Tahoe Donner
Tahoe Donner is located in the upper region of Truckee, California, within 5 miles of Donner Lake and less than 20miles from Lake Tahoe. Tahoe Donner has numerous amenities including two ski areas, restaurants, a golf course, equestrian center & campground that are available to the public. Other private amenities are available for the exclusive use of our property owners.
February Tahoe Donner Update
March 9, 2010
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.
January Update for Tahoe Donner
February 11, 2010
10 single family homes sold in Tahoe Donner during the month of January 2010. This is an increase compared to January of 2009 with only 9 homes selling last year. The least expensive home sold for $279K and the most expensive home sold for $750,000. The average days on market for these sold homes was just 39 days. The average sales price was $482,010 and the median sales price was $430,000. 83 single family homes are now listed in Tahoe Donner. 14 are short sales and 2 are bank owned. 14 homes are currently under contract. This puts the absorption rate at 17% and there is just over 6 months of inventory still on the market in Tahoe Donner. Click on the link for current homes for sale in Tahoe Donner.
December Update for Tahoe Donner
January 11, 2010
There are still lots of homes selling in Tahoe Donner. In fact, there seem to be hardly enough homes on the market as inventory keeps going down and homes keep selling! Another 35 single family homes sold in Tahoe Donner during the month of December 2009. The least expensive home sold for $296K and the most expensive home sold for $1,327,950. The average days on market for these sold homes was 99 days (123 days for November 2009). The average sales price was $667,027 ($604,790 for November 2009). 227 single family homes sold in Tahoe Donner for 2009. 75 homes are still listed (very low number for Tahoe Donner). 20 homes are currently under contract. This puts the absorption rate at 27% and there is just under 4 months of inventory still on the market in Tahoe Donner. There are still some great deals on homes in Tahoe Donner!
Real Estate Monthly Update for Tahoe Donner
December 4, 2009
The real estate market in Tahoe Donner is doing well! There were 15 homes that sold in November 2009. The lowest priced home was $300K and the highest price home was $1.2 million. The average was $604,790 and the median was $535K. The average days on market was 123 days. There are now 192 homes that have sold in Tahoe Donner year to date. There are 95 homes that are still for sale in Tahoe Donner and 35 are in escrow. This puts the absorption rate at 37% which is phenomenal! There is just over 2 1/2 months of inventory still on the market in Tahoe Donner. An average or “healthy” market is around 6 months of inventory, so these numbers are outstanding! There are lots of buyers just waiting for that good deal and when it comes on the market, it doesn’t seem to last long.
Challenges of Selling an Older Home in this Marketplace
May 5, 2009
This is definitely a challenge and one very close to my heart today having two listing in an area of a large inventory of new or newer homes, “How can I sell my two listings that are both 20+ years old against all this competition? “ Yes, they are in Tahoe Donner, which is one of the most popular areas in the North Lake Tahoe region. It is the first exit off of I-80 to Truckee, has all the amenities that anyone could desire including a downhill and cross country skiing for the winter and a private beach with boat launch and picnic area at Donner Lake in the summer. This plus equestrian facilities, fine food dining, a sports center, eleven tennis courts, golf, trails for hiking, biking and many a fun party, Tahoe Donner offers it all.
In Tahoe Donner there are over 140 homes on the market each month with 7%-10% selling. So how do you promote your older home listing that is on 1.5 lots, 4000+ sq. feet or has a special view when it is 20+ years old? Most buyers feel it would take $200,000 to upgrade to today’s standards against the new comparable homes where a buyer can move right in and have beautiful wood floors, granite and flagstone for their kitchen counter tops and floors and no additional work needed. They may have less square footage but have all the necessary rooms which are new. Most people don’t mind smaller bedrooms when they are active outside people.
The answer is simple but difficult for sellers to accept. The house has to be priced right for the situation. In today’s market when only 7% - 10% of the properties are being sold, you need to be in that 10%. In other words, you need to price your house to sell. How? - By being the very best bargain in your price range at that time.
Someone will buy the 1 ½ lots or a special private view of an older home if the price makes up for the improvements needed. Otherwise, the buyers will move on to a smaller house that doesn’t need all the extra TLC. This is a time when it is even more important to have the right real estate agent. Talk to your professional real estate agent. Let them do the work for you to get the best price, but to get it “sold”.
