North Upper Truckee is split into two neighborhoods. Both neighborhoods had some mixed notes in almost all the categories we follow. North Upper Truckee 2 did see a slight decrease in average home price but median home price increased. North Upper Truckee 2 on the other hand saw a substantial increase in the average home price by 13.2% and the median home price went up by 4.2%. The number of closed sales for North Upper Truckee 2 went down by 30.8% while they increased by 5.1% for North Upper Truckee 1. The days on the market (the time between listing and close of escrow) stayed the exact same for North Upper Truckee 1 but increased for North Upper Truckee 2.
The month supply of available homes stayed the same for North Upper Truckee 1 while North Upper Truckee 2 decreased by 20.6%. Under 4 months indicates a seller market. The list to sale ratio stayed exactly the same.
| North Upper Truckee 1 Market Comparison | 2017 | 2016 |
|---|---|---|
| Number of Sales | 41 | 39 |
| Median Home Price | $454,000 | $430,000 |
| Average Home Price | $521,085 | $460,346 |
| Average List to Sale Ratio | 97.3% | 98.2% |
| Average Dollar Per Square Foot | $276 | $280 |
| Days on the Market | 104 | 104 |
| Month Supply | 3.1 | 3.1 |
| North Upper Truckee 2 Market Comparison | 2017 | 2016 |
|---|---|---|
| Number of Sales | 18 | 26 |
| Median Home Price | $574,500 | $551,250 |
| Average Home Price | $551,967 | $565,130 |
| Average List to Sale Ratio | 97.7% | 98.7% |
| Average Dollar Per Square Foot | $274 | $236 |
| Days on the Market | 110 | 103 |
| Month Supply | 2.7 | 3.4 |
The post North Upper Truckee 1st Quarter Market Report 2017 appeared first on Lake Tahoe Real Estate | South Lake Tahoe Real Estate Experts - Don & Theresa Souers.