Archive for the ‘Timilick’ Category

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PostHeaderIcon BANK OWNED / REO / SHORT SALE – Homes For Sale in Lake Tahoe & Truckee, Ca

Bank Owned / REO / Short Sale Homes For Sale

To see all Bank Owned / REO / Short Sale Homes For Sale in Lake Tahoe and Truckee MLS, click the links below :

PostHeaderIcon Excellence in Education Foundation Offers 2 Great DEALS – Discount Ski and Golf Tickets!

As a board member of our local (Truckee) Excellence in Education Foundation, I’d like to make you aware of a couple of great offers:

  • Our Skiing for Schools partnership with local ski areas has one last special thru the end of this year’s ski season (see attached).  The purchase of a $35 lift ticket is valid any one day at either Squaw Valley or Alpine Meadows from April 15th thru the end of the season (including weekends!).  If anyone is interested, I’d be happy to purchase the ticket(s) for you and you can just bring me a reimbursement check or cash and pick up the ticket(s) here at Dickson in Truckee.
  • Our Golfing for Schools partnership offers a golf card (transferable) good for one round at each of the following golf courses, for 18 holes of play:  Coyote Moon, Gray’s Crossing, Northstar, Old Brockway, Old Greenwood, Resort at Squaw Creek, Tahoe City and Tahoe Donner.  The cost of the card has been drastically reduced this year to only $295!  If any of you have ever played any of these courses, you’ll realize what an incredible deal this is.  Carts are not included (most courses do allow walking), and some retrictions apply.  The golf cards (limited to a total of 275) will be available for sale starting May 5th.

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!

PostHeaderIcon Lake Tahoe / Truckee Home Sales are Up!

LAKE TAHOE & TRUCKEE HOMES SALES ARE UP IN 1ST QUARTER OF 2010

Single Family home sales are up over 50% in the first quarter of 2010 compared to that of the same time last year.  In our Tahoe MLS from January – March 2010 we had a total of 198 SF sales compared to 103 sales in the same period in 2009.  A majority of the sales in 2010 were based on Short Sale and Bank Owned property.

The median price down in 2010 by almost 30% (contributed to the distressed properties) at a value of just over $500,000.  Tahoe home values are what they were in the early 2000s.

Our high-end homes (values over $1,000,000) are still struggling but seem to doing better than last year, up almost 70%.

We are still seeing some great opportunities and will for awhile.  So if you have been considering that vacation property in Tahoe, it is a great time to start looking.  If you have any questions regarding our real estate market or just what more information about the Lake Tahoe area.  Give me a call anytime (530) 448-9830 or go to my new TAHOE BLOG at www.TahoeTruckeeProperty.com.

Happy House Hunting

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