Record snowfall in February brought sales numbers in almost identical to snowmageddon February 2017. Squaw Valley reported just over 300 inches or 25 feet of snow in February this year eclipsing their biggest single month snowfall record which was January 2017. You can probably imagine the challenges of selling property with snow piled everywhere, roads that are nearly impassable at times Continue Reading
January is Better Than Expected
January total sale numbers came in only marginally lower then last year. That is very good news when you consider the stock market was in turmoil, the government shut down was well under way and interest rates were near recent highs. Final sale volume numbers were down by a just over 10%, dropping from 83 last year to 74 this year. The decline was almost exclusively in the greater Truckee market Continue Reading
Our Region is Following National and State Trends
Sales volume is down across North Tahoe and Truckee market much like the state and the nation. Officially in combined sales of both single family and condos for the area as a whole, we are down 24%. Broken out the overall drop in condos was much deeper than in single family homes. Condo sales fell nearly 40% while single family home sales came down 19%. By far, out of all the segments, Tahoe basin Continue Reading
Things to Think About While Waiting For Snow
Post elections and things are status quo on the real estate propositions 5 and 10. I am not surprised with the public not wanting change. While I did believe proposition 5 had some good potential to effect change it was not for the same reasons they were selling it on. It would have likely created more opportunity for many and created more sales annually, it was not going to generate any new Continue Reading
What Happened in September?
A little bit of everything. Overall sales remained strong though it seemed we started to see a slight market shift. Sales volume did increase in Tahoe Donner but declined in the basin, Squaw / Alpine and greater Truckee. By the numbers TD increased sales from 29 to 37 or 27% while the basin dropped from 66 to 52 or 19%, Squaw / Alpine dropped from 16 to 6 or 62% and greater Truckee dropped Continue Reading
What is Happening in Tahoe?
Apparently, the crystal-clear blue waters of Lake Tahoe are being rediscovered. Sales for the month of August in the basin jumped by over 20%,from 53 to 65 sales, compared to a year ago. The increase was almost exclusively in single family homes. This occurred while Squaw Alpine dropped by 33% from 12 to 8 sales, and all but one of those were condo sales. Tahoe Continue Reading
June Sales Numbers are Solid
June Sales Numbers are Solid The month of June did see a slight dip compared to a year ago but was still better overall compared to 2016. The Tahoe Basin is the only marketplace that saw an increase in sales over last year. It wasn’t much however, going from a total of 43 sales compared to 40 a year ago. Considering all others were either equal to or Continue Reading
March Weather Effects on April Sales
After a strong start to the year with the light winter conditions, it would appear the heavier winter weather of March did have an effect. With 80 total sales in April we were actually 4 sales behind last year. Last year sales, because of the huge winter were 22 fewer then 2016 or almost 25%. Now it might not all be weather related either. Inventory continues to struggle which makes finding the Continue Reading
Less Snow Does Not Mean Less Sales
The early signs of a dry winter may be starting to surface. Likely not in the way you think. At the end of February 2017 we had huge amounts of snow everywhere and it was a struggle to just get around let alone sell real estate. The thing to recognize is that prior to the second week of January 2017 when snowmageddon started the year had actually been fairly dry. That is actually a good thing for Continue Reading
4th Quarter Goes Off
The slow start to 2017 made for a big finish. The Tahoe Basin or areas 1-5 for our MLS saw a 54% increase in volume. Can’t help but wonder how much did a full lake have to do with that. Greater Truckee or areas 7 and 8 which does incorporate Truckee, Martis Valley, Donner Lake and even Donner Summit had a 32% increase with an average sale price of $1,018,004. 25% of the sales in the greater Continue Reading
