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Huntoon...Your Next Step in Real Estate

Monthly Newsletter - January 2012
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In This Issue
Click here for 2011 Tahoe Donner ANNUAL SALES STATISTICS

Hot Links to TD Listings

 

Mortgage Calculators

HAPPY NEW YEAR

Huntoon
Greetings,

 

We hope that all of you had a great holiday season and that your New Year is off to a super start. 

As you know, we are snow-less in Truckee. We are hiking, walking, running and mountain biking on dirt trails. So, pray for snow, dance for snow, wish for snow and dream of snow!

Hot off the press...check out the 2011 Annual Sales Stats for Tahoe Donner. (Data obtained from Tahoe Sierra MLS 12/31/2012).

 

Of special note ...we are proud to announce that Chase International has a beautiful new office in the Village at Squaw Valley and it probably comes as no surprise that a couple of days a week, Robbie is working in the Squaw office. You are more than welcome and encouraged to drop by anytime. 

 

Wishing all of you a Happy New Year,

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2011 Annual Real Estate Sale Stats for Tahoe Donner

statsHow Many Homes Sold in Tahoe Donner in 2011?  answer: 212 
 
Tahoe Donner single family home sales, in 2011, were down 43.76% when compared with sales in the booming market of 2004. Even more, sales were down 5% from last year (2010).

 

What Price Category is Hottest in Tahoe Donner? answer: under $500K 

In 2011, 87% of all the single family homes that sold in Tahoe Donner sold for under $750K and the majority of homes in TD sold for under $500K! Homeowners with listings in this competitive and sensitive price range have had to accommodate and transition with this challenging segment of the market. Buyers have been "shoppers" with no hesitations that they are "looking for a deal" and sellers have to had to make price drops to remain competitive with newer listings at lower prices. Very simply, a new listing priced at market value was seemingly overpriced a few weeks later. The lowest priced home sale in Tahoe Donner was $230K while the high end of the market topped out at $1.2 million.

 

What was the Median Sales Price in Tahoe Donner in 2011?
answer: $500,000

Median sale price tags are continuing to inch toward lower numbers. Since the "top of the market" in 2005, at a median sale price of $785K, median sale prices have decreased 36% to a median sales price of $500K. Further, the median sale price tags for 2011 are 15% lower than the "low benchmark" of 2004 ($589K) and 2011 median sale prices are down 4% from last year ($520K). It is important to understand that most buyers do alot of research. These days, with access to Zillow, Trulia, etc. buyers are studying the market, and the competition, to determine what a listing is worth to them. For the typical Tahoe Donner home, over pricing means your listing will sit on the market. You may get a low-ball offer or you may get no attention at all. If you have a unique home, even greater care must be taken to assure the right listing price. When we are asked to give a listing presentation we do not come with a price in hand. We meet with you, evaluate your house paying attention to the pluses and minuses and then we go back to our office and carefully look at comps. We study the "recent solds", pending listings as well as what's currently on the market. We create a plan for a seller and then recommend a price that we know is appropriate.
 
Are there alot of Short Sales and Foreclosures in Tahoe Donner? answer: NO!

There are some short sales and foreclosure sales in Tahoe Donner but probably not as many as you think! 84% of the single family home sales in Tahoe Donner were "standard" sales, 9% were short sales and 7% were foreclosure sales.


Which community in Truckee has the Biggest Market Share? answer: Tahoe Donner

Of the 578 single family homes that sold in Truckee, Squaw Valley, Alpine Meadows and Northstar, 37% (or 212) of these homes were sold in Tahoe Donner. Glenshire sales were 14% of the total sales while Donner Lake / Donner Summit were close behind at 13%.
2011 Annual Tahoe Donner Sales Stats for Lots & Condos
2011 TD Condo Sales = 35
Median List Price = $229,000
Median Sales Price = $220,000

2011 TD Lot Sales = 16
Median List = $79,000
Median Sales Price = $70,000
 

Specializing in Tahoe Donner & Squaw Valley Real Estate

 

Robbie Huntoon 530-412-0583 or Email Robbie   (DRE# 00840819)

Karen Huntoon  530-448-3624 or Email Karen   (DRE# 01392521)

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