The Lake Tahoe & Truckee real estate stats for the 3rd quarter are out! These fabulous graphs compare real estate numbers from 2009 with 2010. Almost all numbers show an increase from last year!
Lake Tahoe home sales saw a 37% increase for sales volume and a 28% increase for number of units sold. The median price for single family homes decreased by 9% and the average home sale price decreased by 7%. Condo sales at Lake Tahoe increased by 63% in sales volume and increased by 62% in units sold. The median price for condos increased by 11% and the average price increased by 4%.
The Truckee real estate market is also seeing some positive numbers in 2010 compared to 2009. Sales volume increased by 9% and number of units sold increased by 13%. The median home price decreased by 8% and the average increased by 3%. Condo sales increased in sales volume by 47% and in number of units sold by 73%. The median condo price decreased by 18% and the average price decreased by 15%.
Here is the press release in connection with the 3rd quarter stats:
Tahoe/Truckee Housing Market Continues to Strengthen
LAKE TAHOE, Nev. (October 7, 2010) – Third quarter sales figures in four major regions of Lake Tahoe plus Truckee continue to show a strong pattern of increased home sales. Single family home sales in South Lake Tahoe, Incline Village, Tahoe City and Truckee saw significant growth in the first nine months of 2010. “We are very pleased to see an increase two quarters in a row; however the median cost of homes are still tracking downward,” noted Sue Lowe, corporate broker and senior vice president of Chase International. Buyers understand that this is the time to obtain the ultimate value in housing and are purchasing these incredible deals at rapid rates”, said Lowe. The units sold for the entire Lake Tahoe basin are up an amazing 28% and sales volume is up an astounding 37%. Even the average price is tracking upwards for the first time in the last two and half years at seven percent. “We continue to educate our buyers that now is a good time to buy in the Tahoe region,” said Lowe. “There are still a lot of great choices and deals out there for buyers.”
Area specifics: On the South Shore, total sales volume is up 32 percent and units sold up 28%. In Tahoe City, sales volume is up a whopping 67 percent and units sold up 46%. Incline Village, sales volume is up 28 percent and units sold up 27%. On the East Shore of Tahoe and sales volume is up 9%, units sold down 2%. In Truckee, the sales volume of is up 9% and units sold is up 13%.
This graph shows some of the properties sold by price band. The areas included are Incline Village, East Shore Lake Tahoe, Tahoe City, South Lake Tahoe & Truckee. Click on the image below to view all graphs.