Your 2016 Tahoe-Truckee Real Estate Market Wrap Up

2016 is almost over, which means now is a great time to reflect on how the Tahoe-Truckee real estate market has changed in the past year.

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.

What happened in our 2016 real estate market?

Overall, more homes sold in 2016 than in 2015 and home sales went up by 15%. The average sales price is up 11%, and the median sales price is up 5% over the last year.

These numbers can be deceiving because each neighborhood has its own dynamic. For example, in our more popular neighborhoods like Donner, Glenshire, Donner Lake, North Shore, and West Shore, we saw minimal growth of 1% to 3% in the median and average sales price.

There were some interesting anomalies in our 2016 real estate market.

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2016 saw some interesting real estate anomalies.

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In Martis Camp, home sales doubled in 2016. However, the average sales price is actually down by 6%, and the median sales price is down 14%. In Squaw Valley, sales also doubled but the average sales price went up 7%. On the other hand, the median sales price went down by 4%.

So, who were the winners in 2016? The neighborhood of Brockway Vista saw a 4% increase in the average sales price and a 14% increase in the median sales price. That’s the result of new streets and redevelopment in the downtown area. Brockway Vista also went down the most during the economic downturn; now, they have made a full recovery.

Northstar also saw a significant increase in the average sales price—the average is actually up 46%! The median sales price jumped up even further, increasing by 63%. Why the huge increase? You can thank the new Mountainside development for that.

If you haven’t been to Northstar lately, there are some incredible new homes out there that are definitely worth taking a look at. The question is, will Northstar overshadow Martis Camp? Only time will tell.

If you are interested in the specific numbers for your neighborhood, click here for a full report. You can also search all local real estate on my website. As always, if you have any real estate questions, please don’t hesitate to reach out to me. I would be happy to help you!

About

Christy, a Truckee/North Tahoe resident since1988, stands out as a leader in the area’s real estate market. Her pro-active business approach keeps her consistently ranked in the top 1% of local agents. With nearly $40 million in sales over the past ten years, Christy knows how to get the job done.  Christy’s mission is to bring buyers and sellers together in order for them to reach their investment,financial, and personal goals. By working closely with buyers and productive real estate agents in the area, Christy is able to give your property the maximum amount of exposure so that you can net the most money possible on the sale.

“There are many qualities and skills that go into being an excellent real estate professional – integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills and a high-quality professional network, all of which are hallmarks of my business philosophy. In my experience as a real estate professional, I’ve also found that providing the very best service is essentially about putting my clients first. This means keeping myself accessible, being a good listener as well as a good communicator, and responding quickly to your needs.

This “client first” philosophy has always been my approach and it requires me to continually improve my skills and ways of doing business. In addition, I’ve found the latest technologies enable me reach more buyers or sellers much more quickly and efficiently and also help me to extend the range of services I provide to my clients. So when you decide that you’d like to buy or sell a home in the Truckee North Tahoe area, please contact me. I look forward to providing you with an exceptional real estate experience.”

Christy Morrison
Oliver Luxury Real Estate
Truckee, CA
Phone:530-582-6900
Fax:530-582-0193
christy@oliverlux.com

What our pleased Lake Tahoe clients have to say

"Thank you so much for taking the extra effort to make our first home purchase successful. You were there guiding us through all the crucial and important steps! You really listened to what we wanted in our home and you found exactly what we were looking for - at an amazing price! If we ever outgrow this home, we'll definitely be calling you!"

"You made buying a home so easy for my wife and I. We were grateful for how much patience you used in answering all of our questions and taking us to look at so many houses. You never pushed us into looking at something we were not interested in. We strongly recommend you to anyone looking at buying a new home."

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