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Martis Camp Summer Market Update

MARTIS CAMP REAL ESTATE MARKET SNAPSHOT

2020 Year to Date Closings (through 8/31/2020):

  • 34 homes for $175,992,000 in volume
  • 42 lots for $71,374,500 in volume
  • Total of 76 properties and $247,366,500 in volume

*Market Update through August 31, 2020 – breakdown of sales below.

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Historic Demand:
In June, when California Covid-19 travel restrictions started to lift, the entire Tahoe Truckee real estate market began to experience an historic level of buyer demand. The allure of this pristine mountain environment – in concert with a newfound reliance on distant working and learning – has motivated many to make the decision to purchase either a new home or a home away from home in the Tahoe area. Real estate sales within Martis Camp maintained pace with this robust buyer demand with a record number of lot and home sales. As we enter the fall season, it’s anticipated that the real estate market at Martis Camp will continue its momentum with a limited collection of custom homes and homesites. In addition, we foresee new offerings from current owners looking to take advantage of the low inventory levels.

Market Expertise:
When buying or selling property in today’s rapidly changing market it is imperative to lean on years of experience and expertise with agents who are fully engaged on the specific area of interest. Our team of agents at Martis Camp Realty, Inc. all have a minimum of 11 years of exclusive focus on Martis Camp and are passionately dedicated to providing insights and strategies that help buyers and sellers fully vet their real estate needs. We are pleased to be the number one producing brokerage in the Tahoe Truckee area four years running. In 2020, Martis Camp Realty, Inc. has continued to lead the way at Martis Camp representing 72 of 76 sellers and 68 of 76 Buyers with their real estate transactions. 

Whether buying or selling property at Martis Camp, our team would greatly appreciate the opportunity to help provide you with a comprehensive overview of the current market. Please call us at 530.550.3200 or reply by email.

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HOME CLOSINGS YTD:
20 Estate Homes

  • Average price: $6,434,625
  • Average sq ft: 5,536
  • Average price per sq ft: $1,166
  • Low to high price: $4,050,000 – $11,000,000

10 Cabin Homes

  • Average price: $3,505,000
  • Low to high price: $2,700,000-$4,100,000

4 Guest homes

  • Average price: $3,061,250
  • Average price per sq ft: $2,356

HOMES IN ESCROW:
5 Estate Homes

  • Average list price: $6,725,200
  • Average sq ft: 5,355
  • Average price per sq ft: $1,259

3 Cabin Homes

  • Average list price: $4,480,000

HOME LISTINGS:
7 Estate Homes

  • Low to high pricing: $5,295,000 – $11,995,000

1 Cabin home

  • Price: $3,495,000

VIEW ALL AVAILABLE MARTIS CAMP HOMES  »

LOT CLOSINGS YTD:
45 Total Lots Closed

  • 7 lots under $1,100,000
  • 11 lots: $1,100,000 – $1,499,000
  • 13 lots: $1,500,000 – $1,999,000
  • 2 lots: $2,000,000 – $3,900,000

LOTS IN ESCROW:
4 lots

  • Average list price: $1,716,250

LOT LISTINGS:
6 lots

  • Low to high pricing: $1,995,000 – $3,795,000

VIEW ALL AVAILABLE MARTIS CAMP HOMESITES  »

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