Where I can find recent data on the Truckee, CA area?

[Christian Espana]

Hello BP Community!

I've noticed some homes are now staying on the market a bit longer and even lowering the asking price in some cases. Are there any locals that can point me to recent data such as days on market, list v. sold price,  average price, percent of price reductions, etc. or even first-hand observations? Some of the larger Bay Area tech companies started bringing Employees back to office work in May and some announced layoffs. I'd like to understand if that will have any effect on the market before making my next move.

I am in the market for a vacation SFH and want to do my due diligence. I am most interested in timing, as my goal with this property will be family time not so much revenue generation.

I appreciate any feedback!

Cheers

[Jeff Pollock]

Hey @Christian Espana! I live in truckee and have an STR up here as a house hack. Although I haven't yet found an agent that truly gets the investor mindset, Christy Morrison is an OG in Truckee and I'm on her email distribution that sends the numbers you're looking for monthly.

If you're thinking about making that second home an STR in Truckee specifically, the Town of Truckee has recently adopted much stricter regulations on STRs so it will be important for you to make sure you can cover all costs of the home without relying on short term rental income. There's a cap on the number of STR permits, a year-long waiting period after a home is purchased before an STR permit can be issued. Not sure if this is where your head is at but just want to help you go into it eyes wide open!