Tahoe Donner Real Estate Sales: June 09
June 30, 2009
Tahoe Donner Real Estate
Single Family Homes Sold - June 2009
Single Family Homes SOLD = 16
Median List Price = $662,450
Median Sale Price = $644,500
Average Days on Market = 106
YTD TD SF Homes Sold = 81
Active Listings = 157
| Address | Original Price | Sales Price | Square Feet |
| 11804 Chateau | $529,000 | $420,000 | 1696 |
| 12259 Northwoods | $469,000 | $435,000 | 1383 |
| 12723 Northwoods | $599,000 | $453,000 | 1640 |
| 11065 Lausanne | $469,900 | $460,000 | 1503 |
| 14583 Hansel | $449,500 | $460,000 | 1386 |
| 12292 Brookstone | $579,000 | $524,000 | 1658 |
| 13940 Swiss | $589,000 | $569,000 | 1737 |
| 14745 Hansel | $629,900 | $622,000 | 1973 |
| 11591 Chamonix | $695,000 | $667,000 | 2494 |
| 12957 Pinnacle | $719,900 | $690,000 | 2190 |
| 14048 Skiview Loop | $892,000 | $812,500 | 3019 |
| 12968 Solvang | $999,000 | $845,000 | 3402 |
| 14476 Davos | $899,900 | $850,000 | 2593 |
| 12757 Peregrine | $1,350,000 | $900,000 |
3440
|
| 12967 Solvang | $1,325,000 | $1,000,000 | 3609 |
| 11163 Sitzmark | $1,398,000 | $1,055,000 | 3381 |
Tahoe Donner Condos Sold - June 2009
Condos SOLD = 1
Median List Price = $348,000
Median Sale Price = $329,000
Average Days on Market = 180
YTD TD Condos Sold = 11
Active Listings = 27
Tahoe Donner Lots Sold - June 2009
Lots SOLD = 1
Median List Price = $16,375 (Shared Ownership – Amenity Lot)
Median Sale Price = $15,000
Average Days on Market = n/a
YTD TD Lots Sold = 5
Active Listings = 60
(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
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Keller Williams Market Report: June 2009
June 30, 2009
This Month is Real Estate – June 2009 YouTube
What is My Truckee Home Worth?
June 23, 2009
Understanding the Truckee Real Estate Market….
The most common questions we hear from our clients that own second homes in the Truckee real estate area, including Tahoe Donner are, “How much is my home worth and what is the market doing?”
While prices have declined over the last few years it is important to remember that prices escalated dramatically just before the drop. Research from Wellesley College tells us that, historically, homes typically appreciated about 5% per year. During the first six years of this decade, however, average home appreciation was almost 15% per year! This type of growth is unsustainable and the current drop in prices is a market response. The market is now trying to stabilize and in the long run this will make the Truckee real estate market stronger and healthier.
It is very important to price right for today’s market. If you price your home too high, it will sit on the market and receive little, if any, attention. Meanwhile, you are making mortgage payments, paying property taxes and in many cases, HOA fees as well. One good indicator of how you should price your home for a successful sale is to look at the absorption rate or month’s supply of inventory (total inventory divided by the number of homes sold per month) in your neighborhood.
For example, on average this year we have seen 13 houses per month close escrow in Tahoe Donner and we have 158 active listings currently on the market. That means that we have a little over a 12 month supply of houses to sell in Tahoe Donner.
To put this into perspective, industry guidelines suggest that a 1-2 month supply is equal to double digit appreciation of home values. A 5 to 6 month supply is considered the balance point and on the other end of the spectrum, a 12 month supply, which is where we are currently, signals as much as a double digit depreciation. The bottom line is that you have to price with knowledge of where our market is today.
If you are thinking about selling your home, you can get started by clicking on “What is my Home Worth?” We will carefully determine an appropriate value for your home and we’ll create a marketing plan to get your property sold. We look forward to working with you to facilitate the sale of your Truckee real estate. Click here to view a variety of articles written for Sellers courtesy of Robbie and Karen Huntoon.
Mortgage Rates…Hitting the Bottom?
June 1, 2009
Each week, and sometimes more, we get updates from our Truckee real estate lenders 
commenting on mortgage rates. The following is an excerpt from a mortgage update we got from O’Dette Mortgage Group last week:
“We have been talking the past month about the “bottom” for mortgage rates, have been quite vocal that the 4% mortgage was a myth, and that I believe it prudent to consider this the bottom for mortgage rates. Although today was a relatively good day and we would love to see bond prices/mortgage rates return to all time low, I would not hold my breath for an immediate return to where pricing closed last week. I will be impressed if we see rates return to last week’s level in the near future.
Is there a silver lining? Perhaps. Rates going up will be plastered across the news, yet terms on a conforming 30 yr fix are still the best they have been in over 50 years. Might this inspire those sitting on the fence to take action capitalizing on this once in a lifetime combination of prices and mortgage rates? We hope so, and it’s, in part, our responsibility to help our clients see such opportunity. Also, the rate increase should slow down the refinance boom, allowing banks to catch up, improving turn times.”
If you are a buyer and you have been sitting on the fence “waiting” to buy your perfect piece of Truckee real estate now may be a good time to make a move!
