Tahoe/Truckee Real Estate Year End Stats 2009
January 14, 2010
The following charts show some of the 2009 year end stats for the real estate market in Tahoe and Truckee.
The first chart compares some of the sold numbers from 2008 to 2009. The first page shows sales volume for single family homes & condos, the second page shows median & average price and the third page shows units sold. For single family homes, there was a 2% decrease in the sales volume. Condos saw a 16% decrease.
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.
December Update for Tahoe Donner
January 11, 2010
There are still lots of homes selling in Tahoe Donner. In fact, there seem to be hardly enough homes on the market as inventory keeps going down and homes keep selling! Another 35 single family homes sold in Tahoe Donner during the month of December 2009. The least expensive home sold for $296K and the most expensive home sold for $1,327,950. The average days on market for these sold homes was 99 days (123 days for November 2009). The average sales price was $667,027 ($604,790 for November 2009). 227 single family homes sold in Tahoe Donner for 2009. 75 homes are still listed (very low number for Tahoe Donner). 20 homes are currently under contract. This puts the absorption rate at 27% and there is just under 4 months of inventory still on the market in Tahoe Donner. There are still some great deals on homes in Tahoe Donner!
Lake Tahoe & Truckee December Real Estate Sales Stats
January 11, 2010
Lots of activity with home sales in the Tahoe/Truckee area! 93 homes sold in December 2009! The most activity last month was in the $300K-$499K price range with 33 homes selling. 9 homes sold for under $299K, 24 for $500K-$699K, and 18 for $700K-$899K. There was more activity in the upper end price range with 9 homes selling for over $1 million! The well priced homes, especially in the lesser price range, do not seem to be lasting on the market for very long!
This information was taken from our local multiple listing service and is for the dates of December 1-31, 2009. Click on the image below for an enlarged version of the chart.
Real Estate Monthly Update for Tahoe Donner
December 4, 2009
The real estate market in Tahoe Donner is doing well! There were 15 homes that sold in November 2009. The lowest priced home was $300K and the highest price home was $1.2 million. The average was $604,790 and the median was $535K. The average days on market was 123 days. There are now 192 homes that have sold in Tahoe Donner year to date. There are 95 homes that are still for sale in Tahoe Donner and 35 are in escrow. This puts the absorption rate at 37% which is phenomenal! There is just over 2 1/2 months of inventory still on the market in Tahoe Donner. An average or “healthy” market is around 6 months of inventory, so these numbers are outstanding! There are lots of buyers just waiting for that good deal and when it comes on the market, it doesn’t seem to last long.
Lake Tahoe & Truckee November Real Estate Sales Stats
December 4, 2009
82 more homes sold during the month of November 2009! There were also 19 condos and 15 “other” types of properties in the area that sold. We are still seeing the most activity in the $500K and under price range. 9 homes sold for under $299K, 34 for $300K-$499K, 14 for $500K-$699K, and 9 for $700K-$899K. More good news is that there were 16 homes that sold for over $1 million! We hadn’t seen much activity in this price range for the majority of the year but are just starting to see more homes selling in this higher price range. 3 homes sold for over $3 million which is also very positive news!
This information was taken from our local multiple listing service and is for the dates of November 1-30, 2009. Click on the image below for an enlarged version of the chart.
