Tahoe Donner Real Estate Sales Information – June

Today, June 1, 2010, there are 118 homes available or for sale in Tahoe Donner. Furthermore, 99 of the homes offered for sale are standard sales, 14 of the available homes are offered as short sales and 5 REO’s,(Bank owned properties). Also, 15 single family homes are currently in escrow or pending sale. There are 8 short sales pending bank approval. Moreover, pending sales range in price from $265,000 to $1,250,000.

Some perspective to Tahoe Donner market conditions: Tahoe Donner had a total of 225 homes close escrow in 2009 compared to 2008 in which 193 sales were consummated. Year to date 75 homes have closed escrow compared to last year during the same period, were 66 homes had closed escrow, a 12% improvement.

Home site sales continue to disappoint with 42 home sites available, currently 2 home sites are in escrow or pending sale and 9 home sites have closed escrow in 2010. Currently, the pricing for available home sites run from a low of $89,000 to a high of $525,000.

Memorial Day weekend typically kicks off the cabin buying season, so here we go! Did you know on average 65% of all sales consummate in the second half of the year in Tahoe Donner.