Funny Wiener Dog
Finally got a family pet to do something funny! This is Daisy. She is crazy.
Funny wiener dog Daisy, every time you take her out on a grassy surface she makes you drag her, so she can scratch her back.
Lake Tahoe Real Estate – Market Report Aug 15-21
Olja Mihic Coldwell Banker – 2011 Weekly Real Estate Market Report – Week of: August 15th to August 21st
North Lake Tahoe-Truckee Region MLS
Residential Properties – Single Family Homes and Condominiums
Active Inventory Summary:
Active Listings: The inventory for residential properties went up nicely to 1,374 active listings in the market; 1,064 single family homes and 310 condominiums for sale. Coldwell Banker has over 17% of the active listings in the market and continues to be the market leader for listings.
REO-Short Sale Listings: Of the active listings, there are 146 properties listed as short sales, (10.6%) and 49 properties listed as REO sales, (3.6%).
Months of Inventory: Based on the current inventory and sales for the previous 30-day period, the market has over 14-months of inventory available. The inventory of homes at today’s prices continues to favor the buyer interested in an investment property, vacation home or moving up to a larger home or better location.
Sales Summary: Year-To-Date
Total Sales 2011 Vs 2010:
Total Sales: For 2011, there have been 681 residential properties sold in the market as compared to 666 for the same period in 2010 which is a 2.3% increase in sales. Of the total sales in the market for 2011, 524 have been single family homes, while 157 were condominiums.
REO & Short Sales: Of the properties sold, 142 have been REO’s, (20.9%), and 102 have been Short Sales, (15.0%) which results in over 35% of the properties sold being distressed properties. In 2010 for the same period, there were 134 REO sales and 89 short sales or roughly 33% of the total sales.
Sales Price Range: For the year, there have been 454 properties sold priced below $500,000, 174 properties sold between $500,000 and $1,000,000 and 53 properties sold over $1,000,000.
Median and Average Sales Prices: The median sales price for properties sold year to date is $400,000 while the average sales price is $520,205. For the same period in 2010, the median sales price was $428,500 and the average sales price was $621,735 which is an (6.7%) and (16.3%) decline in price respectively year over year.
Last Week’s Sales: For the week of August 15th a total of 17 properties sold which was identical to the previous week’s sales of 17 properties. Of the properties sold last week, two (2) of the properties sold were priced over $750,000 and one of the two was priced over $4.4 million.
Pending Sales: Currently there are 195 pending residential sales in the market which is up slightly from the previous week. Of the pending sales, 19 are short sales and 18 are REO properties.
Market Activity Summary:
August residential sales are averaging 16 sales per week as compared to average weekly sales in July which were roughly 22 sales per week. It is possible that with the recent economic news, some homebuyers are being a bit more cautious than in previous months. However, there continues to be an encouraging trend as pending sales went up noticeably again last week to 195 properties reported in escrow.
Median sales prices have decreased from last year by 6.7% to $400,000 while the average sales prices have decreased by 16.3% to $520,205 from last year. These price trends are one of the major factors influencing home sales to date and should bode well for the remainder of the year.
The hottest segment of the market continues to be homes priced under $500,000 as roughly 67% or 454 properties have sold in this price range. Luxury home sales, homes priced above $1,000,000, continue lag behind 2010 sales as 53 properties or 7.8%, have sold year to date as compared to 76 properties last year which is a 30% decline. The mid range market, sales $500,000 to $1,000,000 are down as well from last year with 174 properties sold or 26% of sales as compared to 190 properties sold in this range in 2010.
Distressed properties, REO and Short Sales represent 35% of the sales in the market which is almost identical to the quantity of REO and Short sales in 2010. Interestingly enough while 35% of the sales are distressed properties only 14% of the active listings are distressed properties.
With the inventory of great residential properties on the market, homes priced at 10-year lows and some of the lowest interest rates in history, we are anticipating a strong rally towards the end of the year.
Now may be one of the best times for Buyers considering an investment in a vacation home or investment property in the Lake Tahoe-Truckee market.
Contact Olja Mihic, Coldwell Banker Agent Today…For a Free Market Valuation
Note: Data on this page is based on information from the Tahoe Sierra Board of Realtors, MLS. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data’s accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. DRE License # 00313415
Lake Tahoe Real Estate Market Report – Aug 8th-14th
Lake Tahoe Real Estate Market Report
North Lake Tahoe-Truckee Region MLS
Residential Properties – Single Family Homes and Condominiums
Week of: August 8th to August 14th
Active Inventory Summary:
Active Listings: The inventory for residential properties went up slightly to 1,356 active listings in the market; 1,054 single family homes and 302 condominiums for sale. Coldwell Banker has over 17% of the active listings in the market and continues to be the market leader for listings.
REO-Short Sale Listings: Of the active listings, there are 143 properties listed as short sales, (10.5%) and 48 properties listed as REO sales, (3.5%).
Months of Inventory: Based on the current inventory and sales for the previous 30-day period, the market has over 13-months of inventory available. The inventory of homes at today’s prices continues to favor the buyer interested in an investment property, vacation home or moving up to a larger home or better location.
Sales Summary: Year-To-Date
Total Sales 2011 Vs 2010:
Total Sales: For 2011, there have been 664 residential properties sold in the market as compared to 641 for the same period in 2010 which is a 3.6% increase in sales. Of the total sales in the market for 2011, 511 have been single family homes, while 153 were condominiums.
REO & Short Sales: Of the properties sold, 138 have been REO’s, (20.8%), and 101 have been Short Sales, (15.2%) which results in 36% of the properties sold being distressed properties. In 2010 for the same period, there were 129 REO sales and 88 short sales or roughly 34% of the total sales.
Sales Price Range: For the year, there have been 443 properties sold priced below $500,000, 169 properties sold between $500,000 and $1,000,000 and 52 properties sold over $1,000,000.
Median and Average Sales Prices: The median sales price for properties sold year to date is $398,350 while the average sales price is $516,274. For the same period in 2010, the median sales price was $428,000 and the average sales price was $609,433 which is an (6.9%) and (15.3%) decline in price respectively year over year.
Last Week’s Sales: For the week of August 8th a total of 17 properties sold which went up moderately from the previous week’s sales of 13 properties. Of the properties sold last week, only one (1) of the properties sold were priced over $750,000.
Pending Sales: Currently there are 191 pending residential sales in the market which is up slightly from the previous week. Of the pending sales, 16 are short sales and 19 are REO properties.
Market Activity Summary:
The first two weeks of sales for August 2011 are off to a slower start as compared to 2010 with 30 residential sales this year versus 41 sales for the same period last year. An encouraging sign is that pending sales went up slightly to 191 properties reported in escrow.
Median sales prices have decreased from last year by 6.9% to $398,350 while the average sales prices have decreased by 15.3% to $516,274. These price trends are one of the major factors influencing home sales to date and should bode well for the remainder of the year.
The hottest segment of the market continues to be homes priced under $500,000 as roughly 67% or 443 properties have sold in this price range. Luxury home sales, homes priced above $1,000,000, continue lag behind 2010 sales as 52 properties or 7.8%, have sold year to date as compared to 72 properties last year which is a 28% drop. The mid range market, sales $500,000 to $1,000,000 are down as well from last year with 169 properties sold or 25% of sales as compared to 183 properties sold in 2010.
Distressed properties, REO and Short Sales represent 36% of the sales in the market which is almost identical to the quantity of REO and Short sales in 2010. Interestingly enough while 36% of the sales are distressed properties only 14% of the active listings are distressed properties.
With the inventory of great residential properties on the market, homes priced at 10-year lows and favorable interest rates, we are anticipating a strong rally towards the end of the year. One area we will certainly keep our eye on is the impact of the recent issues in the financial markets internationally and home sales.
Now may be one of the best times for Buyers considering an investment in a vacation home or investment property in the Lake Tahoe-Truckee market.
Contact Olja Mihic, Coldwell Banker Agent Today…For a Free Market Valuation
Note: Data on this page is based on information from the Tahoe Sierra Board of Realtors, MLS. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data’s accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. DRE License # 00313415
Lake Tahoe Real Estate – Market Report Aug 1-7
Olja Mihic, Coldwell Banker 2011 Weekly Real Estate Market Report
North Lake Tahoe-Truckee Region MLS
Residential Properties – Single Family Homes and Condominiums
Week of: August 1st to August 7th
Active Inventory Summary:
Active Listings: The inventory for residential properties went up slightly to 1,352 active listings in the market; 1,044 single family homes and 308 condominiums for sale. Coldwell Banker has over 17% of the active listings in the market and continues to be the market leader for listings.
REO-Short Sale Listings: Of the active listings, there are 144 properties listed as short sales, (10.7%) and 46 properties listed as REO sales, (3.4%).
Months of Inventory: Based on the current inventory and sales for the previous 30-day period, the market has over 16-months of inventory available. The inventory of homes at today’s prices continues to favor the buyer interested in an investment property, vacation home or moving up to a larger home or better location.
Sales Summary: Year-To-Date
Total Sales 2011 Vs 2010:
Total Sales: For 2011, there have been 643 residential properties sold in the market as compared to 615 for the same period in 2010 which is a 4.6% increase in sales. Of the total sales in the market for 2011, 495 have been single family homes, while 148 were condominium.
REO & Short Sales: Of the properties sold, 136 have been REO’s, (21.2%), and 98 have been Short Sales, (15.2%) which results in 36% of the properties sold being a distressed property. In 2010 for the same period, there were 124 REO sales and 87 short sales or roughly 34% of the total sales.
Sales Price Range: For the year, there have been 429 properties sold priced below $500,000, 163 properties sold between $500,000 and $1,000,000 and 51 properties sold over $1,000,000.
Median and Average Sales Prices: The median sales price for properties sold year to date is $397,700 while the average sales price is $519,575. For the same period in 2010, the median sales price was $429,671 and the average sales price was $611,289 which is an (7.4%) and (15.0%) decline in price respectively year over year.
Last Week’s Sales: For the week of August 1st a total of 13 properties sold which went down58% from the previous week’s sales of 31 properties. Of the properties sold last week, five (5) of the properties sold were priced over $750,000 and ironically all five properties were over $1.0 million with one sale at $3.3 million.
Pending Sales: Currently there are 190 pending residential sales in the market which is up 12% from the previous week. Of the pending sales, 18 are short sales and 18 are REO properties.
Market Activity Summary:
The first week of August sales was off to a slower start than in the previous six weeks but similar to last year for the first week of August where 15 properties were sold. An encouraging sign is that pending sales went up almost 12% to 190 properties reported in escrow. We are continuing to see greater buyer activity in the market as we enter August. The next 45-60 days should be very busy as truly interested buyers look to take advantage of remarkable home values which we have not seen in ten years.
Median sales prices have decreased from last year by 7.9% to $397,700 while the average sales prices have decreased by 15.0% to $519,575. These price trends are one of the major factors influencing steady home sales.
The hottest segment of the market continues to be homes priced under $500,000 as roughly 67% or 429 properties have sold in this price range. Luxury home sales, homes priced above $1,000,000, continue lag behind 2010 sales as 51 properties or 7.9%, have sold year to date as compared to 68 properties last year which is a 25% drop. However, it was encouraging to see that five properties closed last week with a sales price over $1.0 million. The mid range market, sales $500,000 to $1,000,000 are down as well from last year with 163 properties sold or 25% of sales as compared to 177 properties sold in 2010.
Distressed properties, REO and Short Sales represent 36% of the sales in the market which is almost identical to the quantity of REO and Short sales in 2010. Interestingly enough while 36% of the sales are distressed properties only 14% of the active listings are distressed properties.
With the inventory of great residential properties on the market, homes priced at 10-year lows and favorable interest rates, we are anticipating a strong rally towards the end of the year. One area we will certainly keep our eye on is the impact of the recent issues in the financial markets internationally and home sales.
Now may be one of the best times for Buyers considering an investment in a vacation home or investment property in the Lake Tahoe-Truckee market.
Contact Olja Mihic, Coldwell Banker Agent Today…For a Free Market Valuation
Note: Data on this page is based on information from the Tahoe Sierra Board of Realtors, MLS. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data’s accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. DRE License # 00313415
Lake Tahoe Real Estate – Market Report July 25-31
Lake Tahoe Residential Real Estate– Single Family Homes and Condominiums
Week of: July 25th to July 31st
Active Inventory Summary:
Active Listings: The inventory for residential Lake Tahoe real estate went up slightly to 1,337 active listings in the market; 1,039 single family homes and 298 condominiums for sale. Coldwell Banker has over 17% of the active listings in the market and continues to be the market leader for listings.
Lake Tahoe Foreclosures (REO)-Short Sale Listings: Of the active listings, there are 146 properties listed as Lake Tahoe short sales, (10.9%) and 40 properties listed as Lake Tahoe foreclosures (REO) sales, (3.0%).
Months of Inventory: Based on the current inventory and sales for the previous 30-day period, the market has over 15-months of inventory available. The inventory of Lake Tahoe real estate at today’s prices continues to favor the buyer interested in an investment property, vacation home or moving up to a larger home or better location.
Sales Summary: Year-To-Date
Total Sales 2011 Vs 2010:
Lake Tahoe Real Estate Sales: For 2011, there have been 626 residential Lake Tahoe real estate sold in the market as compared to 601 for the same period in 2010 which is a 4.2% increase in sales. Of the total sales in the market for 2011, 483 have been single family homes, while 143 were condominium.
Lake Tahoe Foreclosures (REO) & Lake Tahoe Short Sales: Of the properties sold, 134 have been Lake Tahoe Foreclosures (REO’s), (21.4%), and 93 have been Lake Tahoe Short Sales, (14.9%) which results in 36% of the properties sold being a distressed property. In 2010 for the same period, there were 118 Lake Tahoe Foreclosures (REO) sales and 87 Lake Tahoe short sales or roughly 34% of the total Lake Tahoe real estate sales.
Price Range: For the year, there have been 419 Lake Tahoe real estate sold priced below $500,000, 161 Lake Tahoe real estate sold between $500,000 and $1,000,000 and 46 Lake Tahoe real estate sold over $1,000,000.
Median and Average Sales Prices:The median sales price for Lake Tahoe properties sold year to date is $395,500 while the average sales price is $511,525. For the same period in 2010, the median sales price was $435,000 and the average sales price was $613,389 which is an (9.1%) and (16.6%) decline in price respectively year over year.
Last Week’s Sales: For the week of July 25th a total of 31 Lake Tahoe properties sold which went up 82% from the previous week’s sales of 17 Lake Tahoe properties. Of the Lake Tahoe properties sold last week, three (3) of the properties sold were priced over $750,000 and two of those were over $1.0 million.
Pending Sales: Currently there are 170 pending residential Lake Tahoe real estate sales in the market which is down slightly from the previous week. Of the pending sales, 14 are Lake Tahoe short sales and 20 are Lake Tahoe Foreclosures (REO) properties.
Market Activity Summary:
July ended with a great week of sales which was one of the highest sales weeks of the year with 31 Lake Tahoe properties closed. We are continuing to see greater buyer activity in the market as we enter August. The next 45-60 days should be very busy as truly interested buyers look to take advantage of remarkable home values which we have not seen in ten years.
Median Lake Tahoe real estate sales prices have decreased from last year by 9.1% to $395,500 while the average Lake Tahoe real estate sales prices have decreased by 16.6% to $613,389. These price trends are one of the major factors influencing steady home sales.
The hottest segment of the market continues to be homes priced under $500,000 as roughly 67% or 419 properties have sold in this price range. Lake Tahoe Luxury homes sales, homes priced above $1,000,000, continue lag behind 2010 sales as 46 properties or 7.3%, have sold year to date as compared to 67 properties last year which is a 37% drop. The mid range market, sales $500,000 to $1,000,000 are down as well from last year with 161 properties sold or 26% of sales as compared to 176 properties sold in 2010.
Distressed properties, Lake Tahoe foreclosures (REO) and Lake Tahoe Short Sales represent 36% of the sales in the market which is almost identical to the quantity of Lake Tahoe foreclosures (REO) and Lake Tahoe Short sales in 2010. Interestingly enough while 36% of the sales are distressed properties only 14% of the active listings are distressed properties.
With the inventory of great residential Lake Tahoe real estate on the market, homes priced at 10-year lows and favorable interest rates, we are anticipating a strong late summer and end of the year trend of sales.
Now may be one of the best times for Buyers considering an investment in a vacation home or investment property in the Lake Tahoe-Truckee market.
Contact Olja Mihic, Lake Tahoe Realtor Today…For a Free Market Valuation
Note: Data on this page is based on information from the Tahoe Sierra Board of Realtors, MLS. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data’s accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. DRE License # 00313415