Tahoe Donner Real Estate Sales Information – May

Today, May 2, 2011 there are 76 homes available or for sale in Tahoe Donner. Furthermore, 70 of the homes offered for sale are standard sales, 4 of the available properties are offered as short sales and 2 REO’s, (Bank owned properties). Also, 13 single family homes are currently in escrow or pending sale. There is another 9 short sales pending bank approval. Moreover, pending sales range in price from $255,000 to $893,900.

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 56 homes have close escrow compared to the same period last year were 60 home sales were consummated. The number of homes sold in Tahoe Donner year to date is slightly below the same period last year. However, I believe this epic winter impeded sales on a short term basis.

Home site sales continue to disappoint; with 42 home sites available, currently only 1 home site is 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 $64,000 to a high of $525,000. Of interest; 5 lots have closed escrow year to date at prices not seen since the late 90’s. Because there were only five sales, here’s the pricing; $55,000, $55,900, $70,000, $70,000 and $127,000.
Sales Statistics
for NEVADA County CA

Realist’s most recent sale date for this county is 04/26/2011
Single Family Residence
Time Period

Number of Sales

Median Sale Price

Mar 2011

131

$239,000

Mar 2010

120

$317,500

Feb 2011

104

$275,000

Feb 2010

90

$292,500

2011 YTD

395

$250,000

2010

1,346

$295,000

Condominium
Time Period

Number of Sales

Median Sale Price

Mar 2011

11

$345,000

Mar 2010

8

$296,250

Feb 2011

2

$477,500

Feb 2010

12

$375,000

2011 YTD

19

$288,000

2010

105

$307