April 2009 Truckee North Lake Tahoe Sales Stats

 

Here are the stats for the month of April 2009.  Things are looking a little puny overall but Tahoe Donner seems to be carrying the market forward while the Luxury areas like Old Greenwood, Gray’s Crossing and Northstar are lagging.  The million plus market is down from 9 last month to only 4 this month.  Typically, April is a slow month up here in the mountains as it is the transition time weather wise.  Expect the market to pick up in May and continue to build until October.  The full time market is still very slow, reflecting my belief that those who would normally be thinking of purchasing a principal residence are hesitant for 2 reasons.  They think that things will get less expensive and/or they are still worried about their job status.   Here are the numbers from our Tahoe Sierra Multiple Listing Service.  Again, unless noted, the properties were sold as standard sales, not short sales or REO’s (bank owned properties).

 

Tahoe Donner:  16 homes, (1 REO, 3 short), 3 condos

Northstar:  0 homes, 2 condos

Glenshire, Cambridge, Juniper Hill, Juniper Creek, The Meadows: 2 homes

Prosser Lake Area:  2 homes (1 REO, 2 short)

Sierra Meadows, Ponderosa Palisades, Martiswoods, Ponderosa Ranchos:  0 homes

Lahontan:  1 home

Old Greenwood: 0 residential properties

Gray’s Crossing:  0 residential properties

Truckee Proper:  1 home (short), 1 condo

Adjacent to Tahoe Donner:  0 residential properties

Donner Lake:  0 residential properties

Donner Summit:  1 home (short)

West shore Lake Tahoe:  3 homes, 2 condos

Tahoe City:  2 homes (1 trustee sale)

North shore Lake Tahoe:  1 home

Kings Beach & Tahoe Vista:  2 condos

Alpine & Squaw Valley:  0 residential properties

 

Condos and Homes sold over $1M in Truckee and North Lake Tahoe:  4

 

Highest priced home or condo sold:  $6,288,000 (originally listed for $8,500,000) after 646 days on the market, 7 bedroom, 4 bath, 1.4 acre lakefront on the West shore of Lake Tahoe with owner financing.

 

Lowest priced home or condo sold:  $150,000 for a little 2 bedroom home in Floriston (just east of the Glenshire subdivision), originally priced at $200,000 with cash.

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