We get questions all the time about the availability of mortgage money. The bottom line is if you have 20% down, stable employment and decent credit funds are available for primary and second homes. Here is a synopsis of current rates by a primary lender.

The Market Monitor

February 3, 2010

Re: Truckee Area Real Estate Market

Dear Client;

Market Overview

The market continues to be very vibrant and the residential inventory is very low. Northstar, Tahoe Donner, Truckee and Squaw Valley were very active. The strong market of 2009 has continued into 2010.

Tahoe Donner

There were 25 homes. There are only 97 homes currently for sale in Tahoe Donner

Lahontan/Martis Camp/Timilick

There were 2 home sales in Lahontan.

Old Greenwood/Grays Crossing

There were 4 home sales in Grays Crossing.

Northstar

There were 17 home and condo sales. Northstar has been on fire.

Glenshire/Sierra Meadows/Prosser/Donner Lake

There were 42 home sales. That is a very active market for January.

Squaw Valley / Alpine Meadows

There were 11 sales in Squaw.

If you would like more detailed information or specific information related to your property, please do not hesitate to call.

If you know anyone that we can assist to become an owner in our beautiful area and be one of your neighbors, please let us know. If there is anything we can do to help you with your business, we would like to know.

Thank you for your support and referrals.

Sincerely,

Bob and Nancy

The Davis Yoder Realty Group                                                                  

Keller Williams Boice Realty

www.truckeeinfo.com

ryoder@truckeeinfo.com

530-550-5175

The Market Monitor

January 6, 2010

 Truckee Area Real Estate Market

 Market Overview

 Sales were up substantially in 2009. The last quarter of the year experienced very high sales volume with some months achieving new record high sales numbers. Prices in general were lower. Land was very slow for the year with volume also picking up in the last quarter especially in areas where the prices had dropped dramatically.

 In the Truckee area there were 64 lot sales in 2009 vs 102 in 2008.

 Tahoe Donner

 There were 25 residential sales in December which is a record high for that month. Residential closed sales were up 24% over 2008, 2007 and 2006.

 Lahontan/Martis Camp/Timilick

 There was 1 condo and 1 home sale in Timilick in December. There were 11 home sales in Lahontan in 2008 and 2009.

 Old Greenwood/Grays Crossing

 There was 1 home sale in Grays in December. There were 25 sales in 2009 vs 16 in 2008.

 Northstar

 There were 4 condo and 2 home sales in December. There were 75 sales in 2009 vs 72 in 2008.

 Glenshire/Sierra Meadows/Prosser/Donner Lake

 There were 32 sales in December and the median asking price was $359,000. There were 191 sales in 2009 vs 154 in 2008.

 Squaw Valley / Alpine Meadows

 There were 13 condo sales in Squaw and 2 home sales in Alpine. The condo prices are down dramatically in Squaw and the buyers are out taking advantage. There were 26 sales in Squaw in 2009 vs 40 in 2008. In Alpine there were 20 in 2009 vs 15 in 2008.

The Market Monitor

December 4, 2009

Re: Truckee Area Real Estate Market

Dear Client;

Market Overview

Holy mackerel Batman can you say hot chili. This market just continues to roll. This could be the biggest November since we started keeping monthly market stats in 1992. Multiple offers, all price ranges, lots of cash deals and in multiple areas. The buyer snowball is rolling and the great deals are disappearing.

Tahoe Donner

There were 44 home sales holy wow! No lot sales, sellers are still keeping their asking prices up.

Lahontan/Martis Camp/Timilick

There were two home sales in Lahontan and 2 in Timilick. There was 1 lot sale in Lahontan, 2 in Martis and 1 in Timilick

Old Greenwood/Grays Crossing

There was one home sale in Grays and several fractional sales in Old Greenwood under $80,000 sales price. There were 5 lot sales in Grays and 1 in Old Greenwood,

Northstar

There were 5 home sales.

Glenshire/Sierra Meadows/Prosser/Donner Lake

There were 44 residential sales with a median price of $370,000. Affordability is back with great prices and great interest rates. Short sales accounted for 50% of the sales in this area.

Squaw Valley / Alpine Meadows

There were 8 condo sales in Squaw and 4 home sales in Alpine Meadows.

If you would like more detailed information or specific information related to your property, please do not hesitate to call.

If you know anyone that we can assist to become an owner in our beautiful area and be one of your neighbors, please let us know. If there is anything we can do to help you with your business, we would like to know.

Thank you for your support and referrals.

Sincerely,

Bob and Nancy

The Davis ♦ Yoder Realty Group                                                                  

Keller Williams Boice Realty

www.truckeeinfo.com

ryoder@truckeeinfo.com

530-550-5175

The Truckee real estate market is on fire. There have been 76 sales in the last 2 weeks. These sales cover all the areas and are widespread through the price ranges. Check out these numbers for Tahoe Donner Real Estate sales:

Tahoe Donner (Aug thru Nov)

2003 146

2004 159

2005 80

2006 72

2007 79

2008 72

2009 143

That pretty much sales it all. The Truckee real estate market is on fire!

Unfortunately as bad as this is for the economy, it is what we need to get the housing market healthy. There simply were too many homes built 2004 to 2006 and we need real low production for awhile to get back into balance.

Housing starts and building permits

Housing starts were supposed to edge up to 600,000 units (annualized) in October, but instead they cratered 10.6% MoM to 529,000 units in the worst decline since the depths of despair last January; the level is at the lowest since April when the ‘shoots’ were still green (instead of brown).

Both single-family (-6.8% MoM) and multi-family (-34.6% MoM) starts were lower, but no doubt we will hear from economists that this plunge was before the announcement of the extension and expansion of the government tax credits for first-time and now trade-up buyers. But it is nice to know what the economy in general and housing in particular look like when the fiscal taps aren’t running at full tilt — it’s not a pretty picture. The tax credits for homeownership are not a win-win because they lure people out of rental units — so we now have a situation where multiple unit construction in October fell to a RECORD low of just 53,000 units at an annual rate (unreal).

The fact that permits also dropped 4% MoM (second decline in a row) and the soft 17 print on the NAHB housing market index (see below) for November suggest that the housing rebound was nothing more than a six-month deal. Even the home-buying intentions components of the consumer confidence surveys are signaling this. As an aside, if sales do not pickup, then we will likely see the inventory backdrop worsen again and prices deteriorate because what stood out in the data was the 10.7% surge in single-family completions — the largest increase in over a year and the highest level since April.

The market has been on fire the last two months, lots of pent up demand and buyers taking advantage of the first time buyer tax credit. Looks like a bit of a lull now.

Mortgage Applications

Mortgage applications came out for the November 13th week and were shockingly weak in view of the just-announced expansion of the government stimulus, which was announced at the end of October! Applications were down 2.5% but the really disturbing news was the 4.7% slide in the applications for new purchases, which is on top of the 11.7% plunge the week before — down 15% from last year’s depressed levels and the lowest since November 1997!

After years at the forefront of promoting backcountry skiing through classes and guided tours around

the world, ASI is now combining their mountaineering know-how with Sugar Bowl’s recognition that

core customers want to ski the whole mountain, not just under the lifts.

It is all part of the progression envisioned by Bela and Mimi Vadasz when they founded ASI 30 years

ago. What set them apart from other guide services in the ‘80s was their emphasis on ski

mountaineering. As a result, ASI taught backcountry skiing while most American guiding outfits took

the attitude that skiing was for skiers, not mountaineers. Except back then it wasn’t called

backcountry skiing. It was called ski mountaineering, or ski alpinism and only skiers crazy enough to

ski the Grand Teton, like Bill Briggs, or Denali, like Sylvan Saudan, engaged in such reckless

behavior. Or so it seems in retrospect.

By the mid-‘90s, Sugar Bowl had felt the presence of backcountry skiers, thanks in part to the

proximity of ASI. Right next door to Sugar Bowl, Bela and Mimi regularly taught backpackers and

climbers the thrills of making fresh tracks on the east face of Mt. Judah, which also happened to be

the eastern border of Sugar Bowl’s lift-accessed playground.

The relationship between backcountry skiers and Sugar Bowl has a history of disputes, but on the

whole Sugar Bowl has maintained a backcountry-friendly attitude. Access from the resort has

remained open except during rare days with high avalanche danger, but they have never restricted

pure backcountry access.

John Monson, Sugar Bowl’s marketing director says, “With Sugar Bowl’s impressive sidecountry

terrain and improved access via the new summit chair, there’s an elevated need for programs aimed at

educating skiers and riders on safe backcountry travel. The new Backcountry Adventure Center will

deliver just that, as well as some great powder skiing, of course. ASI is the perfect partner to run the

show, having intimate knowledge of Sugar Bowl’s terrain beyond the ropes, a proven track record of

successful programs, and a professional staff of guides focused on the guest’s experience.”

In the past decade there has been progressive acceptance of open boundaries throughout American ski

resorts. With this partnering, Sugar Bowl is saying backcountry skiing is not just allowed, it is an

integral part of the services they provide.

To celebrate this development and to kick off the upcoming season, ASI and Sugar Bowl will be

hosting a Backcountry Ball at The Lodge at Sugar Bowl Resort on Saturday Nov. 21, from 5 to 10

p.m. The Crawlers will be playing live at the ball, with a Hutte-style buffet, a cash bar, and prizes.

Tickets are $15 – $5 of which will go to support the Sierra Avalanche Center – and are available via

or pick ‘em up at The Back Country shop in Truckee.