Tahoe/Truckee Mid Year Residential Report 2008

This mid year residential report for the Tahoe/Truckee area was just published by our company. It compares pricing for this year compared to years past. This is what it has to say about Truckee:

Alpine Meadows/Squaw Valley to Truckee – Price declines were more moderate in this area than others. Median prices for single-family homes declined by 2% to $633,000. The average price actually posted a 2% gain to $833,000. Single-family sales volume declined by 16% dropping from $192.7 million to $161.6 million. Units sold were off 18% to 194. The median condo price increased by 7% and the average price moved up 12% to $944,136. These price increases were driven by new condo sales at premier developments in areas like Northstar. Overall, condominium sales declined with volume and unit sales down 31% and 38% respectively.

Click on the picture below to see the full report…