Looking at November 2017 real estate sales compared to November 2016 sales, we see significant growth. Most notably, in each micro-region examined, we see increases in the number of homes currently in contingent or pending status. Notable increases also include a 67% increase in number of single-family homes sold in Truckee as well as a 31% increase in units sold in the Tahoe Sierra MLS which includes single-family Homes in California on Lake Tahoe’s north and west shores and in Truckee, Donner Lake, Northstar, Olympic Valley, and Alpine Meadows.
Growth in the number of Q4 transactions can be attributed to the strong economy, rising equity markets, and the popularity of Tahoe as a second home destination, highlighted by a strong past winter and a summer of perfect weather.
