How’s the Tahoe-Truckee Market?

 

Tahoe-Truckee real estate is hotter than it has been in 20 years and possibly ever. I’ve been doing this since 2004 and even the crazy days of 2006 don’t compare.

 

Sales since the beginning of summer are staggeringly higher than the same time last year:

 

Sales volume is 3 times that of 2019.  The average price is up 38%.

Volume is 4 times 2006 and average price is 32% higher than 2006.

 

We are seeing multiple offers on most properties and even at the highest levels. We are seeing non-contingent offers and competitive bidding on homes that are handled properly.

 

What does this mean?

 

It’s easy to get a high valuation of your property. But handling the process is where there are vast differences in real estate agents. The listing process needs to be done carefully, strategically, and experience matters. If you do it right, you will get non-contingent, high price, quick close offers. If you need more time in your Tahoe-Truckee home, we can work that, as well. Call me to discuss how I help buyers and sellers navigate the wild ride that is Tahoe-Truckee real estate in Summer 2020!

 

Get in Touch with Alex

 

To see my July Update which shows a 283% jump in luxury sales, click here

 


Quick Market Data

For more detailed, Tahoe regional breakout stats and charts click here.

 

North + West Shore, single family and condominium sales

Year Total Volume # Units Sold Ave. Days on Market Ave. Price Median Price
2019 $403m 408 76 $990k $601k
2018 $538m 436 71 $1.2m $655k
2017 $431m 475 78 $907k $620k
2016 $351m 408 101 $859k $555k
2015 $371m 434 106 $856k $535k
2014 $396m 346 101 $874k $511k
2013 $420m 307 107 $733k $471k

 

Truckee-Tahoe Donner, single family and condominium sales

 

Year Total Volume # Homes Sold Days on Market Ave. Price Median Price
2019 $445 594 46 $751k $650k
2018 $423 584 41 $725k $638k
2017 $443 656 49 $676k $594k
2016 $372 614 62 $610k $540k
2015 $312m 543 63 $575k $502k
2014 $282m 489 64 $577k $500k
2013 $314m 582 68 $539k $479k

 

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“We are very happy with the deal, Alex. You made it happen and you are a hero.”

– Neil and Karen B. Sellers of 3266 Edgewater. Closed price $8,199,000. Record breaking lakefront sale in Dollar Point.

 

“We enjoyed working with you and will be in touch when we want to sell more property. Thanks again for getting it sold.”

– Bonnie and Ken. Forty-year Tahoe residents with multiple properties and businesses. Had previously worked with another agent.

I start from the perspective of doing what’s right for you and your property. I shoot straight regarding value and how we can maximize the sales price. I am known for creative, high-quality marketing and effective negotiations. I provide personal attention to both you and your property. I keep a foot on the gas throughout escrow. I attend appraisals for unique and high-end properties to ensure value is attained by the buyer’s bank. I watch the details. I use the best stagers, photographers, web developers and the finest print and online media. The end result is your property standing head and shoulders above competing listings and your sale happening efficiently. This is especially powerful when coupled with Chase International: Reno-Tahoe’s regional leader with over $1.5 billion in annual sales.

3266 Edgewater Drive. Sold by Alex for $8.199m, July 2015.

3266 Edgewater Drive. Sold by Alex for $8.199m

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