Lake Tahoe & Truckee May Real Estate Sales Stats
June 4, 2010
Another 52 homes sold last month (May 2010). 305 single family homes have sold now during 2010. The majority of home sales were in Truckee and Tahoe Donner with 18 and and 15 homes selling in each area respectively. The most activity for price range was in the $300K-$499K range with 20 homes selling. 10 homes sold in the $500K-$699K range. 8 homes sold for over $1 million and 3 of these were over $2 million. 21 condos sold last month as well.
This information was taken from our local multiple listing service and is for the dates of May 1-31, 2010. Click on the image below for an enlarged version of the chart.
Lake Tahoe & Truckee April Real Estate Sales Stats
May 6, 2010
72 single family homes sold during the month of April 2010! Most home sales took place in Tahoe Donner (22 homes sold) and Truckee (25 homes sold). The price range that saw the most activity was $300K-$499K with 24 homes selling in this price range. 12 homes sold for $299K or under, 13 in the $500-$699K range, and 14 in the $700K-$899K range. 9 homes sold for over $1 million and 3 of these were over $2 million. There were also 28 condos that sold last month.
This information was taken from our local multiple listing service and is for the dates of April 1-30, 2010. Click on the image below for an enlarged version of the chart.
April Tahoe Donner Update
May 5, 2010
22 single family homes sold in Tahoe Donner last month. 60 homes have sold in Tahoe Donner now year to date. For sold homes last month, the least expensive home sold for $278K and the most expensive home sold for $1,725,000. The average home sale price was $611,659 and the median was $530K. The sold homes were on the market for an average of 128 days. The majority of home sales was in the $300K-$700K price range. 3 homes were short sales and 2 were bank owned properties. There are currently 85 single family homes listed in Tahoe Donner. 13 of these are short sales and 3 are REOs. 16 homes are in escrow. This puts the absorption rate at 19% and there is just over 5 months supply of inventory remaining in Tahoe Donner. Click on the link for current homes for sale in Tahoe Donner.
Tahoe/Truckee Real Estate 2010 1st Quarter Stats
April 22, 2010
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.
March Tahoe Donner Update
April 1, 2010
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.
