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Home > 2020 Year End Market Report: Uncharted Territory

2020 Year End Market Report: Uncharted Territory

January 21, 2021 by Linda Granger Leave a Comment

Alpine Meadows and Squaw ValleySpace: The Final Frontier

…”to boldly go where no one has gone before”… We are in uncharted territory here in the Tahoe-Truckee real estate market, riding the juggernaut of 2020 demand. FULL MARKET REPORT

Our market has been utterly transformed in the wake of the pandemic. Unit sales in the stratosphere: check! Listings as rare as toilet paper in April: check! Bidding wars driving sales over asking price: check! Days on market plummeting: check!

So, what stands out amidst the torrent of eye-popping market numbers?Residential Lots Sales 2015-2020

For one: residential lots. Yup, that’s right. Lil’ ol’ lots. Usually a sleeper. Even in the best of years, Tahoe-Truckee lots tend to languish. This is one of the more challenging areas to build in the country, and buying a vacant lot here is not for the faint of heart. But in 2020, lot unit sales are up a whopping 137% over 2019. At Granger Group, we see this as one of the most significant and enduring harbingers of change to the region, indicating permanent growth and more jobs.

Secondly: unit sales. The real story in 2020 was volume. As crazy as they may seem, price increases were not totally without precedent, whereas unit sales and overall volume took us to the far reaches of the galaxy.

SFR Sales by Quarter 2019-2020 all areas

CLICK HERE TO SEE ALL TAHOE-TRUCKEE MARKET NUMBERS

Which Tahoe-Truckee neighborhoods have seen the biggest price increases in 2020? Neighborhoods with median closing prices under $800,000, such as Prosser and central Truckee, saw the biggest increases last year.

 

Truckee Tahoe Neighborhoods Price Comparison 2018-2020

Truckee Golf Neighborhood Median Comparison 2018-2020

To find out how much your home is worth in the new market, CLICK HERE or call Linda: 530-581-6927

Did it feel like properties were selling before you could even get through the photos online? They were! Inventory has never vaporized so quickly in the history of the Tahoe-Truckee market.

Truckee Tahoe Months of Inventory 2015-2020
To find out about Coming Soon listings, CLICK HERE or give us a call: 530-581-6927

 

 

 

Filed Under: Newsletters Tagged With: alpine meadows homes, alpine meadows homes for sale, alpine meadows real estate, alpine meadows realtor, donner lake real estate, granger group, granger group tahoe, homes for sale at lake tahoe, incline village real estate, lake tahoe real estate, lake tahoe real estate market, lake tahoe realtor, linda granger, martis camp homes for sale, martis camp real estate, martis camp realtor, truckee homes for sale, truckee real estate, west shore homes for sale

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3092 N Lake Blvd. Suite 3|Tahoe City, CA 96145
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