Truckee Weekly Sales Update

October 26, 2008

Here is a sales graph for different areas in and around Truckee for the week of October 19-26, 2008.

AREA Current homes/ condos Low High Avg. Avg. days listed SFR Pend-ing Sold SFR
Tahoe Donner 163 23 $359K $4.2 mil. $985,345 135 20 4
Sierra Meadows/ Prosser 47 1 $330K $4.5 mil. $724,625 121 5 0
Lahanton 32 0 $1,549K $7,950 K $3,182,515 277 0 1
Gray’s Crossing/ Old Green. 34 5 $1,079K $3,995K $1,905,147 166 1 0
Northstar 37 65 $749K $4,950K $1,606,243 198 1 1
Alpine M./ Squaw Vly. 51 88 $499K $5,750K $1,663,990 188 2 0
Donner Lake 45 3 $299K $3,950K $1,072,682 200 0 1
Glenshire/ Devonshire 61   $275K $2,499K $731,591 133 6 1

Tahoe Donner Weekly Market Update

October 26, 2008

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The sales are still happening in Tahoe Donner. 5 homes went into escrow during the week of October 19-26, 2008. 3 were in the $400K-$500K range, and 2 were over $1.3 million. There are now 20 homes in Tahoe Donner that are under contract. 6 new homes and 1 new condo came on the market this past week to make a total of 163 active single family homes. 4 homes sold this week - 1 for $425K, $480K, $610K, and 1 for $730K. The average list to sales price was 96% (up from last week’s 95%) and the average days on market was 74 days (compared to last week’s 97 days). The absorption rate is currently 12% (last week it was at 15%) and there is still around 8 months of inventory remaining.

11956 Rhineland Avenue

October 23, 2008

Priced to sell now. NOT a short sale but has a SHORT SALE PRICE TAG. This home shows like a model. If you are looking for a turnkey home at an incredible value here it is. Sellers would let the furnishes go outside of escrow at a fraction of the price. Bright and light with views of the Carson Range from the living room and front deck. Back deck with hot tub faces greenbelt.

226 Basque

October 23, 2008

SELLERS ARE MOTIVATED!!! Bring all reasonable offers. Mountain craftsman style home. Great floor plan with room for everyone. Built with floors made of heart pine wood, high beam ceilings, designer colors, 5 stage hydronic heat, 18×8 swim spa, security system and much more. Enjoy the views of the meadow and golf course from your living room. Take a hike out your back door on Northstar’s trail system and don’t forget the freedom for all with the Northstar shuttle bus.

Tahoe Donner Weekly Market Update

October 21, 2008

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There is still quite a bit of activity in Tahoe Donner. 6 homes went into escrow this past week. 2 homes were in the $500K range, one at $800K, and 3 over $1 million. There are currently 22 homes under contract in Tahoe Donner. 6 new homes came on the market this week and there are now 148 active single family homes. 4 homes sold this week - 1 for $355K, 1 for $480K, 1 for $715K, and 1 for $1,040K. The average list to sales price was 95% and the average days on market was 97 days. The absorption rate for homes listed in Tahoe Donner is 15% and there is still about 6 1/2 months of inventory remaining.

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