Northstar, CA 96161 Current Real Estate Market Trends November 2013

Here are some current real estate market trends and data for the Tahoe ski resort community of Northstar in Truckee, California 96161 area for November 2013. This is my local view of how the Northstar community is really doing in the housing market.

The Northstar area is a popular second home luxury ski resort community in the North Lake Tahoe area offering great recreational amenities and close proximity to the Village at Northstar.

The Northstar area has recreational amenities such as a seasonal pool and spa area, tennis courts, 18 hole golf course, mountain biking (summer) and what the area is really known for their downhill ski resort.

The Northstar community offers a good selection of high-end luxury mountain homes, along with some smaller Tahoe homes, cabins, and a good assortment of condo options.

Over 38% of all sales in the luxury Northstar home market were above $1,000,000, which is a good signal that the Northstar and Truckee luxury markets are on the upswing.

The Northstar community, along with entire Truckee – Lake Tahoe area real estate market has improved.

Northstar sellers who have been waiting for better market conditions may find that now is a good time to sell. Northstar sellers can take advantage of the lower home inventories in the area, along with lower interest rates, and continued buyer demand for the Northstar area!

Current Real Estate Inventory in Northstar, Truckee, California 96161 for Single Family Home Sales, November 2013:

Northstar, Truckee, California 96161 Homes Available for Sale as of 11/18/2013:

24 Single Family Homes currently listed for sale – Standard Sale
1 Single Family Homes currently listed for sale – Short Sale
0 Single Family Homes currently listed for sale – Bank owned/foreclosed – REO (Real Estate Owned)
0 Single Family Home currently listed for sale – Court Approval
$475,000 to $4,950,000 is the Price Range of Single Family Homes listed for sale
$1,116,000 Average Median Listed Sales Price for Single Family Homes Currently on the Market for Sale
$1,398,812 Average Listed Sales Price for Single Family Homes Currently on the Market for Sale
289 DOM (Days on Market) for Single Family Homes on the Market for Sale

Northstar, Truckee, California 96161 Pending Home Sales as of 11/18/2013

6 Single Family Homes are Pending Sale – (Under Contract and in Escrow)
$629,000 – $1,250,000 – Price Range of Single Family Homes listed for sale
$819,000 – Average Median Listed Sales Price for Single Family Homes – Pending Sales
$864,500 – Average Listed Sales Price for Single Family Homes – Pending Sales
148 DOM (Days on Market) for Single Family Homes on the Market for Sale

Northstar, California 96161 Homes Sold for 2013 (01/01/2013 – 11/18/2013)

21 Single Family Homes Sold in 2013
$635,000 – $2,400,000 is the Price Range of Single Family Homes Sold in 2013
$830,000 Average Median Sold Sales Price for Single Family Homes – Sold (92.3% of List/Sold Price)
$1,066,784 Average Sales Price Sold for Single Family Homes – Sold (93.7% of List/Sold Price)
184 DOM (Days on Market) for Single Family Homes on the Market for Sale
33% were Cash Sales or 1 out of every 3 homes sold was a cash buyer

All of the Northstar data comes from the Tahoe Sierra Board of REALTORS® data base and is subject to change and/or correction without notice.

Northstar real estate market conditions are local. Talk to a local Tahoe real estate agent / Tahoe REALTOR® to get the most up-to-date neighborhood and market conditions if you are considering buying, or selling.

Thinking about making Northstar your second home? Check out these mountain homes that are for sale in Northstar here:

Want to see what Northstar condos or townhomes are available for sale? Check out the current listings here:

For all of your Tahoe real estate needs –

Laura A. Allen | 530.414.1260 | Laura@TahoeLaura.com
BROKER ASSOCIATE, Tahoe Real Estate Agent
CalRE# 01473598
Coldwell Banker, Tahoe City, CA CalRE#01908304

All information is deemed reliable, but is subject to change, and/or correction without notice.

Northstar, CA 96161 Current Real Estate Market Trends November 2013