Tahoe Donner Real Estate Sales Information – October

What’s happening in Tahoe Donner; Year to date 142 homes have closed escrow in Tahoe Donner. Did you know that approximately 65% of all sales in Tahoe Donner happen after June 30th?

Today October 2, 2014; there are only 95 single family homes available or for sale in Tahoe Donner, down from 102 as last reported. For any time of year, this is an extremely low number of homes available.
Furthermore, none of the available properties offered for sale are short sales and there is only 1 REO, (Bank owned property). Also, 31 single family homes are currently in escrow or pending sale. Moreover, of these 31 pending sales only 1 is a short sales pending bank approval and currently there are no banked owned properties in escrow. Pending sales range in price from $339,000 to $2,195,000.
Some perspective on Tahoe Donner market conditions: Tahoe Donner had a total of 273 single family homes close escrow in 2013 compared to 270 homes which close escrow in 2012, (a parity), in 2011 there were 212 sales consummated, in 2010 there were 223 sales consummated, 2009 saw 225 homes close escrow, and in 2008 only 193 sales were consummated. Year to date 142 homes have closed escrow in Tahoe Donner compared to 195 single family homes which traded hands last year during the same period.
Home site sales see improvement, yea; there are 40 home sites currently available, 3 home sites are currently in escrow or pending sale. In 2013 we had 44 home sites close escrow, up significantly from 2012 in which we had 34 home sites closed escrow and a major improvement from the 16 home sites which closed escrow in 2011. Currently, the pricing for available home sites run from a low of $59,900 to a high of $499,000. Of interest; pricing on the lots appear to have reached a bottom and seem to have started moving in a positive direction.