Truckee North Lake Tahoe August 2009 Stats

Whoa, another month has flown by. I can’t believe summer is almost over. BooHoo. The skiers are happy though, with all of the discount ski passes. It will definitely be a good year for Ski Leases. The following are stats for the month of August 2009. Sales increased with 84 condos and homes selling compared to last month’s 82. Tahoe Donner still leads the market with 20 properties trading hands. Of course there are a lot of properties in that subdivision. The dark horse and always a surprise to me is the Westshore at Lake Tahoe. These communities apparently have quite a loyal following as they usually post quite a few sales for the amount of inventory they have. An interesting observation this month is the ratio of REO sales to short sales. It looks like foreclosures are up in the area. Maybe the banks are tired of dealing with their short sale departments, or maybe it is just an anomaly. It will be interesting to observe the trend next month. Here are the statistics from the Tahoe MLS. The solds from August 1 – 31, 2009:

Tahoe Donner: 17 homes, (1 REO, 1 short sale), 3 condos (1 short sale)

Northstar: 2 homes, 9 condos

Glenshire, Cambridge, Juniper Hill, Juniper Creek, The Meadows: 7 homes (3 REO, 1 short sale)

Prosser Lake Area: 1 home in Russell Valley (REO)

Sierra Meadows, Ponderosa Palisades, Winter Creek: 2 homes (1 REO, 1 short sale)

Martiswoods, Ponderosa Ranchos: 0 residential properties

Olympic Heights: 0 residential properties

Lahontan: 0 residential properties

Martis Camp: 0 residential properties

Old Greenwood: 1 home (REO)

Gray’s Crossing: 1 home (REO)

Truckee Proper: 1 home, 2 condos (1 short sale)

Adjacent to Tahoe Donner: 0 residential properties

Donner Lake: 2 homes

Donner Summit: 1 home

West shore Lake Tahoe: 9 homes (2 REO, 1 short sale), 1 condo

Tahoe City: 2 homes

North shore Lake Tahoe: 3 homes, 2 condos

Kings Beach & Tahoe Vista: 5 homes

Alpine & Squaw Valley: 4 homes, 3 condos (1 REO)

Shared Ownerships – entire region: 1 $28K in Old Greenwood

Mobile Homes – entire region: 2 sales (both in Coachland in Truckee)

Condos and Homes sold over $1M in Truckee and North Lake Tahoe: 8

Highest priced home or condo sold: $6,000,000 Beautiful Lakefront home located in Cedar Flat at 4170 Ferguson Ave. The original home of the Thunderbird. This 5140 square foot home was originally listed for $7,953,000 and on the market for 229 days before the winning offer of all cash came in.

Lowest priced home or condo sold: $250,000 for a little 2 bedroom, 1.5 bath condo located in the Lake Forest Glen complex. 990 square feet and after 22 days on the market – priced right, I guess.

The list to sell ration on the median was 87% . In other words, the homes sold within 87% of the list price.