Tahoe Donner Real Estate Sales Information – May

Today, May 3, 2010, there are 85 homes available or for sale in Tahoe Donner. Furthermore, 69 of the homes offered for sale are standard sales, 13 of the available homes are offered as short sales and 3 REO’s, (Bank owned properties). Also, 2 single family homes are currently in escrow or pending sale, another 13 homes are sold contingent and there are 10 short sales pending bank approval. Moreover, pending sales range in price from $359,500 to $1,150,000.

Some perspective to Tahoe Donner market conditions: Tahoe Donner had a total of 225 homes close escrow in 2009 compared to 2008 in which 193 sales were consummated. Year to date 60 homes have closed escrow compared to last year during the same period, were 50 homes had closed escrow.

What’s interesting is that year to date we have seen a 20% improvement in closings of single family homes in Tahoe Donner when compared to last year. However, total pending sales and/or contingent sales for April of 2009 showed 13 properties compared to only 8 this year in April!

Home site sales see little improvement with 45 home sites available, currently 2 home sites are in escrow or pending sale and 8 home sites have closed escrow in 2010. Currently, the pricing for available home sites run from a low of $89,000 to a high of $500,000.

Please keep in mind, we are in between seasons, Memorial Day weekend typically kicks off the cabin buying season!