If you've been keeping an eye on the real estate market in the Truckee and Lake Tahoe areas, there's a lot to take in this season. As the summer season heats up, we're seeing a steady increase in active listings in both regions, giving buyers more options to explore.
Pricing trends in Lake Tahoe and Truckee are heading in opposite directions. In Truckee, the median home price has dipped, making it a potentially good time for buyers to enter the market. In contrast, median prices in Lake Tahoe have climbed, showing that demand for these properties remains strong. Average price per square foot remains steady in both areas, which suggests that property values overall are holding firm.
Sales activity has also shown some notable shifts. Truckee saw a 10% increase in home sales year over year (YOY), which is a promising sign of a strong and active market. On the other hand, sales around the Lake dropped by 20% YOY, possibly due to tighter inventory earlier in the year or shifting buyer preferences. The good news? Both regions have a healthy pending pipeline, so sales will continue.
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