Median Land Price Chart for Truckee Real Estate 2004 – August 30, 2009

This chart shows the median land sales price changes since 2004 for vacant land in the Truckee Real Estate market. As you can see, prices have really taken a big hit so far in 2009.  What’s more, activity based by the number of sales this year has been abysmal. Much of the decline can be attributed to the lack of available construction financing. 2008′s statistics are a bit of an aberration, as individual land sales prices did not increase. Far from it, but there were just many fewer sales in the more “affordable” neighborhoods of Truckee, and thus the median sales price for what did sell was higher.  This land graph only accounts for lots that were under 1.5 acres, and excludes Northstar and Martis Camp, which are much higher price points.

NOTE:  This representation is based in whole or in part on data supplied by the Tahoe Sierra Board of Realtors or its MLS.  Neither the Board or its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the Board or its MLS may not reflect all real estate activity in the market.