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.
Truckee N. Lake Tahoe Price Changes 2006-2011
January 5, 2012
We are having too much fun with this graph business. Have figured out how to use it in Excel. Still crazy after all these years . . .
Seriously though. Look and see what the market has done since 2006 in our area. For buyers who are sitting on the fence — how could NOW not be a good time?
Truckee – North Lake Tahoe 2011 Sales Graphs
January 3, 2012
Here are a couple of telltale graphs that we put together today. They show basically what we all knew — the market has definitely picked up with a dramatic increase in units sold over the past 2 years. Check it out.
North Lake Tahoe Truckee December 2011 Market Stats
December 31, 2011
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.
Market Update – November Statistics 2011
December 2, 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.
