Tahoe Real Estate Market News

Insider market info on the Tahoe/Truckee Real Estate Market

Found 2 blog entries about Tahoe Real Estate Market News.

With supply overflowing in most of Truckee's micro-markets, this Fall promises to be a great time for home buyers looking for bargains. 

With cooler days, and fewer crowds, the Fall can be an excellent time for buyers looking to snatch up a vacation home before the snow flies. And, with a few exceptions, many of Truckee's higher end neighborhoods are strongly favoring buyers right now, with a year or more worth of supply in some areas.

"Supply" is a real estate term that refers to standing inventory. If 5 homes sell in a particular neighborhood over the course of the past year, and 5 are currently for sale, that equals a year's worth of supply. A balanced market, favoring neither buyers nor sellers, is considered to be 6 months of supply. So having

47 Views, 0 Comments

What happens now?

Home sales at Lake Tahoe are down 20 percent over last year at this time. But the median sales price inched up 2 percent, continuing a trend that has sustained upward pricing momentum since 2013, when overall home values began rebounding from recession-era pricing. 

While that might signal that the market is in for a correction, we’ve seen similar numbers at the lake in past years without a drop in value.  The mid-year numbers in 2014, for example, looked a lot like today. Sales were down 18 percent from the year before, but the median sales price was up 3 percent.  Prices might have been expected to cool, but on the contrary, the median sales price shot up 13 percent the following year, and 2016 was a banner year, with home values

137 Views, 0 Comments

Sign up for email updates