Truckee/Tahoe Weekly Sales Graph

This chart shows the sales in the Truckee Tahoe area for the week of November 30, 2008 - December 7, 2008. The information was taken from our local multiple listing service.

AREA	Current homes/ condos		Low	High	Avg.	Median	Avg. days listed	SFR Pend-ing	Sold SFR
Tahoe Donner	146	26	$375K	$3,465K	$950,819	$849K	146	11	4
Sierra Meadows/ Prosser	35	1	$339,500	$4.5 mil.	$821,900	$599K	121	2	1
Lahanton	31	0	$1,549K	$7,950K	$2,962,161	$2,790K	251	0	0
Gray’s Crossing/ Old Green.	33	70	$899K	$3,995K	$1,878,227	$1,695K	171	0	1
Northstar	35	70	$749K	$4,950K	$1,535,542	$1,199K	203	1	0
Alpine M./ Squaw Vly.	43	85	$545K	$5,250K	$1,698,883	$1,295K	165	1	1
Donner Lake	30	3	$329,900	$3,950K	$1,253,553	$826K	186	0	0
Glenshire/ Devonshire	49	0	$279K	$2,950K	$754,739	$550K	153	3	1
Lake Tahoe North Shore	143	55	$299K	$10,995K	$1,284,311	$699K	187	7	0
Lake Tahoe West Shore	114	4	$185K	$31,550K	$2,576,817	$949,999	172	5	0

Lake Tahoe/Truckee Weekly Sales Info

The following chart reflects sales for the Tahoe/Truckee area for the week of November 16-23, 2008. The information was taken from the local multiple listing service.

AREA	Current homes/ condos		Low	High	Avg.	Median	Avg. days listed	SFR Pend-ing	Sold SFR
Tahoe Donner	159	24	$359,900	$4.2 mil.	$972,097	$848K	144	11	3
Sierra Meadows/ Prosser	40	2	$339,500	$4.5 mil.	$816,475	$599K	135	5	2
Lahanton	31	0	$1,549K	$7,950K	$2,986,193	$2,790K	247	0	0
Gray’s Crossing/ Old Green.	34	5	$899K	$3,995K	$1,883K	$1,772,500	155	1	0
Northstar	36	69	$749K	$4,950K	$1,519,222	$1,197K	197	1	0
Alpine M./ Squaw Vly.	45	86	$560K	$5,250K	$1,706,833	$1,275K	169	2	1
Donner Lake	30	3	$329,900	$3,950K	$1,275,296	$862K	181	0	0
Glenshire/ Devonshire	54	0	$279K	$2,950K	$739,835	$549,975	145	4	2
Lake Tahoe North Shore	159	62	$299K	$10,995K	$1,348,215	$729K	187	5	3
Lake Tahoe West Shore	126	4	$185K	$31,550K	$2,467,604	$849,975	174	4	0

Lake Tahoe/Truckee Weekly Sales Update

The following is a graph for weekly sales in the Tahoe/Truckee area for the week of October 27-November 2, 2008. The information was taken from the Tahoe Sierra Board of Realtors.

AREA	Current homes/ condos		Low	High	Avg.	Median	Avg. days listed	SFR Pend-ing	Sold SFR
Tahoe Donner	162	22	$359,900	$4,200K	$972,187	$832K	132	16	5
Sierra Meadows/ Prosser	47	1	$330K	$4,500K	$792,731	$599K	120	4	1
Lahanton	31	0	$1,549K	$7,950K	$3,162,951	$2,950K	266	0	0
Gray’s Crossing/ Old Green.	32	5	$899K	$3,995K	$1,860,187	$1,750K	148	2	0
Northstar	37	64	$749K	$4,950K	$1,545,702	$1,199K	198	1	1
Alpine M./ Squaw Vly.	45	87	$560K	$4,900K	$1,648,833	$1,275K	185	2	1
Donner Lake	29	3	$329,900	$3,950K	$1,185,717	$875K	168	0	0
Glenshire/ Devonshire	59	0	$275K	$2,499K	$739,120	$549,950	140	5	3
Lake Tahoe North Shore	158	61	$319K	$10,995K	$1,287,216	$749,500	184	10	3
Lake Tahoe West Shore	128	3	$185K	$31,550K	$2,484,387	$849,975	174	4	1

6750 North Lake Boulevard

Great Buy just got Better

Seller will finance with qualified buyer and 30% down.  This is an incredible opportunity for someone to enjoy a beautifull 3 bedroom, 3 1/2 bath condo for guaranteed 6 weeks a year right on the sandy beach of Lake Tahoe.  Tonopalo is an exclusive condo project that has it all and you can enjoy owning lakefront property at a fraction of normal cost.  Seller paid $700,000 and will sell it for $555,000.  Run, don’t walk.

 

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Walk right onto the beach from this beautiful ground level lakefront unit. Outstanding amenities, owner club house features fitness, game, video, large sitting room, and library. Pool, hot tub, fire pit, barbeque and 270 feet of sandy beach, kayaks, sailboats, along with a pier and 12 buoy’s! Not to worry, if you don’t have your own boat, you can make use of the 26 ft Formula speed boat equipped with driver!! 1/7 share=6 weeks a year+ unlimited space available use. Tonopalo is pet friendly too! Click on the link for a Virtual Tour.

Now is the Time!

With everything happening in our financial world, real estate is still a great investment.  The meltdown of the home market has certainly increased the fear and pressure of what and when to buy, but living in Tahoe, the market will eventually go up.  For those people who had a steady 12% - 15% increase in value per year over the last 7 - 10 years are still ahead of the meltdown.  For those who purchased in the last 2-3 years, you need to buckle down, work harder and plan on at least a five year cycle.  The good news is that it is cyclical, all business goes up and down, so “hang in there”.

Now is the time to Buy.  If you are even thinking about purchasing in Tahoe, this is the time.  Prices are at the lowest that I have seen since moving up here five years ago.  Our offices of Truckee, Tahoe City and Squaw Valley have seen an increase in the number of escrows in the last two months.  Our number of closed escrows has increased over the previous two quarters.   The sale prices are the lowest we have seen.  This is a great time for first time buyers.

Having said this, the activity between $800,000 - $1,300,000 has increased as well.  There have even been multiple offers on properties in this price range.  Properties that are the best value  and priced right for the house are selling.   Some even with multiple offers.

The weather is beautiful, the colors are bursting and there has never been a better time to invest, primary or vacation, this is the time.

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