Article Written By: Justin Scacco As the need for certain goods and services continues to rise due to the outbreak of COVID-19, many organizations and individuals are donating time and money to help out those in their communities. Earlier this week, it was announced the Tahoe Truckee Community Foundation would receive a $100,000 donation from Vail Resorts CEO Rob Katz and his wife Elana Continue Reading
Coronavirus cases at Tahoe Forest Health System jump 50% in 6 days
Article Written By: Justin Scacco The first reported case of COVID-19 popped up in eastern Nevada County in mid-March, and since then the Tahoe Forest Health System has seen positive lab test results in 36 individuals from multiple counties. Following a 50% surge in positive cases from Thursday, March 26, to Wednesday, the hospital is stressing the importance of following a disciplined, healthy Continue Reading
Tahoe-Truckee Unified School District extends distance learning through end of school year
From a release: Dear TTUSD Community, At TTUSD, we remain committed to ensuring the health and safety of our entire Tahoe Truckee community. We do not know how long the Governor’s stay at home order will last, but right now, the cases of COVID-19 continue to climb, and there is no sign that the order will be lifted soon. The most effective way to slow and disrupt the spread of COVID-19 is by Continue Reading
Another Housing Bubble? Solid numbers for November say NO!
Is there another Housing Bubble? Solid numbers for November say NO! November showed solid sales numbers for the Tahoe/Truckee real estate market. November comparative transaction volume was 10% above 2018, yet 16% below 2017. The standout market segment for the month was the Tahoe Basin Let’s look at the breakdown by region: Tahoe Basin increase by 45% Squaw / Alpine Continue Reading
Is There Strength in Numbers? The Market Thinks So!
Is there strength in numbers? The market thinks so! It appears the Tahoe/Truckee real estate market is alive and well. Solid sales volume in 3 of the 4 regional areas pushed sales numbers above last October. Considering many areas of the country are experience, an overall decrease in sales volume, this is great news for the Tahoe /Truckee market. Let’s look at the breakdown by region Continue Reading
Mixed Signals Continue in the Tahoe/Truckee Market
Still confused, so is the market. September sales are strong but mixed. Over all, September 2019 sales finished more than 10% above September 2018. Looking further back sales were 15% below September 2017, which was an exceptionally strong sales month. Let’s look at the breakdown by region - Tahoe Basin declined just over 5% - Squaw / Alpine increased Continue Reading
Recession or No Recession?
Which way are housing sales going, up or down? The Tahoe/Truckee housing market isn’t sure, let’s looks at some of the numbers. Comparing sales volume from August 2018 to 2019 an overall decline of 5% can be equated. Upon breaking this down into regional sales: - Tahoe-Basin dropped - Squaw / Alpine increased nearly 90%, - Continue Reading
What Did the Market do in July?
It would appear a little bit of everything. For the entire area we saw a small decline of less than 10% in sales volume. Tahoe Donner had the biggest decline going from 36 sales a year ago to 23 this year, or 36%. The decline was almost exclusively in the single-family home market. The Tahoe basin saw a subtle 10% decline going from 44 sales last year to 40 this year. A modest Continue Reading
Cold Soggy May Takes its Toll
It isn’t just the real estate market that got beat up a little by the weather, it seems many folks around town struggled with it too. I think the market was very fortunate that we had a strong April. That helped carry over in to May sales which were down a little from the previous year but down 10% from 2017. Some highlights and lowlights are things like Tahoe Donner managed to sell more then Continue Reading
How One Big Winter Follows Another
The winter of 2018 / 2019 is coming to an end but not without leaving some marks. The impact on sales has been following the same path we had after the record setting 2016 / 2017 winter. Though this winter was not quite as heavy it certainly had its moments. These heavy winters reduce the number of properties that come on the market which in turn, reduces sales volume. We are slowly coming Continue Reading
