Tahoe Donner Weekly Market Update

Lots of activity again this week in Tahoe Donner. We have seen quite a few price reductions in the past few weeks as sellers are trying to take advantage of the last couple busy weekends of the summer. There were 27 price reductions on listed properties in Tahoe Donner this week! 4 single family homes and 2 condos went into escrow this week. There are now 23 homes and 2 condos in escrow in Tahoe Donner. Of the homes that went pending, 2 of them were listed over $1.2 million. 3 homes and 2 condos sold this week. The lowest home sold for $407,000 and the highest sold for $690,000. The average list to sales price for these homes was 98%. 9 new homes came on the market this week in Tahoe Donner. These ranged in price from $359,900 to $1,299,950. There are currently 183 homes listed in Tahoe Donner. The market absorption rate is currently 12.5% and there is about 8 months of inventory remaining.