February 2021 Recap
We typically see a slow down in real estate sales in the winter months, in 2021, demand remains high.
Here’s a look at what happened in Tahoe Sierra MLS in February 2021
- Sales volume of single-family homes remained flat over January (71 homes sold both months), however median price increased by 32%.
- Looking at year over year, sales volume in the same area increased 29% compared to February 2020, and median price increased 82% year over year.
- In Incline Village & Crystal Bay, sales volume increased 35% over January and median price increased 9%.
- Sales volume increased 155% over the same time last year, and median price increased 99% year over year.
Keep in mind that median price is different from appreciation / depreciation. So, while the changes in median price may seem large, when a market decelerates or accelerates quickly (e.g. 2009; 2020) median price moves much more quickly than appreciation/depreciation.
With prices continuing to rise in our area, it is critical to work with an agent who knows the local market inside and out and understands the true value of your home. As a top producing agent in the Tahoe luxury real estate market, Amie is perfectly poised to help make your selling process quick and easy. Discover what your home is worth with our FREE home evaluation. You can also reach Amie by text or calling 650.290.3008 or email firstname.lastname@example.org.