W I N T E R I N T A H O E

A Note From Team Tahoe’s Kirstin and Pilar
Residential Sales 2022 Summary
As you may have heard, sales prices have fallen off from highs by a 10-15% estimate. This is compared to the peak pricing in Q1 2022. Yet, prices are still at a very healthy premium from where they stood in 2019.
The Year To Date average for single-family homes is $1.873 million (up from $1.771 in the 2nd half of 2021) with a median of $1.235 million (up from $1.171 million in the 2nd half of 2021).
The month of November came in at an average of $1.611 million and a median of $1.015 million.
Comparing those numbers to 2019 (the last “normal” year before covid) is incredible. For the first half of 2019, the average single-family home sale was $1.233 million, and the median was $755,000.
Sellers, keep in mind this is still a much better time to be a seller than in 2019. You can expect a similar amount of time on the market but much higher sales prices.
Buyers, keep in mind this is the most balanced market we have seen in the last three years. You now have the following things working in your favor:
The ability to negotiate the price;
The ability to inspect a property and have expected contingencies;
The ability to negotiate repairs;
Interest rates are climbing, but if they continue to rise, you will be glad you are locked in now. If/when they reverse course, you can refinance to take advantage.
Please also ask us about the ‘rate buy-down’ option when presenting an offer.
Call or email us today to find out more. In today’s complex market, expert analysis is critical.
T A R T C O N N E C T : F R E E, O N – D E M A N D S H U T T L E

The Truckee TART Connect Pilot Program is a service that aims to meet more transit needs, especially for those seeking to travel to and from residential areas without using their cars. Avoid downtown parking costs and enjoy safe nights out on the town with better experiences and reduced congestion for residents and visitors.
After a successful summer program, winter service will operate seven days a week from 8 AM to 10 PM through April 2, 2023.
TART Connect users can download the TART Connect app and enjoy the free service in and around the Truckee area. The application is like other ride-sharing applications offered by transportation network companies but free of charge to the rider. Vehicles will have wheelchair accessibility and ski and snowboard racks and permit service animals and well-behaved dogs on leashes to ride.





