Squaw Valley has been significantly impacted by two factors over the last two years that have been the driver of the increase in sales for 2016. The first is that last ski season was a good one. And with 2017 off to a great start for snow, it will likely create another great ski season and year for real estate at Squaw Valley.
The second factor is a market adjustment by sellers in Squaw reducing their listing prices to aligned more with buyer’s perception of values. The overall market improvement is also a contributing element, but the two aforementioned points are the impetus for the sales increase in 2016 over 2015.
Below is a comparison of 2016 sales to 2015 for Squaw Valley homes and condos.
2016 | 35 | 2015 Squaw Home Sales | 11 |
$38 Million | Total Sales Volume | $14 Million | Total Sales Volume |
$1,125,000 | Median Price | $1,350,000 | Median Price |
| $1,529,000 | Average Price | $1,277,000 | Average Price |
2016 | 60 | 2015 Squaw Condo Sales | 35 |
$25 Million | Total Sales Volume | $18 Million | Total Sales Volume |
$374,000 | Median Price | $450,000 | Median Price |
| $416,000 | Average Price | $515,000 | Average Price |
In doing a basic comparison of Squaw vs. Northstar sales for 2016 two items jumped out as very interesting.
- The condo sales for Squaw compared to Northstar were identical in 2016 with 60 sales in each community. The Northstar average condo sale is over $300,000 higher due to the much higher end properties available making for $44 million in sales in Northstar vs. Squaw’s $25 million.
- There are far more studio and 1-bedroom condo sales in Squaw vs Northstar. 26 sales in Squaw in 2016 were studio or 1-bedrooms. 7 sales in Northstar in 2016 were studio or 1-bedrooms. In Squaw currently there are 6 condos in escrow vs. 2 in Northstar. 4 of those 6 condos are either studios or 1-bedrooms. I believe the reason for this is that families are more drawn to Northstar and then bigger condos and the more aggressive skiers without kids are attracted to Squaw.
