Check out some of the Lake Tahoe real estate stats for the first quarter of this year!

For the first graph, the numbers reported are units sold, volume sold, median & average price. Areas included are Lake Tahoe Basin, Truckee, Tahoe Donner, Lake Tahoe Ski Areas, Lake Tahoe Lakefronts, and Lake Tahoe Lots.

For the second graph, the market statistics in 2012 are compared to 2013.

Lake Tahoe Real Estate 1st Quarter Market Reports

We have just received the real estate stats for the first quarter of 2012. These graphs compare real estate numbers for the first quarter in 2012 to 2011. Many numbers are seeing a positive upswing and this could be the beginning of a market rebound! The first graph represents numbers for Lake Tahoe and the second shows numbers for Ski Resort Areas – Alpine Meadows, Squaw Valley and Northstar. The third graph shows sales by price banding for the different areas – Incline Village, East Shore Lake Tahoe, Tahoe City, South Lake Tahoe, Sparks, Reno, Truckee and Carson Valley.

Here is the press release from our broker:

Chase International Reports
Market Beginning to Rebound
~Significant Improvement seen in lower-segment of Tahoe market~

 Zephyr Cove, Nev. (April 9, 2012) – First quarter home sales at Lake Tahoe show an improved market compared to last year’s numbers for the same period, according to a quarterly report released by Lake Tahoe-based real estate firm Chase International.  One noticeable and positive statistic was an impressive 15 percent increase in units sold around the lake, with the lower end of the market jumping 18 percent.

“The inventory in the lower segment of the market is disappearing around the lake,” said Susan Lowe, corporate vice president for Chase International.  “Even though the average and median price has gone down from the first quarter last year (which saw many lakefront sales during that 2011 period and which we have not seen this year), the market is showing signs of recovery because the supply is vanishing.”

The Chase International 2012 first quarter report also shows dips around the lake overall in regard to sales prices from one year ago, which is reflected by the median price of a home in Lake Tahoe which is now $317,000 and the average home price which is $623,645, down 25 percent and 31 percent respectively.

Truckee is showing signs of recovery overall but especially for real estate sales over the $1 million mark.  Specifically, the Truckee market stats report a whopping 175-percent increase in units sold over $1 million from four sales at this time last year, to a notable 11 sales this year.

The condominium market around Lake Tahoe experienced declines for all segments of the Tahoe market.  The number of total condo units sold was down 18 percent.  Average prices are down 35 percent and the media price is down 7 percent.

The Lake Tahoe Real Estate stats for 2011 are in. The following graphs show some year end real estate stats for Lake Tahoe and Truckee and how 2011 compared with real estate numbers in the past. Let’s hope for another great year in 2012!

Here is the press release from our broker:

Tahoe Home Sales Stats Holding Steady

 Zephyr Cove, Nev. (Jan. 5, 2012) – Year-end home sales at Lake Tahoe are holding steady compared to 2010 with some indicators on the rise, according to a quarterly report released by Lake Tahoe-based real estate firm Chase International, which notes a one-percent increase in units sold around the lake.

The National Association of Realtors recently reported that existing home sales rose again in November and remain above a year ago, and the latest Tahoe housing market sales figures concur with this national trend.  In fact, while real estate sales and prices took a slight dip around the lake overall, the East Shore market segment saw a one-percent increase in median home price ($575,000) and a 35-percent jump in average price ($1,286,924). Volume sold on the East Shore was up 26 percent, while the number of units was down seven percent.

Although the number of units sold is up slightly, the median price of a home in Lake Tahoe is down thirteen percent to $365,000 from 2010’s year-end numbers. The average home price fell 14 percent to $607,683.

“High end home sales on the East Shore helped buoy the Lake Tahoe market,” said Susan Lowe, corporate vice president for Chase International. “It definitely is still a buyers’ market as average and median prices have continued to fall but with units sold rising we believe the market is strengthening.”

Truckee reflects this same trend, seeing a two-percent increase in units sold and a 17-percent rise in units sold for less than a million. The median price of a home in Truckee is $438,166 (down 10 percent) and the average price is $562,811 (also down 10 percent).

The condominium market around Lake Tahoe experienced a six-percent decline over 2010 in units sold.  However, for units sold for more than $500,000, a notable 29 percent jump occurred. Tahoe City experienced the most pronounced increase in sales over 2010 sales figures, with a three-percent rise in units sold and up 50-percent in units sold for over $500,000.  South Lake Tahoe saw a 21-percent increase in overall volume sold, with median and average prices rising 14 and 69 percent, respectively. The median price of a condo in Lake Tahoe is $262,000 (down eight percent) and the average price is $348,868 (down 12 percent).

The Lake Tahoe Real Estate 3rd Quarter 2011 Stats are in! Click on the link to view graphs for Lake Tahoe & Truckee real estate 3rd quarter graphs 2011.

Here is the press release from our broker:

Tahoe Home Prices Stay in Step With Rest of U.S.

Zephyr Cove, Nev. (Oct. 11, 2011) – Home sales around Lake Tahoe took a small dip in the third quarter, while prices fluctuated in sync with the rest of the nation. The figures, part of a quarterly report released by Lake Tahoe-based real estate company Chase International, noted a four-percent decrease in units sold around the lake.

The median price of a home in Lake Tahoe is $370,500, down ten percent from the third quarter of 2010. The average home price fell 11 percent to $630,984. The National Association of Realtors recently reported that the median price of a home in the West ($189,400) is down 13 percent from a year ago.

While sales and prices were down around the lake overall, East Shore saw a seven-percent increase in median home price ($575,000) and 51-percent jump in average price ($1,408,018). Volume sold was up 32 percent, while units sold were down nine percent.

“We are starting to see the return of the high-end buyer with especially the East Shore experiencing some substantial high-end sales,” said Sue Lowe, corporate vice president for Chase International. “With the increase of high-end sales, we are anticipating a boost in end-of-year numbers.”

Truckee experienced some stabilization from this time last year, seeing a 16-percent increase in units sold and a 21-percent bump in units sold for less than a million. The median price of a home in Truckee is $435,000 (down 12 percent) and the average price is $554,744 (also down 12 percent).

The condominium market fared somewhat better around Lake Tahoe with a four-percent rise in units sold and 43-percent increase in units sold for more than $500,000. Tahoe City experienced the biggest jump in sales, with a 35-percent rise in units sold and up 52-percent in units sold for less than $500,000.  South Lake Tahoe saw a 32-percent increase in overall volume sold, with median and average prices rising 36 and 32 percent, respectively. The median price of a condo in Lake Tahoe is $274,400 (down five percent) and the average price is $353,136 (down four percent).