Tahoe Donner Real Estate Sales: January 2012
February 2, 2012
Tahoe Donner® Real Estate
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
| Address | Sold Price | Original Price | # Beds | # Baths | Gar | Sq Feet | Price/Sq Feet | YrBlt | DOM | Status |
| 12085 Viking Way | $288,000 | $308,000 | 3 | 2.5 | 0 | 1820 | $158.24 | 1988 | 23 | REO |
| 14466 Alder Creek | $290,000 | $388,000 | 4 | 3 | 2 | 1836 | $157.95 | 1989 | 92 | REO |
| 13546 Heidi Way | $300,000 | $320,000 | 3 | 2 | 0 | 1399 | $214.44 | 1981 | 31 | REO |
| 14644 Alder Creek | $305,000 | $329,900 | 3 | 2.5 | 2 | 1384 | $220.38 | 1992 | 81 | Short |
| 12802 Solvang Way | $330,000 | $349,000 | 3 | 2 | 2 | 1345 | $245.35 | 1976 | 16 | Standard |
| 11619 Kitzbuhel Road | $333,000 | $315,000 | 3 | 2 | 1 | 1664 | $200.12 | 1986 | 14 | REO |
| 14360 Northwoods | $370,000 | $399,000 | 3 | 2 | 2 | 1286 | $287.71 | 1992 | 36 | Standard |
| 14774 Alder Creek | $382,500 | $399,900 | 3 | 2 | 1 | 1512 | $252.98 | 1998 | 92 | Standard |
| 13957 Gyrfalcon | $398,000 | $499,900 | 4 | 3 | 2 | 2204 | $180.58 | 1987 | 51 | REO |
| 11600 Nordic Lane | $405,000 | $439,000 | 3 | 2 | 2 | 1398 | $289.70 | 1983 | 172 | Standard |
| 11941 Northwoods | $440,000 | $760,000 | 7+ | 5 | 3 | 4735 | $92.93 | 1973 | 843 | Standard |
| 12966 Hansel Avenue | $443,000 | $459,900 | 3 | 2.5 | 2 | 1945 | $227.76 | 1974 | 41 | Standard |
| 13511 Hansel Avenue | $494,590 | $500,000 | 3 | 2.5 | 2 | 1973 | $250.68 | 1990 | 2 | Standard |
| 11399 Sun Valley | $500,000 | $575,000 | 3 | 3 | 2 | 2100 | $238.10 | 1995 | 111 | Standard |
| 12436 Lausanne Way | $500,000 | $549,000 | 3 | 2.5 | 2 | 1937 | $258.13 | 1992 | 148 | Standard |
| 14691 Davos Drive | $532,500 | $565,000 | 4 | 2 | 2 | 2272 | $234.38 | 1981 | 56 | Standard |
| 15280 Swiss Lane | $677,500 | $869,000 | 5 | 3.5 | 2 | 3244 | $208.85 | 1995 | 276 | Short |
| 13978 Davos Drive | $850,000 | $959,000 | 4 | 3.5 | 2 | 3176 | $267.63 | 2005 | 94 | Standard |
| 13637 Skiview Lp | $855,000 | $925,000 | 4 | 3.5 | 2 | 3430 | $249.27 | 2006 | 101 | Standard |
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
| Address | Sold | Original | # Beds | # Baths | Gar | Sq Feet | Price/Sq Feet | YrBlt | DOM |
| 12754 Zurich Place | $337,000 | $379,000 | 3 | 2 | 1 | 1500 | $224.67 | 2007 | 293 |
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.
2011 Tahoe Donner Annual Real Estate Sales Statistics
January 8, 2012
Tahoe Donner 2011 Annual Market Stats
Following is a visual snapshot of the Tahoe Donner real estate market in 2011. All data obtained from Tahoe Sierra MLS from January 1, 2011 through December 31, 2011.
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How Many Homes Sold in Tahoe Donner in 2011? answer: 212 as of 1/1/2012
While surpassing all other communities in Truckee for the number of single family homes sold in 2011, Tahoe Donner is still experiencing a challenging market. Single family home sales in 2011 were down 43.76% when compared with sales in the booming market of 2004. Even more, sales were down another 5% from last year (2010).
What Price Category is Hottest in Tahoe Donner? answer: under $500K
In 2011, 87% of all the single family homes that sold in Tahoe Donner sold for under $750K. Homeowners with listings in this competitive and sensitive price range have had to accommodate and transition with this challenging segment of the market. Buyers have been “shoppers” with no hesitations that they are “looking for a deal” and sellers have to had to make price drops to remain competitive with newer listings at lower prices. Very simply, a new listing priced at market value was seemingly overpriced a few weeks later. The lowest priced home sale in Tahoe Donner was $230K while the high end of the market topped out at $1.2 million.
What was the Median Sales Price in Tahoe Donner in 2011? answer: $500K
Median sale price tags are continuing to inch toward lower numbers. Since the “top of the market” in 2005, at a median sale price of $785K, median sale prices have decreased 36% to a median sales price of $500K. Further, the median sale price tags for 2011 are 15% lower than the “low benchmark” of 2004 ($589K) and 2011 median sale prices are down 4% from last year ($520K). It is important to understand that most buyers do alot of research. These days, with access to Zillow, Trulia, etc. buyers are studying the market, and the competition, to determine what a listing is worth to them. For the typical Tahoe Donner home, over pricing means your listing will sit on the market. You may get a low-ball offer or you may get no attention at all. If you have a unique home, even greater care must be taken to assure the right listing price. When we are asked to give a listing presentation we do not come with a price in hand. We meet with you, evaluate your house paying attention to the pluses and minuses and then we go back to our office and carefully look at comps. We study the “recent solds”, pending listings as well as what’s currently on the market. We create a plan for a seller and then recommend a price that we know is appropriate.
Are there alot of Short Sales and Foreclosures in Tahoe Donner? answer: No!
There are some short sales and foreclosure sales in Tahoe Donner but probably not as many as you think! 84% of the single family home sales in Tahoe Donner were “standard” sales, 9% were short sales and 7% were foreclosure sales.
Which Truckee Neighborhood has the Strongest Market Share? answer: Tahoe Donner.
Of the 578 single family homes that sold in Truckee, Squaw Valley, Alpine Meadows and Northstar, 37% (or 212) of these homes were sold in Tahoe Donner. Glenshire sales were 14% of the total sales while Donner Lake / Donner Summit were close behind at 13%.
Tahoe Donner 3rd Quarter 2011 Sales Analysis
October 5, 2011
Number of Tahoe Donner Single Family Home Sales by Quarter
(January 2010 through September 2011)
This chart illustrates:
1. Number of Single Family Homes Sold in Tahoe Donner 1st QTR 2010 through 3rd QTR 2011.
Single family homes sales in Tahoe Donner during the 3rd Quarter of 2011 shows an increase of 49% when compared to the 1st and 2nd quarters of 2011. This increase in the number of homes sold is expected during the summer months. When comparing the current 3rd Quarter to the same quarter last year there is a 6% increase in the number of homes sold this year.
Median List & Sale Prices of Tahoe Donner Single Family Home Sales by Quarter
(January 2011 through September 2011)
This chart illustrates:
1. Comparison of Median “LIST” Price to Median “SALES” Price of Single Family Homes Sold in Tahoe Donner the 1st QTR 2010 through the 3rd QTR 2011.
The table shows that the 3rd quarter 2011 median sales prices are down 5% from the 3rd quarter of 2010. However, we see see more sales this year than last year and lower prices contribute to this trend.
Median “SALES” Prices of Tahoe Donner Single Family Homes
3rd QTRS 2004 – 2011
This chart illustrates:
1. The Median “SALES” Price of Tahoe Donner Single Family Homes for the 3rd QTR from 2004 to 2011.
This chart offers some historical perspective of what single family homes prices have done over the last 8 years. Looking at our current 3rd quarter figures, the median sale price is down 14 % when compared to the low benchmark of 2004 and 34% percent when compared to the high benchmark of 2005. 3rd QTR figures for the last three years show the market as relatively level.
Tahoe Donner Single Family Homes
Number of Homes Sold by Price Category
This chart illustrates:
1. Number of single family homes sold per price category.
Once again, the strongest segment of the market in Tahoe Donner is the $750K and under range with 51% of the sold homes falling in the category under $500K and 41% of the sold homes falling in the price category between $500K to $750K. Only two homes sold over a million dollars and of these homes none sold for over 1.25 million.
In this market sellers are competing for buyers and it is imperative that a home is priced right. It is a constantly changing market and often price adjustments are needed. Buyers are focused on the probability of price declines and sellers think they can wait out the downturn and hope for price increases. We don’t predict the market increasing for three to five years, so the question for sellers is, how much does it cost to hold the house and will that cost be returned with future price increases? If you want to sell your house, do it now and don’t wait, time is not on your side unless you are thinking long term. Don’t put a price on your house and think “let’s see what happens”. Price it right for the market and get it sold. We will do thorough analysis of the market and can assist you with pricing correctly.
Tahoe Donner® Real Estate Sales: September 2011
October 2, 2011
Tahoe Donner® Real Estate
Tahoe Donner® Homes Sold - September 2011
Single Family Homes SOLD = 28
Median List Price = $499,750
Median Sale Price = $478,500
Average Days on Market = 52
YTD TD SF Homes Sold = 159
Active Listings = 138
Tahoe Donner® Condos Sold - September 2011
Condos SOLD = 2
Median List Price = $297,000
Median Sale Price = $275,000
Average Days on Market = 21
YTD TD Condos Sold = 28
Active Listings = 24
Tahoe Donner® Lots Sold - September 2011
Lots SOLD = 1
Median List Price = $99,000
Median Sale Price = $85,000
Average Days on Market = 131
YTD TD Lots Sold = 12
Active Listings = 56
(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® Real Estate Sales: August 2011
September 2, 2011
Tahoe Donner® Real Estate
Tahoe Donner® Homes Sold - August 2011
Single Family Homes SOLD = 17
Median List Price = $607,000
Median Sale Price = $580,000
Average Days on Market = 39
YTD TD SF Homes Sold = 129
Active Listings = 166
| Address | Original Price | Sales Price | Square Feet |
| 12975 Skislope | $299,000 | $250,000 | 1412, 26 DOM |
| 15138 Alder Creek | $399,000 | $392,500 | 1668, 4 DOM |
| 13977 Copenhagen | $439,900 | $399,000 | 1504, 28 DOM |
| 12072 St. Bernard | $410,000 | $410,000 | 1643, 5 DOM |
| 11691 Mougle | $410,000 | $417,500 | 1532, 20 DOM |
| 13513 Heidi | $475,000 | $430,000 | 1534, 75 DOM |
| 14659 Hansel | $539,900 | $510,000 | 1776, 39 DOM |
| 11100 Bolzano | $589,000 | $579,000 | 2140, 15 DOM |
| 12442 St. Bernard | $649,900 | $580,000 | 2341, 91 DOM |
| 12926 Pinnacle Loop | $625,000 | 585,000 | 1960, 0 DOM |
| 13120 Falcon Point | $635,000 | $600,000 | 99 DOM |
| 12378 St. Bernard | $612,000 | $602,000 | 2423, 29 DOM |
| 12006 Bennett Flat | $685,000 | $650,000 | 2470, 21 DOM |
| 13049 Hillside | $749,000 | $703,000 | 3009, 43 DOM |
| 11832 Rhineland | $750,000 | $728,000 | 3250, 15 DOM |
| 12121 Skislope | $830,000 | 780,000 | 2908, 109 DOM |
| 11685 Nordic | $895,000 | $865,000 | 3015, 46 DOM |
Tahoe Donner® Condos Sold - August 2011
Condos SOLD = 3
Median List Price = $315,000
Median Sale Price = $300,000
Average Days on Market = 51
YTD TD Condos Sold = 26
Active Listings = 19
Tahoe Donner® Lots Sold - August 2011
Lots SOLD = 2
Median List Price = $69,500
Median Sale Price = $65,000
Average Days on Market = 45
YTD TD Lots Sold = 11
Active Listings = 55
(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.
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tahoe Donner® Real Estate Sales: May 2011
May 31, 2011
Tahoe Donner® Real Estate
Tahoe Donner® Homes Sold - May 2011
Single Family Homes SOLD = 9 (all standard sales)
Median List Price = $499,000
Median Sale Price = $499,000
Average Days on Market = 36
YTD TD SF Homes Sold = 65
Active Listings = 97
| Address | Original Price | Sales Price | Square Feet |
| 13393 Davos | $399,000 | $405,000 | 1494 (10 DOM) |
| 16341 Skislope | $474,900 | $412,050 | 1768 (60 DOM) |
| 11319 Zermatt | $485,000 | $440,500 | 1624 (104 DOM) |
| 12515 Schussing | $489,900 | $476,750 | 1724 (4 DOM) |
| 12508 Skislope | $499,000 | $499,000 | 1758 (2 DOM) |
| 11642 Zermatt | $539,900 | $530,000 | 1896 (6 DOM) |
| 14372 Hansel | $635,000 | $649,000 | 2311 (13 DOM) |
| 14265 Hansel | $698,000 | $665,000 | 2232 (24 DOM) |
| 11554 Chalet | $869,900 | $827,000 | 3389 (97 DOM) |
Tahoe Donner® Condos Sold - May 2011
Condos SOLD = 4 (3 Standard, 2 Short Sale)
Median List Price = $364,500
Median Sale Price = $349,500
Average Days on Market = 41
YTD TD Condos Sold = 15
Active Listings = 18
Tahoe Donner® Lots Sold - May 2011
Lots SOLD = 1
Median List Price = $69,000
Median Sale Price = $69,000
Average Days on Market = 3
YTD TD Lots Sold = 6
Active Listings = 50
(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.
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tahoe Donner® Real Estate Sales: April 2011
May 1, 2011
Tahoe Donner® Real Estate
Single Family Homes Sold - April 2011
Single Family Homes SOLD = 12
Median List Price = $518,497
Median Sale Price = $502,500
Average Days on Market = 86
YTD TD SF Homes Sold = 57
Tahoe Donner® Condos Sold - April 2011
Condos SOLD = 5
Median List Price = $179,000
Median Sale Price = $174,500
Average Days on Market = 160
YTD TD Condos Sold = 11
Tahoe Donner® Lots Sold - April 2011
Lots SOLD = 0
Median List Price = n/a
Median Sale Price = n/a
Average Days on Market = n/a
YTD TD Lots Sold = 5
(DOM = Days on Market)
(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!
Tahoe Donner® Real Estate Sales: March 2011
April 25, 2011
Tahoe Donner® Real Estate
Single Family Homes Sold - March 2011
Single Family Homes SOLD = 21 (4 Short Sales, 15 Standard, 2 REO)
Median List Price = $549,000
Median Sale Price = $529,000
Average Days on Market = 105
YTD TD SF Homes Sold = 45
Active Listings = 77
| Address | Original Price | Sales Price | Square Feet |
| 14064 St. Croix | $299,000 | $235,000 | 1708 (128 DOM) |
| 11129 Northwoods | $339,900 | $349,900 | 1961 (18 DOM) |
| 14353 Copenhagen | $399,900 | $370,000 | 2284 (65DOM) |
| 11616 Chalet | $448,500 | $430,000 | 2022 (15 DOM) |
| 11740 St. Bernard | $515,000 | $435,000 | 1593 (260 DOM) |
| 14512119 Lausanne | $489,000 | $439,000 | 1799 (200 DOM) |
| 11767 Chamonix | $439,000 | $439,000 | 1748 (19 DOM) |
| 14532 Alder Creek | $499,000 | $465,000 | 1875 (40 DOM) |
| 11932 Snowpeak | $519,000 | $500,000 | 1722 (7 DOM) |
| 13266 Skislope | $508,000 | $508,000 | 1884 (3 DOM) |
| 14840 Alder Creek | $549,000 | $525,000 | 2022 (19 DOM) |
| 14965 Skislope | $550,000 | $525,000 | 2000(207 DOM) |
| 12768 Zurich | $669,900 | $570,000 | 2229 (368 DOM) |
| 12405 St. Bernard | $729,000 | $601,500 | 2264 (184 DOM) |
| 11799 Kitzbuhel | $659,900 | $620,000 | 2294 (47 DOM) |
| 11755 Oslo | $649,000 | $625,000 | 2125 (37 DOM) |
| 11703 Nordic | $649,000 | $649,000 | 2817 (118 DOM) |
| 13532 Davos | $769,000 | $685,000 | 2460 (99 DOM) |
| 15172 Wolfgang | $749,000 | $695,000 | 3274 (107 DOM) |
| 14035 Skislope | $835,000 | $770,000 | 2850 (119 DOM) |
| 12878 Skiview Loop | $1,385,000 | $1,200,000 | 3501 (140 DOM) |
Tahoe Donner® Condos Sold - March 2011
Condos SOLD = 3 (1 Short Sale, 2 REO)
Median List Price = $159,000
Median Sale Price = $150,000
Average Days on Market = 290
YTD TD Condos Sold = 6
Active Listings = 13
Tahoe Donner® Lots Sold - March 2011
Lots SOLD = 2
Median List Price = $112,000
Median Sale Price = $98,500
Average Days on Market = 445
YTD TD Lots Sold = 5
Active Listings = 44
(DOM = Days on Market)
(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!
Tahoe Donner® Real Estate Sales: January 2011
January 29, 2011
Tahoe Donner® Real Estate.
Single Family Homes Sold - January 2011
Single Family Homes SOLD = 9 (2 Short Sales, 7 Standard)
Median List Price = $539,000
Median Sale Price = $512,000
Average Days on Market = 175
YTD TD SF Homes Sold = 9
Active Listings = 73
| Address | Original Price | Sales Price | Square Feet |
| 11997 Brookstone | $483,000 | $329,000 | 1276 (323 DOM) |
| 11692 Mougle | $539,000 | $440,000 | 1796 (186 DOM) |
| 13199 Falcon Point | $494,500 | $435,000 | 1344 (201 DOM) |
| 13838 Copenhagen | $529,900 | $435,000 | 2884 (107 DOM) |
| 13332 Cristallina | $579,000 | $512,000 | 1908 (171 DOM) |
| 14521 Wolfgang | $549,000 | $522,000 | 2109 (13 DOM) |
| 14021 Swiss | $784,500 | $733,000 | 2824 (270 DOM) |
| 12665 Stockholm | $859,000 | $821,000 | 2730 (82 DOM) |
| 12530 Pinnacle Loop | $979,000 | $875,000 | 3124 (220 DOM) |
Tahoe Donner® Condos Sold - January 2011
Condos SOLD = 2 (1 Short Sale, 1 Standard)
Median List Price = $159,000
Median Sale Price = $157,000
Average Days on Market = 123
YTD TD Condos Sold = 2
Active Listings = 16
Tahoe Donner® Lots Sold - January 2011
Lots SOLD = 0
Median List Price = n/a
Median Sale Price = n/a
Average Days on Market = n/a
YTD TD Lots Sold = o
Active Listings = 37
(DOM = Days on Market)
(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!
Annual 2010 Tahoe Donner Market Summary
January 2, 2011
What will 2011 hold for our Truckee real estate market? We believe that the market is bouncing along the bottom. There won’t be significant price drops but rather just small up and down bumps. The number of homes sold will most likely increase as people realize the tremendous values.
Our recommendation for buyers is that you get familiar with the market. Let us know what your wishes are so we can keep our eyes open for you! When you find something you like, DON’T WAIT – TAKE ACTION!
For sellers, we recommend that you get your properties on the market now. Prices are not going to increase in the near future. The median sale price in 2010 was down from 2009. This trend will stabilize or possibly go down slightly for 2011. Bottom line, if you are thinking about selling, do it now as you won’t recover your holding costs with short term increased value.
We are grateful for our many repeat clients and their referrals. Thank you. We look forward to another great year filled with opportunities for many of you!
Let’s take a closer look at what happened in 2010.
Single Family Home Sales by Community…
Where were the majority of the homes sold?
In 2010, 494 single family homes sold in Truckee. Of these homes, 45% or 222 were single family homes that sold in Tahoe Donner. Tahoe Donner is unrivaled with the number of single family homes sales in 2010. Tahoe Donner is a great place to live, enjoy and invest!
“Number” of Single Family Homes Sold in Tahoe Donner by year…
This chart illustrates the number of single family homes sold annually, in Tahoe Donner for the last 7 years (2004 through 2010). We have experienced a 41% decrease in the number of homes sold since 2004. There is only a small difference (2% decrease) between the numbers of homes sold in Tahoe Donner in 2009 compared to 2010.
Median Sale Prices for Single Family Homes in 2010…
This chart shows the median sale prices of single family homes sold in Tahoe Donner from 2004 through 2010. In this analysis, single family home median sale prices were highest in 2005 (“the top of the market”) at $765,000 and have dropped 32% to a low of $520,000 at the end of 2010. This is 8% lower than the median sale price at the end of 2009. Today’s median sale prices are actually 12% less than they were in 2004, the “old” low benchmark. What does this tell buyers? This is a great time to purchase a home in Tahoe Donner. Prices are incredible and interest rates are low. It is a good time to buy a “second” home, a primary residence and it’s also a great time to “buy up”.
WHICH price range was hottest for Tahoe Donner in 2010?
This chart gives us an idea of which price ranges are selling in Tahoe Donner. 84% (186) of the single family homes that sold in Tahoe Donner in 2010, sold for under $750,000 and half of these homes (99) sold for under $500K. Only 5% sold for over a million dollars with the highest priced home selling at $1,790,000.
WHEN should you list your property if you are thinking about selling?
The purpose of this chart is to illustrate the seasonal trend in house selling. If we simply draw a line at the 6 month mark, 40% of the homes sold in 2010 sold in the first half of the year and 60% of the homes sold in the second half of the year (summer /fall). There are a couple of things to consider when timing the listing of your property. The average DOM (days on market) was 87 days in 2010 and the average length of an escrow is about 45 days (sometimes longer and sometimes shorter). On average, if you combine the DOM and the escrow period you are looking about 4.5 months from start to finish to get your house from “listing” to “sold”. This doesn’t include any pre-listing time when you may need to do some things to get your house ready for market. If you want to sell your house this coming summer, you’ll want to have it ready for market by early Spring. In order to maximize your selling price and shorten your selling period there are a couple of things you can do: 1) Give us enough time to thoroughly assess your home and advise you of things you will want to do to make your house more “market ready”, 2) Let us develop a marketing plan specifically for your home and determine the best listing price.
As we have seen over the years, spring is the best time to list your house!
Standard Sales? Short Sales? REO Sales?
These days real estate sales are typically classified as “standard”, “short sale” or “REO sale”. In Tahoe Donner, for 2010, the bulk of the sales (84%) were standard sales, 9% were short sales and 7% were REO sales. Short sale and REO list prices and sale prices are usually lower than standard list and sale prices and this creates pricing challenges for standard sales that have to compete in the same market.
What does all of this mean for Buyers and Sellers?
For Buyers: What are you waiting for! Take advantage of the opportunities. Don’t wait until it’s too late and then wish that you had made a move sooner. It’s hard to say how much lower prices will go (if at all). Don’t wait too long. If you see a great place – go for it. If you don’t somebody else will.
For Sellers: If you are thinking about listing/selling don’t wait until the last minute. And when you do make the decision to list, put your best foot forward. A house that shows well will sell faster and that means more money in your pocket. We have learned from experience that a thorough cleaning, putting away and getting rid of excess “stuff” and cleaning carpets and windows can make a BIG difference. More and more, sellers are proactively ordering home and pest inspections when listing. Knowing up front what may be called out on your house puts you in a better position to negotiate a an offer. If you discover that there are issues with your house, you have ample time to get work taken care of.
CONDO AND TOWNHOMES - Tahoe Donner…
2010 condo sales are up 23% from 2009 to 2010. Median sale prices for condos are down 4.5% from 2009 to 2010. Condo inventory is very low with only half as many condos on the market this year when compared with last year at the same time (12 vs 24)!
LOTS – Tahoe Donner…
Lot sales are up 75% over last year (12 to 29).
The data for our Annual 2010 Tahoe Donner Real Estate Market Summary is retrieved from the Tahoe Sierra Board of Realtors and we use “median” data to make our comparisons and draw conclusions on trends or general tendencies. Information derived from “median data” is often used as an indicator of the strength and direction of the real etate market.
