Tahoe/Truckee Real Estate 2010 1st Quarter Stats

The following charts show some of the first quarter stats for 2010 for the real estate market in Tahoe and Truckee.

The first chart compares some of the sold numbers for the first quarter in 2009 compared to 2010. The first graph shows sales volume for single family homes & condos, the second graph shows median & average price and the third graph shows units sold. For single family homes, there was a 22% increase in the sales volume. Condos saw a 174% increase. The median and average price for homes sold both decreased by 29% in 2010 compared to 2009. Units sold for single family homes increased by 50% for homes under $1 mil. and increased by 71% for homes over $1 mil. It’s nice to see these positive numbers!

The second charts break down the numbers by price banding  and area. The areas included are Incline Village, East Shore Lake Tahoe, Truckee, Tahoe City, South Lake Tahoe, Reno, Sparks, and Carson Valley. In most areas, the majority of home sales was in the lower price range.

Click on the images below for enlarged versions of the graphs.

Lake Tahoe & Truckee March Real Estate Sales Stats

57 single family homes sold during the month of March 2010! The majority of the home sales was in Tahoe Donner with 17 homes selling. The price range that saw the most activity was $300K-$699K. 17 homes sold in the $300K-$499K range, and 16 sold in the $500K-$699K range. 8 homes sold for $299K or less. 10 homes sold for over $1 million which is quite a bit for the upper end market. 26 condos sold last month.

This information was taken from our local multiple listing service and is for the dates of March 1-31, 2010. Click on the image below for an enlarged version of the chart.

March Tahoe Donner Update

16 homes sold in Tahoe Donner during the month of March. This makes a total of 37 Tahoe Donner homes that have sold in 2010. The least expensive home sold for $339,950 and the most expensive home sold for $1,225,000. The average home sale price was $602,084 and the median was $$566,000. The sold homes were on the market for an average of 115 days. The majority of home sales was in the $300K-$700K price range. 5 homes were short sales and one was a bank owned property. There are currently 75 single family homes listed in Tahoe Donner. 11 of these are short sales. 32 homes are in escrow. This puts the absorption rate at 43% and there is just over 2 months supply of inventory remaining in Tahoe Donner. Click on the link for current homes for sale in Tahoe Donner.