Tahoe Donner Real Estate Sales Information – June
Today, June 1, 2011 there are 96 homes available or for sale in Tahoe Donner. Furthermore, 90 of the homes offered for sale are standard sales, 4 of the available properties are offered as short sales and 2 REO’s, (Bank owned properties). Also, 30 single family homes are currently in escrow or pending sale. There is another 11 short sales pending bank approval. Moreover, pending sales range in price from $289,000 to $1,460,000.
Some perspective to Tahoe Donner market conditions: Tahoe Donner had a total of 222 homes close escrow in 2010, basically a parity to 2009 were 225 homes close escrow, compared to 2008 in which only 193 sales were consummated. Moreover, year to date 67 homes have close escrow compared to the same period last year were 75 home sales were consummated. The number of homes sold in Tahoe Donner year to date is approximately 10% below the same period last year. However, I believe this epic winter impeded sales on a short term basis.
Home site sales continue to disappoint; with 49 home sites available, currently only 1 home site is in escrow or pending sale. Also, 21 home sites closed escrow in 2010 compared to 12 home sites which closed escrow in 2009. Currently, the pricing for available home sites run from a low of $59,000 to a high of $525,000. Of interest; 6 lots have closed escrow year to date at prices not seen since the late 90’s. Moreover, during the same period last year, the year to date sales amounted to 11. Because there were only six sales, here’s the pricing; $55,000, $55,900, $65,000, $70,000, $70,000 and $127,000.
Sales Statistics
for NEVADA County CA
Realist’s most recent recording date for this county is 05/25/2011
Single Family Residence
Time Period Number of Sales Median Sale Price
Apr 2011 115 $225,000
Apr 2010 97 $288,000
Mar 2011 131 $239,000
Mar 2010 120 $317,500
2011 YTD 528 $250,000
2010 1,346 $295,000
Condominium
Time Period Number of Sales Median Sale Price
Apr 2011 5 $206,000
Apr 2010 11 $315,000
Mar 2011 11 $345,000
Mar 2010 8 $296,250
2011 YTD 27 $329,000
2010 105 $307,500
Buyers may someday ask you: “Is this home powered by Android?”
The ability to control a home via smartphone may not be too distant in the future, experts say. Google is setting the way for home owners to use its Android software to control everyday household items, everything from turning on and off the lights, the dishwasher, a lamp, and more.
Google’s Android@Home software would be built into appliances and light bulbs so it can wirelessly communicate with Android devices. For example, LightingScience this year released LED light bulbs that can connect with Android devices to turn off the lights without having to get up to flip the switch. Google also introduced the Open Accessory toolkit, which will help developers create other everyday household items that are compatible with Android devices.
“Everything should be Android-ified,” says Andy Rubin, head of Android. “We should just take it to new levels. It’s no longer something that people will go to the store to buy and then bring to their home or bring to their office. It’s something that will actually bridge those things.”
Tahoe Donner Real Estate Sales Information – May
Today, May 2, 2011 there are 76 homes available or for sale in Tahoe Donner. Furthermore, 70 of the homes offered for sale are standard sales, 4 of the available properties are offered as short sales and 2 REO’s, (Bank owned properties). Also, 13 single family homes are currently in escrow or pending sale. There is another 9 short sales pending bank approval. Moreover, pending sales range in price from $255,000 to $893,900.
Some perspective to Tahoe Donner market conditions: Tahoe Donner had a total of 222 homes close escrow in 2010, basically a parity to 2009 were 225 homes close escrow, compared to 2008 in which only 193 sales were consummated. Moreover, year to date 56 homes have close escrow compared to the same period last year were 60 home sales were consummated. The number of homes sold in Tahoe Donner year to date is slightly below the same period last year. However, I believe this epic winter impeded sales on a short term basis.
Home site sales continue to disappoint; with 42 home sites available, currently only 1 home site is in escrow or pending sale. Also, 21 home sites closed escrow in 2010 compared to 12 home sites which closed escrow in 2009. Currently, the pricing for available home sites run from a low of $64,000 to a high of $525,000. Of interest; 5 lots have closed escrow year to date at prices not seen since the late 90’s. Because there were only five sales, here’s the pricing; $55,000, $55,900, $70,000, $70,000 and $127,000.
Sales Statistics
for NEVADA County CA
| Realist’s most recent sale date for this county is 04/26/2011 |
| Single Family Residence | ||
| Time Period |
Number of Sales |
Median Sale Price |
| Mar 2011 |
131 |
$239,000 |
| Mar 2010 |
120 |
$317,500 |
| Feb 2011 |
104 |
$275,000 |
| Feb 2010 |
90 |
$292,500 |
| 2011 YTD |
395 |
$250,000 |
| 2010 |
1,346 |
$295,000 |
| Condominium | ||
| Time Period |
Number of Sales |
Median Sale Price |
| Mar 2011 |
11 |
$345,000 |
| Mar 2010 |
8 |
$296,250 |
| Feb 2011 |
2 |
$477,500 |
| Feb 2010 |
12 |
$375,000 |
| 2011 YTD |
19 |
$288,000 |
| 2010 |
105 |
$307 |
Tahoe Donner Real Estate Sales Information – April
Today, April 4, 2011 there are 69 homes available or for sale in Tahoe Donner. Furthermore, 62 of the homes offered for sale are standard sales, 4 of the available properties are offered as short sales and 3 REO’s, (Bank owned properties). Also, 18 single family homes are currently in escrow or pending sale. There is another 9 short sales pending bank approval. Moreover, pending sales range in price from $305,000 to $899, 900.
Some perspective to Tahoe Donner market conditions: Tahoe Donner had a total of 222 homes close escrow in 2010, basically a parity to 2009 were 225 homes close escrow, compared to 2008 in which only 193 sales were consummated. Moreover, year to date 44 homes have close escrow compared to the same period last year were 42 home sales were consummated, basically a parity to last year.
Home site sales continue to disappoint; with 40 home sites available, currently1 home sites are in escrow or pending sale. Also, 21 home sites closed escrow in 2010 compared to 12 home sites which closed escrow in 2009. Currently, the pricing for available home sites run from a low of $69,000 to a high of $525,000. Of interest; only 6 home sites have close escrow this year.
| Sales Statistics for NEVADA County CA |
| Realist’s most recent recording date for this county is 03/24/2011 |
| Single Family Residence | ||
| Time Period |
Number of Sales |
Median Sale Price |
| Feb 2011 |
104 |
$275,000 |
| Feb 2010 |
90 |
$292,500 |
| Jan 2011 |
103 |
$259,000 |
| Jan 2010 |
80 |
$282,000 |
| 2011 YTD |
290 |
$265,250 |
| 2010 |
1,346 |
$295,000 |
| Condominium | ||||
| Time Period |
Number of Sales |
Median Sale Price |
||
| Feb 2011 |
2 |
$477,500 |
||
| Feb 2010 |
12 |
$375,000 |
||
| Jan 2011 |
3 |
$265,000 |
||
| Jan 2010 |
10 |
$357,500 |
||
| 2011 YTD |
9 |
$345,000 |
||
| 2010 |
105 |
$307,500 |
||
Spring Market Conditions Bode Well For Buyers
Optimism about the housing market isn’t quite sweeping the nation, but Americans remain sold on the value of home ownership at a good time to be bullish about buying a home.
With home sales and prices still falling, the spring could shape up as an opportune time to make a deal.
The housing downturn hasn’t shaken consumers’ resolve to consider home ownership an integral part of an American Dream, even among home owners with homes that have lost value.
The eighth quarterly “Allstate-National Journal Heartland Monitor Poll: The American Dream” revealed that nearly nine out of 10 homeowners say they would buy their same homes again.
Among those with homes with lost value, the same percentage said they would buy their home again. Also, seven of 10 Americans say they would advise a friend or family member to buy a home as a long-term asset. The spring could be a good time to take that advice.
Existing-home sales, completed transactions that include single-family, townhomes, condominiums and co-ops, dropped 9.6 percent to a seasonally adjusted annual rate of 4.88 million in February from 5.40 million in January. February 2010 sales were 2.8 percent below the pace in February 2010, according to the National Association of Realtors (NAR).
The slow sales pushed the median price down to $156,100, the lowest level since February 2002, setting the stage for spring bargains.
Some experts say the housing market is years away from a full blown recovery and the home buyer tax credit is kaput. However, improvements in employment and manufacturing and other economic sectors, bargain home prices and affordable interest rates could light a fire under buyers who’ve been sitting on the fence.
“Housing affordability conditions have been at record levels and the economy has been improving, but home sales are being constrained by the twin problems of unnecessarily tight credit, and a measurable level of contract cancellations from some appraisals not supporting prices negotiated between buyers and sellers,” said Lawrence Yun NAR chief economist.
The Allstate survey of 1,000 Americans also found:
· Buying a home was the best investment among 24 percent, behind “investing in retirement savings” (38 percent), but ahead of “saving money in the bank” (20 percent), and “investing in the stock market” (6 percent).
· A majority, 58 percent of those who believe the housing crisis will remain a serious problem would still recommend buying a home.
· Americans are evenly split on whether the federal government should continue policies to encourage home ownership at the same level (46 percent) or scale them back because they cost too much (46 percent).
· More than half of Americans (52 percent) blame the housing crisis on banks and lending institutions for misleading borrowers and approving bad loans, while 32 percent blame people who bought homes and took out mortgages they couldn’t afford, and only 12 percent blame government policies that encouraged too many people to try to own their own homes.
“Owning a home continues to be the bedrock of the American Dream – even as incomes are down, jobs are scarce and families struggle to make ends meet,” said Thomas J. Wilson , Allstate chairman, president and chief executive officer.
“Homeownership is viewed positively by the vast majority of Americans as both a place to raise a family and a sound investment,” he added.
Tahoe Donner Real Estate Sales Information – March
Today, March 1, 2011 there are 80 homes available or for sale in Tahoe Donner. Furthermore, 69 of the homes offered for sale are standard sales, 5 of the available properties are offered as short sales and 6 REO’s, (Bank owned properties). Also, 23 single family homes are currently in escrow or pending sale. There is another 6 short sales pending bank approval. Moreover, pending sales range in price from $260,000 to $1,295,000.
Some perspective to Tahoe Donner market conditions: Tahoe Donner had a total of 222 homes close escrow in 2010, basically a parity to 2009 were 225 homes close escrow, compared to 2008 in which only 193 sales were consummated. Moreover, year to date 22 homes have close escrow compared to the same period last year were 21 home sales were consummated, basically a parity to last year.
Home site sales saw modest improvement; with 41 home sites available, currently 2 home sites are in escrow or pending sale. Also, 21 home sites closed escrow in 2010 compared to 12 home sites which closed escrow in 2009. Currently, the pricing for available home sites run from a low of $69,000 to a high of $525,000. Of interest; 3 home sites have close escrow this year, what’s interesting is the low sales price of the three; $55,000, $55,900 and $70,000 respectively.
| Sales Statistics for NEVADA County CA |
| Realist’s most recent recording date for this county is 02/18/2011 |
| Single Family Residence | ||
| Time Period |
Number of Sales |
Median Sale Price |
| Jan 2011 |
103 |
$259,000 |
| Jan 2010 |
80 |
$282,000 |
| Dec 2010 |
134 |
$271,000 |
| Dec 2009 |
145 |
$340,000 |
| 2011 YTD |
163 |
$250,000 |
| 2010 |
1,346 |
$295,000 |
| Condominium | ||
| Time Period |
Number of Sales |
Median Sale Price |
| Jan 2011 |
3 |
$265,000 |
| Jan 2010 |
10 |
$357,500 |
| Dec 2010 |
14 |
$235,000 |
| Dec 2009 |
7 |
$365,000 |
| 2011 YTD |
3 |
$265,000 |
| 2010 |
105 |
$307,500 |
Tahoe Donner Real Estate Sales Information – February
Today, February 2, 2011 there are 74 homes available or for sale in Tahoe Donner. Furthermore, 61 of the homes offered for sale are standard sales, 10 of the available properties are offered as short sales and 3 REO’s, (Bank owned properties). Also, 26 single family homes are currently in escrow or pending sale. There is another 6 short sales pending bank approval, a parity to last year. Moreover, pending sales range in price from $311,900 to $1,295,000.
Some perspective to Tahoe Donner market conditions: Tahoe Donner had a total of 222 homes close escrow in 2010, basically a parity to 2009 were 225 homes close escrow, compared to 2008 in which only 193 sales were consummated. Moreover, year to date 9 homes have close escrow compared to the same period last year were 10 home sales were consummated.
Home site sales saw modest improvement; with 38 home sites available, currently 2 home sites are in escrow or pending sale. Also, 21 home sites closed escrow in 2010 compared to 12 home sites which closed escrow in 2009. Currently, the pricing for available home sites run from a low of $69,000 to a high of $525,000.
Sales Statistics
for NEVADA County CA
Realist’s most recent recording date for this county is 01/25/2011
Single Family Residence
Time Period Number of Sales Median Sale Price
Dec 2010 134 $271,000
Dec 2009 145 $340,000
Nov 2010 101 $339,000
Nov 2009 113 $300,000
2010 YTD 1,346 $295,000
2009 1,294 $329,250
Condominium
Time Period Number of Sales Median Sale Price
Dec 2010 14 $235,000
Dec 2009 7 $365,000
Nov 2010 6 $272,000
Nov 2009 11 $362,000
2010 YTD 105 $307,500
2009 107 $317,000
What’s Driving Buyers To Buy Homes?
The Wall Street Journal is reporting that “affordability” is the top reason for home buying in 2010.
That makes sense, especially in unstable market conditions. Buyers, as always, are looking for a bargain but, more than ever, they’ve been enticed by low home prices and low interest rates, according to a survey by Weichert Realtors, Inc.
The survey gathered information from 1,261 of the company’s customers who bought homes between July 1 through December 31, 2010.
What about pride in homeownership? it appears that buying a home because they didn’t want to rent, was not the driving force. Instead, it came down to price. This differs from survey results five years ago when respondents (26%) said, “the desire to own their home and stop paying rent” motivated them to buy, according to the Wall Street Journal.
Another influencer was the desire for more living space. According to the Wall Street Journal the survey reported that 28% of the respondents said, “they bought a house because they wanted more living space or a larger property”. However, 11% of those surveyed said that “potential financial growth” motivated them to purchase a home. This response is similar to the answers received in the survey’s first year (2005) when respondents answered the question, “What motivated you to purchase your home at this time?”
A sharp drop (12%) was reported by respondents who said they bought a house in 2010 due to relocation. The figure was the same as 2009. However, it’s a decrease from 20% in 2008. Real estate experts believe that buyers are still motivated by the potential financial growth, but indeed a good value in the form of low interest rate and discounted home prices is the driving force these days. So, if you are listing your home for sale, focus on value. Detailed marketing materials that showcase your home’s amenities, walking-distance retail outlets, and neighborhood parks and schools will also help create value.
Don’t underestimate the importance of valuable upgrades such as new appliances, water heater, solar panels, green technology, smart wiring for commonly used technology, and, of course, any energy-saving lighting and/or heating/air conditioning systems that you might have installed.
Light up your house as much as possible when showing or holding an open house. Even if you typically keep the shades drawn, open them up, turn on light fixtures and, if you have skylights, make sure they’re clean.
Value increases for buyers the more they can see themselves living in your home. So, make it cozy, comfortable, and attractive. In the bathrooms, hang color-coordinated towels; some fresh flowers in a vase. And if the walls are scuffed, try using a Magic Eraser. If that doesn’t work, touch up the paint or paint the entire bathroom.
In the dining room or the kitchen, set the table. But don’t overdress the table. Too much stuff on a table makes it look crowded, small, and can be a turn-off.
Remember, selling your home is about creating value for buyers. That means how you live in your home may not be the way you show your home. You may have to put away a lot of the clutter such as trinkets, family photos, pet toys, electrical cords, kids’ toys, and anything else that is personal to you. By doing this you’ll create a greater chance of buyers viewing your home as theirs. And that’s value.
