Archive for the ‘Business Environment’ Category

PostHeaderIcon TAHOE DONNER MARKET REPORT – Single Family Homes Sold from 2002 – 2012

TAHOE DONNER MARKET "SOLD" REPORT from 2002 - 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 Monthly Sales Statistics for Tahoe / Truckee Real Estate – Sales from Jan – Nov of 2010 verses 2011

SOLD HOMES IN TAHOE / TRUCKEE FROM 1-11 of 2010 compaired 2011

Attached are the monthly statistics, comparing January-November, 2010 vs. 2011, including stats for short sales & REOs.

As I analyze these, I’m always looking for a trend, and the one thing that is apparent is that in most cases, the number of units sold is up this year over last. And in several areas/comparisons, short sales are up with REOs being down, which is a good sign. I know many of you are still challenged getting approvals, but it appears that the government’s directives to lenders to “get with the program and shorten the response time on short sale approval requests” may have had an impact.

Median prices, although still less this year than for the same period last year, are going up, with less of a drop than the comparisons for previous months. So hopefully that is a positive sign as well.

PostHeaderIcon TRUCKEE / LAKE TAHOE REAL ESTATE DISTRESSED PROPERTIES SOLD IN 2009 -2010

MARKET SNAP SHOT OF DISTRESSED PROPERTIES IN THE TRUCKEE / LAKE TAHOE MLS

Lake Tahoe and Truckee Real Estate market snapshot on Distressed properties (Foreclosures, REO, Bank Owned, Short Sales) is on the increase.

We have seen since 2009 an increase of 45% to  2010 and maybe over 50% in 2011.  Total of 221 SOLD in 2009, 330 SOLD in 2010 and already 141 Active properties For Sale in the beginning of 2011.  This means a we going to be seeing some great opportunities in the Real Estate market in the Truckee / Lake Tahoe area.

Here is a link to all of the SOLD Distressed Properties (BANK OWNED, REO AND FORECLOSURES)  in the Truckee / Lake Tahoe Area between for the year of 2010 – Total of 317 (219 around Truckee and Lake Tahoe area) properties: Click Here to View Listings  

Greg Poulsen
Dickson Realty, Truckee
Cell: (530) 448-9830
For All Bank Owned / Short Sale Properties in Tahoe: Click Here to View Properties
www.TahoeHomeHunter.com

PostHeaderIcon Tahoe Truckee Real Estate ~ Foreclosures / Bank Owned Property ~ National Graphs and Statistics

Foreclosure Graphs 8_15_10

FORECLOSURES ARE ON THE INCREASE!

PostHeaderIcon More Bank Owned / Foreclosure Properties Coming to Lake Tahoe/Truckee MLS

More Bank Owned / Foreclosure Properties Coming to Lake Tahoe/Truckee MLS

Visit us online to view all FORECLOSURES in Tahoe 

Now that the snow is melting in the Lake Tahoe / Truckee area we are starting to see a surge of new homes coming onto the market.

I have been doing a lot of BPOs (Broker Price Opinions – Appraisal) for the Banks in the Tahoe area, over 30 in the last few months.  Because of this we should be seeing more Bank Owned / Foreclosure Properties hitting the market in the near future.

Be sure to call if there are any homes you want to look at. The great homes at great prices sell fast – let us help you find one of these homes! We can easily arrange private showings for any home listed for sale. Call us when you are ready.

Or if you would like to start seeing all the great deals on property in Tahoe (Foreclosures, Bank Owned Property, REOs and Short Sales) don’t hesitate to call me or send me an e-mail and I can set you up, my cell (530) 448-9830 or e-mail me at Greg@TahoeHomeHunter.com

I have just set up a new Tahoe Blog site for more information on our Real Estate Market and general information about Tahoe!  INFORMATION ABOUT LAKE TAHOE / TRUCKEE MLS

Happy Home Hunting,

Greg Poulsen

Cell (530) 448-9830

Greg@TahoeHomeHunter.com

www.TahoeTruckeeProperty.com (New Blog Site)

www.TahoeHomeHunter.com

PostHeaderIcon LAKE TAHOE MLS / TRUCKEE MLS ~ Real Estate “SOLD” Market Report ~ 2008 verses 2009

Tahoe / Truckee Real Estate Market – SOLD PROPERTIES – 2008 verses 2009

 MLS Price Comparison Report for 2008 
Statistics for:, LD, CI, RN, BO, IC AND Status=SLD AND AND Date Range=01/01/2008-12/31/2008 As Of: 1/27/2010
 

 

Sold
Price Range Number of Listings Average Days On Market
  654 126
 
Number of Listings Average Days On Market Median Price Average Price Maximum Price Minimum Price
654 126 $591,500 $810,133 $20,000,000 $1

 

 MLS Price Comparison Report for 2009 
Statistics for:, LD, CI, RN, BO, IC AND Status=SLD AND AND Date Range=01/01/2009-12/31/2009 As Of: 1/27/2010
 

 

Sold
Price Range Number of Listings Average Days On Market
  790 124
 
Number of Listings Average Days On Market Median Price Average Price Maximum Price Minimum Price
790 124 $510,000 $667,365 $6,288,000 $33,000
 


2009 was a better year in the Tahoe Real Estate Market compared to that of 2008 (based on number of units SOLD).  But the Median price was down from $591,500 in 2008 compared to $510,000 in 2009 (the drop in price was largely contributed to Short Sales and Bank Owned Properties that hit the market in 2009).

 Is 2010 going to be a better year?  Only time will tell, but based on the activity in the market it looks like sales will be up and price could still drop.

Happy House Hunting

PostHeaderIcon Median Household Income by County (Lake Tahoe MLS / Truckee MLS) Across the United States ~ WHERE’S THE MONEY!

Where’s the MONEY?

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2008 Median Household Income by County

Download the full graphic from the Census Bureau here (PDF 574k)

Research & Statistics March 03, 2010 Where’s the green? 2008 Median Household Income by County Download the full graphic from the Census Bureau here (PDF 574k) Posted by Waco Moore on March 03, 2010

From Luxury Home Marketing ~ Luxury Insight’s BLOG: http://blog.luxuryhomemarketing.com/research_statistics/index.html

PostHeaderIcon BANK OWNED / SHORT SALE PROPERTY IN LAKE TAHOE / TRUCKEE, CA ~ mls

CLICK HERE TO SEE ALL BANK OWNED PROPERTIES IN TAHOE!

Stats since 2/1/10:

  • Single Family:  inventory down by 6 (down by 4 in the previous month, Dec to Jan).   REOs = 19 (17%), SS = 96 (83%), of which 59 have offers being negotiated w/banks (61%).
  • Condos/Townhomes:  inventory up by 5.  REOs = 15 (28%), SS = 38 (72%), of which 30 are “active-contingent” (79%).

Interesting to note that REO & SS condos are pretty up and down, but the inventory of single family homes have been slowly decreasing since the high of 137 on the market on 10/30/09.

PostHeaderIcon BANK OWNED (Foreclosures) in the Lake Tahoe / Truckee Region

 Foreclosures in the Truckee-Lake Tahoe Region

Real estate owned (REO) properties seem to be diminishing in the Truckee and North Lake Tahoe (California) areas.  Although new REO listings continued to increase through 2009 with a high of 45 coming on the market during the last quarter, the current listing inventory since the start of 2010 is down by approximately one-third.

According to an article in the San Francisco Chronicle, the government is scheduled to begin a program April 5 encouraging owners and banks to sell some of the homes they have not been able to “successfully modify” as “short sales” (selling for less than what is owed on the property).  If they are successful, it would potentially mean not foreclosing on those properties.  In practice, however, since many banks don’t have the capacity to pursue more of these labor-intensive sales, time will tell whether yet another government backed program will be successful.

To get more information about the current market in Tahoe or new BANK OWNED property coming to the market.  Send me an e-mail or call anytime to Greg@TahoeHomeHunter.com or go to www.TahoeHomeHunter.com.  My cell number is (530) 448-9830.

Happy House Hunting in Tahoe!

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