Tahoe Luxury Properties has published our Q1 2014 Market Report assessing the state of the Tahoe real estate market. The report includes median home price and units sold data with quarter-over-quarter and year-over-year trending. Notes and analyses are provided by region and include Lakefronts (CA and NV), Incline Village & Crystal Bay (NV), Squaw Valley & Alpine Meadows (CA), Northstar (CA), Truckee (CA), and the region included in the Tahoe Sierra MLS (CA). Maintaining the trends we reported in the 2013 year-end summary, the median single-family home price continues to rise in all the Tahoe area markets. Five of the six markets show a decrease in units sold quarter-over-quarter, likely related to the abnormally low snowfall to the region impacting area visitation and the low inventory of active listings. Given the healthy appreciation in home price sales, we expect to see solid gains throughout 2014. Keep an eye on the lakefront market where limited inventory is driving the median home price up drastically, with a 97% increase quarter-over-quarter. As ski communities bounce back from a weather-affected quarter, we will expect market growth in summer months. As predicted, 2014 is trending to be a high-performing year. View the detailed report here.
