The first half of 2022 has seen a small slowdown in the number of units sold and a steady increase in median price in both condos and single family homes across Lake Tahoe and Truckee. In my opinion we have returned to a normal market, ahead of, but similar to 2019 which was a good year. The craziness and urgency that was in our market in 2020 and 2021, due to COVID, has also Continue Reading
Is the Housing Market Correcting?
If you're following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know. The housing market is moderating compared to the last two years, but what everyone needs to remember is that the past two years were Continue Reading
Are We Headed Toward A Housing Crash?
This is a question I have been asked occasionally in the last few months, more often recently. It is a question worth considering. Many experts, with a much wider view of the national real estate market than I have, seem to think we are not headed for a crash. In a very interesting, April 4, article on Forbes Advisor they give an optimistic 5 year projection. They start Continue Reading
2021 Year-End Real Estate Market Statistics for North Lake Tahoe and Truckee
2021 was another amazing year! While our market did slow down, somewhat, 2021 was still a very strong sales year with property values continuing to increase. In all our geographic areas the dollar volume of residential units sold decreased 25% or more (except in Tahoe Donner at less than 25%). In all the four areas around Lake Tahoe as well as in Truckee and Tahoe Donner the number of Continue Reading
Expert Insights on the 2022 Housing Market
As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 2022. Odeta Kushi, Deputy Chief Economist, First American: “Consensus forecasts Continue Reading
Nov 30 2021 Ski Communities Market Summary
The last six months have seen very strong sales activity in both Olympic Valley (Squaw) and Northstar, which is typical as we approach the beginning of ski season. However due to such strong sales activity we are now quite low on inventory in each community, but demand is still very high. Here are the details: Olympic Valley Properties Sold 75 Total Dollar Volume $77,949,657 Avg. Price Continue Reading
1st Qtr. 2021 Tahoe-Truckee Real Estate Market Report
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 Continue Reading
February 2021 vs. February 2020 Real Estate Market Report
Our North Tahoe - Truckee Real Estate Market continues to be increasing in Units Sold, Total Dollar Volume and Median Price The level of Demand is still amazingly high, and the level of Inventory remains extremely low. It seems that properties are going into contract at the same rate and new listings are coming on the market. Single family Continue Reading
North Tahoe & Truckee Real Estate Market Report October 2020
Our market is still continually active and extraordinarily strong, but it has softened a bit from last month. This is not surprising. Usually in October our market slows down due to a lower number of visitors. What is surprising is the incredible number of units sold, the amazing total dollar volume, and the increase in prices that we have seen since the opening of California Continue Reading
North Lake Tahoe and Truckee 3rd Quarter Market Report
For the Lake Tahoe Basin and the Truckee area real estate market, 2020 has been a surprisingly good year and it looks like that will continue. If you read my 2019-year end market report you know that 2019 was not a bad year but it was not as strong as 2018. As we started 2020, we did not know what to expect. January and February had some activity, but the year was starting Continue Reading
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