Truckee Real Estate Market Update
August 24, 2008 · Print This Page
Here is a snap shot of the market in the Truckee area for the past week (August 17, 2008-August 24, 2008).
14 new homes came on the market in Truckee this past week. One of them already went pending! 4 other single family homes went into contract this week. There are currently 8 single family homes under contract in Truckee which gives the market an aborption rate of about 15%. One home sold this week. It was a short sale in Prosser that sold for $400K (on the market for 274 days, originally listed for $500K). 52 homes are actively listed giving us about 6 1/2 months of inventory still remaining.
| AREA | Current homes/ condos | Low | High | Avg. | Avg. days listed | SFR Pend-ing | Sold SFR | |
| Tahoe Donner | 184 | 38 | $299,950 | $5.5 mil. | $969,573 | 117 | 22 | 4 |
| Sierra Meadows/ Prosser | 52 | 3 | $270K | $2,695K | $783,421 | 105 | 8 | 1 |
| Lahanton | 29 | 0 | $1,695K | $7,950K | $3,293,879 | 242 | 1 | 0 |
| Gray’s Crossing/ Old Green. | 35 | 8 | $1,149K | $3,995K | $1,946,257 | 152 | 0 | 1 |
| Northstar | 41 | 64 | $799K | $4,950K | $1,606,925 | 150 | 2 | 0 |
| Alpine M./ Squaw Vly. | 49 | 92 | $499K | $5,750K | $1,777,408 | 177 | 6 | 1 |
| Donner Lake | 50 | 5 | $99,900 | $3,950K | $959,014 | 176 | 6 | 0 |
| Glenshire/ Devonshire | 60 | 0 | $279K | $2,950K | $754,725 | 131 | 5 | 0 |
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