Tahoe Donner Real Estate Sales Information – February

What’s happening in Tahoe Donner; inventory is low and prices are moving up!

Today February 5, 2013; there are only 39 homes available or for sale in Tahoe Donner, down from 53 as last reported. The extremely low number of homes that are currently available in Tahoe Donner is the catalyst for price appreciation.

Furthermore, 38 of the homes offered for sale are standard sales, none of the available properties are short sales and only 1 REO’s, (Bank owned properties). Also, 34 single family homes are currently in escrow or pending sale. Moreover, of these 34 pending sales 13 are short sales pending bank approval. Pending sales range in price from $220,000 to $1,150,000.

Some perspective on Tahoe Donner market conditions: Tahoe Donner had a total of 270 single family homes close escrow in 2012 compared to 212 homes which close escrow in 2011, in 2010 there were 223 sales consummated, 2009 saw 225 homes close escrow, and in 2008 only 193 sales were consummated. Year to date final sale statistics prove interesting; only 12 homes have closed escrow year to date compared to 20 final sales during the same period last year.

Home site sales see slight improvement; there are 41 home sites currently available, only 1 home site is currently in escrow or pending sale. Also, in 2012 we had 34 home sites closed escrow, up from the 16 home sites which 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 $59,000 to a high of $499,900. Of interest; pricing on the lots which did close escrow in 2012 were at prices not seen since the late 90’s.