Tahoe Donner Real Estate Sales Information – October

What’s happening in Tahoe Donner; inventory is extremely low!

Today October 3, 2013; there are only 67 single family homes available or for sale in Tahoe Donner, down from 75 as last reported. For any time of year, this is an extremely low number of homes available.

Furthermore, 66 of the homes offered for sale are standard sales, none of the available properties are short sales and there is only 1 REO, (Bank owned property). This bodes well as further evidence that the vacation home market has moved to better health. Also, 37 single family homes are currently in escrow or pending sale. Moreover, of these 37 pending sales only 2 are short sales pending bank approval. Pending sales range in price from $338,500 to $1,149,000. By the way, did you know that typically 65% of all homes sold in Tahoe Donner sell in the second half of the year, after June 30th!

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 is a parity to last year; 195 homes have closed escrow year to date compared to 197 final sales during the same period last year.

Home site sales see improvement, yea; there are 38 home sites currently available, 5 home sites are 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 $59,950 to a high of $499,000. Of interest; pricing on the lots appear to have reached a bottom and seem to have stabilized. Just one more thing, 36 lots have closed escrow year to date compared to only 27 which closed escrow during the same period last year!