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Truckee Real Estate, Gary LaBelle, Allison James Estates & Homes
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Experienced agent for the Truckee/Tahoe and Reno areas.
Experienced agent for the Truckee/Tahoe and Reno areas.

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Truckee Real Estate, Gary LaBelle, Allison James Estates & Homes's posts

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Summary for August Tahoe Donner Closings:
* It’s a buyers market for homes priced over $1.2M in Tahoe Donner – inventory increasing, sales slow.
* Closings for higher priced luxury homes over $1.5M are strong in areas like Martis Camp, Schaffers Mill, Lahontan, Northstar and Tahoe Lakefront areas.
* Days on Market increasing – 44 days in Aug, 38 days in July, 21 days in June.
* Inventory of homes is up to 101 vs. 95 last month and 88 the month before. Based on 21 homes closed that is 5 months of supply. This is high and primarily due to increasing inventory for homes above $900K that are not moving as fast as homes less than $900K.
* If you are planning to buy a home in the $500K to $900K range you need to move quickly. Make sure you are pre-qualified and ready to buy.
* Over $1.2M, take your time.
* Increased New Home construction activity – 3 sold in Aug, 5 are contingent and 9 are listed.
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