|
Northstar (Truckee), California Homes Real Estate Market Report – Year End Review 2011
The Northstar neighborhood of Truckee is located approximately six (6) miles south downtown historic Truckee, California, or six and one-half (6.5) miles north of Kings Beach, Lake Tahoe, California.
The Northstar neighborhood is a premium ski resort location. This resort area is very desirable for many reasons. Property owners find the close proximity to the Ritz Carlton at Tahoe resort and the Village at Northstar, with all of its amenities such as shopping, restaurants, ski lifts, ice skating, and the special events that the Northstar organizers put on a real plus.
They also find the close proximity to Truckee, California and Lake Tahoe recreational activities such as boating, hiking, biking, tennis, golf, skiing, shopping, and restaurants makes the Northstar area a great community to live in.
In addition to all of the great area amenities that the region offers, the Northstar property owners also have access to the Northstar home owners club, which includes a seasonal swimming pool, and tennis courts, and the area has a golf course in the community.
The Northstar area is known for its easy year-around access, the larger lot sizes, and the nice wide streets. It’s an easy neighborhood to get to on a year-around basis, and winter vacation rentals in the area are very desirable.
The Northstar neighborhood has some smaller, older Tahoe cabins and homes, but the area also has a nice selection of larger, newer, luxury mountain homes. Northstar has approximately 569 parcels. Some of the properties are ski-in and ski-out. Many are golf course properties that back to the Northstar 18-hole golf course. Some have a view of Martis Valley, and lastly all have access to the Northstar shuttle bus system which makes getting to everything east.
Northstar (Truckee), Lake Tahoe, California - Sold Single Family Homes:
The Northstar (Truckee), Lake Tahoe, California ski resort area single family home prices have dropped -34% since 2006, reflecting the overall decline and market correction that seems to have hit most markets.
Second home buyers have taken advantage of this price correction in 2011, which is seen in the increase in home sales volume, which is up 61% over 2010 volume sales.
Cash sale transactions were at 48% of the Northstar home market, which is above the regional average of 35%, again showing us that investors found value in this market and a good place to invest their dollars.
The current absorption rate for the Northstar neighborhood is at 8.7 months. Anything above 7 months of inventory is considered a Buyers’ market. Getting an absorption rate below 7 months is the first step to turning around a declining market is reducing the current inventory.
Distress sales (bank foreclosures- real estate owned (REO’s) and short sales) accounted for 17% of all homes sold in 2011, which is a slight decrease over last year. While most sellers are not distressed sellers, having REO’s or short sales in their neighborhood puts pricing pressure on regular sellers as these distressed sales are helping to set the sales price for all sellers in a neighborhood. The second step to turning a declining market around is to work through the short sales and foreclosures.
There were 23 Active – available homes for sale in the Northstar area as of 01/29/2012. They ranged in price from $485,500 to $3,250,000. Of the 23 homes offered for sale there were no bank foreclosures zero (0) REO listings, but two (2) short sales, which made up making up 9% of the available inventory. There are five (5) pending sales in this exclusive vacation-resort second home market ranging in listed price from $419,950 to $1,165,000, one of these sales is an REO listing.
0
See all Northstar (Truckee), California mountain homes and cabins for sale here.
See all Northstar (Truckee), California condos and townhouses for sale here.
There may not be short sales or Bank Foreclosures (REO’s) for sale at this time. If there are not current listings, and you’d like to know when a new listing does come on the market, call Laura 530-414-1260.
See Northstar (Truckee), California short sale mountain homes and cabins for sale here.
See Northstar (Truckee), California short sale condos and townhouses for sale here.
See all Northstar (Truckee), California Bank Foreclosures REO’s condos and townhouses for sale here.
Northstar (Truckee), Lake Tahoe, California,
Real Estate Summary for Sold Single Family Homes
|
Year |
Homes Sold |
Median Average Sales Price |
Lowest Price Sold |
Highest Price Sold |
% Cash Transactions |
Absorption Rate < 5 months Sellers Mkt 5-7 months balanced >7 months Buyers’ Mkt |
% Distressed Sales |
Breakdown of distressed Sales |
|
2011* |
29 |
$765,000 |
$452,500 |
$3,200,000 |
48% |
8.7 months Buyers’ Market |
17% |
4 REO’s 1 Short Sales |
|
2010 |
18 |
$1,454,250 |
$396,000 |
$3,000,000 |
44% |
NA |
21% |
1 REO’s 3 Short Sale |
|
2009 |
20 |
$937,500 |
$585,000 |
$2,950,000 |
50% |
NA |
5% |
0 REO’s 1 Short Sales |
|
2008 |
11 |
$1,195,000 |
$699,000 |
$5,500,000 |
54% |
NA |
0% |
0 REO’s 0 Short Sales |
|
2007 |
21 |
$1,210,000 |
$785,000 |
$5,050,000 |
38% |
NA |
0% |
0 REO’s 0 Short Sales |
|
2006 |
18 |
$1,162,500 |
$935,000 |
$2,399,000 |
33% |
NA |
0% |
0REO’s 0 Short Sales |
*YTD period is 01/01/2011 – 12/31/2011. Absorption rate is based on 30 day period as of 01/29/2012.
If you’d like more Lake Tahoe – Truckee, California real estate information, read Tahoe Laura’s Luxury Homes most recent real estate newsletter.
For all of your Tahoe real estate needs - Laura Allen, Broker Associate, REALTOR®, CRS, ABR®, RSPS, ePRO, Previews Property Specialist, DRE# 01473598, 530.414.1260, www.TahoeLauraLuxuryHomes.com Laura@TahoeLaura.com, Coldwell Banker Residential Brokerage, Tahoe City, California.
Note: Year-to-date summaries are based on information from the Tahoe Sierra Board of Realtors (TSMLS). Due to TSMLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Laura Allen, or Coldwell Banker Residential Brokerage does not guarantee the data’s accuracy. Data maintained by the TMLS's may not reflect all real estate activity in the market. All information is deemed to be reliable, but is subject to change and/or correction without prior notice. Data Source – Tahoe Sierra Multiple Listing Service (TSMLS). If your property is currently listed for sale, or you have an active Buyer Representation Agreement, this is not intended as a solicitation.
![]() |
|
|
Mountain Honey Stitchery in Truckee CA
My dear friend Dot Ferneyhough is one of the craftiest person I know. I often compare her to Martha Stewart since she sews, knits, does embroidery & all kinds of needlework, makes jewelry, creates beautiful note cards...you name any crafts and Dot has done them all.
Today Dot is writing a guest blog about Mountain Honey Stitchery, a local fabric store and alteration shop in Truckee where Dot works part time. Here is Dot's post:
What to do when winter in the mountains is not what you are used to? Ski passes are burning a hole in our pockets and all the storm brought was a piddly amount of snow and rain.
Well, for those who love to sew and quilt and do projects with felts, why not go visit Mountain Honey Stitchery, near Truckee Airport. Besides a place to buy fabrics, sewing notions, you can get your clothing articles altered and repaired. Tuxedos can also be rented for your weddings or high school proms. Many choices and they start at $70! By not having to go to Reno you will also save money on gas & support Truckee local business at the same time.
Just over a year ago, I walked into the sewing store to buy a zipper. A tall young lady asked if I sewed. She is Anne Henry, the new owner of the sewing store, formerly known to locals as Donna’s Stitchery. Anne named her store Mountain Honey Stitchery. Since that first meeting, I have hemmed hundreds of jeans, altered evening dresses, jackets and skirts, sewn on patches and repaired zippers. For that torn ski jacket, or broken zippers, or wedding dresses alterations, Mountain Honey Stitchery can do it all.
Go to her website www.mountainhoneystitchery.com for more details.
Guest Blogger: sewdotknits
Originally posted at http://www.tahoetruckeehome.com/
|
Fireworks and Concert at Northstar, California, New Year’s Eve Celebration!
Happy New Year!
Happy New Year Everyone! This year we went to Northstar to celebrate the New Year. It was cold, but a lot of fun. We made it just in time to catch the last half of the free concert, watch the ice skaters, get a mocha from Starbucks, and enjoy a crepe. Then we found a great spot to watch the fireworks at 9 p.m. Check out the celebration at Northstar.
Thinking about getting you own place here at Northstar at Tahoe?
Search all Northstar (Truckee), California Mountain Homes and Cabins for sale?Click here!
Search all Northstar (Truckee), California Condominium / Townhomes are for sale?Click here!
For all of your Tahoe real estate needs - Laura Allen, Broker Associate, REALTOR®, CRS, ABR®, RSPS, ePRO, Previews Property Specialist, DRE# 01473598, 530.414.1260, www.TahoeLauraLuxuryHomes.com Laura@TahoeLaura.com, Coldwell Banker Residential Brokerage, Tahoe City, California.
|
Northstar, California, New Year’s Eve Celebrations December 31, 2011
1 p.m. – 3 p.m. Northstar, California, will start to bring in the New Year with DJ music from 1 p.m. – 3 p.m. in the Northstar, Village Stage.
5 p.m. Northstar will be putting on a Ripperroo Parade for all ages (Ripperroo is the ski and snowboard mascot), beads, noise makers, singing, dancing, you get the idea, and should be a lot of fun for everyone.
7 p.m. – 9 p.m. Enjoy an evening with live music by Led Zeppelin 2: The Experience, which will begin at 7 p.m. and end at 9 p.m.
9 p.m. Fireworks at Northstar at 9 p.m.
Happy New Year!
Thinking about getting you own place here at Northstar at Tahoe?
Search all Northstar (Truckee), California Mountain Homes and Cabins for sale? Click here!
Search all Northstar (Truckee), California Condominium / Townhomes are for sale? Click here!
For more information on the Northstar, California, New Year’s Eve Celebrations December 31, 2011, click here!
For all of your Tahoe real estate needs - Laura Allen, Broker Associate, REALTOR®, CRS, ABR®, RSPS, ePRO, Previews Property Specialist, DRE# 01473598, 530.414.1260, www.TahoeLauraLuxuryHomes.comLaura@TahoeLaura.com, Coldwell Banker Residential Brokerage, Tahoe City, California
|
Tahoe Donner Torchlight Parade, Truckee, California, December 31, 2011
It’s that time of year when we’re ready to say good-bye to 2011, and welcome in 2012. Everyone has their own way of bringing in the New Year, and one local Tahoe favorite is to start the evening off by watching the annual Tahoe Donner Torchlight Parade in Truckee, California on New Year’s Eve, December 31, 2011 at 6pm.
The parade will begin at 6 p.m., but it doesn’t hurt to get there early to get a good spot to watch the skiers carrying their torches down the hill. Dress warmly as the forecast is for cold, but clear weather.
The photo in this blog is from the Squaw Valley Torchlight Parade that just happened on December 24, 2011, so you'll have an idea of how spectacular this event can be.
If you’d like to be one of the skiers in the parade there will be an open sign-up at the Base Lodge from 4:30 p.m. to 5:45 p.m. You must be 10 years of age, or older, and you must be an intermediate, or advanced skier who is comfortable skiing in the dark on a race course.
Plan on coming out and getting ready to bring in the New Year – Tahoe style at the Tahoe Donner Torchlight Parade in Truckee, California!
Thinking about having your own place here in Tahoe? It's never been a better time to buy a vacation-resort second home, or condo here in the Truckee - Tahoe City area. If you'd like to know what is for sale in the different neighborhoods, click on the links below and you can see and search what is currently available.
Tahoe Donner, Truckee, California
Northstar, Truckee, California
Squaw Valley, Olympic Valley, California
Dollar Point, Tahoe City, California
Chamberlands (Chambers Landing), Homewood, California
Meeks Bay and Rubicon Bay, California
Lake Tahoe, California Lakefronts
North Shore, Lake Tahoe, California
West Shore, Lake Tahoe, California
For all of your Tahoe real estate needs - Laura Allen, Broker Associate, REALTOR®, CRS, ABR®, RSPS, ePRO, Previews Property Specialist, DRE# 01473598, 530.414.1260, www.TahoeLauraLuxuryHomes.com Laura@TahoeLaura.com, Coldwell Banker Residential Brokerage, Tahoe City, California.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved