Latest news on the question many often ask…….
What are the pros and cons on Short Sale vs Foreclosure?
Over the past 6 months, prices for single family homes have increased, average prices by 25%, median prices by 5% and average price per square foot by 9%. For condos and townhomes, prices were mixed, with average prices and average price per square foot both down by 6% and 22% respectively, whereas median sales prices were up by 13%.
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Tahoe Truckee Real Estate Market Report 8/15/2013
In the Truckee and North/West Lake Tahoe area, the number of active single-family residences was up 4% over the previous month but inventory as a whole is down substantially from years past (down 32% from just 9 months ago, as of the end of October). And distressed properties (short sales and bank-owned) comprise just 1% of the current active inventory. Sales in July in this area were up 6% over June, with distressed properties comprising 7% of those sales. Most distressed properties coming on the market sell very quickly, as they are typically the lowest priced offerings.
Actives vs Solds – Truckee/North-West Lake Tahoe, CA
Active vs Solds April 2013
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