california: Tahoe Donner, Truckee California real estate update October 2013
- 10/02/13 09:47 AM
The North Lake Tahoe and Truckee real estate market bottomed at the end of 2012. Demand was very strong in 2013 especially in the first quarter. The challenge for buyers was that inventory was tight. Inventory throughout the year has remained at the lowest levesl since record keeeping was commenced. The 3 minute video below provides a Tahoe Donner real estate market update for the first 3 quarters of 2013. The numbers are very interesting. Certainly different subdivisions and price ranges experienced different rates of appreciation. The subdivisions that had the steepest price declines recovered the most, following the national trend. … (0 comments)
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 … (0 comments)
california: July Market Report
- 07/07/08 06:19 AM
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 … (1 comments)
california: Truckee Market Report
- 06/13/08 04:40 AM
The Market Monitor June 4, 2008 Dear Client; Market Overview Headlines abound with all the problems across the country. They also highlight the number of investors in the market place. Just like the stock market, for everyone selling, there is someone buying. We still believe 2008 will have similar numbers to 2007. Certainly there have been some exceptional deals buyers have negotiated with market prices generally back to 2003 – 2004 levels. Sellers who bought in earlier years have still done exceptionally well with their investment. For first time buyers, this is a second chance with great prices and mortgage … (0 comments)
It's a power thing Real-estate market analyst Ernest V. Siracusa Jr. is experienced in pricing views in Southern California. He works for subdivision builders and developers, advising them on how much their new homes can sell for -- and how much more the same place with a panoramic sweep of the hills can command. What makes people pay so dearly for a view? It's status, for one thing, says Siracusa, and the quiet and pleasure a view affords. Californians are particularly view crazy, he … (0 comments)
The California Association of Realtors is estimating that there will be 350,000 unit sales in 2008 which is about equal to the mid 1990 rate before the boom happened. This is off from 625,000 sales in the peak years of 2004 and 2005.
California experienced one of the highest levels of investor sales 18% of the total sales up from a norm of 7%. It also had one of the highest levels of sub prime loan originations in the range of 25% of all sales.
The North Lake Tahoe and Truckee real estate market bottomed at the end of 2012. Demand was very strong in 2013 especially in the first quarter. The challenge for buyers was that inventory was tight. Inventory throughout the year has remained at the lowest levesl since record keeeping was commenced.
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