As we continue to speculate about the next few months and years of the Tahoe Truckee real estate market, we turn to indicators of a leveling market in the future. Paired with higher mortgage rates, high median home prices, inventory still below market demand, and luxury sales slowing year over year, professionals take this as an indication of a leveling out of the market. We are Continue Reading
Archives for 2022
June 2022 Tahoe | Truckee Lifestyle + Newsletter
Summer is just around the corner in the Tahoe region, and with it our local market saw an influx in new listings over this past Memorial Day weekend. During the holiday weekend, 66 new homes hit the market, with 13 of those homes pending sale in less than 6 days from listing. The homes that went into contract over the weekend were priced correctly for the current market. The sellers were realistic Continue Reading
Mid May 2022 Tahoe | Truckee Lifestyle + Newsletter
We've seen an upswing of listings recently in our Tahoe market, and home values are remaining high. If you're looking to make a move or sell your home, it remains critical that you are in close communication with your real estate team and are ready to make a competitive offer as homes hit the market. Continue Reading
May 2022 Tahoe | Truckee Lifestyle + Newsletter
There are many predictions for what the real estate market holds for the remainder of 2022. Mortgage rates seem to continue to rise, though many expect them to remain about 4% (according to NAR Chief Economist, Lawrence Yun). With the raise in rates, we expect to see slightly less competition as the increase has pushed some would-be buyers out of the market. As rates continue to rise, buyers who Continue Reading
Mid April 2022 Tahoe | Truckee Lifestyle + Newsletter
IN BAJA We find great fulfillment in our families and active Tahoe lifestyles. One of the ways we connect most to community is in giving back. We have partnered with Young Life Adventures in Baja, Mexico, for a few years now, to help foster community in Baja, and to assist those in need by building homes for families. Our giving back initiatives is one of our sources of joy and pride as a Continue Reading
April 2022 Tahoe | Truckee Lifestyle + Newsletter
Throughout the industry we are seeing a persistent buzz around the ongoing housing shortage. This is a shortage felt nationally, and felt deeply in the Tahoe region in particular. For developers and construction, spring is the season to begin building new homes. While in theory, new builds help to raise inventory, and help to level out the availability of homes, this isn't the Continue Reading
Mid March 2022 Tahoe | Giving Back Update & Newsletter
We believe in community and compassionate giving. The Riedel Group makes a charitable donation to Young Life Adventures at the end of each sale in place of closing gifts. Each purchase, sale, or referral provides the funds needed to continue to support making homeownership a reality for a family in Baja. Right now, our partner, Young Life Adventures Baja, is beginning preparations Continue Reading
March 2022 Tahoe | Truckee Lifestyle & Newsletter
Waiting to purchase a home will cost you money. Here's why. Where will home prices be a year from now, and what about mortgage rates? For the Truckee and Tahoe markets, home prices are projected to appreciate nearly 8% this year. Mortgage rates are expected to rise from 3.1% to nearly 4% towards the end of the year. With both variables increasing, monthly mortgage payments will increase Continue Reading
Real Estate Market Reports, Q4 2021 North Lake Tahoe & Truckee
Below you will find Market Reports produced by Engel & Völkers for home sales in Truckee and North Lake Tahoe, CA. The Lake Tahoe report is broken down by North Shore, West Shore, Squaw Valley, and Alpine Meadows. Separately Incline Village is listed for the Nevada area of North Lake Tahoe. The Truckee Market Report is broken down by neighborhood. Our team is available to review these reports, Continue Reading
Mid February 2022 Tahoe | Truckee Lifestyle & Newsletter
Toward the end of January, we begin to see spring real estate trends emerging nationally. This is typically also the slowest month in Tahoe for the real estate market. What January tells us to expect for our spring season is the persistence of lean inventory and incredibly high demand. Many homeowners considering listing their primary or secondary home are waiting to see what the market Continue Reading
