Laura Allen | 530.414.1260 Broker Associate, CRS Tahoe REALTOR®, Tahoe-Truckee Area, CalBRE#01473598

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Grays Crossing Homes for Sale Market Report

Gray's Crossing Homes for Sale Market Report – Year End 2016

It’s that time of year to review how the Gray's Crossing luxury golf community in Truckee, California real estate market has performed for the year 2016.

Here is the Gray's Crossing homes for sale Market Report for the January 1, 2016 through December 31, 2016 time period.

Gray's Crossing Homes Sold Market Report – Year End 2016:

Sold Sales: The Gray's Crossing area had 18 single family homes sold for the 2016 year (posted sales in our local Multiple Listing Service MLS).

The Gray's Crossing single family home sales price increased slightly in 2016 with the average median homes sales price at $1,355,000.

The median average days on market was 137 DOM.

Cash Sale Transactions: The number of cash sale transactions for the Gray's Crossing neighborhood for 2016 remained steady at 44%, which is just short of 1 out of every 2 home sold in the Gray's Crossing area was a cash buyer. 

Distress Sales: Distress sellers (bank foreclosures- Real Estate Owned (REO’s) and short sales) were zero (0) for homes sold in 2016.

This is below the normal range, which is typically 1-5% of sales falling into the distressed sales category. 

Active Homes for Sale: There were nine (9) Active– available homes for sale in the Gray's Crossing area as of 02/24/2017. They ranged in price from $739,000 to $995,000.

The current inventory levels for the Agate Bay area are extremely limited. Neither of the two (2) home listed for sale are distress sales - not a short sales, not REO (Bank Foreclosures), or court approval sale.

Pending Home Sales:There are three (3) pending home sales in Gray's Crossing as of 02/24/2017. The homes range in listed price from $849,000 to $1,195,000

Grays Crossing Homes for Sale Market Report Data Chart 2016
 

Gray's Crossing Homes for Sale Market Report Summary - Multiple Years:

Year

Homes

Sold

Median Average Sales Price

Lowest

Price Sold

Highest

Price Sold

%

Cash

Transactions

% Distressed

Sales

Breakdown

of distressed

Sales

2016*

18

$1,355,000

$908,000

$1,735,000

44%

0%

0 REO’s

0 Short Sales

2015

7

$1,340,000

$1,135,000

$1,445,000

43%

0%

0 REO’s

0 Short Sales

2014

12

$1,318,000

$774,500

$1,550,000

42%

8.3%

0 REO’s

1 Short Sales

2013

9

$1,000,000

$785,000

1,820,000

33%

11%

0 REO’s

1 Short Sales

2012

5

$920,000

$814,000

$1,100,000

0%

44%

0 REO’s

2 Short Sales

2011

5

$775,000

$675,300

$800.000

60%

80%

2 REO’s

2 Short Sales

2010

14

$953,200

$640,000

$1,326,750

1 Sale Listed at $1,900,000 was not reported.

33%

57%

3 REO’s

5 Short Sale

2009

3

$1,200,000

$544,000

$1,250,000

67%

100%

1 REO’s

2 Short Sale

2008

0

$ NA

$ NA

$ NA

NA%

NA%

0 REO’s

0 Short Sale

2007

1

$1,735,000

$1,735,000

$1,735,000

0%

0%

0 REO’s

0 Short Sale

2006

1

$1,625,000

$1,625,000

$1,625,000

0%

0%

0 REO’s

0 Short Sale

 
 
REO's = Real Estate Owned, which is the name banks use for their bank foreclosed properties.
Short Sales = Owner does not have the money to pay off all of the debt and asks the debt holders to take less back in order to close the sale.

*YTD period is 01/01/2016 – 12/31/2016.

Use caution when only a handful of sales are available in a neighborhood. The percent changes can be significant and numbers are easily moved in either direction

Data Source: Tahoe Sierra Multiple Listing Service (TSMLS).
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, modification, and/or correction without prior notice. If your property is currently listed for sale, or you have an active Buyer Representation Agreement, this is not intended as a solicitation.

If you’d like more information on the Agate Bay area, or would like to know
Want to check out what is currently for sale?
 
 
  
 
 

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Overview and summary of this complex completed by:
BROKER ASSOCIATE, Tahoe Real Estate Agent, Tahoe REALTOR®,
Cal BRE# 01473598
All information is deemed reliable, but is subject to change, and/or correction without notice. Buyers and Sellers should investigate and verify all information to their own satisfaction.