Truckee News

Find the latest news on new developments and fun events in Truckee, Ca

Found 4 blog entries about Truckee News.

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

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The growing popularity of short-term rentals has sparked a homeowner backlash in the Tahoe region, leading to restrictions in some parts of the Basin and even new home developments in Reno. So far, those restrictions do not seem to have had a dampening effect on the real estate market.

From South Lake Tahoe, which found itself in court after trying to phase out short-term rentals, to Washoe County, which is considering regulations that could affect Incline Village and parts of Reno, public officials are grappling with the same question: Should you be allowed to buy a home or condo and run it like a motel?

Back in the days before “Airbnb” became a verb, that question never really entered the public arena.

Short-term rentals (STRs) have long

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No surprise to locals, but Truckee has been ranked as the 4th safest city in all of California.

The Town with a 19th Century history of bar brawls and gun fighting was beat only by the tony Bay Area community of Hillsborough, Palos Verdes, and Imperial (where you might find more cows than people).

Truckee Crime

Good thing the Safety Pollsters didn't collect data on ski injuries! 

If you are considering a home purchase here, CLICK HERE for a link some great properties for sale.

Here is a link to the Full Report

 

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Lahontan Home Sales up 41% over 2017

With interest rates up, and today’s stock market feeling like a roller coaster ride, the economy ended 2018 on wobbly knees. But that does not seem to have dampened enthusiasm for the Tahoe/Truckee real estate market, which closed out the year with a record $1.3 billion in sales.

Fewer homes sold than in 2017, but higher prices pushed the region’s overall volume up to a record high that’s almost three times the dollar volume that sold a decade ago, when the slide into the recession had just begun. Tahoe/Truckee single-family home sales were up last year almost $174 million over 2017.

New construction has certainly contributed to the gain. We have more homes now than we did a decade ago — that’s a fact.

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