Archives for 2021

Economists are releasing predictions for the 2022 housing market and expect a consistent model, similar to 2021 to follow for the upcoming year. While the market isn't expected to reach pre-pandemic levels, it is expected to level out with more inventory anticipated in the coming months, According to Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), "home Continue Reading

FALL IN TAHOE The national housing market is above pre-pandemic conditions, but settling down when comparing August 2021 to August 2020 (sales fell 1.5%). Compared nationally to the first three quarters of 2019, home sales are still up 12%. While home prices continued to rise in Q3 of 2021, the pace of the rise waned. In 2020, home prices had risen 20-25% from 2019, whereas in Q3 of 2021, the Continue Reading

FALL IN TAHOE Our local market continues to push forward with the median single family home price increasing on average around 25% over the last year.  Values are beginning to reach a healthy plateau. For buyers who have been sitting on the sidelines over the last year anticipating, this is positive.  Compared to last year, we are down 10% for single family Continue Reading

FALL IN TAHOE The first snow has fallen in Tahoe leaving everyone excited for an adventurous winter season. With resorts posting daily updates, and ski shops reserving winter tune up appointments, we look anxiously toward new listings with mountain access.  The hopeful influx in new listings is purely speculative. Year over year, we've seen more properties on Continue Reading

FALL IN TAHOE More than 50% of homes in the past year have sold for over asking price in the United States, according to a recent publication by Forbes. We are now seeing areas known as "Zoom Towns," referring to the accessibility of the remote workforce, pop up in pockets previously untouched across the country. In our Tahoe Truckee region, 95% of homes sold at Continue Reading

SUMMER IN TAHOE As the summer season comes to a close here in the Tahoe Truckee region, we are beginning to see the market pick up momentum following a grim and smoky August. With the evacuations spanning from South Lake Tahoe to the West Shore, and overwhelming smoke levels from the Dixie and Caldor fires, the market took a pause for the beginning of Continue Reading

SUMMER IN TAHOE Fire season is far from over in our region. While we typically share market insights and real estate news in our newsletter, this month we felt it important to discuss the current threat to our beloved community, loved ones, and wildlife in the area.  With evacuation notices in Alpine and El Dorado counties, shifting to Continue Reading