With the New Year upon us and 2016 in the rear view mirror I thought you might enjoy the attached Market Comment from our London Office - Mayfair International Realty. Who’d have thought at the beginning of 2016 that the world would be so changed by the beginning of 2017? Who’d have thought the UK would choose to exit the European Union? Who’d have thought that the US would vote for such a Continue Reading
Very Impressive Sales Activity at Lake Tahoe in the First Two Quarters of 2016
In the entire Lake Tahoe area sales volume increased by 13 percent compared to the same period in 2015 and the increase in units sold was up 12 percent. The median price for the 1st and 2nd quarters is $525,000, a two percent rise, and the average price rose one percent to $779,128. When you look at the statistics of specific regions around the lake you see some significant differences. Incline Continue Reading
2016 North Tahoe – Truckee 1st Quarter Market Report
Residential Property Sales in the North Tahoe – Truckee market were stronger in the 1st quarter of 2016 by 22% in units sold (271) and 18% in dollar volume ($238,103,739) than in the same period of 2015. Of the total units sold 24% were condominiums. In the 1st quarter of 2015 condominiums were 23% of units sold. The increase over last year is due to higher sales volume in all price range Continue Reading
2015 Year End North Tahoe – Truckee Real Estate Market Report
Below is the 2015 Year End North Tahoe – Truckee Real Estate Market Report. I’ve summarized residential sales including distressed properties, broken down sales by area and price range, as well as, discussed the outlook for real estate sales in the first quarter of 2016. Summary of Residential Property Sales Total North Tahoe – Truckee Real Estate Sales: 2105 was the 2nd year in a row Continue Reading
Squaw Valley Real Estate Market Report 10/19/15
(Olympic Valley) First Three Quarters 2015 Sales of Residential units (Single Family Homes and Condominiums) in Squaw Valley for the first three quarters have been significantly lower in 2015 than they were for the same period in 2014. However, since June of this year both the number of sales and the total dollar volume have been higher than the same period for 2014. Hopefully this trend will Continue Reading
Resort at Squaw Creek 1st Qtr 2014 Market Report
Sale prices on closed escrows are rising at the Resort at Squaw Creek. The number of condominiums sold in 2013 was just two more than in 2012 but the total dollar volume of sales was 61% higher than the previous year. Why this tremendous increase? I think it is due to a significant reduction in Distressed Property Listings (Short Sales and Bank Owned). Sellers now have less concern with having Continue Reading
Village at Squaw Valley 1st Qtr 2014 Market Report
Sales activity at the Village at Squaw Valley in the 1st quarter of 2014 appears to be a continuation of the good year we had in 2013. At the end of the quarter, four condominiums had closed escrow and there were four in escrow. Assuming these pending sales close escrow, the total dollar volume will be approx. 60% of the total dollar volume for all of 2013 which was a good year for Village Continue Reading
2013 vs. 2012 Resort at Squaw Creek Sales Report
Sale prices on closed escrows are rising at the Resort at Squaw Creek in Squaw Valley. The number of condominiums sold in 2013 was just two more than in 2012 but the total dollar volume of sales was 61% higher than the previous year. Why this change? I think it is due to a significant reduction in Distressed Property Listings (Short Sales and Bank Owned). In 2013 Distressed Listings were 31% Continue Reading
2013 vs. 2012 Village at Squaw Valley Sales Report
2013 was a good year for Village at Squaw Valley sales. The total dollar volume ($8,662,500) was an increase over 2012 by 23%, while the total number of units sold (14) dropped by 23%. With an average of only 28 units listed at any one time, none of which were Distressed Property Listings, having 14 sold over the entire year is a strong number. Here are some other interesting facts; Average Continue Reading
2013 vs. 2012 North Tahoe–Truckee Real Estate Market Review
In 2013 the North Tahoe, Squaw Valley and Truckee residential real estate market increased over 2012 in both units sold (1359) and dollar volume of sales ($931,156,320). This was a continuation of what we have seen over the last three years. 2011 was a good year, 2012 was significantly better than 2011 and 2013 was slightly better than 2012. However there are some notable changes. By the end Continue Reading
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