<!--[endif]-->The Market
Monitor
November 1, 2008
Re:
Dear Client;
Market Overview
The market experienced a slow down the last 2 weeks of October. There were 2 sales in Old Greenwood, which has been very slow so far this year. Tahoe Donner saw 4 home sales in the $1,400,000 range. All in all sales off but definitely interest in our market.
The lot market was still very slow.
Tahoe Donner
There were 12 home sales with 4 sales over $1 million. There were 3 lot sales.
Lahontan
There were no home sales.
Old Greenwood/Grays
Crossing
There were 2 home sales in Old Greenwood, no sales in Grays Crossing.
Northstar
There was one home sale, asking price $3,125,000.
Glenshire/Sierra Meadows/Prosser/Donner
There were 12 home sales concentrated in the lower end of the market.
There were 3 home sales in Alpine Meadows and one condo sale 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,
The
Keller Williams Boice Realty
530-550-5175
The Market Monitor
October 2, 2008
Re: Truckee Area Real Estate Market
Dear Client;
Market Overview
How is the market? We get that question wherever we go.
Well, the facts are that in some areas, notably Tahoe Donner and Lahontan, the market is better than a year ago. Inventory has not gotten out of control and that is the most important gauge of the market. Areas in the country that have problems it is because inventory is through the roof. They simply built too many homes there. That is hard to do here do to scarcity of land and approvals.
We actually are seeing multiple offers and back up offers on properties that are priced to or below the market.
Last week, and into this week with the Bailout proposal and markets totally scared, we are seeing offers. Are there people sitting on their hands, you bet? The point is that the market is not stopped.
The segment of the market that is totally upside down is land. There are great deals with prices off 50% and more from the peak. There were only 2 lot sales in the area, both in Grays Crossing, asking price of $160,000 and $150,000
It is a great time to be a buyer.
Tahoe Donner
This area is in high demand. The number of single family home sales is 23% greater than 2007. Dollar volume is up 16%, average sales price is up 6%. The number of homes sold over $1 million is up 142%. Land is another story.
Lahontan
There were no home sales in September however the market is way ahead of last year. There are 11 closed homes so far this year versus 6 at this time last year.
Old Greenwood/Grays Crossing
No home sales in September. These areas have excess inventory and prices have been reduced dramatically.
Northstar
There were 6 residential sales in September. Sales have really been off year to date and then a fury last month
Glenshire/Sierra Meadows/Prosser/Donner Lake
This market is very price sensitive. There were 18 sales, a little off from seasonal norms, however only 4 above $700,000 and none over $1 million.
Squaw Valley / Alpine Meadows
There were 2 home sales in Squaw and no sales in Alpine.
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,
The Davis ♦ Yoder Realty Group
Keller Williams Boice Realty
530-582-3313
The Market
Monitor
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
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,
The Davis ♦ Yoder Realty Group
Keller Williams Boice Realty
530-582-3313
The Market Monitor
April 3, 2008
Re: Truckee Area Real Estate Market
Dear Client;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,
The Davis ♦ Yoder Realty Group
Keller Williams Boice Realty
530-582-3313
The Davis Yoder Group is a dedicated team of professionals who have combined their talents to be one of the top real estate teams in the country.
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
© 2009 ActiveRain Corp. All Rights Reserved
