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

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 Ranks in the Top 10 Places to Live…Again!

Truckee was ranked among the top 10 dream towns in the West. This is how they describe Truckee: “The laid-back Sierra Nevada mountain town is just three hours from San Francisco but worlds away in real-estate prices. It’s a tight-knit, outdoorsy community with good restaurants and year-round recreational fun — some of California’s best ski resorts are minutes away, as is Lake Tahoe.” According to the article, the median home price is around $539,000. I thought that sounded low, so I checked. For 2008 sales in Truckee, the median home sold price is $485,000. For Tahoe Donner, the median home sold price in 2008 is $615,000. I guess it’s pretty accurate then. Here’s the Article.

Truckee Real Estate Market Update

Sales in Truckee have picked up a little in the past couple weeks. 7 new homes came on the market this week in Truckee to make a total of 280 currently listed single family homes. 2 homes went into escrow this week - 1 in in Prosser and 1 in Sierra Meadows. There are currently 17 single family homes under contract in Truckee. 6 homes sold in Truckee this week. 5 of them were listed in the high $300K range to the high $400K range. The most expensive home was one in Northstar that sold for $1,075,000. The average list to sales price was 93%. The absorption rate in Truckee is currently around 6% and there is still about 16 months of inventory for the whole area. Here is a snapshot of the sales activity for the different neighborhoods in Truckee for the week of August 24, 2008-August 31, 2008.

AREA	Current homes/ condos		Low	High	Avg.	Avg. days listed	SFR Pend-ing	Sold SFR
Tahoe Donner	183	33	$299,950	$5.5 mil.	$617,466	106	23	3
Sierra Meadows/ Prosser	51	3	$270K	$2,695K	$780,821	109	7	2
Lahanton	30	0	$1,695K	$7,950K	$3,243,916	241	1	0
Gray’s Crossing/ Old Green.	36	8	$1,149K	$3,995K	$1,960,916	155	0	0
Northstar	41	62	$799K	$4,950K	$1,603,754	157	1	1
Alpine M./ Squaw Vly.	48	90	$499K	$5,750K	$1,787,395	184	6	0
Donner Lake	49	5	$329K	$3,950K	$972,653	165	3	3
Glenshire/ Devonshire	63	0	$279K	$2,950K	$762,077	132	3	2

Tahoe/Truckee Mid Year Residential Report 2008

This mid year residential report for the Tahoe/Truckee area was just published by our company. It compares pricing for this year compared to years past. This is what it has to say about Truckee:

Alpine Meadows/Squaw Valley to Truckee – Price declines were more moderate in this area than others. Median prices for single-family homes declined by 2% to $633,000. The average price actually posted a 2% gain to $833,000. Single-family sales volume declined by 16% dropping from $192.7 million to $161.6 million. Units sold were off 18% to 194. The median condo price increased by 7% and the average price moved up 12% to $944,136. These price increases were driven by new condo sales at premier developments in areas like Northstar. Overall, condominium sales declined with volume and unit sales down 31% and 38% respectively.

Click on the picture below to see the full report…

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