Lake Tahoe & Truckee February Real Estate Sales Stats

We are continuing to see quite a bit of activity with home sales in the Truckee/Tahoe area. 52 single family homes sold during the month of February 2010. Once again, the most activity was in the $300K-$499K price range with 16 homes selling. 7 homes sold for $299K and under, 13 for $500K-$699K, 7 in the $700K-$899K range, and 4 in the $900K-$1,199K. 5 homes sold for over $1 million and 1 for over $3 million. 18 condos sold last month as well.

This information was taken from our local multiple listing service and is for the dates of February 1-28, 2010. Click on the image below for an enlarged version of the chart.

February Tahoe Donner Update

11 homes sold in Tahoe Donner last month (February 2010). This makes a total of 21 single family homes that have sold in Tahoe Donner for 2010. The least expensive home was a bank owned property that sold for $238K. There was 1 short sale property that sold for $459K. The most expensive home sold for $985K. The average home sale price for last month was $571,454 and the median was $505K. We are continuing to see the most activity in the $500K-$700K price range in Tahoe Donner. The average days on market was 127 days. There are currently 82 single family homes listed in Tahoe Donner. There are 16 short sale listings and 1 listing is an REO. 23 homes are in escrow (up from 14 last month). This puts the absorption rate at 28% and there is about 3 1/2 months supply of inventory remaining in Tahoe Donner. Click on the link for current homes for sale in Tahoe Donner.