The Tahoe Real Estate Market had a nice start to 2018, with strong results, which should make for an exciting spring and summer. While Q1 results for 2017 were down because of the record snow fall, the 2018 should not be discounted. With 413 new listings and 318 sold properties, this is a great start to the year. 144 Homes were listed in the first quarter which is more than 30% higher than last year and 79 of them sold, also a greater than 30% jump year over year. This shows that there is strong buyer demand and we continue to see lower than normal inventory. There are currently only 429 homes for sale in the region and 202 lots for sale. Normally at the peak of our market in the summer, we see over 1,600 total properties for sale, so you can see the squeeze we have on inventory. With building costs being very high still and permitting processes being extremely tedious, the cost of money and time to build continues to scare away many land buyers, although, we have seen some decent progress in land sales recently. Homeowners, if you have ever considered selling your Tahoe/Truckee home, you couldn’t ask for a better time to discuss listing your home and I would be more than happy to discuss your options in more detail. Buyers, it is very important to get yourselves pre-approved with a lender if you will need a loan and be ready to jump on a house that you like because competition will be pretty strong this year.
Looking for access to Squaw Valley that needs no work, is turn key and has a quick build time? The Palisades at Squaw is an amazing new development that I am excited to be representing. Sales Office Opens in May!
Amazing Winter Creek Listing. Close to everything in Truckee and Tahoe with a great back yard and excellent floor plan. 10163 Winter Creek Loop If you or someone you know would like a tour, please let me know.
Here are the New Listings in the last week.
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