Now that we are in the 4th quarter for 2013 I wanted to review the Lake Tahoe and Truckee single family home markets and see how sales volume and Median home pricing has changed over the last year. The trend for 2013 has been limited inventory and a strong buyer base which I knew was positively affecting pricing in the region, I just didn’t realize that on average the Lake Tahoe and Truckee single family home markets are up 11.5%!
In the chart below I have examined 7 popular Lake Tahoe and Truckee real estate markets for the number of sales and median home pricing for single family homes. This is a year over year chart so I was looking at January 1 through September 3rd for both 2012 and 2013. The last line of the chart shows statistics for the entire Tahoe-Sierra Board of Realtors which I thought would be fun to see how the market as a whole is performing.
Lake Tahoe Real Estate Statistics
|Area||2012 Sales Volume
||2013 Sales Volume||% Change||2012 Median Price||2013 Median Price||% Change|
|Alpine Meadows &
|Lake Tahoe – North Shore||123||127||3%||$385K||$469K||18%|
|Lake Tahoe – West Shore||101||90||-11%||$479K||$509.5K||6%|
|Sierra Meadows &
|Entire Tahoe Sierra MLS||691||751||8%||$425K||$480K||11.5%|
2013 Highest Sale Price: $20,900,000
2013 Lowest Sale Price: $104,000
Please feel free to call or email me with questions about the Lake Tahoe Real Estate markets as I would be happy to provide more insight into the markets or provide you with a more detailed market analysis for your specific neighborhood.
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David Westall, Realtor
Tahoe Riverfront Realty, Inc.
CA DRE# 01796995
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