Tahoe Donner Sales Information and Statistics – July

Today July 12, 2017; there are only 78 single family homes available or for sale in Tahoe Donner, up from 56 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 are no REO, (Bank owned property) being offered for sale.
Also, 30 single family homes are currently in escrow or pending sale, up from 29 as last reported.  Moreover, of these 30 pending sales, there are no short sale pending bank approval and only 1 banked owned property in escrow. The ratio between available properties and pending sales looks great! If you’re thinking about selling, now is a good time.  Pending sales range in price from $419,000 to $1,275,000.

Year to date comparison; This year, year to date 111 single family homes have closed escrow in Tahoe Donner, last year during the same period 118 houses exchanged hands. 

A substantial number of homes have suffered structural damage, mitigating the number of homes which have come to market so far this year.

Some perspective on Tahoe Donner market conditions:
 2016 turned out to be an reasonably good year for sales in Tahoe Donner with 264 single family homes changing hands. 2015 proved to be an average year as far as the total volume of sales in Tahoe Donner, with 239 homes changing hands. Tahoe Donner had a total of 206 single family homes close escrow in 2014, down from 273 single family homes which close escrow in 2013. Also, 270 homes close escrow in 2012, (a parity to 2013). In 2011 there were 212 sales consummated, in 2010 there were 223 sales consummated, 2009 saw 225 homes close escrow, in 2008 only 193 sales were consummated.

Looking back; the drought really affected Winter & Spring sales in 2014/2015 as the ski traffic was down 50%. Because we are tourist driven, early year sales were off as much as 38% compared to 2013 & 2012. This year summer sales should be great with lower than normal inventory driven by strong demand.

We really have two selling seasons in Tahoe Donner, summer and the holiday ski season; If you’re considering selling, this is a great time, the market looks good and the inventory is extremely low. 
Home site sales seem disappointing; there are 51 home sites available in Tahoe Donner, with only 3 home sites currently in escrow or pending sale. We had 44 lots change hands in 2016, not bad! In 2015 we had 37 home sites closed escrow, in 2014 we had 45 lots change hands, 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 $350,000