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
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
Big Snow Makes For Fewer Sales
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
December and Year End Sales Below 2017
A significant drop of 37% in total sales for December did not come as a complete surprise. We knew a drop was coming but didn’t think it would be by this much. While most regions are seeing declines in the teens or single digits we saw bigger declines. A decline of 23% in the Tahoe basin and 28% in Tahoe Donner don’t seem to significant. The drop of 43% in greater Truckee does get my attention and 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
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
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
3rd Quarter is Nearly an Identical Match
It is almost uncanny how similar the 3rd quarter of this year ended up being compared to last year. Total sales are separated by just 2, 473 in 2017 vs 475 in 2016. The similarities don’t stop there. Tahoe Basin sales were down just 3 compared to last year while Squaw / Alpine went up 3 compared to last year. Even the differences for Truckee and Tahoe Donner were single digit down 8 and up 6 Continue Reading
2nd Quarter is Mostly Good News
Considering where we started, the 2nd quarter with snow still flying, giant piles of snow everywhere and few homes for sale, nearly matching last years sales volume is great news (330 for 2016 and 320 for 2017). The region closed out the second quarter with solid numbers. The numbers are mixed as usual but with some big changes in some market places. The biggest swing came from Tahoe Donner with a Continue Reading
