Q1 2023 Real Estate Sales in Truckee and Tahoe: Slower Than Last Year, With Positive Indicators Real estate sales in Q1 were slower than Q1 of 2022 in our Truckee and Tahoe regions. Sales volume is at approximately 50% less year over year. Median home prices dropped about 20%, the first drop since the pandemic skyrocketed pricing. The shift in the market can be attributed to many Continue Reading

During the month of February we've felt market activity pick up. Sellers are actively reaching out in preparation to list in later spring or early summer, and buyers are both consolidating and understanding their resources as it relates to the current market.  Our real estate restrictions do not stem from a lack of resources for those seeking to invest, instead they stem from a lack of Continue Reading

A strong housing market reigned in 2022 in the Truckee and North Lake Tahoe region. With above average demand, limited inventory, and stabilized pricing, 2023 will see a strong real estate market. In the first half of 2022, market trends matched the pace of 2021, with houses selling well over listing, experiencing multiple competitive offers, and listing on the market for mere days. As Continue Reading

Welcome to 2023! Real estate professionals are strategizing about what's now, what's next, and what you care about. Here are highlights from this past year that impact your Tahoe and Truckee real estate markets. Listings are limited. Winter consolidates the number of listings in our region. Demand remains high due to balance in our local supply of inventory. In order to move quickly as Continue Reading

Waiting to purchase a home will cost you money. Here's why. Where will home prices be a year from now, and what about mortgage rates? For the Truckee and Tahoe markets, home prices are projected to appreciate nearly 8% this year. Mortgage rates are expected to rise from 3.1% to nearly 4% towards the end of the year. With both variables increasing, monthly mortgage payments will increase Continue Reading

With another aggressive real estate market year behind us, we reflect on 2021 Truckee and North Lake Tahoe real estate. Prices were driven up 30% in 2021, compared to 2020 - even with reductions in sales volume - due to lack of available listings. Intense buyer demand contributed to the propelling of the median sales price in 2021 to $1,772,063 compared to the median sales price in 2020 of Continue Reading

END OF YEAR IN TAHOE As 2021 comes to a close, the main headline is the inarguable need for housing. With rapid population growth in our region, aggressive buyers, and incredible growth in the market, this is another unprecedented year for real estate in Tahoe and Truckee. In 2020, three Tahoe area towns saw population growth of approximately 50%: Truckee +48% Tahoe City +52% South Lake Continue Reading