Tahoe Donner® Real Estate, Davis Yoder Realty Group

530 550-5178, Fax: 530 550-5172, Toll Free: 800 959-8334, Email: sales@truckeeinfo.com

Truckee Real Estate Trends

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.

Truckee

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 Donner

The 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

Year # sales % change Total $ vol %
increase
Median price % increase Ave Price % increase
                 
2004
441
9.7% 258,852,418 27.26% 551,000 16.74% 586,967 16.01%
2003
402
16.18% 203,396,551 29.25% 472,000 13.73% 505,962 11.24%
2002
346
60.19% 157,370,846 66.54% 415,000 5.20% 454,829 3.97%
2001
216
-40.50% 94,495,023 -36.13% 394,500 2.47% 437,477 7.34%
2000
363
-18.24% 147,950,135 21.33% 385,000 54.77% 407,576 48.40%
1999
444
18.72% 121,941,000 36.74% 248,750 10.56% 274,640 15.18%
1998
374
20.65% 89,180,424 34.24% 225,000 238,450 11.27%
1997
310
13.14% 66,433,540 16.84% 214,302 3.27%
1996
274
14.17% 56,860,836 13.02% 207,521 -1.01%
1995
240
-9.77% 50,312,340 -7.45% 209,635 10.33%
1994
266
20.91% 54,361,830 20.27% 190,000 2.15%
1993
220
-1.35% 45,200,000 6.10% 186,000 3.91%
1992
223
15.54% 42,600,000 18.82% 179,000 -2.64%
1991
193
35,853,000 183,862
 
New Construction Sales Price per Square Foot
       
median % increase median size # sales
         
2004 $308 14.5% 2480 sf 43
2003 $269 5.08% 2624 sf 57
2002 $256 5.35% 2537 sf 51
2001 $243 23.35% 2495 sf 45
2000 $197 29.61%
1999 $152 12.59%
1998 $135 9.76%
1997 $123

Old Greenwood

(to be placed)

Lahontan

(to be placed)

Grays Crossing

(to be placed)

Click here for Recent Sales by the Davis Yoder Group