December 2009 Truckee California Market Update

DY_logo

The Market Monitor

December 4, 2009

Re: Truckee Area Real Estate Market

Dear Client;

Market Overview

Holy mackerel Batman can you say hot chili. This market just continues to roll. This could be the biggest November since we started keeping monthly market stats in 1992. Multiple offers, all price ranges, lots of cash deals and in multiple areas. The buyer snowball is rolling and the great deals are disappearing.

Tahoe Donner

There were 44 home sales holy wow! No lot sales, sellers are still keeping their asking prices up.

Lahontan/Martis Camp/Timilick

There were two home sales in Lahontan and 2 in Timilick. There was 1 lot sale in Lahontan, 2 in Martis and 1 in Timilick

Old Greenwood/Grays Crossing

There was one home sale in Grays and several fractional sales in Old Greenwood under $80,000 sales price. There were 5 lot sales in Grays and 1 in Old Greenwood,

Northstar

There were 5 home sales.

Glenshire/Sierra Meadows/Prosser/Donner Lake

There were 44 residential sales with a median price of $370,000. Affordability is back with great prices and great interest rates. Short sales accounted for 50% of the sales in this area.

Squaw Valley / Alpine Meadows

There were 8 condo sales in Squaw and 4 home sales in Alpine Meadows.

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 and referrals.

Sincerely,