Tahoe Donner Weekly Market Update

The inventory in Tahoe Donner is the highest it has been in awhile. There are currently 170 single family homes listed. There were 8 new homes that came on the market this week and no new condo listings. There are 19 homes pending (same number as last week but some are different properties). One house was a bank owned property that was listed at $430,000, and then reduced to $400k this week, and went pending shortly thereafter. 5 homes sold since last week with the lowest selling at $365,000 and the highest selling at $1,850,000. It continues to be a buyers market with lots of inventory to chose from. I heard good news this week for Tahoe Donner-while many other neighborhoods in the area are marked “declining market” by loan officers, Tahoe Donner is one of the few that is not considered a declining market.