Jamie Schou Real Estate

Over the weekend we had 26 new listings come onto the market comprising of 4 land listings, 5 condos and 17 single family homes. Prices are ranging from $165,000 for a Lot in Tahoe Donner to $2,390,000 for a 5 bedroom lake front home on Donner Lake. There were 9 properties going into contract over the weekend as standard contracts, and 9 accepted contracts for short sales awaiting bank approval. The 9 new purchase contracts were comprised of 7 single family homes, 1 lot and 1 shared ownership opportunity.

Of the 63 new listings in the past week, only 1 is bank owned, and 3 are short sales. There were 12 short sale properties with accepted contracts awaiting bank approval in the past week and of 31 new escrows in the past week, only 2 were bank owned. In the week’s closed escrows, 11 of the 26 sold properties were bank owned. Single family homes again made up the bulk of the sales, with 14 of 26 closed escrows. There were 9 sales in the Lake Tahoe Basin, 12 in the Truckee area, 1 on the summit and 4 north of Truckee. Closed escrows ranged from $39,500 for a bank owned lot in Grey’s Crossing, to $3,200,000 for a 4 bedroom home on the slopes at Squaw Valley. Selling prices continue to average right about 94% to 95% of list price.

The market continues to be active right now with historically low mortgage rates and value pricing on 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

WESTLAKE VILLAGE, Calif., July 28 /PRNewswire/ — Reflective of the real estate buyers’ market conditions in many regions in the U.S., satisfaction with real estate companies among home buyers has improved from 2009, while satisfaction among home sellers has declined, according to the J.D. Power and Associates 2010 Home Buyer/Seller Study(SM) released today.

The study, now in its third year, measures customer satisfaction of home buyers and sellers with the largest national real estate companies. Overall satisfaction is determined by examining three factors for the home-buying experience: agent/salesperson; office; and variety of additional services. Four factors are examined for the home-selling experience: agent/salesperson; marketing; office; and variety of additional services.

Overall satisfaction among home buyers averages 803 on a 1,000-point scale in 2010-increasing by 12 points from 2009. This improvement is primarily driven by increased satisfaction with agents and salespersons. In contrast, overall satisfaction among home sellers has declined by 40 points from 2009 and averages 742 in 2010. Among home sellers, satisfaction has decreased in all four factors, with the largest declines observed in marketing of the home and the variety of additional services offered.

“Among both home buyers and home sellers, the importance of agents and salespersons has increased substantially in 2010, compared with 2009,” said Jim Howland, senior director of the real estate and construction practice at J.D. Power and Associates. “Buyers are increasingly relying upon negotiating skills of agents and seem to be satisfied with the purchase prices they are obtaining. Despite the fact that selling agents appear to be doing a good job of negotiating and marketing on behalf of home sellers, the tough economic conditions are negatively impacting their overall satisfaction with real estate companies.”

In the home-buyer segment, Keller Williams ranks highest for a third consecutive year, with a score of 817 on a 1,000-point scale. Keller Williams performs particularly well in the agent and office factors. Following in the rankings are Prudential (811) and Coldwell Banker (805). Prudential performs well in the additional services category.

Based on the J.D. Power and Associates survey, it sounds like you should definitely contact me when you decide to buy property in the Tahoe/Truckee area! View all area listings here.

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

Over the weekend we had 33 new listings come onto the market comprising of 5 land listings, 7 condos, 3 commercial property listings, 21 shared ownership listings and 16 single family homes. Prices are ranging from $50,900 for a 3 bedroom, 2 bath bank-owned home in Loyalton to $1,795,000 for a commercial building in Tahoe City. There were only 4 properties going into contract over the weekend, down again considerably from the past few weekends. The 4 new purchase contracts were comprised of 3 single family homes and 1 condo.

Of the 86 new listings in the past week, 8 are bank owned, 6 are short sales and 1 requires court approval. There were 8 short sale properties with accepted contracts awaiting bank approval in the past week and of 16 new escrows in the past week, only 3 were bank owned. In the week’s closed escrows, 8 of the 38 sold properties were bank owned or short sales. Single family homes again made up the bulk of the sales, with 22 of 38 closed escrows. There were 18 sales in the Lake Tahoe Basin, 16 in the Truckee area, 1 on the summit and 3 north of Truckee. Closed escrows ranged from $18,500 for a bank owned 1 acre lot in Grizzly Ranch, a golf community north of Truckee to $3,400,000 for a commercial building in downtown Tahoe City. Prices for the single family homes ranged from $45,000 for a 3 bedroom bank-owned home in Portola to $1,380,000 for a 4 bedroom home at Serene Lakes on Donner Summit. Selling prices continue to average right about 94% of list price.

The market is active right now with buyers moving on the best deals while taking advantage of historically low rates; I believe there are excellent opportunities for buyers and sellers in the current market. You can view all area listings HERE. I have the experience and knowledge to help you negotiate the best deal in today’s market. Give me a call to help you sell or purchase your Tahoe/Truckee property.

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