Truckee Real Estate
November 10, 2011
Tahoe Donner Homes – Single Family Home Sales
October 2011
The following Figure shows Tahoe Donner Single Family Home activity from Jan 2008 through Oct 2011.
The data is obtained from the Tahoe MLS published data. Note, this data is for single family homes only – contact me for data on Tahoe Donner Condos, Lot Sales or data for other Truckee or Lake Tahoe areas.
Tahoe Donner is a great area to study for market activity since it is has over 5000 homes and therefore presents a large database for meaningful statistical analysis. Home prices vary from roughly $300K to over $1.5M and ages range from brand new to over 30 years old.
Tahoe Donner Single Family Home Closings – Jan ’08 to Oct ‘11
Tahoe Donner Homes – Oct Closings
Single Family home closings in Oct ’11 were strong with 20 homes down from 28 last month and 18 the month before. Note that sales in Tahoe Donner are extremely seasonal and year to year comparisons are significant to get a valid picture of typical sales activity. Looking at the above graph, sales tend to be strong in the May-Jun to Dec period every year.
Regarding other sales, there are 5 pending, 19 contingent and 13 active contingent short sales with offers in the works. So overall, still a lot of sales activity in Tahoe Donner. November should be another strong month for sales.
Tahoe Donner Homes – Inventory
The number of Single Family listings was 134 listings at the end of Oct, slightly down from 151 in Sep. When you consider we have approximately 5000 single family homes in Tahoe Donner, inventory continues to be low – 3% of the homes in TD. This low inventory is obviously a positive sign for the continued good health of the Tahoe Donner Home Market.
Tahoe Donner Homes – Days on Market (DOM)
Average Days on market (DOM) was 91 days, which is roughly average from historical data for the last 3 years. So, homes are moving quickly in Tahoe Donner. We had one closing that was on the market for 326 days and several others that were in the 100-150 days range which increased the overall days on market to 91 days. The good news here is that even homes that have been on the market for some time are now moving due to lower inventory and an active market.
Tahoe Donner Single Family Home Median and Average Home Price – Jan ’08 to Oct ‘11
Tahoe Donner Homes – Average and Median Prices
Average price was $603K which is about average since Feb of 2010 which is about 18 months. The median price was $543K.One can see a decline in the 1H of 2011 to June but also an increase after June 2011. Looks good!
Oct $/sq ft
The average price per square foot for Oct was $250.
Sold Price vs. Last Listed Price
Average sold to last list price for Sept and Oct was 96%. So, when you are buying or selling keep this average number in mind. This has been higher for the last few months which means buyers are coming in closer to asking price instead of low offers.
Tahoe Donner Number of Single Family Homes Sold vs. Sale Price Category – Jan ’10 to Oct ‘11
The above graph shows sales by price range. The winner in Oct was the $500 to $700K segment with 7 of 20 total homes sold. The $300 to $500K segment was next with 6 out of 20 homes sold. One home sold in the $700K to $900K range and a very surprising if not great 4 homes sold in the $900 to $1.2M price range. Cash buyers were out in force with 8 of 20 or 40% of sales being cash. The remaining sales used conventional financing.
The builders are coming back to Tahoe Donner – there are multiple remodels and a bit of spec home activity. At the present time, there are 6 brand new homes for sale in Tahoe Donner. That’s a great trend for Tahoe Donner housing. I believe the spring should see more building as the market continues to improve. That also says lot sales should improve accordingly.
I hope this data, presented in this form was useful to you. 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 discuss these results or see additional data.
Gary LaBelle
Truckeehome411.com
530-448-1100
Tahoe Donner Homes – Jan ’11 Closings
February 6, 2011
Tahoe Donner Homes – Single Family Home Sales – January 2011
The following Figure shows Tahoe Donner Single Family Home activity from Jan 2008 through January 2011.
The data is obtained from the Tahoe MLS published data. Note, this data is for single family homes only – contact me for data on Tahoe Donner Condos or data for other Truckee areas.
Tahoe Donner is a great area to study for market activity since it is has over 5000 homes and therefore presents a large database for statistical analysis. Home prices vary from roughly $300K to over $1.5M and ages range from over 30 years old to brand new. When considering a change in prices several factors should be considered instead of just dividing the total homes sales gross $ total by the number of units sold and saying prices are down by x % for example. Doing so is not giving buyers and sellers a true picture of the market. A couple of major considerations are that higher priced new home construction is obviously way down in the Truckee area (except for Martis Camp) and lenders have been making it very difficult to obtain Jumbo loans required for higher priced homes. The market is a bit different at this time – standard sales look strong but Short sales and REO’s will continue to put pressure on the sales prices.
Tahoe Donner Single Family Home Sales
Tahoe Donner Homes – Closings
Single Family home closings in January ’11 were 9 homes, down from 26 the last couple months. This is significant since sales in Tahoe Donner are extremely seasonal and year to year comparisons are significant to get a valid picture of sales activity.
Tahoe Donner Homes – Inventory
(# of Single Family listings) was 75 listings at the end of Jan. When you consider we have approximately 5000 single family homes in Tahoe Donner inventory continues to be low – 1.5% of the homes in TD. This low inventory is obviously a positive sign for the continued good health of the Tahoe Donner Market.
Tahoe Donner Homes – Days on Market (DOM)
Average Days on market (DOM) dramatically increased to 175 days from 78 last month and 98 the month before. Which looking at the above graph is considerably higher than the last several months and at a level that has been matched only a few other times in the last several years. I would attribute this to the lower inventory and the resulting success of sales of homes that have been on the market for some time.
Tahoe Donner – New Home Sales & Lot Sales
Regarding new home sales, there are still 7 on the market and not more expected before next summer. We have seen a slowdown in buildable lot sales and don’t expect this to pick up until spring when contractors, who have the courage to build a new home, are out looking for lots. The low inventory of saleable homes is obviously a good sign for builders and may spark lot sales this year.
Tahoe Donner Single Family Home Median and Average Home Price
Tahoe Donner Homes – Average and Median Prices
Average and median prices increased a bit this month. Nov was abnormal with the sale of a $1.33M home on Skislope Way and a $1.79M home on Glacier Way.
As mentioned in the introduction, one factor that has affected this price curve is a reduction of new high end new home construction activity in Tahoe Donner in 2009 and 2010. Another factor has been associated with the difficulty of obtaining Jumbo Loans. This has tended to keep single family (SF) home pricing a bit lower until. Since we are getting some recent new home activity and financing has loosened up a bit and with the low inventory, one can expect that prices should not see much downward pressure, if any, in 2011. This is another good sign of a strong market because prices tend to be holding in even without a significant number of more expensive new homes coming on the market. For sellers, the low inventory is great and for buyers don’t be too hopeful that prices will drop if you wait.
Sold to Ask Price
The sold to last listing price for Jan was 95%.
Price per Sq Ft
The average price per square foot for January was $259
I hope this data for Tahoe Donner Homes, presented in this form, is useful to you. For an instant update, or a discussion about Tahoe Donner 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.
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Gary LaBelle |
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(530) 448-1100 cell
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Chase International |
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The Leader in Luxury Real Estate |
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Truckee Shared Ownership, Truckee Real Estate
January 24, 2011
Truckee Shared Ownership
Shared ownership is an increasingly popular form of second home ownership that has been growing significantly in the Tahoe/Truckee area. Shared or fractional ownership allows owners to own a home at a much lower price point and use a given amount of time at the property each year. Most properties (homes or condos) are professionally managed and maintained leaving little for individual owners to worry about. Shared ownership provides a great opportunity to own a second home at a fraction of the cost of whole ownership.
Truckee Shared Ownership at Northstar
Click here for current shared ownership homes and condos listed for sale at Northstar at Tahoe. Northstar at Tahoe is an exciting, 4 season location for a second home. Free shuttles provide transport within the resort and there are multiple restaurants and shops to keep everyone busy.
Let me know if I can provide more information or schedule a showing for you. Gary LaBelle 530-448-1100
Truckee Shared Ownership – Old Greenwood
January 24, 2011
Truckee Shared Ownership News
Tahoe fractional sales volume up, but values down in 2010
Sales of fractional real estate in the Lake Tahoe area during 2010 saw a saw a 62 per cent increase in sales volume, but a 60 per cent decrease in average overall sale prices.
Old Greenwood Shared Ownership
Abby Moran of Tahoe’s Old Greenwood resort said: “This drop was primarily caused by a couple of very distressed sales, as well as a couple bank-owned foreclosure sales.”
“Through the beginning of the New Year, there continues to be a decline in list prices and sold prices, although most of the very lowest priced townhomes sold in 2010. With little now available in townhomes, 2011 should be the year for cabin, particularly due to the broad representation of primary use periods on the market and aggressive pricing of several sellers. The average days on market increased from 2009 to 2010, most likely due to the relative scarcity of owner listings in 2009 and prior, compared to an increase in listings in 2010. However, as of today, the percentage of all Old Greenwood fractional owners listed for sale is still below 9%, which, for any community, is a very low number in today’s market. This is a good sign for the strength of Old Greenwood fractional ownership in general, and will allow current listed properties to thin out a bit and stabilize at a lower percentage of total ownership on the market for sale,” added Moran.
Contact me if you would like to visit or hear more about these properties. Gary at 530-448-1100
Tahoe Donner Homes – Lake Tahoe Real Estate
January 12, 2011
Tahoe Donner Homes – Single Family Home Sales – December 2010
The following Figure shows Tahoe Donner Single Family Home activity from Jan 2008 through December 2010.
The data is obtained from the Tahoe MLS published data. Note, these graphs are for single family homes only – contact me for data on Tahoe Donner Condos or data for other Truckee areas.
December was another good month for sales. Inventory is low, sales are strong and prices are holding in as they have for the last couple years. Tahoe Donner is a great place to buy and enjoy the Truckee life!
Tahoe Donner Homes - Dec 2010 Sales
Tahoe Donner Single Family Home Sales
Single Family home sales in December ’10 were 26 homes. This is significant since sales in Tahoe Donner are extremely seasonal and year to year comparisons are significant to get a valid picture of sales activity. Inventory (# of Single Family listings) was 92 listings at the end of Dec. When you consider we have approximately 5000 single family homes in Tahoe Donner inventory continues to be low – 1.8% of the homes in TD. This low inventory is obviously a positive sign for the continued good health of the Tahoe Donner Market.
Average Days on market (DOM) decreased to 78 days from 98 days – which looking at the above graph is still lower than last year and toward the low end for the last couple years. This means that homes in Tahoe Donner are typically selling in approximately 9 weeks or less. Great news!
Single family home sales were 26 homes, up from 19 last month. This is about equal to the Nov-Dec sales for last year. Regarding new home sales, there are still 7 on the market and not more expected before next summer. We have seen a slowdown in buildable lot sales since we are at the end of the 2010 building season.
Tahoe Donner Homes - Dec 2010 Sales
Tahoe Donner Single Family Home Median and Average Home Price
One can see that the average and median prices fell off a bit this month. Last month’s average was skewed with the sale of a $1.33M home on Skislope Way and a $1.79M home on Glacier Way in Nov.
One factor that has affected this price curve is a reduction of new high end new home construction activity in Tahoe Donner in 2009 and 2010. This has tended to keep single family (SF) home pricing a bit lower until Nov. where we had a couple high end homes sell. Since we are getting some recent new home activity, one can expect that prices could stay a bit higher over the next few months. This is another good sign of a strong market because prices tend to be holding in even without a significant number of more expensive new homes coming on the market.
A few other statistics – average sq footage was 2293, $ per sq ft average was $230 and sold price to last revised listed price was averaging 96%.
Tahoe Donner Condo Sales
There were 7 condo sales in Tahoe Donner in Dec 2010. The average price was $196K and the median price was $198K. Days on market (DOM) averaged 175 days and $ per square foot is averaging $199. Average sold to last list price was 90%.
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 or email me if you have any questions or to request additional data.
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Gary LaBelle |
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(530) 448-1100 cell |
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Chase International |
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The Leader in Luxury Real Estate |
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Tahoe Donner Homes, Truckee Real Estate, Lake Tahoe Homes
January 2, 2011
As of 12/31/10, there were 10 single family reported home sales in Tahoe Donner for December. The numbers may change slightly as the final data is reported.
The data indicates that days-on-market (DOM) was an average of 52 days for the 10 sales – excellent results!
Average price was $660K and the median price was $613K. Last months graphs are included for comparison purposes. Days on market dropped significantly – well priced homes are moving quickly in Tahoe Donner.
Sold price to ask price ran about 97% so buyers are paying very close to sellers final listed price. Along with the fast 52 days on market this shows that the Tahoe Donner Market continues to show strength!
Final numbers will be published next week.
Contact me if you have any questions! Gary at 530-448-1100 or email TruckeeRealEstate@gmail.com
Tahoe Donner Dec 2010 Single family Home Sales
Truckee Home Staging – Sell your listing quickly!
December 28, 2010
If you are an agent with one or more listings, or a home seller considering selling your home, you can get a sellers edge by talking to Becky at TruckeeHomeStaging.com and get get some recommendations on how to improve the buyers appeal for your home.
Staging works – contact Becky for testimonials!
Becky LaBelle - Truckee Home Staging
Becky offers consultation services as well as furniture and accessories for complete Home Staging Services – email Becky at rebecca@truckeehomestaging.com with any questions you may have or to schedule an appointment.
Martis Camp Brochure
December 27, 2010
Check out this informative brochure about Martis Camp. Covers the area and activities – very nicely done.
Call me if you want to tour Martis Camp. Gary at 530-448-1100
Truckee Real Estate – Does an Open House Help Sell a Home?
December 26, 2010
Truckee Real Estate
It depends on where the home is ….
In my opinion, if the home is in Tahoe Donner, the answer is yes! There are approximately 5000 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 – and show it on the weekends!
Martis Camp – Strong Truckee Real Estate Sales
December 24, 2010
Information contained on this page is provided by companies via press release distributed through PR Newswire, an independent third-party content provider. PR Newswire, WorldNow and this Station make no warranties or representations in connection therewith.
SOURCE Martis Camp
With 54 homes and a $40 million clubhouse currently under construction, project continues to defy the U.S. real estate market
TRUCKEE, Calif., Dec. 15, 2010 /PRNewswire/ — Developers of Martis Camp, a highly successful private golf and ski community located in North Lake Tahoe, announced 62 property sales in 2010 totaling $53.7 million. This represents a 36% increase over sales transactions in 2009, and a performance that further demonstrates the strength and viability of this community, which continues to defy the high-end real estate market nationwide.
“In 2010 we sold 62 total properties – 57 developer home sites and five custom homes,” according to Martis Camp Sales Director Brian Hull. ”But the more compelling story is the large number of homes at Martis Camp that are finished and are under construction. A total of 54 homes are under construction and 25 others are already completed, ranging in price from approximately $1.7 million to more than $10 million with an average home price between $2.5 million and $3.5 million. This level of private residential construction activity is just unheard of in these unusual and challenging market conditions.” Since sales were launched in 2006, more than 293 home sites, representing approximately $245 million in land sales have been made.
Much of Martis Camp’s appeal to buyers comes from its design as a year-round, four-season family retreat, along with the fact that most of the amenities are already in place. In the winter, club members can enjoy direct ski access from the heart of Martis Camp to Northstar™-at-Tahoe Resort via the Martis Camp Express quad lift or cross country skiing on miles of groomed trails. In the summer, members enjoy exceptional golf on the 18-hole Tom Fazio-designed course, hikes through the pristine Tahoe forest and a full slate of concerts under the stars at the Martis Camp Amphitheater. An incredible variety of classes are offered year round at the Martis Camp Folk School, as is access to the quaint Lost Library.
The Family Barn is an award-winning, one-of-a-kind recreation and entertainment complex that anchors the 2,177-acre private gated community. With a summer swimming venue, bowling alley, art loft, movie theater, indoor basketball court, soda fountain and outdoor concert park, the Family Barn is the consummate venue for year-round gatherings and events. Owners view Martis Camp as a family playground offering unlimited access to the natural world with authentic experiences.
In addition to the strong momentum on the residential building front, Martis Camp’s new clubhouse, the Camp Lodge, is under construction and planned for opening in summer 2011. Situated on a 90-foot rock precipice, the Camp Lodge is an iconic architectural masterpiece modeled after the grand lodges of the West. There are a number of places in the Camp Lodge that feature up to 270-degree views of the Carson Range, Lookout Mountain and Sierra Crest allowing club members and guests the opportunity to relax and dine casually on the terrace or make an occasion of it in an elegant dining room with unforgettable vistas of the surrounding mountain ranges. The Camp Lodge will also feature a full-service day spa with a delightful menu of massage and therapeutic treatments, outdoor lap and vitality pools, men’s and ladies’ locker rooms, fitness area and fully-stocked golf professional shop.
Martis Camp Golf Club #18 View From Tee Truckee, California
Martis Camp is growing rapidly thanks to a financially sound and responsible development team. DMB/Highlands Group, LLC, is comprised of two of the country’s premier recreational-residential community developers, DMB Associates and Highlands Management Group. In addition to Martis Camp, the team is responsible for the creation of Lahontan, a premiere North Lake Tahoe private golf club community. The DMB/Highlands Group track record of strength and stability provides security to owners and club members. “When folks come to North Lake Tahoe looking for property, Martis Camp appeals to both the heart and the head of the second home buyers like no other community. For those people who desire a 4-season lifestyle that appeals to all age groups, Martis Camp is unmatched,” says Hull. ”I believe our success as a community is closely tied to the idea and the demand for a “timeless” purchase. Our owners want something that’s useable year-round plus something every person in their family will enjoy that can be passed down through the generations.”
About Martis Camp
Martis Camp is a private, gated community that stretches across 2,177 pristine acres in North Lake Tahoe, Calif. The land plan allows for approximately 653 homesites with a mixture of estate lots averaging 1.7 acres in size and cabin lots averaging four-tenths of an acre in size. All residences are custom and follow the guidelines of the Architectural Handbook, which emphasize architectural creativity compatible with the mountain environment.
Martis Camp Club offers a vast array of amenities including the Family Barn complex with a summer swimming venue, bowling alley, art loft, movie theater, indoor basketball court, soda fountain and outdoor performance stage and amphitheatre; Martis Camp Club also offers members direct ski access from Martis Camp to Northstar-at-Tahoe™ Resort via the Martis Camp Express quad lift and an 18 hole Tom Fazio golf course; an 18-hole putting park designed by Dick Bailey; a planned Camp Lodge with dining venues, club spa and fitness center, locker rooms and vitality pools; Folk School; Lost Library; 26 miles of private trails for hiking, snowshoeing and cross-country skiing and a planned Warming Hut at the base of Lookout Mountain. www.martiscamp.com
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