Interest Rates at an All Time Historical Low
June 30, 2009
This great chart shows the history of 30 year fixed interest rates from 1971 to 2009. It shows how they have gone up and down over the past few decades and how that compares to where they are at today. The highest interest rate during this time frame was in 1981 with rates at 16.63%. The chart shows that rates are currently at the historically lowest price ever! Click on the image below for an enlarged version of the chart.
Tahoe Donner Weekly Market Update
June 28, 2009
Quite a lot of activity in Tahoe Donner this past week (June 21-27, 2009). 14 new homes came on the market this past week. There are now a total of 161 active single family homes listed in Tahoe Donner. 8 homes went pending last week! Of the homes that went pending, 1 was listed for $294K, 3 were in the $300K range, 2 in the $500K range, 1 in the $700K range, and 1 in the $800K range. There are now 27 Tahoe Donner homes under contract! 5 homes sold this past week. 2 sold for $460K, 1 for $845K, 1 for $900K, and 1 for $1 million. The average days on market was 136 days. The average original list to sales price was 65% but 1 home sold for above asking price. The absorption rate in Tahoe Donner is around 17% (up from last week’s 15%) and there is about 6 months of inventory remaining. Click on the link for current listed Tahoe Donner Short Sales.
Truckee Real Estate Weekly Sales
June 28, 2009
This chart shows some of the sales activity in the Truckee area this past week (June 21-28, 2009). Lots of activity lately! The information was taken from our local Tahoe Sierra Multiple Listing Service.
| AREA | Current homes/ condos | # Shrt Sals | # REO | Low | High | Avg. | Avg. days listed | SFR Pend-ing | Sold SFR | |
| Tahoe Donner | 161 | 27 | 9 | 0 | $299,900 | $2,250K | $823,149 | 119 | 27 | 5 |
| Sierra Meadows/ Prosser | 51 | 1 | 8 | 1 | $289K | $4.5 mil. | $737,311 | 140 | 6 | 1 |
| Lahanton | 29 | 0 | 1 | 0 | $1,300K | $3,399K | $2,166,892 | 281 | 2 | 0 |
| Gray’s Crossing/ Old Green. | 24 | 6 | 1 | 1 | $995K | $3,495K | $1,743,231 | 185 | 2 | 0 |
| Northstar | 38 | 67 | 1 | 1 | $599,900 | $3,400K | $1,346,521 | 243 | 2 | 0 |
| Alpine M./ Squaw Vly. | 50 | 94 | 3 | 0 | $459K | $4,900K | $1,401,970 | 183 | 3 | 0 |
| Donner Lake | 37 | 13 | 1 | 0 | $319,900 | $3,950K | $1,146,029 | 150 | 2 | 0 |
| Glenshire/ Devonshire | 59 | 0 | 15 | 0 | $239K | $12,000K | $956,828 | 147 | 13 | 2 |
Truckee Summer Music in the Park
June 27, 2009
Truckee Music in the Park has begun! This is such a fun event for the whole family during the Summer months in Truckee. Local musicians and bands come out to play in the Truckee Regional Park every Wednesday starting June 17th going through August 26th. Many people bring a picnic dinner to enjoy on the grass while listening to music and some bands get people down in front to dance!
The Truckee Regional Park is located off of Brockway Road just a couple minutes from downtown Truckee. Hope you can make it to at least one concert this summer – they are definitely worth checking out!
2 Open Houses in Timilick on Saturday
June 26, 2009
Come check out these 2 gorgeous homes in Timilick that will be held open tomorrow! 10035 Chaparral Court & 10045 Chaparral Court will be held open Saturday, June 27th from 1:00 p.m. to 4:00 p.m.
Directions: from Interstate 80, take the 267 exit. Turn Right on Schaffer Mill Road, Right to Timilick gatehouse, Left on Timilick, Right on Chaparral Court.
See you tomorrow!
