Squaw Valley / Olympic Valley, California Real Estate Market Report - 3rd Quarter 2011

By
Real Estate Agent with Coldwell Banker, Tahoe City, CA (530) 414-1260 Cal BRE# 01473598

Squaw Valley / Olympic Valley, California Real Estate Market Report - 3rd Quarter 2011

Squaw Valley / Olympic Valley, California Real Estate Market Report

The Squaw Valley / Olympic Valley, California single family homes sales have bounced back in price up + 45.8%, but will fall short of the 21 homes sold in 2010.  Cash sale transactions have increased in 2011 to more than 50% of all sales, and the number of homes going into escrow with in the first 30 days of being listed in the Tahoe Sierra Multiple Listing Service (TSMLS) has increased to 1 in every 4 sales.  Distress sales (bank foreclosures- real estate owned (REO’s) and short sales) have more than doubled in 2011.

Sold Single Family Homes in Squaw Valley / Olympic Valley, California:

 

 

Year

 

Homes

Sold

Median Average Sales Price

 

Lowest

Price Sold

 

Highest

Price Sold

 

% Cash

Transactions

Homes into escrow with in 30 days of being

listed in  TSMLS

%  Distressed

Sales

Breakdown of distressed

Sales

2011*

12

$1,312,500

$335,000

$3,375,000

58%

25%

1 out of 4

50%

2 REO’s

4 Short Sales

2010

21

$900,000

$250,000

$4,850,000

43%

20%

1 out of 5

24%

4 REO’s

1 Short Sale

*YTD period is 01/01/2011 – 09/30/2011.   * Active listing totals do not include "active-contingent" listings.

The Squaw Valley / Olympic Valley, California condominium /townhouse real estate market has also turned positive with a small, but positive gain in price of +2.83%, and is on track to meet, or exceed the 50 units sold in 2010.  Cash sale transactions have increased in 2011, to 91% of all sales, and the number of condo/townhomes going into escrow with in the first 30 days of being listed in the Tahoe Sierra Multiple Listing Service (TSMLS) has stayed steady at 44% or just short of 1 out of every 2 sales.  Distress sales (bank foreclosures- real estate owned (REO’s) and short sales) have dropped  to 28% of all sales.

Sold Condominium / Townhome in Squaw Valley / Olympic Valley, California:

 

 

Year

 

Homes

Sold

Median Average Sales Price

 

Lowest

Price Sold

 

Highest

Price Sold

 

% Cash

Transactions

Condos / Townhomes into escrow with in 30 days of being

listed in TSMLS

%  Distressed

Sales

Breakdown of distressed

Sales

2011*

43

$400,000

$139,500

$3,800,000

91%

44%

1 out of 2

28%

3 REO’s

9 Short Sales

2010

50

$389,000

$115,000

$1,300,000

86%

44%

1 out of 2

38%

12 REO’s

7 Short Sales

*YTD period is 01/01/2011 – 09/30/2011.  * Active listing totals do not include "active-contingent" listings.

There were 23 Active – available homes for sale in Squaw Valley /Olympic Valley area as of 10/28/2011.  They range in price from $485,000 to $4.9 million.  Of the 23 offered for sale, 2 are short sales and there are no REO listings.  There are three sales pending in this high-end luxury home sales market ranging in listed price from $800,000 to $4.9 million.

To see a list of all active homes for sale in Squaw Valley / Olympic Valley click here!

There were 44 Active – available condominium / townhomes for sale in the Squaw Valley /Olympic Valley area as of 10/28/2011.  They range in price from $485,000 to $4.9 million.  Of the 44 offered for sale, 6 are short sales and there are no REO listings.  There are eleven  condo sales pending in this ski resort community ranging in listed price from $139,000 to $895,000.

To see a list of all active condominium / townhomes for sale in Squaw Valley / Olympic Valley click here!

If you'd like more Lake Tahoe - Truckee real estate information on other neighborhoods, check out my most recent newsletter

For all of your Tahoe real estate needs - Laura Allen, Broker Associate, REALTOR®, CRS, ABR®, RSPS, ePRO, DRE# 01473598, 530.414.1260, www.TahoeLauraLuxuryHomes.com  Laura@TahoeLaura.com, Coldwell Banker Residential Brokerage, Tahoe City, California

Note:  Year-to-date summaries are based on information from the Tahoe Sierra Board of Realtors (TSMLS).  Due to TSMLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate.  Therefore, Laura Allen, or Coldwell Banker Residential Brokerage does not guarantee the data’s accuracy.  Data maintained by the TMLS's may not reflect all real estate activity in the market. All information is deemed to be reliable, but is subject to change and/or correction without prior notice.  Data Source – Tahoe Sierra Multiple Listing Service (TSMLS).  If your property is currently listed for sale, or you have an active Buyer Representation Agreement, this is not intended as a solicitation.

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Rainer
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Craig Cooper
Chase International Real Estate - Tahoe City, CA
Realtor - CRS, ABR, RSPS, ASP

Interesting stats Laura, thanks for the information.

October 30, 2011 02:48 AM #1
Rainmaker
671,310
Sharon Paxson
HÔM Sotheby's International Realty, BRE License 01501912 - Newport Beach, CA
Newport Beach Real Estate - HOM Sotheby's Int'l Re

HI Laura - great market report, and good to see that the median price is increasing in your area. I have been doing some detailed reports and noticing the same thing. The distressed property statistics are up however, but still a great time to buy.

October 30, 2011 12:12 PM #2
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Rainmaker
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Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com

Tahoe Real Estate Agent Helping Buyers and Sellers
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