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Market Conditions in Truckee : Real Estate Advice

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  • Local Info2
  • Home Buying42
  • Home Selling3
  • Market Conditions7

Activity 10
Tue Nov 19, 2013
Olja Mihic answered:
Karen,

Why do you ask this question? I am assuming you are trying to understand the neighborhood better.
Tahoe Donner is a very popular neighborhood with Sacramento and Bay Area vacationers, as it is a convenient location off HWY 80, and very serene and mountainy, with many HOA amenities.
However, if you are worried about a grocery store, I would like to issue a word of warning, this is slightly further from the center, and you will have a steeper road to contend with. Message me with your concerns.

Olja Mihic
Realtor - Chase International
530 448 6633
tahoerealestate@hotmail.com
www.charmingcabins.com
... more
0 votes 6 answers Share Flag
Sun Nov 17, 2013
David Wright answered:
I didn't see the response posted though I sent it a few days ago - the bright red fire hydrant is directly across the street from this house. A 2 lane residential street.
0 votes 6 answers Share Flag
Tue Sep 10, 2013
Olja Mihic answered:
Real estate in Lake Tahoe, in general, is on the rise. In the last year we have seen the median prices go up by about 16%. I say median and not average, as the luxury home sales have increased in activity by 50%, and are skewing the average.
In the last couple of weeks the Feds have slowed down the bond purchases which drove the mortgage rates up, so I think it did slow the market down a bit, but it has not affected the prices.
So, yes the bottom has been and gone!

Olja Mihic
Realtor - Coldwell Banker
530 448 6633
tahoerealestate@hotmail.com
www.charmingcabins.com
... more
0 votes 6 answers Share Flag
Fri Oct 1, 2010
Rudi Hofmann answered:
If you are seeking financing, it's the lower of the purchase price or appraised value. Appraisals are based on comps.

If you are a cash buyer, and what you stated is your primary concern, wait until the market bottoms out. You'll now when that occurs,as you watch the rising listing prices. ... more
0 votes 5 answers Share Flag
Mon Aug 23, 2010
Alison Elder answered:
Hi Larry,

The bankruptcy has cleared. Old Greenwood's four HOA's are self sustaining and in good order with well run HOAs. Fractional pricing has dropped significantly (~50%) over the last 12-18 months. I live full time in OG and love the neighborhood, area and amenities. The TMC group of professionals couldn't be nicer!
Please contact me if you would like more information or visit my site at ElderGroupTahoeRealEstate.com for a plethora of information on Old Greenwood. Today, there is one REO lot for sale in OG fo <$90,000.
Alison Elder - 530.582.8103
... more
0 votes 1 answer Share Flag
Tue Mar 16, 2010
Tamara Perlman answered:
Tahoe1--

Did you find an answer to your question? Have you purchased a Lahontan lot? There have been some incredible deals in Lahontan the past year+. In 2009, there were only 13 lots that sold through our local multiple listing service... ranging in price from $133,500-400K. Some of these were deeply discounted. One closed for over asking price. In 2010, we've seen 4 lots sold for $125K-345K.

There are currently 47 lots on the market, with only 4 that are distressed sales (foreclosed or short sale). Prices range from $99,500-2.4M! 32 of the listings are under $300K.

If I can be of any other assistance, please let me know.

Tamara Perlman
Coldwell Banker
530-414-4459
tperlman@coldwellbanker.com
... more
0 votes 5 answers Share Flag
Mon Nov 16, 2009
Dave Westall answered:
Frank, I just performed an in depth market analysis for Truckee and the North Lake Tahoe markets. You can view my report here:
http://tahoetruckeerealestate.blogspot.com/2009/11/lake-tahoe-truckee-year-over-year.html

I also have some archieved reports available here:
http://www.westallrealestate.com/Tahoe-Truckee-Market-Analysis.shtml

If you would like a market analysis for a specific neighborhood or price point please contact me as I would be happy to help you out.

Best regards, Dave

David Westall, Realtor
DRE# 01796995
Tahoe Riverfront Realty, Inc.
530-583-3483 x7
david@westallrealestate.com
www.WestallRealEstate.com
... more
0 votes 3 answers Share Flag
Sat Dec 27, 2008
J R answered:
1. The trend of suggesting that people should ignore the news, turn off the tv, it's all distorted by the media, we are at the bottom, only we know the truth , trust me thing. As they say denial ain't just a river....\

~~~~~~~~~~~~~~~~~

This is true, two of the most disturbing things, IMO are sellers who ignore the news and think their houses are worth more than they never were, and realtors who list at those prices.
... more
1 vote 15 answers Share Flag
Sun Aug 24, 2008
Rebekah Schroeder answered:
Single family homes that have sold in Glenshire so far this year are selling on an average of 94% list to sales price. That is around 6% off of the original listed price. The homes that are well priced and/or great deals are seeing quite a lot of action. Some are still receiving multiple offers! There are currently 60 single family homes listed in Glenshire and 5 homes are pending. This gives the market about an 8% absorption rate which means 92% of homes currently listed are failing to sell. There is still about a year's worth of inventory in Glenshire. Not so good for people trying to sell homes there right now, but there are lots of opportunities for buyers! ... more
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Thu Apr 10, 2008
Greg Poulsen answered:
Hi Stephan,

The Truckee area is a unique real estate market, a majority of our property sales are by 2nd home owners. That being said, here are some numbers to give you a better idea of our marker:

These numbers were published by our local MSL (Tahoe Sierra Board of Realtors):

MARKET REPORT - Single Family properties sold in the our MLS - January 2007 - January 2008
• TRUCKEE - sales in Jan 07' = 18 Compare with sales in Jan 08' = 13
• TAHOE DONNER - sales in Jan 07' = 14 Compare with sales in Jan 08' = 8
• NORTH SHORE - sales in Jan 07' = 7 Compare with sales in Jan 08' = 7
• WEST SHORE - in Jan 07' = 5 Compare with sales in Jan 08' = 3

Based on this information overall sale were down in 2008 by 42% and the average sale price in 08' was down by 33% (these number are only estimates).

I hope this sheds some light on your question.

Regards,

Greg Poulsen
www.TahoeHomeHunter.com
... more
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