Greetings - After keeping pace with previous years over the first several months of 2019, March saw a precipitous drop in real estate activity throughout the Tahoe Truckee area. Several factors including overwhelming snowfall throughout early winter and limited access to the region combined with an unusual scarcity of available property leading to this statistical drop. In all, 256 residential properties traded in Q1, 17% fewer than over the same [...]
Greetings; Abundant snowfall has impaired the ability of many would-be consumers to visit the region deferring purchasing decisions to spring. This may cause a slower than usual March; a time when winter sales often find their greatest stride before a shoulder season lull. Regardless, large snowfall typically casts a prominent light on slopeside real estate. Northstar currently shows 6 properties pending sale including 3 in the Mountainside neighborhood. Squaw Valley [...]
Greetings - As the endless winter continues we are very excited to welcome all of the visitors to Truckee/Tahoe for President’s week and look forward to sharing this winter wonderland. Skiing is one of the few sports that you can do as a family together and my family has been enjoying some crazy powder days out in the elements. I couldn’t think of a better day than a few family [...]
Greetings; 2019 is off to singular, and statically misleading, bang for the Tahoe Truckee real estate market. An otherwise very typical January was punctuated by a $37,000,000 lakefront acquisition completing what appears to be a remarkable accumulation of waterfront property. This acquisition of 5.69 acres is paired with the adjacent 3.5 acres transacted in December to the same entity for $22,000,000 creating a remarkable 9-acre lakefront estate on Tahoe’s West [...]
Greetings, In 2018, real estate in the Tahoe Truckee region capped a bull market streak dating back to Spring, 2011 with highest ever annual figures for total dollar volume, average price and quantity of transaction above $1 million and $10 million. Inspired by a record number of premium transactions, the region totaled just under $1,700,000,000 in real estate sales, a number greater than any single year in history. 386 transactions [...]
Greetings - For the first time in recent memory, seasonal conditions are aligning with the real estate market to create a Goldilocks beginning to the winter season. After nearly a decade of winter starting too late or coming in too heavily, a series of storms from Thanksgiving into early December have created mid-winter conditions to start the season. Combined with continued strong real estate conditions, a perfect storm for mountain [...]
Greetings – The third quarter of 2018 was record setting for real estate in the Tahoe Truckee region by every measure but for one. Total sales volume and average price hit all-time highs while median price equaled the 2006 market peak. Only the total number of sales units fell behind the same period last year due, in part, to a supply constrained market. Total sales volume from July through September [...]
Greetings - A big hurdle to second home ownership in the Truckee-Tahoe area is the basic maintenance and upkeep though the four seasons of mountain weather. I have many clients who desire a second home to come enjoy on the weekends and holidays, but have hesitations with the extra work and responsibilities that come along with it. Often times it can be much easier to just rent and come and [...]
Greetings - During the first half of 2018 the Tahoe-Truckee region has seen an explosion at the highest reaches of the market with 66 properties trading at values in excess of $2,000,000; a figure that exceeds the 12-month total of 7 out of the last 10 years. Reduced supply combined with surging demand have resulted in slightly fewer sales at substantially higher prices, and conditions defining the performance of the [...]
Greetings – EVENTS My family and I are excited to watch theTruckee 4th of July community paradethis Monday at 10 am starting at the corner of 89 south and Donner Pass road and winding through historic downtown Truckee and finishing at the corner of Bridge and Church street. Start your morning with the classic pancake breakfast at the local fire station on Donner Pass Rd next to Wild Cherries. My [...]
