Archive for the ‘Tips for Buyers’ Category

PostHeaderIcon LAKE TAHOE / TRUCKEE MLS REAL ESTATE MARKET UPDATE – June 2012 verses June 2011

Truckee/Tahoe MLS Real Estate Market Update - June 2012 verses June 2011

Please find above comparisons for specific areas within the TRUCKEE / LAKE TAHOE MLS for January – June 2012 versus the same period in 2011.

 

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.

 

PostHeaderIcon BANK OWNED/REO PROPERTY IN TAHOE DONNER – 12601 Bernese – $369,900

NEW BANK OWNED PROPERTY IN TAHOE DONNER:
* 12601 Bernese, Tahoe Donner
* Priced at $369,900
* 3/2/2 – Newly Remodeled
* Backs up to open space and on a flat lot

CLICK HERE FOR MORE INFORMATION: http://tsierra.paragonrels.com/publink/default.aspx?GUID=9377dde5-4e38-422f-b203-87dd103ece1e&Report=Yes

3/2/2/ Newly Remodeled BANK OWNED Home in Tahoe Donner

PostHeaderIcon SKI FOR SCHOOLS – DISCOUNT LIFT TICKETS FOR SQUAW VALLEY/ALPINE, HOMEWOOD & SUGAR BOWL

GO to : http://exined.org/skiing-schools

Excellence in Education board members enjoying the snow at Northstar’s 2010 Skiing for Schools date!

2011 – 2012 Skiing for Schools Dates

On selected days, the participating resorts are offering skiers and snowboarders special discounted lift tickets and the opportunity to support education. The proceeds from your lift ticket purchase go directly to the Excellence in Education Foundation, which provides enhanced educational opportunities for our local students.

Sugar Bowl – Saturday – Friday, December 17- 23 – $35 lift tickets valid any one day from December 17 -23. Purchase tickets the week prior to the valid period at Porters in Truckee or Tahoe City. Thank you for your support!

Northstar – Sunday – Friday , January 8 -13 – $40 lift tickets valid any one day from January 8 -13. Purchase tickets the week prior at Porters in Truckee or Tahoe City. Sold Out! Thank you!

Tahoe Donner Cross Country – Sunday – Friday, January 8 – 13 – $15 trail passes valid any one day from January 8 – 13. Purchase tickets the week prior at Paco’s in Truckee or Alpenglow in Tahoe City. Thank you for your support!

Tahoe Cross Country – Sunday – Friday, January 22 – 27 – $15 lift tickets available the week prior at Paco’s in Truckee or Alpenglow in Tahoe City. Thank you for your support!

Royal Gorge – Monday – Sunday, January 30 – February 5 – $15 trail pass valid any one day from January 30 – February 5. Passes are available the week prior at Paco’s in Truckee or Alpenglow in Tahoe City. Thank you for your support!

Tahoe Donner Ski Area – Sunday – Friday, January 30 – February 5 – $25 lift tickets valid any one day from January 30 – February 5. Purchase tickets the week prior at Porters Sports in Truckee or Tahoe City. Thank you for your support!

Homewood – Sunday – Friday, March 18 – 23 – $30 lift tickets available the week prior at Porters Sports in Truckee or Tahoe City.

Sugar Bowl- Saturday – Friday, March 24 -30 – $35 lift tickets valid any one day from March 24 -30. Purchase tickets the week prior at Porters Sports. Tickets will be sold until March 23 or until sold out.

Squaw Valley USA and Alpine Meadows – Sunday, April 15 to end of the season – $35 lift tickets valid any one day at either resort from April 15 to the end of the season. Purchase tickets the week prior at Porters Sports.

Purchase downhill ski tickets the week prior to the valid ticket period at Porters Sports locations (Truckee and Tahoe City). Purchase cross-country passes in advance at Paco’s in Truckee and Alpenglow in Tahoe City. A limited supply of tickets are sold on a first-come, first-served basis and will not be available at the resorts the day(s) of the event. Check and cash are preferred form of payment. Tickets are not refundable. All Skiing for Schools proceeds are donated to Excellence in Education through your lift ticket purchase and the generous support of participating ski resorts.

For more information, please call 530-550-7984
.
Fundraising Programs
Skiing for Schools

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 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 Real Estate Home Sales in Truckee / Lake Tahoe MLS in Tahoe Donner in our Tahoe MLS from January – July of 2011 compaired with 2010

Lake Tahoe - Truckee - Tahoe Donner Real Estate Sales from 1/1 -7/1 compaired with 2010 to 2111

Tahoe / Truckee Real Estate stats for January-July 2011 as compared to the same period for 2010. For Tahoe Donner, the median prices were either up or stayed the same, for both single family and condos/townhomes. The median price for Serene Lakes was up as well, although number of units sold was down. Almost all other median prices listed were the same or slightly down.

PostHeaderIcon Home Sales in Truckee / Lake Tahoe MLS in Tahoe Donner and other ares of our Tahoe MLS from January – April of 2011

Lake Tahoe and Truckee Home Sale (REAL ESTATE) in the Truckee Tahoe MLS for single family homes for the entire MLS, January-April 2011 actually had slightly more sales than the same period 1 year ago (+1%). Condos/townhomes were substantially lower (-22%). Tahoe Donner had less sales this year versus the same period in 2010 for both single family and condos/townhomes, whereas single family in Truckee as a whole was exactly the same for this period.

Home Sales in Truckee / Lake Tahoe MLS in Tahoe Donner and other ares of our Tahoe MLS from January - April of 2011

PostHeaderIcon TAHOE SNOWFALL YEARLY TOTALS SINCE 1879-2010 AT DONNER SUMMITT

IS THIS THE YEAR WE BREAK THE SNOWFALL RECORD? 

We have received almost 750” of snow this year, which is about 62 feet of snow (enough to cover a 5 story building). We need to get a total of 840 inches to make this the snowiest year ever breaking the 1938 record.  If you’re wondering what were the five snowiest winters at Norden (in order) are – 1938, 1952, 1880, 1890 and 1895. 

Records have been kept since 1878 marking it the longest data set in Sierra Nevada. The Tamarack station, at 8,000 feet elevation in Alpine County, was active for a relatively short period of time.  Not only was the seasonal snowfall record was set there, but California’s greatest snow depth of 37.6 feet was measured there in 1911.  The United States greatest monthly snowfall record of 32.5 feet occurred there during January 1911. 

To put the 2011 season in perspective, as of March 28th we are in the top 10 years of the most snow.  See below and attached the Donner Summit Snowfall from 1879 – 2010 by the CSSL.  

Tahoe Snowfall Yearly Totals from 1879 – 2010
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