Tahoe Donner Weekly Market Update

5 homes in Tahoe Donner sold this past week. 2 were in the $500K-$600K range and the other 3 were over $1.2 million. The average days on market was 127 days and the average list to sales price was 90%. The average sold price was $1,032,100. 5 homes went pending this week – 1 in the $400K range, 3 in the $700K range, and 1 over $1 million. 1 of these properties was a bank owned property, and 1 property was only on the market 6 days before it went under contract. There are now 14 homes that are under contract in Tahoe Donner. 9 new homes and 4 condos came on the market in Tahoe Donner this week. There are now 161 single family homes listed and 24 condos. The absorption rate is currently at about 9% and there is almost a year’s worth of inventory remaining.

Weekly Sales Graph for Truckee Area

Here is a graph showing sales for the past week in the Truckee area. The information was taken from our Tahoe Sierra Multiple Listing Service and the data is for sales from November 2 – November 9, 2008.

AREA	Current homes/ condos		Low	High	Avg.	Avg. days listed	SFR Pend-ing	Sold SFR
Tahoe Donner	161	24	$359K	$4.2 mil.	$968,990	136	14	5
Sierra Meadows/ Prosser	43	1	$339K	$4.5 mil.	$759,311	128	6	0
Lahanton	31	0	$1,549K	$7,950K	$3,063,612	247	0	0
Gray’s Crossing/ Old Green.	36	5	$899K	$3,995K	$1,879,194	143	1	0
Northstar	36	66	$749K	$4,950K	$1,514,777	202	1	0
Alpine M./ Squaw Vly.	46	85	$560K	$5,250K	$1,711,358	160	2	0
Donner Lake	29	3	$329,900	$3,950K	$1,161,920	182	0	0
Glenshire/ Devonshire	59	0	$275K	$2,950K	$745,577	143	5	0

Foreclosures & REOs in Truckee

Although the Tahoe Truckee area has not been hit too hard with the number of foreclosures, there are some properties in town that are bank owned. The following links are a few of the homes that pull up under “bank-owned” in our MLS. REO means Real Estate Owned and this means the house has already been foreclosed on and is now in possession of the bank.

Glenshire REO
Tahoe Donner REO
Winter Creek REO
Prosser Lakeview Estates REO
Old Greenwood REO

Tahoe Donner Weekly Market Update

The sales activity in Tahoe Donner has continued this past week. 2 homes and 1 condo went into escrow. The condo was listed for $435K, 1 home was listed for $616K, and 1 was listed for $369K. There are currently 16 homes and 2 condos under contract in Tahoe Donner. There were quite a few new listings this past week – 10 new homes and 2 new condo listings. All new listing were in the $400K-$900K range. There are currently 162 single family homes listed in Tahoe Donner. 5 homes sold this week – 1 for $490K, 1 for $515K, 1 for $610K, 1 for $690K, and 1 for $765K. The average days on market was 51 days (down significantly from past months) and the average list to sales price was 96%. The absorption rate is now around 10% and there is about 10 months of inventory remaining.

Truckee Weekly Sales Graph

Here is a graph for weekly sales in the Truckee area. The information was taken from our Tahoe Sierra Multiple Listing Service and the data is for sales from October 26 – November 2, 2008.

AREA	Current homes/ condos		Low	High	Avg.	Avg. days listed	SFR Pend-ing	Sold SFR
Tahoe Donner	162	22	$359,900	$4,200K	$972,187	132	16	5
Sierra Meadows/ Prosser	47	1	$330K	$4,500K	$792,731	120	4	1
Lahanton	31	0	$1,549K	$7,950K	$3,162,951	266	0	0
Gray’s Crossing/ Old Green.	32	5	$899K	$3,995K	$1,860,187	148	2	0
Northstar	37	64	$749K	$4,950K	$1,545,702	198	1	1
Alpine M./ Squaw Vly.	45	87	$560K	$4,900K	$1,648,833	185	2	1
Donner Lake	29	3	$329,900	$3,950K	$1,185,717	168	0	0
Glenshire/ Devonshire	59	0	$275K	$2,499K	$739,120	140	5	3

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