Truckee-North Lake Tahoe Stats February 2012
March 3, 2012
Sales of Single Family Residences continued to pick up in February 2012 with a total of 69 residential properties in the North Lake Tahoe – Truckee Area. The distressed market played a big part in this number as 30 of the sales were either Short or REO (43%). The biggest problem with sales this past month was the lack of inventory . For our clients who are looking, there was nothing new to show them. Tahoe Donner and the Westshore of Lake Tahoe again are the leaders in sales this month. For the month of February, the median price of homes in our mls is $358,000 (average $616,660).
Statistics from the Tahoe MLS: solds f rom February 1 – 29, 2012
Tahoe Donner: 14 homes (1 SS, 1 REO), 4 condos (1 REO, 1 SS)
Northstar: 2 homes, 6 condos (1 SS, 2 REO)
Glenshire, Cambridge, Juniper Hill, Juniper Creek: 7 homes (2 SS, 4 REO)
Prosser Area: 2 homes (2 REO)
Sierra Meadows, Ponderosa Palisades: 3 homes (1 SS)
Lahontan: 2 homes
Martis Camp: 1 home
Old Greenwood & Grays: 0 residential properties
Truckee Proper: ) residential properties
Donner Lake: 2 homes (2 SS)
Donner Summit: 2 homes
Westshore Lake Tahoe: 8 homes (3 REO, 1 SS)
Tahoe City: 1 home (1 REO)
Northshore: 2 homes
Kings Beach & Tahoe Vista: 7 homes (4 REO, 1 SS)
Squaw Valley and Alpine Meadows: 2 homes, 1 condo
Shared Ownerships (entire area): 2
Mobile Homes (entire area): 2 ( REO)
Sierra and Plumas Counties: 3 homes (1 SS, 2REO)
Condos and Homes in Truckee-North Lake Tahoe over 1M = 9
Highest Priced home or condo sold: Located lakefront at Lake Tahoe, 5526 North Lake Blvd sold after only 167 days on the market for $8,600,000. This 6 bedroom 36.5 bath home was originally priced at $10,500,000. All Cash again. Seller was really serious – he gave an 18% discount for the convenience.
Lowest Price home or condo sold:
Who says you can’t find a home in the Sierras for under $100K? A little 2 bedroom, 2 bath bank owned home located in Loyalton, CA at 357 Wrangler Drive closed at $61,500 after 112 days on the market. If you were looking closer in to the Truckee-Tahoe area, you could have picked up a little 1 bed, 1 bath condo on Snowpeak in Tahoe Donner for a mere $119,000.
10841 Cinnabar Way – Truckee, CA.
February 25, 2012
Exceptional Boulders condo with nice upgraded slate flooring throughout & pine wainscoting that adds a warm glow. Great sunny end unit overlooking landscaped common area. Lower, single level unit with direct garage entry makes this condo handicapped accessible. Bright open floorplan with stainless kitchen appliances. The Boulders complex is centrally located with easy access to area ski resorts & the many local attractions including Lake Tahoe, Historic downtown Truckee, shopping & dining, many lakes, rivers & trails. Quick access to Interstate 80 and a short drive to the Reno Airport. This condo is a must see!
January 2012 Sales Statistics
February 1, 2012
The month of January comes in at almost half of the number of sales as the previous
month with January sales at 60 as compared to December’s 118. It seems that
home shoppers wanted to complete their purchases by the end of 2011 and are now
taking a little nap. Also interestingly the ratio of distressed sales jumped up
significantly during the month of January to 46.5% as compared to 38% for the
previous month. The market is hard to read, just when it seems it is getting
stronger we have another slow month. Hold on folks, this roller coaster ride is
not yet over!
Statistics
from the Tahoe MLS: the solds from January 1 – 31, 2012:
Tahoe Donner: 18 homes (2 SS) (4 REO), 1 condo
Northstar: 1 home (1REO), 3 condos (1SS)
Glenshire, Cambridge, Juniper Hill, Juniper Creek, The Meadows: 5 homes (3 SS) (1 Truseee)
Olympic Heights: 1 home (1 REO)
Prosser Lake Area: 2 homes (1 REO)
Sierra Meadows: 2 homes (1 SS), 1 condo
Martiswoods, Ponderosa Ranchos: 0 residential properties
Coyote Run: 1 home
Pinyon Creek: 1 condo
Lahontan: 0 residential properties
Martis Camp: 0 residential properties
Old Greenwood: 0 residential properties
Gray’s Crossing: 1 home (1 SS)
Truckee Proper: 1 home
Donner Lake: 0 residential properties
Donner Summit: 1 home (1 REO)
West shore Lake Tahoe: 6 homes (1 SS) (2 REO)
Tahoe City: 1 home, 2 condos
North shore Lake Tahoe: 3 homes (1 SS), 1 condo (1 SS)
Kings Beach & Tahoe Vista: 1 home (1 SS), 3 condos (2 SS) (1 REO)
Alpine & Squaw Valley: 1 home (1 SS)
Shared Ownerships – entire region: 1
Mobile Homes – entire region: 0
Sierra & Plumas Counties: 1 home
Condos and Homes sold over $1M in Truckee and North Lake Tahoe: 2
Highest
priced home or condo sold: This
condominium at 9001 Northstar Dr. has a prime location within the Village at
Northstar. The 3 bedroom penthouse looks directly over the Village Gondola and
straight up the mountain. Location, location, location. After 223 days on the
market this condo sold for $1,200,000
Lowest
priced home or condo sold: Kings Beach studio
condo located in the Kings Run complex at 1300 Regency Way. This compact little
jewel of 432 sq. ft. was bank owned and sold for just $57,000 after only 73
days on the market.
The list to sell ratio on the median was 96%.
In other words, the homes sold within 96% of the list price! The median list price for this period was $349,500
and the median sale price was $335,737. 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 162.
Park, Ride & Ski
January 28, 2012
Those who have experienced peak-season traffic jams while trying to navigate certain stretches of Truckee and North Tahoe roadways en route to or from a day on the slopes have a new transportation option to consider. The Truckee-Tahoe Ski Shuttle which will provide service on President’s Day weekend, February 18-20.
The Truckee-Tahoe Free Ski Shuttle will take skiers from Truckee to Northstar California or Squaw Valley and back again at the end of the day. Two park ‘n ride lots will be offered – one at Truckee High School and one at the Truckee Tahoe Airport.
The free shuttle offers ssavings on gas and provides an eco-friendly mode of travel. By riding the shuttle, users will be helping to put fewer cars on the road, enabling a faster ride to the mountain for everyone.
Added Bonuses of the Shuttle:
- Be dropped off right at the village, eliminating any long walks
- Let a professional driver worry about road conditions and traffic, so you are free to vist, surf the web or text.
- Meet new skier and rider friends.
- Receive a “goodie bag” stuffed with savings redeemable at local businesses.
The Truckee-Tahoe Free Ski Shuttle is a collaborative program provided by several local entities. Visit their facebook page for updated information on the shuttle service http://www.facebook.com/FreeSkiShuttle
Opportunity Abounds
January 20, 2012
46 acres with views overlooking Boca Reservoir, Donner Summit & the Carson Ridge. Mostly usable, varied terrain with several choices for your building site. Well is in and mantle tested. Some property markers. So many possibilities for the one of a kind property!
