If your search for an active listing feels as elusive as uncovering the golden egg hidden at Alpine Meadows with a season pass inside, you’re not alone. Inventory levels have hit rock bottom (one hopes), mimicking global supply-side patterns in other industries.
Unlike Aesop’s ‘goose that laid the golden egg’, however, who met his untimely demise as the source of wealth, we hope to see the market make a healthy return to normal without further mishap. CLICK HERE FOR ALL MARKET NUMBERS
The good news is that pending contracts and unit sales are within range of normal for this time of year. We’re not seeing the reduction in sales or volume that struck in 2010-2012 as the fallout of the Great Recession, which as of last year still seemed like a possibility. FULL MARKET REPORT
It won’t surprise anyone to see that sale prices have continued to rise. Buyers looking for some relief will gain comfort in the fact that the biggest jumps in sale prices are often in the first half of the year, after which things tend to settle down as sellers see winter on the horizon.
Condo prices in the Tahoe-Truckee market have bucked historic trends by climbing consistently for the past year. This is probably due to inflation taking single family homes out of reach for many buyers, as well as new luxury condo/townhome construction coming to market.
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If you’re thinking of selling, click here to schedule a 15 minute, no-commitment strategy session with Linda Granger.
BUYERS: To find out about pre-market listings, CLICK HERE