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.

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.