This year’s first quarter of residential real estate sales in the Tahoe Basin has continued to be astounding! Compared to the same time last year the total dollar volume of single-family homes sold increased by 214%, units sold by 76% and median price by 49%. We are currently in an upward moving seller’s market and have been for about a year. It is unlike anything I have ever seen in the 40 years since I got my real estate license. It is highly likely to continue, due primarily to so many people who can now work from home, which is obviously good for sellers. It is all about very high demand and extremely low inventory. This is true with both single-family homes and condominiums.
Click on these links to download spreadsheets and graphs of the Various Regional Statistics*
- Lake Tahoe 2021 Q1 Market Stats
- North & West Shore 2021 Q1 Market Stats
- Truckee Q1 Stats
- Tahoe Donner Q1 Stats
Although it is a Seller’s Market, in my opinion Buyers interested should not wait to act. I expect to see property values to continue to raise and at some point interest rates will raise. It will cost more to buy a property in our area this summer or nest fall that at todays prices. Call me if you would like to discuss your Real Estate needs.
*Greg Rankin and Chase International do not guarantee the accuracy of this information.
Information gathered from Incline Village, Tahoe Sierra, Sierra Nevada,
NNRMLS and South Lake Tahoe Board of Realtors MLS 04/05/2021.
CalDRE License #00826938
Leave a Reply