Squaw Valley/Alpine Meadows Q3 Market Report
The New York Times has featured our Snow Haus listing in a story about luxury homes for sale in California. This $2.55 million Bavarian-inspired chalet, built in 2009, was extensively renovated over the last 3 years and boasts 7 bedrooms, with 6 ½ baths, on a 0.76 acre lot.
Conveniently located along the river between Tahoe City and Truckee, Snow Haus offers easy access to Squaw Valley and Alpine Meadows ski resorts. USA today voted Squaw/Alpine the best ski resort in North America and skiers can enjoy the 3600 skiable acres of both mountains via a shuttle.
During the summer, bike trails line the river and lead into the Village at Squaw Valley where you can enjoy the unique shops and quaint restaurants. During winter, Snow Haus’ close proximity to the area’s most popular ski resorts makes getting fresh tracks on the mountain a dream come true.
About Squaw Valley/Alpine Meadows
Squaw Valley was home to the 1960 Olympics and offers many condos within the Village, with more level neighborhood parcels. The adjacent neighborhood of Alpine Meadows meanders throughout rising elevation into the quaint Alpine Meadows Ski Resort. While Squaw Valley pulls skiers from all over the world, Alpine Meadows has always been the local’s favorite.
Like the rest of Lake Tahoe, Squaw Valley and Alpine Meadows have enjoyed strong sales throughout 2020, with demand driven by Bay Area residents seeking a better quality of life in the mountains. As more and more people work remotely, they are making Lake Tahoe their primary residence. Lake Tahoe’s miles of national forests present the perfect opportunity for exercise and social distancing.
Squaw Valley Q3 2020 Market Report
Home values in both Squaw Valley and Alpine Meadows have seen an upward trend over the years. In 2016, the average sale price was $900K. In 2020, the average sales price has grown to $1.17 million.
Sales activity has been stronger in 2020 compared to last year. In 2019, Squaw Valley/Alpine Meadows recorded 31 homes sold, while just in the 3 quarters of 2020, that number is 45. We have witnessed how 2020 has broken sales records in virtually every area of Lake Tahoe.
14 single family residences sold in Squaw Valley during 2019, while 31 have already sold in 2020. While there have been 48 condos sold year to date in Squaw Valley, 2019 showed slightly stronger sales numbers at 66. However, we still have another quarter that will be driven by early ski activity and ski resorts are schedule to open this year around Thanksgiving.
Alpine Meadows Q3 2020 Market Report
Alpine Meadows shows stronger growth in the median sales price year over year. In 2019, the median sales price for single family residences was $770K. So far, in 2020, the median sales price is at $925K, a 20% increase.
While the sale of 14 homes so far in 2020 has not surpassed the 17 homes sold in 2019, we do have another quarter of sales that should at least equal that number.
Condos in Alpine Meadows have definitely seen an uptick in sales activity. Only 3 condos sold last year, while we already have 7 sales as of the 3rd quarter of 2020. The median sales price is actually 2% lower year over year. The 2019 median price for a condo was $430K, while 2020 has that number at $420K. However, both condos and homes in Alpine Meadows are selling at 98% of asking price.
Whether you enjoy hiking on the trails and into national forests, biking along the river, golfing, or skiing at world class resorts, Lake Tahoe offers something for everyone. Contact me today for a free property analysis or for information on available homes for sale.