February 2008 Truckee-Tahoe Market Update

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The Market Monitor

March 4, 2008

Re: Truckee Area Real Estate Market

Dear Client;

Market Overview

The market continues on the path it was last year as far as sales volume. The difference this year is in the high end. Sales of homes over $1 million have been strong. Of the 72 single family home sales in February, 20 were over $1 million 8 were over $2 million.

The big money is still strong on our market.

Tahoe Donner

There were 20 homes in February with 5 over $1 million. The highest asking price was $1,375,000. There 2 lot sales.

Lahontan

There were 3 homes in February. There were no lot sales.

Old Greenwood/Grays Crossing

There were 2 home sales in Old Greenwood and none in Grays Crossing. There were no lot sales.

Northstar

There were 3 home sales and 2 condos.

Glenshire/Sierra Meadows/Prosser/Donner Lake

There were 19 home sales in the area for February.

Squaw Valley / Alpine Meadows

There were 5 condos and 1 home sale in Squaw. This is a big change for Squaw which has been very slow. There was one home sale in Alpine.

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,