If you’re searching the real estate market for Bank Foreclosures or Short Sales in the Truckee Tahoe Region, don’t let a good one pass you by. Whether you are looking in Tahoe Donner, Glenshire, or even Grays Crossing, to the North and West Shores of Lake Tahoe, we are seeing a drop in inventory of distressed property. This includes Single family Homes and Condos.
There has been about a 10% drop in total Active and Active-Contingent inventory from last month, which is no surprise at this time of year. However, the significant change is that there were approximately twice as many Real Estate Owned (REO) and Short Sale listings compared with one year ago. See below for a quick rundown.
Single Family:
- 569 total Active/Active-Contingent listings
(Down 16% from a total of 677 last month) - 73 REO/Short Sales = 13%
(Down 13% from a total of 84 a month ago)
There were 185 last year as of November 1st! - 9 REO
(Down 36% from a total of 14 last month) - 64 Short Sales, of which 80% have offers working
(Down 9% from last month)
Condos/Townhomes:
- 205 total Active/Active-Contingent listings
(Down 7% from a total of 220 a month ago) - 19 REO/Short Sales = 9%
(Down 5% from a total of 20 last month)
There were 34 last year as of 11/1! - 0 REO (there was 1 last month)
- 19 Short Sales, of which 84% have offers working
(Same number as last month)
For a complete list of REO’s and Short Sales, contact Aimee Schaller today at aimee@schallers.net or 530-550-5028. Or visit my website at www.truckeehomefinder.com
