• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Century 21 Tahoe North Logo
Login/Register 1-800-892-8821
  • Home
  • Search
    • Search All Properties
    • Search by Map
    • Neighborhood Profiles
    • New Listing Notifications
  • Featured Listings
  • Vacation Rentals
  • Resources
    • Learn About Buying
    • Learn About Selling
    • Area Links
  • About
    • About Us
    • Our Team
  • Blog
  • Contact

Lake Tahoe Real Estate Market Report:

March 14, 2014 by Luke Curran Leave a Comment

One of the more confusing parts of buying a home in Lake Tahoe real estate is understanding the market.  The shape of the Tahoe Real estate market will determine how far your dollar will take you.  Buyers seek to get a low price on a home and when the time comes to sell the home, hopefully the value has gone up, resulting in a profit.  Around the end of 2006 / start of 2007, the Lake Tahoe real estate market was doing better than ever, and it was a great time to sell.  One year later, and the market had completely changed, for the worse.  Home values were dropping rapidly.  If you had the money, this was the time to buy.  We’ve seen both a very strong, and a very weak real estate market this decade in the Lake Tahoe area.  Now, things are starting to look normal again.  In the real estate market, normal is best because both the buyer and seller have peace of mind.  Below are the numbers for sold homes, condos and lots in the Lake Tahoe area for the past 3 years.  Please note that these are categorized by area, and year.

 

condos
homes
lots

 

These charts show the completed sales in the last 3 years by area.  This data is helpful because it shows how the real estate market differs between subdivisions of the Lake Tahoe area.  For example:  in the condo sales graph, it’s easy to at first glance see that condos on the west shore are pricier than condos in other areas (and that prices have risen in the last 3 years).  We can also quickly notice that the market for condos at Squaw and Alpine haven’t grown as rapidly as other areas.  This is all useful information for buyers and sellers.. but what if we are interested in the market as a whole?  We’ll need a new chart for that:

Real Estate Sales in Lake Tahoe:

 

averages

 

This chart shows the averages for real estate sold the entire Lake Tahoe area.  Each number represents for an average of the 5 areas (North Shore, West Shore, Squaw / Alpine, Truckee, Northstar) shown in the chart above.  So, instead of looking at numbers for Truckee or West Shore.. we are looking at the Lake Tahoe area as a whole.  At first glance, you will notice that homes typically cost more than condos; and condos typically cost more than lots (no surprise there).  We can also see that over the last 3 years, prices have risen, which indicates a strengthening market!

Filed Under: Uncategorized

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Tahoe North Realtors Logo
Tahoe North, Realtors
530-546-8224 Phone
530-546-3615 Fax
Contact Us
Listing Alerts Your Home's Value

Footer

800-892-8821 OFFICE|530-546-8224 LOCAL
Contact
century 21 company logo - tahoe north realtors
  • Email
  • Facebook
  • RSS
  • Twitter
  • YouTube

sitemap   •   admin   •   ©2021 All Rights Reserved  •  Real Estate Website Design by IDXCentral.com