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Increased Home Demand: Martis Camp Q2 Real Estate Market Report

Increased Home Demand: Martis Camp Q2 Real Estate Market Report

As summer arrives, statewide travel restrictions are easing and we’re seeing a noticeably heightened demand for homes in the Tahoe area. The Martis Camp real estate market has seen an increase in buyers looking for both full- and part-time residences in the community. Since February 25th there have been 29 properties closed and 11 currently in escrow representing over $113,000,000 in volume. With its incomparable lifestyle and easy access, Martis Camp continues to captivate those who love the peace and serenity of mountain living.
To better illustrate the Martis Camp real estate market cycles in 2020 we haveseparated the first half of 2020 into two sales data segments; January 1st- February 23rd and February 24th- June 9th.
Sales from January 1st- February 24th:

CLOSED SALES: 6 Homes and 9 Homesites for a total of 15 properties and $36,395,000 in volume

Sales from February 25th- June 9th

CLOSED SALES: 11 Homes and 7 Homesites for a total of 18 properties and $66,730,000 in volume

NEW ESCROWS: 8 Homes and 3 Homesites for a total of 11 properties and $46,764,000 in volume

TOTAL SALES FOR THE YEAR including properties in escrow as of June 9th: 44 properties for $149,000,000+ in volume

Inventory levels remain low, however an incredible selection of custom homes and homesites are providing buyers with unique opportunities.
Active Home Listings:
13 Estate Homes
        Average price – $7,445,385
        Low to high price – $5,295,000 – $11,995,000
        Average price per sq ft. = $1,170
3 Cabin Homes
        Average price – $3,561,667
        Low to high price – $3,395,000 – $3,795,000
 
Active Homesite Listings:
20 Estate Homesites
        Average price – $1,721,950
        Low to high price – $995,000 – $3,795,000
2 Cabin Homesites
        Average price – $1,045,000
        Low to high price – $895,000 – $11,995,000
 
If you are considering buying or selling a property at Martis Camp, please contact us today so our team can share a comprehensive analysis of the current market conditions. 800.721.9005
 
Our Martis Camp Realty team is proud to continue leading the way with
buyers and sellers within the community. To date, in 2020 our dedicated team
of agents has represented 23 of 25 home sellers and 22 of 25 home buyers.
At Martis Camp Realty, we take great pride in the relationships we forge while
working with clients to achieve their goals. This commitment is part of why we arethe #1 producing brokerage in the Truckee/Tahoe area four years running.
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