The 2011 first quarter Lake Tahoe and Truckee real estate stats are here! According to the graphs real estate numbers in 2011 show an increase from 2010.

Lake Tahoe Real Estate

The first set of graphs shows numbers for Lake Tahoe real estate in 2011 compared to last year. Almost all numbers increased this year compared to 2010. Sales volume for single family homes increased by 23% and condos increased by 7%. The number of units sold also increased for both single family homes (6%) and condos (12%). The median price of single family homes increased by 11% and the average price of single family homes increased by 29%. The median price of condos increased by 15% and the average price decreased by 6%.

Lake Tahoe Real Estate Sales by Area & Price

The next set of graphs show Lake Tahoe real estate sales by areas and price. The areas include Incline Village, East Shore, Tahoe City, South Lake Tahoe, Sparks, Reno and Truckee.

Positive Upswing in Tahoe Real Estate

Most of the numbers show some positive turns in the Lake Tahoe real estate market! Click on the images below for enlarged versions and more details for these real estate numbers. Contact Linda Granger or call 530.624.0008 for a tour of Lake Tahoe homes for sale.

2011 Compared to 2010

Price Banding & Areas

Here is the press release in connection with the 1st quarter stats:

LAKE TAHOE SEES JUMP IN AVERAGE HOME PRICE

LAKE TAHOE, Nev. (Apr. 6, 2011) – Homes around Lake Tahoe experienced a 29 percent jump in average price, according to a quarterly report released by Chase International real estate. The figures compare sales and home prices from first quarter 2011 to first quarter 2010.

The average price of a home in Lake Tahoe rose to $937,501 and the median is $564,500 (an 11 percent drop). Sales volume is up 23 percent and units sold is up six percent.

“The Lake Tahoe market is showing definite signs of stabilization,” said Sue Lowe, corporate vice president for Chase International. “Our last two quarterly reports have shown vast improvement in sales volume and units sold in the Tahoe Basin”

The National Association of Realtors® reported a 2.1 percent increase in pending home sales last week. “Pending home sales have trended up very nicely since bottoming out last June, even with periodic monthly declines,” said Lawrence Yun, chief economist for NAR. “Contract activity is now 20 percent above the low point immediately following expiration of the home buyer tax credit.”

Tahoe City saw an increase in sales volume and units sold (31 and nine percent, respectively). South Lake Tahoe experienced an 11 percent jump in units sold and 12 percent in sales volume. The East Shore had a 25 percent increase in sales volume and a 5 percent drop in units sold. Incline Village saw a 28 percent increase in sales volume and a 10 percent decrease in units sold.

The average price of a home in Truckee fell 19 percent to $504,337 while the median dropped 14 percent to $439,000. Sales volume is down 11 percent and units sold are up 11 percent.  Condos in Truckee were down across the board with a 45% decrease in sales volume and a 44% decrease in units sold.

The average price of a condo in Lake Tahoe is $356,451 (down six percent), while the median price is up 15 percent. Sales volume is up seven percent with a 12 percent increase in units sold.

We have just received the Lake Tahoe & Truckee real estate stats for 2010! These fabulous graphs compare real estate numbers from 2009 with 2010. Almost all numbers show an increase from last year!

Lake Tahoe Real Estate

The first set of graphs shows numbers for Lake Tahoe real estate. Sales volume for single family homes increased by 20% and condos increased by 48%. The number of units sold also increased for both single family homes (16%) and condos (46%) in 2010. The median price of single family homes decreased by 6% last year and the average price of single family homes increased by 1%. The median price of condos decreased by 9% and the average price increased by 4%.

Truckee Real Estate

The next set of charts shows numbers for Truckee Real Estate. Sales volume for single family homes saw no change and condos increased by 46%. The number of units sold also increased for both single family homes (5%) and condos (46%) in 2010. The median price of single family homes decreased by 8% last year and the average price of single family homes decreased by 4%. The median price of condos decreased by 9% and the average price stayed the same.

Positive Upswing in Tahoe Real Estate

Most of the numbers show some positive turns in the Lake Tahoe real estate market! Click on the images below for enlarged versions and more details for these real estate numbers.

Here is the press release that goes along with the recent year end stats for Lake Tahoe and Truckee:

TAHOE REAL ESTATE MARKET ENDS 2010 ON HIGH NOTE

LAKE TAHOE, Nev. (Jan. 4, 2011) – The Lake Tahoe real estate market ended the decade with strong sales and significant signs of improvement, according to a year-end report from Chase International. The report, which compares all sales and home prices from 2010 to those of 2009, indicated a 16 percent increase in units sold and a 20 percent jump in overall sales volume.

“This is a remarkable improvement from 2009,” said Susan Lowe, corporate broker and senior vice president for Chase International. “These numbers show the regional market stabilizing.” (more…)

The Lake Tahoe & Truckee real estate stats for the 3rd quarter are out! These fabulous graphs compare real estate numbers from 2009 with 2010. Almost all numbers show an increase from last year!

Lake Tahoe home sales saw a 37% increase for sales volume and a 28% increase for number of units sold. The median price for single family homes decreased by 9% and the average home sale price decreased by 7%. Condo sales at Lake Tahoe increased by 63% in sales volume and increased by 62% in units sold. The median price for condos increased by 11% and the average price increased by 4%.

The Truckee real estate market is also seeing some positive numbers in 2010 compared to 2009. Sales volume increased by 9% and number of units sold increased by 13%. The median home price decreased by 8% and the average increased by 3%. Condo sales increased in sales volume by 47% and in number of units sold by 73%. The median condo price decreased by 18% and the average price decreased by 15%.

Most of the numbers show some positive turns in the Lake Tahoe real estate market! Click on the images below for enlarged versions and more details for these real estate numbers.

Here is the press release in connection with the 3rd quarter stats: 
Tahoe/Truckee Housing Market Continues to Strengthen

LAKE TAHOE, Nev. (October 7, 2010) – Third quarter sales figures in four major regions of Lake Tahoe plus Truckee continue to show a strong pattern of increased home sales. Single family home sales in South Lake Tahoe, Incline Village, Tahoe City and Truckee saw significant growth in the first nine months of 2010. “We are very pleased to see an increase two quarters in a row; however the median cost of homes are still tracking downward,” noted Sue Lowe, corporate broker and senior vice president of Chase International. Buyers understand that this is the time to obtain the ultimate value in housing and are purchasing these incredible deals at rapid rates”, said Lowe.   The units sold for the entire Lake Tahoe basin are up an amazing 28% and sales volume is up an astounding 37%.  Even the average price is tracking upwards for the first time in the last two and half years at seven percent.  “We continue to educate our buyers that now is a good time to buy in the Tahoe region,” said Lowe. “There are still a lot of great choices and deals out there for buyers.”

Area specifics: On the South Shore, total sales volume is up 32 percent and units sold up 28%.  In Tahoe City, sales volume is up a whopping 67 percent and units sold up 46%. Incline Village, sales volume is up 28 percent and units sold up 27%. On the East Shore of Tahoe and sales volume is up 9%, units sold down 2%. In Truckee, the sales volume of is up 9% and units sold is up 13%.

This graph shows some of the properties sold by price band. The areas included are Incline Village, East Shore Lake Tahoe, Tahoe City, South Lake Tahoe & Truckee. Click on the image below to view all graphs.

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!

Recent Lake Tahoe Real Estate Stats

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…)