Tahoe Donner Weekly Market Update

Home sales have remained fairly consistent in Tahoe Donner. 2 homes sold this past week (March 1-7, 2009). 1 was a short sale that was originally listed for $1,199,000 and sold for $795k. The other was originally listed for $429k and sold for $370k. The average days on market was 206 days and the average original list to sales price was 76%. 2 homes went pending in Tahoe Donner this week – 1 in the $400k range and 1 in the $500k range. There are now 19 Tahoe Donner Homes under contract.  6 new homes and 2 condos came on the market this week. There are now 131 active single family homes and 27 condos listed in Tahoe Donner. The absorption rate is around 14.5% and there nearly 7 months of inventory remaining. Click on the links for current listed Short Sales in Tahoe Donner and Tahoe Donner REOs.

Truckee Real Estate Weekly Sales Stats

Here is a chart showing the sales activity in Truckee for this past week. The information was taken from our local multiple listing service and is for the dates of March 1-7. 2009.

AREA	Current homes/ condos		# Shrt Sals	# REO	Low	High	Avg.	Avg. days listed	SFR Pend-ing	Sold SFR
Tahoe Donner	130	27	10	2	$315K	$2,300K	$888,354	141	20	2
Sierra Meadows/ Prosser	33	1	4	2	$339,900	$4.5 mil.	$846,687	153	3	1
Lahanton	28	0	0	0	$1,499K	$7,950K	$2,714,321	225	0	0
Gray’s Crossing/ Old Green.	28	2	2	1	$700K	$3,995K	$1,832,571	223	2	1
Northstar	39	86	0	0	$699K	$3,400K	$1,393,769	229	2	1
Alpine M./ Squaw Vly.	47	111	0	0	$539K	$4,900K	$1,683,883	208	0	0
Donner Lake	28	7	2	0	$319,900	$3,950K	$1,221,707	170	1	0
Glenshire/ Devonshire	44	0	14	2	$295K	$2,950K	$701,218	206	4	0

Defensible Space Checklist

Living in a high risk fire area here in Truckee, it is important to know about defensible space. Homeowners can receive a fine if they do not properly prepare their homes and provide defensible space to help protect the home in case of a fire. The checklist below explains exactly what is required of homeowners to provide adequate clearance around their home. Click on the images below for enlarged versions of these checklists and more information about defensible space.

Tahoe Donner Active & Sold Homes February 2009

These charts break down the active listings and sold listings for single family homes in Tahoe Donner for the month of February 2009. The first chart shows the price banding for active homes in Tahoe Donner (130 total). The second chart shows the sold properties in Tahoe Donner by price band (12 total homes sold). Last month we saw most of the activity in the $500k and under price range. This month there is a bit more activity in the $700k – $1 million price range. Click on the images below to see an enlarged version of the charts.

Homebuyer Tax Credit

There are 2 new tax credits being introduced in 2009. Here is a chart showing features of the new Homebuyer Tax Credit in California and the Federal Tax Credit. The chart compares the two and describes benefits of the credits. Click on the image below for an enlarged version and more information about this new tax credit.
 

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