The Market Monitor

July 2, 2008

Re: Truckee Area Real Estate Market

Dear Client;

Market Overview

The market has experienced a little more activity the last few months versus 1 year ago. So, year to date we are pretty much right on pace with last year. Home inventory levels are slightly higher than last year and recent sales activity has been more concentrated in the lower ranges of the market. The last couple of weeks saw an increase in the number of sales over $1 million.

Land continues to be the most challenged segment of the market with inventory levels, extremely high. Prices are done dramatically and there are lots of good buys.

Historically June has been one of the slowest months for sales in our area. Typically the 4th week of June starts the summer season.

Tahoe Donner

Home sales were slightly above the rate of last year and there were no lot sales.

Lahontan

There were no home sales and 2 lot sales.

Old Greenwood/Grays Crossing

There were no home sales and 2 lot sales in Grays Crossing.

Northstar

There were no home or condo sales.

Glenshire/Sierra Meadows/Prosser/Donner Lake

There were 10 sales for the area which is slightly below normal. A Donner lakefront home, offered at $3,075,000 went under contract.

Squaw Valley / Alpine Meadows

There was one home sale in Alpine Meadows and no condo sales in either 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.

Sincerely,

Bob and Nancy

The Davis Yoder Realty Group

Keller Williams Boice Realty

www.truckeeinfo.com

www.tahoe.cc

ryoder@truckeeinfo.com

530-582-3313