Great Buys Residential Lots Truckee

As we move into March of 2024, the real estate market is showing resiliency. The luxury market continues to show strong sales numbers. This segment traditionally follows stock market activity.

The peak of winter vacations at Lake Tahoe and Truckee are behind us. However, with the huge amount of snow from the last storm, we expect to be skiing at least until Memorial Day.

This will certainly be a boon to tourism in the area and should have a positive impact on spring sales activity. Our current inventory is still very low, with slightly more than 200 listings.

Comparing February 2024 sales to 2023, the numbers were up 20% year over year. While some would-be sellers may hold off on listing to enjoy an epic spring season of skiing, low inventory will remain a challenge.

Those waiting to see if prices will come down may be disappointed. Median sales prices were up 7% over last year. The median price is now at $1.12 million.

While home prices at Lake Tahoe may be moving beyond affordability for some, buyers can find great opportunities for lot purchases.

Here are a few great buys for residential lots in Truckee:

11655 Zermatt Tahoe Donner

THIS STUNNING UNIMPROVED LOT BACKS UP TO A LARGE GREENBELT WITH MEADOWS, PONDS, STREAMS AND TRAILS. Nestled in the picturesque community of Tahoe Donner, this lot, with a gentle terrain, offers a truly unique opportunity to create your dream mountain retreat. Towering pine trees provide a sense of seclusion and serenity, creating a peaceful oasis away from the hustle and bustle of everyday life. The perfect canvas upon which to create your own piece of paradise! In the winter, Tahoe Donner transforms into a snowy wonderland, and this lot is ideally located for winter sports enthusiasts. Skiing, snowboarding, and snowshoeing and X-Country skiing are just a short drive away at the Tahoe Donner Downhill Ski Area and X-Country Ski area ensuring year-round recreational opportunities. Appraisal report attached. Price: $255,000

14291 Alder Creek Road Truckee

Beautiful wooded lot with peak mountain views! This East facing, down sloping lot is on .33 of an acre backing up to a greenbelt and Alder Creek. Walk, hike or bike out your back door. A very private and peaceful setting in Tahoe Donner! Close to the Equestrian and Cross Country Ski Center. Purchase now and start enjoying all of Tahoe Donner's sought after amenities. Price: $235,000

Contact us today for more information on real estate activity in Lake Tahoe and Truckee.