TAHOE/TRUCKEE
December is a slow month for many real estate markets in Northern California, but in our Tahoe/Truckee region it means increased sales activity as visitors – many from the Bay Area – travel to snow country and start negotiations on a second home or condominium. Such activity helped the region close out a super-strong fourth quarter marked by rising sales, particularly in the Tahoe Donner community and areas close to Lake Tahoe.
Tahoe/Truckee is predominantly a second-home market, and properties priced under $600,000 were seen as great values and received multiple offers. Sellers generally received their asking prices, a marked improvement from a year ago. The supply of available homes, meanwhile, tightened considerably in the quarter.
Looking Forward: For all the interest in Tahoe/Truckee homes during the winter months, sales activity will sharply increase as the snow melts and late spring brings numerous new listings to the marketplace.
