530 550-5178, Fax: 530 550-5172, Toll Free: 800 959-8334, Email:
sales@truckeeinfo.com
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We have listed the price statistics for the housing market for our neighborhoods. Click on the report for area that you would like to see. For more information about specific trends in your community, or an individualized market analysis for your home, contact us. Sierra Lifestyles newspaper edition is a companion to our Sierra Lifestyles television show that features aspects of living in the Sierra and provides real estate and construction information. Truckee has certainly become the focal point for second home owner’s new residents and investors. The Truckee market has the most number of sales and dollar volume for the whole Tahoe area. South Lake Tahoe would be the closest rival. The Truckee market has a wide variety of properties to offer. The market is very tight especially in the price segment $400,000 to $600,000. We are currently working with buyers that are looking in all areas of Truckee. This is an excellent time to sell. The chart below shows the appreciation for the Truckee area of Glenshire, Sierra Meadows, Prosser and Donner Lake for the period Jan to October 15, 2004 for homes and condominiums.
The higher priced subdivisions of Lahontan, Old Greenwood and Gray’s Crossing and giving a lot of attention to Truckee and are pulling prices upwards. There are a few new subdivisions in the works that will provide homes and townhomes in the $400,000 to $600,000 range. Please call us for details and to get added to a reservation list. Many second home owners that we currently are working with are looking in neighborhoods outside of the traditional ones like Tahoe Donner and Northstar. If you require and detailed market information or are interested in consultation on your property, please give The Davis Yoder Realty Group a call at 530-582-3315 Tahoe DonnerThe State of the Tahoe Donner Market The Tahoe Donner real estate market has been very buoyant this year. The charts below show sales from Jan to Oct 15 of this year as compared to 2003. In analyzing the statistics you must take into account some factors unique to the subdivision. All homes are different and there is a wide spread in the value of the lots which can affect the overall price of the home 20% or more. The existing home gains in the average and median price are affected by the fact that new construction can not be offered in the $500,000 to $600,000 range unless they are condos. Therefore, the market has been very strong for existing homes under $700,000. The lower end of the market under $400,000 has been a wildfire and the prices of homes in the $300,000 to $450,000 range in 2003 had huge increases which are not reflected in the numbers below but do affect the average for the segment. The best barometer is new home sales. While the cost of land, materials and labor continues to escalate there is a ceiling on the market as the number of sales over $800,000 is limited. Tahoe Donner has the largest dollar volume and number of sales of any subdivision in the Tahoe area. Currently the inventory is as tight as it has been for this time of year, since we have been keeping records. It still is an excellent time to sell and we have a large number of buyers that are just waiting for a home to come on the market. Please do not think that winter puts a halt on the sales activity. In fact right now could be the best time of the year to sell your property. The lot market is almost non existent with only 12 single family lots offered for sale with a strong number of buyers. All homes and condos
Existing Homes
New Construction Homes
Condominiums
Yearly Sales History
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