Sales have slowed down a bit in the Tahoe Donner market this past week, but there is still some activity. 2 homes sold this past week in Tahoe Donner. One home sold for full price at $616,000 and was listed for only 29 days. The other home was originally listed for $824,000 and sold for $799,000. This one was on the market for 87 days. 5 new homes went under contract this last week - 3 in the $400K range, 1 in the $700K range, and 1 over $1 million. There are now 13 homes under contract in Tahoe Donner. For new listings this week - 4 homes, 2 condos and one shared ownership came on the market. There are currently 159 single family homes listed in Tahoe Donner and 24 condos. This puts the absorption rate at about 8% and there is about 1 year of inventory remaining.
The following is a chart showing sales in Truckee for the past week. The information was taken from the Tahoe Sierra Board of Realtors and reflects data for November 9 - 16, 2008.
| AREA |
Current homes/ condos |
Low |
High |
Avg. |
Avg. days listed |
SFR Pend-ing |
Sold SFR |
| Tahoe Donner |
159 |
24 |
$359,900 |
$4.2 mil. |
$975,931 |
141 |
13 |
2 |
| Sierra Meadows/ Prosser |
41 |
1 |
$339,500 |
$4.5 mil. |
$812,170 |
126 |
7 |
0 |
| Lahanton |
31 |
0 |
$1,549K |
$7,950K |
$2,968,193 |
239 |
0 |
0 |
| Gray’s Crossing/ Old Green. |
36 |
5 |
$899K |
$3,995K |
$1,877,250 |
149 |
1 |
0 |
| Northstar |
36 |
67 |
$749K |
$4,950K |
$1,511K |
196 |
1 |
0 |
| Alpine M./ Squaw Vly. |
44 |
84 |
$560K |
$5,250K |
$1,726,647 |
164 |
3 |
0 |
| Donner Lake |
28 |
3 |
$329,900 |
$3,950K |
$1,176,421 |
189 |
0 |
0 |
| Glenshire/ Devonshire |
58 |
0 |
$275K |
$2,950K |
$734,077 |
138 |
5 |
0 |
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.
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 |
|
$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 |
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.
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