How’s the Dollar Point Market?

 

Dollar Point is absolutely hot with almost nothing for sale. A typical mid-summer listing count would see 15-24 DP properties for sale. Currently there are just 5 active listings and 12 are in escrow.

 

A couple current escrows perfectly illustrate how nuts the DP market is – reach out to Alex for particulars.

 

I was able to help a seller achieve a record setting sale on Edgecliff Way this year for $4.375m.

 

We are seeing multiple offers on most properties and even at the highest levels. We are seeing non-contingent offers and competitive bidding on homes that are handled properly.

 

What does this mean?

 

It’s easy to get a high valuation of your property. But handling the process is where there are vast differences in real estate agents. The listing process needs to be done carefully, strategically, and experience matters. If you do it right, you will get non-contingent, high price, quick close offers. If you need more time in your Tahoe-Truckee home, we can work that, as well. Call me to discuss how I help buyers and sellers navigate the wild ride that is Tahoe-Truckee real estate in Summer 2020!

 

Important Notes on the Edgecliff Sale: I was able to sell this home off-market per sellers’ request. This was handled in an efficient manner with no interruption of their rental nor personal schedules. The selling price is $1072/foot which the highest price per foot ever recorded for a Dollar Point non-lakefront home. Note: I helped a different client achieve the record for highest Dollar Point MLS sale: $8,199,000 in 2015.

 

Dollar Point 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:

  • 5 active MLS listings from $889k – 4.75m$m (off-market lakefront)
  • 11 sales this year vs. 6 to this point last year. 
  • 12 escrows!
  • 2019 Sold Volume was 1/3 that of 2018

 

For my May ’20 update on Dollar Point click here


Dollar Point Sales Data

 

Year Total Volume # Homes Sold Days on Market Ave Price Median Price
2019 $15.7m 14 54 $1.125m $1.05m
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.

 

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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. Do keep in mind, however, that the Recreation Association is making changes to the rules regarding renters and their access to amenities.

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 16 years in the business and 25 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 twice – once for $4,000,000 then in March 2020 for $4,375,000.

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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.