Why You Need to Read Sierra Sotheby’s International Realty’s 2012 Micro-Market Reports

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It is historically true that the greater San Francisco Bay Area housing market is a 6 to 12 month leading indicator for the Tahoe, Squaw Valley and Truckee housing market. “The San Fracisco Bay Area market has been on fire for most all of 2012 and to date in 2013. This, combined with the fact that we are currently experiencing very low numbers of homes actively for sale on our market, bodes very well for our 2013 housing market,”says Bill Murphy, Sierra Sotheby’s International Realty Agent. “Sales – and, soon prices- should definitely be on the rise as 2013 progresses with limited supply, and increasing demand. Savvy buyers are aware of this already and have become very active here in late 2012 and so far in 2013. This is not the time for a buyer to hesitate.”  

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The Tahoe Real Estate market performs quite differently than the national average. Even in an area the size of Lake Tahoe, market trends can vary dramatically from neighborhood to neighborhood. When contemplating a large financial commitment such as the purchase or sale of a home, your neighborhood’s micro-market data can make a big difference in your financial decisions. Here, we allow our agents to weigh-in on the important insights these reports provide.


Lakefront market trends | “On the CA side, West Shore and Northshore, of Lake Tahoe, the number of Lake Fronts sold has increased to 28 in 2012 from 20 in 2011 and 19 in 2010,” says Valerie Forte, Sierra Sotheby’s International Realty Agent. “Median price is up from 2011 at $3,170,075 in 2012 and $2,900,000 in 2011. Dollars sold is up 59% from 2011. In 2012, the total dollars sold of Lake Fronts were $136,578,237. In 2011, there was a total dollar amount of $55,799,450.”
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Major ski areas in CA, Squaw Valley, Alpine Meadows and Northstar housing sales are picking up | House Sales have recently picked up in 2013 the CA Ski Areas and having a great ski season is helping.  House sales in 2012 in Alpine Meadows, Squaw Valley and Northstar were 70 properties for a total of $55,551,509 with the 3rd and 4th quarters bringing in $35,334,009. The median price was $607,500. In 2011 there were 67 properties sold for a total of $63,740,330 with a median price of $700,000.  In 2010 there were a total of 58 properties sold for a total of $68,076,500 and a median price of $820,000.

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Luxury Communities to Watch | Martis Camp is a luxury community in Truckee with a Tom Fazio golf course and a chairlift to Northstar.  They released home sites and had record sales in 2012 with 24 Homesites sold with a median price of $716,500 and a total sales volume of $19,667,380.  In 2011, 14 Homesites sold with a median price of $600,000 and a sales volume of $8,278,800.  In 2010, 8 Homesites sold with a median price of $525,000 and a sales volume of $4,391,900.

Get detailed knowledge of your neighborhood and how it is performing | Sierra Sotheby’s International Realty compiles the quarterly and year-end reports of micro-market statistics to help you make better real estate decisions where it matters to you. If your community is not listed, or if you’re unsure what the data means for your transaction, simply contact one of our local associates — they will be happy to pull a report for you and help you interpret the results. Graphs courtesy of Lexi Cerretti, Sierra Sotheby’s International Realty Agent.