Jamie Schou Real Estate

Over the weekend 28 new listings came onto the market comprising of 11 land listings, 2 condos, 3 shared ownership listings, 1 income property and 11 single family homes. Prices are ranging from $19,785 for a shared ownership listing in Squaw Valley to $3,495,000 for a 5 bedroom river front estate on the Truckee River just outside Squaw Valley. There were 10 properties going into contract over the weekend as standard contracts, and 2 accepted contracts for short sales awaiting bank approval. Of the 10 new purchase contracts, 1 was for a condo, 2 were for lots and 7 for single family homes.

Of the 63 new listings in the past week, 5 are bank owned and 2 are short sale offerings. There were 8 short sale properties with accepted contracts awaiting bank approval in the past week and of 30 new escrows in the past week, 5 were bank owned. In the week’s closed escrows, 4 of the 24 sold properties were bank owned and 2 were short sales. Single family homes made up over half of the sales, with 17 of 24 closed escrows. There were 7 sales in the Lake Tahoe Basin and 17 in the Truckee area. Closed escrows ranged from $115,000 for a lot in Tahoe Donner to $6,119,020 for a 5 bedroom lake front estate on the north shore of Lake Tahoe. While selling price averages took a dip the past two weeks to 92% and 90% of list price, it was once again at 96% of list for this past week, which is on par for the beginning of this year.

The market continues to be active right now with historically low mortgage rates and value pricing with most listings; historically, the fall becomes very active with sellers eager to sell before winter and buyers looking to get into a home before the snow falls. Contact me today to discuss how you can take advantage of the current market conditions and low rates.
View all area listings HERE.

Jamie Schou
Direct – 530-798-1393
jschou@kw.com

Over the weekend 23 new listings came onto the market comprising of 8 land listings, 1 condo, 1 shared ownership listing and 13 single family homes. Prices are ranging from $60,000 for a shared ownership listing in Old Greenwood to $3,950,000 for a 1 bedroom lake front home on the west shore of Lake Tahoe. There were 8 properties going into contract over the weekend as standard contracts, and 7 accepted contracts for short sales awaiting bank approval. All 8 new purchase contracts were for single family homes.

Of the 56 new listings in the past week, 6 are bank owned and 1 is a short sale. There were 13 short sale properties with accepted contracts awaiting bank approval in the past week and of 32 new escrows in the past week, 7were bank owned and 1 was an approved short sale. In the week’s closed escrows, 6 of the 30 sold properties were bank owned. Single family homes made up over half of the sales, with 22 of 30 closed escrows. There were 8 sales in the Lake Tahoe Basin, 22 in the Truckee area. Closed escrows ranged from $68,000 for a studio condo unit at Donner Lake Village, to $10,000,000 for a 7+ bedroom lake front estate on the north shore of Lake Tahoe. While selling prices have been averaging right about 94% to 95% of list price for the year, this past week’s average rose to 92%, up from last week’s low 90% average.

The market continues to be active right now with historically low mortgage rates and value pricing with most listings; Contact me today to discuss how you can take advantage of the current market.
View all area listings HERE.

Jamie Schou
Direct – 530-798-1393
jschou@kw.com

Over the weekend we had 28 new listings come onto the market comprising of 2 land listings, 7 condos, 1 shared ownership listing and 18 single family homes. Prices are ranging from $94,900 for a bank-owned one bedroom condo in upper Kings Beach to $4,750,000 for a 3 bedroom lake front home on the west shore of Lake Tahoe. There were 13 properties going into contract over the weekend as standard contracts, and 5 accepted contracts for short sales awaiting bank approval. The 13 new purchase contracts were comprised of 11 single family homes, 1 lot and 1 condo.

Of the 72 new listings in the past week, 5 are bank owned, and 5 are short sales. There were 11 short sale properties with accepted contracts awaiting bank approval in the past week and of 34 new escrows in the past week, 8 were bank owned. In the week’s closed escrows, 5 of the 34 sold properties were bank owned. Single family homes made up half of the sales, with 17 of 34 closed escrows. There were 18 sales in the Lake Tahoe Basin, 14 in the Truckee area and 2 north of Truckee. Closed escrows ranged from $18,000 for a shared ownership in Old Greenwood, to $1,900,000 for a 4 bedroom lake front home on the west shore of Lake Tahoe. While selling prices have been averaging right about 94% to 95% of list price for the year, this past week the average dipped to 90% of list price.

The market continues to be active right now with historically low mortgage rates and value pricing with most listings; Contact me today to discuss how you can take advantage of the current market.
View all area listings HERE.

Jamie Schou
Direct – 530-798-1393
jschou@kw.com