Dollar Point Market Update

Emerald Bay Sunrise

Under $1.25 million in Dollar Point is en fuego now with 3 homes in escrow – 2 were on the market for 6 and 20 days respectively.  This is quite impressive given that the average time on market in this area is roughly 100 days. We saw this in 2016 but what’s interesting about the activity now is that it is hitting before the summer season.  There are only 5 active listings in Dollar Point. The number of homes offered for sale is usually between 15-20.  See all listings here.

Some 2016 highlights: Five of the 23 sales in 2016 we are at or over the asking price. A lakeview home on MLS at $2.7m had multiple offers. A panoramic lakeview home on Edgecliff Court sold for $3.6m; another pano lakeview in need of updating sold for $2.4m. A soulful lakefront fixer – many called it a teardown – was offered for $4.3m but was rejected by the market.

2016 year-over-year volume in Dollar Point ended up slightly behind 2015. The number of sales, time on market, average and median prices were all similar to 2015. It should be stated that one of the 2015 sales was Alex’s for $8.199m which skews the data a bit.  Dollar Point is highly desirable. Total sales volume over the last 6 years has ranged from $8.3m in the anomaly year of 2011 to the upper-$20m’s during ‘normal’ years.

Year Total Volume # Homes Sold Days on Market Ave. Price Median Price
2016 $28m 23 110 $1.21m $1.02m
2015 $29.4m 20 98 $1.47m $913k
2014 $26.6m 15 76 $1.77m $1.2m
2013* $22.7m 15 65 $924k $785k
2012 $28.7m 23 188 $1.25m $855k

See Alex’s 2015 Dollar Point year-end summary here

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 Selling in Dollar Point

Dollar Point is amazing: as far as real estate sales and rentals, it has become one of the hottest neighborhoods in North Tahoe. It is a primary area of focus for Alex’s business. It’s one of the greatest neighborhoods around the entire Lake. There are big views, nice southern exposures, quality amenities, and fantastic proximity to Tahoe’s best activities year-round. Alex looks at it as a micro market since it has enough sales volume and a captive audience of enthusiasts. Therefore it also enjoys an attentive buyer target group.

Alex has lived in Dollar Point. He talks to Dollar Point owners and sellers often and thoroughly enjoys discussing the neighborhood since he operates in all levels of it. He has clients and friends throughout the neighborhood. When selling in Dollar Point, Alex combines his neighborhood knowledge with 13 years in the business and 22 in Tahoe. He is known for high-quality, creative marketing. See more about his approach here.

Alex holds the MLS record for the highest sale in the neighborhood at $8.199m. He represented the sellers of the fantastic Alpenhaus (see DollarPointLakefront.com). Before that he sold an impressive lakeview home on Edgecliff for $4,000,000.

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“We are very happy with the deal, Alex. You made it happen and you are a hero.”

– Neil and Karen B. Sellers of 3266 Edgewater. Closed price $8,199,000. Record breaking lakefront sale in Dollar Point.

Get in Touch with Alex

3266 Edgewater Drive. Sold by Alex for $8.199m, July 2015.

3266 Edgewater Drive. Sold by Alex for $8.199m, July 2015.