Truckee Weekly Sales Update

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

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

226 Basque

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

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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