Tahoe Donner Real Estate Sales Information – August

Today, August 5, 2010, there are 158 homes available or for sale in Tahoe Donner. Furthermore, 141 of the homes offered for sale are standard sales, 11 of the available homes are offered as short sales and 6 REO’s,(Bank owned properties). Also, 32 single family homes are currently in escrow or pending sale. There are 6 short sales pending bank approval. Moreover, pending sales range in price from $295,000 to $1,528,000.

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 104 homes have closed escrow compared to last year during the same period, were 103 homes had closed escrow, basically a parity to 2009.

Home site sales continue to disappoint with 55 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.

The cabin buying season is upon us; August and September are traditionally the 2 hottest months for Tahoe Donner sales!  If you’re thinking about selling now is the time and here’s why:

shiller

The above Graph indicating direction of pricing is courtesy of “Shiller”.

About Shiller; Professor of Economics at Yale University and is a Fellow at the Yale International Center for Finance, Yale School of Management. Shiller has been a research associate of the National Bureau of Economic Research (NBER) since 1980, was Vice President of the American Economic Association in 2005, and President of the Eastern Economic Association for 2006-2007. He is also the founder and chief economist of the investment management firm MacroMarkets LLC.

Sales Statistics
for NEVADA County CA
Realist’s most recent recording date for this county is 07/27/2010
Single Family Residence
Time Period

Number of Sales

Median Sale Price

Jun 2010

146

$288,000

Jun 2009

131

$335,000

May 2010

107

$275,000

May 2009

95

$345,000

2010 YTD

712

$291,000

2009

1,295

$328,500

Condominium
Time Period

Number of Sales

Median Sale Price

Jun 2010

7

$275,000

Jun 2009

8

$323,000

May 2010

8

$299,750

May 2009

6

$367,500

2010 YTD

59

$325,000

2009

112

$310,500