Is Your Truckee Home Worth More than You Think?

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! 

Why is it Important That You Accurately Price Your Home?

Today I wanted to talk to you about why it is so important to accurately price your home. When your home is priced accurately, you will typically receive multiple offers within the first two weeks of it being on the market. Also when buyers are competing against other buyers, and they love your home, they tend to pay more than if they were the only one bidding on your property.

When a home sits on the market, both buyers and agents start to wonder what is wrong with the property and why it hasn’t be selling. The home becomes an overripe piece of fruit because the longer it sits around, it begins to rot. That is what people look at when they’re look at homes and their days on market. When the home sits on the market, it is not a hot new item anymore!

If you’re a seller and you’re interested in selling your home, check out the free home vale report or give me a call at (530) 582-6900. Thanks and have a great day!

What Did 2013 Bring You?

Today I wanted to give you a recap of 2013 and also what you can expect in 2014 for the Truckee/Tahoe market. 2013 was an exciting real estate year and we continuing to stabilize and see strong growth in our market. Our average price is up about 10% right now and the median price is currently up about 11%. The exciting part is that inventory is down 9% from last year; this should allow continuing growth for prices through the springtime.

Looking toward 2014, keep in mind that our inventory typically doubles by July. If we look at last year, the average price dropped by over $100,000 from April-July when your compare it to last year between October and March. If you’re thinking about selling your property and taking advantage of low inventory and low interest rates, be sure to do so March to beat the crowd!

If you’re looking for a home, we can find you that perfect mountain home. Thanks and have a great day!

I Would Like to Personally Welcome You to My Video Blog!

Thank you for joining my video blog! I will be doing this twice a month to help anyone who is looking to buy or sell in the Truckee/Tahoe area.

Right now, we are seeing low inventory; the levels are 11% lower than the previous year. However, our median price is up 16% giving us more sales in the area and less for buyers to choose from. When we saw the original bump in interest rates a few months ago, sales slowed. When the interest rates dipped about a week ago, we’ve sold 5 properties since. With the decrease in interest rates, sellers are trying to find the perfect home before winter.

If you’re looking to sell your home, please utilize our free home value report and if you’re looking to buy, click on our free home search. You are always welcome to call me at (530) 582-6900. Thanks and have a great day!