Archive for the ‘North Lake Tahoe Real Estate’ Tag

Tahoe and Truckee Real Estate Market Update 2014   Leave a comment

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Sunny day skiing at Lake Tahoe

North Lake Tahoe-Truckee Region

 Residential Properties – Single Family Homes and Condominiums

Period:  February 16th to February 28th

Residential Sales Summary 2014

Total Sales:  Through the end of February there have been 142 residential properties sold in the market.  For the same period in 2013, there were 152 residential properties sold which is a year over year decrease in sales of almost (7%).  Of the total sales in the market this year, 104 were single family homes, while 38 or 27% of the sales were condominiums.  In 2013 there were 111 single family homes sold and 41 condominiums sold for the same period which represented 37% of the sales.  Coldwell Banker ranks as the market leader year-to-date in both total units sold, 50 and total sales volume, $29 million.

REO & Short Sales:  For 2014 thus far, short sale properties closed have gone down (74%) with 7 closed short sales in 2014 as compared to 27 closed short sales in 2013.  REO properties closed in 2014 have gone up 9% with 12 properties closed in 2014 as compared to 11 properties closed in 2013.  Overall, distressed property sales, (REO and Short Sales) represent 13% of the sales in 2014 which is significantly less than the 25% in 2013.

Median and Average Sales Prices:  The median sales price for residential properties for 2014 stands at $561,250 which is up 51% from 2013 where the median sales price was $370,000 for the same period.  The average sales price has gone up 6% to $774,428 as compared to last year’s average price of $728,032 for the same period.

Sales by Price Range or Market Segment:  For the year, there have been 66 residential properties sold at a price below $500,000, 48 properties sold between $500,000 and $1,000,000 and 28 properties sold over $1,000,000.

The segment of the market with the highest level of sales activity are homes priced under $500,000 as over 46% of the sales or 66 properties have sold in this price range.  In 2013 for the same period, there were 99 properties sold in this price range which represented 65% of the sales.

Luxury home sales, homes priced above $1,000,000 have gone up 40% from 2013 which is the largest growing segment of the market for the year on a percentage basis.  There have been 28 luxury properties sold in 2014 as compared to 20 properties sold last year for the same period.  The median sales price for luxury properties in 2014 thus far is $1,667,500 as compared to a median price of $1,813,000 in 2013 which is down (7%).  The average sales price of luxury homes in 2014 is $1,902,839 as compared to $2,916,925 in 2013 which is down (34%).

The mid-range market sales, $500,000 to $1,000,000 are up 45% from last year with 48 properties sold in this segment or 34% of sales as compared to 33 properties sold or 21% of sale in this range in 2013.

Pending Sales:  The pending sales through the end of February 15th stood at 132 pending residential sales in the market which is up slightly from the last report where we had 125 pending sales.

Active Residential Inventory Summary:

Active Listings:  The current inventory of residential properties stands at 611 properties for sale; 428 single family homes and 183 condominiums for sale.  From the last report on February 15th, inventory rose 2% which is great for this time of year.  For the same period in 2013, the active inventory was at 510 residential properties which is a 20% increase in inventory from last year to this year.  Coldwell Banker has over 13% of the active listings in the market and continues to be the market leader for listings.  Of the active listings, there are only 2 properties listed as short sales, and only 2 properties listed as an REO sale.

 

THERE ARE STILL GREAT BUYING OPPORTUNTIES:  With current inventory levels there remain many quality properties to choose from throughout the north Lake Tahoe and Truckee area.  When you compound the inventory available with homes priced at 10-year lows and favorable interest rates, savvy real estate investors are taking advantage of this market and acquiring homes in many of the Lake Tahoe and Truckee resort communities.

                                                          Think of me, Lynn Richardson, for all of your Truckee/Tahoe real estate needs

A New Year and New Real Estate Market Stats   Leave a comment

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                  blog post market stats

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New 2014 North Lake Tahoe-Truckee Real Estate Market Statistics – Year End Review Jan. to Dec. – 2012 vs 2013.

Go here to see the new stats:

https://yourfriendinhighplaces.wordpress.com/north-lake-tahoe-truckee-real-estate-market-stats/

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I’ve also added a new page to the blog for all the new graphs showing sales figures comparing years 2004 through 2013.  Go to this link to view all the info.

https://yourfriendinhighplaces.wordpress.com/market-results-2004-2013/

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Think of me, Lynn Richardson, for all of your Tahoe/Truckee Real Estate Needs

This just might be it…the world’s greatest Nordic skier house!   Leave a comment

8474 Hillside Hi Res Print-1

8474 Hillside, Serene Lakes

 

If you searched the world over, you would be hard pressed to find a better house for the cross-country skier. Before we even get to the house, which is incredible, let’s consider the location. About 100 yards from 8474 Hillside Drive is Royal Gorge, the nation’s largest cross-country ski resort. Royal Gorge is receiving high marks from skiers after a new owner and new management team from Sugar Bowl took over last year. From the lodge you can head out to Point Moriah and witness the 4000 foot drop into the Royal Gorge itself, or you could head towards The Wall and check out the sublime view of Devil’s Peak. Actually you can ski there for a week, and never get tired of all the good skiing. And to make it even better, you are going to have plenty of time to enjoy all that skiing, because this area is blessed with bounteous quantities of the white stuff.

8474 Hillside Hi Res Print-3

Great room

Now that your interest is piqued, it gets even better: The house is awesome.  We can start where only any skier would start. In the waxing room. That’s right. This place has it’s own waxing room. It’s a skiers dream.

8474 Hillside Round 2 Lo Res-21

Ski tuning room

Then we see the rest of the home. With interior stairs, partially covered decks, enclosed hot tub and gently sloping driveway this place is designed to make life easier when the snow flies. The spectacular great room is cheery and loaded with light. The soaring ceiling and numerous windows offer lovely forest views. Then there’s an oversized garage for toys, boat, snowmobiles etc, dumbwaiter, hydronic heat, fun reading/sleeping nooks and an observatory for star gazing! Whew.

8474 Hillside Hi Res Print-10

Rear deck

All in all you get a hefty 2500 square feet of living space, with 3 bedrooms and 2.5 baths in this custom built home that was built in 2002. Even if you are not a Nordic fanatic this home is a great place to be (yeah, yeah, Sugar Bowl is just down the road a piece), but of course if your winter world revolves around skating up steep hills and gliding across mountain meadows…then this place is your big piece of heaven. Perhaps the world’s greatest piece of Nordic heaven.   No matter what you love about the mountains this property is definitely worth a look!   $799,000

YOUR FRIEND IN HIGH PLACES

Lynn Richardson . Coldwell Banker Real Estate . Lake Tahoe & Truckee

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便利に安全に利用できる出張買取!時計を高く売るための方法

Lynn Richardson . Coldwell Banker Real Estate . Lake Tahoe & Truckee

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