Tahoe Donner Real Estate Sales Information – December

Today, December 1, 2010, there are 96 homes available or for sale in Tahoe Donner. Furthermore, 81 of the homes offered for sale are standard sales, 13 of the available homes are offered as short sales and 2 REO’s, (Bank owned properties). Also, 33 single family homes are currently in escrow or pending sale. There are another 6 short sales pending bank approval. Moreover, pending sales range in price from $319,500 to $1,499,000.

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 194 homes have closed escrow in Tahoe Donner compared to last year during the same period were 193 homes had closed escrow, basically a parity to 2009.
Home site sales continue to disappoint with 48 home sites available, currently 4 home sites are in escrow or pending sale. Also, 18 home sites have closed escrow in 2010. Currently, the pricing for available home sites run from a low of $67,900 to a high of $525,000.

Sales Statistics
for NEVADA County CA
Realist’s most recent recording date for this county is 11/22/2010
Single Family Residence
Time Period

Number of Sales

Median Sale Price

Oct 2010

124

$277,500

Oct 2009

146

$330,000

Sep 2010

127

$310,500

Sep 2009

110

$352,500

2010 YTD

1,145

$296,500

2009

1,294

$329,250

Condominium
Time Period

Number of Sales

Median Sale Price

Oct 2010

8

$262,500

Oct 2009

13

$390,000

Sep 2010

4

$338,500

Sep 2009

10

$337,000

2010 YTD

89

$322,500

2009

107

$317,000

I am strongly opposed to the Deficit Commission’s proposal to either limit or eliminate the Mortgage Interest Deduction.

I have been on the front lines of the housing crisis. I can assure you that even talk of changing MID harms an already fragile market.

The Mortgage Interest Deduction (MID) is vital to both home ownership and our economy. I’m disappointed that anyone in Congress — or on a Presidential Commission — would even suggest limits to the Mortgage Interest Deduction. Mortgage interest has been deductible for nearly 100 years, and the proposed changes will affect all 75 million home owners in the United States. We must act now to make sure the MID is not changed. Ever since the Deficit Commission announced its conclusions, the news media have been buzzing about the report. And what do they emphasize? Proposals to limit or even eliminate the Mortgage Interest Deduction. I’m concerned because all this does is scare the public — and potential buyers — away from the housing market. The last thing the housing industry needs right now (and for the foreseeable future) is another bucket of ice water to be thrown on the market. People who hear these news reports don’t differentiate between a proposal and a done deal. They just know that a tax provision they actually understand and rely on is under siege. This is just unacceptable.

I am asking you to call to your representative’s office today to ask him or her to defend the Mortgage Interest Deduction from any cuts or reduction as outlined in the Deficit Commission Report. Congressman Tom McClintock, (202) 225-2511.

Pricing your home to sell! Putting yourself in the right mindset to sell is essential. It’s the most difficult aspect of selling for most sellers. Your home is worth what a buyer is willing to pay, which may not be what you think it is worth.

Detaching yourself emotionally from your home is difficult. Clearing out years of clutter, depersonalizing your home by removing personal memorabilia, and staging your home for sale can help you step back and view the home as a commodity that needs to be sold rather than as your personal sanctuary.

Putting your home on the market at a price that reflects what you want and not what the market will bear can cost you time and money as it sits on the market unsold.

The home-sale market is a localized phenomenon. The only way to get a clear picture of what your home is likely to sell for is to find out which listings are selling in your neighborhood and for how much.

The most recent sales — those that closed within the last three months — will be the most informative. Be sure to take a hard look at the list prices of homes that are new on the market.

If the list prices are lower than they were two or three months ago, this indicates that prices are declining. This needs to be taken into account when you select a list price.