market update: Truckee Home Sales Market Update 2011 - 03/12/12 09:01 AM
Truckee Home Sales Market Update 2011

Downtown Truckee photo taken by Leigh Storz  

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 … (3 comments)