New Martis Camp Ski Lift

Exciting news for Northstar and Martis Camp! There has been much talk of the new private ski lift from Martis Camp to Northstar. This new Martis Camp Express lift is now in the ground. The quad chairlift takes only four minutes to get to the top of the mountain. Three advanced ski runs have been extended into Martis Camp and a new intermediate trail has been added as well. Click on the link below to watch the video about the new chairlift.

New Ski Lift

Tahoe Donner Weekly Market Update

5 homes in Tahoe Donner sold this past week. 2 were in the $500K-$600K range and the other 3 were over $1.2 million. The average days on market was 127 days and the average list to sales price was 90%. The average sold price was $1,032,100. 5 homes went pending this week - 1 in the $400K range, 3 in the $700K range, and 1 over $1 million. 1 of these properties was a bank owned property, and 1 property was only on the market 6 days before it went under contract. There are now 14 homes that are under contract in Tahoe Donner. 9 new homes and 4 condos came on the market in Tahoe Donner this week. There are now 161 single family homes listed and 24 condos. The absorption rate is currently at about 9% and there is almost a year’s worth of inventory remaining.

Weekly Sales Graph for Truckee Area

Here is a graph showing sales for the past week in the Truckee area. The information was taken from our Tahoe Sierra Multiple Listing Service and the data is for sales from November 2 - November 9, 2008.

AREA	Current homes/ condos		Low	High	Avg.	Avg. days listed	SFR Pend-ing	Sold SFR
Tahoe Donner	161	24	$359K	$4.2 mil.	$968,990	136	14	5
Sierra Meadows/ Prosser	43	1	$339K	$4.5 mil.	$759,311	128	6	0
Lahanton	31	0	$1,549K	$7,950K	$3,063,612	247	0	0
Gray’s Crossing/ Old Green.	36	5	$899K	$3,995K	$1,879,194	143	1	0
Northstar	36	66	$749K	$4,950K	$1,514,777	202	1	0
Alpine M./ Squaw Vly.	46	85	$560K	$5,250K	$1,711,358	160	2	0
Donner Lake	29	3	$329,900	$3,950K	$1,161,920	182	0	0
Glenshire/ Devonshire	59	0	$275K	$2,950K	$745,577	143	5	0

Foreclosures & REOs in Truckee

Although the Tahoe Truckee area has not been hit too hard with the number of foreclosures, there are some properties in town that are bank owned. The following links are a few of the homes that pull up under “bank-owned” in our MLS. REO means Real Estate Owned and this means the house has already been foreclosed on and is now in possession of the bank.

Glenshire REO
Tahoe Donner REO
Winter Creek REO
Prosser Lakeview Estates REO
Old Greenwood REO

Tahoe Donner Weekly Market Update

The sales activity in Tahoe Donner has continued this past week. 2 homes and 1 condo went into escrow. The condo was listed for $435K, 1 home was listed for $616K, and 1 was listed for $369K. There are currently 16 homes and 2 condos under contract in Tahoe Donner. There were quite a few new listings this past week - 10 new homes and 2 new condo listings. All new listing were in the $400K-$900K range. There are currently 162 single family homes listed in Tahoe Donner. 5 homes sold this week - 1 for $490K, 1 for $515K, 1 for $610K, 1 for $690K, and 1 for $765K. The average days on market was 51 days (down significantly from past months) and the average list to sales price was 96%. The absorption rate is now around 10% and there is about 10 months of inventory remaining.

Truckee Weekly Sales Graph

Here is a graph for weekly sales in the Truckee area. The information was taken from our Tahoe Sierra Multiple Listing Service and the data is for sales from October 26 - November 2, 2008.

AREA	Current homes/ condos		Low	High	Avg.	Avg. days listed	SFR Pend-ing	Sold SFR
Tahoe Donner	162	22	$359,900	$4,200K	$972,187	132	16	5
Sierra Meadows/ Prosser	47	1	$330K	$4,500K	$792,731	120	4	1
Lahanton	31	0	$1,549K	$7,950K	$3,162,951	266	0	0
Gray’s Crossing/ Old Green.	32	5	$899K	$3,995K	$1,860,187	148	2	0
Northstar	37	64	$749K	$4,950K	$1,545,702	198	1	1
Alpine M./ Squaw Vly.	45	87	$560K	$4,900K	$1,648,833	185	2	1
Donner Lake	29	3	$329,900	$3,950K	$1,185,717	168	0	0
Glenshire/ Devonshire	59	0	$275K	$2,499K	$739,120	140	5	3

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.

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