Squaw Valley / Olympic Valley, California Real Estate Market Report – 3rd Quarter 2011
The Squaw Valley / Olympic Valley, California single family homes sales have bounced back in price up + 45.8%, but will fall short of the 21 homes sold in 2010.Cash sale transactions have increased in 2011 to more than 50% of all sales, and the number of homes going into escrow with in the first 30 days of being listed in the Tahoe Sierra Multiple Listing Service (TSMLS) has increased to 1 in every 4 sales.Distress sales (bank foreclosures- real estate owned (REO’s) and short sales) have more than doubled in 2011.
Sold Single Family Homes in Squaw Valley / Olympic Valley, California:
|
Year |
Homes Sold |
Median Average Sales Price |
Lowest Price Sold |
Highest Price Sold |
% Cash Transactions |
Homes into escrow with in 30 days of being listed in TSMLS |
% Distressed Sales |
Breakdown of distressed Sales |
|
2011* |
12 |
$1,312,500 |
$335,000 |
$3,375,000 |
58% |
25% 1 out of 4 |
50% |
2 REO’s 4 Short Sales |
|
2010 |
21 |
$900,000 |
$250,000 |
$4,850,000 |
43% |
20% 1 out of 5 |
24% |
4 REO’s 1 Short Sale |
*YTD period is 01/01/2011 – 09/30/2011. * Active listing totals do not include “active-contingent” listings.
The Squaw Valley / Olympic Valley, California condominium /townhouse real estate market has also turned positive with a small, but positive gain in price of +2.83%, and is on track to meet, or exceed the 50 units sold in 2010.Cash sale transactions have increased in 2011, to 91% of all sales, and the number of condo/townhomes going into escrow with in the first 30 days of being listed in the Tahoe Sierra Multiple Listing Service (TSMLS) has stayed steady at 44% or just short of 1 out of every 2 sales.Distress sales (bank foreclosures- real estate owned (REO’s) and short sales) have dropped to 28% of all sales.
Sold Condominium / Townhome in Squaw Valley / Olympic Valley, California:
|
Year |
Homes Sold |
Median Average Sales Price |
Lowest Price Sold |
Highest Price Sold |
% Cash Transactions |
Condos / Townhomes into escrow with in 30 days of being listed in TSMLS |
% Distressed Sales |
Breakdown of distressed Sales |
|
2011* |
43 |
$400,000 |
$139,500 |
$3,800,000 |
91% |
44% 1 out of 2 |
28% |
3 REO’s 9 Short Sales |
|
2010 |
50 |
$389,000 |
$115,000 |
$1,300,000 |
86% |
44% 1 out of 2 |
38% |
12 REO’s 7 Short Sales |
*YTD period is 01/01/2011 – 09/30/2011. * Active listing totals do not include “active-contingent” listings.
There were 23 Active – available homes for sale in Squaw Valley /Olympic Valley area as of 10/28/2011.They range in price from $485,000 to $4.9 million.Of the 23 offered for sale, 2 are short sales and there are no REO listings.There are three sales pending in this high-end luxury home sales market ranging in listed price from $800,000 to $4.9 million.
To see a list of all active homes for sale in Squaw Valley / Olympic Valley click here!
There were 44 Active – available condominium / townhomes for sale in the Squaw Valley /Olympic Valley area as of 10/28/2011.They range in price from $485,000 to $4.9 million.Of the 44 offered for sale, 6 are short sales and there are no REO listings.There are eleven condo sales pending in this ski resort community ranging in listed price from $139,000 to $895,000.
To see a list of all active condominium / townhomes for sale in Squaw Valley / Olympic Valley click here!
are based on information from the Tahoe Sierra Board of Realtors (TSMLS). Due to TSMLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Laura Allen, or Coldwell Banker Residential Brokerage does not guarantee the data’s accuracy. Data maintained by the TMLS’s may not reflect all real estate activity in the market. All information is deemed to be reliable, but is subject to change and/or correction without prior notice.Data Source – Tahoe Sierra Multiple Listing Service (TSMLS).If your property is currently listed for sale, or you have an active Buyer Representation Agreement, this is not intended as a solicitation.
Overview and summary completed by:
Laura A. Allen | 530.414.1260 | Laura@TahoeLaura.com
BROKER ASSOCIATE, Tahoe Real Estate Agent
CalRE# 01473598
Coldwell Banker, Tahoe City, CA CalRE#01908304
