After the briefest of slowdowns–barely a hiccup–Tahoe-Truckee real estate has rebounded in spades. Single family homes are flying off the shelves so quickly, inventory is tighter than a Victorian corset! See all market numbers here.
The notable exception to booming unit sales are lakefront SFR’s and condo’s on the north and west shores, which are down 55% and 45% respectively from the first half of 2019. However, if all the lakefronts currently in contract move forward to closing, this number may right itself in the third quarter.
Another interesting anomaly is Tahoe Donner, which usually bustles right along in front of the Truckee market. This year, perhaps because second home owners have temporarily (or permanently) moved into their homes, sales there have slowed relative to the rest of the area.
Inventory, supply, availability; whatever you want to call it, there is none. As of July 11th, active listings are HALF their standard levels for this time of year, but pending contracts are more than DOUBLE the norm. Thinking about selling? Now is the time!!
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