Overall single-family home sales in Truckee were down slightly in terms of the number of properties sold and the total dollar volume sold. A $13.6 million dollar sale helped bring the median price up 2% to $752,900 while the average price fell four percent to $1,201,520.
Kaili Sanchez, a Truckee-based realtor with Sierra Sotheby’s International Realty is experiencing multiple offers on homes for people wanting to relocate to the area due to the low inventory.
“Many people are considering increasing their purchase price due to lower interest rates and the option to work remotely,” Sanchez said in the release. “Whereas three bedrooms used to be the magic number, I’m now finding more people require four bedrooms or a bonus or flex space.”
Sam Swigard, a Northstar-based realtor with Sierra Sotheby’s International Realty has also seen higher demand for four-bedroom homes, especially in Glenshire. Additionally, she says buyers are acting on homes that are updated and turn-key versus those needing work.
“Homes that need work experience more days on market, even in the $500,000 range,” Swigard said.
Glenshire saw a 40% increase in the number of properties sold and a 23 percent increase in the total dollar volume sold.
Buyers are acting quickly on newer and more modern inventory in the Village at Northstar.
“Overall, modern architecture and modern remodels are outpacing mountain lodge style homes,” said Swigard.
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