Wondering what to do?

Check out the Patagonia Outlet Store this side of Reno.

Might find some good deals for Ski Apparel

8550 White Fir St, Reno, NV (775) 746-6878

Gary at 530-448-1100

Upload/Insert ]]> http://www.truckeehome411.com/tahoe-donner-homes-garys-hot-pick/feed/ 0 http://www.truckeehome411.com/tahoe-donner-homes-garys-hot-pick/ http://feedproxy.google.com/~r/TruckeeRealEstate/~3/jdUgqlTDgMk/ http://www.truckeehome411.com/truckee-first-time-homebuyer-assistance/#comments Wed, 25 Jan 2012 18:09:15 +0000 Gary LaBelle http://www.truckeehome411.com/?p=5392  TOWN OF TRUCKEE
FIRST-TIME HOMEBUYER 
DOWN PAYMENT ASSISTANCE PROGRAM

The Program provides down payment assistance loans, with the amount determined by a sliding scale of up to $90,000 to income-qualified homebuyers, based on income level and individual qualifications. The Program targets three income levels – Level I (up to 80% AMI), Level II (81% up to 120% AMI) and Level III (121% up to 160% AMI). For Level I and Level II homebuyers, the Program goal is to provide down payment assistance to help obtain homeownership, while keeping housing costs affordable. For Level III homebuyers, the Program goal is to assist with a down payment to help obtain homeownership. The Program requires that participants live or work in the Town of Truckee. Available Program funding sources allow for placing a minimum of 12 households into newly purchased homes. Existing single-residency, for-purchase homes within the Truckee Town Limits that are within the Program price limitations would qualify for purchase. As a result of this Program, local residents and workers, who otherwise may not be able to enter the home ownership market, may be able to purchase an existing market-rate home within the Town of Truckee.  

• Program Outline
• Program Schedule
• Instructions for Completing Application Package
• Instructions for Calculating Household Income and Self-Certification of Household Income form
• Instructions to Program Applicant
• Program Guidelines

Interested applicants must complete and submit a complete application package during the open application period. At the close of the application period, the Town will include all applicants that submitted complete application packages in a random selection process. The random selection process will establish the list for processing applications.

Application Package:

• Application Checklist
• Application form
• Self-Certification of Household Income form
• Local Eligibility Requirement form
• Verification of Employment
• Fair Lending Notice

Application packages will be available at the Truckee Town Hall, or on the Town website at http://www.townoftruckee.com or you may contact JoAnn Anders, Program Operator at 530.272.5395 or j.anders@att.net to have the application package mailed to you. It is the applicant’s responsibility to submit the complete application package within the open application period.

Applications are due no later than September 8, 2011, 5:00 p.m.  Please note: your application must be received at the address below no later than September 8, 2011 at 5:00 p.m. 

Submit to:
JoAnn Anders
P.O. Box 1583
Cedar Ridge, CA  95924

Completed application packets will not be accepted at Truckee Town Hall.

Lender Information:

• Program Guidelines
• Sample Loan Documents
• Town Deed I-II
• Town Note I-II
• Town Deed III
• Town Note III

FOR ADDITIONAL INFORMATION CONTACT PROGRAM OPERATOR:

JoAnn Anders
530 272-5395
j.anders@att.net

Click here for additional pictures of 12814 Skislope Way, 1 3BR + Loft Skislope Luxury Home

December  2011

The following Figure shows Tahoe Donner Single Family Home activity from Jan 2008 through Dec 2011.

The data is obtained from the Tahoe MLS published data. Note, this data is for single family homes only – contact me for data on Tahoe Donner Condos, Lot Sales or data for other Truckee or Lake Tahoe areas.

Tahoe Donner is a great area to study for market activity since it is has over 5000 homes and therefore presents a large database for meaningful statistical analysis. Home prices vary from roughly $300K to over $1.5M and ages range from brand new to over 30 years old.

Tahoe Donner Single Family Home Closings – Jan ’08 to Dec ‘11

Tahoe Donner Homes – Dec Closings

Single Family home closings in Dec ’11 were strong with 17 homes compared to 20 last month and 28 the month before. Note that sales in Tahoe Donner are extremely seasonal and year to year comparisons are significant to get a valid picture of typical sales activity. Looking at the above graph, sales tend to be strong in the May-Jun to Dec period every year.

Regarding other sales, there are 4 pending, 19 contingent and 11 active contingent short sales with offers in the works. However, don’t expect strong overall closings for the next couple months. From a seasonality point of view Jan is typically the slowest month of the year with some recovery starting in Feb. Keep in mind the difference between closings and when the contract is signed can be 4-8 weeks for open and close of escrow.

Tahoe Donner Homes – Inventory  

The number of Single Family listings was 91 listings at the end of Dec, down from 116 in Nov and 134 in Sep. This is normal for this time of year when multiple properties are taken off the market and ski leased.  When you consider we have approximately 5000 single family homes in Tahoe Donner, inventory continues to be low – 3% of the homes in TD. This low inventory is obviously a positive sign for the continued good health of the Tahoe Donner Home Market.

Tahoe Donner Homes – Days on Market (DOM)

Average Days on market (DOM) was 136 days, which has been increasing over the last few months because of lower inventory and therefore sales of homes that have been on the market for some time and a seasonal slowdown in sales this time of year.  The good news here is that even homes that have been on the market for some time are now moving..

Tahoe Donner Single Family Home Median and Average Home Price – Jan ’08 to Dec ‘11

Tahoe Donner Homes – Average and Median Prices

Average price was $524K which is about average since Feb of 2010 which is about 18 months. The median price was $535K.Looking at the next graph, one factor is that we have virtually no sales in high end homes which are obviously affecting the average and median sales price. One can see a decline in the 1H of 2011 to June but also an increase after June 2011. Lots like a market recovery to me!

 Average Price per Sq Ft

The average price per square foot for Dec was $247.

Sold Price vs. Last Listed Price

Average sold to last list price for Dec was 95%. So, when you are buying or selling keep this average number in mind.

Tahoe Donner Number of Single Family Homes Sold vs. Sale Price Category – Jan ’10 to Dec ‘11

The above graph shows sales by price range. The $500 to $700K segment had 6 of 17 total homes sold.  The $300 to $500K segment was 7 out of 17 homes sold. Three homes sold in the $700K to $900K range and no homes sold above $900K. Cash buyers were out in force with 4 sales being cash. The remaining sales used conventional financing. One of the sales was a brand new home.

As mentioned last month, there are multiple remodels and a bit of spec home activity. At the present time, there are 5 brand new homes for sale in Tahoe Donner.  That’s a great trend for Tahoe Donner housing. I believe the spring should see more building as the market continues to improve. That also says lot sales should improve accordingly.

I hope this data, presented in this form was useful to you. MLS data is available and I encourage the buyer or seller to study the data and arrive at their own conclusions before making a buy or sell decision. Contact me if you would like to discuss these results or see additional data.

Gary LaBelle                                                         Truckeehome411.com

TruckeeRealEstate@gmail.com

November 2011

The following Figure shows Tahoe Donner Single Family Home activity from Jan 2008 through Nov 2011.

The data is obtained from the Tahoe MLS published data. Note, this data is for single family homes only – contact me for data on Tahoe Donner Condos, Lot Sales or data for other Truckee or Lake Tahoe areas.

Tahoe Donner is a great area to study for market activity since it is has over 5000 homes and therefore presents a large database for meaningful statistical analysis. Home prices vary from roughly $300K to over $1.5M and ages range from brand new to over 30 years old.

Tahoe Donner Single Family Home Closings – Jan ’08 to Nov ‘11

Tahoe Donner Homes – Nov Closings

Single Family home closings in Nov ’11 were strong with 21 homes up from 20 last month and 28 the month before. Note that sales in Tahoe Donner are extremely seasonal and year to year comparisons are significant to get a valid picture of typical sales activity. Looking at the above graph, sales tend to be strong in the May-Jun to Dec period every year.

Regarding other sales, there are 8 pending, 18 contingent and 16 active contingent short sales with offers in the works. So, still a lot of sales activity in Tahoe Donner. December should be another strong month for sales.

Tahoe Donner Homes – Inventory

The number of Single Family listings was 116 listings at the end of Nov, down from 134 in Oct and 151 in Sep. When you consider we have approximately 5000 single family homes in Tahoe Donner, inventory continues to be low – 3% of the homes in TD. This low inventory is obviously a positive sign for the continued good health of the Tahoe Donner Home Market.

Tahoe Donner Homes – Days on Market (DOM)

Average Days on market (DOM) was 90 days, which has been increasing over the last few months because of lower inventory and therefore sales of homes that have been on the market for some time. The good news here is that even homes that have been on the market for some time are now moving due to lower inventory and an active market.

Tahoe Donner Single Family Home Median and Average Home Price – Jan ’08 to Nov ‘11

Tahoe Donner Homes – Average and Median Prices

Average price was $600K which is about average since Feb of 2010 which is about 18 months. The median price was $580K.One can see a decline in the 1H of 2011 to June but also an increase after June 2011. Lots like a market recovery to me!

Average Price per Sq Ft

The average price per square foot for Nov was $243.

Sold Price vs. Last Listed Price

Average sold to last list price for Sept and Nov was 95%. So, when you are buying or selling keep this average number in mind. This has been higher for the last few months which means buyers are coming in closer to asking price instead of low offers.

Tahoe Donner Number of Single Family Homes Sold vs. Sale Price Category – Jan ’10 to Nov ‘11

The above graph shows sales by price range. The winner in Nov was the $500 to $700K segment with 7 of 20 total homes sold. The $300 to $500K segment was next with 6 out of 20 homes sold. One home sold in the $700K to $900K range and a very surprising if not great 4 homes sold in the $900 to $1.2M price range. Cash buyers were out in force with 8 of 20 or 40% of sales being cash. The remaining sales used conventional financing.

The builders are coming back to Tahoe Donner – there are multiple remodels and a bit of spec home activity. At the present time, there are 6 brand new homes for sale in Tahoe Donner. That’s a great trend for Tahoe Donner housing. I believe the spring should see more building as the market continues to improve. That also says lot sales should improve accordingly.

Builders, buy your lots and start planning your spec home for the spring build! Keep your price below $900K and you’ll do fine! From the above graph we can see that $700-900K price band accounts for close to ½ the sales in Tahoe Donner. Also, the $900K to $1.2M band is showing signs of a recovery.

I hope this data, presented in this form was useful to you. MLS data is available and I encourage the buyer or seller to study the data and arrive at their own conclusions before making a buy or sell decision. Contact me if you would like to discuss these results or see additional data

Gary LaBelle

Truckeehome411.com

TruckeeRealEstate@gmail.com

November 2011

The following Figure shows Tahoe Donner Single Family Home activity from Jan 2008 through Nov 2011.

The data is obtained from the Tahoe MLS published data. Note, this data is for single family homes only – contact me for data on Tahoe Donner Condos, Lot Sales or data for other Truckee or Lake Tahoe areas.

Tahoe Donner is a great area to study for market activity since it is has over 5000 homes and therefore presents a large database for meaningful statistical analysis. Home prices vary from roughly $300K to over $1.5M and ages range from brand new to over 30 years old.

Tahoe Donner Single Family Home Closings – Jan ’08 to Nov ‘11

Tahoe Donner Homes – Nov Closings

Single Family home closings in Nov ’11 were strong with 21 homes up from 20 last month and 28 the month before. Note that sales in Tahoe Donner are extremely seasonal and year to year comparisons are significant to get a valid picture of typical sales activity. Looking at the above graph, sales tend to be strong in the May-Jun to Dec period every year.

Regarding other sales, there are 8 pending, 18 contingent and 16 active contingent short sales with offers in the works. So, still a lot of sales activity in Tahoe Donner. December should be another strong month for sales.

Tahoe Donner Homes – Inventory

The number of Single Family listings was 116 listings at the end of Nov, down from 134 in Oct and 151 in Sep. When you consider we have approximately 5000 single family homes in Tahoe Donner, inventory continues to be low – 3% of the homes in TD. This low inventory is obviously a positive sign for the continued good health of the Tahoe Donner Home Market.

Tahoe Donner Homes – Days on Market (DOM)

Average Days on market (DOM) was 90 days, which has been increasing over the last few months because of lower inventory and therefore sales of homes that have been on the market for some time. The good news here is that even homes that have been on the market for some time are now moving due to lower inventory and an active market.

Tahoe Donner Single Family Home Median and Average Home Price – Jan ’08 to Nov ‘11

Tahoe Donner Homes – Average and Median Prices

Average price was $600K which is about average since Feb of 2010 which is about 18 months. The median price was $580K.One can see a decline in the 1H of 2011 to June but also an increase after June 2011. Lots like a market recovery to me!

Average Price per Sq Ft

The average price per square foot for Nov was $243.

Sold Price vs. Last Listed Price

Average sold to last list price for Sept and Nov was 95%. So, when you are buying or selling keep this average number in mind. This has been higher for the last few months which means buyers are coming in closer to asking price instead of low offers.

Tahoe Donner Number of Single Family Homes Sold vs. Sale Price Category – Jan ’10 to Nov ‘11

The above graph shows sales by price range. The winner in Nov was the $500 to $700K segment with 7 of 20 total homes sold. The $300 to $500K segment was next with 6 out of 20 homes sold. One home sold in the $700K to $900K range and a very surprising if not great 4 homes sold in the $900 to $1.2M price range. Cash buyers were out in force with 8 of 20 or 40% of sales being cash. The remaining sales used conventional financing.

The builders are coming back to Tahoe Donner – there are multiple remodels and a bit of spec home activity. At the present time, there are 6 brand new homes for sale in Tahoe Donner. That’s a great trend for Tahoe Donner housing. I believe the spring should see more building as the market continues to improve. That also says lot sales should improve accordingly.

Builders, buy your lots and start planning your spec home for the spring build! Keep your price below $900K and you’ll do fine! From the above graph we can see that $700-900K price band accounts for close to ½ the sales in Tahoe Donner. Also, the $900K to $1.2M band is showing signs of a recovery.

I hope this data, presented in this form was useful to you. MLS data is available and I encourage the buyer or seller to study the data and arrive at their own conclusions before making a buy or sell decision. Contact me if you would like to discuss these results or see additional data

Gary LaBelle

Truckeehome411.com

TruckeeRealEstate@gmail.com

All residences feature a two-car garage. Home Run is designed to achieve a LEED Certification Standard as designated by the U.S. Greenbuilding Council, in recognition of the on-going commitment to the environment.

Owners of Home Run will enjoy memberships in The Highlands Spa at The Ritz-Carlton and Tahoe Mountain Club, providing a remarkable collection of all season amenities in the Lake Tahoe area.

Gary LaBelle 530.448.1100

This is a very convenient link to see new listings within hours as they are added to the MLS.  Bookmark this link to be able to check new listings with one click!

http://www.truckeehome411.com/buyers-sellers/hot-new-listings/

Call or email me if you want more information about any of these properties or wish to schedule a tour of one or more of the homes.

Gary LaBelle, 530-448-1100, truckeerealestate@gmail.com