Tahoe Donner Real Estate Sales Information – June

Today, June 3, 2012, there are 98 homes available or for sale in Tahoe Donner, up from 82 as last reported.

Furthermore, 94 of the homes offered for sale are standard sales, 2 of the available properties are offered as short sales and 2 REO’s, (Bank owned properties). Also, 25 single family homes are currently in escrow or pending sale, this is an encouraging number for this time of year, remember because we are tourist driven we cycle different than most metropolitan areas, our home buying season starts now! Did you know, in Tahoe Donner, on average 65% of all home sales consummate after June 30th? In any event, there are another 10 short sales pending bank approval. Moreover, pending sales range in price from $219,500 to $1,200,000.
Some perspective on Tahoe Donner market conditions: Tahoe Donner had a total of 212 homes close escrow in 2011, compared to 2010 were 223 sales consummated, 2009 saw 225 homes close escrow, compared to 2008 in which only 193 sales were consummated. Year to date 106 single family homes have closed escrow in Tahoe Donner, compared to the same period last year were 70 homes traded hands; that’s a 51% increase in sales year to day, yea!
Home site sales see slight improvement; with 48 home sites currently available, no home sites are in escrow or pending sale currently. Also, 16 home sites closed escrow in 2011 compared to 21 sales in 2010 and12 home sites which closed escrow in 2009. Currently, the pricing for available home sites run from a low of $58,000 to a high of $379,000. Of interest; pricing on the lots which did close escrow in 2011 were at prices not seen since the late 90’s. Year to date 14 home sites have closed escrow compared to the same period last year were only 6 sales consummated.

Sales Statistics
for NEVADA County CA
Realist’s most recent recording date for this county is 05/24/2012
Single Family Residence

Time Period        Number of Sales        Median Sale Price
Apr 2012              146                                $219,000
Apr 2011              115                                $225,000
Mar 2012             172                                $268,000
Mar 2011             132                                $239,500
2012 YTD            572                                $235,000
2011                 1,594                                $250,000
Condominium
Time Period        Number of Sales        Median Sale Price
Apr 2012              7                                     $330,000
Apr 2011              5                                     $206,000
Mar 2012             8                                     $192,000
Mar 2011            11                                    $345,000
2012 YTD           26                                   $265,500
2011                    89                                   $230,000