We're still seeing strong market activity in Truckee Tahoe. Listings are increasing as we head to the July 4th weekend. We now have over 2000 active properties. Coldwell Banker has approximately 15% of the listings. 11% of the listings are "distressed" (short sale or bank owned).
There has been a 70% increase in units sold. 36% of sold properties were distressed sales. For the year, there have been 393 properties sold priced below $500,000, 157 properties sold between $500,000 and $1,000,000 and 56 properties sold over $1,000,000.
For more details Tahoe Truckee Market Report
If you have any other questions regarding the Truckee/Tahoe market, don't hesistate to contact me. I'm always happy to help! Tamara Perlman Coldwell Banker Donner Pass 12068 Donner Pass Road, Truckee, CA 96161 530-550-1299 or tperlman@coldwellbanker.com
and for listing notifications www.TamaraPerlman.com click on myrealert to set the parameters for your searches.
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This year marks the 40th anniversary of Earth Day. Time to celebrate our favorite planet!
In Tahoe, we have the Eco Symposium at the Resort at Squaw Creek hosted by the Sierra Green Building Association Eco Symposium
SiGBA has been such an informational resource for the Truckee/Tahoe region for a number of years now. They are a group of passionate individuals working together to green the Sierra. Check out SiGBA for more info.
My friend and chemical free guru, Susi, has just sent me more links to resources to help with reducing the toxic levels our bodies are exposed to everyday. Even simple things like our laundry detergents and cosmetics can have serious impact on the environment and our health. Check some of these websites:
http://www.cosmeticsdatabase.com
http://www.nrdc.org. National Resources Defense Council
Sign up at Catalog choice to remove some of the clutter from your mailbox and save a few trees in the process! Catalog Choice
And don't forget Napa's Earth Day Celebration
If you have real estate questions for the Truckee/Tahoe or Napa markets, don't hesitate to contact me or visit www.TamaraPerlman.com for more info. You can also find me on Facebook
I look forward to hearing from you soon! Happy, happy earth day! Tamara
Tamara Perlman Coldwell Banker Donner Pass, 12068 Donner Pass Rd., Truckee, CA. Tamara represents buyers and sellers in Lake Tahoe, Truckee, and Napa CA. Please call: 530-550-1299 or email Tamara at tperlman@coldwellbanker.com for more information on either market or general real estate inquiries. Search listings at www.TamaraPerlman.com
Latest Tahoe/Truckee market summary: A few more listings this week. Approximately 13% are "distressed" sales (short sales and REO/bank foreclosures). Certainly less than other areas of California! We have almost 1100 active homes and just over 500 active lots on the market. Had a spike in closed sales last week, bringing the months of inventory down to 14.
Total Sales 2010 Vs 2009: For 2010, year to date (YTD), there have been 288 properties sold in the market as compared to 163 for the same period in 2009 which is a 77% increase in sales. Distressed sales were 39% of the sold properties.
For 2010, there have been 181 properties sold priced below $500,000, 81 properties sold between $500,000 and $1,000,000 and 26 properties sold over $1,000,000. Median and Average Sales Prices 2010 Vs 2009: The median sales price for properties sold year to date in 2010 is $405,000 while the average sale price is $511,103. For the same period in 2009, the median sales price was $465,000 and the average sales price was $584,437 which is a (13%) and (12%) decline in price respectively year over year for the same period of time.
Last Week's Sales: For the week of March 29th to April 4th, a total of 41 properties sold which is the single highest week of sales in five months. Of the properties sold last week eight (8) were sold with a price over $750,000. Coldwell Banker was involved in 20 of the 82 sales sides closed or 25% of the sales.
Within the under $500,000 price segment of the market we are often seeing multiple offers. We continue to see solid activity in the market as buyers are very interested in taking advantage of our large inventory of properties that are priced at 2003 levels. Contact me for more area specific info.
Tamara Perlman Coldwell Banker Donner Pass, 12068 Donner Pass Rd., Truckee, CA. Tamara represents buyers and sellers in Lake Tahoe, Truckee, and Napa CA. Please call: 530-550-1299 or email Tamara at tperlman@coldwellbanker.com for more information on either market or general real estate inquiries. Search listings at www.TamaraPerlman.com
They just had to do it! Conditions at the ski hill are some of the best we've seen in years! The website shows over 5' of base. We've had seasons where dirt was showing through by this time of the year. It's official, the hill will be open Friday April 16-Sunday, April 18 instead of closing this weekend. Yeah!
They will be offering free tubing with a downhill lift ticket purchase. You can visit www.SkiTahoeDonner.com for more details.
And don't miss the Downhill Dummy and Boxing Match on Sunday, April 11. There will be a DJ, food, tubing, bounce house, rail jam and more. Start time 10am and the Rail Jam starts at 1pm. Don't miss out on the fun. Again, check www.SkiTahoeDonner.com for more info. Enjoy!
Tamara Perlman Coldwell Banker Donner Pass, 12068 Donner Pass Rd., Truckee, CA. Tamara represents buyers and sellers in Lake Tahoe, Truckee, and Napa CA. Please call: 530-550-1299 or email Tamara at tperlman@coldwellbanker.com for more information on either market or general real estate inquiries. Search listings at www.TamaraPerlman.com
I opened my latest California Association of Realtors newsletter and what did I see??? Four encouraging stories looking back at me!
•1) 4% decline in listing price reductions
•2) 64%--Entry level affordability
•3) 10% decrease in foreclosures in January
•4) Almost 14% increase in existing home sales in 4th Quarter
My first reaction was to think "we've hit bottom" and we're moving beyond! I've seen multiple offers on entry level homes in the Napa market and over asking price bids. Shades of the past.
For the past few months, entry level REO and short sales have also seen a lot of activity in the Truckee/Tahoe market. Have we hit bottom in CA? My crystal ball is a little foggy these days, so I never know what's coming next, but these stories are pretty encouraging! I invite you to check out what's happening in either market on my website, or better yet, contact me for a more detailed summary.
Tamara Perlman Coldwell Banker Northern Marin, CA. Tamara represents buyers and sellers in Lake Tahoe, Truckee, and Napa CA. Please call: 530-550-1299 or email Tamara at tperlman@coldwellbanker.com for more information on either market or general real estate inquiries. Search listings at www.TamaraPerlman.com
To be updated soon!
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