North Lake Tahoe Truckee December 2011 Market Stats

Buyers wrapped up 2011 with a total of 118 residences sold in our mls during the month of December, up 16% over sales last December. Maybe the lack of snow actually helped the market. Distressed sales accounted for 38% of the sales – interestingly enough, this time last year the figure was 36%.  The other noteworthy stat shows that the Lake Tahoe side seems to have enjoyed quite a sell off this past month.  For the first time in a long time, more homes sold on the Westshore than in Tahoe Donner.

Statistics from the Tahoe MLS:  solds f rom December 1-31, 2011

Tahoe Donner:  12 homes (3 SS), 4 condos (1 REO, 1 SS)

Northstar:  2 homes, 3 condos

Glenshire, Cambridge, Juniper Hill, Juniper Creek,

The Meadows: 9 homes (1 REO, 5 SS)

Olympic Hts: 1 home

Prosser Area:  7 homes (3 SS, 1 REO), 1 condo (SS)

Sierra Meadows, Ponderosa Palisades: 5 homes (1 SS, 3 REO), 2 Condos (1 REO)

Wintercreek:  1 homes (REO)

Pine Cond Estates:  1 home

Ponderosa Fairway:  2 homes (1 SS)

Schaeffers Mill:  1 home

Lahontan:  2 homes

Martis Camp:  1 home

Old Greenwood & Grays:  0 residential properties

Truckee Proper:  3 homes (3 SS)

Donner Lake:  6 homes (2 SS, 1 REO)

Donner Summit:  3 homes (1 SS)

Westshore Lake Tahoe:  16 homes (1 REO, 2 SS), 1 condo (REO)

Tahoe City:  2 homes (1 SS), 1 condo

Northshore:  7 homes (1 REO, 1 SS)

Kings Beach & Tahoe Vista:  5 homes (2 REO, 1 SS), 5 condos

Squaw Valley and Alpine Meadows:  10 condos (4 SS)

Shared Ownerships (entire area):  4 (1 REO)

Mobile Homes (entire area):  1

Sierra and Plumas Counties:  2 homes

Condos and Homes in Truckee-North Lake Tahoe over 1M = 7

Highest Priced home or condo sold:  Located lakefront at Lake Tahoe, 5850 North Lake Blvd sold after 382 days on the market for $3,150,000.  This 4 bedroom 3 bath home was originally priced at $4,900,000.  Somebody got a good deal with all CASH.

Lowest Price home or condo sold:  Tiny little house, with a tiny little price tag: 200 Nevada St. in Portola, CA sold after 365 days for $25,000.

The list to sale ratio on the median was 96%.  In other words homes sold within 96% of their asking price.  The average days on the market were 165.

The Internet — and a Funeral For a Friend.

This weekend I had the opportunity to participate in the funeral of a friend. This was not a normal funeral nor was it a normal friend. Let me explain.

About 4 years ago I became involved in social media through Twitter. On Twitter one of the first persons I met was a blustery, humorous and seemingly likable guy named Clint Miller. His hashtag was @theRealClint. In February of 2011, Clint became aware that he had contracted testicular cancer and he was determined to fight the disease. In support of him, a lot of his friends in social media (980 to be exact) joined him on his Facebook page. There I got to know all about testicular cancer and how devastating it is if it goes undetected, for sure enough Clint had found out too late about his situation and the big “C” had spread to his brain.

Over the course of the year, through the magic of Facebook, we were able to follow his trials, tribulations and even his victories (small as they were). His sense of humor buoyed all of us up even in the face of the inevitable.

This past Saturday (December 17, 2011), I attended Clint’s funeral — streamed online from the Lutheran Church in Lolo, MT. How sad to see his small son speaking from the pulpit about how his Daddy had left him a talking book, so he would always remember his voice. But also, how wonderful that the internet was able to provide all of us (his friends from as far away as Ireland) in his support group the opportunity for such a cathartic event. We all needed it. We will miss Clint profoundly.

RIP Clint Miller — Thanks for your friendship.

Market Update – November Statistics 2011

November wraps up with 101 residential sales of homes and condominiums.  The number of sales have moved downwards over the past couple of months with the ratio of distressed properties climbing back up to 30%. Not unusual to see our sales slip downwards this time of year which consequently brings the ratio of distressed sales back up. The distressed properties are still there, and we are happy to move them on out of our market!  Again this month Squaw Valley & Alpine Meadow sales are up, one can only surmise that the Resort merger has had an effect on sales there.  The number of sales certainly fluctuates from area to area, but the one constant is Tahoe Donner as the leader of the pack.

Statistics from the Tahoe MLS: the solds from November 1 – 30, 2011:

Tahoe Donner:  20 homes (1 SS) (2 REO), 3 condos (1 REO)

Northstar:  2 homes (1REO), 6 condos (2 REO)

Glenshire,
Cambridge, Juniper Hill, Juniper Creek, The Meadows:  10 homes (4 SS) (2 REO)

Olympic Heights:  0 residential properties

Prosser Lake Area:  2 homes (1 REO)

Sierra Meadows:  2 homes (1 SS), 0 condo

Martiswoods,Ponderosa Ranchos:  0 residential properties

Winter Creek:   0 residential

Lahontan:  0 residential

Martis Camp:  0 residential properties

Old Greenwood:  0 residential properties

Gray’s Crossing:  0 residential properties

Truckee Proper:   3 homes (1 SS) (1 REO), 1 condo

Donner Lake:    1 home, 0 condos

Donner Summit: 4 homes (2 SS), 0 condos

West shore Lake Tahoe:  16 homes (4 SS) (1REO), 1 condo

Tahoe City:  2 homes (1 SS), 1 condo

North shore Lake Tahoe:  2 homes (1 SS), 0 condos

Kings Beach & Tahoe Vista:   6 homes, 0 condos

Alpine & Squaw Valley:  5 homes, 9 condos (2SS) (1REO)

Shared Ownerships – entire region:  3

Mobile Homes – entire region:  1

Sierra & Plumas Counties: 2 homes (1 REO)

Condos and Homes
sold over $1M in Truckee and North Lake Tahoe: 8

Highest priced home or condo sold:
Squaw Valley brings in the highest sale for November. This beautiful home
located at 116 Hidden Lake Loop sold for $2,800,000 and at that price they were
willing to throw in the furnishings as well. 5764 sf with 4 bedrooms and 6
bathrooms. True to sierra style, this home is drenched in custom woods, stone work
and all of the skilled craftsmanship that you would expect.

Lowest priced home or condo sold:
This sweet little condo at 12804 Northwoods Blvd. is located on the Tahoe
Donner golf course and walking distance to Trout Creek recreation center. It is
a studio unit with only 454 sf but remodeled, clean and a super location with
garage for only $129,000. Cozy!

The list to sell ratio on the median was 98%.  In other words, the homes sold within 98% of the list price!  The median list price for this period was $429,000 and the median sale price was $421,500. Using the median price tends to take the extreme highs and lows out of the picture as it is based on the sale of the house in the middle of the pack. The average days on the market were 92.

Congratulations to the Ritz Carlton, Lake Tahoe!

The Ritz-Carlton, Lake Tahoe
receives the AAA Five Diamond award.  This
prestigious designation was awarded by the annual Conde Nast Traveler “Best in
the World” readers’ poll.  The
publication ranks the best hotels and resorts worldwide and has landed Lake
Tahoe’s Ritz in the top 10 of mainland resorts. What an honor not just for the
The Ritz Carlton organization and all of the local staff but all of us in the
area as this is the first ever award of this status given in our area.

To learn about The Ritz-Carlton,
Lake Tahoe please visit www.ritzcarlton.com/laketahoe

Donner Lake Turkey Trot Cancelled!! November 13th 2011

In its 34th year, advertised as running no matter what — rain or shine, the Auburn Ski Club was forced to cancel the Donner Lake Turkey Trot scheduled for Sunday, November 13, 2012.

Citing the concern over the slipperiness of the road, the Truckee Police Department put the kibosh on the race on Thursday afternoon.  Sorry everyone — a lot of disappointed runners out there.

I’m going to try to make it around the lake tomorrow without slipping — by myself — not in a race — if you would like to join me, be there at 10:30 am.

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