2022 Year End Market Report Truckee-Tahoe Real Estate

Alison and our Elder Group Tahoe Team are pleased to present our 2022 Year End Market Report highlighting key neighborhoods throughout Truckee-Tahoe. Just click on the cover below! Be sure to view Alison’s 2022 Market Recap videos below; there’s lots of great information! Alison’s 2022 Year End Market Videos

Greater Truckee Area

Ski Resorts

Tahoe Donner

Alison’s 2022 Market Recap

Truckee-Tahoe’s real estate market continued as a coveted destination, particularly for Bay Area residents. In 2022, a whopping $1,884,813,461 in sales volume representing 1,247 transactions conveyed. Comparatively, the 2021 market experienced a record $2,473,350,567 in sales volume with 1,757 transactions, alas a delta between 2022 and 2021 sales volume of $587,437,106 and a 24% reduction in closed transactions. However, the 2022 median price increase was 16% across all markets. Alison believes this reduction in sales volume and transaction counts are simply due to limited inventory in 2022. Buyer demand is higher than available product. Regardless of the media’s perception of the national real estate market, including the impact of higher interest rates, U.S. economic issues and international factors, Truckee-Tahoe’s real estate market demonstrated 2022 stability. Prices in nearly every neighborhood increased, albeit some modestly. Days on market essentially doubled, averaging 25 days. Property is still being absorbed faster than pre-Covid 19 levels. We have moved into a “new” normalized market and expect very similar results in 2023 – modest price increases and limited inventory with interest rates beginning to adjust positively for the consumer. Strategic product pricing for sellers will be key. The snow is here to stay for an epic winter and Lake Tahoe will be stunningly beautiful this summer. Watch our 2022 Year End Market videos, check out our 2022 Market Report and contact Alison at Elder Group Tahoe | Berkshire Hathaway anytime!