15708 Kent Drive, Truckee

Private mountain style home in upper Glenshire with tremendous views and plenty of room to spread out. Down a private drive at the end of dead end street, this home was thoughtfully expanded to include 2 master suites, 2 office areas and a large play loft. The 2nd master is upstairs off of the cozy family room. Recent upgrades include a new furnace, tankless hot water, professional landscape, new dishwasher, new windows and more. A great opportunity at an even better price.

15319 Sudsbury Circle, Truckee

Majestic mountain home, that has been expertly maintained and perfected since it was built. This home boasts an amazing landscape on a sunny, well appointed 1/2 acre. Each bedroom has it’s own bath, plus there’s a bonus office and a 1/2 bath. Vaulted pine ceilings in the living and bedrooms, granite counter kitchen with stainless appliances, wood flooring, large gas fireplace, log accents, level driveway, additional parking, custom cabinetry, and spectacular views of the Carson Range and the Pacific Crest.

Median Single Family Home Graph for Truckee Real Estate, 2004 – 1st Qtr 2010

Here is a graph reflecting median home sales prices in the Truckee Real Estate market through the first quarter of 2010.  Prices fell another three percent in the first three months of this year.  I think this is primarily because there are still quite a few homes and cabins in the Truckee and Donner Lake areas that are REO (bank owned) and short sale listings.  Until these foreclosed and pre-foreclosed homes are no longer a part of the Truckee and North Lake Tahoe real estate market, there will continue to be downward pressure on home prices.

Truckee Real Estate: Graph of Median Single Family Home prices from 2004 through 1st quarter 2010

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.

Snow Country Real Estate in Truckee

Moving in the Right Direction?

In the past, I’ve written about the “collective subconscious” of the real estate market.  There’s starting to be more and more good news out there that maybe we’ve actually bottomed out, and that prices will stabilize and homes may actually start appreciating again.  A novel thought.  I don’t think that we’ve seen the uptick yet in the Truckee Real Estate market, but good news has a way of being contagious.

This week the S&P/Case Shiller Price Index was published for data through February 2010.  This is considered the leading indicator of home prices in the US and shows that for the first time since 2006, the annual rates of change for the indices is up.  The ten city composite increased nearly 1 and half percent from where it was in February of 2009.

Here’s the graph:

Next week I will have finalized the 1st quarter graph for 2010 for the Truckee Real Estate sold market.