Truckee Home Sales Market Update 2011
Looking at the number of homes sold in 2011, there is an activity increase of 15% over the previous years. This is largely due to an increase in both foreclosure and short sale activities. We have a 21% increase in foreclosure home sales and 31% increase in short sales.
The average days on market remained virtually unchanged while the 2011 average sales price decrease 8.5% from 2010.
Homebuyers are taking advantage of the lower home prices combining with the low interest rate to purchase either their primary homes or the vacation homes that they have been dreaming about.
Contact Ann Nguyen for the latest list of home listings in the Truckee Lake Tahoe area.
Originally posted at http://www.TahoeTruckeeHome.com
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