Truckee-Tahoe Market Report
First Quarter Statistics – 2020
Q1 2020 vs. Q1 2019
First and foremost, our Elder Group team wishes you, your family and friends good health in the coming weeks. We send warm thoughts.
Here are some surprising statistics comparing Q1 2020 to Q1 2019. In nearly all market segments, prices softened. January through March, actual closed sales volume and transactions were up – particularly in Tahoe Donner, Gray’s Crossing, North Lake Tahoe and Truckee with Truckee leading with a whopping 48% gain in closed escrows! Interest rates are at rock bottom lows, snow travel was relatively easy and January through March closings do not appear to have been affected by Covid 19.
Last year’s epic winter fueled many Buyers to shop for their mountain escapes! First quarter brought very nice product to market, albeit a trend of overpricing. We saw price adjustments beginning in February that stimulated sales which closed in March
We’re pleased to share that Elder Group completed a successful 2019 with our esteemed brokerage, Engel & Völkers, recognized as 3rd in completed transaction volume and 4th in overall sales volume in North America. We ranked in the top 5 internationally amongst our 12,000+ agent network. Thank you for your continued confidence in our services.
Our team is fully engaged, working virtually and our Shop is open 7 days per week. Whether you are considering a purchase or listing your property, we are here to assist you any way we can, feel free to reach out anytime. Take good care!
Click on the reports below to view in full screen.
|DONNER LAKE||GRAY’S CROSSING|
|NORTH LAKE TAHOE||NORTH LAKE TAHOE – LAKEFRONT|
|SCHAFFER’S MILL||SQUAW/OLYMPIC VALLEY & ALPINE|