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