2021 Starting Strong
In January, new listing activity started to pick up after the typical annual low hit in December, and the number of new listings was significantly higher than in January 2020. Luxury home sales in January 2021 were up a staggering 223% year-over-year.
NORTH TAHOE/TRUCKEE JANUARY* STATS:
- Median Home Sales Price // $940K
- Average Days on Market // 37
- Median Condo Sales Price // $627,500
- Average Days on Market // 53
Interestingly, the rise in home prices is not deterring buyers. In fact, buying is speeding up. Last January about 20% of listed properties sold within 30 days. This January that percentage was around 45%. This correlates with the average time listings spent on the market – 88 days in January 2020 and 42 days in January 2021!
Compare this with the amount, or lack thereof, of homes available to buyers. January of 2020 saw an average of just under 600 homes listed. Last month, only ~300 homes were available – that’s half as many!
Homes are consistently receiving higher offers than ever before and they are flying off the market faster than I’ve ever seen.
This indicates that the value of your home continues to rise. Buyers are looking at your property, hoping to get a piece of Tahoe mountain living.
If you’re wondering about the current value of your home, get in touch today. I will give you a home valuation, at no cost.
Interested in seeing a fraction of Tahoe’s sales first hand?
I would like to extend my utmost gratitude to all my sellers and buyers for the trust they put in me, as well as those Real estate agents I have the pleasure of working with!
*These analysis were formed in good faith with data derived from sources deemed reliable and are subject to revision. All numbers approximate.
Come by and Say Hi!
Accessory Dwelling Units (ADUs) have been a hot talking point among the Truckee Town Council as they address current housing challenges. Essentially, the Town is making it easier for homeowners to understand land-use requirements, and they have set up an incentive package for new ADUs.
Home sellers who hire professional stagers sell their homes faster and for more money. Why? Staging your home shows it in its best light, and it helps shoppers envision themselves living there. First impressions are everything when selling. Read more about the benefits and costs, and how I can get you fronted for the cost of home staging.
Increase the value of your home over the weekend with these eight simple projects.
Buyers respond to certain home elements, like neutral paint colors, modern hardware, updated window treatments, and even LED lighting. Knock out these projects over the winter and get more for your property.
March Event Calendar
- March 4-6 | Polar Pioneer, Robert Swan Live Talk
- March 5 | Sunset Snowshoe Tour
- March 6 | Disco Snow Tubing at Squaw Valley
- March 9 | Good Morning Truckee
- March 14 | Daylight Savings Time – Spring forward!
- March 17 | St. Patrick’s Day
- March 20 | First Day of Spring March 21-27 | View Nisenan Art