Q1 2023 Property Sellers and Buyers Recap

View the above featured listing here!

What a winter season! If you’ve had a chance to read our recent E-News, Truckee-Tahoe has almost reached the 100-year snowfall record! Given the coming storms, there is high probability we’ll set a NEW record! It’s truly a winter wonderland – what an incredible last few months we’ve had in our mountain town! The first quarter in the Truckee real estate market has come to a close.

So, what’s happening with real estate in our market? With freeway closings, so much snow at the ski resorts and exciting storms, we have experienced an anticipated lower sales volume and inventory during Q1 – no surprise! Moving forward, we anticipate a ROBUST summer with fantastic products in all price segments based on early listing calls from our Clients.

Economically, we’ll see softening in lending programs and some price settling in the market. During the first quarter of 2023, property closed at an average of ~ 97% of list price.

Seller’s realize that aligning with current market conditions is key to pricing – and selling. Elder Group has a plethora of buyers waiting for the right inventory, resulting in pent up demand. We’re also seeing a consistent Buyer trend for the foreseeable future – moving assets to real estate AND enjoying mountain life makes a lot of sense for a fun lifestyle.

Elder Group has experienced a solid first quarter, tracking closely with Q1, 2022. Alison completed $14,400,000 in closings, representing nine transactions; four Sellers and five Buyer clients. Half of our Buyer Clients purchased Elder Group Tahoe listings. We welcomed new property owners to neighborhoods including Lahontan, Tahoe Donner, Glenshire and Truckee acreage property!

Completing 2022 in the Top 1% of the Tahoe Sierra MLS agent rankings and Top 1% nationally, Alison closed $112,000,000 in volume, with 89 transactions for single family homes, residential home sites and condo/townhomes. Our Elder Group team continually demonstrates our commitment to delivering exceptional service to our Clients – check out our Seller and Buyer Testimonials!

Always informative and focused on bringing value, Alison is an expert in the Truckee-Tahoe real estate market whether you are selling or purchasing property. As part of Berkshire Hathaway HomeServices, we’re excited to leverage the strength and extensive network of this well-respected company led by Warren Buffet. Contact Alison anytime for a personal consultation about your home’s value or buying your dream property!

Elder Group Tahoe Seller Clients

Here’s What Our Seller Clients Say

Elder Group Tahoe Buyer Clients

Here’s What Our Buyer Clients Say

Considering purchasing a property in Truckee-Tahoe and joining our healthy, mountain lifestyle? Our Elder Group team is here to help with your Truckee real estate! Reach out today and contact Alison Elder for premium advice on neighborhoods, homes and what it’s like to live and recreate here! Read on!