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Home » Market Reports » Lake Tahoe & Truckee Real Estate Market Review

Lake Tahoe & Truckee Real Estate Market Review

September 3, 2013 by dwestall Leave a Comment

Lake Tahoe Real Estate Sales

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 &
Squaw Valley
25 21 -16% $615K $857.5K 28%
Glenshire 60 59 -1.6% $317.5K $404.8K 21.5%
Lake Tahoe – North Shore 123 127 3% $385K $469K 18%
Lake Tahoe – West Shore 101 90 -11% $479K $509.5K 6%
Northstar 21 17 -19% $625K $830K 25%
Sierra Meadows &
Prosser Lakeview
43 71 39% $350K $425K 17.6%
Tahoe Donner 172 169 -1.7% $475K $534K 11%
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.

Want to know what your home is worth?

 

Search the MLS for Lake Tahoe Real Estate

David Westall, Realtor
Tahoe Riverfront Realty, Inc.
P: 530-448-9882
David@WestallRealEstate.com
www.WestallRealEstate.com
CA DRE# 01796995

Filed Under: Market Reports

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