Current Interest Rates

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

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

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.

Truckee Real Estate Update

The real estate statistics listed below are broken down by area. The information represents sales for the dates October 13-November 13, 2010.

Glenshire
4 homes sold over the past month in Glenshire. The sold prices were $303,500, $315K, $322K, and $587,500. The homes were on the market an average of 106 days. 9 Glenshire homes are currently in escrow. 42 homes are currently listed in Glenshire. The average listed price is $662K. 11 of these are short sales and 3 are REOs.

Donner Lake
3 Donner Lake homes sold last month. The sold prices were $640K, $975K, and $1.5 million. The homes were on the market an average of 139 days. 3 Donner Lake homes are currently in escrow. There are currently 44 homes listed at Donner Lake with the average listed price of $975K. There are 4 REOs and 6 short sales. Click on the link to view current Donner Lake homes for sale.

Prosser
There are currently 16 homes listed in Prosser. 3 of these are REOs and 4 are short sales. 1 Prosser home is currently in escrow. 2 Prosser homes sold last month. The sold prices were $450K and $560K. The homes were on the market an average of just 26 days.

Sierra Meadows/Ponderosa Palisades
There are currently 23 single family homes listed in this area. 5 are short sales. The average listed price is $545K. 6 Sierra Meadows homes sold last month. The sold prices were $262K, $275K, $305K, $324,500, $337K, and $470K. The average days on market was 41 days. 2 homes are currently in escrow.

Tahoe/Truckee October 2010 Sold Propertes

This chart shows some of the sold properties in and around Truckee and Tahoe for October 2010. The graph represents single family home sales only and breaks down the sold properties by area. Another 81 single family homes sold during the month of October! There have been 689 total homes sold now year to date. Most of the activity last month was in Tahoe Donner with 26 homes selling. Also, on the North Shore of Lake Tahoe with 12 homes selling. The most expensive sold home last month was on the North Shore of Lake Tahoe selling for $3.9 million. The least expensive home was also on the North Shore and it sold for $150K.

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