What Percentage Are Short Sales, REOs or Standard Sales?
December 9, 2011
Truckee Short Sales & REOs
As with most real estate markets, the Truckee real estate market has seen a growing number in short sales and REOs over the past few years. But how many of the homes that are selling are short sales or REOs and how many are standard?
The following graphs represent single family home sales in the first quarter for the entire Truckee area (Truckee, Tahoe Donner, Donner Lake, Lahontan, and Martis Camp). The first graph shows numbers in 2010 – 57% of home sales were standard sales, 21% were short sales, and 22% were REOs. The second graphs shows numbers for 2011 (1/1/11-12/9/11) – 57% were standard, 21% were short sales, and 22% were REOs. (These percentages are the exact same in 2010 as in 2011). The last graph shows the percentages of single family homes currently on the market – 85% are standard, 9% are short sales, and 6% are REOs.
This information was taken from the Tahoe Sierra Multiple Listing Service. Click on the images for enlarged versions of the graphs.
Truckee Short Sales & REOs
November 22, 2011
A short sale means that the property is being sold for less than the balance of what is owed on the property. An REO (Real Estate Owned) is a property that has already been through the foreclosure process and is in possession of the bank. Click on the links below to see current short sales and REOs in the Truckee area.
Alpine Meadows/Squaw Short Sales
Donner Lake Short Sales & REOs
Tahoe Donner Short Sales & REOs
West Shore Lake Tahoe Short Sales & REOs
Truckee Real Estate Ski Resort 3rd Quarter Stats 2011
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.
Tahoe/Truckee Real Estate Update
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
Truckee Real Estate Ski Resort 2nd Quarter Stats 2011
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.
