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
Stay informed of the hottest real estate deals and current news.
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: Timing the Real Estate Market
July 23, 2008
Is There a Perfect Time to Buy Real Estate in Truckee?
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.
Make an Offer the Seller Won’t Refuse
July 23, 2008
It’s No Different in the Truckee Real Estate Market – There is Strategy to Making Your Offer Attractive…
Look at negotiating as a back and forth process and strive for a win-win scenario for everyone. You and the seller may have different ideas about what price the property should sell for. However, you’re united in a common goal of consummating a deal. The challenge is to resolve your differences through a process of give and take until you either reach your common goal, or decide to go your separate ways. Sometimes this will happen quickly and sometimes it’s a drawn out process that can take several days or even weeks. In our current Truckee real estate market, we are seeing as many as 5 and 6 counter offers pass between buyers and sellers before a deal is negotiated.
Buyers often think that if they start out offering too high initially, they’ll end up paying too much. Your initial offering price should be high enough to entice the seller into a dialogue. It’s a price to get the ball rolling. From there, you can move up in small increments. As your Truckee Realtors, we will help you determine the offering price that puts you at the best advantage throughout the negotiations.
When you make an offer and there’s no competition from other buyers, your initial offer price should leave you room to move up in price. But, it should not be so low that it’s insulting to the seller. Otherwise the seller might not respond at all. Working with both seller and buyers, we have been on both sides of the negotiating table with our clients and we know from experience that an offer that’s too low could give the seller the impression that you’re too far a part, you can’t afford more, so there’s no point in issuing a counter offer.
It’s important not to get so caught up in negotiating the price that you overlook other opportunities for building a good relationship with the seller. Good negotiations have a sense of fairness about them. During the process of your negotiation, we will collectively brainstorm all the possible ways that we can accommodate everyone. Keep in mind that a win-win scenario will have the best outcome.
Price, while important, is not the only thing that makes an offer appealing. Do the sellers need a quick close? Would they prefer a longer close because they have other obligations and can’t be moved out in 30 days? If so, the sellers might be willing to give up more on the price for a close of escrow that accommodates their particular needs.
If you are not planning to finance your purchase, an All Cash offer can be very appealing to a seller. Sometimes a seller will accept a lower price if they know the deal is not hinging on a loan contingency.
In the Truckee market, many homes are second homes and it might be worth asking if it would it be easier on the sellers if they don’t have to move all of their furnishings out of their home. Maybe you will want to negotiate and purchase some or all of the furnishings. This can be convenient for the seller and also for you.
Lastly, it always makes a seller feel confident when you are timely in making responses. Selling and buying can be stressful on both parties and being honest and upfront can go a long ways in making a deal come together.
We like to negotiate win-win transactions for our clients and we will give you different options for starting points and strategies that we think may be best for you and a particular purchase. Give Robbie and Karen a call today at (530) 412-0583 and we’ll help you get started.
We also encourage you to leave any questions and comments here. Thank you.
Old Greenwood Presents Kenny Loggins
July 20, 2008
A Big Thank You to Old Greenwood
Imagine…half the Town of Truckee stretched out and relaxing on Old Greenwood’s meticulously designed Jack Nicholas Signature Golf Course with the Sierra Nevada Mountains, blue sky and pine trees as the backdrop and KENNY LOGGINS singing to his heart’s content. It felt good to hear the old and familiar songs like Footloose, Danger Zone, This is it and Celebrate Me Home. Kenny Logggins, now 60 years old, has been sharing his music for 4 decades. What a great late afternoon event. Thank you Old Greenwood.
Tahoe Donner Market Snap Shot: June 1 – June 30, 2008
July 14, 2008
Tahoe Donner Single Family Homes Sold – June 2008
Single Family Homes SOLD = 22
Median List Price = $620,000
Median Sold Price = $600,000
Average Days on Market = 127
YTD TD SF Homes Sold = 87
Active Listings = 166
*Twice as many single family homes sold in June ’08 than in May ’08.
Tahoe Donner Condos Sold – June 2008
Condos SOLD = 0
Median List Price = $425,000
Median Sold Price = no sales June ’08
YTD TD Condos Sold = 6
Active Listings = 44
Tahoe Donner Lots Sold – June 2008
Lots SOLD = 1
Median List Price = $375,000
Median Sold Price = $350,000
Average Days on Market = 52
YTD TD Lots Sold = 9
Active Listings = 62
(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.
Squaw Valley Season Pass Early Purchase
July 6, 2008
Buy now and save money on your Squaw Valley Season Pass.
Here’s the schedule:
Adult Full Season Pass
- Postmarked by July 15, 2008 – $1499
- Postmarked by September 1, 2008 - $1549
- Postmarked after September 1, 2008 - $1889
Adult Mid-Week Season Pass
- Postmarked by July 15, 2008 – $899
- Postmarked by September 1, 2008 – $949
- Postmarked after September 1, 2008 – $999
For more info, visit http://www.squaw.com/winter/ssnpass.html
Lahontan
July 6, 2008
Lahontan is a beautiful gated community located just South of Truckee, off of Highway 267, on the way to Northstar. Lahontan boasts a Tom Weiskopf 18 Hole golf course with a 9 Hole par-3 course as well. Beautifully landscaped, adorned with gorgeous custom homes, tennis courts, spa facilities, fine dining establishments and more , this is a place where you are sure to enjoy a luxurious stay in the mountains. Home prices range from $1.5 million to $8 million.
- Click here for a map of Lahontan
