There are many great Truckee area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (530) 582-6900 for a FREE home buying consultation to answer any of your real estate questions.
Hello and welcome back! Today, we want to share a quick market update, so you know what to expect from the Truckee market in the coming months!
The number of homes sold is down, but in most areas the average and median prices have risen! Additionally, the inventory of available homes has dropped.
The conditions in our high-end luxury market are a good example of recent trends. Sales are down 34% when compared to the same time period year to date in 2014. However, the average price is up 4% and the median price is up 10%! Also, inventory is down 10%, which is great news for sellers.
In Tahoe Donner, sales are down 22%, but the median price is up 8%. The general sales in this area are between $400,000-$750,000. It has been difficult, however, to find enough inventory to satisfy buyer demand. In the primary home market - like Sierra Meadows, Prosser, and Glenshire - sales are down 30%, but the average price is up 22%. Additionally, there are 5% fewer homes on the market. Again, we're having trouble satisfying buyer demand, so it is a fantastic time to list!
Lastly, in the Donner Lake area, there are 57% fewer home sales now than there were last year. This may have something to do with the lack of snow we had this winter season. Despite a sharp drop in sales, we saw the average price jump up over 31%! This is with a drop in inventory of 27%!
As you can see, now is the time to sell in the Truckee area. Inventory is low and prices are high, so if you take the right steps toward selling, you should have great success! If you have questions about anything real estate related, or if you would like our assistance taking advantage of this market, give us a call or shoot us an email. We would love to hear from you!
