January-February 2012 Newsletter
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| Homeowner Info 2nd Homes & Your Taxes  |
Happy New Year!
Happy New Year to you and yours! We’re very optimistic about the year ahead for real estate. We have run across a great article that we would highly suggest you take a look at. It’s from CNBC, discussing the resurgence in second home sales, particularly in California. Take a look! http://video.cnbc.com/gallery/?video=3000064473
As we begin a new year, there are some indices to pay attention to as we look ahead. While year-over-year home price measurements notched down in 2011, prices are expected to see a slight uptick in 2012, according to *Clear Capital (based here in Truckee). Should the valuation company’s predictions ring true, it would be the first time since 2006 that the change in annual home prices has landed in positive territory. Data released by Clear Capital on January 9th shows year-over-year, national home prices dropped 2.1 percent in 2011. For 2012, the company projects a slight gain of 0.2 percent. Not much, but headed in the right direction! (Click the graph images below to see popup windows with larger images.)
* Clear Capital (www.clearcapital.com) is a premium provider of data and solutions for real estate asset valuation and risk assessment for large financial services companies.
Community News
The big news around here is the merger of Alpine Meadows and Squaw Valley USA. This was announced in December. It’s been rumored for years, and now, season passes and lift tickets will work at both ski resorts starting this winter.
The deal allegedly was initiated last winter on the chairlift, in what started as a conversation between Squaw Valley president and CEO Andy Wirth and Todd Chapman, president and CEO of JMA Ventures, the company that owns Alpine Meadows. More info can be found at Tahoe Super Pass information.
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| Buyer Info Women Homebuyers
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| Recipe of the Month
Getting ready for a Superbowl Party? Here’s some ideas.
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Current Events |
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The GREENS Dickson Realty
11500 Donner Pass Rd
Truckee, CA 96161
Office/Fax:
530-550-5021 |
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Tahoe Donner Market Trends – 3rd Quarter 2011
Tahoe Donner Summary (Complete Report)
Inventory Decreased. The number of listings for Tahoe Donner single family homes for sale in the Tahoe Sierra MLS was 130 as of Nov. 21, 2011. This represents a decrease over the beginning of last quarter, a 10.3% decrease in inventory of single family homes. This decrease in inventory is pretty usual for this time of the year as homes have been taken off the market to be ski leased for the winter season.
Lower priced homes are continuing to sell the best.The median sales price for single family homes in Tahoe Donner for July 2011 through September 2011 was $500,000. This represents an increase of 6.6%, or $31,000, compared to the prior quarter. The median sales price for single family homes was $525,000 during the same period in the prior year (3rd Quarter 2010), thus we experienced a 4.8% decrease compared to the 3rd quarter of 2010. We still have lots of buyers looking for homes in the lower price ranges.
Market Activity increase. The number of single family homes sold in Tahoe Donner, as recorded in the Tahoe Sierra MLS, for July 2011 through September 2011 was 67 homes. This represents an increase of 48.9%, or 22 homes, compared to the prior quarter and an increase of 6.3%, or 4 homes, compared to the same period in the prior year. Often we see an increase in market activity during the 3rd quarter of year each year, over the activity in the 1st and 2nd quarters. This year the activity stayed pretty even through the 1st and 2nd quarters and didn’t really increase until this 3rd quarter.
Homes are selling at about 96.7% of their asking price. The average listing price for single family homes in Tahoe Donner for July 2011 through September 2011 was $562,370. This represents an increase of 6.3%, or $33,383, compared to the prior quarter and a decrease of 2.7% compared to the same period in the prior year. Single family homes in Tahoe Donner sold at an average of 96.7% of their last listed price, during July 2011 through September 2011, compared to the same period in the prior year when the homes were selling at an average of 95.7% of their last listed price.
Increase in the average $/sq.ft. of sold homes. Average price per square foot for Tahoe Donner homes sold during the 3rd Quarter was approx. $258, an increase of 4.5% (at $247/sq.ft.) as compared to last quarter (2nd Qtr 2011), and a decrease of 4.4% (at $270/sq.ft. in Q3 of 2010) as compared to the same period last year. Basically, the average $/sq.ft. for sold homes has seesawed up and down almost each quarter for the last few years, with a general downward trend. Note: If you are a buyer of property, please remember that the sold price/sq.ft. is generally higher for smaller homes and lower for larger homes.
Tahoe Donner Market Trends – 2nd Quarter 2011
Tahoe Donner Summary (Complete Report)
Inventory Increased. The number of listings for Tahoe Donner single family homes for sale in the Tahoe Sierra MLS was 145 as of July 6, 2011. This represents a significant increase over last quarter, a 59.3% increase in inventory of single family homes. This number is still a bit low compared to previous years at this time of the year. But, as expected, the large increase over the number of homes on the market during the 1st quarter that we’ve seen this quarter can be attributed to ski-leased homes coming on the market for sale and the usual general increase in inventory at this time of the year.
Lower priced homes are continuing to sell the best.The median sales price for single family homes in Tahoe Donner for April 2011 through June 2011 was $469,000. This represents a decrease of 8.4%, or $43,000, compared to the prior quarter. The median sales price for single family homes was $543,500 during the same period in the prior year (2nd Quarter 2010), thus we experienced a 13.7% decrease compared to the 2nd quarter of 2010. We still have lots of buyers looking for homes in the lower price ranges.
Market Activity staying the same. The number of single family homes sold in Tahoe Donner, as recorded in the Tahoe Sierra MLS, for April 2011 through June 2011 was 45 homes. Basically, the market activity for single family home sales has stayed the same as last quarter, but still represents a decrease of 6.5%, or 10 homes, compared to the same period in the prior year. Typically we see an increase in market activity during the 2nd quarter of year each year, over the activity in the 1st quarter, but this year it stayed pretty much the same in both quarters.
Homes are selling at about 94.7% of their asking price. The average listing price for single family homes in Tahoe Donner for April 2011 through June 2011 was $528,987. This represents a decrease of 7.3%, or $41,401, compared to the prior quarter and a decrease of 17.2% compared to the same period in the prior year. Single family homes in Tahoe Donner sold at an average of 94.7% of their last listed price, during April 2011 through June 2011, compared to the same period in the prior year when the homes were selling at an average of 95.9% of their last listed price.
Decrease in the average $/sq.ft. of sold homes. Average price per square foot for Tahoe Donner homes sold during the 2nd Quarter was approx. $247, a decrease of 2.4% (at $253/sq.ft.) as compared to last quarter (1st Qtr 2011), and a decrease of 11.5% (at $279/sq.ft. in Q2 of 2010) as compared to the same period last year. Note: If you are a buyer of property, please remember that the sold price/sq.ft. is generally higher for smaller homes and lower for larger homes.
Tahoe Donner Market Trends – 1st Quarter 2011
Tahoe Donner Summary (Complete Report)
Inventory Increased. The number of listings for Tahoe Donner single family homes for sale in the Tahoe Sierra MLS was 91 as of May 11, 2011. This represents a slight increase over last quarter, a 1.1% increase in inventory of single family homes. This number is low compared to previous years at this time of the year. But, as expected, we are starting to see the number of listings increase over the number of homes on the market during the winter/spring seasons.
Lower priced homes are continuing to sell the best.The median sales price for single family homes in Tahoe Donner for January 2011 through March 2010 was $512,000. This represents a decrease of 1.5%, or $8,000, compared to the prior quarter. The median sales price for single family homes was $502,000 during the same period in the prior year (1st Quarter 2010), that’s a 2.0% increase compared to this past quarter. We still have lots of buyers looking for homes in the lower price ranges.
Market Activity decrease. The number of single family homes sold in Tahoe Donner, as recorded in the Tahoe Sierra MLS, for January 2011 through March 2011 was 45 homes. This represents a decrease of 36.6%, or 26 homes, compared to the prior quarter and an increase of 18.4%, or 7 homes, compared to the same period in the prior year. The market activity has decreased during the last three quarters as compared to the previous quarter. It is fairly common to have a drop in market activity during the first quarter of year each year.
Homes are selling at about 95.7% of their asking price. The average listing price for single family homes in Tahoe Donner for January 2011 through March 2011 was $570,388. This represents a decrease of 6.4%, or $25,410, compared to the prior quarter and a decrease of 4.3% compared to the same period in the prior year. Single family homes in Tahoe Donner sold at an average of 95.7% of their last listed price, during January 2011 through March 2011, compared to the same period in the prior year when the homes were selling at an average of 93.1% of their last listed price.
Increase in the average $/sq.ft. of sold homes. Average price per square foot for Tahoe Donner homes sold during the 1st Quarter was $253, an increase of 3.3% (at $245/sq.ft.) as compared to last quarter (4th Qtr 2010), and a decrease of 0.8% (at $255/sq.ft. in Q1 of 2010) as compared to the same period last year. Note: If you are a buyer of property, please remember that the sold price/sq.ft. is generally higher for smaller homes and lower for larger homes.
Tahoe Donner Market Trends – 4th Quarter 2010
Tahoe Donner Summary (Complete Report)
Inventory Decreased. The number of listings for Tahoe Donner single family homes for sale in the Tahoe Sierra MLS was 90 as of Jan. 07, 2011. This represents a large decrease over last quarter at this time, a 41.2% decrease in inventory of single family homes. This decrease in inventory is pretty usual for this time of the year as homes have been taken off the market to be ski leased for the winter season.
Lower priced homes are continuing to sell the best. The median sales price for single family homes in Tahoe Donner for October 2010 through December 2010 was $520,000. This represents a decrease of 1.0%, or $5,000, compared to the prior quarter. The median sales price for single family homes was $610,750 during the same period in the prior year (4th Quarter 2009), that’s a 14.9% decrease compared to this past quarter. We still have lots of buyers looking for homes in the lower price ranges.
Market Activity increase. The number of single family homes sold in Tahoe Donner, as recorded in the Tahoe Sierra MLS, for October 2010 through December 2010 was 71 homes. This represents an increase of 12.7%, or 8 homes, compared to the prior quarter and a decrease of 11.3%, or 9 homes, compared to the same period in the prior year. The market activity has increased during the last three quarters as compared to the previous quarter.
Homes are still selling at about 95.4% of their asking price. The average listing price for single family homes in Tahoe Donner for October 2010 through December 2010 was $609,321. This represents an increase of 5.4%, or $31,485, compared to the prior quarter and a decrease of 8.9% compared to the same period in the prior year. Single family homes in Tahoe Donner sold at an average of 95.4% of their last listed price, during October 2010 through December 2010, compared to the same period in the prior year when the homes were selling at an average of 95% of their last listed price.
Decrease in the average $/sq.ft. of sold homes. Average price per square foot for Tahoe Donner homes sold during the 3rd Quarter was $245, a decrease of 9.3% (at $270/sq.ft.) as compared to last quarter (3rd Qtr 2010), and a decrease of 8.6% (at $268/sq.ft. in Q4 of 2009) as compared to the same period last year. Note: If you are a buyer of property, please remember that the sold price/sq.ft. is generally higher for smaller homes and lower for larger homes.
