The adage “quality over quantity” best sums-up the Tahoe-Truckee real estate market for 2014. With soaring economic conditions in the San Francisco Bay Area, more and more families made their way to Lake Tahoe to spend quality time together. This demand for home ownership led to a second straight year of over $1 billion in sales -- the first time since 2004-2005. Following an exceptionally robust 2013, quality inventory was at a premium heading into 2014. Despite fewer overall sales, the region’s dollar volume grew by over $100 million, indicative of a higher number of transactions for the market’s top tier properties. Average price grew by 18% in 2014 buoyed by 249 transactions at prices greater than $1 million.
from The CalNev Team - North Lake Tahoe 1 Million Plus Homes http://thecalnevteam.blogspot.com/2015/01/truckee-2014-year-end-report-from-john.html
from The CalNev Team - North Lake Tahoe 1 Million Plus Homes http://thecalnevteam.blogspot.com/2015/01/truckee-2014-year-end-report-from-john.html
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