tahoe Board of Realtors MLS 10/5/2020.
8

2020 Significant Chase Sales
LUXURY SALES HIGHLIGHTS
2020 Significant Chase Sales
LUXURY SALES HIGHLIGHTS
East Shore, Nevada $27,500,000
Incline Village, Nevada $24,850,000
East Shore, Nevada $10,900,000
East Shore, Nevada $8,000,000
Seller Representation
Seller & Buyer Representation
Seller & Buyer Representation
Seller & Buyer Representation
Incline Village, Nevada $16,900,000
Seller Representation
East Shore, Nevada $12,300,000
Seller & Buyer Representation
Incline Village, Nevada $6,600,000
Seller Representation
Crystal Bay $6,350,000
Seller & Buyer Representation
CHASEINTERNATIONAL.COM | 866 470 8863
CHASEINTERNATIONAL.COM | 866 470 8863
10

Significant New Home Sales
LUXURY SALES HIGHLIGHTS
Significant New Home Sales
LUXURY SALES HIGHLIGHTS
200 SOLD OR PENDING HOMESITES
HOMESITES FROM $380,000 | LUXURY HOMES FROM $2,700,000
SOLD OUT
9 LAKEFRONT CONDOMINIUMS
27 SOLD
RANGING FROM $950,00 TO $2,125,000
SOLD OUT
11 LUXURY MONTRÊUX RESIDENCES
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INDIGO RUN | DONNA SPEAR | $3,500,000
The luxury leader.
Chase continues to lead the luxury real estate market, selling more
homes over $5, $10 and $20 million, year after year after year.
We are proud to have sold almost $1.5 billion worth of property in
2019 and on track to sell over $2 billion in 2020. With a history of
unparalleled success, in 1996 and 1998, when the highest-priced
property sold in New York City was $12 million, Chase negotiated
record-breaking sales of $50 million and $30 million, unheard of in the
nation at that time. We held that record nationwide for eight years.
Bolstered by our luxury heritage and strength of character, Chase
Sales Executives excel at innovation, creativity and negotiation,
bringing about a happy and productive result for each client.
We are grateful to our loyal clientele, our talented colleagues and our
dedicated Chase Sales Executives for the success we have enjoyed
for 34 years.
CHASEINTERNATIONAL.COM
14

Properties sold over $5 million
NUMBER OF TRANSACTIONS SOLD, TOP SIX COMPANIES
Properties sold over $10 million
NUMBER OF TRANSACTIONS SOLD, TOP SIX COMPANIES
200
60
180
50
160
140
40
120
100
30
80
60
20
40
10
20
0
0
207 80
79
72
45
36
66 27
25
17
16
12
Sierra
Sotheby’s
Oliver Luxury
Real Estate
Coldwell
Banker IV/ZC
Tahoe Luxury
Properties
Lakeshore
Realty
Oliver Luxury
Real Estate
Sierra
Sotheby’s
Lakeshore
Realty
Coldwell
Banker IV/ZC
Tahoe Luxury
Properties
Information gathered from MLS and County records. Transactions since 1989 through 10/5/2020.
Information gathered from MLS and County records. Transactions since 1989 through 10/5/2020.
The luxury leader.
The luxury leader.
16

Properties sold over $20 million
NUMBER OF TRANSACTIONS SOLD, TOP FIVE COMPANIES
Exclusive Luxury Listings
A COLLECTION OF OUR CURRENT PROPERTIES
22
20
18
16
14
12
10
MAY-AH-MEE LODGE - $7,675,000
Tahoma, California | Trinkie Watson | 530 582 0722
COVERDALE ESTATE - $7,650,000
Incline Village, Nevada | Donovan Group | 775 750 2190
8
6
4
2
0
22 10
6
4
3
Sierra
Sotheby’s
Oliver Luxury
Real Estate
Lakeshore
Realty
Tahoe Luxury
Properties
GONOWABIE - $6,400,000
Incline Village, Nevada | Susan Lowe | 775 690 1444
LAKESHORE - $6,200,000
Incline Village, Nevada | Donovan Group | 775 750 2190
Information gathered from MLS and County records. Transactions since 1989 through 10/5/2020.
SIERRA RIDGE - $5,750,000
Glenbrook, Nevada | Karen Packman | 775 720 9422
EMERALD SHORES - $5,400,000
Glenbrook, Nevada | Mike Dunn | 775 901 6633
The luxury leader.
CHASEINTERNATIONAL.COM | 866 470 8863
18

Crystal Pines
26 +/- acre private gated lakefront estate
Exclusively offered at $48,000,000
Shari Chase | 775 762 6130 | crystalpinesatlaketahoe.com
24 Crystal Drive
Cutting edge luxury lakefront
Offered at $23,950,000
The Donovan Group | 775 750 2190 | 24crystaldrivetahoe.com
22

Captain Jon's
Iconic Lake Tahoe offering
Offered at $14,995,000
Trinkie Watson | 530 582 0722
Nixon Mansion
Historic Reno estate on the Truckee river
Offered at $13,900,000
Trinkie Watson | Donna Spear | 530 582 0722 | nixonmansion.com
20

Cedarbrook
One of a kind private lakefront
Offered at $11,999,000
Mike Dunn | 530 901 6633
Sunnyside
Live on Lake Tahoe's preeminent street
Offered at $8,200,000
Trinkie Watson | 530 582 0722
26
24

The Aerie
Distinctive Reno luxury
Offered at $4,250,000
Ruby Von Schwerin | Donna Spear | 775 323 3884 | 40pronghorn.com
Mountain View Ranch
Elegant ranch home on 20 acres
Offered at $3,800,000
Lorilyn Vasey Chitwood | 775 450 4544
28

Tahoe's Newest Mountain
and Lake Community
OWN IT.
Zalanta
The ultimate Lake Tahoe experience
Luxury condos just steps from the Heavenly Gondola from $995,000.
Mike Dunn | 775 901 6633 | zalanta.com
Clear Creek Tahoe
Intimate. Private. Spacious.Clear Creek
Homesites from $360,000
INTIMATE. PRIVATE. SPACIOUS.
Homes starting at $2,700,000
HOMESITES FROM $360,000 | CLEARCREEKTAHOE
Georgia Chase | 775 636 3085 | clearcreektahoe.com
29

Our partnerships take your property
into every global market.
Chase International is connected to 550+ top-tier independent real estate brokerages, from the San Francisco Bay Area to New
York City and beyond, spanning 60 countries on six continents around the globe, including our London office. Through this
partnership we reach over 120,000 real estate agents, who represent more $1M+ properties than any other real estate company
in the world. Together we close over $500 billion in annual sales, with one of our transactions closing every 15 minutes.
WHO’S WHO IN LUXURY REAL ESTATE
A worldwide collection of top brokers representing the finest luxury properties across the globe, Who’s Who in
Luxury Real Estate has been leading the real estate industry since 1986. This hand-selected group of more than
130,000 professionals with properties in more than 70 countries collectively sells over $300 billion of real estate
annually, making it the most elite and comprehensive luxury real estate network in the world.
LUXURY PORTFOLIO INTERNATIONAL
Luxury Portfolio International® is the luxury face of Leading Real Estate Companies of the World® the largest global
network of premier locally branded companies dominated by many of the world's most powerful independent
luxury brokerages.
LEADING REAL ESTATE COMPANIES OF THE WORLD
Through this premier International magazine for luxury estates, Chase features its prestigious properties twice a
year to target affluent clients. Its circulation includes an exclusive distribution to each member’s private database,
and to the world’s premier hotels, international airports and bookstores.
MAYFAIR INTERNATIONAL REALTY
We have expanded our London office to include United Kingdom’s Mayfair International Realty in response to the
increased traffic of overseas buyers. By doing so, we have further provided a marketing and sales platform for our
properties to European investors. Mayfair International connects to 125 real estate brokerages with 350 offices,
each with a stellar reputation in their respective countries. Country Life uploads all Chase properties over $1 million
to their magazine website, Countrylife.co.uk. Country Life has been a national institution in the U.K. for over 100
years; a copy is hand-delivered to the Royal Family each week. Mayfair provides advertising and public relations
opportunities to ensure maximum exposure for Chase International listings.
ONE COMPANY. ONE HEART. ONE PHILOSOPHY
ON TRACK TO SELL OVER $2B IN ANNUAL SALES FOR 2020.
Chase International is one of the nation’s most successful independent real estate firms specializing in
unique and distinctive properties in the Tahoe/Reno region. With more than 380 compassionate and
determined REALTORS® in 12 locations, we are committed to our clients' success. We have more qualified
luxury professionals and top lakefront specialists with the experience and connections to serve all your needs.
We empower people to achieve unlimited possibilities, make magical life decisions, and bring peace and
harmony into their lives. This is our secret power. Put the Chase Power of Success to work for you.
THE LEADER IN LUXURY REAL ESTATE | CHASEINTERNATIONAL.COM
LEADING ESTATES OF THE WORLD
Through this premier International magazine for luxury estates, Chase features its prestigious properties twice a
year to target affluent clients. Its circulation includes an exclusive distribution to each member’s private database,
and to the world’s premier hotels, international airports and bookstores.
ARTISAN
GROUP
ARTISAN GROUP
The Artisan Group is a strategic alliance of high image real estate companies reaching from the greater
San Francisco Bay area to Lake Tahoe. Chase clients benefit from this prestigious group’s network of professional
luxury real estate brokers. Through this alliance, Chase is able to connect with qualified buyers in our major
feeder markets.
Zephyr Cove | Glenbrook | Incline Village | South Lake Tahoe | Tahoe City | Truckee
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Reno | Sparks | Carson Valley | Sacramento | Henderson | London

Sensing the cooler water flowing from South Lake Tahoe's
Taylor Creek and smelling the waters of their birth,
the Kokanee begin making their way up the 2-mile stream.
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except with the prior written permission of Chase International. All information is deemed reliable
while not guaranteed accurate.
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