During the month of February we've felt market activity pick up. Sellers are actively reaching out in preparation to list in later spring or early summer, and buyers are both consolidating and understanding their resources as it relates to the current market. Our real estate restrictions do not stem from a lack of resources for those seeking to invest, instead they stem from a lack of Continue Reading
What’s Happening in Tahoe Real Estate?
With a lack of exciting inventory, Tahoe real estate numbers seem stagnant entering the first two months of 2023. This is in part due to excessive snow in the region, and the low inventory we historically see in January and February. This does not indicate a lack of buyer interest. Mortgage applications over the last month have increased 25% week over week. In the last two weeks we have Continue Reading
2022 Truckee Real Estate Insights to Guide the New Year
A strong housing market reigned in 2022 in the Truckee and North Lake Tahoe region. With above average demand, limited inventory, and stabilized pricing, 2023 will see a strong real estate market. In the first half of 2022, market trends matched the pace of 2021, with houses selling well over listing, experiencing multiple competitive offers, and listing on the market for mere days. As Continue Reading
Real Estate Trends Kicking Off 2023
Welcome to 2023! Real estate professionals are strategizing about what's now, what's next, and what you care about. Here are highlights from this past year that impact your Tahoe and Truckee real estate markets. Listings are limited. Winter consolidates the number of listings in our region. Demand remains high due to balance in our local supply of inventory. In order to move quickly as Continue Reading
Real Estate Market Reports, Truckee 2022 Annual Review
Below you will find Market Reports produced by Engel & Völkers for home sales in Truckee, California. The Truckee Market Report is broken down by neighborhood. Our team is available to review these reports, and or provide any other market statistics you are further interested in. Find the report. Find the report here. Continue Reading
Supporting Families In Baja
By choosing to work with The Riedel Group, you have made homeownership a reality for a family in Baja California. With each home bought or sold, The Riedel Group supports a non-profit called "Young Life Adventures Baja" to assist in the funding, planning, and construction of a brand new home for a family in need. Thank you for your ongoing support! Contact us to get involved in our Continue Reading
December 2022 Tahoe | Truckee Lifestyle + Newsletter
Our housing market has continued to shift in response to inflation and other factors both nationally and statewide. With continued, expected higher interest rates, and lessened buyer demand, we adjust our approach to the local market based on what we know. California Association of Realtors (CAR) 2023 housing forecast predicts a decline in existing single-family home sales of approximately 7% Continue Reading
November 2022 Tahoe | Truckee Lifestyle + Newsletter
With interest rates rapidly rising, buyers and sellers alike are struggling to adapt to the market's current condition. The prediction is that the market will continue to evolve in the next 12-18 months, with realtors playing an integral role in client success during a complicated time in real estate. Yes, California home prices have continued to increase annually; however, the statewide Continue Reading
Mid October 2022 Tahoe | Truckee Lifestyle + Newsletter
With a majority of sellers not motivated to list their homes currently, inventory remains low. Whether homeowners are enjoying their space prior to potential return to office or hybrid work scenarios, or that some have smaller loans and interest rates, many owners are holding on to their properties until the market conditions improve or rise significantly. While this is discouraging for potential Continue Reading
Real Estate Market Reports, September 2022 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, Olympic 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 Continue Reading
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