Truckee-Tahoe Real Estate Heats Up in 2012
Truckee-Tahoe real estate is heating up! Prices appear to be reasonably stable, albeit some decline in areas. Truckee’s average price dropped 6% and 2% for median pricing over the first six months of 2012. Unit sales are up by 11%; sales volume is up 6% to a nearly whopping $150,000,000 in sales! Alison Elder and the Elder Group Tahoe Real Estate team continues to experience record results; we pride ourselves on the concierge levels of service we strive to provide each and every Client! Click here to see 2012 Mid-Year Statistics for Lake Tahoe. And, click here to see 2012 Mid-Year Statistics for Truckee Communities real estate market results with information on number of home sales, average and median pricing.
Contact Alison Elder regarding any of your real estate questions or needs – our entire team is here to assist you!
Tahoe/Truckee Real Estate 2012 Quarter 1
Statistical leading indicators share that many of the Truckee-Tahoe real estate markets have stabilized. Supply and demand is unusually low; short sales and REO has substantially reduced compared to the last several years. Square foot pricing indicates the market has bottomed and in certain areas, recent price point sales are setting new trends. Access year to date statistics below, provided by Alison Elder. Questions? Contact Alison.
Tahoe Real Estate Market Continues to Blossom in 2011
Welcome to 2012! The Truckee and Lake Tahoe real estate markets continue to blossom with substantial sales logged in 2011. As part of Elder Group Tahoe Real Estate’s continuing services and commitment to deliver “Exceptional Results. And More.” Alison Elder provides market data for single family homes and condos around Truckee and Lake Tahoe on a regular bases. Click here to see 2011 statistics for Lake Tahoe real estate sales. And, click here to see Truckee Communities and Tahoe Donner real estate market results for 2011 with information on number of home sales, average and median pricing.
As always, call Alison Elder for information about any of your real estate needs in Truckee or Lake Tahoe. We look forward to hearing from you!
Tahoe Real Estate Market Ends 2010 on High Note
LAKE TAHOE, Nev. (Jan. 4, 2011) – The Lake Tahoe real estate market ended the decade with strong sales and significant signs of improvement, according to a year-end report from Chase International. The report, which compares all sales and home prices from 2010 to those of 2009, indicated a 16 percent increase in units sold and a 20 percent jump in overall sales volume.
“This is a remarkable improvement from 2009,” said Susan Lowe, corporate broker and senior vice president for Chase International. “These numbers show the regional market stabilizing.”
Tahoe City showed the largest increase in sales with a 40 percent increase in total volume (dollars) and 17 percent rise in units sold. Incline Village saw a 27 percent jump in both units and volume. The median price of a home in Incline Village is $827,000, the highest in the basin, despite a ten percent drop from 2009. The median price of homes sold along Tahoe’s East Shore is $570,000, up five percent over 2009 and for South Shore, the median price remained steady compared to 2009 at $317,000. The overall median price of homes sold in Lake Tahoe is $541,000, down six percent, while the average price remained stable (with a one percent increase) at $897,173.
The National Association of Realtors notes that historically high housing affordability is boosting sales activity across the nation, indicating a gradual recovery into 2011.
“In addition to exceptional affordability conditions, steady improvements in the economy are helping bring buyers into the market,” said Lawrence Yun, chief economist for NAR. “But further gains are needed to reach normal levels of sales activity.”
The sales of condominiums around the lake are also up substantially with a 48 percent rise in sales volume and 46 percent jump in units sold.
Truckee condos were up 46 percent in both sales and volume. Home sales in Truckee remained relatively flat, with little movement in volume and a five percent increase in number of units sold. The average price of a home in Truckee is $627,093 (down four percent) and the median is $490,000 (down eight percent).
A complete breakdown of Chase International’s year-end sales report can be viewed by clicking the following links: