Greetings; May, 2020 provided perhaps the only 30-day reflection of the impact that quarantine had on our market. And, given the typical lag, the data collected over this period is already irrelevant in the wake of a surging market. In most cases, closings prior to May reflected market conditions when deals were consummated prior to the COVID-19 outbreak. As such, data for March and April generally reflected the robust market [...]

Greetings; April provided the first glimpses of the impact that coronavirus is having on the Tahoe-Truckee real estate market. Absent ski lifts turning for spring break crowds and any allowable tourist activity, the market slowed markedly yet showed very little sign of distress that could lead to meaningful price erosion. An objective view of the year-to-date performance of Tahoe-Truckee real estate, without any context for the moment, would reveal data [...]

Real estate data for the month of March gives a false sense of productivity within our market. Closed sales reflect transactions agreed to 30-60 days prior. As such, March sales data give us an almost perfect snapshot of market conditions before the world changed in an instant. The month saw an identical number of transactions as the prior 30-day period and was a full 22% ahead of the same month [...]

Greetings, Nominally, the Tahoe-Truckee real estate market posted another strong month in February. Total sales units equaled the prior year exactly though sales were generally focused on modestly priced inventory. Closed transactions generally follow 30-60 days from contract thus are a lagging indicator of overall market conditions. The volatility of equity markets in recent weeks have created a level of uncertainty that may have ripple effects in the months to [...]

Greetings - The sun is shining and and the spring like corn skiing is as fun as it gets.  It was nice to get a little fresh air and enjoy some backcountry skiing under crisp blue skies with great views of the Lake.  My kids have also enjoyed getting out of school early every Friday to end the day on the slopes with their weekly ski program.  Skiing is such a fun family experience to enjoy each [...]

Greetings; Tahoe Truckee real estate opened the decade with a strong performance through January. 94 residential transactions exactly equals the average of the last three years’ opening month while an average price just over $1,000,000 has set the tone for another productive year to come. Q1 is often the softest period for closings in our region. A strong January, typically reflective of early season buying activity, is less dependent upon [...]

Greetings - I hope you and your loved ones had a wonderful holiday season!  With each year that passes, I am reminded of how grateful I am for the memories created with family and friends.  I realize how finite the magical window of time with my boys at home, thinking mom and dad are cool and wanting to hang out with us is.  With that, I am always seeking out [...]

Greetings; The dawn of 2020 finds the Tahoe – Truckee real estate market in great condition, with the 12-month totals for volume and total transactions ranking among the most productive ever. Last year gained momentum after withstanding a stalled beginning due to abundant snowfall, wrapping up with the second busiest Q4 on record.  (Blue denotes 2019 & Red is historical) While volume and transaction productivity were obviously notable, a much [...]