Archive for May, 2012

PostHeaderIcon Truckee and Lake Tahoe Real Estate Market Comparison between Jan-April 2012 vs. 2011 – Ups and downs!

Tahoe MLS Real Estate Sales Comparison between Jan-April 2012 vs. 2011.

Ups and downs!

Home sales are up as much as 50% in some areas of Truckee/Lake Tahoe but the Median price is down. This could indicate that market is still dropping, but could be leveling out is some markets. Sales Activity is strong, buyers are seeing the opportunity to buy with falling home prices combined with low interest rates. Inventory levels around Truckee and Tahoe Donner are still low, so if you’re thinking about selling this could be a good time to put your house up for sale.

PostHeaderIcon Lake Tahoe / Truckee MLS – REO (Bank Owned Property / Foreclosures) and short sale listings are down compaired to last month

In the last month REO (Bank Owned Property/Foreclosures) and short sale listings are down in both categories.  But if you look at single family homes, inventory is up slightly, whereas condos/townhomes is down.

Single Family:

  • 565 total active/active-contingent listings (up 4% from a total of 542 a month ago)
  • 97 REO/SS = 17% (down 9% from a total of 107 a month ago)
  • 21 REO (down 13% from a total of 24 a month ago)
  • 76 SS, of which 70% have offers working (down 8% from a total of 83 a month ago)

*For a complete list send me an e-mail at Greg@TahoeHomeHunter.com

*For a complete list send me an e-mail at greg@TahoeHomeHunter.com

 

 

Condos/Townhomes:

  • 224 total active/active-contingent listings (down 10% from a total of 248 a month ago)
  • 27 REO/SS = 12% (down 10% from a total of 30 a month ago)
  • 3 REO (down 25% from a total of 4 a month ago)
  • 24 SS, of which 54% have offers working (down 8% from a total of 26 last month)

 

REO and short sale listings are down in both categories; single family inventory is up slightly, whereas condos/townhomes is down.

 

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