We recently received these fabulous graphs showing some of the recent Lake Tahoe real estate stats. How do real estate sales in Lake Tahoe compare to last year? The graphs below show that there was a 47% increase in sales volume and a 42% increase in units sold in 2010 compared to 2009. Condo sales increased this year by 100% for both sales volume and units sold. The median home price for single family homes decreased by 1% and the average sold price increased by 2%. Condos saw a 10% decrease in median sold price and a 4% increase in average price. Overall, real estate numbers seem to be improving from last year!

Click on the image to the left to see the additional graphs.

Here is the press release that came out with the mid-year stats:

TAHOE HOME PRICES BEGIN TO LEVEL OFF

Home Sales Pick Up With Surge in the $10 Million Market

LAKE TAHOE, Nev. (July 8, 2010) – Home prices in Lake Tahoe are beginning to level off and the high-end market is looking lively, according to a mid-year analysis by Chase International.

The average home price was up two percent ($899,515) while the median dropped only one percent ($530,681). The slight changes mark the first time the Lake Tahoe real estate market hasn’t experienced a significant drop in home prices since the end of 2007.  The report compares sales and figures from January 1 through June 30, 2009 to the first two quarters of 2010. (more…)

The 2010 1st Quarter Stats are out! Here is the most recent response to the popular question – “How’s the market?” The graphs below show the numbers. The first quarter of 2010 has started out with some positive numbers and good signs of growth in real estate sales for the Truckee/Tahoe area. There have been significant increases in the numbers of home sales throughout the area for this quarter (January 1 – March 31) compared to the same dates for 2009.

The first graph shows sales volume for single family homes and condos sold from January 1 – March 31 in 2009 compared to 2010. This year saw a 22% increase for single family home sales volume from last year. Sales volume for condos increased by 174% from last year. Single family home sales volume in 2009 was $94,659,052 and $115,263,815 in 2010. (more…)

The most commonly asked question of a Realtor is, “How’s the market?”.  Our ’scripted’ response is usually something along the lines of “unbelievable” or “you wouldn’t believe it if I told you” or “it’s a market of opportunities”. In general, I try to be a bit more creative and support my positively enthusiastic response with some actual data. I love being asked this question because we all love talking about what we love and what we do.  Problem is, it doesn’t seem socially appropriate to endlessly converse about the market at, for example, every Christmas party that I attend.

So, forget everything you’ve heard at those parties; here’s the real answer to the question, “How was the real estate market in 2009?” Armed with this information, you will impress even your most well-read friends!

Bottom line: Real Estate Sales rose exponentially in the Reno/Tahoe areas in 2009.

LAKE TAHOE, Nev. (Jan. 4, 2010) – For anyone who has been waiting for the market to hit rock bottom to get into their dream home in the Lake Tahoe or Reno areas, time is definitely running out. (more…)

Our broker recently put out these third quarter sales stats for the Lake Tahoe areas.

The first chart breaks sold properties down by price band and area (Incline Village, East Shore, Truckee, Tahoe City, South Lake Tahoe, Sparks, Reno & Carson Valley). These are for single family homes sold during January 1 – September 30, 2009.

The second chart compares some of the real estate market numbers in 2008 vs. 2009. The first graph shows sales volume for each year and a 13% decrease from 2008 to 2009 for home sales. The second graph shows the median & average price for single family homes and condos in 20o8 and 2009. The third graph shows units sold in each year and we see an increase in the number of homes sold under $1 million.

Click on the images below for enlarged versions of these graphs…