What Percentage Are Short Sales, REOs or Standard Sales?

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.