| |
The Market Monitor
June 2, 2010
Re: Truckee Area Real Estate Market
Dear Client;
Market Overview
The market is taking its seasonal cool down, which is typical for this time of year. Once skiing ends and summer is yet to start, the real estate traffic slows down dramatically. The weather has also been very challenging this spring. So, we will need to wait for the end of June to come and see what happens to the demand. There have been some incredible deals in the last couple of months, especially in the lot department.
Tahoe Donner
Home sales in Tahoe Donner have definitely slowed the last 2 months back to the levels of 2 years ago. A very telling stat is the sales to list ratio. The first 3 months were way over 100% which is huge, with normal being 65% for a balanced market and the last 2 months were in the 30% range which is very low. Inventory is growing quickly. There were 2 lot sales and asking prices are sliding down and eventually will find the level that buyers are interested in.
Lahontan/Martis Camp/Timilick
There was one home sale in Lahontan. Lot sales over the winter have been very strong in Martis Camp.
Old Greenwood/Grays Crossing
There was 1 townhome sale in Old Greenwood and the Sunset House in Grays Crossing went into contract as a short sale, asking price lowered to $1,900,000 from the initial $4.3 million.
Northstar
Northstar is staying robust with 5 home and condo sales. The highest home sale is $2,995,000.
Glenshire/Sierra Meadows/Prosser/Donner Lake
There were 17 sales which is quite a drop from the first of the year. The highest sales price was $650,000 and the median is $333,000. So it is still the entry level that is selling in this area.
Squaw Valley / Alpine Meadows
There were 9 condo sales in Squaw, 1 condo and 1 home in Alpine. Buyers are picking up the deals in the world class Squaw Valley ski area.
If you would like more detailed information or specific information related to your property, please do not hesitate to call.
If you know anyone that we can assist to become an owner in our beautiful area and be one of your neighbors, please let us know. If there is anything we can do to help you with your business, we would like to know.
Thank you for your support and referrals.
Sincerely,
Bob and Nancy
The Davis ♦ Yoder Realty Group
Keller Williams Boice Realty
www.truckeeinfo.com
ryoder@truckeeinfo.com
530-550-5175
The Tahoe Donner Real Estate market has been on fire since August of 2009. Sales of homes in Tahoe Donner for the last quarter is equal to the highest number of sales levels on record. Certainly buyers have been getting terrific deals and interest rates have been exceptionally favorable. What would one attribute to this phenomenon? The buyer for second home real estate belongs to a very narrow demographic group. The Davis Yoder Realty Group has consistently represented the most buyers for Tahoe Donner Real Estate, so we have a pretty good pulse on the market.
Buyers were waiting for prices to get to levels that they felt were right for market conditions. Bank foreclosures and subsequent resale typically lower the asking prices faster than a market would where buyers slowly adjust their asking prices. There always are the best deals in the marketplace or most desirable properties. We saw this in Old Greenwood, another planned recreation community in the Truckee area. There were a lot of buyers watching this market as prices moved down. Finally one of our clients took advantage and bought a great home. A lot of buyers were watching that home and unfortunately all they got to do was watch as our client completed an exceptional deal. Then the buyers started acting on the other homes and a total of 12 sold in a 6 month timeframe where normally only 1 would. Unfortunately by waiting, you may not get the home you really wanted.
The Tahoe Donner Real Estate market has experienced the same thing and once buyers decided to put their money down, the flood gates opened. So sales in Tahoe Donner have been very robust. There are a number of factors why this has been the most active community in the area and we will discuss that in a later post, but certainly one reason is the many amenities that are in place. Prices are still very attractive for buyers looking for Tahoe Donner Real Estate and we would encourage them to contact us to find out about the best deals. Tahoe Donner will continue to be a very desirable community.
It is a different market out there than 1 year ago.
The Market Monitor
December 4, 2009
Re: Truckee Area Real Estate Market
Dear Client;
Market Overview
Holy mackerel Batman can you say hot chili. This market just continues to roll. This could be the biggest November since we started keeping monthly market stats in 1992. Multiple offers, all price ranges, lots of cash deals and in multiple areas. The buyer snowball is rolling and the great deals are disappearing.
Tahoe Donner
There were 44 home sales holy wow! No lot sales, sellers are still keeping their asking prices up.
Lahontan/Martis Camp/Timilick
There were two home sales in Lahontan and 2 in Timilick. There was 1 lot sale in Lahontan, 2 in Martis and 1 in Timilick
Old Greenwood/Grays Crossing
There was one home sale in Grays and several fractional sales in Old Greenwood under $80,000 sales price. There were 5 lot sales in Grays and 1 in Old Greenwood,
Northstar
There were 5 home sales.
Glenshire/Sierra Meadows/Prosser/Donner Lake
There were 44 residential sales with a median price of $370,000. Affordability is back with great prices and great interest rates. Short sales accounted for 50% of the sales in this area.
Squaw Valley / Alpine Meadows
There were 8 condo sales in Squaw and 4 home sales in Alpine Meadows.
If you would like more detailed information or specific information related to your property, please do not hesitate to call.
If you know anyone that we can assist to become an owner in our beautiful area and be one of your neighbors, please let us know. If there is anything we can do to help you with your business, we would like to know.
Thank you for your support and referrals.
Sincerely,
Bob and Nancy
The Davis ♦ Yoder Realty Group
Keller Williams Boice Realty
www.truckeeinfo.com
ryoder@truckeeinfo.com
530-550-5175
The Market Monitor
August 3, 2009
Re: Truckee Area Real Estate Market
Dear Client;
Market Overview
We are in the midst of the summer selling season and July was off from the big numbers in June but in line or ahead of the same selling period the last 4 years. The number of sales is still significantly ahead of last year and numerous subdivisions are seeing lots of activity.
The market segment that is getting the most attention is the lower end, under $500,000. It was not very long ago that this market segment did not even exist. First time homebuyers are able to get into the market with lower prices, tax incentives and favorable loan rates.
The upper end especially over $1 million is very challenged. The sales numbers are down dramatically and inventory is up. There have been 50 sales over $1 million this year versus 98 last year. The reduction has been fueled by Tahoe Donner where there are 35 less sales over $1 million this year. The overall inventory has not grown significantly this year and is still below normal levels.
The land market continues to be anemic and prices are down 50% to 75%.
Tahoe Donner®
There were 20 home sales with the highest being $859,000. The over $1 million market is way off from last year. There have been 6 sales this year versus 41 last year to this date. From this time forward until the end of 2008 only 2 more homes over $1 million sold. So in other words there were 41 sales the first 7 months of 2008 and there have been 8 in the last year. Currently there are 35 for sale indicating a 4 year supply at this sales level.
The short sale category, those homes that have a higher mortgage than the home value are now growing exponentially. Over 50% of the sales are now short sales.
Inventory levels for the total housing market are below last year.
There were 2 lot sales, one being a multi family lot.
Lahontan/Martis Camp/Timilick
There was 1 home sale in Lahontan and 1 townhome in Timilick. There have been 7 sales so far this year which is right on the historical pace.
There were 2 lot sales in Martis Camp.
Old Greenwood/Grays Crossing
There were 2 home sales in Old Greenwood. There have been 11 home sales in Old Greenwood this year which is right off the charts for sales numbers. There have been 2 home sales in Grays.
There were 2 lot sales in Old Greenwood and 1 in Grays Crossing.
Northstar
There were 3 home sales, 2 village condo sales and 1 townhome. There have been 11 home sales this year which is right on historical pace.
Glenshire/Sierra Meadows/Prosser/Donner Lake
There were 42 home sales which is a very big month. The median price is $394,000 so it is the entry level of the market. Of these sales about 50% were short sales.
Squaw Valley / Alpine Meadows
There were 8 sales in Squaw and 3 in Alpine Meadows. Prices especially in Squaw have eroded to a level that buyer interest is being generated. There have only been 10 closed sales in Squaw up to this date, so 8 sales in one month is a big jump.
If you would like more detailed information or specific information related to your property, please do not hesitate to call.
If you know anyone that we can assist to become an owner in our beautiful area and be one of your neighbors, please let us know. If there is anything we can do to help you with your business, we would like to know.
Thank you for your support and referrals.
Sincerely,
Bob and Nancy
The Davis ♦ Yoder Realty Group
Keller Williams Boice Realty
www.truckeeinfo.com
ryoder@truckeeinfo.com
530-550-5175
The Market Monitor
November 1, 2008
Re: Truckee Area Real Estate Market
Dear Client;
Market Overview
The market experienced a slow down the last 2 weeks of October. There were 2 sales in Old Greenwood, which has been very slow so far this year. Tahoe Donner saw 4 home sales in the $1,400,000 range. All in all sales off but definitely interest in our market.
The lot market was still very slow.
Tahoe Donner
There were 12 home sales with 4 sales over $1 million. There were 3 lot sales. Lahontan There were no home sales.
Old Greenwood/Grays Crossing
There were 2 home sales in Old Greenwood, no sales in Grays Crossing.
Northstar
There was one home sale, asking price $3,125,000.
Glenshire/Sierra Meadows/Prosser/Donner Lake
There were 12 home sales concentrated in the lower end of the market.
Squaw Valley / Alpine Meadows
There were 3 home sales in Alpine Meadows and one condo sale in Squaw.
If you would like more detailed information or specific information related to your property, please do not hesitate to call. If you know anyone that we can assist to become an owner in our beautiful area and be one of your neighbors, please let us know. If there is anything we can do to help you with your business, we would like to know.
Thank you for your support.
Sincerely,
Bob and Nancy
The Davis ♦ Yoder Realty Group
Keller Williams Boice Realty
www.truckeeinfo.com
ryoder@truckeeinfo.com
530-550-5177
The Market Monitor
November 1, 2008
Re: Truckee Area Real Estate Market
Dear Client;
Market Overview
The market experienced a slow down the last 2 weeks of October. There were 2 sales in Old Greenwood, which has been very slow so far this year. Tahoe Donner saw 4 home sales in the $1,400,000 range. All in all sales off but definitely interest in our market.
The lot market was still very slow.
Tahoe Donner
There were 12 home sales with 4 sales over $1 million. There were 3 lot sales. Lahontan There were no home sales.
Old Greenwood/Grays Crossing
There were 2 home sales in Old Greenwood, no sales in Grays Crossing.
Northstar
There was one home sale, asking price $3,125,000.
Glenshire/Sierra Meadows/Prosser/Donner Lake
There were 12 home sales concentrated in the lower end of the market.
Squaw Valley / Alpine Meadows
There were 3 home sales in Alpine Meadows and one condo sale in Squaw.
If you would like more detailed information or specific information related to your property, please do not hesitate to call. If you know anyone that we can assist to become an owner in our beautiful area and be one of your neighbors, please let us know. If there is anything we can do to help you with your business, we would like to know.
Thank you for your support.
Sincerely,
Bob and Nancy
The Davis ♦ Yoder Realty Group
Keller Williams Boice Realty
www.truckeeinfo.com
ryoder@truckeeinfo.com
530-550-5177
 <!--[endif]-->
The Market
Monitor
November 1, 2008
Re: Truckee Area Real
Estate Market
Dear Client;
Market Overview
The market experienced a slow down the last 2 weeks of
October. There were 2 sales in Old Greenwood, which has been very slow so far
this year. Tahoe Donner saw 4 home sales in the $1,400,000 range. All in all
sales off but definitely interest in our market.
The lot market was still very slow.
Tahoe Donner
There were 12 home sales with 4 sales over $1 million. There
were 3 lot sales.
Lahontan
There were no home sales.
Old Greenwood/Grays
Crossing
There were 2 home sales in Old Greenwood, no sales in Grays
Crossing.
Northstar
There was one home sale, asking price $3,125,000.
Glenshire/Sierra Meadows/Prosser/Donner Lake
There were 12 home sales concentrated in the lower end of
the market.
Squaw
Valley / Alpine Meadows
There were 3 home sales in Alpine Meadows and one condo sale
in Squaw.
If you would like more detailed information or specific
information related to your property, please do not hesitate to call.
If you know anyone that we can assist to become an owner in
our beautiful area and be one of your neighbors, please let us know. If there
is anything we can do to help you with your business, we would like to know.
Thank you for your support.
Sincerely,
Bob and Nancy
The Davis
♦ Yoder Realty Group
Keller Williams Boice Realty
www.truckeeinfo.com
ryoder@truckeeinfo.com
530-550-5175
<!--[endif]-->
The Market
Monitor
November 1, 2008
Re: Truckee Area Real
Estate Market
Dear Client;
Market Overview
The market experienced a slow down the last 2 weeks of
October. There were 2 sales in Old Greenwood, which has been very slow so far
this year. Tahoe Donner saw 4 home sales in the $1,400,000 range. All in all
sales off but definitely interest in our market.
The lot market was still very slow.
Tahoe Donner
There were 12 home sales with 4 sales over $1 million. There
were 3 lot sales.
Lahontan
There were no home sales.
Old Greenwood/Grays
Crossing
There were 2 home sales in Old Greenwood, no sales in Grays
Crossing.
Northstar
There was one home sale, asking price $3,125,000.
Glenshire/Sierra Meadows/Prosser/Donner Lake
There were 12 home sales concentrated in the lower end of
the market.
Squaw
Valley / Alpine Meadows
There were 3 home sales in Alpine Meadows and one condo sale
in Squaw.
If you would like more detailed information or specific
information related to your property, please do not hesitate to call.
If you know anyone that we can assist to become an owner in
our beautiful area and be one of your neighbors, please let us know. If there
is anything we can do to help you with your business, we would like to know.
Thank you for your support.
Sincerely,
Bob and Nancy
The Davis
♦ Yoder Realty Group
Keller Williams Boice Realty
www.truckeeinfo.com
ryoder@truckeeinfo.com
530-550-5175
<!--[endif]-->
The Market
Monitor
November 1, 2008
Re: Truckee Area Real
Estate Market
Dear Client;
Market Overview
The market experienced a slow down the last 2 weeks of
October. There were 2 sales in Old Greenwood, which has been very slow so far
this year. Tahoe Donner saw 4 home sales in the $1,400,000 range. All in all
sales off but definitely interest in our market.
The lot market was still very slow.
Tahoe Donner
There were 12 home sales with 4 sales over $1 million. There
were 3 lot sales.
Lahontan
There were no home sales.
Old Greenwood/Grays
Crossing
There were 2 home sales in Old Greenwood, no sales in Grays
Crossing.
Northstar
There was one home sale, asking price $3,125,000.
Glenshire/Sierra Meadows/Prosser/Donner Lake
There were 12 home sales concentrated in the lower end of
the market.
Squaw
Valley / Alpine Meadows
There were 3 home sales in Alpine Meadows and one condo sale
in Squaw.
If you would like more detailed information or specific
information related to your property, please do not hesitate to call.
If you know anyone that we can assist to become an owner in
our beautiful area and be one of your neighbors, please let us know. If there
is anything we can do to help you with your business, we would like to know.
Thank you for your support.
Sincerely,
Bob and Nancy
The Davis
♦ Yoder Realty Group
Keller Williams Boice Realty
www.truckeeinfo.com
ryoder@truckeeinfo.com
530-550-5175
|
|
Bob Yoder
Truckee,
CA
More about me…
Davis Yoder Realty Group
Address: 113822 Northwoods Blvd , Truckee, Ca, 96161
Office Phone: (530) 550-5178
Email Me
 Listings
Links
Archives
|
;)
;)
;)
