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.

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.

• 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.

•  1306 Kings Way in Kingswood Estates
• Only 10 minutes from Lake Tahoe and Northstar
• Priced at $355,000
• 4/2.5/0 – Very private community

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

BANK OWNED / REO - 1306 Kings Way in Kingswood Estate

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

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

Tickets are limited and will sell out fast – order yours today! Tickets will be sent to you certified mail.

Alpine/Squaw Valley
January 29 to February 3rd (Sunday through Friday)

Northstar
February 7, 8 or 9 (Tuesday through Thursday)

Many thanks to Squaw Valley USA and Northstar/Vail Resorts for supporting art education for our local youth. By purchasing a discounted lift ticket you can enjoy a terrific time on the mountain while also ensuring over 4,000 students and families have access to visual art instruction, performing arts and cultural experiences in the mountains!

For more information about Arts For the Schools please visit www.artsfortheschools.org or call (530) 582-8278.

Happy New Year!

http://www.artsfortheschools.org/participate/ski_and_support_art_education.shtml

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!

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

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.

SKI MOST TAHOE RESORTS - Discount Tickets!

DISCOUNTED LIFT TICKETS AVAILABLE DURING SKIING FOR SCHOOLS DAYS

Discount ski and ride lift tickets to benefit local schools

Truckee, CA – Ski or ride at huge discounts when you pre-purchase Skiing for Schools lift tickets for a variety of participating resorts. This year ski areas have provided more flexibility as lift tickets will be valid for any one day within specified weeks. Downhill ski area tickets are available in advance at Porters in Truckee and Tahoe City and Nordic ski area tickets may be purchased at Paco’s in Truckee and Alpenglow, Tahoe City.

Make a note of this year’s Skiing For Schools locations and days.

• Sugar Bowl – $35 lift tickets valid any one day from Dec. 17-23

• Northstar California – $40 lift ticket valid any one day from Jan. 8 – 13

• Tahoe Donner Cross Country – $15 trail pass valid any one day Jan. 8 – 13

• Tahoe Cross County – $15 trail pass valid any one day Jan. 22- Jan. 27

• Tahoe Donner Ski Area – $25 lift ticket valid any one day from Jan. 30-Feb. 5

• Royal Gorge – $15 trail pass valid any one day from Jan. 30 – Feb. 5

• Sugar Bowl – $35 lift ticket valid any one day from March 24-30

• Squaw Valley – $35 lift ticket valid any one day from April 15-20

• Homewood Mountain Resort & Alpine Meadows – TBD

“We believe that this fundraiser takes full advantage of our many unique winter resorts,” explains Laura Abbey Brown, Executive Director of the Foundation. “We hope that people will take advantage of the great snow, get a great deal on tickets and support a great cause.”

Downhill tickets may be purchased in advance at Truckee and Tahoe City Porters Sports locations for the Skiing for Schools dates. Nordic passes may be purchased at Paco’s Truckee and Alpenglow, Tahoe City. A limited number of tickets are sold on a first come, first served basis and will not be available at the resorts the day of the event. Check and cash are preferred form of payment. Tickets are not refundable.

The proceeds from each lift ticket purchase goes directly to the Excellence in Education Foundation, which provides enhanced educational opportunities to local Tahoe/Truckee area students.

For more information and updates, visit www.exined.org.

The Tahoe Truckee Excellence in Education Foundation is a private, nonprofit organization that enhances public education within the Tahoe Truckee Unified School District to strengthen the learning experience for students. Each year the Foundation raises money and provides grants, resources and partnerships to benefit students, teachers and the educational community as a whole.

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