Q3 2020 North Lake Tahoe/Truckee Market Report

The Tahoe market is red hot across its different market segments. Market indicators are often seasonal in nature, with Q2 typically being the period of highest demand, and the mid-winter holiday period being the period of lowest activity.  The pandemic gravely affected Q2 2020 market activity, but the quarterly and monthly statistics show the steep decline followed by the dramatic rebound that occurred over the course of Q3 2020.

Median Sales Price for Houses & Condominiums in North Lake Tahoe/Truckee.

Average days on market and the percentage of Homes selling within 30 days are illustrated in the following two charts.  Days on market has significantly decreased in Q3 and percentage of homes selling within 30 days has experienced a sharp increase, signifying strong buyer demand.

A snapshot measure of how many listings were typically active on any given day of the specified month: Inventory levels have been running very low, a big factor in market dynamics.

The percentage of active listings going into contract by month: A clear indicator of how high buyer demand has been this summer and into Q3.

The percentage of listings accepting offers (going into contract) measures the strength of buyer demand as compared to the supply of listings for sale.

After the initial shelter-in-place plunge, North Lake Tahoe/Truckee sees huge rebound in the sale of higher-price homes in the luxury market.

October Solds

13937 Ski Slope Way Tahoe Donner $489,000 Represented the Buyer 10175 Annies Loop Gray's Crossing $930,000 Represented the Buyer & Seller 14654 Davos Drive Tahoe Donner $325,000 Represented the Buyer & Seller 15450 Alder Creek Road Tahoe Donner $950,000 Represented the Buyer 14755 Denton Avenue Donner Lake $168,000 Represented the Buyer & Seller 12212 Oslo Drive Tahoe Donner $1,065,000 Represented the Buyer 11290 China Camp Road Gray's Crossing $1,595,000 Represented the Buyer 12645 Parsenn Road Tahoe Donner $255,000 Represented the Seller 12187 Viking Way Tahoe Donner $725,000 Represented the Seller 12156 Oslo Drive Tahoe Donner $720,000 Represented the Seller 14668 Davos Drive Tahoe Donner $325,000 Represented the Buyer & Seller 6615 McKinney Court Tahoma $915,000 Represented the Seller 9200 Brockway Springs Drive, Unit 57 Kings Beach $1,150,000 Represented the Buyer 16261 Ski Slope Way Tahoe Donner $150,000 Represented the Seller 10343 Washoe Road Donner Lake $725,000 Represented the Seller 2085 West Lake Boulevard Tahoe City $605,000 Represented the Buyer 15492 Crown Circle Truckee $705,000 Represented the Seller 12478 Greenwood Drive Prosser Lakeview Estates $515,000 Represented the Buyer 11111 Henness Road Gray's Crossing $222,000 Represented the Seller

The Sharp Team SOLD 72 homes and properties since July 1, 2020! If you’re thinking of selling, look no further than Janie Sharp, Kristi Hood, and The Sharp Team!

Janie Sharp & Kristi Hood The Sharp TeamREALTOR® | DRE #00769865 M: 530.412.1400 janie@janiesharp.com kristi@thesharpteamtahoe.com

© Compass 2020 ¦ All Rights Reserved by Compass ¦ Made in NYCCompass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity.