Q4 2021 Truckee-Tahoe Real Estate Market Reports

Alternate text

Unprecedented sales volume and highest ever prices didn’t slow down the consumers this past quarter. As we have shared for months now, inventory is limited and there a plethora of Buyer clients. Expert representation, sales strategy and deep relationships have again fueled a record year for Elder Group and we are so appreciative of our Client’s trust and confidence in our services – a sincere thank you!

The fourth quarter of 2021 real estate results were off the proverbial charts! The Truckee area market definitely maintained record sales volumes and prices! It’s great location, services, restaurants, health care, bike paths and recreation trails make this delightful Town second to none. Buyers agreed! Tahoe Donner’s median sales price jumped a whopping 40.9% over the same period in 2020 with median pricing crossing the $1MM mark to $1,222,500. Truckee increased a more modest 18.4%, however the median price of $997,500 is a significant increase. Donner Lake increased 28.1% with a median purchase price of $1,075,000.

Luxury properties skyrocketed as consumers benefitted from low financing rates and ability to secure large loans. Elder Group conveyed the highest priced listing ever in Old Greenwood at $3,350,000 for resale product and pricing increased in this newly discovered neighborhood by 66% over 2021! Gray’s Crossing increased 51% to a median sales price of $3,155,000 while the private Lahontan community increased 22.8% to $3,800,000. Martis Camp still leads the luxury market with huge volume and high priced real estate within its beautiful setting and conveyed five homes with only a 1% increase in prices over Q4 2020.

There’s plenty to review below for Q4 neighborhoods and micro-markets, so take a look and feel free to reach out anytime to Alison or our Elder Group office. Watch for some astounding 2021 year-end statistics next weekend! Happy New Year to you and your families; stay healthy and come on up and enjoy our spectacular and record setting snow fall!