Archive for March, 2013

PostHeaderIcon Truckee / Lake Tahoe Real Estate Market Profile Report – Jan vs Feb 2013 – Prices are on the Rise!

For single family homesĀ SOLD in the Truckee / Lake Tahoe area, total active declined 6% from January to February, and actual sales prices were up, both average prices (+10%) as well as median prices (+24%). For condos/townhomes, total active inventory declined by 4%, average sales prices were down 12%, but median prices were up 8%. Much of the limited, new inventory coming on the market is snatched up quickly as there is a pent-up demand from buyers who have missed out in previous multiple-offer situations. We anticipate this will continue for at least the next couple of months as we don’t expect any substantial increase in inventory until the winter ski season is over and inventory that has been on ski leases possibly comes on the market.

Market Profile Report – Truckee/Lake Tahoe

I hope this information is useful to you in your decision making process for buying or selling a home. Please contact me for more market statistics or market information.

Prices are on the rise with inventory very low!

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