Archive for the ‘Truckee’ Tag
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
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Here we go again. It’s time for Snowfest! North Tahoe and Truckee’s Winter Carnival. Ten days of races, parades, strange and bizarre events, and lots of chances to eat, drink and be merry.
This year the theme is “Bring back the 80s.” So head up to the attic and find that bright 80s ski gear and get ready to party. Everyone has their favorite Snowfest event they can’t wait to get back to year after year, and then of course it is fun to try something new and different as well.
The Old Favorites-
Begin your week by heading to Squaw Valley for the Torchlight Parade, Laser Light Show, Fireworks and Snowfest Queen Coronation on February 28th. Then don’t miss our home town funky parades in Tahoe City on March 1st and Kings Beach on March 8th. While sometimes it seems like there are more kids in the parade then watching it, that’s what makes it fun. After the Tahoe City Parade head on over to Garwoods to watch a large contingent of fools jump in Lake Tahoe and swim way too far out as part of the Polar Bear Swim.
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Then of course, if you get hungry you could hit the Sunnyside Luau on March 2nd for some delicious Hawaiian style fare, or get something that sticks to your ribs at The Bridgetender Rib Fest on March 7th.
Something New and Different
How about trying Granlibakken’s Gone Bonkers Kids Ski Race on March 2nd? There’s a course full of bumps and obstacles to make it interesting and fun for the little ones.
Or how about the Tahoe Mountain Man contest? Here is your chance to show off your skills at snow shoveling, climbing over berms and putting on chains.
After all that Mountain Man stuff it’s time for some pizza. Head off to Zano’s in Truckee for the Godfather Pizza Eating Challenge. Can you eat a four pound pizza all by yourself? Now is your chance to find out.
These are just a few of the fun things to become a part of over the next ten days. Go to www.tahoesnowfestival.com to check out the full calender of events.
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Also this week: Catch the last of the Alpenglow Mountain Festival.
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Thursday Feb. 27: Cross country ski tour with Grassechi from 9-10am at Tahoe City Winter sports Park. Nordic skills clinic from 1o:30am until noon. Alpenglow Sports Winter Wildlands Alliance Back-country Film Festival from 7-10pm.
Friday Feb 28: Cross country ski tour from 9-10am at Tahoe Cross Country and a Nordic skills clinic from 10:30am-noon. A beginners guide to cross country skiing from 7-9pm at Alpenglow Sports.
Saturday, March 1: Nordic demo day from 9am-3pm at Tahoe Cross Country
For more info, visit alpenglowsports.com
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ALSO: Don’t miss the last 3 events of the Rahlves Banzai Tour:
March 1-2 at Squaw Valley,
March 8-9 at Alpine Meadows and
March 15-16 at Sugarbowl. For more info, visit
http://www.rahlvesbanzai.com
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Think of me, Lynn Richardson, for all of your Truckee/Tahoe real estate needs
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From left to right- Meryl Davis & Charlie White (Ice Dancing), Mikaela Shiffrin (Alpine Skiing), Shani Davis (long track speedskating), J.R. Celski (Short Track Speedskating), Shaun White (Snowboarding…and now calls Northstar his home mountain), Tracy Gold (Figure Skating) and Ted Ligety (Alpine Skiing)
(Photo via NBC Olympics Facebook Page)
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While the Winter Olympics in Sochi will be fun for everyone to watch, for those of us with Tahoe-Truckee connections, we also have a big home team to get excited about. Six skiers and eight snowboarders with strong Tahoe connections will be competing for Gold in Sochi.
Tahoe-Truckee folks wish all the athletes a safe and incredible journey, and if you can bring home a bit of gold, silver or bronze, that would be some nice icing on the cake.
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SKIERS
Three time Olympic medalist Julia Mancuso, Marco Sullivan and Travis Ganong, were all born and raised Squaw Valley/North Tahoe kids who will be competing in Alpine events. Joining the Alpine team is Tim Jitloff from Reno, who started skiing Tahoe resorts when he was just a little tyke. David Wise from Reno, and Maddie Bowman from South Lake Tahoe, are coming off Gold medal performances in the recent X Games and now are on their way to Sochi to be a part of the first ever Olympic half-pipe skiing competition.
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3 Time Olympian Nate Holland
(Photo: NBC Olympics)
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SNOWBOARDERS
Truckee based Nate Holland and Olympic Gold Medal winner Hannah Teter, who lives in South Lake Tahoe, are the two senior members of the impressive Tahoe snowboarding contingent. Others include Tahoe transplants and Slopestyle racers Chas Guldemond, Ryan Stassel and Karly Shorr, as well as half-pipe competitor Danny Davis. Finally, the Tahoe snowboarding team is graced with South Lake Tahoe born and raised Slopestyler Jamie Anderson.
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NORDIC SKIERS
While there are no Tahoe cross-country skiers headed to Sochi, the Tahoe cross-country skiing community will be cheering on American’s Kikkan Randall and Jessie Diggins, who have a legitimate shot at medaling in cross-country this year. These two ladies came to Tahoe last spring to be a part of a program called Fast and Female, and made an incredibly positive impression on local girls who cross-country ski.
*For a full roster of the American Athletes competing in Sochi, their photos and profiles, go to this link for NBC Olympics:
http://www.nbcolympics.com/news/team-usa-who-has-qualified-2014-sochi-olympics?ctx=team-usa
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And don’t forget to follow the athletes at NBC Olympics on Facebook.
https://www.facebook.com/nbcolympics
(Many of the athletes have facebook pages as well. Great fun being taken along for the ride on their Olympic journey.)
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Think of me, Lynn Richardson, for all of your Truckee/Tahoe Real Estate Needs
Share this: Lynn Richardson, Your Friend in High Places
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