Homes are selling in Tahoe Donner!
4 homes & 1 condo went under contract this week. All were listed in the $300-$700 range.
1 home sold in Tahoe Donner this past week. It was on the market for about 7 months and was sold as a short sale. It was listed for $299K and sold for $353K.
1 new condo came on the market in Tahoe Donner this week. There are currently 128 active single family homes and 26 active condos listed in Tahoe Donner. The number of homes listed is lower than it has been in quite awhile (it has been right around 140-160 for the past 9 months or so). There is now a total of
12 homes under contract. The absorption rate in Tahoe Donner is around 9% (one of the highest numbers we’ve seen in awhile) and there is about 10 1/2 months of inventory remaining.
The following is a sales chart showing activity in the Truckee area for the week of December 28, 2008 - January 4, 2008. The information was taken from our local multiple listing service.
| AREA |
Current homes/ condos |
Low |
High |
Avg. |
Avg. days listed |
SFR Pend-ing |
Sold SFR |
| Tahoe Donner |
128 |
26 |
$375K |
$3,465K |
$978,753 |
159 |
12 |
1 |
| Sierra Meadows/ Prosser |
33 |
1 |
$269K |
$4.5 mil. |
$892,851 |
115 |
2 |
0 |
| Lahanton |
25 |
0 |
$1,529K |
$7,950K |
$2,997,279 |
239 |
1 |
0 |
| Gray’s Crossing/ Old Green. |
30 |
1 |
$899K |
$3,995K |
$1,878,500 |
190 |
1 |
0 |
| Northstar |
71 |
37 |
$749K |
$4,950K |
$1,580,351 |
206 |
Sales in Tahoe Donner were a bit slower this past week due to the Christmas Holiday. It is likely that sales will pick up again due to the new snow in Truckee over the next couple weeks. 2 homes sold this past week in Tahoe Donner. 1 home was only on the market for 13 days. The other home was listed for nearly 400 days, but it sold for $100 over the final asking price. The first home sold for $610K and the other sold for $900K. The average list to sales price was 87%. 1 home that was listed for $500K went pending this week. There are now 8 homes in Tahoe Donner that are under contract. 3 new homes came on the market in Tahoe Donner this week. There are now a total of 143 active single family homes in Tahoe Donner (same number as last week). The absorption rate is around 6% and there is about 16 months of inventory remaining.
The following is a sales chart showing activity in the Truckee area for the week of December 21-28, 2008. The information was taken from our local multiple listing service.
| AREA |
Current homes/ condos |
Low |
High |
Avg. |
Avg. days listed |
SFR Pend-ing |
Sold SFR |
| Tahoe Donner |
143 |
27 |
$375K |
$3,465K |
$940,980 |
156 |
8 |
2 |
| Sierra Meadows/ Prosser |
36 |
1 |
$375,000 |
$4.5 mil. |
$882,191 |
116 |
2 |
0 |
| Lahanton |
30 |
0 |
$1,529K |
$7,950K |
$2,943,733 |
240 |
1 |
0 |
| Gray’s Crossing/ Old Green. |
31 |
1 |
$899K |
$3,995K |
$1,877,451 |
184 |
1 |
0 |
| Northstar |
38 |
72 |
$749K |
$4,950K |
$1,599,184 |
202 |
1 |
0 |
| Alpine M./ Squaw Vly. |
45 |
95 |
$545K |
$5,250K |
$1,689,988 |
175 |
1 |
0 |
| Donner Lake |
27 |
2 |
$329,900 |
$3,950K |
$1,316,555 |
204 |
1 |
0 |
| Glenshire/ Devonshire |
45 |
0 |
$279K |
$2,950K |
$756,040 |
173 |
4 |
0 |
Tahoe Donner sales have remained fairly consistent the last few months. 4 homes sold this past week in Tahoe Donner. All 4 homes were in the $400k-$900K range. The average days on market was 56 days (down from the average of 160 days last week). The average list to sales price was 93% but 3 of the homes sold for 99% of their original listed price. 3 homes went under contract. 1 of these homes was being sold as a short sale after being listed for 518 days. There are now 9 Tahoe Donner Homes under contract. 5 new homes came on the market this week and there are now a total of 143 single family active homes in Tahoe Donner. The absorption rate is around 6% and there is almost 16 months of inventory remaining.
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