“Because Every Tahoe Adventure Starts at Home.”
May 2024
Memorial Day is upon us and with it is the unofficial kickoff to Summer in Lake Tahoe. Warming temps and clear skies have us all excited for the months ahead, and this weekend in Tahoe is no exception. Have a look at the events calendar below for fun ideas for this coming weekend in addition for the days as we head into June.
As for the local real estate market, things remain steady in both home value, resale value and transaction activity. Average home prices (sold) were UP 3.6% YOY in North Lake and Truckee last month, but the number of transactions are up 63%, signaling that the market has just about come to full “correction” for buyers and sellers agreeing to value, in wake of the bustling market we experienced from late 2020 – 2022. Be sure to read my Market Recap below!
As I mentioned in the “Featured News” section of this newsletter, the Tahoe real estate market remains strong as witnessed by all trackable data, as well as my personal buyer and seller interactions. The number of sold listings are up YOY in each of the greater Tahoe regions, a whopping 63% in North Lake Tahoe and Truckee alone. In studying the data, you’ll also see the number of days on market ticking up. However, it is crucial I point out two things regarding this stat. One, this uptick coincides with an increase in sales volume.
The number one question I am asked is “how is the market and what do you think it will do this year.” Stated, I regularly look back at the data leading up to the “Covid Boom” (March 2020 – December 2022) and analyze if the market is heading back to pre-pandemic stats, continuing to move at unprecedented numbers, or finding a spot to settle and land on the new normal. My gut intuition based on real transactions, referenced against real market data leads me to believe we have arrived at a correction, and a NEW normal has been established.
As always – if you are interested in buying, selling, chatting about the market, or simply want to know the best place to grab a great meal for you and your family, give me a call. After all – every Tahoe adventure starts at home!
at Palisades Tahoe on May 25th and 26th
at El Dorado Beach South Lake on June 20th
at Gar Woods on June 19th
n 2009 Brandon moved to North Lake Tahoe as a full-time resident to join the Squaw Valley Ski Patrol. In an effort to combine his love for skiing and desire to help others, he found himself right at home. Feeling the satisfaction from combining two things he enjoyed, Brandon took the same approach when transferring his talents to the real estate industry in 2014. Over the past ten years Brandon has created a successful real estate career boasting over 100 transactions and nearly $90 Million in gross sales. Priding himself on responsiveness, authenticity and an unwavering commitment to his clients, he is confident in knowing you’ll receive the best there is when you choose to work with him.
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