Martis Camp – 20 Sales in First Quarter 2010
April 22, 2010
Tahoe’s Luxury Second Home Market Stays Hot Into 2010 With $18 Million Sold in the First Quarter at Martis Camp, a Four-Season Family Retreat
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TRUCKEE, Calif., April 1 /PRNewswire/ – Developers of Martis Camp, a very successful private real estate community located in North Lake Tahoe, announced 20 sales in the first quarter of 2010 equaling $18 million, giving signs that the luxury second home market is alive and well in Lake Tahoe.
“We are very excited to see continued sales momentum into the 2010 winter season,” said Brian Hull, director of sales for Martis Camp. “This is the best we’ve ever done in previous first quarters since we began sales in 2006. We have never had a winter like this – even in the best of real estate markets. Prior to 2010, our pinnacle winter was 2006/2007 when we had eight sales.”
Even in these uncertain times, families are still making the commitment to enhance their lifestyle. Buyers are mostly from the western U.S. with heavy concentrations in the San Francisco Bay area as well as Los Angeles. Approximately 75 percent of buyers are paying cash and the other 25 percent have used Martis Camp’s preferred lenders for financing. According to Hull, there are some attractive loan programs currently being offered, and with some cases, buyers are only being required to put 30 percent down. Rates are in the 5% range.
Scott Keith and his wife, Lori, of the Bay Area recently purchased a home site in Martis Camp. When they first pondered the purchase, Keith said, “I thought, ‘No one’s going to be doing this, are we crazy?’ But still it seemed to be the right time to us. We wanted to set up that kind of vacation property where we could enjoy family time.” The couple and their three children hope eventually to build a four-bedroom house on their site. And one added bonus: Prices for contractors are lower than a few years ago, Keith said. “It makes things much more doable.”
Martis Camp Club is a phenomenal offering and features an 18-hole Tom Fazio golf course, direct ski access from Martis Camp to Northstar-at-Tahoe™ via the Martis Camp Express Lift and a vast array of Club amenities, including a Family Barn complex with summer swimming venue, bowling alley, art loft, movie theater, indoor basketball court, soda fountain and outdoor concert park. Martis Camp home sites range from $450,000 to $2 million.
The Martis Camp community is bustling with construction activity with 12 completed homes, along with 30 single-family custom homes currently under construction and a $42 million clubhouse, called the Camp Lodge. Another 20 homes are expected to start construction this summer.
Martis Camp is growing rapidly thanks to a financially sound and responsible development team. DMB/Highlands Group, LLC, is comprised of two of the country’s premier recreational-residential community developers, DMB Associates and Highlands Management Group. This team is responsible for the creation of Lahontan, North Lake Tahoe’s premiere golf course community. The developer’s track record and financial strength provides security to owners/prospects.
Tahoe Donner 1st QTR 2010 Market Update
April 5, 2010
Tahoe Donner 1st QTR 2010 Sales Analysis
This chart illustrates:
1) Number of Homes Sold in the 1st QTR from 2004 through 2010.
2) Comparison of Median List Price to Median Sold Price for the 1st QTR from 2004 through 2010.
An analysis of the sales data concludes that Median List and Median Sold prices are lower in 2010 than they were in 2004 (the benchmark low) and the number of homes sold, when comparing QTR 1 2004 to 2010, shows a decrease of 24%. However, 1st QTR sales in 2010 are up almost 12% from the 1st QTR in 2009.
Tahoe Donner Consecutive Quarterly Comparisons
This chart illustrates:
1) Number of Homes Sold in Tahoe Donner QTR 1 2009 – QTR 1 2010 = 265
2) Comparison of Median List Price to Median Sold Price of Homes Sold in Tahoe Donner QTR 1 2009 – QTR 1 2010
The Quarterly data suggests that on average there is about a 4.5% difference between Median List Price and Median Sold Price. (Sold prices being less than list prices). Additionally, on a Quarterly basis, sales of single family homes in Tahoe Donner have increased 12% when comparing the 1st Qtr of 2009 (34 homes sold) with the 1st Qtr of 2010 (38 homes sold). However, the median sale price has decreased almost 10% from QTR 1 2009 ($557,580) compared to QTR 1 2010 ($502,000).
Price Category Comparison of Homes Sold
This chart illustrates:
1) Number of Homes Sold QTR 1 in Tahoe Donner = 38
2) Comparison of Price Categories of Homes Sold in Tahoe Donner
38 single family homes sold in Tahoe Donner during the 1st quarter of 2010. 50% (or 19) of these homes sold for under $499,999, 34% (or 13) of the homes sold for between $500K and $749,999, 13% (or 5) of these homes sold for between $750K and $999,999. There was only one home that sold for over $1 million dollars and it sold for $1,225,000. This home was originally listed at $2,190,000 and was on the market for 639 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 relatively fewer buyers, you also have to price right for our current market. 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. Buyers, now is the time to get off the fence and make a purchase. We will begin to see more and more houses come on the market and the competition will become greater.
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 530-412-0583 and Karen 530-448-3624.
Tahoe Donner® Real Estate Sales: March 2010
March 31, 2010
Tahoe Donner® Real Estate
Single Family Homes Sold - March 2010
Single Family Homes SOLD = 17 (10 standard sales, 6 short sales, 1 REO)
Median List Price = $530,000
Median Sale Price = $520,000
Average Days on Market = 118
YTD TD SF Homes Sold = 38
Active Listings = 73 (as of 3/31)
| Address | Original Price | Sales Price | Square Feet |
| 14760 Northwoods (short) | $339,950 | $339,950 | 1410 |
| 15807 Northwoods (short) | $550,000 | $341,000 | 2300 |
| 11616 Zermatt | $415,000 | $399,000 | 1600 |
| 12569 Hillside (short) | $469,000 | $425,000 | 2134 |
| 11514 Zermatt (short) | $399,000 | $399,000 | 2450 |
| 15360 Wolfgang | $437,000 | $419,500 | 1708 |
| 12401 Hillside | $499,500 | $455,000 | 2483 |
| 14351 Glacier View | $529,000 | $505,000 | 1730 |
| 12297 Bernese | $530,000 | $520,000 | 16360 |
| 12690 St. Bernard | $629,999 | $612,000 | 2092 |
| 13767 Hillside (short) | $729,000 | $640,000 | 2552 |
| 12135 Muhlebach | $625,000 | $618,000 | 2366 |
| 11924 Skislope (short) | $799,000 | $701,000 | 3013 |
| 14632 Christie | $724,900 | $724,900 | 2525 |
| 12335 Greenleaf | $799,750 | $775,000 | 2500 |
| 14359 Skislope (REO) | $816,000 | $875,000 | 2942 |
| 14020 Skislope | $2,190,000 | $1,225,000 | 3919 |
Tahoe Donner® Condos Sold - March 2010
Condos SOLD = 5 (2 standard sales, 1 short sale, 2 REO)
Median List Price = $300,000
Median Sale Price = $300,000
Average Days on Market = 164
YTD TD Condos Sold = 11
Active Listings = 26 (as of 3/31)
Tahoe Donner® Lots Sold - March 2010
Lots SOLD = 4 (2 standard sales, 2 REO)
Median List Price = $183,500
Median Sale Price = $161,875
Average Days on Market = 150
YTD TD Lots Sold = 6
Active Listings = 40 (as of 3/31)
(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!
Thinking About Listing Your Property?
March 11, 2010
Active Listings vs. Recent Sales
When we analyze the current active listings vs. the recent sales we can gain some knowledge about what people are buying and how a new listing should be priced.
Of the Tahoe Donner single family homes that sold during the month of February, 82% sold under $750,000. One half of those sales were under $500,000. It has been very evident in the last couple of years that buyers are looking for “the deal”. When it was a seller’s market, buyers would often be willing to step up their purchase price a bit to get the nicer house, location, etc. Now, given a choice between places, most buyers lean towards the lower price and are choosing based on price/value.
For sellers, the good thing right now is the inventory is low with only 71 single family homes on the market. This summer will most likely bring the number of listings to 150 or more. So, if selling is a consideration, we recommend getting your property on the market now (less competition). Pricing is important as always and if your home is value is teetering around $750,000 or so, we recommend trying to price it so it falls into the lower brackets. You want to have your house listed in the price groups where people are looking.
In the end, pricing too high historically leads to a lower selling price and increases your carrying cost of the property, i.e. the “cost of money”, taxes, and other expenses. Pricing well is the key, your property will sell faster and offers usually come in much closer to asking price.
We often hear people say they will hold onto their place until the market gets better. If you want to get the use out of your place then that is a fine strategy, but be prepared to wait 2 years or so. Even then don’t expect the value to skyrocket. So, holding the house to get a higher price is not a good plan if selling is what you ultimately want to do. Sell now and eliminate those carrying costs.
Tahoe Donner® Real Estate Sales: February 2010
March 1, 2010
Tahoe Donner® Real Estate
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 = 71 (as of 3/10)
| Address | Original Price | Sales Price | Square Feet |
| 10767 Skislope (REO) | $274,900 | $238,000 | 928 |
| 14123 Glacier View | $599,000 | $445,000 | 2868 |
| 11374 Zermatt | $499,000 | $450,000 | 1440 |
| 14041 Tyrol (Short) | $499,900 | $375,000 | 1450 |
| 16507 Northwoods | $499,000 | $499,000 | 1800 |
| 13069 Muhlebach | $719,900 | $505,000 | 2292 |
| 11848 Chalet | $595,000 | $535,000 | 2132 |
| 13145 Stockholm | $679,500 | $625,000 | 2170 |
| 14814 Skislope | $899,000 | $680,000 | 3069 |
| 13535 Skiview Loop | $895,000 | $865,000 | 2832 |
| 14355 Swiss lane | $1,129,000 | $985,000 | 3050 |
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 = 22 (as of 3/10)
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 = 38 (as of 3/10)
(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!
Tahoe Donner® Real Estate Sales: January 2010
February 1, 2010
Tahoe Donner® Real Estate
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
| Address | Original Price | Sales Price | Square Feet |
| 14050 Davos Drive | $299,000 | $279,000 | 1264 |
| 11046 Bolzano | $330,000 | $325,000 | 1512 |
| 16549 Northwoods | $446,900 | $3820,000 | 2000 |
| 12753 Hillside | $435,900 | $375,000 | 1792 |
| 10974 Bolzano | $420,000 | $378,000 | 1550 |
| 14680 Copenhagen | $539,900 | $478,000 | 1568 |
| 13314 Roundhill | $515,000 | $495,000 | 1800 |
| 13559 Weisshorn | $699,000 | $699,000 | 11914 |
| 14137 Glacier View | $1,399,000 | $750,000 | 3957 |
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!
Martis Camp – Hottest Real Estate Buy in U.S. Today!
December 10, 2009
$35 Million Sales in 2009 for Martis Camp Defies Economy, Making Tahoe’s Four-Season Family Retreat Hottest Real Estate Buy in America
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TRUCKEE, Calif., Dec. 7 /PRNewswire/ – Developers of Martis Camp, a very successful private real estate community located in North Lake Tahoe, announced 50 sales in 2009 equaling $35 million during the worst economy in 70 years, making it the hottest real estate buy in the U.S. today.
Sixty-one percent of the sales were from buyers in the San Francisco Bay area, and 20 percent are from Southern California, according to Martis Camp Sales Director Brian Hull. “Martis Camp embraces everything that the iconic Lake Tahoe area has to offer and is engaging families with a mountain lifestyle that is not found anywhere else in the Western US,” says Hull. “Even in this economic climate, families are still making the financial commitment, which affords them the incredible lifestyle experience at Martis Camp.” Since sales were launched in 2006, more than 240 homesites, representing approximately $200 million in sales have been made.
Why? Martis Camp is a private, premier playground, offering families a year round, four-season retreat on the finest piece of land in Tahoe. “And Tahoe is really becoming the “in” destination now by wrapping the best every season has to offer into one place,” says Hull. ” Many families have a favorite ski destination and a favorite summer destination in a different resort area. But in Tahoe, you can enjoy all your favorite recreational activities anytime of year. Ski Magazine just recognized the area for an abundance of winter amenities and with the Ritz Carlton opening its newest hotel here, the area is simply hot!”
In the winter, club members at Martis Camp can enjoy direct ski access from Martis Camp to Northstar(TM)-at-Tahoe Resort via the Martis Camp Express quad lift. In the summer, they can enjoy exceptional golf on the 18-hole Tom Fazio-designed course, classes at the Martis Camp Folk School, reading in the Lost Library, listening to an evening concert at the Martis Camp Amphitheater, multiple outdoor adventure activities and much more. The Family Barn is a family recreation and entertainment complex that anchors the 2,177-acre private gated community. With a summer swimming venue, bowling alley, art loft, movie theater, indoor basketball court, soda fountain and outdoor concert park, the Family Barn is the consummate gathering place for year-round social events including dances, wine tasting, karaoke, volunteer events and summertime concerts. Owners view Martis Camp as a family playground offering unlimited access to the natural world with authentic experiences.
“From the design of the community Gatehouse to the Family Barn, Martis Camp is a big family place offering a National Park-like experience,” said Dean Rider of San Francisco. “I looked all over the country, coast-to-coast, for the ultimate family community. Martis Camp is exactly what I was looking for. We were looking for a vacation home where everyone in our family could bike, ski and hike.”
As 2010 approaches, Martis Camp is bustling with construction activity with 30 single-family custom homes currently under construction along with the $42 million clubhouse called the Camp Lodge.
Martis Camp is growing rapidly thanks to a financially sound and responsible development team. DMB/Highlands Group, LLC, is comprised of two of the country’s premier recreational-residential community developers, DMB Associates and Highlands Management Group. The team is responsible for the creation of Lahontan, North Lake Tahoe’s premiere golf course community. The developer’s track record and strength provides security to owners/prospects. “Martis Camp is an intelligent choice for second home buyers who want something year-round that appeals to all age groups,” says Hull. “We are successful in these difficult and challenging times because a ‘legacy’ purchase is in demand. Our Owners want something that’s useable year-round plus something every person in their family will enjoy that can be passed down through the generations.”
Ski Passes – Tis’ the Pre-Season!
October 30, 2009
Tahoe Donner Downhill
and Cross Country Season Passes On Sale
Yes! It’s already that time of the year. We’ve had a dusting of snow and the mountain tops look like they’ve been decorated with powdered sugar! 
Member Season Pass Application
Public Season Pass Application
Discounted season passes for Cross Country Skiing are on sale from Thursday, October 1– Saturday, October 31. On Sunday, November 1 the prices go up. Act now to save money. Make sure to submit your pass application by October 31 to receive the discounted rate. Mail it to the Member Services Office at 11509 Northwoods Blvd. Truckee, CA 96161. Or fax it to (530) 587-9423.
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!
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!
