• Home
  • About Laura Allen, Broker Associate | Tahoe Real Estate Professional, Advisor, Agent CA RE# 01473598
  • Search Tahoe Homes
  • Search Tahoe Condos
  • Communities
  • Buyers
  • Sellers
  • Contact
  • 530-414-1260

Lake Tahoe - Truckee, CA Real Estate for Sale

North Lake Tahoe - Truckee Market Report

North Lake Tahoe – Truckee Condo Values | Market Report Mid -Year 2020

July 23, 2020 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

North Lake Tahoe – Truckee Condo Values | Market Report Mid -Year 2020

North Lake Tahoe - Truckee Condo Values | Market Report Mid -Year 2020Here is your mid-year Tahoe real estate review for the North Lake Tahoe – Truckee region for condos and townhouses sold.

It is important to note that the data is for the cumulative first six months of 2020.

Due to the COVID-19 interruption, we have had a change in market conditions.

Prior to the COVID-19 shut-down in Mid-March 2020, the Tahoe market was just starting to wake up from one of our slowest selling seasons – our winter months when everything came to an immediate stop.

Out current Tahoe real estate market conditions are significantly different today, and strongly favor sellers as of the date of this post.

Buyers and Sellers that are looking to do a transaction in our area are advised to get the most current market data for the past 30-60 days and to talk with a local real estate professional as the year-to-date numbers may not be really reflective of the current market conditions.

The mid-year update for the North Lake Tahoe – Truckee condominium/townhouse market is strong and there is good Buyer demand for units. 

Ready to dig into the data and details?

Here is the mid-year 2020 condo/townhouse review for the entire region.  

You can see that the over-all North Lake Tahoe – Truckee condo/townhome price chart below values continue to be moving up.

You will also see on that chart that the North Lake Tahoe – Truckee regional condo/townhome prices for the mid-year 2020 are up  +4.8% for 2020 when compared to the entire previous year. 

Condos/townhouses closed a median average sales price of $450,500 (MLS Areas 1-9). North Lake Tahoe - Truckee Condo Values | Market Report Mid -Year 2020 Important Reader Note:  As an FYI, past North Lake Tahoe – Truckee real estate market reports that I have produced have been for “All MLS Areas”, this report has been fine-tuned and only covers the MLS Areas 1-9 (immediate North Lake Tahoe – Truckee area), so if you are looking at older reports and comparing numbers you will notice that the numbers are different, and this change in reporting data is why they are not the same.

A common question I am often asked by Buyers and Sellers is:

“What percentage of the listed price are Sellers getting on their Tahoe property?”

For mid-year 2020, Condo/Townhouse Sellers realized 98.5% of the listed price to the sold average median sales price in the North Lake Tahoe – Truckee area (MLS Areas 1-9).  

What does this mean for Buyers and Sellers? 

In everyday terms, this means Sellers are still getting close to their full asking price.

It is important to also look at the current market conditions since the COVID-19 virus altered the markets. 

Active inventory levels remain critically low.  On January 1, 2020, there were 119 condos/townhomes for sale, on July 23, 2020, there were still only 119 condos/townhomes for sale – unchanged.

What happened to the seasonal increase?  If we are still at January levels when seasonally we should be at peak unit levels for sale, which tells us inventory levels are not favoring Buyers.

An example of how different the first cumulative six month results are to just the past forty-three (43) days (beginning of June 2020) you can be seen the change in the days on market as a measurement tool.

Looking at a much shorter time period, for those units listed for sale since June 1, 2020 (past 43 days), that have either sold or are currently sale pending, the number of days for new listings on market is currently at fifteen (15) days. 

This shows the extreme comparison from current marketing time at an average of fifteen (15) days on market compared to the cumulative number for the past six months of sixty-eight (68) days on the market.

An increase in multiple offers, combination with critically low inventory levels, puts Sellers in a very strong position.  Buyers are being pushed to make immediate decisions on new listings as they hit the market – buy, or to not buy now.

Search all North Lake Tahoe – Truckee Properties (homes, condos, and lots) by Map Here:

North Lake Tahoe – Truckee Condo Values | Market Report – Mid-Year 2020 

Period:  01-01-2020 to 06-30-2020| MLS Areas 1-9

  • Number of Condos/Townhomes Sold in North Lake Tahoe – Truckee: 116
  • Median Average Sold Sales Price for North Lake Tahoe – Truckee: $450,500
  • Average Sold Sales Price in North Lake Tahoe – Truckee: $629,583
  • Sold Price Range in North Lake Tahoe – Truckee:  $123,000 – $4,075,000
  • Percent (%) List to Sold Price Ratio:  98.5%
  • Average Days on Market (DOM in MLS):  68 DOM
  • Number of Active and Available Condos/Townhomes in North Lake Tahoe – Truckee as of 07-23-2020:  119 (TSMLS areas 1-9)
  • Pending Condo/Townhome Sales in North Lake Tahoe – Truckee as of 07-23-2020: 78
  • Number of Distressed Condos Sold:  0%  Zero (0) | Zero (0) court approval | Zero (0) Short Sales | Zero (0) REO/Bank Foreclosure

Historically, our available condos/townhomes for sale inventory levels are at their highest levels during our summer months, but that is not the case this year.

For the entire area, we continue to have extremely low condo/townhouse inventory levels, which means prices will continue to have support, or move higher as Buyer demand continues to be strong.

Here are the condos/townhouses for sale in the North Lake Tahoe area, all price points starting with the lowest price first.

For those focused on the Truckee area, here are condos/townhouses for sale in the greater Truckee area – all price points starting with the lowest price first:

Do you want more long-term North Lake Tahoe – Truckee real estate data? 

Check out the following table that has a lot of data going back over ten years. 

Both the average median sales price and average sales price (in some cases there is a significant difference between the two, but the market trends are the same direction for both) are included for each year. 

North Lake Tahoe – Truckee Regional Sold Condo | Townhome MLS Areas 1-9 | 01/01/2020 – 06/30/2020 (This table is best viewed on a laptop, desktop, or a device with a larger screen.)

  Year   Condos Sold Median Average Sales Price Average Sales Price   DOM   Lowest Price Sold Highest Price Sold % Cash Sales %  Distressed Sales Breakdown of distressed Sales
2020 116 $450,500 $629,583 68 $123,000 $4,075,000 47.4% 0% 0 REO’s 0 Short Sales 0 Court Approval
2019 353 $430,000 $558,190 88 $60,000 $2,861,000 43.1% 0% 0 REO’s 0 Short Sales 0 Court Approval
2018 327 $449,500 $601,806 99 $87,500 $4,400,000 48.6% 0.6% 1 REO’s 0 Short Sales 1 Court Approval
2017 406 $420,000 $543,546 102 $75,000 $4,650,000 42% 0.98% 3 REO’s 1 Short Sales 0 Court Approval
2016 357 $375,000 $499,740 117 $71,000 $2,650,000 48% 0.8% 1 REO’s 1 Short Sales 1 Court Approval
2015 265 $370,000 $505,466 106 $32,500 $3,100,000   47% 2.8% 4 REO’s 3 Short Sales 1 Court Approval
2014 308 $381,250 $583,064 121 $47,500 $4,800,000   48% 4.9% 5 REO’s 10 Short Sales 0 Court Approval
2013 308 $360,000 $556,041 160 $48,000 $4,560,000   50% 12% 12 REO’s 24 Short Sales 2 Court Approval
2012 290 $290,000 $435,350 150 $40,000 $3,900,000   51% 23% 38 REO’s 28 Short Sales 2 Court Approval
2011 254 $296,250 $385,349 148 $49,000 $3,800,000   56% 33%  40 REO’s 44 Short Sales 0 Court Approval
2010 259 $333,250 $523,031 167 $46,000 $3,650,000 54% 36%  62 REO’s  31 Short Sales 1 Court Approval
2009 180 $374,500 $505,979 272 $98,000 $3,240,000 48% 26% 40 REO’s 7 Short Sales 0 Court Approval
2008 166 $534,500 $864,009 200 $110,000 $3,818,738 40% 2.4% 4 REO’s 0 Short Sales 0 Court Approval
2007 232 $555,000 $817,325 149 $92,000 $3,705,000 27% 0% 0 REO’s 0 Short Sales 0 Court Approval
2006 247 $576,000 $855,797 116 $150,000 $4,575,000   20% 0% 0 REO’s 0 Short Sales 0 Court Approval

REO= Real Estate Owned, which is the name banks use for their bank foreclosed properties.

Short Sales = Owner does not have the money to pay off all of the debt and asks the debt holders to take less back in order to close the sale.

*YTD period is 01/01/2020 – 06/30/2020

Data Source: Tahoe Sierra Multiple Listing Service (TSMLS).  Year-to-date summaries are based on information from the Tahoe Sierra Board of Realtors (TSMLS). 

Due to TSMLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Laura Allen, or Coldwell Banker Realty does not guarantee the data’s accuracy.

Data maintained by the TSMLS’s may not reflect all real estate activity in the market. All information is deemed to be reliable, but is subject to change, modification, and/or correction without prior notice.

If your property is currently listed for sale, or you have an active Buyer Representation Agreement, this is not intended as a solicitation. Other items of interest: 

Currently we have some of the most impressive North Lake Tahoe – Truckee luxury condos and townhomes on the market.  

The demand for our luxury mountain condos and townhomes in the North Lake Tahoe – Truckee area continues to be very strong. 

North Lake Tahoe Luxury Condos/Townhomes

Truckee Luxury Condos

 

Search by community:

  • Kings Beach Condos for Sale
  • Kings Beach Condos for Sale in a Lakefront Development
  • Kings Beach Homes for Sale
  • Kings Beach Lakefront Homes for Sale
  • Tahoe Vista Condos for Sale
  • Tahoe Vista Condos for Sale in a Lakefront Development
  • Tahoe Vista Homes for Sale
  • Tahoe Vista Lakefront Homes for Sale
  • Carnelian Bay Condos for Sale
  • Carnelian Bay Homes for Sale
  • Carnelian Bay Lakefront Homes for Sale
  • Tahoe City Condos for Sale
  • Tahoe City Homes for Sale
  • Tahoe City Lakefront Homes for Sale
  • Homewood Condos for Sale
  • Homewood Homes for Sale
  • Homewood Lakefront Homes for Sale
  • Tahoma Condos for Sale
  • Tahoma Homes for Sale
  • Tahoma Lakefront Homes for Sale
  • Lake Tahoe Lakefront Homes for Sale
  • North Shore Lake Tahoe Homes for Sale
  • West Shore Lake Tahoe Homes for Sale
  •  
  • Tahoe Donner Homes for Sale
  • Tahoe Donner Condos for Sale
  • Northstar Homes for Sale
  • Northstar Condos for Sale
  • Grays Crossing Homes for Sale
  • Grays Crossing Townhomes for Sale
  • Lahontan Homes for Sale
  • Schaffer’s Mill Homes for Sale
  • Schaffer’s Mill Townhomes for Sale
  • Martis Camp Homes for Sale
  • Truckee Homes for Sale
  • Truckee Condos for Sale

North Lake Tahoe and the Truckee area by price range here:

  • North Lake Tahoe Condos for Sale under $100,000 
  • North Lake Tahoe Condos for Sale under $200,000 
  • North Lake Tahoe Condos for Sale under $300,000  
  • North Lake Tahoe Condos for Sale under $400,000  
  • North Lake Tahoe Condos for Sale under $500,000  
  • North Lake Tahoe Condos for Sale under $600,000  
  • North Lake Tahoe Condos for Sale under $700,000   
  • North Lake Tahoe Condos for Sale under $800,000  
  • North Lake Tahoe Condos for Sale under $900,000  
  • North Lake Tahoe Condos for Sale under $1 million   
  • North Lake Tahoe Luxury Condos for Sale 
  • Truckee Condos for Sale under $100,000 
  • Truckee Condos for Sale under $200,000 
  • Truckee Condos for Sale under $300,000 
  • Truckee Condos for Sale under $400,000 
  • Truckee Condos for Sale under $500,000 
  • Truckee Condos for Sale under $600,000 
  • Truckee Condos for Sale under $700,000 
  • Truckee Condos for Sale under $800,000 
  • Truckee Condos for Sale under $900,000 
  • Truckee Condos for Sale under $1 million 
  • Truckee Luxury Condos for Sale 
Want to review older regional condo/townhouse market reports?
North Lake Tahoe – Truckee Condo Values | Market Report – Mid-Year 2020
North Lake Tahoe – Truckee Condo Values | Market Report – Year-End 2019
North Lake Tahoe – Truckee Condo Values | Market Report – Year-End 2018
North Lake Tahoe – Truckee Condo Values | Market Report – Mid Year 2018
North Lake Tahoe – Truckee Condo Values | Market Report – 2017 
 
Want to know what happened in the single-family market for the region? 
North Lake Tahoe – Truckee Home Values | Market Report – Mid-Year 2020
North Lake Tahoe – Truckee Home Values | Market Report – Year End 2019
North Lake Tahoe – Truckee Home Values | Market Report – Year End 2018
North Lake Tahoe – Truckee Home Values | Market Report – Mid Year 2018
North Lake Tahoe – Truckee Home Values | Market Report – 2017
 
When you’re ready to buy, or sell in the North Lake Tahoe – Truckee Region, call Laura Allen,  530.414.1260, with Coldwell Banker one of the top real estate brokerages in the Lake Tahoe – Truckee region!
 
For all of your Tahoe real estate needs –
Laura A. Allen | 530.414.1260  | Laura@TahoeLaura.com
BROKER ASSOCIATE, Tahoe Real Estate Agent CalRE# 01473598
Coldwell Banker, Tahoe City – Truckee, CA
 
All information is deemed reliable, but is subject to change, and/or correction without notice.

North Lake Tahoe – Truckee Condo Values | Market Report Mid -Year 2020

North Lake Tahoe – Truckee Home Values | Market Report Mid-Year 2020

July 16, 2020 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

North Lake Tahoe – Truckee Home Values | Market Report Mid-Year 2020

North Lake Tahoe - Truckee Home Values | Market Report Mid-Year 2020Here is your mid-year Tahoe real estate review for the North Lake Tahoe – Truckee region for single-family homes sold.

It is important to note that the numbers are for the cumulative first six months of 2020, but due to the COVID-19 interruption, we do have a tale of two very different markets.

Prior to the COVID-19 shut down in Mid-March, the Tahoe market was just starting to wake up from one of our slowest selling seasons – our winter months, when everything came to an immediate stop.

Out current Tahoe real estate market conditions are significantly different and strongly favor sellers as of the date of this post.

Buyers and Sellers that are looking to do a transaction in our area are advised to get the most current market data for the past 30-60 days as the year-to-date numbers may not be really reflective of the current market conditions. 

The mid-year sold prices for single-family homes continue to show a small decrease over 2019 price levels for the first six (6) months of 2020, but short-term pricing has moved above the 2019 pricing levels.  

Active inventory levels are critically low.  On January 1, 2020, there were 291 homes for sale, on July 16, 2020, there were only 163 homes for sale.  A decrease of 44% in available properties for sale. 

Another example of how different the first cumulative six month results are to just the past thirty days can be seen in the days on market measurement tool for newly listed homes that have come on the market since June 1, 2020.

Looking at a much shorter time period, for those homes listed for sale since June 1, 2020, that have either sold or are currently sale pending the number of days for new listings on market is currently at eight (8) days. 

This shows the extreme comparison from current marketing time at an average of eight days on market to the cumulative number for the past six months of 76 days on the market, which takes into account older listings that have lingered on the market prior to the COVID-19 interruption.

You can see on the graph below that the over-all homes sold price trend continues to move up from the market bottom in 2011-2012 but is down slightly from 2019 for the first six months of 2020.

North Lake Tahoe - Truckee Home Values | Market Report Mid-Year 2020

The North Lake Tahoe – Truckee regional single-family home prices are down -2.4% for 2020, with a median average sales price of $724,250 (TSMLS Areas 1-9).

However, if you look at the median average homes sold price for just the month of June 2020, the median average sold price is at $826,250, significantly higher than the year-to-date average of $724,250, and well above the 2019 average median home sold sales price of $745,000. 

Again, the reduction in the number of days on the market beginning in June 2020, along with an increase in price for the month of June, really shows the shift in the Tahoe market towards Sellers.

A common question I am often asked by Buyers and Sellers is:

  • “What percentage of the listed price are Sellers getting on their Tahoe property?”

In 2020, Sellers realized 98.7% of their listed price to the sold average median sales price in the North Lake Tahoe – Truckee area (MLS Areas 1-9).  

Again, the six-month numbers are not necessarily reflecting current market conditions.

Since COVID-19 began, looking at homes that were listed for sale as of June 1, 2020, that have closed, that list-to-sale percentage is at 100.5%

All three of these indicators, along with the absorption rate are why there are a number of multiple offer situations, shorter days on market, and little to no inventory available.  

Absorption Rate:  Another market indication is the current absorption rate which is a measurement of recent sales (30 day period of time) when compared to the current inventory levels. This rate indicates if the market is favoring sellers, buyers, or is neutral.

  • The current absorption rate for the entire Tahoe-Truckee Region as of 07/03/2020  is in a Sellers’ Market at 1.2 months of inventory (below 5 months of homes for sale is considered a Sellers’ Market), which is a drop of almost 4 months from last month (May 2020) for the entire region. 

  • This is the most severe Sellers’ market I have seen in our area for the past fifteen years!    

Buyer Tips:  

  • Showings | Virtual Tours – Use virtual tours when they are provided!  If you don’t see a link, ask your agent for one.  Many have them, but they don’t show up in the listing information.  Look at properties as soon as they hit the market – in person, or by video conference call with your agent.
  • Local Agents – Work with a local Tahoe real estate agent.   They know the current market conditions and can help with video calls and get you critical information.
  • Negotiate – Ask your Tahoe real estate agent for their advice and recommendations on how to negotiate and present your offer.  Multiple offers are now common and you need to be prepared to craft your offer to meet these new market conditions.
  • Lenders – If your offer includes getting a loan, make sure your lender has pre-approved you.  Ask your lender the following questions:
    • Can they get your loan through underwriting in 21 days or less?
    • Can they get your appraisal done in 21 days or less? 
    • Can they fund and close in about 30 days or less?
  • Local Lenders – If you are buying a condo or townhome in the area and you will need a loan, make sure you do the following:
    • Use a local lender that has recently processed a loan in that specific complex.
    • Using a local lender that has recently approved that development will help you meet your contract deadlines and avoid a lender denial on the complex. 
    • The Sellers’ Agent will give your offer more credit as a qualified buyer for knowing your lender is ready to go on the property.

Search all North Lake Tahoe – Truckee Properties (homes, condos, and lots) by Map Here:

North Lake Tahoe – Truckee Home Values | Market Report Mid-Year 2020 Summary:

Mid-Year 2020 | MLS Areas 1-9

  • Number of Homes Sold in North Lake Tahoe – Truckee: 442
  • Median Average Sold Sales Price for North Lake Tahoe – Truckee: $724,250
  • Average Sold Sales Price in North Lake Tahoe – Truckee: $1,080,082
  • Sold Price Range in North Lake Tahoe – Truckee:  $195,000 – $9.5 Million
  • Percent (%) List to Sold Price Ratio:  98.7%
  • Average Days on Market (DOM in MLS):  76 DOM
  • Number of Active and Available Homes for Sale in North Lake Tahoe – Truckee as of 07-16-2020:  163 (TSMLS Areas 1-9)
  • Pending Home Sales in North Lake Tahoe – Truckee as of 01-01-2020: 286
  • Number of Distressed Homes Sold: – Court Approval, Short Sales, or REO Bank Foreclosures in North Lake Tahoe – Truckee:  0.90%  Total Four (4) Court Approval, one (1) Short Sale, one (1) REO|Bank Foreclosures (MLS Areas 1-9) two (2)

Here are the homes for sale in the greater North Lake Tahoe starting with the least expensive price point:

Here are the homes that are Currently for Sale in the greater Truckee area starting with the least expensive price points:

If you already own a home in the Tahoe area and want to know what is your property is now worth, call me, Laura Allen,  530.414.1260, for a confidential consultation.

If you want more long-term North Lake Tahoe – Truckee real estate data, check out the following table that has a lot of data going back over ten years.

I’ve included both the average median sales price and average sales price (in some cases there is a significant difference between the two, but the trends are the same direction for both) are included for each year in the following table. 

North Lake Tahoe – Truckee Regional Sold Single Family Homes MLS Areas 1-9 | 01/01/2020 – 06/30/2020

(This table is best viewed on a laptop, desktop, or a device with a larger screen.)

 

Year

 

Homes

Sold

Median

Average

Sales Price

Average

Sales

Price

 

DOM

 

Lowest

Price

Sold

Highest

Price

Sold

%

Cash

Sales

% 

Distressed

Sales

Breakdown

of

distressed

Sales

2020

442

$724,250

$1,080,082

76

$195,000

$9,500,000

31%

0.90%

2 REO’s

1 Short Sales

1 Court Approval

2019

1,039

$745,000

$1,126,433

67

$80,000

$37,000,000

31%

0.96%

2 REO’s

2 Short Sales

5 Court Approval

2018

1,083

$721,000

$1,238,011

66

$175,000

$40,000,000

33%

1.2%

8 REO’s

0 Short Sales

5 Court Approval

2017

1,160

$671,000

$1,007,618

75

$138,000

$15,000,000

29%

2%

15 REO’s

2 Short Sales

6 Court Approval

2016

1,104

$619,706

$985,471

90

$192,000

$17,500,000

29%

2.5%

13 REO’s

11 Short Sales

3 Court Approval

2015

1,002

$556,250

$847,261

97

$99,500

$9,950,000

 

30%

3,3%

15 REO’s

18 Short Sales

1 Court Approval

2014

930

$575,500

$928,718

92

$76,000

$14,000,000

 

33.8%

5.6%

24 REO’s

25 Short Sales

3 Court Approval

2013

1,051

$510,000

$723,767

89

$72,000

$9,495,000

 

28%

11.3%

47 REO’s

71 Short Sales

1 Court Approval

2012

1,044

$442,500

$666,855

115

$76,000

$17,250,000

32%

27.4%

139 REO’s

145 Short Sales

2 Court Approval

2011

883

$438,000

$603,539

115

$42,500

$6,450,000

 

33.5%

31%

 136 REO’s

135 Short Sales

3 Court Approval

2010

797

$478,000

$715,847

116

$106,500

$12,400,000

29.9%

29.2%

 127 REO’s

 102 Short Sales

4 Court Approval

2009

728

$531,500

$687,447

120

$75,000

$6,288,000

28%

24.7%

96 REO’s

82 Short Sales

2 Court Approval

2008

569

$625,000

$876,360

129

$115,000

$20,000,000

20.4%

0.19%

1 REO’s

0 Short Sales

0 Court Approval

2007

632

$672,250

$913,346

120

$199,000

$12,500,000

16.1%

0%

0 REO’s

0 Short Sales

0 Court Approval

2006

734

$706,250

$922,328

94

$107,500

$16,700,000

13.8%

0%

0 REO’s

0 Short Sales

0 Court Approval

REO’s = Real Estate Owned, which is the name banks use for their bank foreclosed properties.

Short Sales = The owner does not have the money to pay off all of the debt and asks the debt holders to take less back in order to close the sale.

*YTD period is 01/01/2020 – 06-30-2020.

Data Source: Tahoe Sierra Multiple Listing Service (TSMLS). 

Year-to-date summaries are based on information from the Tahoe Sierra Board of Realtors (TSMLS). Due to TSMLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Laura Allen, or Coldwell Banker Realty does not guarantee the data’s accuracy.

Data maintained by the TSMLS’s may not reflect all real estate activity in the market, or include private off-market sales. All information is deemed to be reliable but is subject to change, modification, and/or correction without prior notice. If your property is currently listed for sale, or you have an active Buyer Representation Agreement, this is not intended as a solicitation.

Other Items of Interest:  One trend that continues on, despite the popularity of other newer areas and planned communities like Martis Camp, Lahontan, Gray’s Crossing, Schaffer’s Mill and Tahoe Donner.    

So far in 2020, we have not seen the lakefront highs that we did in 2018, and 2019, but the recent $32 million estate just listed in Homewood, would certainly put us back on mega-millions lakefront sales track!

While the inventory of lakefront properties is extremely limited, currently we have some homes on the market North Lake Tahoe lakefront homes.

The demand for executive mountain homes in the Truckee area continues to be strong with Martis Camp leading the way! 

The highest price property sold so far in 2020 was in Martis Camp.  It was an impressive $9.5 million home giving luxury buyers a number of locations in the North Lake Tahoe – Truckee area.

Looking to buy?  Search Homes for Sale in North Lake Tahoe and the Truckee area (below) by price range here:

  • North Lake Tahoe Homes for Sale under $300,000
  • North Lake Tahoe Homes for Sale under $400,000 
  • North Lake Tahoe Homes for Sale under $500,000 
  • North Lake Tahoe Homes for Sale under $600,000 
  • North Lake Tahoe Homes for Sale under $700,000 
  • North Lake Tahoe Homes for Sale under $800,000 
  • North Lake Tahoe Homes for Sale under $900,000 
  • North Lake Tahoe Homes for Sale under $1 million  
  • North Lake Tahoe Luxury Homes for Sale 
  • Truckee Homes for Sale under $300,000 
  • Truckee Homes for Sale under $400,000 
  • Truckee Homes for Sale under $500,000 
  • Truckee Homes for Sale under $600,000 
  • Truckee Homes for Sale under $700,000 
  • Truckee Homes for Sale under $800,000 
  • Truckee Homes for Sale under $900,000 
  • Truckee Homes for Sale under $1 million 
  • Truckee Luxury Homes for Sale 
Want to know what is going on in the North Lake Tahoe – Truckee Condo / Townhouse market?
  • North Lake Tahoe – Truckee Condo Townhome Values | Market Report – Mid Year 2020
  • North Lake Tahoe – Truckee Condo Townhome Values | Market Report – Year End 2019
  • North Lake Tahoe – Truckee Condo Townhome Values | Market Report – Year End 2018
  • North Lake Tahoe – Truckee Condo Townhome Values | Market Report – Mid Year 2018
  • North Lake Tahoe – Truckee Condo Townhome Values | Market Report – 2017
 
Want to review older regional single-family home market reports? 
  • North Lake Tahoe – Truckee Home Values | Market Report – Mid Year 2020
  • North Lake Tahoe – Truckee Home Values | Market Report – Year End 2019
  • North Lake Tahoe – Truckee Home Values | Market Report – Year End 2018
  • North Lake Tahoe – Truckee Home Values | Market Report – Mid Year 2018
  • North Lake Tahoe – Truckee Home Values | Market Report – 2017
When you’re ready to buy, or sell in the North Lake Tahoe – Truckee Region, call Laura Allen,  530.414.1260 affiliated with Coldwell Banker, one of the top real estate brokerage in the Lake Tahoe – Truckee region!  
 
For all of your Tahoe real estate needs –
Laura A. Allen | 530.414.1260  | Laura@TahoeLaura.com
BROKER ASSOCIATE, Tahoe Real Estate Agent CalRE# 01473598
Coldwell Banker, Tahoe City – Truckee, CA
All information is deemed reliable but is subject to change, and/or correction without notice.
North Lake Tahoe – Truckee Home Values | Market Report Mid-Year 2020

North Lake Tahoe – Truckee Condo Values | Market Report – Year End 2019

January 18, 2020 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

North Lake Tahoe – Truckee Condo Values | Market Report – Year End 2019

North Lake Tahoe - Truckee Condo Values | Market Report - Year End 2019The North Lake Tahoe – Truckee condominium/townhouse market remains strong with good demand with an increase in the number of transactions for 2019. 

The region did see the average median sold sales price in 2019 drop by 4.3%.

Ready to dig into the data and details?

Here is the year-end 2019 condo/townhouse review for the region.  

You can see that the over-all North Lake Tahoe – Truckee condo/townhome price trend is moving up, but it hasn’t been a steady climb.  Up one year, then slightly down the next.

You will see on the graph below that the North Lake Tahoe – Truckee regional condo/townhome prices are down -4.3% for 2019 when compared to the previous year. 

Condos/townhouses closed a median average sales price of $430,000 (MLS Areas 1-9).

North Lake Tahoe - Truckee Condo Values | Market Report - Year End 2019

Important Reader Note:  As an FYI, past North Lake Tahoe – Truckee real estate market reports that I have produced have been for “All MLS Areas”, this report has been fine-tuned and only covers the MLS Areas 1-9 (immediate North Lake Tahoe – Truckee area), so if you are looking at older reports and comparing numbers you will notice that the numbers are different, and this change in reporting data is why they are not the same.

A common question I am often asked by Buyers and Sellers is:

“What percentage of the listed price are Sellers getting on their Tahoe property?”

For 2019, Condo/Townhouse Sellers realized 98.9% of the listed price to the sold average median sales price in the North Lake Tahoe – Truckee area (MLS Areas 1-9).  

What does this mean for Buyers and Sellers?  In everyday terms, this means Sellers are still getting close to their full asking price.

Since Sellers are getting close to their full listed prices, Buyers need to understand the most recent sales data in the specific development they are looking to buy into, so they can properly evaluate the property they want to buy.

Search all North Lake Tahoe – Truckee Properties (homes, condos, and lots) by Map Here:

North Lake Tahoe – Truckee Condo Values | Market Report – Year End 2019

Period:  01-01-2019 to 12-31-2019 | MLS Areas 1-9

  • Number of Condos/Townhomes Sold in North Lake Tahoe – Truckee: 353
  • Median Average Sold Sales Price for North Lake Tahoe – Truckee : $430,000
  • Average Sold Sales Price in North Lake Tahoe – Truckee: $558,190
  • Sold Price Range in North Lake Tahoe – Truckee:  $60,000 – $2,861,000
  • Percent (%) List to Sold Price Ratio:  98.9%
  • Average Days on Market (DOM in MLS):  88 DOM
  • Number of Active and Available Condos/Townhomes in North Lake Tahoe – Truckee as of 01-01-2020:  119 (TSMLS areas 1-9)
  • Pending Condo/Townhome Sales in North Lake Tahoe – Truckee as of 01-01-2019: 20
  • Number of Distressed Condos Sold:  0%  Zero (0) | Zero (0) court approval | Zero (0) Short Sales | Zero (0) REO/Bank Foreclosure

Historically, our available condos/townhomes for sale inventory levels are at their highest levels during our summer months.

It isn’t uncommon to see seasonally low levels at the beginning of the year.

The exception to this over-all decline in inventory is an increase in the number of condos and homes for sale located directly around our popular ski resort areas!  

These winter locations are now in their prime selling season during our coldest months and during the winter months is when we often see the best selection of properties!  

For the entire area, we continue to have extremely low condo/townhouse inventory levels, despite the time of year, and that will help to continue to keep prices stable and with upward pricing pressure.

Here are the condos/townhouses for sale in the North Lake Tahoe area, all price points starting with the lowest price first.

Here are condos/townhouses for sale in the greater Truckee area, all price points starting with the lowest price first:

In the ski resort areas like Alpine Meadows,  Squaw Valley and Northstar do have more options, here are the condos for sale in the Squaw Valley area:

Other interesting North Lake Tahoe – Truckee condo/townhouse market observations:

Days on Market (DOM)  For 2019, the number of days on the market for condo/townhouse dropped again and is now at 88 days down 11% from 2018 level, making this the fourth year in a row that marketing times have declined.

The shorter the marketing time for a condo/townhouse, the stronger the market is for Sellers. 

Inventory – Inventory levels are down from the August levels for the North Lake Tahoe-Truckee region.  Another sign that the market may be stronger than the price decline experienced in 2019.

Increased Number of Transactions – Despite lower inventory levels, the slighter lower prices may have turned into more transactions for 2019, as sales increased 8% over 2018 levels for the region. 

If you already own a property in the Tahoe area and want to know what is your property is now worth? Call me call Laura Allen,  530.414.1260, for a confidential consultation.

Do you want more long-term North Lake Tahoe – Truckee real estate data?  Check out the following table that has a lot of data going back over ten years. 

Both the average median sales price and average sales price (in some cases there is a significant difference between the two, but the market trends are the same direction for both) are included for each year. 

North Lake Tahoe – Truckee Regional Sold Condo | Townhome MLS Areas 1-9 | 01/01/2019 – 12/31/2019

(This table is best viewed on a laptop, desktop, or a device with a larger screen.)

 

Year

 

Condos

Sold

Median

Average

Sales Price

Average

Sales

Price

 

DOM

 

Lowest

Price

Sold

Highest

Price

Sold

%

Cash

Sales

% 

Distressed

Sales

Breakdown

of

distressed

Sales

2019 353 $430,000 $558,190 88 $60,000 $2,861,000 43.1% 0% 0 REO’s

0 Short Sales

0 Court Approval

2018 327 $449,500 $601,806 99 $87,500 $4,400,000 48.6% 0.6% 1 REO’s

0 Short Sales

1 Court Approval

2017 406 $420,000 $543,546 102 $75,000 $4,650,000 42% 0.98% 3 REO’s

1 Short Sales

0 Court Approval

2016 357 $375,000 $499,740 117 $71,000 $2,650,000 48% 0.8% 1 REO’s

1 Short Sales

1 Court Approval

2015 265 $370,000 $505,466 106 $32,500 $3,100,000

 

47% 2.8% 4 REO’s

3 Short Sales

1 Court Approval

2014 308 $381,250 $583,064 121 $47,500 $4,800,000

 

48% 4.9% 5 REO’s

10 Short Sales

0 Court Approval

2013 308 $360,000 $556,041 160 $48,000 $4,560,000

 

50% 12% 12 REO’s

24 Short Sales

2 Court Approval

2012 290 $290,000 $435,350 150 $40,000 $3,900,000

 

51% 23% 38 REO’s

28 Short Sales

2 Court Approval

2011 254 $296,250 $385,349 148 $49,000 $3,800,000

 

56% 33%  40 REO’s

44 Short Sales

0 Court Approval

2010 259 $333,250 $523,031 167 $46,000 $3,650,000 54% 36%  62 REO’s

 31 Short Sales

1 Court Approval

2009 180 $374,500 $505,979 272 $98,000 $3,240,000 48% 26% 40 REO’s

7 Short Sales

0 Court Approval

2008 166 $534,500 $864,009 200 $110,000 $3,818,738 40% 2.4% 4 REO’s

0 Short Sales

0 Court Approval

2007 232 $555,000 $817,325 149 $92,000 $3,705,000 27% 0% 0 REO’s

0 Short Sales

0 Court Approval

2006 247 $576,000 $855,797 116 $150,000 $4,575,000

 

20% 0% 0 REO’s

0 Short Sales

0 Court Approval

REO= Real Estate Owned, which is the name banks use for their bank foreclosed properties.

Short Sales = Owner does not have the money to pay off all of the debt and asks the debt holders to take less back in order to close the sale.

*YTD period is 01/01/2019 – 12/31/2019

Data Source: Tahoe Sierra Multiple Listing Service (TSMLS). 

Year-to-date summaries are based on information from the Tahoe Sierra Board of Realtors (TSMLS). 

Due to TSMLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate.

Therefore, Laura Allen, or Coldwell Banker Realty does not guarantee the data’s accuracy.

Data maintained by the TSMLS’s may not reflect all real estate activity in the market. All information is deemed to be reliable, but is subject to change, modification, and/or correction without prior notice.

If your property is currently listed for sale, or you have an active Buyer Representation Agreement, this is not intended as a solicitation.

Other items of interest:  Currently we have some of the most impressive North Lake Tahoe – Truckee luxury condos and townhomes on the market.  The demand for our luxury mountain condos and townhomes in the North Lake Tahoe – Truckee area continues to be very strong. 

North Lake Tahoe Luxury Condos/Townhomes

Truckee Luxury Condos

Need more search options for Condo/Townhouses for Sale in North Lake Tahoe and the Truckee area by price range here:

  • North Lake Tahoe Condos for Sale under $100,000 
  • North Lake Tahoe Condos for Sale under $200,000 
  • North Lake Tahoe Condos for Sale under $300,000  
  • North Lake Tahoe Condos for Sale under $400,000  
  • North Lake Tahoe Condos for Sale under $500,000  
  • North Lake Tahoe Condos for Sale under $600,000  
  • North Lake Tahoe Condos for Sale under $700,000   
  • North Lake Tahoe Condos for Sale under $800,000  
  • North Lake Tahoe Condos for Sale under $900,000  
  • North Lake Tahoe Condos for Sale under $1 million   
  • North Lake Tahoe Luxury Condos for Sale 
  • Truckee Condos for Sale under $100,000 
  • Truckee Condos for Sale under $200,000 
  • Truckee Condos for Sale under $300,000 
  • Truckee Condos for Sale under $400,000 
  • Truckee Condos for Sale under $500,000 
  • Truckee Condos for Sale under $600,000 
  • Truckee Condos for Sale under $700,000 
  • Truckee Condos for Sale under $800,000 
  • Truckee Condos for Sale under $900,000 
  • Truckee Condos for Sale under $1 million 
  • Truckee Luxury Condos for Sale 
Want to review older regional condo/townhouse market reports?
North Lake Tahoe – Truckee Condo values | Market Report – Year-End 2018
North Lake Tahoe – Truckee Condo Values | Market Report – Mid Year 2018
North Lake Tahoe – Truckee Condo Values | Market Report – 2017 
Want to know what happened in the single family market for the region? 
North Lake Tahoe – Truckee Home Values | Market Report – Year End 2019
North Lake Tahoe – Truckee Home Values | Market Report – Year End 2018
North Lake Tahoe – Truckee Home Values | Market Report – Mid Year 2018
North Lake Tahoe – Truckee Home Values | Market Report – 2017
When you’re ready to buy, or sell in the North Lake Tahoe – Truckee Region, call Laura Allen,  530.414.1260, with Coldwell Banker one of the top real estate brokerages in the Lake Tahoe – Truckee region!
For all of your Tahoe real estate needs –

Laura A. Allen | 530.414.1260  | Laura@TahoeLaura.com
BROKER ASSOCIATE, Tahoe Real Estate Agent
CalRE# 01473598
Coldwell Banker, Tahoe City – Truckee, CA

All information is deemed reliable, but is subject to change, and/or correction without notice.

North Lake Tahoe – Truckee Condo Values | Market Report – Year End 2019

North Lake Tahoe – Truckee Home Values | Market Report – Year End 2019

January 17, 2020 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

North Lake Tahoe – Truckee Home Values | Market Report – Year End 2019

North Lake Tahoe - Truckee Home Values | Market Report - Year End 2019The North Lake Tahoe – Truckee single family homes sold prices continue to increase and posted a gain over 2018 price levels.  

Here is the 2019 year-end review for the entire North Lake Tahoe-Truckee Area for single family homes sold.

Active inventory levels for homes for sale remain critically low, and Buyers are finding limited choices at all price points.

Single family home prices moved up in 2019. 

This was the fourth year in a row that the average median home sold sales price increased for the entire North Lake Tahoe – Truckee region. 

You can see on the graph below that the over-all homes sold price trend continues to move up from the market bottom in 2011-2012.  

The closing home sales sold price was at another new market high for the region over last year, which surpassed the 2006 market record level price!

The North Lake Tahoe – Truckee regional single family home prices are up +3.3% for 2019, with a median average sales price of $745,000 (TSMLS Areas 1-9).

Important Reader Note:  As an FYI, past North Lake Tahoe – Truckee real estate market reports that I have produced have been for “All MLS Areas”, this report has been fine-tuned and only covers the TSMLS Areas 1-9 (immediate North Lake Tahoe – Truckee area), so if you are looking at older reports and comparing numbers you will notice that some of the numbers are different, and this change in reporting data is why they are not the same.

A common question I am often asked by Buyers and Sellers is:

  • “What percentage of the listed price are Sellers getting on their Tahoe property?”

In 2019, Sellers realized 99.5% of their listed price to the sold average median sales price in the North Lake Tahoe – Truckee area (MLS Areas 1-9).  

In everyday terms, this means Sellers that correctly price their properties are getting very close to their full asking price.

Tahoe home Buyers that want to negotiate, and start with a low offer are going to have a hard time in this market and will get a lot of resistance from Sellers.  

Buyer Tips:  

  • Showings – Look at properties as soon as they hit the market.
  • Local Agents – Work with a local Tahoe real estate agent.  Market conditions and local expectations are different here than in other California markets.
  • Negotiate – Ask your Tahoe real estate agent for their advice and recommendations on how to negotiate and present your offer.  
  • Lenders – If your offer includes getting a loan, make sure your lender has pre-approved you.  Ask your lender the following questions:
    • Can they get your loan through underwriting in 21 days or less?
    • Can they get your appraisal done in 21 days or less? 
    • Can they fund and close in about 30 days or less?
  • Local Lenders – If you are buying a condo or townhome in the area and you will need a loan, make sure you do the following:
    • Use a local lender that has recently processed a loan in that specific complex.
    • Using a local lender that has recently approved that development will help you meet your contract deadlines and avoid a lender denial on the complex. 
    • The Sellers’ Agent will give your offer more credit as a qualified buyer for knowing your lender is ready to go on the property.

Search all North Lake Tahoe – Truckee Properties (homes, condos, and lots) by Map Here:

North Lake Tahoe – Truckee Home Values | Market Report – Year End 2019 Summary:

Year-End 2019 | MLS Areas 1-9

  • Number of Homes Sold in North Lake Tahoe – Truckee: 1,039
  • Median Average Sold Sales Price for North Lake Tahoe – Truckee: $745,000
  • Average Sold Sales Price in North Lake Tahoe – Truckee: $1,126,433
  • Sold Price Range in North Lake Tahoe – Truckee:  $80,000 – $37 Million
  • Percent (%) List to Sold Price Ratio:  99.5%
  • Average Days on Market (DOM in MLS):  67 DOM
  • Number of Active and Available Homes for Sale in North Lake Tahoe – Truckee as of 01-01-2020:  291 (TSMLS Areas 1-9)
  • Pending Home Sales in North Lake Tahoe – Truckee as of 01-01-2020: 76
  • Number of Distressed Homes Sold: – Court Approval, Short Sales, or REO Bank Foreclosures in North Lake Tahoe – Truckee for Sale for 2019:  0.86%  Five (5) Court Approval, Two (2) Short Sale, Two (2) REO|Bank Foreclosures (MLS Areas 1-9)

Here are the homes for sale in the greater North Lake Tahoe starting with the least expensive price point:

Here are the homes that are for Sale in the greater Truckee area starting with the least expensive price points:

Other interesting North Lake Tahoe – Truckee single family home market observations:

Days on Market (DOM) For 2019 the number of days on the market for single family homes remained almost unchanged at 67 days, up one day from last year, but is still down from the higher levels from previous years.

The shorter the marketing time for a home, the stronger the market is for Sellers. 

Inventory – Inventory levels are down 42.5% from the August 2019 home levels for the North Lake Tahoe-Truckee region to the inventory levels on January 1, 2020.  Again, another sign of the market favoring Sellers.

Reduced Number of Transactions – Lower inventory levels, and higher prices turned into fewer sales for the region. 

Over-all transactions dropped again by over 4% in 2019 over 2018 levels.

If you already own a home in the Tahoe area and want to know what is your property is now worth? Call me, Laura Allen,  530.414.1260, for a confidential consultation.

If you want more long-term North Lake Tahoe – Truckee real estate data, check out the following table that has a lot of data going back over ten years.

I’ve included both the average median sales price and average sales price (in some cases there is a significant difference between the two, but the trends are the same direction for both) are included for each year in the following table. 

North Lake Tahoe – Truckee Regional Sold Single Family Homes MLS Areas 1-9 | 01/01/2019 – 12/31/2019

(This table is best viewed on a laptop, desktop, or a device with a larger screen.)

 

Year

 

Homes

Sold

Median

Average

Sales Price

Average

Sales

Price

 

DOM

 

Lowest

Price

Sold

Highest

Price

Sold

%

Cash

Sales

% 

Distressed

Sales

Breakdown

of

distressed

Sales

2019

1,039

$745,000

$1,126,433

67

$80,000

$37,000,000

31%

0.96%

2 REO’s

2 Short Sales

5 Court Approval

2018

1,083

$721,000

$1,238,011

66

$175,000

$40,000,000

33%

1.2%

8 REO’s

0 Short Sales

5 Court Approval

2017

1,160

$671,000

$1,007,618

75

$138,000

$15,000,000

29%

2%

15 REO’s

2 Short Sales

6 Court Approval

2016

1,104

$619,706

$985,471

90

$192,000

$17,500,000

29%

2.5%

13 REO’s

11 Short Sales

3 Court Approval

2015

1,002

$556,250

$847,261

97

$99,500

$9,950,000

 

30%

3,3%

15 REO’s

18 Short Sales

1 Court Approval

2014

930

$575,500

$928,718

92

$76,000

$14,000,000

 

33.8%

5.6%

24 REO’s

25 Short Sales

3 Court Approval

2013

1,051

$510,000

$723,767

89

$72,000

$9,495,000

 

28%

11.3%

47 REO’s

71 Short Sales

1 Court Approval

2012

1,044

$442,500

$666,855

115

$76,000

$17,250,000

32%

27.4%

139 REO’s

145 Short Sales

2 Court Approval

2011

883

$438,000

$603,539

115

$42,500

$6,450,000

 

33.5%

31%

 136 REO’s

135 Short Sales

3 Court Approval

2010

797

$478,000

$715,847

116

$106,500

$12,400,000

29.9%

29.2%

 127 REO’s

 102 Short Sales

4 Court Approval

2009

728

$531,500

$687,447

120

$75,000

$6,288,000

28%

24.7%

96 REO’s

82 Short Sales

2 Court Approval

2008

569

$625,000

$876,360

129

$115,000

$20,000,000

20.4%

0.19%

1 REO’s

0 Short Sales

0 Court Approval

2007

632

$672,250

$913,346

120

$199,000

$12,500,000

16.1%

0%

0 REO’s

0 Short Sales

0 Court Approval

2006

734

$706,250

$922,328

94

$107,500

$16,700,000

13.8%

0%

0 REO’s

0 Short Sales

0 Court Approval

REO’s = Real Estate Owned, which is the name banks use for their bank foreclosed properties.

Short Sales = The owner does not have the money to pay off all of the debt and asks the debt holders to take less back in order to close the sale.

*YTD period is 01/01/2019 – 12-31-2019.

Data Source: Tahoe Sierra Multiple Listing Service (TSMLS). 

Year-to-date summaries are based on information from the Tahoe Sierra Board of Realtors (TSMLS). Due to TSMLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate.

Therefore, Laura Allen, or Coldwell Banker Realty does not guarantee the data’s accuracy.

Data maintained by the TSMLS’s may not reflect all real estate activity in the market, or include private off-market sales. All information is deemed to be reliable but is subject to change, modification, and/or correction without prior notice.

If your property is currently listed for sale, or you have an active Buyer Representation Agreement, this is not intended as a solicitation.

Other Items of Interest:  One trend that continues on, despite the popularity of other newer areas and planned communities, are the higher price points for North Lake Tahoe lakefront homes. 

This year we did not set a new market high for lakefront sales, but we did come close on the West Shore!

  • We came close to breaking the new market high that was set on the West Shore with a Tahoe City West Shore lakefront home selling in 2018 as a cash sale for $40 million.  In 2019 we had a $37 million, cash lakefront home sale in Tahoe City on the West Shore.
  • Unlike last year with the North Shore having a 22+ million Tahoe City North Lake Tahoe lakefront home sale this year didn’t have another record sale. 

These lakefront sales remind luxury home buyers that the North Lake Tahoe lakefront home market is still the benchmark for the very top-end in sales in the greater North Lake Tahoe – Truckee area.

While the inventory of lakefront properties is extremely limited, currently we have some homes on the market North Lake Tahoe lakefront homes.

The demand for executive mountain homes in the Truckee area continues to be strong with Martis Camp leading the way! 

The highest sold property in Martis Camp was an impressive $13.6 million home giving luxury buyers a number of locations in the North Lake Tahoe – Truckee area.

Looking to buy?  Search Homes for Sale in North Lake Tahoe and the Truckee area (below) by price range here:

  • North Lake Tahoe Homes for Sale under $300,000
  • North Lake Tahoe Homes for Sale under $400,000 
  • North Lake Tahoe Homes for Sale under $500,000 
  • North Lake Tahoe Homes for Sale under $600,000 
  • North Lake Tahoe Homes for Sale under $700,000 
  • North Lake Tahoe Homes for Sale under $800,000 
  • North Lake Tahoe Homes for Sale under $900,000 
  • North Lake Tahoe Homes for Sale under $1 million  
  • North Lake Tahoe Luxury Homes for Sale 
  • Truckee Homes for Sale under $300,000 
  • Truckee Homes for Sale under $400,000 
  • Truckee Homes for Sale under $500,000 
  • Truckee Homes for Sale under $600,000 
  • Truckee Homes for Sale under $700,000 
  • Truckee Homes for Sale under $800,000 
  • Truckee Homes for Sale under $900,000 
  • Truckee Homes for Sale under $1 million 
  • Truckee Luxury Homes for Sale 
Want to know what is going on in the North Lake Tahoe – Truckee Condo / Townhouse market?
  • North Lake Tahoe – Truckee Condo Townhome Values | Market Report – Year End 2019
  • North Lake Tahoe – Truckee Condo Townhome Values | Market Report – Year End 2018
  • North Lake Tahoe – Truckee Condo Townhome Values | Market Report – Mid Year 2018
  • North Lake Tahoe – Truckee Condo Townhome Values | Market Report – 2017
 
Want to review older regional single family home market reports? 
  • North Lake Tahoe – Truckee Home Values | Market Report – Year End 2018
  • North Lake Tahoe – Truckee Home Values | Market Report – Mid Year 2018
  • North Lake Tahoe – Truckee Home Values | Market Report – 2017
When you’re ready to buy, or sell in the North Lake Tahoe – Truckee Region, call Laura Allen,  530.414.1260 affiliated with Coldwell Banker, one of the top real estate brokerage in the Lake Tahoe – Truckee region!  
 
For all of your Tahoe real estate needs –
Laura A. Allen | 530.414.1260  | Laura@TahoeLaura.com
BROKER ASSOCIATE, Tahoe Real Estate Agent CalRE# 01473598
Coldwell Banker, Tahoe City – Truckee, CA
All information is deemed reliable but is subject to change, and/or correction without notice.
North Lake Tahoe – Truckee Home Values | Market Report – Year End 2019

North Lake Tahoe – Truckee Condo Values | Market Report – Year End 2018

January 13, 2019 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

North Lake Tahoe – Truckee Condo Values | Market Report – Year End 2018

North Lake Tahoe - Truckee Condo Values | Market Report - Year End 2018Looking for sold year-end 2018 real estate data for the condo \ townhouse market in the North Lake Tahoe – Truckee area? Here is the year-end 2018 review for the region.  

The North Lake Tahoe – Truckee real estate market conditions continue to improve and favor Sellers. 

You can see that the over-all North Lake Tahoe – Truckee condo/townhome price trend is moving up, which means lower priced condos are harder to find than they were a few years ago.

You will see on the graph below that the North Lake Tahoe – Truckee regional condo/townhome prices are up +7.02% for 2018 when compared to the previous year.  Condos/townhouses closed a median average sales price of $449,500 (MLS Areas 1-9).

North Lake Tahoe - Truckee Condo Values | Market Report - Mid Year 2018

Important Reader Note:  As an FYI, past North Lake Tahoe – Truckee real estate market reports that I have produced have been for “All MLS Areas”, this report has been fine-tuned and only covers the MLS Areas 1-9 (immediate North Lake Tahoe – Truckee area), so if you are looking at older reports and comparing numbers you will notice that the numbers are different, and this change in reporting data is why they are not the same.

North Lake Tahoe - Truckee Condo Values | Market Report - Year End 2018

A common question I am often asked by Buyers and Sellers is:

“What percentage of the listed price are Sellers getting on their Tahoe property?”

For 2018, Sellers realized 97.9% of the listed price to

 the sold average median sales price in the North Lake Tahoe – Truckee area (MLS Areas 1-9).  

In every day terms this means Sellers are still getting close to their full asking price, and Buyers that want to low-ball properties are not being very successful.

North Lake Tahoe – Truckee Condo Values | Market Report – Year End 2018

2018 YTD Period:  01-01-2018 to 12-31-2018 MLS Areas 1-9

  • Number of Condos/Townhomes Sold in North Lake Tahoe – Truckee: 327
  • Median Average Sold Sales Price for North Lake Tahoe – Truckee : $449,500
  • Average Sold Sales Price in North Lake Tahoe – Truckee: $601,806
  • Sold Price Range in North Lake Tahoe – Truckee:  $87,900 – $4,400,000
  • Percent (%) List to Sold Price Ratio:  97.9%
  • Average Days on Market (DOM in MLS):  99 DOM
  • Number of Active and Available Condos/Townhomes in North Lake Tahoe – Truckee as of 01-03-2019:  134 (TSMLS areas 1-9)
  • Pending Condo/Townhome Sales in North Lake Tahoe – Truckee as of 01-03-2019: 19
  • Number of Distressed Condos Currently Listed for Sales – As of 01-03-2019:  Total Two (2) | Zero (0) court approval | Two (2) Short Sales | Zero (0) REO/Bank Foreclosure

North Lake Tahoe - Truckee Condo Values | Market Report - Year End 2018Historically, our available condos/townhomes for sale inventory levels are at their highest levels during our summer months.

It isn’t uncommon to see seasonally low levels at the beginning of the year.

The exception to this over-all decline in inventory is an increase in the number of condos and homes for sale located directly around our popular ski resort areas!  

These winter locations are now in their prime selling season during our coldest months and we often see these areas with their best selection of properties!  

For the entire area we continue to have extremely low condo/townhouse inventory levels, despite the time of year, and that will help to continue to keep prices up for Sellers.

Here are the condos/townhouses for sale in the North Lake Tahoe area, all price points starting with the lowest price first.

Here are condos/townhouses for sale in the greater Truckee area, all price points starting with the lowest price first:

In the ski resort areas like Alpine Meadows,  Squaw Valley and Northstar do have more options, here are the condos for sale in the Squaw Valley area:

Other interesting North Lake Tahoe – Truckee condo/townhouse market observations:

Days on Market (DOM) as they continues to drop.  For 2018 the number of days on the market for condo/townhouse is now at 99 days down slightly from 102 DOM in 2017, but is down 15.4% from the 117 DOM in 2016.

The shorter the marketing time for a condo/townhouse, the stronger the market is for Sellers. 

Inventory – Inventory levels are down from the July home levels for the North Lake Tahoe-Truckee region.  Again, another sign of the market favoring Sellers.

Reduced Number of Transactions – Lower inventory levels, and higher prices turned into fewer over sales for the region. 

Over-all transactions dropped by over 19.5% in 2018 over 2017 levels.

If you already own a home in the Tahoe area and want to know what is your property is now worth? Call me call Laura Allen,  530.414.1260, for a confidential consultation.

Do you want more long-term North Lake Tahoe – Truckee real estate data?  Check out the following table that has a lot of data going back over ten years. 

Both the average median sales price and average sales price (in some cases there is a significant difference between the two, but the market trends are the same direction for both) are included for each year. 

North Lake Tahoe – Truckee Regional Sold Condo | Townhome MLS Areas 1-9 | 01/01/ – 12/31/2018

(This table is best viewed on a laptop, desktop, or a device with a larger screen.)

 

Year

 

Condos

Sold

Median

Average

Sales Price

Average

Sales

Price

 

DOM

 

Lowest

Price

Sold

Highest

Price

Sold

%

Cash

Sales

% 

Distressed

Sales

Breakdown

of

distressed

Sales

2018* 327 $449,500 $601,806 99 $87,500 $4,400,000 48.6% 0.6% 1 REO’s

0 Short Sales

1 Court Approval

2017 406 $420,000 $543,546 102 $75,000 $4,650,000 42% 0.98% 3 REO’s

1 Short Sales

0 Court Approval

2016 357 $375,000 $499,740 117 $71,000 $2,650,000 48% 0.8% 1 REO’s

1 Short Sales

1 Court Approval

2015 265 $370,000 $505,466 106 $32,500 $3,100,000

 

47% 2.8% 4 REO’s

3 Short Sales

1 Court Approval

2014 308 $381,250 $583,064 121 $47,500 $4,800,000

 

48% 4.9% 5 REO’s

10 Short Sales

0 Court Approval

2013 308 $360,000 $556,041 160 $48,000 $4,560,000

 

50% 12% 12 REO’s

24 Short Sales

2 Court Approval

2012 290 $290,000 $435,350 150 $40,000 $3,900,000

 

51% 23% 38 REO’s

28 Short Sales

2 Court Approval

2011 254 $296,250 $385,349 148 $49,000 $3,800,000

 

56% 33%  40 REO’s

44 Short Sales

0 Court Approval

2010 259 $333,250 $523,031 167 $46,000 $3,650,000 54% 36%  62 REO’s

31 Short Sales

1 Court Approval

2009 180 $374,500 $505,979 272 $98,000 $3,240,000 48% 26% 40 REO’s

7 Short Sales

0 Court Approval

2008 166 $534,500 $864,009 200 $110,000 $3,818,738 40% 2.4% 4 REO’s

0 Short Sales

0 Court Approval

2007 232 $555,000 $817,325 149 $92,000 $3,705,000 27% 0% 0 REO’s

0 Short Sales

0 Court Approval

2006 247 $576,000 $855,797 116 $150,000 $4,575,000

 

20% 0% 0 REO’s

0 Short Sales

0 Court Approval

REO’s = Real Estate Owned, which is the name banks use for their bank foreclosed properties.Short Sales = Owner does not have the money to pay off all of the debt and asks the debt holders to take less back in order to close the sale.

*YTD period is 01/01/2018 – 12/31/2018

Data Source: Tahoe Sierra Multiple Listing Service (TSMLS). 

Year-to-date summaries are based on information from the Tahoe Sierra Board of Realtors (TSMLS).  Due to TSMLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Laura Allen, or Coldwell Banker Residential Brokerage does not guarantee the data’s accuracy. Data maintained by the TSMLS’s may not reflect all real estate activity in the market. All information is deemed to be reliable, but is subject to change, modification, and/or correction without prior notice. If your property is currently listed for sale, or you have an active Buyer Representation Agreement, this is not intended as a solicitation.

Other items of interest:  Currently we have some of the most impressive North Lake Tahoe – Truckee luxury condos and townhomes on the market.  The demand for our luxury mountain condos and townhomes in the North Lake Tahoe – Truckee area continues to be very strong. 

North Lake Tahoe Luxury Condos/Townhomes

Truckee Luxury Condos

Need more search options for Condo/Townhouses for Sale in North Lake Tahoe and the Truckee area by price range here:

  • North Lake Tahoe Condos for Sale under $100,000 
  • North Lake Tahoe Condos for Sale under $200,000 
  • North Lake Tahoe Condos for Sale under $300,000  
  • North Lake Tahoe Condos for Sale under $400,000  
  • North Lake Tahoe Condos for Sale under $500,000  
  • North Lake Tahoe Condos for Sale under $600,000  
  • North Lake Tahoe Condos for Sale under $700,000   
  • North Lake Tahoe Condos for Sale under $800,000  
  • North Lake Tahoe Condos for Sale under $900,000  
  • North Lake Tahoe Condos for Sale under $1 million   
  • North Lake Tahoe Luxury Condos for Sale 
  • Truckee Condos for Sale under $100,000 
  • Truckee Condos for Sale under $200,000 
  • Truckee Condos for Sale under $300,000 
  • Truckee Condos for Sale under $400,000 
  • Truckee Condos for Sale under $500,000 
  • Truckee Condos for Sale under $600,000 
  • Truckee Condos for Sale under $700,000 
  • Truckee Condos for Sale under $800,000 
  • Truckee Condos for Sale under $900,000 
  • Truckee Condos for Sale under $1 million 
  • Truckee Luxury Condos for Sale 
Want to review older regional condo/townhouse market reports?
North Lake Tahoe – Truckee Condo Values | Market Report – Mid Year 2018
North Lake Tahoe – Truckee Condo Values | Market Report – 2017 
Want to know what happened in the single family market for the region? 
North Lake Tahoe – Truckee Home Values | Market Report – Year End 2018
North Lake Tahoe – Truckee Home Values | Market Report – Mid Year 2018
North Lake Tahoe – Truckee Home Values | Market Report – 2017
When you’re ready to buy, or sell in the North Lake Tahoe – Truckee Region, call Laura Allen,  530.414.1260, with Coldwell Banker the top real estate brokerage in the Lake Tahoe – Truckee region!
For all of your Tahoe real estate needs –

Laura A. Allen | 530.414.1260  | Laura@TahoeLaura.com
BROKER ASSOCIATE, Tahoe Real Estate Agent
CalRE# 01473598
Coldwell Banker, Tahoe City, CA CalRE#01908304

All information is deemed reliable, but is subject to change, and/or correction without notice.

North Lake Tahoe – Truckee Condo Values | Market Report – Year End 2018

  • 1
  • 2
  • 3
  • Next Page »

Search this Site!

Property Search Account Login

Search Communities, Condos, and Neighborhoods

Lake Tahoe Lakefronts

Lake Tahoe Homes

Lake Tahoe Condos

North Shore Homes

West Shore Homes

North Shore Condos

West Shore Condos

Tahoe Donner Homes

Tahoe Donner Condos

Truckee Condos

Truckee Homes

*********************

Agate Bay

Agate Bay Homes

Alpine Manor Condos

Alpine Meadows Homes

Alpine Meadows Condos

Alpine Peaks

Alpine Place -Clock Tower

Alpine Place No 2 Homeowners

Aspen Grove Condos

Aspens Olympic Valley

Aspen Leaf at Palisades Condos

Bear Creek Homes

Bear Meadows Condos

The Boulders Condos

Boulders Residences at Mountainside Townhouses

The Boulders

Brockway Shores Townhouses

Brockway Springs Condos and Homes

Brockway Springs Condos

Buckhorn Ridge Homes

Cambridge Estates

Carnelian Bay Homes

Carnelian Bay Condos

Carnelian Woods Condos

Cedar Flat Homes

Cedar Point Condos

Cedar Shores

Chamberland Homes

Chamberlands Beach & Mt Club

Chambers Landing Condos

Chateau Chamonix Condos

Chinquapin Condos

Christy Hill Condos

Constellation at Northstar Condos (Ritz-Carlton)

Devonshire Estates Homes

Dollar Point Homes

Dollar Hill I Condos

Dollar Hill II Condos

Donner Lake Homes

Donner Lake Lakefront Homes

Donner Lake Condos

Donner Pines West Condos

Donner Lake Village

Elkhorn Ridge Homes

Everline Resort and Spa Condos

Fleur du Lac Estates Condos

The Franciscan Lakeside Lodge Condos

Fulton Acres Homes

Glenridge Park

Glenshire

Gold Bend Condos

Granlibakken Condos

Gray’s Crossing Homes

Gray’s Crossing Townhouses

Heratage Cove Condos

Hidden Meadows Condos

Highlands Homes

Homewood Homes

Homewood Condos

Home Run Trail Townhomes

Indian Hills Condos

Juniper Creek Ranch Homes

Juniper Hills Homes

Kailua Park Homes

Kings Beach Homes

Kings Beach Condos

Kings Run Condos

Kingswood Estates Homes

Kingswood West Homes

Kingswood Village Condos

Lahontan

Lake Forest Glen Condos

Lakeside and Sierra Terrace Condos

Lake Tahoe Homes

Lake Tahoe Lakefront Homes

Lake Tahoe Lakefront Homes Pier

Lake Tahoe Condos

Lake Tahoe Condos in a Lakefront Complex

Lake Tahoe Condos – North Shore

Lake Tahoe Condos – West Shore

Lake Tahoe Park HOA Homes

Luxury Homes Lake Tahoe

Luxury Condos Lake Tahoe

Luxury Homes Truckee

Luxury Condos Truckee

Martis Camp Homes

McKinney Shores

The Meadows Homes

Meeks Bay Homes

Moana Circle

The Northshore Condominiums

North Shore Lake Tahoe Homes

North Shore Lake Tahoe Lakefront Homes

North Shore Lake Tahoe Condos

North Lake Tahoe Homes

North Lake Tahoe Lakefront Homes

North Lake Tahoe Condos

Northstar Property Owners Association NPOA

Northstar Homes

Northstar Condos

Northstar Village Condos (NSV)

NSV- Big Horn Condos – 7001 Northstar Dr

NSV- Catamount Condos – 8001 Northstar Dr

NSV- Great Bear Lodge Condos -5001 Northstar Dr

NSV- Iron Horse North Condos – 3001 Northstar Dr

NSV- Iron Horse South Condos – 4001 Northstar Dr

NSV- One Village Place Condos – 9001 Northstar Dr

NSV- Northstar Lodge – 970 Northstar Drive

NSV- Original Condos 2000 North Village Dr

NSV – Village Walk Townhomes

Northstar Residences – Northstar Club Condo Shares

Old Greenwood Homes

Old Greenwood Condos

Old Greenwood Fractional Shares

Olympic Valley Homes

Olympic Valley Condos

Village at Palisades Tahoe

Palisades Tahoe Lodge Condos

Palisades at Olympic Valley

Panorama Estates

Pine Cove Cottages Cottages

Pineland Homes

Pinyon Creek Townhouses

Ponderosa Palisades Townhouses

Ridgewood Homes

Ritz Carlton Highlands – Constellation and Home Run Condos

Ritz Carlton Highlands Fractional Shares Condos

River Run Homes

River Run Condos

River View Townhomes

Rocky Ridge Condos

Rubicon Glen Homes

Rubicon Bay Homes

Rubicon Properties Homes

Schaffer’s Mill Homes

Schaffer’s Mill Townhomes

Sierra Meadows Homes

Ski Trail Condos

Skyland Homes

Soda Springs Homes

Sonoma Pines Homes

Spring Creek Homes and Lofts Townhouses

Squaw Peak – Shirley Canyon Condos

Squaw Ridge Condos

Squaw Valley Meadows

Squaw Valley North Condos

Tram Condos

St Francis Lakeside Condos

St Michaels Woods Homes

Star Harbor Condo

Stellar Townhouses

Stoneridge Condos

Stonewood Condos

Sugarpine Lakeside Condos

Sugarpine Parkside Condos

Sunnyside Homes

Sweetbriar Fractional Share Condos

Tahoe Beachfront Condos

Tahoe Homes

Tahoe Condos|Townhomes

Tahoe City Homes

Tahoe City Lakefront Homes

Tahoe City Lakefront Homes – North Shore

Tahoe City Lakefront Homes – West Shore

Tahoe City Homes – North Shore

Tahoe City Homes – West Shore

Tahoe City Condos

Tahoe City Condos – North Shore

Tahoe City Condos – West Shore

Tahoe City Condos in a Lakefront Complex

Tahoe City Marina Boat Slips

Tahoe Cedars Homes

Tahoe Donner Real Estate

Tahoe Donner Homes

Tahoe Donner Luxury Homes

Tahoe Donner Condos

Tahoe Donner Golf Club Condos

Tahoe Donner Lodge Condos

Tahoe Donner Ski Bowl Condos

Tahoe Estates Homes

Tahoe Hills Homes

Tahoe Marina Lakefront Condos

Tahoe Marina Estates Homes

Tahoe Park Homes

Tahoe Park HOA Membership Homes

Tahoe Park HOA Neighborhood

Tahoe Pines Homes

Tahoe Sierra Estates Homes

Tahoe Swiss Village Homes

Tahoe Tavern Condos

Tahoe Tavern Heights Homes

Tahoe Vista Homes

Tahoe Vista Condos

212 Tahoe Woods Blvd Condos

Tahoe Woods Homes

Tahoma Homes

Tahoma Condos

Tahoma Meadows Homes

Tahoya Shores Condos

Tavern Inn Condos

Tavern Shores Condos

The Timbers Condos

The Boulders

The Franciscan

The Northshore Condos

The Village at Palisades Tahoe

The Villas 

Developments also are listed by first name without “The” in the name.

Timberland Homes

Tonopalo Fractional Shares Condos

Truckee Homes

Truckee Condos

Truckee Luxury Homes

Truckee Luxury Condos

Truckee River Corridor Homes

Twin Peaks Homes

Valley View Townhomes

Village at Palisades Tahoe Condos

VPT – Bldg 5 – 1750 Village East Road

VPT – Bldg 4 – 1850 Village South Road

VPT – Bldg 3 – 1880 Village South Road 

VPT – Bldg 2 – 1985 Squaw Valley Road

VPT – Bldg 1 – 1995 Squaw Valley Road

The Villas Condos

Vista Pines Homes

Ward Creek Homes

Water’s Edge Condos

Westlake Village Homes

West Shore Lake Tahoe Homes

West Shore Lake Tahoe Lakefront Homes

West Shore Lake Tahoe Condos

West Shore Lake Tahoe Condos Lakefront Complex

Winding Creek Homes

Woodvista Condos

Village Walk Townhomes

Winter Creek Homes

Fair Housing | Privacy Policy

Laura Allen | Broker Associate

CalRE# 01473598 | 530.414.1260

Coldwell Banker Realty

475 N Lake Blvd, Tahoe City, CA 96145

Copyright © 2025 | Laura Allen | Broker Associate | CalRE# 01473598 | www.TahoeLauraRealEstate.com | 530-414-1260 Phone/Text | Laura@TahoeLaura.com Coldwell Banker Realty | 475 N. Lake Blvd., Tahoe City, CA 96145 | Log in

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
SAVE & ACCEPT