![\"sdbxlov6900wlboathouse03\"](\"https:\/\/www.sierrasothebysrealty.com\/blog\/wp-content\/uploads\/2016\/09\/SdbxLov6900WLBoathouse03-1.jpg\")
<\/a>Tahoe\u2019s lakefront market witnessed that \u201cmixed bag\u201d first hand. Incline Village, Lake Tahoe\u2019s East Shore and South Lake Tahoe all saw third quarter gains in lakefront sales. While the North & West Shore lakefront market dipped by 78% with 2 recorded lakefronts sold on that end of the Lake as compared to 9 in 2015.<\/p>\n
In Truckee, Martis Camp continues to defy gravity in the luxury market with 44 homes sold in third quarter as compared to 16 this time last year; a 175% increase in properties sold with a total dollar volume of $186,725,250. The highest recorded sale was $8,900,000 while the low end registered in at $1,795,000. Average days on market for Martis Camp was down from 255 to165.<\/p>\n
As winter approaches,\u00a0the slopeside markets saw the best third quarter pickup in years with a 143% jump in sales volume for single family homes at Squaw Valley, 142% increase at Northstar and a 33% jump on Donner Summit\/ Sugar Bowl. With new homes under construction and significant proposed development, these will continue to be hot spots to watch in the coming year.<\/p>\n \u201cThe Tahoe Real Estate market\u00a0performs quite differently than the national average and market trends can vary dramatically from neighborhood to neighborhood,\u201d says Brit Crezee, Marketing Director at Sierra Sotheby\u2019s International Realty. \u201cWe drill down the data in quarterly reports to help buyers and sellers understand what\u2019s happening in each distinct community.\u201d<\/p>\n \u201cGenerally speaking, we\u2019re seeing very robust activity in mid to entry priced properties across of all the markets we serve. And while there has been an increase in transactions, price increases are moderate and less than expected,\u201d says Peter Strand, President of Sierra Sotheby\u2019s International Realty. \u201cTraditionally, third quarter is very strong for Lake Tahoe home sales, and this August proved to be our best month on record for our brokerage.\u201d<\/p>\n Citing new data from realtor.com, experts are predicting a stronger than average fourth quarter with claims that the market could bring the hottest fall in a decade.<\/p>\n \u201cOverall, the fundamental trends we have been seeing all year remain solidly in place as we enter the traditionally slower sales season, and pent-up demand remains substantial as buyers seek to get a home under contract while rates remain so low,\u201d says realtor.com Chief Economist Jonathan Smoke.<\/p>\n \u201cLake Tahoe Realtors are reporting pent up buyer demand due to a scarcity of desirable homes for sale in the mid to lower end market space,\u201d says Strand. \u201cThe lack of supply is curbing the efforts of many prospective buyers.\u201d<\/p>\n For sellers who are on the fence, now may be a great time to list. \u201cThe properties that are moving continue to be in the best locations with the best updates and finishes. If sellers aren’t willing to commit to realistic pricing and reasonable staging\/updating then we\u2019re seeing more and more agents walk away from the listings,\u201d says Andrew Greenwell, Broker of Venture Sotheby\u2019s International Realty and star of Million Dollar Listing<\/em>.<\/p>\n For a breakdown of how property is moving in your favorite Tahoe community, visit https:\/\/www.sierrasothebysrealty.com\/blog\/micro-market-reports<\/a> or contact a Sierra Sotheby\u2019s International Realty professional.<\/p>\n READ ALL\u00a0MICRO MARKET REPORTS<\/strong><\/a><\/p>\n 775.832.4900 Nine\u00a0Lake Tahoe Real Estate Office Locations: Find us on\u00a0Facebook<\/a>\u00a0|\u00a0Linked In<\/a>\u00a0|\u00a0Twitter<\/a>\u00a0|\u00a0Pinterest<\/a>\u00a0|\u00a0Instagram<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The Lake Tahoe, Truckee and surrounding area real estate market closed out its third quarter on a high note despite the National Association of Realtors reported dip in the luxury real estate market. The downturn has been most noticeable across the ultra high-end sector in certain markets such as New York, Miami, San Francisco and […]<\/p>\n","protected":false},"author":248546753,"featured_media":1679,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[1369],"tags":[],"class_list":["post-210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tahoe-real-estate-news"],"jetpack_publicize_connections":[],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pfNAru-3o","jetpack-related-posts":[],"jetpack_featured_media_url":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-content\/uploads\/2016\/10\/MMRGraphic.jpg","_links":{"self":[{"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/posts\/210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/users\/248546753"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/comments?post=210"}],"version-history":[{"count":0,"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/posts\/210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/media\/1679"}],"wp:attachment":[{"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/media?parent=210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/categories?post=210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sothebysrealty.com\/sierrasir\/blog\/wp-json\/wp\/v2\/tags?post=210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/a><\/a><\/a><\/p>\n
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