Market Updates

June 27, 2016

FOR THE WEEK ENDING 6/24

After months of divisive rhetoric about Britain's exit from the European Union, voters took to the polls and said "no" to staying with the 28-country economic and political partnership.

Investors had been playing it safe for weeks, moving their dollars into less risky Bond markets as speculation over the ...

View More
Posted in Market Updates
June 20, 2016

INCLINE VILLAGE REAL ESTATE: SALES ARE STRONG – INVENTORY IS LOW

Incline Village and Crystal Bay real estate sales have been moving along at a solid pace this year. Sales of single family homes in particular have been unusually strong.

During the first 5 months of 2016, sales of houses in units are up nearly 30%. Sales of condos and freestanding ...

View More
Posted in Market Updates
March 18, 2016

INCLINE VILLAGE AND CRYSTAL BAY, NEVADA LUXURY MARKET UPDATE

In all, the luxury market over $2 Million in Incline Village has remained steady for the past year. There have been three stand-out sales, one mountainside sale last May at $12 Million, and two lakefront sales this winter at $10.7 and $25.25 Million. Of note, sales for the ...

View More
Posted in Market Updates
Sept. 23, 2015

THIS ISN'T A HOUSING BUBBLE: HERE'S WHY

Home prices are rising rapidly, but economists are deflating concerns that another "housing bubble" is brewing.

A recent report from CoreLogic shows that twice as many metro markets are considered "overvalued" – prices are inflated relative to incomes -- in the second quarter of this year compared to the first three ...

View More
Posted in Market Updates
June 22, 2015

“THE HOUSING MARKET, ANY WAY YOU LOOK AT IT, CAN’T LOSE"

About two years ago, It was declared that the U.S. housing market had “officially” recovered.

And now, with some indicators showing that real estate is the healthiest it’s been in a decade, I hope I can now officially declare the previous declaration as spot-on.

I know, I know … ...

View More
Posted in Market Updates
May 22, 2015

DON'T PANIC, BUT MORTGAGE RATES ARE RISING

So here we are, smack in the middle of the busiest season for the residential real estate market. With all the activity, shoppers are already facing challenges in finding their ideal home. Now, they’re starting to face a new one: rising mortgage rates.

Although the health of the real estate ...

View More
Posted in Market Updates
April 6, 2015

FIRST QUARTER 2015 - MICRO MARKET REPORTS

Spanning 72 miles of Lake Tahoe shoreline, two state lines, a handful of California and Nevada counties and various multiple listing services, Tahoe / Truckee market trends can vary dramatically from neighborhood to neighborhood. Sierra Sotheby’s International Realty compiles quarterly and year-end reports that drill down the region's different micro-market ...

View More
Posted in Market Updates