Lake Tahoe real estate: Truckee market sees solid first quarter growth
TAHOE CITY, Calif. — The 2016 Lake Tahoe real estate market started strong as favorable winter conditions have piqued Tahoe real estate interest.
In our 2016 first quarter market report, all micro-regions analyzed showed a year over year increase in median price. Four of the five markets saw an increase or flat trends to number of units sold; however, all markets showed sales volume within the top four best years since 2006.
Truckee saw the most growth with a 45 percent increase in number of units sold in Q1 year over year, making it the highest sales volume in over 10 years, along with a 12 percent increase in median price.
“With snowfall above average for the season and Lake Tahoe’s water level nearing its natural rim, we are excited to see the significant impact on the Q1 real estate market, “ says Bill Dietz, president of Real Estate at Tahoe Luxury Properties. “We are optimistic this trend will continue into the summer, when the lake level will once again accommodate summer attractions that draw both tourism and interest to the area.”
Visit bit.ly/1Wo78Ef to view the first quarter report from Tahoe Luxury Properties, which gathers its statistics from both the Tahoe Sierra MLS and Incline Village MLS.
This article was provided by Tahoe Luxury Properties, a full-service real estate company specializing in real estate sales and premier vacation rentals in the Lake Tahoe region. Visit tluxp.com to learn more.