The Market
Monitor
May 1, 2008
Re:
Dear Client;
Market Overview
The market continues to chug along. Buyers have done very well with their purchases as we have seen some exceptional deals and homes selling at less than replacement cost and land selling at a tremendous discount to several years ago.
The number of closed sales is down 30%, the dollar volume down 25% and the median sales price for residential up 8%.
The current buyer activity is normal for this time of year and things will be quiet for the next 2 months.
Tahoe Donner
The number of home sales was pretty close to the 2007 number and inventory is now pretty much the same as 2007. There were 3 sales over $1 million and below $1.2 million. The sales to list ratio is still very low so no indications of any changes in the market.
There was 1 lot sale.
Lahontan
There were no home sales and 1 lot sale at $255,000.
Old Greenwood/Grays
Crossing
There were no home sales and 2 lot sales in Grays Crossing.
.
Northstar
There were 3 home sales and 1 condo sale. All were in the lower price ranges. Additionally there were 2 Ritz Carlton sales
Glenshire/Sierra
Meadows/Prosser/Donner
There were 14 residential sales with the highest at $610,000 and the median price at $424,000. So demand is in the lower end.
There was 1 condo sale in Alpine and no sales in Squaw.
If you would like more detailed information or specific information related to your property, please do not hesitate to call.
If you know anyone that we can assist to become an owner in
our beautiful area and be one of your neighbors, please let us know. If there
is anything we can do to help you with your business, we would like to know.
Thank you for your support.
Sincerely,
Bob and Nancy
The
Keller Williams Boice Realty
530-582-3313
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New Escrows for April
2008 |
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73-90 Homes |
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91 - 2006 Homes |
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New Homes |
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Condos |
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150-224 |
0 |
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0 |
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0 |
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1 |
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225-249 |
0 |
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0 |
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0 |
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0 |
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250-274 |
0 |
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0 |
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0 |
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0 |
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275-299 |
0 |
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0 |
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0 |
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0 |
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300-324 |
0 |
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0 |
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0 |
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0 |
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325-349 |
0 |
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0 |
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0 |
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0 |
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350-399 |
0 |
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0 |
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0 |
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0 |
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400-499 |
1 |
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0 |
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0 |
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2 |
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500-599 |
1 |
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0 |
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0 |
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0 |
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600-699 |
1 |
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1 |
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0 |
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0 |
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700-799 |
0 |
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1 |
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0 |
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0 |
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800-899 |
1 |
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1 |
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0 |
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0 |
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900-999 |
0 |
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2 |
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0 |
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0 |
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1,000,000 Plus |
0 |
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3 |
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0 |
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0 |
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Total Sales |
4 |
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8 |
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0 |
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3 |
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% of Total Sales |
26.67% |
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53.33% |
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0.00% |
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20.00% |
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Current Listings |
39 |
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67 |
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25 |
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30 |
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% of Total Listings |
24.22% |
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41.61% |
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15.53% |
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18.63% |
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Price |
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126-150 |
0 |
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151-175 |
0 |
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