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Home > The Great Glass Elevator: Tahoe-Truckee Real Estate Sets New Records

The Great Glass Elevator: Tahoe-Truckee Real Estate Sets New Records

October 22, 2020 by Linda Granger Leave a Comment

8305 Meeks Bay Ave

Just like Willy Wonka’s Great Glass Elevator smashing through the roof of the chocolate factory, the 2020 Tahoe-Truckee real estate market has shattered records and catapulted itself into uncharted territory in the sky.

Let’s look first at prices, the previous record highs having been set in 2006. Those of us watching Tahoe-Truckee real estate have been waiting for 14 YEARS for the median price across the MLS to get back to its all-time high. Sure, certain sectors and neighborhoods saw untrammeled growth this past decade, but plenty of buyers from the mid-00’s were still looking at a loss.

Hello Summer ’20! Because of urban flight during the pandemic, the region-wide median price for condos and single family homes as a group has finally surpassed 2006.

Meanwhile, unlike the 2005-2006 price boom, unit sales this quarter also exploded through the ceiling. 89% more SFR’s sold in July-Sept of this year than the same period in 2019, despite record-low inventory.

Pending Contracts - Active Listings 2016-2020

Hold onto your hats, folks! It’s anyone’s guess what 2021 will bring. Good news is, Charlie and the elevator, after a wild ride in space, did eventually make it back to the chocolate factory safely.
 

CLICK HERE FOR ALL DETAILED MARKET NUMBERS
 
 

2006-2020 Comparison All MLS

TRUCKEE NEIGHBORHOODS FOCUS

Tahoe Donner
Sierra Meadows
Martis Camp
Is that a mistake? That teensy little sale-under-list percentage for 2020? Nope.
We’ll say it again… Thinking about selling? Now is the time!!
Give us a call: 530-581-6927 Sale vs List 2015-2020
 
 

 

Filed Under: Newsletters Tagged With: alpine meadows homes for sale, alpine meadows real estate, alpine meadows realtor, granger group, granger group tahoe, homes for sale at lake tahoe, lake tahoe homes, lake tahoe homes for sale, lake tahoe real estate, linda granger, martis camp homes for sale, tahoe city realtor, tahoe homes for sale, tahoe real estate, truckee homes, truckee homes for sale, truckee realtor, truckee realty

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