Tilly Mezger: Professional Realtor- Expert For Lake Tahoe & Truckee

Comparison Chart for January-February 2012 vs. 2011.

As you can see, in almost all cases, the number of units sold went up, but unfortunately, in most, the median price went down.
More sales = less inventory.
Low prices (should) = smart buyers?!

 

  2011 Units 2012 Units % Change 2011 Median Price 2012 Median Price % Change
Tahoe Donner            
Single Family Homes 22 33 50% $460,000 $405,000 -12%
Condos/Townhomes 3 5 67% $149,000 $270,000 81%
             
Truckee (7,8,9) up to $1M            
Single Family Homes 63 64 2% $400,000 $367,282 -8%
Condos/Townhomes 11 15 36% $265,000 $325,000 23%
             
Truckee (7,8,9) $1M +            
Single Family Homes 1 4 300% $2,275,000 $1,762,500 -23%
Condos/Townhomes 2 2 0% $1,412,500 $1,187,500 -16%
             
Serene Lakes Homes 2 2 0% $316,750 $202,500 -36%
             
All of Truckee/Lake Tahoe            
Single Family Homes 92 117 27% $404,000 $370,000 -8%
Condos/Townhomes 30 24 -20% $297,500 $297,000 0%
Information from Tahoe Sierra MLS is deemed reliable but not guaranteed.  Independent verification is recommended.            

Housing Pricing Trends by State

four quarter price change