Tahoe Donner Market Snap Shot: July 1 - July 30, 2008
July 30, 2008
Tahoe Donner Single Family Homes Sold - July 2008
Single Family Homes SOLD = 13
Median List Price = $695,000
Median Sold Price = $671,000
Average Days on Market = 85
YTD TD SF Homes Sold = 100
Active Listings = 171
| Address | Original Price | Sales Price | Square Feet |
| 13893 Gryfalcon | $495,000 | $385,000 | 2142 |
| 11779 Oslo Way | $525,000 | $425,000 | 1440 |
| 16949 Northwoods | $499,000 | $479,000 | 1400 |
| 13595 Hansel | $549,000 | $505,000 | 1344 |
| 13986 Herringbone | $609,000 | $575,000 | 1692 |
| 10511 Mougle | $649,000 | $615,000 | 1720 |
| 13971 Skiview Loop | $695,000 | $695,000 | 2087 |
| 11940 Muhlebach | $699,000 | $671,000 | 2022 |
| 14060 Northwoods | $699,001 | $699,002 | 2100 |
| 11805 Chateau | $899,000 | $750,000 | 2477 |
| 11343 Sitzmark | $1,100,000 | $999,750 | 2509 |
| 11866 Skislope | $1,179,900 | $1,133,750 | 3280 |
| 14714 Tyrol | $1,425,000 | $1,260,000 | 3269 |
Tahoe Donner Condos Homes Sold - July 2008
Condos SOLD = 1
Median List Price = $297,000
Median Sold Price = $270,000
Average Days on Market = 88
YTD TD Condos Sold = 7
Active Listings = 44
Tahoe Donner Lots Sold - July 2008
Lots SOLD = 0
Median List Price = $299,000
Median Sold Price = no sales July ‘08
Average Days on Market = 182
YTD TD Lots Sold = 9
Active Listings = 71
(YTD = Year-To-Date)
This is provided as a quick snapshot of the monthly market activity in Tahoe Donner. Keep in mind, numbers only tell part of the story. We would be happy to share our day-to-day insight.
Huntoon Real Estate Monthly Newsletter
July 30, 2008
The Huntoon Real Estate Newsletter is a market snapshot of Tahoe Donner’s monthly sales statistics, real estate articles for buyers, sellers and homeowners and calendar highlights of Truckee community events. You can Sign-Up for the Huntoon Real Estate Newsletter and you will automatically receive it, by email, the first of each month. When you Sign-Up, please make a note in the comment box that you would like to receive the newsletter. Have a topic you want covered? Just let us know how we can be your best resource for Truckee real estate information.
Truckee Thursdays
July 29, 2008
Think Local. Be Local. Buy Local. Give Local.The Truckee community is encouraging residents and businesses to get out, have fun and support what is local, great and unique about Truckee. This is a fantastic outing for the whole family!
Truckee Thursdays officially kicked off the summer season the end of June and will run through August 28th. From 4 pm to 8 pm Downtown Truckee is the pivotal point of music, art, fun things for kids, shopping and visiting with friends and neighbors. Among the activities are a climbing wall, wine tasting, food tasting, live music and puppet shows.
Every inch of Truckee is involved in Truckee Thusdays including Brickelltown, Jibboom Street, Commercial row, West River Street and Church Street. And guess what? The parking is free! it’s a perfect time to shop local and discover your own town all over again.
Trout Creek Recreation Center - Pool Hours
July 27, 2008
Trout Creek Recreation Center is open daily from 6 a.m. to 10 p.m. All pools and spas close at 9:50 p.m.
Buyers: You Can’t Time the Market
July 23, 2008
Hindsight is 20/20 Vision…
In a soft housing market, like we are experiencing now in our Truckee real estate market, buyers often wait on the sidelines for a clear sign that the market has reached rock bottom before they make an offer on the property they’ve been eyeing. There are two problems with this strategy. Too many times, the “other guy” that was eyeing the same property makes his move and purchases the property before you. The other problem is that too often we don’t know that the market has hit the bottom until it has turned the corner and starts going back up. You can only know for sure that a market has turned through hindsight. In other words, you can’t time the market
A risk of buying in a slow market is that the value of what you buy might drop before it rises. Or, prices could stay flat for some time, which means that you won’t build equity unless you pay down principal on your mortgage. If you should have to move during a time when prices are soft, you might not be able to sell for the amount you paid. To decrease this risk factor, don’t buy for the short term.
Give careful consideration to how you finance your purchase. Stay away from mortgages that have short due dates and balloon payments. If the market in your area stays soft for longer than anticipated, you don’t want to be caught having to refinance at a time when your home might not appraise for the price you need to complete the transaction.
A benefit of buying in a soft market is that you have the opportunity to buy at a reasonable price. But the key is to buy the “right property” at the “right price”. As professional Realtors, we can help you determine if a property is a “good buy”. We will give you solid advice about the home you may want to purchase and we will help you throughout the entire process.
