Tahoe Donner Weekly Market Update

The sales are still happening in Tahoe Donner. 5 homes went into escrow during the week of October 19-26, 2008. 3 were in the $400K-$500K range, and 2 were over $1.3 million. There are now 20 homes in Tahoe Donner that are under contract. 6 new homes and 1 new condo came on the market this past week to make a total of 163 active single family homes. 4 homes sold this week – 1 for $425K, $480K, $610K, and 1 for $730K. The average list to sales price was 96% (up from last week’s 95%) and the average days on market was 74 days (compared to last week’s 97 days). The absorption rate is currently 12% (last week it was at 15%) and there is still around 8 months of inventory remaining.