Archive for February, 2012

PostHeaderIcon REAL ESTATE IN TRUCKEE / LAKE TAHOE – REO/Short Sales Lists as of 2/2/12

Single Family:
• 571 total active/active-contingent listings (down 9% from a total of 630 a month ago)
• 124 REO/SS = 22% (down 13% from a total of 142 a month ago)
• 27 REO (down 25% from a total of 36 a month ago)
• 97 SS, of which 59% have offers working (down 8% from a total of 106 a month)

Condos/Townhomes:
• 231 total active/active-contingent listings (down just 1% from a total of 233 a month ago)
• 32 REO/SS = 14% (down just 9% from a total of 35 a month ago)
• 6 REO (down 33% from a total of 9 a month ago)
• 26 SS, of which 62% have offers working (no change from last month)

Although there’s not a significant change in the condo/townhome statistics for distressed properties (except for 1/3 less REOs), on the ‘single family’ front, this is 2 months of significant drops in number of REO/Short Sale properties on the market. At the beginning of December, there were a total of 171 single family REO/SS listings (active and active-contingent); today there are 124, a 27% drop. Twould be nice if this were a trend!

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