Single Family Homes Sold - February 2010

Single Family Homes SOLD = 11
Median List Price = $549,000
Median Sale Price = $505,000
Average Days on Market = 127
YTD TD SF Homes Sold = 21
Active Listings = 68

Tahoe Donner® Condos Sold - February 2010

Condos SOLD = 2 (both Standard Sales)
Median List Price = $459,000
Median Sale Price = $435,000
Average Days on Market = 90
YTD TD Condos Sold = 6
Active Listings = 20

Tahoe Donner® Lots Sold - February 2010

Lots SOLD = 1 (REO)
Median List Price = $129,900
Median Sale Price = $117,500
Average Days on Market = 88
YTD TD Lots Sold = 2
Active Listings = 36

(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!

Single Family Homes Sold - January 2010

Single Family Homes SOLD = 9
Median List Price = $400,000
Median Sale Price = $382,000
Average Days on Market = 42
YTD TD SF Homes Sold = 9
Active Listings = 73

Tahoe Donner® Condos Sold - January 2010

Condos SOLD = 4
Median List Price = $381,975
Median Sale Price = $377,250
Average Days on Market = 200
YTD TD Condos Sold = 4
Active Listings = 27

Tahoe Donner® Lots Sold - January 2010

Lots SOLD = 1
Median List Price = $59,900
Median Sale Price = $56,500
Average Days on Market = 427
YTD TD Lots Sold = 1
Active Listings = 36
(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!

SINGLE FAMILY HOMES – Tahoe Donner  

WHERE were the majority of homes sold?
56% of all single family home sales in Truckee were homes sold in Tahoe Donner. Tahoe Donner is unrivaled with the number of single family home sales in the year 2009! Tahoe Donner is a great place to invest. 

Median ”SALE  PRICES” for Single Family Homes in 2009…

*Short Sale:  A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property’s loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the current debtor. 

*REO: Real estate owned or REO is a class of property owned by a lender, typically a bank, after an unsuccessful sale at a foreclosure auction. 

 For Buyers, we don’t expect to see home prices fall in 2010. The general trend shows that the downward spiral of prices has settled and the increase in the number of Tahoe Donner sales shows us that people are buying!  Take advantage of this opportunity to buy.    

For Sellers, it looks like home prices have settled. Prices probably aren’t going to fall much more in 2010 and on the flip side, prices won’t rise too quickly in the near future. If you have been thinking about or needing to sell, the most sound advice is to price correctly, get your house on the market and entice the buyers NOW while there are fewer houses on the market and less inventory for buyers to choose from. 

Single Family Homes Sold - December  2009

Single Family Homes SOLD = 35
Median List Price = $649,000
Median Sale Price = $638,000
Average Days on Market = 99
YTD TD SF Homes Sold = 227
Active Listings = 70 (as of 1-7-10)

Tahoe Donner® Condos Sold - December 2009

Condos SOLD = 2
Median List Price = $135,450
Median Sale Price = $134,500
Average Days on Market = 103
YTD TD Condos Sold = 34
Active Listings = 26 (as of 1-7-10)

Tahoe Donner® Lots Sold - December 2009

Lots SOLD = 0
Median List Price = N/A
Median Sale Price = N/A
Average Days on Market = N/A
YTD TD Lots Sold = 12
Active Listings = 31 (as of 1-7-10)

(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!

Single Family Homes Sold - November  2009

Single Family Homes SOLD = 15
Median List Price = $585,000
Median Sale Price = $535,000
Average Days on Market = 123
YTD TD SF Homes Sold = 192
Active Listings = 96

Tahoe Donner® Condos Sold - November 2009

Condos SOLD = 4
Median List Price = $339,500
Median Sale Price = $315,000
Average Days on Market = 107
YTD TD Condos Sold = 31
Active Listings = 24

Tahoe Donner® Lots Sold - November 2009

Lots SOLD = 2
Median List Price = $177,500
Median Sale Price = $168,750
Average Days on Market = 25
YTD TD Lots Sold = 12
Active Listings = 37

(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!

Single Family Homes Sold - October  2009

Single Family Homes SOLD = 30
Median List Price = $614,000
Median Sale Price = $605,000
Average Days on Market = 93
YTD TD SF Homes Sold = 177
Active Listings = 145

Tahoe Donner® Condos Sold - October 2009

Condos SOLD = 5
Median List Price = $279,000
Median Sale Price = $274,000
Average Days on Market = 87
YTD TD Condos Sold = 27
Active Listings = 27

Tahoe Donner® Lots Sold - October 2009

Lots SOLD = 2
Median List Price = $212,500
Median Sale Price = $182,500
Average Days on Market = 132
YTD TD Lots Sold = 10Active Listings = 54

(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 Consecutive Quarter Sales Analysis
(A Glimpse at this past Year)

The Quarterly data suggests:

• Median “SOLD” prices have decreased 21% when comparing 3rd QTR 2008 ($665,500) to 3rd QTR 2009 ($525,000).
• Comparing same time this year with same time last year, 3rd QTR sales are up 19%. 54 homes sold during the 3rd QTR of 2008 while 64 homes sold during the 3rd QTR of 2009.
• Comparing consecutive quarters in 2009, Single Family Home sales have increased 33% from QTR 2 ‘09 (48 homes sold) to QTR 3 ‘09 (64 homes sold).
• Summary: PRICES are DOWN and SALES are UP. We have seen an increase in sales this past month. There are several contributing factors including, 1) market savvy Realtors and their sellers are getting better at pricing for the current market, 2) buyers are taking advantage of good inventory and low interest rates, 3) well versed buyers working with good Realtors recognize “good opportunities” and are writing stronger offers and 4) Tahoe Donner home sales typically pick-up at this time of the year as buyers make their purchases before the snow falls.
  

  ---

Tahoe Donner 3rd QTR Sales Performance 2004 – 2009
(The Bigger Perspective – The Last 5 Years)

This chart illustrates:
1) Number of Single Homes Sold during the 3rd QTR from 2004 through 2009.
2) Comparison of Median List Price to Median “Sold” Price for the 3rd QTR from 2004 through 2009.

The sales data for Tahoe Donner single family homes shows us:

• Current single family home ”SOLD” prices are similar but slightly lower than they were in 2004.
• Since the top of the market, in 2005, single family home “SOLD” prices have dropped 32%. This means there are great opportunities.

What do these numbers tell us?

Buyers – now is the time to get serious. Prices are low, interest rates are low and there is good inventory. If you are in the position to purchase property, NOW IS THE TIME TO BUY. Call us today: 530-412-0583!

Sellers- if you need to sell, now more than ever, you need to price your home for the current market and you have to get the price right, right from the start! If you price too high, you’ll get skipped over and you’ll spend your time making price reductions when you could have sold your house! It’s not too late. Inventory is getting snapped up and new inventory is always great. The Buyers are out there!

Price Category Comparison of Homes Sold

64 single family homes sold in Tahoe Donner during the 3rd quarter of 2009. 

• 85% of these homes sold for under $750K (54 homes)
• 12% of the homes sold for between $750K and $1 million dollars (8 homes)
• Zero homes sold for between $1 million dollars and $1.25 million dollars
• 3% (or 2 homes) sold for between $1.25 million and $1,499,999
• Zero homes sold in the price category exceeding $1,500,000

* Well priced single family homes under $750K are getting the most attention. If you are in the “over a million” category, you’ve got to be very strategic about your pricing.

If you are a buyer or a seller or just have questions, we would love to talk with you. We are easy to get a hold of. Send us an email at karen@huntoonrealestate.com or give us a call at 530-412-0583.

Single Family Homes Sold - August  2009

Single Family Homes SOLD = 17
Median List Price = $594,750
Median Sale Price = $565,000
Average Days on Market = 67
YTD TD SF Homes Sold = 129
Active Listings = 163

Tahoe Donner® Condos Sold - August 2009

Condos SOLD = 3
Median List Price = $399,000
Median Sale Price = $341,000
Average Days on Market = 136
YTD TD Condos Sold = 19
Active Listings = 35

Tahoe Donner® Lots Sold - August 2009

Lots SOLD = 1
Median List Price = $129,000
Median Sale Price = $100,000
Average Days on Market = 98
YTD TD Lots Sold = 7
Active Listings = 51

(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!

Single Family Homes Sold – July 2009

Single Family Homes SOLD = 20
Median List Price = $512,500
Median Sale Price = $495,000
Average Days on Market = 108
YTD TD SF Homes Sold = 102
Active Listings = 171

Tahoe Donner Condos Sold – July 2009

Condos SOLD = 4
Median List Price = $32,500
Median Sale Price = $310,500
Average Days on Market = 125
YTD TD Condos Sold = 15
Active Listings = 26

Tahoe Donner Lots Sold – July 2009

Lots SOLD = 1
Median List Price = $16,950 (Shared Ownership – Amenity Lot)
Median Sale Price = $16,500
Average Days on Market = n/a
YTD TD Lots Sold = 6
Active Listings = 56

(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 2nd QTR 2009 Sales Analysis

The sales data for Tahoe Donner single family homes shows us that home sale prices right now are similar to sale prices in 2004 (before we hit the top of the market in 2005). However the number of homes sold, when comparing 2004 to 2009, shows a decrease of 50% .  For example,  94 single family homes sold in the 2nd QTR of 2004 compared to 47 in 2009!

What do these numbers tell us?

Buyers – now is the time to get serious. Prices are low, interest rates are low and there is good inventory. If you are in the position to purchase property, there are great opportunities.

Sellers- if you need to sell, now more than ever, you need to price your home for the current market and you have to get the price right, right from the start! If you price too high, you’ll get skipped over and you’ll spend your time making price reductions when you could have sold your house!

Price Category Comparison of Homes Sold

48 single family homes sold in Tahoe Donner during the 2nd quarter of 2009. 75% of these homes sold for under $750K (36), 17% of the homes sold for between $750K and $1 million dollars (8), 6.25 % sold for between $1 million dollars and $1.25 million dollars (3).  2% (or 1 home) sold for $1.25 million and there have been no sales in Tahoe Donner, during the 1st & 2nd Quarters of 2009, that have exceeded $1,250,000.  Well priced homes under $750K are getting the most attention.

Tahoe Donner Consecutive Quarterly Comparisons

The Quarterly data suggests that on average there is a 4% difference between the most recent Median List (or asking price) Price and Median Sold Price. In a Buyers Market, we would expect to see properties selling for less than the asking price.

The graph also shows us that Quarterly sales are down 4% when compared with the same time last year (2nd QTR 2008 and 2nd QTR 2009), however; sales have increased 28% from QTR 1 to QTR 2 in 2009. We expect stronger sales in July, August and September. Let’s hope this is a trend!

If you are a buyer or a seller or just have questions, we would love to talk with you. We are easy to get a hold of. Send us an email, karen@huntoonrealestate.com or give us a call at 530-412-0583.