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.

Tahoe Donner Weekly Market Update

Lots of activity again this week in Tahoe Donner! 5 homes and 2 condos sold this week. All of the homes that sold this week were in the $500K-$700K range. The average list to sales price was 95% and the average days on market was 42 days (the lowest number of days on market we have seen in quite awhile!). 6 homes went into contract this week. These homes varied in price with 2 homes in the $300K range, 2 homes around $600K, and 2 homes right around $1.2 million. There are currently 22 homes in escrow in Tahoe Donner which gives the market an absorption rate of 12%. Not bad considering this “slow” market. There are still 183 single family homes, 38 condos, and 10 fractionals on the market in Tahoe Donner. This is the highest number of properties listed that we have seen all year. For single family homes alone, there is just over 8 months of inventory. Tahoe Donner continues to be a great place to purchase property. Homes hold their value well here compared to other parts of Truckee, and with all the inventory there right now, prices for homes listed are quite competitive!