Lake Tahoe & Truckee June Real Estate Sales Stats
July 3, 2010
71 single family homes sold last month! This makes a total of 370 sold properties year to date. For last month’s home sales, most of the activity was in Truckee with 21 homes selling and Northshore Lake Tahoe with 15 homes selling. We are continuing to see the most activity in the $300K-$499K price range. 17 homes sold for $299K or under, 26 homes sold in the $300K-$499K range, and 14 in the $500K-$699K range. 7 homes sold for over $1 million and 1 the most expensive home sold for $12.4 million! 16 condos sold last month.
This information was taken from our local multiple listing service and is for the dates of June 1-30, 2010. Click on the image below for an enlarged version of the chart.
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.
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.
