Tahoe Donner Real Estate Sales Information – March

Today, March 1, 2011 there are 80 homes available or for sale in Tahoe Donner. Furthermore, 69 of the homes offered for sale are standard sales, 5 of the available properties are offered as short sales and 6 REO’s, (Bank owned properties). Also, 23 single family homes are currently in escrow or pending sale. There is another 6 short sales pending bank approval. Moreover, pending sales range in price from $260,000 to $1,295,000.

Some perspective to Tahoe Donner market conditions: Tahoe Donner had a total of 222 homes close escrow in 2010, basically a parity to 2009 were 225 homes close escrow, compared to 2008 in which only 193 sales were consummated. Moreover, year to date 22 homes have close escrow compared to the same period last year were 21 home sales were consummated, basically a parity to last year.

Home site sales saw modest improvement; with 41 home sites available, currently 2 home sites are in escrow or pending sale. Also, 21 home sites closed escrow in 2010 compared to 12 home sites which closed escrow in 2009. Currently, the pricing for available home sites run from a low of $69,000 to a high of $525,000. Of interest; 3 home sites have close escrow this year, what’s interesting is the low sales price of the three; $55,000, $55,900 and $70,000 respectively.

Sales Statistics
for NEVADA County CA
Realist’s most recent recording date for this county is 02/18/2011
Single Family Residence
Time Period

Number of Sales

Median Sale Price

Jan 2011

103

$259,000

Jan 2010

80

$282,000

Dec 2010

134

$271,000

Dec 2009

145

$340,000

2011 YTD

163

$250,000

2010

1,346

$295,000

Condominium
Time Period

Number of Sales

Median Sale Price

Jan 2011

3

$265,000

Jan 2010

10

$357,500

Dec 2010

14

$235,000

Dec 2009

7

$365,000

2011 YTD

3

$265,000

2010

105

$307,500

Housing Affordability Reaches 20 Year High

Housing affordability is higher today than it has been for decades. What does this mean for today’s buyer? It means now is the time to buy. According to the latest National Association of Home Builders Housing Opportunity Index (HOI) data, “73.9% of all new and existing homes sold in the fourth quarter of 2010 were affordable to families earning the national median income of $64,400.”
“This report shows that housing affordability at the end of 2010 was at its highest level since we started computing the HOI,” said Bob Nielsen, chairman of the National Association of Home Builders. “However, while this is good news for consumers, both home buyers and builders continue to confront extremely tight credit conditions, and this remains a significant obstacle to many potential home sales.”
Are you looking for the best of the best when it comes to affordable markets? Indianapolis-Carmel, Indiana, is a great place to start. It was ranked as the most affordable housing market in the entire country. Ninety-three percent of homes sold in the city were affordable to households earning to area median of $68,700.
On the opposite end of the spectrum, Santa Cruz-Watsonville, CA, was ranked as the least affordable city in the country. Only 45 percent of homes were affordable to families making the median household income of $84,200.