2013 was a good year for our housing market. The Truckee - Lake Tahoe real estate market experienced a rise in average and median home selling prices. The homes in the under $400,000 price range sold fairly quickly and often in multiple offer situations. We continued to see a decline in both "short sale" homes and bank owned homes in 2013. Only about 11-12 percent of the homes sold during the year were distressed properties, both foreclosures and "short sales," in the Tahoe Sierra MLS area.
Overall, single family home average sales prices in our whole Tahoe Sierra region have increased by about 12% over this past year, with some neighborhood areas showing a greater increase in prices and some a bit less of an increase.
View the our complete 2004 - 2013 Tahoe Sierra MLS Market Activity Report.
Our market activity report shows the average sales prices of homes, and the % change in prices, in the Tahoe Sierra area from 2004 to 2013. This is an excellent summation of data to further your knowledge of the changes in home values in our area since 2004.
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