Yes, well the trend continues to move forward – our numbers are up again!! Must be fall because typically these are the months when people finally decide to make a decision on a home. Buyers finally decide that they NEED a home in the mountains before the snow falls and Sellers decide that they don’t want to maintain a home for another winter. Last month’s 84 sales of condos and single family residences ratcheted up this month to a whopping 115!! Typically this trend will continue until Thanksgiving. Again, we are seeing more REO sales than short sales this month. Distressed property sales made up 24% of the solds for this month. Here are the statistics from the Tahoe MLS. The solds from September 1 – 30, 2009:
Tahoe Donner: 26 homes, (2 REOs, 1 short sale), 2 condos
Northstar: 4 homes, 6 condos
Glenshire, Cambridge, Juniper Hill, Juniper Creek, The Meadows: 5 homes (2 REOs)
Prosser Lake Area: 6 homes (1 REO, 2 short sales)
Sierra Meadows, Ponderosa Palisades, Winter Creek: 4 homes (1 REO) 2 condos (2 short sales)
Martiswoods, Ponderosa Ranchos: 2 homes (1 short sale)
Olympic Heights: 0 residential properties
Lahontan: 1 home
Timlick: 1 condo
Old Greenwood: 1 condo
Gray’s Crossing: 1 home (short sale)
Truckee Proper: 4 homes (2 REOs, 1 short sale), 1 condo
Donner Crest: 2 homes (1 REO)
Donner Lake: 2 homes, 1 condo
Donner Summit: 3 homes (1 REO)
West shore Lake Tahoe: 13 homes (2 REOs 1 short sale), 1 condo
Tahoe City: 2 homes, 2 condos
North shore Lake Tahoe: 5 homes (2 REOs), 1 condo
Kings Beach & Tahoe Vista: 5 homes
Alpine & Squaw Valley: 5 homes (1 short sale), 4 condos
Shared Ownerships – entire region: 1 $336,000 in Northstar (1/8th share)
Mobile Homes – entire region: 1 sale in Coachland -- $15,000
Condos and Homes sold over $1M in Truckee and North Lake Tahoe: 14
Highest priced home or condo sold: a $3,675,000 lakefront home located in Rubicon Bay. This 1716 square foot home was originally listed for $3,900,000 and on the market for 144 days, purchased with a conventional loan.
Lowest priced home or condo sold: $75,000 a little 2 bedroom, 1 bath home located in Floriston, CA. 84 days on the market, all cash and bank owned it was listed for $111,685. Sounds like pretty affordable housing!
The list to sell ration on the median was 95%. In other words, the homes sold within 87% of the list price. The median list price for this period was $475,000, median sale price was $449,000.
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