Truckee, CA

Truckee Home Sales Market Update 2011

Downtown Truckee photo taken by Leigh Storz

Looking at the number of homes sold in 2011, there is an activity increase of 15% over the previous years. This is largely due to an increase in both foreclosure and short sale activities. We have a 21% increase in foreclosure home sales and 31% increase in short sales.

The average days on market remained virtually unchanged while the 2011 average sales price decrease 8.5% from 2010.

Homebuyers are taking advantage of the lower home prices combining with the low interest rate to purchase either their primary homes or the vacation homes that they have been dreaming about.

Contact Ann Nguyen for the latest list of home listings in the Truckee Lake Tahoe area.

Originally posted at http://www.TahoeTruckeeHome.com

TRUCKEE REAL ESTATE AND THE WEATHER IN TRUCKEE, CA....that seems to be all that the locals are talking about. It makes sense when you think about it. Truckee is a resort town so the bulk of our commerce comes from second homeowners and the ski industry. How long has it been since we have had a really really good storm? It seems to me it was back in October, 2011 when we got a huge dump of snow and all started bracing ourselves for what we thought would be a repeat of the winter of 2010-2011.

Today I look out of my window at the office and it looks like Spring. We all know March and April could be turn around months for us, but as far as the local economy, the season is lost. But, we could certainly use any sort of precipitation so believe me, rain or snow is much better than shine!! By the way, I always check with the Northstar Weather Blog to see what the upcoming forecast looks like.

And what about the Truckee real estate? Our inventory is so low it is difficult to give a buyer a lot of choices. The short sales and the bank owned properties are discouraging any standard sale from coming on the market unless a seller really needs to move on. For a second homeowner seller, that urgency might not be there. So if he or she can wait, of course that is what they will do. Surprisingly, the market is definitely picking up. I had multiple offers last week on a listing and received over list because it seemed over the President's Weekend a lot of buyers who weren't skiing decided with such fantastic prices they better get into the game and find a house. But for the one buyer that got the deal, there is another buyer who didn't and is looking with not much to choose from. So to any potential sellers out there in the Truckee real estate area, give me a call! We need more listings!!

Lake Tahoe Truckee Market Report January 2012

Comparing real estate sales in January 2012 to January 2011, there are some good news even though the prices still trend lower.

You can see that many more homes in Tahoe Donner were sold in January 2012 than in 2011. Tahoe Donner remains an attractive market for the search of a mountain home. Overall more single family were sold in January of this year than last year. The same cannot be said for condos & townhomes, we have a 35% decrease in number of units sold.

The median price for single family has come down across the board but condo/townhome prices in Truckee actually had a 34% increase.

There have been an increase in activities since the first of the year. Good inventory coupled with the favorable low interest rate present a great opportunity for buyers in pursuit of their dream mountain homes.

If you want more information on Lake Tahoe Truckee market, you can email me or pick up the phone and I will be happy to discuss our local market condition with you.

Originally posted at www.TahoeTruckeeHome.com

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.

Mountain Honey Stitchery

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.

Selection of Fabrics

Many tuxedos to choose from

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/

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

Truckee, California

Northstar, Truckee, California

Squaw Valley, Olympic Valley, California

Alpine Meadows, California

Tahoe City, California

Dollar Point, Tahoe City, California

Carnelian Bay, California

Agate Bay, California

Homewood, California

Chamberlands (Chambers Landing), Homewood, California

Tahoma, California

Meeks Bay and Rubicon Bay, California

Tahoe Vista, California

Kings Beach, 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.