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Fall | Winter Luxury Real Estate Market Report
Lake Tahoe | Truckee | Reno-Sparks | Carson Valley
Lake Tahoe
The 2021 Lake Tahoe luxury market continues to outperform 2020 (our best year on record) through Q3. The great migration to our area continues to keep inventory levels well below prior years, driving up the value of homes significantly. Last year at the end of the third quarter, there were 430 single-family homes sold over $1 million. In 2021, we closed a whopping 555 homes: an increase of 29%.
The 2021 Lake Tahoe luxury market continues to outperform 2020 (our best year on record) through Q3. The great migration to our area continues to keep inventory levels well below prior years, driving up the value of homes significantly. Last year at the end of the third quarter, there were 430 single-family homes sold over $1 million. In 2021, we closed a whopping 555 homes: an increase of 29%.
West/North Shore California
MEDIAN PRICE
2021: $1,600,000
2020: $1,580,000
2021: $1,600,000
2020: $1,580,000
Truckee
Truckee continued to set records with 389 homes selling over $1 million, a 36% increase from 2020, which was a record year also. The median price was down 4% to $1,669,500 from $1,740,000. Volume was up an impressive 41% from our previous record-breaking 2020. Martis Camp continues to be the most affluent area in the Truckee market, with the highest- priced home selling for $12,975,000.
Truckee continued to set records with 389 homes selling over $1 million, a 36% increase from 2020, which was a record year also. The median price was down 4% to $1,669,500 from $1,740,000. Volume was up an impressive 41% from our previous record-breaking 2020. Martis Camp continues to be the most affluent area in the Truckee market, with the highest- priced home selling for $12,975,000.
Truckee/Northstar, Squaw Valley and Alpine ski areas, California
MEDIAN PRICE
2021: $1,669,500
2020: $1,740,000
2021: $1,669,500
2020: $1,740,000
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