Real Estate Information

Linda & Garrison's Blog

Linda Green

Blog

Displaying blog entries 1-10 of 15

Market Conditions for Truckee - March/April 2015

by Linda Green

The information below cuts off on the right side, please click this link to see the full report, including the graphs:  

Market Conditions for Truckee - March/April 2015

 


 

Marketing Stats for Truckee April 2015 March 2015 Difference Trend
New Listings (Homes) 108 123 -15 TRENDING DOWN-12.19%
Homes for Sale 403 405 -2 TRENDING DOWN-0.49%
Total Homes SOLD 50 51 -1 TRENDING DOWN-1.96%
Median LISTED Price $572,000 $499,500 $72,500 TRENDING UP14.51%
Median SOLD Price $496,950 $545,400 $-48,450 TRENDING DOWN-8.88%
Average Days on Market 117 199 -82 TRENDING DOWN-41.20%

 


 

Market Conditions for Truckee April 2015

Median Sale Price
$496,950

 DOWN -8.88%
vs. Month Ago
Homes for Sale
403

 DOWN -0.49%
vs. Month Ago
Homes Sold
50

 DOWN -1.96%
vs. Month Ago
Avg Days on Market
117

 DOWN -41.20%
vs. Month Ago
Close [-]
Median Sale Price

The median sale price for homes in April was $496,950. The median sales price for homes in April fell by ($48,450) compared to last month. This represents a 8.88% decrease from March. Compared to the same month last year, the median price of homes fell by ($38,050) representing a -7.11% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Median Sale Price
$496,950
 
Homes for Sale
403
Homes for Sale

The inventory of homes for sale fell by 2 in April to 403. This represents 0.49% decrease from March when 405 homes were on the market. Compared to the same month last year when there were 362 homes for sale, the inventory of homes for sale has risen by 41 representing a 11.32% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

 
Homes Sold

The 50 homes sold in April was 1 less than in March. This represents a 1.96% decrease in sales from March. Compared to the same month last year, the number of homes sold decreased by 7, a -12.28% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Homes Sold
50
 
Avg Days on Market
117
Avg Days on Market

The average days on market for a home sold in April (117) decreased by 82 days compared to March. This represents a 41.2% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 24, a -17.02% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

 
Sale/List Price Ratio

The Sale/List Price Ratio of 90.89% in April fell by 2.91% compared to March and decreased 4.64% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

List/Sale Price Ratio
90.89%
 
New Homes
108
New Homes

The number of homes listed in April (108) fell by 15 compared to March, a 12.19% change. Compared to April 2014, the number of new listings decreased by 13, a -10.74% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

 
Median List Price

The median list price in April was $572,000. The median list price for homes in April rose by $72,500 compared to last month. This represents a 14.51% increase from March. Compared to the same month last year, the median list price of homes increased $89,500 representing a 18.54% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.

Median List Price
$572,000
The Greens

Mobile: 530.205.6902 
Work: 530.550.5021 
linda@thegreens.ws 
www.TruckeeLakeTahoeHomes.com

IMPORTANT! PLEASE READ CAREFULLY

NNRMLS:The information being provided is for consumers' personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. © Copyright Northern Nevada Regional MLS. All rights reserved.

TSBOR:The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Tahoe Sierra Multiple Listing Service. Real estate listings held by brokerage firms other than, Dickson Realty, are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The information being provided is for the consumers personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. © Tahoe Sierra Multiple Listing Service.

The information being provided is for consumers' personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Independent verification is recommended.

The "bubble price map" below shows the Median Sales Prices and the Average Prices/Sq.Ft. for homes that were sold during the 1st Quarter of 2015 (January - March) in the Truckee and North Lake Tahoe sub-regions.

Click on the image below to take a look at the Median Sales Prices and Average Price/Sq. Ft. prices for single family homes in the Truckee and North Lake Tahoe sub-regions.

2014 was another good year for our housing market. The Truckee - Lake Tahoe real estate market experienced a rise in average and median home selling prices. The homes in the under $400,000 price range continued to sell fairly quickly and often in multiple offer situations.

Overall, single family home average sales prices in our whole Tahoe Sierra region have increased by about 12% to 23% over this past year, depending on the neighborhood for which you are running statistics.

View the our complete 2004 - 2014 Tahoe Sierra MLS Market Activity Report.

Our market activity report shows the average sales prices of homes, and the % change in prices, in the Tahoe Sierra area from 2004 to 2014. This is an excellent summation of data to further your knowledge of the changes in home values in our area since 2004.

Click the image below to show a pop-up window of a larger image:

2004-2014 Market Graph

The "bubble price map" below shows the Median Sales Prices and the Average Prices/Sq.Ft. for homes that were sold during the 3rd Quarter of 2014 (July - September) in the Truckee and North Lake Tahoe sub-regions.

Click on the image below to take a look at the Median Sales Prices and Average Price/Sq. Ft. prices for single family homes in the Truckee and North Lake Tahoe sub-regions.

Tahoe Donner News Online – June 2014

by Linda Green

Each month the Tahoe Donner Homeowners Association posts the Tahoe DonnerNews publication – the same one that all Tahoe Donner property owners receive in the mail – on the website of issuu.com.

Here’s a brief run down of the many articles that you will find in the Tahoe Donner News – June 2014 edition:

  • The President’s Message
  • June Tahoe Donner events – Amenity Openings
  • 2014 Board of Directors Election
  • Tahoe Donner Photo Contest 2014
  • Putting Practice Makes Perfect
  • Ready, Set, Hike
  • Invasive Weeds
  • Tahoe Donner Tennis
  • Eat + Drink = Happy
  • Free Truckee Tahoe Airshow Highlights Women in Aviation
  • Cross Country Ski Center Gets Approval
  • River Friendly Landscaping

The "bubble price maps" below show the Median Sales Prices and the Average Prices/Sq.Ft. for homes that were sold during the 1st Quarter of 2014 (January - March) in the Truckee and North Lake Tahoe sub-regions.

Click on the images below to take a look at the Median Sales Prices and Average Price/Sq. Ft. prices for single family homes in the Truckee and North Lake Tahoe sub-regions.

 

Tahoe Donner Market Trends – 1st Quarter 2014

by Linda Green

Tahoe Donner Summary (Complete Report)

Inventory Still Very Low. The number of listings for Tahoe Donner single family homes for sale in the Tahoe Sierra MLS was 41 as of April 06, 2014. This represents an increase of 11 homes over the beginning of last quarter, in January. Our inventory of homes for sale is still much lower than usual as compared to previous years. The low inventory of homes available for sale is still contributing to our current multiple offer situations.

Median Sales Prices Increased. The median sales price for single family homes in Tahoe Donner for January 2014 through March 2014 was $610,000. This represents a 3.8% increase compared to the prior quarter. The median sales price for single family homes was $499,900 during the same period in the prior year (1st Quarter 2013) which shows a 22.0% increase in prices since last year. The average sales price for single family homes in Tahoe Donner for January 2014 through March 2014 was $608,250. This represents a -2.6% decrease compared to the prior quarter, and a 15.7% increase compared to the same period in the prior year. We are still selling many homes in the lower price ranges. The home selling prices are definitely on the rise, thus we are certainly in a rising real estate market.

Market Activity Decreased. The number of single family homes sold in Tahoe Donner, as recorded in the Tahoe Sierra MLS, for January 2014 through March 2014 was 32 homes, about 47 homes less than what was sold in the prior quarter. And, this is a -39.6% decrease in the number of homes sold as compared to the same period in the prior year of 2013.

Homes are selling at about 98.5% of their asking price. The average listing price for single family homes in Tahoe Donner for January 2014 through March 2014 was $617,293. This represents a decrease compared to the prior quarter, and an increase compared to the same period in the prior year. Single family homes in Tahoe Donner sold at an average of 98.5% of their last listed price, during January 2014 through March 2014, compared to the same period in the prior year when the homes were selling at an average of 97.3% of their last listed price. Thus, it seems that buyers are willing to pay a bit closer to the listed sales price for homes than they were a year ago.

Average $/sq.ft. of Sold Homes Decreased Slightly. Average price per square foot for Tahoe Donner homes sold during the 1st Quarter was approx. $276, a decrease as compared to last quarter (4th Qtr 2013) when it was at $281/sq.ft., and an increase from the $248/sq.ft. in Q1 of 2013 - the same period last year. The average price/sq.ft. for sold homes is increasing now, although we are seeing a “zig-zag” pattern of $/sq.ft. price increases from quarter to quarter. This is another indication that home prices are now increasing in our market, we are now in a rising market! Note: If you are a buyer of property, please remember that the sold price/sq.ft. is generally higher for smaller homes and lower for larger homes.

The median sales prices and average price/sq. ft. prices have mostly increased in the Truckee and North Lake Tahoe areas over the last year. The images below show the prices as reflected at the end of the 4th Quarter of 2013. 

Click on the images below to take a look at the Median Sales Prices and Average Price/Sq. Ft. prices for single family homes in the Truckee and North Lake Tahoe sub-regions.

 

2013 was a good year for our housing market. The Truckee - Lake Tahoe real estate market experienced a rise in average and median home selling prices. The homes in the under $400,000 price range sold fairly quickly and often in multiple offer situations. We continued to see a decline in both "short sale" homes and bank owned homes in 2013. Only about 11-12 percent of the homes sold during the year were distressed properties, both foreclosures and "short sales," in the Tahoe Sierra MLS area.

Overall, single family home average sales prices in our whole Tahoe Sierra region have increased by about 12% over this past year, with some neighborhood areas showing a greater increase in prices and some a bit less of an increase.

View the our complete 2004 - 2013 Tahoe Sierra MLS Market Activity Report.

Our market activity report shows the average sales prices of homes, and the % change in prices, in the Tahoe Sierra area from 2004 to 2013. This is an excellent summation of data to further your knowledge of the changes in home values in our area since 2004.

Click the image below to show a pop-up window of a larger image:

2004-2013 Market Graph

Welcome to our newly re-designed website!

by Linda Green

Website under constructionWelcome to our newly re-designed website!  We are currently still working on our new website content and ask that you come back to visit soon to see and read all the great content we will be adding. 

We will be adding a lot of great information about our Truckee and Lake Tahoe area communities/subdivisions.  And, we will soon be adding more blog posts and market reports.  So stay tuned! 

Displaying blog entries 1-10 of 15

Syndication

Categories

Archives

A Higher Level of Service!

Linda Green Cal BRE# 01410438
Garrison Green Cal BRE# 01487280