September Market Update
The beaches were blanketed with umbrellas this past weekend which is a strong indicator that our summer season still has a large draw to the area, especially for our Bay Area residents.
While Labor Day is considered the traditional end to summer, it often marks the kickoff for peak real estate activity in the Truckee/Tahoe region as summer shoppers seek to find their winter home before the holidays. That urgency to secure a property before the snow flies may have you wanting to check out what’s available, so click here for listings by neighborhood.
Last month, total dollar volume grew by 3% year over year while the number of transactions dropped by 15% – indicating the prevalence of high-dollar sales. Accordingly, average price rose 20% from $882,614 to $1,063,871. More accurately gauging the market, median price rose 3% year over year from $615,000 to $635,000.
The housing market has long been in overdrive, and here in Truckee, supply hasn’t met demand for a couple of years, pushing prices higher and higher. Supply still isn’t back to 2007 levels but it has caught up with the current demand for an overall balance between buyer and sellers market.
While it’s very rare to see properties trading over the ask price, we are still seeing full asking obtained when the home is priced correctly. In the past 30 days listings have exchanged hands at an average of 3% off asking price. If you’re thinking of selling, check out Tips your Listing Agent Should have Told You.
⇐ Featured Listing: ⇒
14239 Tyrol Road is the home you’ve been looking for…. 4 bedrooms, 3 baths, 4 car garage plus BONUS workshop and in-law unit. Located off Skiview Loop near the golf course sits a home that has something for everyone. The in-law unit has an office & spacious bath & large jetted tub with two fireplaces. The interior boasts cedar wood walls, cathedral ceilings a wood burning stove, and THREE decks. Perfect for 2 families.The backyard is great for entertaining with decks and a lovely wooded setting. Space, privacy and storage!! **ask me about Listing #20182458
“Check out some more listings….. if anything catches your eye, please call/email me to view homes. I’d be happy to help!” – Teddy
- Tahoe Donner
- Gray’s Crossing
- Pine Forest
- Martis Camp
- Donner Lake
- Ski Properties
- Lake Tahoe