Truckee Real Estate – Tahoe Donner Home Sales Strong – August 2010
September 3, 2010
- Image by Ryan Holst via Flickr
Update for August month end ….
The total for August was 24 single family homes sold! Quite an increase over the 13 for July. June was also 13. I will publish updated graphs etc. in a day or two.
This month will be a good month for sales of single family homes in Tahoe Donner. I just ran the sales statistics as of Aug 28th and there are 20 single family home sales so far this month vs. 13 for June and 13 for July. Also, it certainly appears that we will see several more than 20 sales this month since there are 6 pending and 26 contingent in escrow and we have a couple days to go until month end. I would assume we may see a a couple of the pendings close and maybe a few of the contingent sales – we could be looking at close to 25 single family home sales for August.
The good news – according to past seasonality data, Sept. Nov and Dec should also be stronger than this month.
Call me if you want to see more detailed data for the month so far. This would include $/sq ft, purchase price vs. ask price etc.
Gary at 530-448-1100
Tahoe Donner – Is 2010 the year of the Condo?
August 30, 2010
Sunrise Over Truckee
Yes, it is in comparison to year-to-date (YTD) single family home sales in Tahoe Donner.
So far there have been 122 sales of single family homes YTD vs. 119 for the same period in 2009 with an average price of $574K vs. $590K last year. An increase of 2.5% in home sales and a decrease of roughly 1% in average sales price.
Contrast this with sales of 29 condo/townhomes in 2010 YTD vs. 20 in the same period last year and an increase in average price of $315K vs. 295 for the same period last year. An increase of 45% in condo/townhome sales and an increase in average price of 6.8%. No question that the Condo/Townhome market is stronger in 2010!
Truckee Real Estate – Does an Open House Help Sell a Home?
August 21, 2010
- Image by nicoyogui via Flickr
It depends on where the home is ….
In my opinion, if the home is in Tahoe Donner, the answer is yes! There are over 5200 homes in Tahoe Donner of which roughly 20% are permanent resident homes. The other 80% are part time or renters. So, in addition to weekend activity visitors, there are renters, visitors of the part time residents and people coming up to look for winter ski leases who may consider buying a home. So there is a lot of traffic in Tahoe Donner on the weekends and holidays that includes potential buyers. The net-net is that there are 100′s if not 1000′s of potential buyers driving around that may stop and see open house on an impulse. It’s also time efficient for our visitors - they can quickly view several homes and get an idea of what the market is like up here.
The best location for an open house is on a busy street like Northwoods, Alder Creek or Skislope or within a few “turns” off one of these streets where it is easy for the visitors to “pop-in” and look at the home. If they have to turn more than 4 turns they may quickly lose interest or miss a sign.
There is a lot of discussion about whether open houses make sense or not. Obviously when we have a large influx of visitors on the weekend it’s a great time to promote your home. If this makes sense to you, this should be considered when you pick your agent.
Contact Gary at TruckeeRealEstate@gmail.com – I am interested in your opinion and would love to list your home!
Truckee Real Estate – Tahoe Donner Sales Looking Hot!
August 21, 2010
Truckee Commercial Row
This month could be strong to hot in sales of single family homes in Tahoe Donner. I just ran the sales statistics as of Aug 21st and there are 12 single family home sales so far this month vs. 13 for June and 13 for July. It certainly appears that we will see considerably more than 13 sales this month since there are 6 pending and 30 contingent in escrow. We also have a week and 1/2 to go. Assuming the pending close and maybe 25% or so of the contingent we could be looking at more than 20 single family home sales for August. According to past seasonality data, Sept. Nov and Dec should also be stronger than this month.
Call if you have any questions. Gary at 530-448-1100 or Truckee RealEstate@gmail.com
Truckee Real Estate – Tahoe Donner SF Home Sales – July ’10
August 7, 2010
Truckee Real Estate – Tahoe Donner Single family Home Sales – July 2010
The following Figure shows Tahoe Donner Single Family Home Sales from Jan 2008 through July ‘10.
The data is obtained from the Tahoe MLS published data for July 2010. This is for single family homes only – contact me for data on Tahoe Donner Condos or data for other Truckee areas. Gary at 530-448-1100
Single family home sales were 13 homes, down from 15 last month. The 13 home sales are lower than last year but on par with 2008. As mentioned previously, based on seasonality data for the last couple years, we can expect to see home sales rising through the late summer and fall. Regarding new home sales, there are a few on the market with a few more coming before winter. Regarding lots, we only have another couple months of possible buildable lot sales as we enter the end of the summer building season.
Tahoe Donner July 2010 SF Home Sales
Figure 1. Tahoe Donner Single Family Home Sales – Note seasonality of sales
Inventory (# of SF listings) picked up from 152 to 167. As mentioned in the last couple months report, the inventory has grown as property owners have worked on their homes over the summer and have now listed them before the busy fall selling season – note the seasonality of sales shown in Figure 1 where August through the end of the year is typically strong. Note that inventory tends to be a bit higher before we enter this strong selling season.
When you consider we have over 5100 homes in Tahoe Donner this is approximately 3 % of the homes in TD.
Average Days on market (DOM) increased to 104 – which looking at the above graph is roughly about average.
Tahoe Donner Average and Median Sale Prices
Figure 2. Tahoe Donner Single Family Home Median and Average Home Price
One can see that the average and median prices are holding fairly steady through ‘09. And ’10. This is a good trend and could be construed as a sign that the Tahoe Donner single family home market is healthy.
One factor that affects this price curve is a lack of new high end home construction activity in Tahoe Donner. This will tend to keep single family (SF) home pricing a bit lower until we get some additional high end construction activity and new homes for sale. This is another good sign of a strong market beause prices tend to be holding in even without the expensive new homes coming on the market.
I hope this data, presented in this form was useful to you. For an instant update, or a discussion about condos/townhomes, please call me and I’ll be pleased to provide you with the most recent data available. MLS data is available and I encourage the buyer or seller to study the data and arrive at their own conclusions before making a buy or sell decision. Contact me if you would like to see the “raw” data. I also have sold price vs. listed price data and prices per sq ft – this is very helpful if you are considering selling or buying a home – call me for a copy of this data.
Gary LaBelle, your Truckee Realtor
(530) 448-1100
DRE #01495906
