The Median Price is at $750,800 up 4.6% from this time last year. Since we had record levels of snowfall this past winter, the numbers of units sold has gone down. But with an 80% increase of inventory over the past quarter, I anticipate we’ll see that go up over the next quarter. Currently there are over 640 homes and condo for sale in the Tahoe Truckee area. Something for everyone, although it’s difficult to find much under $400,000.
The median price for the luxury market is down to $1,600,000 which is a 2.1 % decrease over this time last year, as it was up quite a bit in the previous quarter the market seems to have corrected. If you are looking for a deal on a Luxury property, please talk with me as there are many options and some neighborhoods are a better investment for luxury than others.