As we continue to speculate about the next few months and years of the Tahoe Truckee real estate market, we turn to indicators of a leveling market in the future. Paired with higher mortgage rates, high median home prices, inventory still below market demand, and luxury sales slowing year over year, professionals take this as an indication of a leveling out of the market. We are Continue Reading
June 2022 Tahoe | Truckee Lifestyle + Newsletter
Summer is just around the corner in the Tahoe region, and with it our local market saw an influx in new listings over this past Memorial Day weekend. During the holiday weekend, 66 new homes hit the market, with 13 of those homes pending sale in less than 6 days from listing. The homes that went into contract over the weekend were priced correctly for the current market. The sellers were realistic Continue Reading
Mid May 2022 Tahoe | Truckee Lifestyle + Newsletter
We've seen an upswing of listings recently in our Tahoe market, and home values are remaining high. If you're looking to make a move or sell your home, it remains critical that you are in close communication with your real estate team and are ready to make a competitive offer as homes hit the market. Continue Reading
May 2022 Tahoe | Truckee Lifestyle + Newsletter
There are many predictions for what the real estate market holds for the remainder of 2022. Mortgage rates seem to continue to rise, though many expect them to remain about 4% (according to NAR Chief Economist, Lawrence Yun). With the raise in rates, we expect to see slightly less competition as the increase has pushed some would-be buyers out of the market. As rates continue to rise, buyers who Continue Reading
April 2022 Tahoe | Truckee Lifestyle + Newsletter
Throughout the industry we are seeing a persistent buzz around the ongoing housing shortage. This is a shortage felt nationally, and felt deeply in the Tahoe region in particular. For developers and construction, spring is the season to begin building new homes. While in theory, new builds help to raise inventory, and help to level out the availability of homes, this isn't the Continue Reading
March 2022 Tahoe | Truckee Lifestyle & Newsletter
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
Mid February 2022 Tahoe | Truckee Lifestyle & Newsletter
Toward the end of January, we begin to see spring real estate trends emerging nationally. This is typically also the slowest month in Tahoe for the real estate market. What January tells us to expect for our spring season is the persistence of lean inventory and incredibly high demand. Many homeowners considering listing their primary or secondary home are waiting to see what the market Continue Reading
February 2022 Tahoe | Truckee Lifestyle & Newsletter
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
Mid January 2022 Tahoe | Truckee Lifestyle & Newsletter
WINTER IN TAHOE With a break over holidays, an abundance of snow, and unexpected lengthy power outages, we've had a chance to reconnect with loved ones and spend intentional time together. Seemingly, the real estate market had paused during the same time, whether due to outages or the inability of potential buyers or sellers to get to the area to visit their homes. As the weather has settled Continue Reading
January 2022 Tahoe | Truckee Lifestyle & Newsletter
By choosing to work with The Riedel Group, you have provided the funds to make homeownership a reality for a deserving family in Baja California. With each home bought or sold by The Riedel Group, we support a non-profit called "Young Life Adventures Baja" to assist in the funding, planning, and construction of a brand new home for a family in need. We can’t think of a better way to Continue Reading
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