Truckee, North Lake Tahoe Sales Stats for Month of February 2009

So, looks like this month was a little brighter than January was.  Still not what Sellers would like, for sure but some things are moving.  The higher end homes located in Lahontan, Old Greenwood and Northstar posted a few sales after several months of nothing.  Somebody still has money to pick up the bargains.  Lake Tahoe seems to have taken a back seat to Truckee this month.

 

As promised, I am inserting a new piece of information here, compliments of our MLS.  We now have a substatus that will attempt to identify the sales that are REO (bank owned) properties and Short Sales.  I am still not confident that this is completely accurate as it depends upon the agent updating the status and they are only required to do so when they update another field in the MLS.  Couple more months and I think it will be safe to hang your hat on it (of course-garbage in, garbage out, remember).

 

So here it is:  According to the Tahoe MLS for the time covering the residential solds from February 1, 2009 to February 28, 2009 are as follows:

 

Tahoe Donner:  12 homes (3 short sales), 4 condos (2 REO)

Northstar:  1 home, 1 condo (REO)

Glenshire, Cambridge, Juniper Hill, Juniper Creek, The Meadows:  2 homes (REOs)

Sierra Meadows, Ponderosa Palisades, Martiswoods, Ponderosa Ranchos, Olympic Heights, Ponderosa Fairway:  3 homes

Lahontan:  2 homes

Old Greenwood:  2 homes (1 short sale)

Gray’s Crossing:  no residential sales

Truckee proper:  1 home, 2 condos

Adjacent to Tahoe Donner:  no residential sales

Donner Lake:  no residential sales

Donner Summit:  1 home

Westshore Lake Tahoe:  2 homes

Tahoe City:  no residential sales

Northshore Lake Tahoe:  2 homes

Kingsbeach and Tahoe Vista:  3 homes (1 short sale), 1 condo

Olympic Valley & Alpine Meadows:  2 homes

Sierra Valley:  2 homes (1 REO)

Verdi (CA), Floriston & Hirschdale:  no residential sales

 

Condos and homes over $1M in Truckee, North Lake Tahoe:  6

 

Highest Published home or condo sale:  $2,000,000.  13043 Lookout Loop, Old Greenwood, originally priced at $2,945,000

 

Lowest priced home or condo sold:  $100,000.  Studio condo in Tahoe Donner