Median Single Family Home Graph for Truckee Real Estate, 2004 – 2009

Homes and cabins in the Truckee and Donner Lake real estate market finished the year with an overall 15 percent downturn in median sales price.  This graph shows how median sales prices have been steadily decreasing since 2005, with a total decrease of about 27 percent. Truckee homes and cabins that were priced under 1 million dollars decreased in an average per foot selling price at the same percentage.  Homes over 1 million dollars have only declined about 13% in dollar per foot sales price.

NOTE:  This representation is based in whole or in part on data supplied by the Tahoe Sierra Board of Realtors or its MLS.  Neither the Board or its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the Board or its MLS may not reflect all real estate activity in the market.

Truckee Home Sales Chart 2004 – 3rd Quarter 2009

This chart shows the decline in the number of single family residences that have sold each year since 2004 in the Truckee Real Estate market. This YTD chart ending September 30, 2009 shows a total decline of 61%.  This is just single family homes in Truckee and Donner Summit. This number will improve, as there are currently 79 homes in escrow, and another 28 short sales in escrow. Short sales are a real wild card, but some of them will close before the end of the year. I’m predicting that by year end, the current 2009 decline in units sold will actually be an increase over last year.  That would make the 61% number of total decline I used above more like 51%. We’ll wait and see.

NOTE:  This representation is based in whole or in part on data supplied by the Tahoe Sierra Board of Realtors or its MLS.  Neither the Board or its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the Board or its MLS may not reflect all real estate activity in the market.

Median Land Price Chart for Truckee Real Estate 2004 – August 30, 2009

This chart shows the median land sales price changes since 2004 for vacant land in the Truckee Real Estate market. As you can see, prices have really taken a big hit so far in 2009.  What’s more, activity based by the number of sales this year has been abysmal. Much of the decline can be attributed to the lack of available construction financing. 2008’s statistics are a bit of an aberration, as individual land sales prices did not increase. Far from it, but there were just many fewer sales in the more “affordable” neighborhoods of Truckee, and thus the median sales price for what did sell was higher.  This land graph only accounts for lots that were under 1.5 acres, and excludes Northstar and Martis Camp, which are much higher price points.

NOTE:  This representation is based in whole or in part on data supplied by the Tahoe Sierra Board of Realtors or its MLS.  Neither the Board or its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the Board or its MLS may not reflect all real estate activity in the market.

Median Condominium Price Graph for Truckee Real Estate for 2004 – 8/30/2009

This chart shows the increases and decreases over the last 5 plus years, of median condominium values in the Truckee Real Estate market.  This does not include some of the luxury condos in Northstar, or Old Greenwood, as some of those price points (1.6 million) skewed the stats a little bit.  The median single family chart took about 20 hours for me to produce, and this one only took 5 or so.  (We’re cooking with gas now) Look for the land chart coming soon.  Since 2006, condo values in Truckee have decreased 34% YTD.

NOTE:  This representation is based in whole or in part on data supplied by the Tahoe Sierra Board of Realtors or its MLS.  Neither the Board or its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the Board or its MLS may not reflect all real estate activity in the market.

Median Single Family Home Graph for Truckee Real Estate, 2004 – 8/30/2009

This fancy new graph (I’ve got about 20 hours in to this) is my first effort.  It shows median prices in the overall Truckee Real Estate area from 2004 through August 30, 2009.  To do the math for you, we are off the 2005 highs at about 28%.  This is market wide here in Truckee, and only single family homes.  Some neighborhoods have been hit harder.

NOTE:  This representation is based in whole or in part on data supplied by the Tahoe Sierra Board of Realtors or its MLS.  Neither the Board or its MLS guarantees or is in any way responsible for its accuracy.  Data maintained by the Board or its MLS may not reflect all real estate activity in the market.