//November, 2016 Tahoe-Truckee Market Update

November, 2016 Tahoe-Truckee Market Update

Greetings –

October, 2016 offered the most balanced period for Tahoe-Truckee real estate in some time. While the market has performed spectacularly for much of 2016, the activity has been concentrated in certain, high-performing communities.

Martis Camp has taken an overwhelming share of the luxury segment year-to-date; though 2 sales in October at $4,560,000 and $5,545,000 is more sustainable. Similarly, lakefront property saw the $10,000,000 barrier broken for the second time in 2016 with an $11,000,000 transaction on the West Shore. Other activity in the luxury segment included a Squaw Valley home ($3,250,000); two homes in Lahontan ($2,400,000, $2,550,000), a premium Great Bear condominium in Northstar Village ($1,780,000) and a Gray’s Crossing home at ($1,440,000) in addition to several others scattered throughout the region.

Median price remained steady at $552,000 while average price dropped slightly from recent months to $823,895. The latter statistic represents the more balanced performance whereby sales are more evenly dispersed among price ranges.

> $1,000,000                      23
$500,000 – $1,000,000    63
< $500,000                         60

While this metric lacks the pizazz of recent months, it is ultimately far more sustainable.

The total number of real estate transactions in October is quite robust by any objective standard, however it does represent a slightly earlier-than-normal beginning to the year-end taper typical of this market. Coming out of the busiest 3rd quarter on record for the region, particularly in an election year, a small pull back was to be expected.


Nevertheless, early snow has piqued interest in winter accommodations and pending transactions remain strong with over 180 residential sales pending with November close dates. While the last quarter of any year is often calm, steady demand appears to offer a promising finish to 2016.

With the recent snow and cold temps Northstar is scheduled to open the mountain the weekend of November 18th. I have even heard a rumor that they might try to open next Friday the 11th as a nice surprise for all of the skiers and boarders with pent up energy excited to warm up their ski legs. I look forward to seeing you on the slopes soon!

The “Meadow House” in Lahontan is a fresh perspective on mountain architecture designed by Walton AE and built by Morrison Customs. After a fun day of skiing you will enjoy roasting marshmallows at the outdoor fire pit and soaking in the private hot tub overlooking the dedicated open space of the meadow. It is hard to find new construction of this quality at this price point and this is a great value for in a amenity rich community such as Lahontan. For a small fee you can use the shuttle service Lahontan provides for easy access to Northstar on those family ski days. Here is a link to the listing for more information:Click Here to View Listings



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M. 530.448.5141| O. 530.550.2021

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About the Author:

Jasmine has more than eight years of experience in the luxury resort and private club industry. Spending the last few years in Sonoma County, CA not only gave her the opportunity to work with numerous companies including, Mayacama Golf & Residence Club, The B-hive, and Timbers Resorts, but it also sparked a great love for food and wine. As a Truckee native she has strong community ties and was thrilled at the chance to move back to the Mountains in 2013. She found her home at Tahoe Mountain Realty as the Marketing Manager, and utilizes her diverse skill set to provide high-level support to the entire Brokerage. Connect with her directly by phone, email or through LinkedIn. Learn More About Jasmine