Tahoe Donner Weekly Real Estate Update

 Sales in Tahoe Donner continue to be strong. The inventory is the highest it has been all year with 179 single family homes listed and 39 condos listed. 5 homes and 2 condos went into escrow this week. 22 homes in Tahoe Donner are currently under contract which gives us an absorption rate of about 12%. 4 homes and 1 condo sold this past week. The lowest priced home sold for $525,000 and the highest priced home sold for $1,520,000. The average days on market for these sold homes was 217 days and the average list to sales price was 96%. There is still around 8 months of inventory in Tahoe Donner and 88% of homes listed right now are failing to sell. The homes that are priced just under market value seem to be the homes that are getting scooped up quickly. There are lots of buyers out there, they are just waiting for that perfect opportunity!