How’s the Dollar Point Market?

 

2018 Dollar Point sales volume was 2.5 times greater than it was in 2017. There were  62% more homes sold. 6 homes sold with ZERO days on market and these were not low end homes. Of these 6, the high was $5m and the average was $2.5m. Days on market in the neighborhood is 1/3 of that for the surrounding area.

 

I sold a home at 151 Roundridge in 3 days. Click here to see the marketing which enhanced the sales process, includes aerial drone video and interior video.

I know of  a complete rebuild potentially coming to market for ~$4m. There could be yet another high-end lakeview home becoming quietly available as well.

“Nothing is for sale and everything is selling” – my phrase for Tahoe in 2018 applies especially well for DP and still works as we charge through 2019.

This is an incredibly highly-desired neighborhood. You and I both know why. I’ve lived in Dollar Point and absolutely love it. So do today’s buyers…
 

Quick Stats:

  • 4 active Dollar Point listings from $999k – $1.4m
  • 1 recent closing: my listing at 151 Roundridge which the sellers and I had in contract in just 3 days
  • 2 active escrows 
  • 2018 Sold Volume was 2.5 times greater than 2017
  • Number of homes sold was up 62% in 2018

 

Dollar Point Sales Data

 

Year Total Volume # Homes Sold Days on Market Ave Price Median Price
2018 $47m 29 40 $1.6m $1.4m
2017 $19m 18 35 $1.05m $937k
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

Total Dollar Point sales volume over the last 8 years has ranged from $8.3m in the low anomaly year of 2011 to a record breaking $47m in 2018.

 

For my Early Summer 2018 Dollar Point update, click here
 
For my 2017 Dollar Point Recap, click here

See all Dollar Point listings 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 my 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. I look 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.

I have lived in Dollar Point. I talk to Dollar Point owners and sellers often and thoroughly enjoy discussing the neighborhood. I have clients and friends throughout the neighborhood. When selling in Dollar Point, I combine my neighborhood knowledge with 15 years in the business and 24 in Tahoe. I am known for high-quality, creative marketing. See more about my approach here.

I hold the MLS record for the highest sale in the neighborhood at $8.199m. I represented the sellers of the fantastic Alpenhaus (see DollarPointLakefront.com). Before that I 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.