Tahoe Truckee Real Estate Sales Stats
April 6, 2009
The following chart shows the sales stats for the Lake Tahoe and Truckee area for March 2009. The chart breaks down the sold properties by area and by price range.
The most activity was in the $300K - $499K range (13 single family homes sold). 11 homes sold in the $500K - $699K range. There were 9 homes over $1 million that sold in March 2009. A total of 41 single family homes and 10 condos sold during the month of March.
This information was taken from our local multiple listing service and is for the dates of March 1-31, 2009. Click on the image below for an enlarged version of the chart.
Tahoe Truckee Monthly Sales Stats
March 11, 2009
The following chart shows the sales stats for the Lake Tahoe and Truckee area for February 2009. The chart breaks down the sold properties by area and by price range.
The most activity was in the $300K - $900K price range, especially in the $500K - $700K range. 7 homes over $1 million sold during the month of February. A total of 7 homes sold in the $299k & under price range which has been unusual for the area in the past. There were a total of 38 single family homes and 8 condos that sold in the month of February.
This information was taken from our local multiple listing service and is for the dates of February 1-28, 2009. Click on the image below for an enlarged version of the chart.
Mortgage Rates Hits New Low
February 23, 2009
Low mortgage rates may be encouraging buyers to step up to purchase. Two high end areas in Truckee, Lahontan and Old Greenwood have recently had new activity. Lahontan had two sales last week with average price of $1.7M and Old Greenwood had one sale at $2.0M. There are currently three properties in escrow in Old Greenwood. This is good news as the properties over a million dollars are showing activity.
Realtor.com news shows mortage rate at new low. This was posted on realtor.com on February 20, 2009.
30-Year Rates Drop to Near 5%
Mortgage rates across the board fell this week, a welcoming sign to potential buyers and home owners looking to refinance.
The 30-year fixed-rate mortgage averaged 5.04 percent this week, a drop from last week’s 5.16 percent. Last year at this time, the 30-year rate averaged 6.04 percent, Freddie Mac reports.
Freddie Mac reported the following for other rates for the week:
- 15-year mortgage rates: averaged 4.68 percent, down from last week’s 4.81 percent. Last year at this time: 5.64 percent.
- 5-year hybrid adjustable-rate mortgages: averaged 5.04 percent this week, a drop from last week’s 5.23 percent. Last year at this time: 5.37 percent
- 1-year ARMs: averaged 4.8 percent, down from last week’s 4.94 percent. Last year at this time: 4.98 percent
“Mortgage rates followed bond yields lower this week as recent economic reports suggest the economy is still slowing, which reduces the future threat of inflation,” says Frank Nothaft, Freddie Mac’s chief economist.
Lake Tahoe/Truckee Sales Stats for January 2009
February 18, 2009
This chart shows the sales stats for the Lake Tahoe and Truckee area for January 2009. The chart breaks down the sold properties by area and by price range. The most activity is in the $900k and under price range. But there was 1 property that sold for over $1 million (Northstar) and 2 properties that sold for over $2 million in the month of January (1 in Lahontan and 1 in the Northshore of Lake Tahoe). A total of 8 homes sold in the $299k & under price range which has been unusual for the area in the past. There were a total of 28 single family homes and 3 condos that sold in the month of January.
This information was taken from our local multiple listing service and is for the dates of January 1-31, 2009. Click on the image below for an enlarged version of the chart.
Lake Tahoe & Truckee 2008 Year End Sales Statistics
January 22, 2009
The following chart shows sales stats for the Tahoe Truckee area for the year 2008. It shows the number of single family home sales & number of condo sales in each area. Also, the lowest home & highest home price for single family homes sold in each area as well as the median and average price. The information was taken from our local multiple listing service and is for the dates January 1, 2008 - December 31, 2008.
| AREA | # Homes Sold | # Condos Sold | Low SFR Price | High SFR Price | Avg. | Median | Avg. days listed |
| Tahoe Donner | 193 | 19 | $249,000 | $1,945,000 | $776,307 | $695,000 | 105 |
| Sierra Meadows/ Prosser | 42 | 0 | $270,000 | $899,900 | $483,082 | $454,500 | 113 |
| Lahanton | 11 | 0 | $1,790,000 | $4,959,000 | $2,452,545 | $2,195,000 | 256 |
| Gray’s Crossing/ Old Green. | 5 | 1 | $850,000 | $2,495,000 | $1,727,000 | $1,845,000 | 146 |
| Northstar | 11 | 48 | $799,000 | $6,200,000 | $2,162,090 | $1,295,000 | 125 |
| Alpine M./ Squaw Vly. | 23 | 32 | $650,000 | $6,000,000 | $1,697,206 | $1,150,000 | 155 |
| Donner Lake | 13 | 3 | $225,625 | $3,075,000 | $951,125 | $534,000 | 132 |
| Glenshire/ Devonshire | 46 | 0 | $285,000 | $1,500,000 | $564,595 | $466,450 | 118 |
| Lake Tahoe North Shore | 78 | 27 | $199,000 | $6,995,000 | $970,444 | $635,500 | 124 |
| Lake Tahoe West Shore | 57 | 0 | $334,950 | $22,500,000 | $1,730,723 | $769,000 | 203 |
