Midsummer Update 2020
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!
To see my June 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
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