Sales in the Tahoe & Truckee markets were up 5% from last August. 63 single family homes sold in August 2008 compared to 60 homes that sold last year. 18 condos sold this month and 6 properties categorized as "other." There was much activity in the lower end again this month, specifically in the $300,000 to upper $600,000 price range.

There are currently 1173 single family homes listed in the Tahoe/Truckee area. This number is down a little from the 1190 homes listed at the end of last month. 343 condos are currently listed and 175 "other" properties. Last year at this time, there were 1124 single family homes listed in the Tahoe/Truckee area. 12 of these properties are listed as contingent short sales. The average listed price is $1,267,609 (up 1% from last month) and the median listing price is $789,000 (also up 1% from last month). The average days on market is 153 and the median days on market is 106 days. There are currently 89 single family homes in escrow (up 9% from last month). The absorption rate for the homes listed is about 7.5% (up 10% from last month). This means that 92.5% of homes currently listed in our MLS are failing to sell. There is about 13 months of inventory remaining for Tahoe/Truckee homes.

Homes in the $500K and under price range saw some of the most activity this month with 24 homes selling. The average sold price was $369,379 and the median price was $417,500. The average list to sales price was 96%. There are still 263 active listings for sale in this price range. 32 homes are under contract which puts the absorption rate at about 12%. There is still around 8 1/2 months of inventory remaining in the $500K and under price range.

17 homes sold in the $500K to $700K price range. The average sold price was $645,129 and the median was $650,000. The average days on market for homes in this price range was 105 days. The average list to sales price was 94%. There are still 262 active single family listings. 20 homes in this price range are currently under contract. The absorption rate for homes in this range is about 7.5% and there is about a 13 months supply of inventory.

The $700K to $1.2 million range saw a fair amount of activity again this month with 12 homes selling. The average days on market in this price range was 121 days. The average sold price was $1,026,916 and the median sold price was $984,000 (both up significantly from last month). The average list to sales price was 90%. There are currently 332 single family homes listed in this price range. 17 homes are under contract which puts the absorption rate at about 5%. There is about 19 1/2 months of inventory still remaining for this price range.

4 homes in the $1.2 million to $2 million range sold this month. The average sold price was $1,240,000 (down 73% from last month) and the median sold price was $1,504,750. The average list to sales price was 92%. There are still 177 homes listed in this price range (same as last month) and 14 are pending which puts the absorption rate at about 8%. There is still a little over a year's worth of inventory in this price range.

Sales have picked up quite a bit this last month as it is towards the end of the busy selling season. Labor Day weekend was especially busy. There was also quite a few price reductions in the past couple weeks as well with sellers wanting to take advantage of last few weeks of summer. It continues to be a buyers' market and the homes that are priced well are going quickly. Some of the best deals are with short sales (although there are surprisingly not that many in the area) and new construction homes.

14 new homes came on the market in Truckee this past week. One of them already went pending! 4 other single family homes went into contract this week. There are currently 8 single family homes under contract in Truckee which gives the market an aborption rate of about 15%. One home sold this week. It was a short sale in Prosser that sold for $400K (on the market for 274 days, originally listed for $500K). 52 homes are actively listed giving us about 6 1/2 months of inventory still remaining. Click here for more info on the Truckee Market.

June 4, 2008

Dear Client;

Market Overview

Headlines abound with all the problems across the country. They also highlight the number of investors in the market place. Just like the stock market, for everyone selling, there is someone buying. We still believe 2008 will have similar numbers to 2007. Certainly there have been some exceptional deals buyers have negotiated with market prices generally back to 2003 – 2004 levels. Sellers who bought in earlier years have still done exceptionally well with their investment. For first time buyers, this is a second chance with great prices and mortgage rates.

Tahoe Donner

The monthly numbers are very similar to a year ago. There was one lot sale, a golf course lot on Skiview Loop offered at $375,000.

Lahontan

There was one home sale. There were no lot sales.

Old Greenwood/Grays Crossing

There were no home sales and one fractional sale in Old Greenwood. There were no lot sales.

Northstar

There were no home sales and 2 condo sales in the Village.

Glenshire/Sierra Meadows/Prosser/Donner Lake

There were 14 home sales congregated in the lower end of the market.

Squaw Valley / Alpine Meadows

There were 3 condo sales in Squaw Valley.

If you would like more detailed information or specific information related to your property, please do not hesitate to call.

If you know anyone that we can assist to become an owner in our beautiful area and be one of your neighbors, please let us know. If there is anything we can do to help you with your business, we would like to know. Thank you for your support.

Sincerely,

Bob and Nancy

The Davis Yoder Realty Group

Keller Williams Boice Realty

www.truckeeinfo.com

www.tahoe.cc

ryoder@truckeeinfo.com

530-582-3313

The Market Monitor

May 1, 2008

Re: Truckee Area Real Estate Market

Dear Client;

Market Overview

The market continues to chug along. Buyers have done very well with their purchases as we have seen some exceptional deals and homes selling at less than replacement cost and land selling at a tremendous discount to several years ago.

The number of closed sales is down 30%, the dollar volume down 25% and the median sales price for residential up 8%.

The current buyer activity is normal for this time of year and things will be quiet for the next 2 months.

Tahoe Donner

The number of home sales was pretty close to the 2007 number and inventory is now pretty much the same as 2007. There were 3 sales over $1 million and below $1.2 million. The sales to list ratio is still very low so no indications of any changes in the market.

There was 1 lot sale.

Lahontan

There were no home sales and 1 lot sale at $255,000.

Old Greenwood/Grays Crossing

There were no home sales and 2 lot sales in Grays Crossing.

.

Northstar

There were 3 home sales and 1 condo sale. All were in the lower price ranges. Additionally there were 2 Ritz Carlton sales

Glenshire/Sierra Meadows/Prosser/Donner Lake

There were 14 residential sales with the highest at $610,000 and the median price at $424,000. So demand is in the lower end.

Squaw Valley / Alpine Meadows

There was 1 condo sale in Alpine and no sales in Squaw.

If you would like more detailed information or specific information related to your property, please do not hesitate to call.

If you know anyone that we can assist to become an owner in our beautiful area and be one of your neighbors, please let us know. If there is anything we can do to help you with your business, we would like to know.

Thank you for your support.

Sincerely,

Bob and Nancy

The Davis ♦ Yoder Realty Group

Keller Williams Boice Realty

www.truckeeinfo.com

www.tahoe.cc

ryoder@truckeeinfo.com

530-582-3313

The Market Monitor

April 3, 2008

Re: Truckee Area Real Estate Market

Market Overview

The market continues to drift lower as measured by sales volume. There were a total of 60 residential properties go under contract in March. This equates to a 20 month supply of residential properties. While this is a dangerous number to use for our marketplace, as there are extreme seasonal changes in the market, it does give a picture of what is going on. This is a low number for this period especially since March included Easter this year and ski conditions and travel weather were excellent. Certainly there were some extreme financial market conditions with the unraveling of Bear Stearns and the Fed coming to the rescue of the financial system.

On the positive side, increases in conforming loan amounts, very low mortgage interest rates and strong interest in the upper end market are very positive. Several Tahoe lakefronts sold with the highest at an asking price of $25 million.

The lower end of the market, which has been anemic, saw most of the activity.

This market continues to be an exceptional buyers market.

Tahoe Donner

There were 13 residential sales which is historical low for this period. There were 2 lot sales.

Lahontan

There was one home sale and no lot sales.

Old Greenwood/Grays Crossing

There were no home sales and one closing that indicates tremendous opportunity for buyers with regard to price. There were no lot sales.

Northstar

There was one home sale and one fractional sale in the Northstar Club. There was one lot sale.

Glenshire/Sierra Meadows/Prosser/Donner Lake

There were 17 residential sales concentrated in the lower price range with a median value of $447,450.

Squaw Valley / Alpine Meadows

There was one home sale in each of Alpine and Squaw and 3 condo sales in Squaw.

If you would like more detailed information or specific information related to your property, please do not hesitate to call.

If you know anyone that we can assist to become an owner in our beautiful area and be one of your neighbors, please let us know. If there is anything we can do to help you with your business, we would like to know.

Thank you for your support.

Sincerely,

Bob and Nancy

The Davis ♦ Yoder Realty Group

Keller Williams Boice Realty

www.truckeeinfo.com

www.tahoe.cc

ryoder@truckeeinfo.com

530-582-3313