Tahoe Donner Market Update – July 2010

The real estate market in Tahoe Donner is doing well! 13 homes sold last month – July 2010. The lowest priced home sold for $350K and the highest priced home sold for $1.1 mil. The average home sale price was $567,500 and the median home sale price was $490K. The average days on market for homes sold was 126 days. 1 home was an REO (bank owned) property and the rest were standard sales. 102 single family homes have sold in Tahoe Donner now year to date. There are currently 165 active homes on the market. 19 of these are short sales and 6 are REOs. 28 homes are currently in escrow. The absorption rate is around 17% and there is 6 months supply of inventory remaining in Tahoe Donner. Click on the link for current homes for sale in Tahoe Donner.