Truckee October 2007 Market Report

By
Real Estate Agent with Davis Yoder Group, Coldwell Banker Realty BRE# 01117410, 00705038

The Market Monitor

October 4, 2007

Re: Truckee Real Estate Market

Dear Client;

Market Overview

The Market had a flurry in August as we reported last month. This as stated primarily was buyers that had been shopping all summer. September returned to the same pace as 2006 and we are set to end the year with the total number of sales close to or slightly less than 2006. Remember that 2006 was off about 30% from historical norms.

The lot market continues to be very anemic and some subdivisions have seen dramatic cuts in asking prices.

Tahoe Donner

The month experienced 17 sales versus 16 in 2006 and there was one home at $1 million with the majority of sales under $800,000. There was 1 lot sale and currently there are 73 offered for sale.

Lahontan

There was one home sale, asking price $1,650,000. There were no lot sales.

Old Greenwood/Grays Crossing

There were no home sales. There were 3 lot sales in Grays Crossing.

Northstar

There were 2 home sales and 5 condominium sales. One condominium was in the Village.

Glenshire/Sierra Meadows/Prosser/Donner Lake

There were 20 sales with 12 under $599,000. There were 2 sales over $1 million.

Squaw Valley / Alpine Meadows

There were 3 home sales in Squaw and 1 condo sale in the Village. Alpine had 1 home sale and 2 condo sales.

If you would like more detailed information or specific information related to your property, please do not hesitate to call.

If you know anyone that we can assist to become an owner in our beautiful area and be one of your neighbors, please let us know. If there is anything we can do to help you with your business, we would like to know.

Thank you for your support.

Sincerely,

Bob and Nancy

The Davis ♦ Yoder Realty Group

Keller Williams Boice Realty

www.truckeeinfo.com

www.tahoe.cc

ryoder@truckeeinfo.com

530-582-3313

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