Tahoe Donner Real Estate Sales Information – July

Today, July 7, 2010, there are 156 homes available or for sale in Tahoe Donner. Furthermore, 132 of the homes offered for sale are standard sales, 18 of the available homes are offered as short sales and 6 REO’s, (Bank owned properties).  Also, 15 single family homes are currently in escrow or pending sale. There are 10 short sales pending bank approval. Moreover, pending sales range in price from $384,900 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 91 homes have closed escrow compared to last year during the same period, were 85 homes had closed escrow, a 7% improvement.

Home site sales continue to disappoint with 52 home sites available, currently 1 home sites are in escrow or pending sale and 14 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.

Hope you all had a wonderful July 4th holiday!  Did you know on average 65% of all Tahoe Donner sales consummate in the second half of the year!

Sales Statistics
for NEVADA County CA
Realist’s most recent sale date for this county is 06/28/2010
Single Family Residence
Time Period

Number of Sales

Median Sale Price

May 2010

107

$275,000

May 2009

95

$345,000

Apr 2010

97

$288,000

Apr 2009

113

$304,000

2010 YTD

590

$290,000

2009

1,295

$328,500

Condominium
Time Period

Number of Sales

Median Sale Price

May 2010

8

$299,750

May 2009

6

$367,500

Apr 2010

11

$315,000

Apr 2009

9

$225,000

2010 YTD

53

$325,500

2009
Imagine going on a job interview looking shabby, or trying to sell your car for a good price when it’s filthy and loaded with stuff. In a competitive market, you wouldn’t do well.

The same can be said about selling your home. If it looks neglected and in need of work, some buyers won’t even take a look. This is particularly the case in today’s market where, in many parts of the country, there are far more homeowners anxious to sell than there are buyers interested in buying.

In a business where emotions and pride of ownership play a big role, first impressions can have a lasting effect. Most buyers lack the ability to imagine what a house might look like with a different exterior paint color or a landscaped yard. When there is a lot of inventory on the market, you may have only one chance to catch a buyer’s attention. Make sure it’s not lost before he or she walks through the front door.

One of the first items on a home seller’s agenda should be a critical evaluation of how the home and yard look from the street. It’s a good idea to ask your real estate agent to help with this. Sellers often have strong emotional attachments to their homes and have difficulty seeing it objectively.

Your goal is to identify cost-effective changes you can make to your house and yard that will make it more appealing to buyers. This could be as simple as cleaning up the yard, adding colorful plants, mulching, power washing the entry walk, and washing dirt off the exterior of the house.

However, if the paint is peeling, shutters are deteriorating, the fence is leaning and the yard is a mess, you have a bigger project on your hands. You can sell a house in this condition. But, it will appeal to a limited number of buyers who are willing to tackle a fixer-upper in order to get a bargain price.

HOUSE HUNTING TIP: Your home will appeal to a larger audience and will sell more quickly and for a better price if you put the time and money into improving its curb appeal. Curb appeal refers to how your house appears from the street. Even if you’re selling a fixer-upper, it’s a good idea to do some cleanup so that buyers can perceive the potential.

You don’t need to spend a fortune to get the work done. Your goal is to have good, not superb, work done at a reasonable price. It’s wise to get bids from several contractors. For instance, exterior paint estimates can vary widely. Your real estate agent or neighbors ought to be able to provide references.

By the way, if you are going to paint the exterior of your house before selling, this could be a prime opportunity to improve curb appeal. Consult with a color expert to pick colors that are currently in fashion for the house, trim and front door.

One seller had the exterior of his house repainted before consulting with his agent or a color expert. It was painted the same drab color it had been for decades. Most of the buyers who seriously considered the house mentioned that they thought the house needed an exterior paint job because the color was so unappealing.