The Market
Monitor
February 3, 2010
Re:
Dear Client;
Market Overview
The market continues to be very vibrant and the residential inventory is very low. Northstar, Tahoe Donner, Truckee and Squaw Valley were very active. The strong market of 2009 has continued into 2010.
Tahoe Donner
There were 25 homes. There are only 97 homes currently for sale in Tahoe Donner
Lahontan/Martis Camp/Timilick
There were 2 home sales in Lahontan.
Old Greenwood/Grays
Crossing
There were 4 home sales in Grays Crossing.
Northstar
There were 17 home and condo sales. Northstar has been on fire.
Glenshire/Sierra Meadows/Prosser/Donner Lake
There were 42 home sales. That is a very active market for January.
Squaw Valley / Alpine
Meadows
There were 11 sales in Squaw.
If you would like more detailed information or specific information related to your property, please do not hesitate to call.
If you know anyone that we can assist to become an owner in
our beautiful area and be one of your neighbors, please let us know. If there
is anything we can do to help you with your business, we would like to know.
Thank you for your support and referrals.
Sincerely,
Bob and Nancy
The
Keller Williams Boice Realty
|
New Escrows for
January 2010 |
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|
Price Range |
73-91 Homes |
92 - 2008 Homes |
New Homes |
Condos |
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|
99-224 |
0 |
|
0 |
|
0 |
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0 |
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225-249 |
0 |
|
0 |
|
0 |
|
1 |
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250-274 |
0 |
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0 |
|
0 |
|
0 |
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275-299 |
0 |
|
0 |
|
0 |
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0 |
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300-324 |
0 |
|
0 |
|
0 |
|
0 |
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325-349 |
1 |
|
1 |
|
0 |
|
2 |
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350-399 |
2 |
|
2 |
|
0 |
|
0 |
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400-499 |
3 |
|
3 |
|
0 |
|
3 |
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500-599 |
1 |
|
1 |
|
0 |
|
0 |
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600-699 |
1 |
|
1 |
|
0 |
|
0 |
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700-799 |
0 |
|
0 |
|
0 |
|
0 |
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800-899 |
0 |
|
0 |
|
0 |
|
0 |
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900-999 |
0 |
|
0 |
|
0 |
|
0 |
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|
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|
|
|
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|
1,000,000 Plus |
0 |
|
2 |
|
1 |
|
0 |
|
Total Sales |
8 |
10 |
1 |
6 |
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|
% of Total Sales |
32.00% |
40.00% |
4.00% |
24.00% |
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|
Current Listings |
25 |
46 |
5 |
20 |
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|
% of Total Listings |
26.04% |
47.92% |
5.21% |
20.83% |
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|
Price |
LOT SALES |
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|
0 - 100 |
0 |
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101 - 150 |
0 |
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151 - 200 |
0 |
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201-250 |
0 |
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251-350 |
0 |
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351-400 |
0 |
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401-550 |
1 |
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Total |
1 |
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|
Yearly Tahoe Donner
Home Sales |
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|
JAN |
FEB |
MAR |
APR |
MAY |
JUN |
JUL |
AUG |
SEP |
OCT |
NOV |
DEC |
Total |
|
|
2007 |
|||||||||||||
|
Inventory |
134 |
131 |
133 |
160 |
197 |
217 |
227 |
228 |
211 |
169 |
153 |
149 |
|
|
Sold |
14 |
21 |
19 |
24 |
15 |
17 |
12 |
8 |
20 |
27 |
20 |
12 |
209 |
|
New List |
48 |
28 |
37 |
69 |
64 |
49 |
47 |
42 |
32 |
38 |
20 |
30 |
504 |
|
Escrows* |
20 |
18 |
17 |
14 |
13 |
11 |
10 |
27 |
17 |
22 |
13 |
4 |
186 |
|
Sales/List |
42% |
64% |
46% |
20% |
20% |
22% |
21% |
64% |
53% |
58% |
65% |
13% |
37% |
|
2008 |
|||||||||||||
|
Inventory |
152 |
159 |
167 |
161 |
197 |
212 |
228 |
204 |
178 |
178 |
152 |
147 |
|
|
Sold |
9 |
13 |
17 |
18 |
13 |
22 |
19 |
24 |
22 |
30 |
11 |
13 |
211 |
|
New List |
37 |
38 |
41 |
34 |
71 |
44 |
58 |
45 |
40 |
32 |
29 |
18 |
487 |
|
Escrows* |
18 |
19 |
13 |
15 |
18 |
14 |
19 |
22 |
28 |
12 |
10 |
10 |
198 |
|
Sales/List |
49% |
50% |
32% |
44% |
25% |
32% |
33% |
49% |
70% |
38% |
34% |
56% |
41% |
|
2009 |
|||||||||||||
|
Inventory |
147 |
156 |
158 |
168 |
173 |
186 |
197 |
200 |
181 |
160 |
115 |
112 |
|
|
Sold |
9 |
16 |
15 |
19 |
16 |
18 |
26 |
21 |
29 |
35 |
20 |
37 |
261 |
|
New List |
34 |
31 |
36 |
44 |
55 |
50 |
46 |
53 |
41 |
29 |
16 |
17 |
452 |
|
Escrows |
21 |
16 |
17 |
25 |
26 |
30 |
20 |
29 |
41 |
33 |
45 |
25 |
328 |
|
Sales/List |
62% |
52% |
47% |
57% |
47% |
60% |
43% |
55% |
100% |
114% |
281% |
147% |
73% |
|
2010 |
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|
Inventory |
96 |
||||||||||||
|
Sold |
13 |
13 |
|||||||||||
|
New List |
20 |
20 |
|||||||||||
|
Escrows |
26 |
26 |
|||||||||||
|
Sales/List |
130% |
130% |
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|
Average Price |
Median Price |
Highest |
Lowest |
Average Days on Market |
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|
2007 |
|||||||||||||
|
Existing Homes |
$697,197 |
$650,000 |
$2,465,000 |
$220,000 |
103 |
||||||||
|
New Homes |
$999,500 |
$795,000 |
$1,900,000 |
$508,000 |
181 |
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|
2008 |
|||||||||||||
|
Existing Homes |
$651,755 |
$615,000 |
$1,450,000 |
$195,000 |
99 |
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|
New Homes |
$1,134,067 |
$1,185,750 |
$1,850,000 |
$508,000 |
190 |
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|
2009 |
|||||||||||||
|
Existing Homes |
$563,020 |
$525,000 |
$1,599,900 |
$99,900 |
106 |
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|
New Homes |
$738,118 |
$700,000 |
$1,275,000 |
$350,000 |
239 |
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|
2010 |
|||||||||||||
|
Existing Homes |
$379,688 |
$376,500 |
$495,000 |
$279,000 |
51 |
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|
New Homes |
$699,000 |
$699,000 |
$699,000 |
$699,000 |
26 |
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|
Land Sales |
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|
2007 |
|||||||||||||
|
Inventory |
46 |
49 |
55 |
61 |
65 |
72 |
73 |
76 |
73 |
64 |
54 |
45 |
|
|
Sold |
1 |
1 |
2 |
6 |
1 |
5 |
1 |
3 |
2 |
1 |
0 |
0 |
23 |
|
New List |
6 |
14 |
13 |
15 |
21 |
10 |
8 |
11 |
3 |
6 |
4 |
4 |
115 |
|
Escrows |
3 |
1 |
5 |
1 |
3 |
0 |
3 |
2 |
1 |
0 |
0 |
2 |
21 |
|
Sales/List |
50% |
7% |
38% |
7% |
14% |
0% |
38% |
18% |
33% |
0% |
0% |
50% |
18% |
|
2008 |
|||||||||||||
|
Inventory |
37 |
34 |
38 |
47 |
57 |
64 |
71 |
72 |
71 |
69 |
58 |
48 |
|
|
Sold |
3 |
1 |
1 |
1 |
1 |
1 |
0 |
4 |
1 |
0 |
3 |
1 |
17 |
|
New List |
5 |
3 |
9 |
12 |
10 |
15 |
11 |
6 |
4 |
9 |
5 |
5 |
94 |
|
Escrows |
1 |
2 |
2 |
1 |
1 |
0 |
2 |
0 |
0 |
2 |
1 |
1 |
13 |
|
Sales/List |
20% |
67% |
22% |
8% |
10% |
0% |
18% |
0% |
0% |
22% |
20% |
20% |
14% |
|
2009 |
|||||||||||||
|
Inventory |
49 |
56 |
62 |
59 |
60 |
61 |
59 |
49 |
49 |
42 |
37 |
32 |
|
|
Sold |
1 |
1 |
1 |
0 |
1 |
1 |
1 |
1 |
1 |
2 |
2 |
0 |
12 |
|
New List |
4 |
7 |
10 |
3 |
7 |
7 |
5 |
3 |
4 |
4 |
2 |
18 |
74 |
|
Escrows |
2 |
0 |
0 |
1 |
0 |
1 |
2 |
1 |
0 |
2 |
0 |
2 |
11 |
|
Sales/List |
50% |
0% |
0% |
33% |
0% |
14% |
40% |
33% |
0% |
50% |
0% |
11% |
15% |
|
2010 |
|||||||||||||
|
Inventory |
36 |
||||||||||||
|
Sold |
1 |
1 |
|||||||||||
|
New List |
7 |
7 |
|||||||||||
|
Escrows |
1 |
1 |
|||||||||||
|
Sales/List |
14% |
14% |
|||||||||||
|
Average and Median Lot
Sales Prices |
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|
Average Price |
Median Price |
Highest Price |
Lowest Price |
Average Days on Market |
|||||||||
|
2007 |
$282,802 |
$285,000 |
$399,000 |
$160,000 |
119 |
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|
2008 |
$260,234 |
$250,000 |
$390,000 |
$130,000 |
126 |
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|
2009 |
$144,417 |
$148,750 |
$400,000 |
$7,500 |
77 |
||||||||
|
2010 |
$56,500 |
$56,500 |
$56,500 |
$56,500 |
427 |
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|
NOTE: Figures shown are from |
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|
Inventory |
>Existing Inventory |
January 1, 2007 to January
31, 2010 |
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|
Sold |
>Closed Escrows which
represent a sale |
representation is based in
whole or in part on data |
|||||||||||
|
30 to 90 days earlier |
supplied by the Tahoe Sierra
Board of REALTORS, |
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|
New List |
>New listings that came
on the market that month |
Inc. or its MLS. Neither the Board nor its Multiple |
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|
Escrows |
>Escrows that opened that
month ( *includes condos) |
Listing Service guarantees
or is in any way |
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|
Existing Homes |
>Homes that are at least
two years old |
responsible for its accuracy.
Data maintained |
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|
New Homes |
>Homes built in current
year and previous year |
by the Board or its MLS may
not reflect all real |
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|
Days on Market |
>Time from initial
listing to opening of escrow |
estate activity in the market. |
|||||||||||
|
>Homes built in current
year and previous year |
|||||||||||||
|
>Time from initial listing
to opening of escrow |
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|
Homes |
>Includes homes and
condos |
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