Tahoe Donner Weekly Market Update

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.