Truckee Real Estate Update
June 3, 2011
The real estate statistics listed below are broken down by area. The information represents sales for the month of May 2011.
Glenshire (including Glenshire, Devonshire, Sierra Bluffs, Elkhorn Ridge, Juniper Creek, & Juniper Hills)
11 Glenshire homes sold last month. 3 were REOs, 3 were short sales and the rest were standard sales. The lowest priced home sold for $200K and the highest price was $620K. The homes were on the market an average of just 85 days. There are currently 13 homes in escrow. 48 single family homes are listed in Glenshire. The average listed price is $773,302. 16 of these are short sales and 2 are REOs.
Donner Lake
2 homes sold at Donner Lake last month. 1 sold for $180K and the other sold for $550K. They were both standard sales. The average days on market was 119. 5 homes are under contract at Donner Lake. There are currently 33 single family homes listed. The average list price is $1.1 million. Click on the link to view current Donner Lake homes for sale.
Prosser
1 home sold in Prosser in May. The home was bank owned, on the market for just 33 days and sold for $264K. 1 home is in escrow in Prosser. 15 homes are listed. 3 are short sales and the rest are standard sales.
Sierra Meadows/Ponderosa Palisades (also includes Ponderosa Meadows, Ponderosa Ranch & Pinyon Creek)
2 homes sold here last month. 1 sold for $240K and the other for $312K. They were on the market an average of just 20 days. One was an REO and the other was a standard sale. 9 homes are pending in Sierra Meadows. There are 22 homes remaining on the market.
Truckee Real Estate Update
February 7, 2011
The real estate statistics listed below are broken down by area. The information represents sales for the month of January 2011.
Glenshire
3 homes sold in Glenshire last month. 1 was a short sale, 1 was an REO and 1 was a standard sale. The sales prices were $240K, $267K, and $615K. The average days on market was 147 days. 11 Glenshire homes are currently in escrow. There are 35 active single family homes listed in Glenshire. The average listed price is $743,568. 4 homes are REOs and 10 are short sales.
Donner Lake
1 Donner Lake home sold last month. It was a short sale on the market for 519 days and sold for $322,200. 4 homes are currently under contract at Donner Lake. 34 homes are listed. The average list price is $1,144,400. There are 2 REOs and 3 short sales currently on the market. Click on the link to view current Donner Lake homes for sale.
Prosser
2 homes sold at Prosser during the month of January. 1 was a short sale and 1 was an REO. They were on the market an average of 66 days. The sold prices were $175K and $400K. 4 Prosser homes are currently in escrow. There are just 10 active single family homes listed right now with the average listed price at $625,170. 2 homes are short sales and 2 are REOs.
Sierra Meadows/Ponderosa Palisades
There are currently 22 homes on the market in Sierra Meadows. 3 are short sales. The average listed price is $491,350. 1 home is in escrow. 3 homes sold last month in Sierra Meadows. The sold prices were $325K, $390K, and $665K.
Current Interest Rates
February 4, 2011
Recently Trulia compared the median list price with the median rent on two-bedroom apartments, condominiums, townhouses, lofts and co-ops listed on its website, and compared that to ownership costs including mortgage payments, property taxes and insurance. It determined that buying a home is cheaper than renting in 72% of the largest U.S. cities, led by Miami and Las Vegas. People have to live somewhere, right? And if your credit is shot… Trulia’s CEO stated, “Following the principles of supply and demand, renting has become relatively more expensive than buying in most markets.” RealtyTrac has reported that 2.87 million homes received notices of default, auction or repossession in 2010, while apartment vacancies are at a 2-year low. It is no surprise that the top 10 cities where buying is cheaper are all in Florida, Nevada, Texas, Arizona and California, as, except for Texas, those states were among the five with the highest foreclosure rates in 2010.
Click on the image to view an enlarged version of current interest rates!
Tahoe/Truckee November 2010 Sold Propertes
December 4, 2010
This chart shows some of the sold properties in and around Truckee and Tahoe for this past month-November 2010. The graph represents single family home sales only and breaks down the sold properties by area. 81 single family homes sold in our MLS last month! This makes 775 sold homes now year to date. Most of the activity last month was in Tahoe Donner with 18 homes selling. 10 homes sold in Glenshire and 10 homes on Lake Tahoe’s North Shore. The most expensive sold home last month was on the North Shore of Lake Tahoe selling for $9.5 million! The least expensive home sold in Glenshire for $210K.
Truckee Real Estate Update
November 21, 2010
This Truckee real estate report shows sales stats for some of the resort neighborhoods in Truckee including Lahontan, Martis Valley, Old Greenwood, Gray’s Crossing and Timilick. The sales data is for this past month (October 21-November 21, 2010). The information was taken from the Tahoe Sierra MLS.
Lahontan
There has not been too much activity in Lahontan this past month. No homes sold and there are currently no homes in escrow. 16 homes are currently listed and they are all standard sales (no short sales or REOs). Click on the link to view current Lahontan homes for sale.
Martis Camp
1 home sold in Martis Camp last month. The sale price was $2,195,000. There are currently 5 Martis Camp homes for sale (all standard sales).
Old Greenwood
There were no home sales in Old Greenwood last month and there are currently no homes in escrow. 5 homes are currently listed (also all standard sales). Click on the link to view current homes for sale in Old Greenwood.
Gray’s Crossing
1 home sold in Gray’s Crossing last month. The home was originally listed for $995,000, on the market for 103 days, and sold for $757,500. 3 homes are currently in escrow and 7 homes are currently listed. Click on the link to view current Gray’s Crossing Homes for Sale.
Timilick
There were no homes that sold last month in Timilick. No homes are in escrow. 1 Timilick home is currently for sale.
