• Home
  • Search
    • Search Tahoe/Truckee, CA
    • Search Incline Village, NV
    • Search South Lake Tahoe, CA
    • Search Reno & East Shore
    • Featured Listings
    • Search by Map
    • Sold & Pending Listings
  • Neighborhoods
  • Buyers
  • Sellers
  • Blog
  • About
    • Meet The Team
    • About Sereno
    • Testimonials
    • Review the Granger Group
  • Contact
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Search
    • FEATURED LISTINGS
    • Search Tahoe/Truckee, CA
    • Search Incline Village, NV
    • Search South Lake Tahoe, CA
    • Search Reno & East Shore
    • Search by Map
    • Sold Listings
  • BUYERS
    • Receive Listing Notifications
    • Why buy with Granger Group/Sereno?
    • Market Reports
  • SELLERS
    • What’s Your Home Worth?
    • Why List With Granger Group/Sereno?
    • Market Reports
  • Neighborhoods
  • Lakefronts
    • California Lakefronts
    • Nevada Lakefronts
  • About
    • Meet the Team
    • About Sereno
    • Testimonials
    • Review Us
  • Contact
    • Contact Us
    • Email Updates
  • Blog
Menu
company logo
(530) 581-0388 | Login / Register
  • Search
    • FEATURED LISTINGS
    • Search Tahoe/Truckee, CA
    • Search Incline Village, NV
    • Search South Lake Tahoe, CA
    • Search Reno & East Shore
    • Search by Map
    • Sold Listings
  • BUYERS
    • Receive Listing Notifications
    • Why buy with Granger Group/Sereno?
    • Market Reports
  • SELLERS
    • What’s Your Home Worth?
    • Why List With Granger Group/Sereno?
    • Market Reports
  • Neighborhoods
  • Lakefronts
    • California Lakefronts
    • Nevada Lakefronts
  • About
    • Meet the Team
    • About Sereno
    • Testimonials
    • Review Us
  • Contact
    • Contact Us
    • Email Updates
  • Blog
Menu
Home > Year-End 2021 Market Report: The Polar Express

Year-End 2021 Market Report: The Polar Express

January 18, 2022 by Linda Granger Leave a Comment

West Shore Tahoe Winter Happy New Year, everyone! The sky has cleared after historic storms closed out 2021 with a thunderous roar, giving us a great snowpack and epic ski conditions. But when will the Tahoe-Truckee real estate market steady its rollicking journey towards the North Pole? Year-End Report

The spirit of Santa Claus has proven itself real for sellers, showering them with virtually instantaneous multiple offers and stratospheric prices. On the flip side, however, market activity is in danger of becoming hypothermic as buyers wander the tundra in search of the elusive northern lights of inventory.   

The good news is that pending contracts are within a normal range at present, but may not stay there unless more listings come to market.

CLICK HERE FOR ALL MARKET NUMBERS

With prices at potentially unsustainable levels and closed sales trending down, we have our fingers crossed that the supply-side can right itself over the course of 2022 (in more than just the real estate industry!). What we don’t want to see is a downturn in total volume, which means less money fueling the local economy from home sales.

 

 

It won’t surprise anyone to see that sale prices have been consistently over asking since late spring 2020. If the fourth quarter ’21 trend continues, a return to closing prices just slightly under list may reflect a more rational market with fewer bidding wars. Sale vs Original List Price Quarterly 2018-2021

UPDATE ON BUILDABLE LOT SALES: Although residential lot unit sales have softened slightly from the land-grab mania of 2020, prices continue upward to historic highs.

If you’re thinking of selling, click here to schedule a 15 minute, no-commitment strategy session with Linda Granger!

FULL MARKET REPORT

FEATURED LISTING: 10617 Carson Range

A truly stunning mountain masterpiece in the desirable Schaffer’s Mill community.
Interactive Property Brochure 
Zillow 3D Home Tour
 

Contact us to learn more about this spectacular property!

Filed Under: Featured Listings, Newsletters

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

agent image

Linda Granger

Serving Lake Tahoe & Truckee
(530) 581-0388 Linda Granger

Contact
New Listing Alerts What's My Home Worth Market Reports

What Clients Say

"“Linda was outstanding! It was obvious from the first moment that I met her that I was in good hands. She was very knowledgeable, helpful – she went... continued"
- Sarah
All Testimonials
What's Your Home Worth? Free CMA

Footer

company logo
(530) 581-0388 Linda Granger|Email
3092 N Lake Blvd. Suite 3|Tahoe City, CA 96145
CA DRE# CA 01048013/NV B.1001129 | NV DRE# B.1001404

sitemap   •   admin   •   ©2023 All Rights Reserved  •  Real Estate Website Design by IDXCentral.com