Tahoe Donner Real Estate Sales Information – December

Today December 3, 2012; there are only 57 homes available or for sale in Tahoe Donner, down from 66 as last reported.

Furthermore, 55 of the homes offered for sale are standard sales, 2 of the available properties are offered as short sales and no REO’s, (Bank owned properties). Also, 24 single family homes are currently in escrow or pending sale. Moreover, there are another 9 short sales pending bank approval. Pending sales range in price from $272,500 to $869,900. Did you know, in Tahoe Donner, on average 65% of all home sales consummate after June 30th?

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 248 single family homes have closed escrow in Tahoe Donner, compared to the same period last year were 199 homes traded hands; that’s a 24% increase in sales year to day, yea!

Home site sales see slight improvement; with 47 home sites currently available, only 2 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 $57,500 to a high of $499,900. 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 30 home sites have closed escrow compared to the same period last year were only 16 sales consummated.

Sales Statistics
for NEVADA County CA

Realist’s most recent sale date for this county is 11/16/2012

Single Family Residence

Time Period        Number of Sales        Median Sale Price
Oct 2012              197                                $270,000
Oct 2011              125                                $239,000
Sep 2012             157                                $285,000
Sep 2011             167                                $261,500
2012 YTD          1,686                               $250,000
2011                   1,594                               $250,000
Condominium
Time Period        Number of Sales       Median Sale Price
Oct 2012              15                                 $234,500
Oct 2011                8                                  $143,500
Sep 2012            10                                  $198,500
Sep 2011            11                                  $120,000
2012 YTD            79                                  $240,000
2011                     89                                  $230,000