Tahoe Donner Weekly Market Update

Home sales have remained fairly consistent in Tahoe Donner. 2 homes sold this past week (March 1-7, 2009). 1 was a short sale that was originally listed for $1,199,000 and sold for $795k. The other was originally listed for $429k and sold for $370k. The average days on market was 206 days and the average original list to sales price was 76%. 2 homes went pending in Tahoe Donner this week – 1 in the $400k range and 1 in the $500k range. There are now 19 Tahoe Donner Homes under contract.  6 new homes and 2 condos came on the market this week. There are now 131 active single family homes and 27 condos listed in Tahoe Donner. The absorption rate is around 14.5% and there nearly 7 months of inventory remaining. Click on the links for current listed Short Sales in Tahoe Donner and Tahoe Donner REOs.