Tahoe/Truckee Real Estate 2010 Year End Stats
January 5, 2011
These graphs show some of the year end sales statistics for the Lake Tahoe/Truckee area.
The first set of graphs compares sales numbers in 2010 to 2009. For sales volume at Lake Tahoe, there was a 20% increase in home sales and a 48% increase in condo sales in 2010 compared to 2009. For units sold in 2010, there was a 16% increase for home sales and a 46% increase for condos. The median price for homes decreased by 6% and the average home sale price increased by 1%. The median condo price decreased by 9% in 2010 the average price increased by 4%.
The second set of graphs shows numbers for Truckee. Sales volume had no change in 2010 compared to 2009 for single family homes and and condo sales volume increased by 46%. Units sold increased by 5% for single family homes and and condo sales increased by 46%. The median price of single family homes decreased by 8% in 2010 and the average home sale price decreased by 4%. The median price for condos decreased by 9% and the average price stayed the same.
The third set of charts breaks down the properties sold in 2010 by price band.
Click on the images below for enlarged versions of the graphs.
Lake Tahoe & Truckee October 2010 Real Estate Sales Stats
November 6, 2010
Another 83 single family homes sold last month. This makes a total of 691 sold homes in the Tahoe area for 2010!
The majority of home sales were in the $300K-$499K range with 32 homes selling. 17 homes sold for $299K or less. 15 homes sold in the $500K-$699K range. Still lots of activity with the upper end price range with 11 homes selling for over $1 million. The neighborhood with the most home sales was Tahoe Donner with 27 homes selling. Next was Truckee with 20 home sales. 5 of the homes that sold last month were short sales and 17 were bank owned.
This information was taken from our local multiple listing service and is for the dates of October 1-31, 2010. Click on the image below for an enlarged version of the chart and more info.
Lake Tahoe & Truckee September 2010 Real Estate Sales Stats
October 13, 2010
Tahoe real estate sales are up! Another 84 homes sold last month. This makes a total of 624 year to date. Last year there were 538 home sales for the same time period. It’s encouraging to see some positive numbers!
The most homes sold in Tahoe Donner last month (26 homes) and in Truckee (19 homes). The $500K and under price range continues to see the most activity. Specifically, in the $300K-$499K range with 32 homes selling last month! Next was the $500K-$699K range with 18 sold homes. The upper end market saw a lot of activity as well with 17 homes selling for over $1 million!
This information was taken from our local multiple listing service and is for the dates of September 1-30, 2010. Click on the image below for an enlarged version of the chart and more info.
Why It’s a Great Time to Buy
October 11, 2010
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People keep saying that it’s a great time to buy. But why? According to this article, because bllionaire John Paulson says so! The blog is entitled If HE Says It Is Time to Buy a Home, BUY A HOME!
Paulson is quoted as saying “If you don’t own a home, buy one. If you own one home, buy another one. And if you own two homes, buy a third and lend your relatives the money to buy one.”
The Wall Street Journal agrees with Paulson and says “Ignore the critics. The odds have to be on his side…It isn’t just that home prices have fallen a long way. It’s also that, if you can get a mortgage, you are basically taking a reverse bet on the bond market. You could be a long-term borrower at fixed rates, instead of a long-term lender. Right now you can borrow for 30 years at around 4.3%. After the mortgage tax deduction, for some people the net effective interest rate is nearer to 3%. That’s going to prove an awesome deal if we see inflation again.
To read the entire article click here.
Lake Tahoe & Truckee August Real Estate Sales Stats
September 3, 2010
August saw the same amount of home sales as July 2010. 72 single family homes sold last month. This makes a total of 519 year to date. For the same dates in 2009, 419 single family homes sold. This shows that we are seeing quite a bit more activity this year from last year!
For home sales last month, the area that saw the most activity was Tahoe Donner with 24 homes selling. Next was Truckee with 16 homes selling, then North Lake Tahoe with 15 sold homes. We are still seeing the most activity in the $500K and under price range. Specifically, in the $300K-$499K range with 27 homes selling last month! Next was the $500K-$699K range with 15 sold homes. There was also quite a bit of activity in the higher priced homes with 9 homes selling for over $1 million! One home even sold for $10 million! There were also 24 condo sales last month.
This information was taken from our local multiple listing service and is for the dates of August 1-31, 2010. Click on the image below for an enlarged version of the chart and more info.
