Lake Tahoe & Truckee August Real Estate Sales Stats

August saw the same amount of home sales as July 2010. 72 single family homes sold last month. This makes a total of 519 year to date. For the same dates in 2009, 419 single family homes sold. This shows that we are seeing quite a bit more activity this year from last year!

For home sales last month, the area that saw the most activity was Tahoe Donner with 24 homes selling. Next was Truckee with 16 homes selling, then North Lake Tahoe with 15 sold homes. We are still seeing the most activity in the $500K and under price range. Specifically, in the $300K-$499K range with 27 homes selling last month! Next was the $500K-$699K range with 15 sold homes. There was also quite a bit of activity in the higher priced homes with 9 homes selling for over $1 million! One home even sold for $10 million! There were also 24 condo sales last month.

This information was taken from our local multiple listing service and is for the dates of August 1-31, 2010. Click on the image below for an enlarged version of the chart and more info.

Tahoe Donner Market Update – August 2010

Lots of activity with home sales in Tahoe Donner! 24 homes sold during the month of August 2010! The lowest priced home sold for $295K and the highest priced home sold for $1.1 million. The average price was $541,583 and the median price was $525K. The average days on market was just 44 days! This shows that the well priced homes are selling quickly! 2 homes were bank owned properties, 1 was a short sale and the rest were standard sales. There are currently 159 active single family homes listed in Tahoe Donner. 7 of these are REOs and 13 are short sales. 29 homes are under contract. The absorption rate is around 18% and there is 5.4 months supply of inventory remaining in Tahoe Donner. Click on the link for current homes for sale in Tahoe Donner.