tahoe: Has the Real Estate market bottomed?
- 07/23/12 08:55 AM
There are a lot of reports out there that the real estate has bottomed.The following chart provides a great visual of where the market is now. The information is provided by Chart of the Day. For some perspective on the all-important US real estate market, today's chart illustrates the inflation-adjusted median price of a single-family home in the United States over the past 42 years. Not only did housing prices increase at a rapid rate from 1991 to 2005, the rate at which housing prices increased -- increased. All those gains were given back during the following 6.5 years. Over the … (4 comments)
tahoe: Is now a good time to buy real estate?
- 07/19/12 04:55 AM
Every day I am asked if now is a good time to buy real estate. My question to you would be, after viewing the above table do you see a better time? The question is if prices will go lower, flatten out or start to rise. The answer is yes to all. It depends where you are. The lower price ranges in Phoenix are up 28% this year, the middle range is up a little and the high end is down. This can be said about many markets. Reno is on fire with less than 2 months inventory, Las Vegas … (0 comments)
The Market Monitor October 2, 2008 Re: Truckee Area Real Estate Market
Dear Client; Market Overview How is the market? We get that question wherever we go. Well, the facts are that in some areas, notably Tahoe Donner and Lahontan, the market is better than a year ago. Inventory has not gotten out of control and that is the most important gauge of the market. Areas in the country that have problems it is because inventory is through the roof. They simply built too many homes there. That is hard to do here do to scarcity of … (0 comments)
tahoe: 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)
tahoe: 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)
The market continues to chug along. Buyers have done very well with their purchases as we have seen some exceptional deals and homes selling at less than replacement cost and land selling at a tremendous discount to several years ago.
The number of closed sales is down 30%, the dollar volume down 25% and the median sales price for residential up 8%.
The current buyer activity is normal for this time of year and things will be … (0 comments)
tahoe: March 2008 Market Update
- 04/02/08 09:53 AM
The Market Monitor April 3, 2008 Re: Truckee Area Real Estate Market Dear Client; Market Overview The market continues to drift lower as measured by sales volume. There were a total of 60 residential properties go under contract in March. This equates to a 20 month supply of residential properties. While this is a dangerous number to use for our marketplace, as there are extreme seasonal changes in the market, it does give a picture of what is going on. This is a low number for this period especially since March included Easter this year and ski conditions and travel weather were … (0 comments)
tahoe: February 2008 Truckee-Tahoe Market Update
- 03/06/08 05:40 AM
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 … (1 comments)
The year 2007 will be well remembered as a major shift in the national real estate market. While the market actually peaked in 2005 in takes many years for the market to settle out and see just where it is at. The one thing our market has not experienced relative to other areas in the country is a significant increase in inventory.
Nationally, inventory levels are at all time highs. This creates a big drag on the market. … (1 comments)
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