In the North Tahoe – Truckee area we are still low on inventory but our sales activity is very strong. As of March 14, in the last 30 days we closed escrow on 70 Single Family homes with a Median Price of $667,500 compared to 35 closed escrows with a Median Price of $595,000 in the same 30 day period last year. That is a 100% increase in units sold and a 12% increase in Median Continue Reading
Mid February 2018 North Tahoe – Truckee Real Estate Market Report
The North Tahoe – Truckee real estate market is off to a good start for 2018. Even though we are low in the number of property listings, in the first 45 days of this year the total dollar volume of Residential Properties sold was 21% higher than at the same time last year. The number of units sold decreased by 4%, while the Average Price of properties sold increased by 27%. This Continue Reading
9% Increase in Lake Tahoe and Truckee Single Family Home Sales In 2017
The residential real estate market in the entire Lake Tahoe and Truckee area was very strong with impressive growth in 2017. Single family home sales increased in dollar volume by $171, 634,083, an increase of 9% over 2016. The condominium market was also very strong, except in Truckee which saw a reduction in dollar volume and units sold by 1%. In the Lake Tahoe market Continue Reading
3rd Quarter 2017 Lake Tahoe & Surrounding Area Market Report
Home sales in the Tahoe market were slower in the 3rd quarter than in the first half of the year but still strong. Total Dollar Volume was 5% higher than at the end of the 3rd quarter of 2016 however Total Units Sold was 7% lower. Median Price was 1% higher and Average Sales Price 13% higher that last year. Condominiums sales were much stronger that last year. Total Dollar Continue Reading
Renters Comprise 37% Of American Households According To A Recent Zillow Study
About 43.7 million homes are occupied by renters according to a Zillow study. 13,000 people across the US were surveyed by Zillow and asked about renting, buying and selling. In 2005 the number of homes occupied by renters was 6.9 million less than today. Some of that increase is the result of the foreclosure of homes during the economic downturn but a lot are the result of choice by many Continue Reading
September North Tahoe – Truckee Market Activity Report
This report is for Single Family Home activity in the North Tahoe, Squaw Valley and Truckee area (excluding Donner Summit and Surrounding Area) for September 2107, 9/1/17 through 9/25/17. Source: Tahoe Sierra Multiple Listing Service. • 77 New Single Family Home Listings. Down 19% from September 2016 (95 Listings). • 119 Single Family Homes Sold. Down 8% from September 2016 (129 Sold). • Continue Reading
8% Increase In Dollar Volume for Tahoe Real Estate Sales in the First Half of 2017
The Lake Tahoe Real Estate Market continues to be very active with Incline Village and the Tahoe City area (West Shore & North Shore) leading the overall Lake Tahoe market with strong increases in dollar volume (28% and 15%) on single family home sales over the same period in 2016. The East Shore and South Shore showed declines (4% and 9%) in dollar volume. All four areas showed Continue Reading
1st Quarter 2017, Lake Tahoe Real Estate Market Report
Single family home sales in the Lake Tahoe real estate market got off to slow start in the 1 qtr. of this year. I think this was due primarily to low inventory levels and the record winter we had which slowed down almost all business activity except condominiums sales, which got off to a strong start. In most areas the snow levels were so high that many homes could not be shown, however with Continue Reading
Are Interest Rates Going To Go Up? Hear What An Expert Has To Say
Inquiring minds want to know … where are interest rates headed?! Economic forecaster Elliot Eisenber is a nationally acclaimed economist who always makes economic data slightly fun, relevant and easy to digest. He often graces the pages of Business Week, Forbes and Fortune Magazine just to name a few. He put together a short video you can view by clicking here. It’s a quick and easy expert Continue Reading
17 Percent Increase in Lake Tahoe Real Estate Sales in 2016.
A 12 percent rise in median home prices to $549,000 and an eight percent increase in homes sold (1376) resulted in a 17 percent increase in total dollar volume of sold homes ($1,128,257,767) in 2016 over 2015. Homes priced over $1,000,000 increased in units sold by 28 percent. Those priced under $1,000,000 only increased by 4 percent. Condominium sales increased 13 percent in total dollar volume Continue Reading
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