Lake Tahoe & Truckee Real Estate Market Review

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.

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