The third quarter of 2016 was statistically the strongest 90-day period ever for real estate in the Tahoe Truckee area. 522 residential properties traded hands over this span representing just under $500 million in total volume at an average price of $893,000. Similarly, year-to-date figures for the region through 3 quarters already exceed many 12-month periods in the recent past. Total Continue Reading
October Tahoe Truckee TMR Market Update
October market report from TMR Broker Jeff Brown Greetings - After a series of ordinary months, the Tahoe-Truckee region saw the strongest performance of 2015 in September. Total sales volume of $118,376,000 is an 18% increase over September, 2014 despite coming via 5% fewer transactions. This would indicate a substantial jump in average price from $706,989 in 2014 to $870,412this Continue Reading
3rd Quarter Community Sales Numbers
Gray's Crossing As of 10/1/2015 69 completed homes 31 under construction 16 final approved projects Home Sale Activity 3rd Quarter Activity 2015 4 Sales $1,273,750 Avg Sale Price $1,257,750 Median Sale Price 3rd Quarter Sold Homes 2nd Quarter Activity 2015 3 Sales $1,300,000 Avg Sale Price $1,355,000 Continue Reading
August TMR Market Update
The TMR August report points out that August $1 million + sales were half of 2014 yet the overall market transaction numbers were on par with average. What does this tell us? It tells us that if there has been snow last winter the market would really be crushing it. This tells me that if there is a strong snow year the prices and demand will increase. It was a busy summer despite the weak Continue Reading
Tahoe Mountain 2015 (6 mo) Market Review
Lake Tahoe Real Estate Trends: 2015 Lake Tahoe real estate market trends have proven to be dramatically different than those of the first half of 2014. The Tahoe Mountain Realty conducted in-depth research for the bi-annual market reports for the Lake Tahoe and Truckee area and are seeing significant market changes. The average price of North Lake Tahoe real estate in Continue Reading
July Market Update
Happy post 4th of July Summer! A year ago, the average price of real estate in the Tahoe-Truckee region far outpaced the median price in a year that saw strong overall growth. This dynamic was driven by an exceptional sales volume in the luxury segment, largely within the many new luxury resort communities in the greater Truckee / Martis Valley region. These communities have tremendous appeal Continue Reading
Winter 2015 Market Update
Greetings - At Tahoe Mountain Realty, we have long had a saying that market conditions override the season. Never has that been put to the test more than the first third of 2015. It is fascinating to observe the fight between economic conditions and seasonal considerations as the dominant driver of the Lake Tahoe real estate market. There is a retail component to Tahoe real estate that Continue Reading
2014 Truckee-Tahoe Market Update
Good afternoon, The adage “quality over quantity” best sums-up the Tahoe-Truckee real estate market for 2014. With soaring economic conditions in the San Francisco Bay Area, more and more families made their way to Lake Tahoe to spend quality time together. This demand for home ownership led to a second straight year of over $1 billion in sales -- the first time since Continue Reading
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