Truckee and Lake Tahoe real estate weathers a record breaking winter. This is no shocker or surprise, especially if you have visited the mountains recently. At the beginning of the year the Sierra’s were pummeled with back to back blizzards. With reported 700 inches of snowfall this year. Here we are moving into May still engulfed in the Winter-wonderland. After this record breaking winter Sierra Sotheby’s International Realty is predicting a strong 2017 second quarter.
“Incline Village, NV – April 24, 2017 A report detailing first quarter of 2017 real estate market results for all of Lake Tahoe, Truckee and select Reno neighborhoods was recently released by Sierra Sotheby’s International Realty.
The report summarizes market trends as reported by four different regional multiple listing services and examines the data in each of the area’s diverse neighborhoods to help buyers and sellers make more informed real estate decisions.
Amidst a winter that brought a reported 700 inches of snowfall at higher elevations, a macro look at the first quarter data reveals marginal decreases in sales volume across most markets as compared to the same period last year.
“Spanning two state lines, a handful of different counties and many distinctly different communities, the real estate market can vary as dramatically as the snow conditions from neighborhood to neighborhood,” says Peter Strand, President of Sierra Sotheby’s International Realty. “We break down the data by micro markets so consumers can better understand what’s happening in their own backyard.”
A closer look at these micro market reports revealed bright spots in home values. Click here to read more about the article.
If you are interested in receiving a copy of the Micro Market Report contact Carmen Carr, you local real estate agent.