Homes sales in the greater area of Truckee (areas 7, 8 and 9) are down 12% from the same time in 2010 and up from the same time last year.

Median home sales prices, for Truckee, are also down from 2010 but up 14% when compared to 2011.

Of the single family home sales, in Truckee, in April 2012, 51% are single family home sales in Tahoe Donner.

Single family home sales in Tahoe Donner doubled from April 2011 and are equal to 2010.

Tahoe Donner single family home sales prices are down 11% when comparing April 2011 to April 2012.

An explanation for the difference in numbers between 2011 and 2012 can possibly be attributed to the magnitude of snow received in the winter of 2011 that could have slowed home sales in March 2011 that would have then closed escrow in April 2011.

Tahoe Donner® Homes Sold - April 2012

Single Family Homes SOLD = 21
Median List Price = $498,000
Median Sale Price = $482,000
Average Days on Market = 102
YTD TD SF Homes Sold = 84
Active Listings =86

52% of the Single Family Homes in Tahoe Donner that closed escrow in April 2012 were priced under $500,000.
43% of the Single Family Homes in Tahoe Donner that closed escrow in April 2012 were in priced between $501,000 and $699,000.
The lowest sales price was $285,000 and the highest sales price was $1,050,000.

Tahoe Donner® Condos Sold - April 2012

Condos SOLD = 1
Median List Price = $345,000
Median Sale Price = $320,000
Average Days on Market = 184
YTD TD Condos Sold = 9
Active Listings =18

Tahoe Donner® Lots Sold – April 2012

Lots SOLD = 3
Median List Price = $149,900
Median Sale Price = $120,000
Average Days on Market = 30
YTD TD Lots Sold = 9
Active Listings = 39
(DOM = Days on Market)

(YTD = Year-To-Date)

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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.

Tahoe Donner – 1 Quarter Sales Activity from 2004 through 2012

This chart illustrates:
1) Number of Homes Sold in the 1st QTR from 2004 through 2012.
2) Comparison of Median List Price to Median Sold Price for the 1st QTR from 2004 through 2012.

An analysis of the sales data shows that the number of home sales transactions are on the rise but prices are not necessarily following. 1st quarter homes sales, in Tahoe Donner, increased 33% when compared to the same time period last year (60 sales in 2012 and 45 sales in 2011). However, median sale prices for the current quarter ($442,500) are down 14% from the median sale prices ($512,000) in QTR 1 of 2011. Additionally, median sale prices are down 42%  from the median sales price high in 2005.

Price Category Comparison of Homes Sold

This chart illustrates:
1) Number of Homes Sold QTR 1 in Tahoe Donner = 60
2) Comparison of Price Categories for Homes Sold in Tahoe Donner

60 single family homes sold in Tahoe Donner during the 1st quarter of 2012. 57% (or 34) of these homes sold for under $499,999, 28% (or 17) of the homes sold for between $500K and $749,999, 12% (or 7) of these homes sold for between $750K and $999,999 and 3% (or 2) of these homes sold for between $1 million and $1.25 million. The least expensive home in TD sold for $164K (originally listed at $190K) and the most expensive home in TD sold for $1.2 million (originally listed at $1,397,818; DOM 530 days). If you are a seller, regardless of which end of the market you are in, you have to price carefully. In the lower end of the market there is more competition so you must price competitively and if you are at the upper end of our market, where there are fewer buyers, you have to price to capture the attention of the prospective higher end buyer. Too high of a price will almost guarantee that you will sit on your house without looking at any offers. If your goal is to sell, price right. With interest rates historically low, it is now time for buyers to “get off the fence” and make a purchase. The impact of rising interest rates is significant. For example, on a $417K purchase, a 1% rise in the interest rate can cost an extra $250 per month!

Tahoe Donner 1st QTR 2012 Single Family Home Sales by “Type” of Sale

This chart illustrates:
1) Number of single family homes sales sales by type of slae: Standard, Short and REO
2) Median Sale Prices

72% (or 43) of the single family homes that sold in Tahoe Donner during the time period of January 1 to March 31, 2012 were Standard Sales. Short Sales (8) and REO’s (9) combined made up the remaining 17% of home sales.

Tahoe Donner “Months of Inventory” as of 4/1/2012

This chart illustrates: 1) Inventory supply (in months) for SF Homes, Condos, Lots in Tahoe Donner (as of 4/1/2012).

Inventory is the total number of homes (or land or condos) for sale within a defined market. We evaluate inventory numbers to determine how quickly or slowly the market will absorb the inventory. This is called the “absorption rate”. In the event that no new homes (or land) come on the market, the absorption rate is an indicator of how long our supply will last. As the chart (above) shows, if inventory levels were to remain static, our current level of single family homes would sustain the current demand for about 3 months. We have an 8 month supply of condos and almost a 2 year supply of lots. This information provides market insight to buyers and sellers. Whether you are selling a home or land pricing correctly is key. The home seller competes with other homes that are for sale and the land owner, where there is significantly less demand, must price strategically to attract potential buyers.

Tahoe Donner “Months of Inventory by Price Category” as of 4/1/2012

This chart illustrates:
1) Inventory supply (in months) for SF Homes by price categories.

Single family home sales are the hottest segment of the Tahoe Donner market. In the 1st quarter of 2012, single family homes comprised 70% of the sales in Tahoe Donner while condos and land made up 18% and 17% of these sales, respectively. Of these home sales, 85% of the homes sold for under $750K. This is the “hottest” segment of our market and it is also the portion of our market with the the lowest supply of single family homes. Home sellers, if you have been thinking about listing, now is the time. Beat your competition and get your house listed and sold. As we approach summer, inventory levels will rise (sometimes dramatically) and this will give buyers more options.

We work with both buyers and sellers. If you want honest and expert advice, please give us a call and let us know how we can help you. The majority of our clients are previous clients or their referrals – our clients come back to us because they know we do a great job. Robbie 530-412-058.

This very desirable condo in the Village at Squaw Valley has it all – commanding views of Red Dog, KT22 and Headwall; peaceful top floor location facing away from parking lots & the village center and an easy and direct walk to the Funitel or Red Dog Lift. Can it get any better? Yes, SELLER FINANCING is also available! Call Robbie Huntoon – 530-412-0583.

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Enjoy priceless views from this signature Tahoe Donner lot. Without a doubt this is the best “luxury” VIEW LOT in Tahoe Donner. With a practically flat building envelope; panoramic views of Martis Valley, Northstar and the Sierra Crest; and acres of greenbelt bordering the south and west property lines, this is the best home site in Tahoe Donner. It’s the perfect place to build your dream home and enjoy million dollar views of spectacular Sierra scenery.

• Offered at $350,000
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• Coyote Moon Golf Course
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• Old Brockway Golf Course
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• Ponderosa Golf Course
• Resort at Squaw Creek
• Tahoe City Golf Course
• Tahoe Donner Golf Course
• Schaffer’s Mill Golf Course

]]> http://www.huntoonrealestate.com/truckee-golf/feed/ 0 http://www.huntoonrealestate.com/truckee-real-estate-stats-january-2011/ http://www.huntoonrealestate.com/truckee-real-estate-stats-january-2011/#comments Thu, 02 Feb 2012 23:20:04 +0000 admin http://www.huntoonrealestate.com/?p=3473

Homes sales in the greater area of Truckee (areas 7, 8 and 9) decreased 50% from December  of 2011 to January 2012. Of  these single family home sales, 58% were single family homes sales in Tahoe Donner. Single family home sales in Tahoe Donner show a 18.75% increase from December 2011 to January 2012.

Tahoe Donner® Homes Sold - January 2012

Single Family Homes SOLD = 19
Median List Price = $400,000
Median Sale Price = $405,000
Average Days on Market = 120
YTD TD SF Homes Sold = 19
Active Listings = 73

Tahoe Donner® Condos Sold – January 2012

Condos SOLD = 1
Median List Price = $349,000
Median Sale Price = $337,000
Average Days on Market = 293
Average Price Per Square Foot = $224.67
YTD TD Condos Sold = 1
Active Listings =19

Tahoe Donner® Lots Sold - January 2012

Lots SOLD = 2
Median List Price = $294,000
Median Sale Price = $250,000
Average Days on Market = 226
YTD TD Lots Sold = 2
Active Listings = 39
(DOM = Days on Market)

(YTD = Year-To-Date)

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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.