Here's the wrap up for this month of July 2009. The amount of homes (including condos) sold increased from 63 last month to 82 this month. Tahoe Donner continues to lead the way with a total of 25 single family residences changing hands. Sales at Lake Tahoe seem to have increased with Tahoe City finally registering some statistics and Kings Beach and Tahoe Vista weighing in with more sales. The Westshore at Lake Tahoe also continues to carry its own increasing its sales from 5 to 8 this month. Some of the distressed properties, namely short sales are finally showing up in the "Sold" status. This means that banks are finally figuring out a strategy or at least a system for pushing these properties out of their pipeline. Clearly with 12 short sales and 8 REO's (bank owned) sold transactions (out of the total of 82), the distressed properties are playing a big part in the market. Here are the statistics from the Tahoe MLS. Solds from July 1 - 31, 2009:
Tahoe Donner: 20 homes, (2 short sales), 5 condos (1 REO)
Northstar: 2 homes, 4 condos (1 short)
Glenshire, Cambridge, Juniper Hill, Juniper Creek, The Meadows: 8 homes (3 short sales)
Prosser Lake Area: 3 homes (1 short)
Sierra Meadows, Ponderosa Palisades, Winter Creek: 2 homes, 1 condo (REO)
Martiswoods, Ponderosa Ranchos: 0 residential properties
Olympic Heights: 0 residential properties
Lahontan: 2 homes (1 REO)
Martis Camp: 1 home
Old Greenwood: 0 residential properties
Gray's Crossing: 0 residential properties
Truckee Proper: 2 condos (1 REO)
Adjacent to Tahoe Donner: 1 home (short sale)
Donner Lake: 2 homes (1 short sale)
Donner Summit: 3 homes (1 REO)
West shore Lake Tahoe: 7 homes (1 short sale), 1 condo
Tahoe City: 4 homes (1REO), 1 condo
North shore Lake Tahoe: 3 homes
Kings Beach & Tahoe Vista: 7 homes (1 short, 2 REO)
Alpine & Squaw Valley: 2 homes
Shared Ownerships - entire region: 1 (short sale) $64K in Old Greenwood
Mobile Homes - entire region: 0 sales
Condos and Homes sold over $1M in Truckee and North Lake Tahoe: 12
Highest priced home or condo sold: $3,600,000 Golf Course home in Martis Camp. A 6048 square foot home with 5 bedrooms, 6 baths, 3 car garage on 1.6 acres. Listed for $4,450,000 and sold after 363 days for CASH.
Lowest priced home or condo sold: $200,900 for a little 3 bedroom, 1 bath home in Kings Beach, built in 1955. Banked owned (REO) sold for CASH after 6 days on the market.
The list to sell ratio on the median was 97% . In other words, the homes sold within 97% of the list price.
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