Posts Tagged ‘Tahoe Real Estate Trends’

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 Who Says You Can’t Live in a House Under 100 Squre Feet!

Who Says You Can’t Live in a Small House………..

Who says you need 3000 square feet to live!  Jay is living and designing small homes (under 100 sf).  Jay Shafer went from 4,000 square feet to just 89 — and his downsized utility bill isn’t the only perk. 

CLICK HERE TO VEIW HIS STORTY: http://vitality.yahoo.com/video-second-act-jay-shafer-20910192

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 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!

PostHeaderIcon LAKE TAHOE / TRUCKEE REAL ESTATES ~ FORECLOSURES & SHORT SALES ~

 

Opportunities on TAHOE Real Estate ~ Bank Owned ~ Foreclosures ~ Short Sales

Click Here To View All BANK OWNED / SHORT SALE Properties In TAHOE: CLICK HERE TO VEIW PROPERTY INFORMATION 

We currently have 169 discounted properties in Lake Tahoe / Truckee MLS Area that are BANK OWNED or Short Sales.  Out of the 169 properties; 39 are BANK OWNED / Foreclosure / REO properties, 130 are Short Sales and out of the Short Sales properties 80 have offers on them.  

Keep checking back for new GREAT DEALS on Tahoe Properties!  

Happy House Hunting ~ TahoeHomeHunter

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