Welcome to Truckee Realty Blog! On this site you can find up to date information on the real estate market in Truckee including weekly Tahoe Donner market updates, market stats, neighborhood information about Truckee, in depth market updates for the Truckee Real Estate Market by price band, and much more! Feel free to actively participate by asking questions or leaving comments to discuss the market in Truckee.
October 2, 2011
Alpine Meadows, Squaw Valley and Northstar Real Estate Update
The following graphs shows some of the Truckee and Lake Tahoe real estate stats in the ski resort areas. The numbers are for the 3rd quarter (July 1-September 30) for the years 2005-2011. The numbers represent single family home sales in Alpine Meadows, Squaw Valley, and Northstar.
The first graph shows the average price/square foot for home sales in each area. The second graph shows the number of homes sold for the first quarter in each area.
The information was taken from the Tahoe Sierra Multiple Listing Service. Click on the images below for an enlarged versions of the graphs.
October 2, 2011
Tahoe Donner 3rd Quarter Real Estate Stats
These graphs show some of the market numbers for Tahoe Donner for the past 6 years. Both graphs represent sales for single family homes in the 3rd quarter (July 1-September 30). The first graph shows the average price/square foot for homes sold and the second graph shows the number of homes sold.
The information was taken from the Tahoe Sierra Multiple Listing Service. Click on the images for enlarged versions of the graphs.
September 28, 2011
Northstar Real Estate Update
Below is a breakdown of the Northstar Real Estate market for Jan.1st to Aug. 31st 2011.
NORTHSTAR HOMES
18 single family homes sold consisting of 3 REOs, 1 short sale and 14 standard status closings. An average of 159 days on the market. With an average sold price of $930,514.There are 5 homes currently in escrow and 34 active homes listed on the MLS. The absorption rate is 15%.
BIG SPRINGS (NORTHSTAR HOMES)
3 Big Springs homes have sold, all standard status closings. An average of 159 days on the market. With an average sold price of $2,101,666. 2 homes are currently in escrow with 9 active homes listed. The absorption rate is 22%.
NORTHSTAR CONDOS
23 Northstar condos have sold. 16 of these were in the Village at Northstar, of the 16, there were 3 REOs and 3 short sales. The average days on market were 169 days. The average sold price was $591,152. There are currently 8 condos under contract and 55 active condos listed… The absorption rate is around 15%.
NORTHSTAR HIGHLANDS
There have been no sales at the Highlands in 2011. 13 properties are currently in escrow and there are 9 properties listed. The current absorption rate is around 144%!
September 7, 2011
What is happening with the Real Estate Market Today? Below numbers are shown for Truckee & Tahoe Donner and other areas broken down by neighborhood.
In today’s overall Truckee market, 116 foreclosures/short sales and 108 sold homes in the last 60 days. 251 price reductions in the last two weeks and 49 new listings in the last 7 days. Inventory levels have gone up substantially with 1067 active single family homes listed in our MLS. Absorption rates have increased to 21% verses 11% in 2010. We have seen the number of sales increase to 22% from 2010 year to date sales with the median sales price declining 13%.
This graph shows how real estate numbers in 2011 compare with real estate numbers from last year. The real estate numbers below represent single family home sales in Truckee (including Donner Lake, Glenshire, Lahontan, Martis Camp, Old Greenwood, Gray’s Crossing, Sierra Meadows, and Prosser) and Tahoe Donner for 2011 year to date (Jan. 1-Sept. 6).
Truckee Real Estate Update 2011
This graph represents sold single family homes in 2011 broken down by each neighborhood. The information was taken from the Tahoe Sierra Multiple Listing Service and is for the dates January 1-September 6, 2011.
Truckee Real Estate Stats 2011
August 24, 2011
Golf Resort for Sale in Utah
Extraordinary development opportunity in Southern Utah!
Click on the image below for an enlarged version of the flyer. 
August 19, 2011
Great Opportunity in Truckee!
Description:
Great views, walking distance to town, park and the river! Owner will consider partnership or carry-back.
Listed price: $495,000
Click on the link for more information about this Truckee Property for Sale.
July 15, 2011
The following graphs shows some of the Truckee and Lake Tahoe real estate stats in the ski resort areas. The numbers are for the 2nd quarter (April 1-June 30) for the years 2005-2011. The numbers represent single family home sales in Alpine Meadows, Squaw Valley, and Northstar.
The first graph shows the average price/square foot for home sales in each area. The second graph shows the number of homes sold for the first quarter in each area.
The information was taken from the Tahoe Sierra Multiple Listing Service. Click on the images below for an enlarged versions of the graphs.
July 15, 2011
These graphs show some of the market numbers for Tahoe Donner for the past 6 years. Both graphs represent sales for single family homes in the 2nd quarter (April 1-June 30). The first graph shows the average price/square foot for homes sold and the second graph shows the number of homes sold.
The information was taken from the Tahoe Sierra Multiple Listing Service. Click on the images for enlarged versions of the graphs.
July 14, 2011
What is happening with the Real Estate Market Today? Below numbers are shown for the National Real Estate Market, our entire MLS, and just Truckee & Tahoe Donner.
Nationwide
Nationwide, great selection, discounted prices, and low interest rates are attracting buyers in large numbers. The problem is on the supply-side. There is a tremendous backlog of distressed properties that will take years to be absorbed by buyers. April marked the first time in 8 months that average home prices increased in our country’s 20 largest metro areas. Average home prices have lost over 32% of their value since their peak in June/July of 2006, bringing values back to 2003 levels.
Truckee & Lake Tahoe
The National Real Estate Market is a combination of thousands of local markets. Here is what is happening in our local area:
In the Lake Tahoe and Truckee areas the statistics for the first half of 2011 are mixed. Inventory levels have gone up a bit with 988 active single family homes listed in our MLS. The number of sales increased by 6% to 396 home sales in 2011 year to date. The average and median home sale price declined by 14% and 9% to $554,573 and $430,000 respectively. Total sales volume dropped by 8% to $219,611,029. On a positive note, 122 single family homes are currently in escrow which is a great way to start the 3rd quarter!
This graph shows how real estate numbers in 2011 compare with real estate numbers from last year. The real estate numbers below represent single family home sales in Truckee (including Donner Lake, Glenshire, Lahontan, Martis Camp, Old Greenwood, Gray’s Crossing, Sierra Meadows, and Prosser) and Tahoe Donner for the 2nd quarter 2011 (April 1-June 30).
Truckee Real Estate Update 2nd Quarter 2011
This graph represents sold single family homes in the 2nd quarter of 2011 broken down by each neighborhood. The information was taken from the Tahoe Sierra Multiple Listing Service.
Truckee Lake Tahoe Real Estate - Sold Homes 2nd Quarter 2011
July 11, 2011
With as many homes are there are listed out there, your home needs to stand above the rest! Here are a few tips for things you can do to help set your home apart.
Surveys show that staging pays off and often helps to sell a home fast. But your clients don’t have to spend thousands to make a big impact. Put the home center stage with these thrifty tips from Lowe’s:
1. First Impressions Count. Roll out the red carpet for potential home buyers by sprucing up your entryways, especially the one on a lockbox. Welcome mats, planters filled with seasonal flowers, and clutter-free foyers and hallways set the stage.
2. Sell the Space, Not Your Stuff. Remember that the goal of a successful showing is to make a prospect feel at home – like it’s theirs, not yours. Put away your extensive personal collections. Less is more: open up your space so prospects can actually see what they’re buying.
3. Paint and Elbow Grease Work Wonders. Fresh paint and a thorough cleaning will give you the greatest “bang for your buck.”
Remember that neutral walls are your best bet when staging a home for sale.
4. Go with the Flow. Arrange furniture for easy traffic flow. Consider placing a major piece of furniture at an angle, such as a couch or desk. Angles add interest and can create a more open feel.
5. See the Light. Move lamps to dark corners and arrange window treatments so that natural light floods your rooms. Brighter is better, and your rooms will look larger.
6. Go Green. Live plants can add decorative flair, without spending a bundle. Plants and cut flowers have a way of warming up a room.
7. Don’t Forget the Outdoors. If you have a porch, deck or patio, clean the furniture and replace worn cushions. Give your deck a fresh finish with a new stain and seal.
8. Make the Kitchen Sparkle. Declutter the countertops by removing toasters, food processors, and other non-decorative items. If you have a breakfast table or counter, put out a couple of table settings complete with place mats, napkins, and dinnerware.
9. Warm Up an Empty Home. If your home is vacant, consider renting furniture for key rooms, but don’t go overboard. Ask your real estate professional or stager for advice, based on your home’s unique features and selling points.
