Northstar (Truckee), California Luxury Real Estate Market Report – 3rd Quarter 2011
Sold Single Family Homes in Northstar (Truckee), California:
The Northstar ski resort area single family home prices have dropped by -48% this year, but the volume of Northstar homes has already exceeded the number of homes sold in 2010.Cash sale transactions have increased to 54% of the Northstar home market.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 decreased to 1 in every 5 sales.Distress sales (bank foreclosures- real estate owned (REO’s) and short sales) accounted for 18.8% of all homes sold in 2011, which is an increase over last year.
There were 30 Active* – available homes for sale in the Northstar area as of 10/30/2011.They range in price from $459,950 to $3,250,000.Of the 30 homes offered for sale there are 2 REO listings and 2 short sales making up 13.3% of the available inventory.There are three (3) sales pending in this exclusive vacation-resort second home market ranging in listed price from $699,000 to $1,149,900.
Want to know what Northstar (Truckee), California homes are for sale?
Northstar (Truckee), California, Real Estate Summary for Sold Single Family Homes
|
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* |
22 |
$752,000 |
$452,500 |
$3,200,000 |
54% |
23% approximately 1 out of 5 |
18% |
3 REO’s 1 Short Sales |
|
2010 |
18 |
$1,454,250 |
$396,000 |
$3,000,000 |
44% |
33% 1 out of 3 |
21% |
1 REO’s 3 Short Sale |
*YTD period is 01/01/2011 – 09/30/2011.*Active listings totals do not include “active contingent” listings.
Sold Condominium / Townhome in Northstar (Truckee) California:
The Northstar condominium /townhouse real estate market has also declined by almost -42% in value this year.The total number of units sold may match the sales volume of 2010 if the current pending sales close by year-end.Cash sale transactions have declined slightly to 55.5%, or 1 out of every 2 condos sold.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 slightly increased to just 1 out of every 3 sales.The number of distress sales (bank foreclosures- real estate owned (REO’s) has doubled to 26% of all units sold in 2011.
There were 55 Active* – available condominium / townhomes for sale in the Northstar ski resort area as of 10/30/2011.They range in listed price from $205,000 to $2,395,000.Of the 55 condos offered for sale, only 1 is a short sale and 1 is a REO listing.There are 19 condominium pending sales in the Northstar market as 10/30/2011.
Want to know what Northstar (Truckee), California condominium / townhomes are for sale?
Northstar (Truckee), California Real Estate Summary for Sold Condominiums / Townhomes
|
Year |
Condos / Townhomes 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* |
27 |
$410,000 |
$170,000 |
$1,700,000 |
55.5% |
33.3% 1 out of 3 |
25.9% |
4 REO’s 3 Short Sale |
|
2010 |
44 |
$706,000 |
$219,614 |
$3,650,000 |
63.6% |
29.5% almost 1 out of 3 |
13.6% |
3 REO’s 3 Short Sales |
*YTD period is 01/01/2011 – 09/30/2011.*Active listings totals do not include “active contingent” listings.
Note:Year-to-date summaries 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
