APRIL 2023 MARKET REPORT

A Note From Team Tahoe
Market Update
As Truckee and Tahoe start to de thaw, so does the market. The bay area is experiencing an increase of activity, and we are only a step behind.
Still, we are not quite there yet. April is one of the slowest months of the year up on the mountains, and the low amount of closings reflects it.
Nonetheless, 30% of sales were closed at an over-asking price. And, the median amount of days that a property is listed on the market decreased to 15.
The average selling price falling to $1,205,000 is a product of a slower market for higher end homes in the $2MM – $3MM range. Silicon Valley Bank, and tech-related job loss affected that section of the market last month.
In contrast, the percentage of deals closed under $1,000,000 increased. This is great news for first-time home buyers and investors looking for an affordable opportunity.
Please feel free to call or email us today to find out more. In today’s complex market, expert analysis is critical.





