Archive for the ‘Lake Tahoe Real Estate’ Tag
A quiet ski at Donner Lake
There are lots of statistics to analyze what happened in the Tahoe-Truckee Real Estate Market last year but these are the most important:
The last time we saw a year with this many real estate sales in the Truckee-Tahoe area was 2004.
There were 16% more sales in 2012 than in 2011.
The median real estate sales price went up 1.5% last year from $399,000 in 2011 to $405,000 in 2012.
The average price went up 12% last year from $535,460 in 2011 to $600,806 in 2012. Much of this increase was due to a whopping 32% increase in the sale of properties over $1,000,000 in 2012. On the other end of the market, there were also fewer distressed sales (REO’s or short sales).
The end of the year inventory of homes on the market was down 29% from a year ago.
What does it mean: Finally, after the market has taken it in the shorts for a few years, sales are increasing and prices are beginning to increase. There is an old saying about the real estate market. You never know when you’ve reached the bottom of a downturn until it has already started going back up. Guess what, it has started going back up. But there are still great values out there and interest rates are fabulous.
Interested in what is going on your neck of the woods? Let me know, I can give you the latest sales information for your specific area. If you want to look at the numbers please click on the “market stats” line above my photo.
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Interested in the latest sales activity for the Lake Tahoe and Truckee area? We’ve just added a seperate page on the blog titled ‘North Lake Tahoe-Truckee Real Estate Stats’. This page will be your location for the latest sales information in a readable format.
Use this link below to go directly to it:
https://yourfriendinhighplaces.wordpress.com/north-lake-tahoe-truckee-real-estate-market-stats/
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Welcome to my updated blog! I hope the new format will make it easier for you to find pertinent information about North Lake Tahoe, ”The Magical West Shore’, Truckee, Donner Lake and Donner Summit. Visit the links to the left to explore the North Lake Tahoe area that USA Today voted the best lake in the country. You can also use the links to help you plan your trip. Come up for a visit, and when you fall in love with the area, I’ll be here to help you find your perfect new home or vacation hideaway.
The seasons are changing, and the glory of Fall at Lake Tahoe is one of the areas best kept secrets. Gone are the summer crowds, unaware of the spectacular show they are missing. With aspen groves dressed in their most brilliant hues of shimmering gold against the backdrop of crisp blue skies and a nip in the air, it’s the perfect time for a bike ride or stroll along the areas many bike trails.
Lake Tahoe and Truckee abound in bike trails, perfect for a ride or a leisurely stroll.
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Though it’s near the end of the spawning season, there is still time to visit Taylor Creek to see the Kokanee salmon and the stream profile chamber, where you can view a slice of the stream bed through the glass of the partially below ground facility. Wander through the grounds, but do keep a look out for bears fattening up for the winter on the abundance of fish along the creek’s shores.
Kokanee salmon spawning in Taylor Creek, CA
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Come up and see for yourself what locals have known about for years. The Splendor of Fall in the Mountains
And do plan for changing weather, as winter can make an unannounced and early appearance on a whim- only to be followed soon thereafter back to the lovely days of a typical Tahoe Indian Summer.
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The Truckee River, Truckee, CA
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Share this: Lynn Richardson, Your Friend in High Places
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