Truckee Named “Most Well-Rounded” Ski Town in the West
Historic Downtown Truckee blanketed in fresh snow.
What used to be referred to as a little “cow town” in the Lake Tahoe region, Truckee has truly transformed itself into a charming ski destination, offering something for the young and old alike. Historic Downtown Truckee teems with artsy boutiques, local coffee shops, wine bars — and we haven’t even touched on the skiing yet!
Whether you’re looking to bundle up the little ones for a day of sledding, or catch a morning of fun tree-skiing, Truckee offers it all. So much so that Sunset Magazine has named Truckee, CA as the ‘Most Well-Rounded’ of ski towns in their top ski destination feature. We certainly agree!
Check out the article for Sunset’s insight!
For more Truckee neighborhood information, contact Alison Elder, Elder Group Tahoe Real Estate at 530-582-8103 or Tahoe@AlisonElder.com
Tahoe Home Prices Stay in Step With Rest of U.S.
Home sales around Lake Tahoe took a small dip in the third quarter, while prices fluctuated in sync with the rest of the nation. The figures, part of a quarterly report released by Lake Tahoe-based real estate company Chase International, noted a four-percent decrease in units sold around the lake.
The median price of a home in Lake Tahoe is $370,500, down ten percent from the third quarter of 2010. The average home price fell 11 percent to $630,984. The National Association of Realtors recently reported that the median price of a home in the West ($189,400) is down 13 percent from a year ago.
While sales and prices were down around the lake overall, East Shore saw a seven-percent increase in median home price ($575,000) and 51-percent jump in average price ($1,408,018). Volume sold was up 32 percent, while units sold were down nine percent.
“We are starting to see the return of the high-end buyer with especially the East Shore experiencing some substantial high-end sales,” said Sue Lowe, corporate vice president for Chase International. “With the increase of high-end sales, we are anticipating a boost in end-of-year numbers.”
Truckee experienced some stabilization from this time last year, seeing a 16-percent increase in units sold and a 21-percent bump in units sold for less than a million. The median price of a home in Truckee is $435,000 (down 12 percent) and the average price is $554,744 (also down 12 percent).
The condominium market fared somewhat better around Lake Tahoe with a four-percent rise in units sold and 43-percent increase in units sold for more than $500,000. Tahoe City experienced the biggest jump in sales, with a 35-percent rise in units sold and up 52-percent in units sold for less than $500,000. South Lake Tahoe saw a 32-percent increase in overall volume sold, with median and average prices rising 36 and 32 percent, respectively. The median price of a condo in Lake Tahoe is $274,400 (down five percent) and the average price is $353,136 (down four percent).
For more information or assistance with purchasing Lake Tahoe or Truckee area real estate, contact Alison Elder (hot link to my site) at Tahoe@AlisonElder.com or 530-582-8103.
Lake Tahoe and Truckee Real Estate Statistics – June 30, 2011
Lake Tahoe and Truckee real estate home buyers have been busy and the market soft for home buyers! See the latest real estate and home sale prices and statistics here Lake Tahoe and Truckee Statistics.
North Lake Tahoe, West Shore, Tahoe City and Truckee home sales have all posted slightly higher unit sales for the first half of 2011 as compared to 2010. The Lake Tahoe area is up 2% and Truckee 4% over 2010 unit counts.
Prices softened in Truckee (Truckee Statistics) by 13% on average with sales adjusting by -14% from $614,786 to $534,313. Fewer homes sold over the million dollar range – 18 units, representing a 33% decrease in luxury sales.
In combined areas of the West and North Shores plus Tahoe City, the average price fell 15% from $804,135 to $681,634 (LINK HERE FOR LAKE ONE). However, $1MM+ home sales at the Lake increased 7% by unit count with 92 sales recorded as compared to 86 units in 2010.
For more information and specific neighborhood information, contact Alison Elder, Elder Group Tahoe Real Estate at 530-582-8103 or Tahoe@AlisonElder.com
15486 Northwoods Blvd, Tahoe Donner – SOLD
Here’s a delightful Cabin you’ll enjoy so much! Tucked in the woods and set back from the street, this functional property with beautiful grounds offers room for everyone in the main house and has a grandfathered apartment over the garage with a full bath and efficiency kitchen. Truly your cabin in the woods, this home has been meticulously cared for by its owners and upgraded in many areas. You’ll love the beautiful pond and waterfall, plenty of parking, flat lot and mountain ambiance.
Please visit our Virtual Tour at: www.15486NorthwoodsBlvd.com
13684 Hillside Drive, Tahoe Donner – SOLD
Beautiful and bright, this 3,022 s.f. Tahoe Donner mountain home offers luxury living amenities! This open floor plan offers the “wow” factor the moment you arrive with a gorgeous kitchen, hickory floors, beautiful rock work surrounding the gas fireplace, hydronic heat and so much more. Four spacious bedrooms (2 en-suite Masters), loft, office/bonus room, 3.5 baths, laundry room and large airlock works well for family and friends. Perennial landscaping, huge rear deck is perfect for entertaining.
Please visit our Virtual Tour at: www.13684HillsideDrive.com
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