Truckee Real Estate Sales: May 2009
May 31, 2009
Tahoe Donner Leads the Truckee Real Estate Market
.
.
This chart represents the number of homes sold in the last three months in Truckee. The chart also shows the median sale prices for these homes. Tahoe Donner continues to be the strongest segment of that market with 43% of the total sales during the period May 1 to May 31 and 49% of the total sales in the past three months (March, April and May combined). Sales in Tahoe Donner were steady March through May with 12 single family homes “closing” in March; 15 in April and 15 more in May.
Tahoe Donner Real Estate Sales: May 2009
May 31, 2009
Tahoe Donner Single Family Homes Sold - May 2009
Single Family Homes SOLD = 15
Median List Price = $599,000
Median Sold Price = $590,000
Average Days on Market = 177
YTD TD SF Homes Sold = 65
Active Listings = 149
| Address | Original Price | Sales Price | Square Feet |
| 11918 Chamonix | $459,900 | $300,000 | 1320 |
| 13802 Skiview Loop | $495,000 | $400,000 | 1599 |
| 16288 Northwoods | $549,000 | $420,000 | 1944 |
| 12434 Snowpeak | $489,000 | $450,000 | 1456 |
| 11454 Lausanne | $549,000 | $500,000 | 1812 |
| 15523 Northwoods | $599,000 | $525,000 | 1757 |
| 11961 Muhlebach | $599,000 | $580,000 | 1963 |
| 14477 Matterhorn | $798,500 | $590,000 | 1831 |
| 12681 Skiview Loop | $699,000 | $624,000 | 2207 |
| 13296 Hansel | $799,000 | $625,000 | 3919 |
| 12372 Greenleaf | $1,400,000 | $650,000 | 4038 |
| 12141 Basel | $725,000 | $689,000 | 2554 |
| 15226 Swiss | $815,000 | $789,000 | 2787 |
| 12645 Pinnacle Loop | $1,295,000 | $885,000 |
3757
|
| 10609 Mougle | $1,395,000 | $1,250,000 | 4450 |
Tahoe Donner Condos Sold - May 2009
Condos SOLD = 1
Median List Price = $379,000
Median Sold Price = $342,000
Average Days on Market = 120
YTD TD Condos Sold = 10
Active Listings = 28
Tahoe Donner Lots Sold - May 2009
Lots SOLD = 1
Median List Price = $449,000 (Panoramic views)
Median Sold Price = $400,000
Average Days on Market = 164
YTD TD Lots Sold = 4
Active Listings = 61
(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
If you enjoyed this post, make sure you subscribe to my RSS feed!
Gardening in Tahoe Donner®…
May 30, 2009
Beginner’s Luck…
Last Fall we had the good fortune to have access to a back hoe and Robbie, much to his delight, was able to dig multiple holes in our backyard for tree planting.
As soon as the snow melted, we started visiting nurseries (www.villagernursery.com), walking the neighborhood to check out what plants were successfully growing in our neighbor’s yards and then we started experimenting.
We planted an Amur Maple tree, two Chokecherry trees, a Blue Spruce, a Red Maple tree, several Mugo Pines and many Red Twig Dogwoods. The first day, we worked around the clock preparing the soil with mulch and planting the trees with as much care as our knowledge (limited) provided. We went to bed that night – weary. I woke up the next morning, dashed out into the backyard, with anticipation, only to find that the Deer had discovered our “new garden” and ate all of the leaves from the Dogwoods. We have since learned, and accept, that the Deer are part of the challenge of gardening in most places!
Several weeks later, the Deer no longer pester us and the leaves are growing back and we are delighted at our gardening success! If we can do it – anyone can!
14964 Wolfgang Rd, SOLD
May 30, 2009
You’ve got to take a look at this one! Location, Location, Location! This property backs to the Cross Country Ski Trails in the winter and the hiking and biking trail system in the summer! At this price it doesn’t get much better. Excellent floor plan, wood floors in kitchen, dining area and living room. Carpet in the bedrooms. Tiled bathrooms. Separate laundry room. Light and bright. Flat lot. Wonderful setting. Newly painted. The lot next door is also for sale. Buy the two together and you’ll have an incredible place in Truckee! Call us and let’s go see it! Robbie and Karen 530-412-0583.
- Offered at $699,000, SOLD PRICE $810,000 w/ lot next door
- 4 bedrooms
- 3 bathrooms
- 2 car garage
- 2400 square feet
- Large Deck with Hot Tub
- Flat lot
- Private setting
- Backs to Cross Country Skiing, Hiking & Biking Trails
Click on any photo to start slideshow!
Keller Williams Market Report: May 2009
May 18, 2009
This Month in Real Estate – May 2009 YouTube
Obama Admin Offers Short Sale Help
May 16, 2009
Obama Administration Announces Financial Incentives and Uniform Process for Short Sales
The NATIONAL ASSOCIATION OF REALTORS® (NAR) today announced that the Obama Administration has added new incentives and uniform procedures for short sales under its new Foreclosure Alternatives Program (FAP), part of the administration’s Making Home Affordable plan.
Loan servicers may consider short sales or deeds-in-lieu of foreclosure for borrowers who do not qualify to have their loans modified on a permanent basis under the Making Home Affordable Loan Modification Program.
- Borrowers/homeowners qualify under the FAP if they meet minimum eligibility requirements for the Home Affordable Modification program, but don’t qualify for a modification or do not successfully complete the three-month trial period. Before proceeding with a foreclosure, servicers must determine if a short sale is appropriate.
- Incentives include: $1,000 for servicers for successful completion of a short sale or deed-in-lieu of foreclosure; $1,500 for borrowers/homeowners to help with relocation expenses; and up to $1,000 toward the cost of paying junior lien holders to release their liens (one dollar from the government for every $2 paid by the investors to the second lien holders).
- The program will include streamlined and standardized documents, including a Short Sale Agreement and an Offer Acceptance Letter. The goal is to minimize complexity and increase use of the short sale option.
- Servicers will independently establish both property value and minimum acceptable net return, in accordance with investor requirements. The price may be determined based on an appraisal or one or more broker price opinions (BPOs), issued no more than 120 days before the date of the short sale agreement.
- In the Short Sale Agreement, servicers must give borrowers/homeowners at least 90 days to market and sell the property, or up to one year, depending on market conditions. Property must be listed with a licensed real estate professional with experience in the neighborhood. No foreclosure may take place during the marketing period (at least 90 days) specified in the Short Sale Agreement.
- The Short Sale Agreement must specify the reasonable and customary real estate commissions and costs that may be deducted from the sales price. The servicer must agree not to negotiate a lower commission after an offer has been received.
- Servicers may not charge fees to borrowers/homeowners for participating in the FAP.
- The program is in effect through 2012.
- Servicers have the option to require the borrower/homeowner to agree to deed the property to the servicer in exchange for a release from the debt if the property does not sell within the time allowed in the Short Sale Agreement (plus any extensions).
13974 Gyrfalcon Street, SOLD
May 2, 2009
This Tahoe Donner mountain cabin is a must see. Extensively remodeled – light, bright and inviting. Well appointed with excellent craftsmanship and finishes. The setting is magic. Imagine sitting out on a nearly 700 sq. ft. deck that backs to greenbelt. It’s private and it’s wonderful. The flowers are in bloom. Don’t wait too long – this one won’t last. It’s special!
- Asking Price $594,750, SOLD PRICE $580,000
- 3 Bedrooms
- 2 Bathrooms
- 1 Car Garage
- Private, level lot
- Gorgeous setting; backs to greenbelt
- Spacious living room with stone fireplace
- Vaulted ceilings
- Kitchen with slab granite counter tops, knotty alder cabinets
- Wood, stone and tile floors
- 3 zone hydronic heating
- Large 700 sq. ft. deck
- 100′ lot frontage
- 1660 square feet
- Extensively remodeled; like new
Click on any photo to start slideshow!
11755 Chalet Road, SOLD
May 1, 2009
This is one of our Tahoe Donner favorites. This property is located in one of Tahoe Donner’s best neighborhoods on a flat lot in a serene setting. Meticulously maintained, it feels like new. Appointed with designer colors, custom hickory cabinetry, granite counter tops, travertine, Solarguard window treatments and a security system. Gas fireplaces in living room and bonus room. Professionally landscaped including 3 decks. Call Robbie and Karen today to arrange a showing: 530-412-0583. Click on the links for the Virtual Tour and more details.
- Offered at $775,000 SOLD PRICE $775,000 furnished
- Turn-key; includes furnishings
- 3 Bedrooms
- 2.5 Bathrooms
- 2 Car Garage
- Spacious Living Room
- Large Bonus Room with Gas Fireplace
- Granite and Travertine
- Custom Hickory Cabinets
- Solarguard Window Treatments
- Professional Landscaping
- Private, Level Lot
- 2,355 Square feet
- Built in 2003
Click on photos for slideshow.
Truckee Real Estate Sales: April 2009
May 1, 2009
Once Again Tahoe Donner Leads the Truckee Real Estate Market
This chart represents the number of homes sold in the last three months in Truckee. The chart also shows the median sale prices for these homes. Tahoe Donner continues to be the strongest segment of that market with 65% of the total sales during the period. Sales in Tahoe Donner were steady January through April with 9 single family homes “closing” in January; 12 in February and 12 more in March. According to data provided by the Tahoe Sierra Board of Realtors, 15 homes closed escrow in Tahoe Donner in April.
Tahoe Donner Real Estate Sales: April 09
May 1, 2009
Tahoe Donner Single Family Homes Sold - April 2009
Single Family Homes SOLD = 15
Median List Price = $549,000
Median Sold Price = $512,000
Average Days on Market = 128
YTD TD SF Homes Sold = 49
Active Listings = 142
| Address | Original Price | Sales Price | Square Feet |
| 15565 Northwoods | $399,900 | $310,000 | 1383 |
| 14325 Northwoods | $499,000 | $315,000 | 1304 |
| 13972 Alder Creek | $450,000 | $424,000 | 2276 |
| 12440 Skisope | $650,000 | $415,000 | 1448 |
| 11965 Bernese | $599,000 | $430,000 | 1664 |
| 12719 Northwoods | $680,000 | $464,000 | 1640 |
| 14390 Copenhagen | $525,000 | $512,000 | 1506 |
| 14934 Davos | $549,000 | $539,000 | 1565 |
| 12151 Snowpeak | $569,900 | $510,000 | 1656 |
| 14216 St. Croix | $625,000 | $595,000 | 1894 |
| 13300 Roundhill | $679,000 | $630,000 | 2368 |
| 11749 Baden | $800,000 | $710,000 | 2419 |
| 14179 Skiview Loop | $1,099,000 | $925,000 | 3556 |
| 14612 Swiss | $1,399,000 | $975,000 | 3433 |
| 11300 Mougle Lane | $1,125,000 | $1,050,000 | 3364 |
Tahoe Donner Condos Sold - April 2009
Condos SOLD = 3
Median List Price = $239,500
Median Sold Price = $229,000
Average Days on Market = 219
YTD TD Condos Sold = 9
Active Listings = 25
Tahoe Donner Lots Sold - April 2009
Lots SOLD = o
Median List Price = N/A
Median Sold Price = N/A
Average Days on Market = N/A
YTD TD Lots Sold = 3
Active Listings = 59
(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
If you enjoyed this post, make sure you subscribe to my RSS feed!
