Truckee Lake Tahoe Tahoe Donner Real Estate Information

The Tahoe Donner real estate market continues to maintain solid activity.  Another 5 homes went into contract while 9 new ones came on the market.  New listings have exceeded the number of new escrows for the last 4 weeks in a row, but the inventory is still building at a slow pace.  It will be interesting to see what our peak inventory will be for this summer, but I'm sure it will be dramatically lower than the last few years when we peaked in the 160-190 range (currently there are just 64 single family homes for sale).

Here are photos and details of last weeks Tahoe Donner real estate activity:

9 homes were listed for sale.

4 homes had their asking price reduced.

5 homes went into escrow.

4 homes sold.

Last weeks Tahoe Donner real estate activity was like an echo of the week before.  Once again we saw 12 homes listed for sale, 9 homes go into contract, and 4 close escrow.  Again, those are incredibly active numbers for this time of year.

Of the 9 homes which went into contract, 6 had been on the market less than a week.  For the first time in a while, there wasn't much breadth to the market activity, as 8 of the 9 homes had asking prices between $429k and $649k.

Here are photos and details of last weeks Tahoe Donner real estate activity:

12 homes were listed for sale.

2 homes had their asking price reduced.

9 homes went into contract.

4 homes sold.

We are running out of superlatives to describe the Tahoe Donner homes sales activity.  This is supposed to be a very slow time of year with new listings dominating the landscape until the summer season.  New listings are prominent right now, with 12 homes coming on the market, but 9 homes went into contract, 5 of which had been on the market 2 weeks or less.

This is not a busy time of year for tourism in Truckee, as the ski areas are closed and golf and other summer activities have not yet begun.  Clearly people are coming up here with the pure intent to purchase real estate!

Here are photos and details of last weeks Tahoe Donner home sales activity:

12 homes were listed for sale.

4 homes had their asking price reduced.

9 homes went into contract.

4 homes sold.

I think I've said this before, but it sure feels like summer time in Tahoe Donner.  The weather is warm, the snow has melted, and the real estate market continue to be hot.  Another 6 homes went into escrow this week, 5 of which had been on the market 3 weeks or less.

Sellers and their agents are well aware of the hot market and low inventory of homes for sale.  More homes are coming on the market than you would typically see at this time of year, and sellers are being aggressive with their asking prices.  That said, the good homes continue to move quickly and the inventory of homes actively for sale is still low.

Here are photos and details of last weeks Tahoe Donner real estate activity:

7 homes were listed for sale.

2 homes had their asking price reduced.

6 homes went into escrow.

5 homes sold.

Tahoe Donner real estate sales activity remains steady.  Another 4 homes went into contract last week, all of which had asking prices between $275 - 300 per square foot (average price per square foot of sales throughout 2011 and 2012 hovered in the $235 - 245 range).

Of the 6 homes that sold, 2 had sales prices above $300 per square foot, including a house on Bear Meadows Court which sold for $1,325,000.  After going 2 full years without a single Tahoe Donner home selling for over $1.2 million, we've now had 3 homes eclipse that mark in just the last 2 months.

Here are photos and details of last weeks Tahoe Donner real estate activity:

8 homes were listed for sale.

4 homes had their asking price reduced.

4 homes went into contract.

6 homes sold.

Last week was a nice, steady, week for Tahoe Donner real estate.  Considering that ski season is nearly over and we are in a typically slow time of year, the numbers are solid.  We typically see a slow rise in the inventory of homes for sale from mid April through mid May, but I expect to see the good homes continue to sell quickly keeping the number of homes actively on the market at a relatively low level.

Here are photos and details of last weeks Tahoe Donner real estate activity:

6 homes were listed for sale.

2 homes had their asking price reduced.

4 homes went into contract.

4 homes sold.

The Easter/Spring Break period has been quite robust for Tahoe Donner real estate sales activity.  A lot of homes continue to go into contract, while we are also seeing a lot of homes coming onto the market. There were 17 homes listed for sale in the last 2 weeks. Typically we don't see many new listings at this time of year, as seller's wait for the "busier" summer season to put their home on the market.  This year, however, sellers are taking note of the strong demand and low supply and getting their home onto the market.  Many of these seller's are reaching for the stars, as 10 of the new listings have asking prices at $285/per square foot or higher (keep in mind the average sale price has hovered between $235-240 per square foot the last couple of years).

Despite these higher asking prices, homes are still selling quickly.  12 homes went into contract in the last 2 weeks, 8 of which had been on the market for 3 weeks or less.

15 homes sold, including the first Tahoe Donner home in over 2 years to sell for more than $1.2 million; a golf course home on Snowpeak Way which sold for $1.325m.

Here are the photos and details of the Tahoe Donner real estate activity from the last 2 weeks:

17 homes were listed for sale.

5 homes had their asking price reduced.

12 homes went into escrow.

15 homes sold.

Tahoe Donner home sales continue to be strong.  We are starting to see closings from the heavy activity early in the year and the results are very encouraging.  11 homes closed escrow last week, and those sales averaged $260 per square foot.  This marks a significant increase from the average over the last couple years, which has hovered between $235-240 per square foot.  It's also important to note that 5 of the 11 sales were at $285 per square foot or higher.  This shows a significant increase in the ceiling of this metric and shows that buyers are willing to pay a significant premium for good houses.  It's also worth noting that the average sales price was $575,000.  This, too, marks a significant increase from the average over the last couple years.  This is a very small sample size, but it gives us reason for continued optimism.

Though the number of homes going into contract on a weekly basis has slowed slightly, we still saw a solid 5 Tahoe Donner homes go into contract last week.  3 of the 5 homes had been on the market less than a week.  A fourth had been on the market less than 2 weeks.  This shows that demand is very strong and that buyers are ready to pounce on good opportunities . . . we just need more of those opportunities to come on the market!

Following are photos and details the Tahoe Donner real estate activity from last week:

8 Homes were listed for sale.

2 Homes had their asking price reduced.

5 Homes went into escrow.

11 Homes sold.

5 more Tahoe Donner homes went into contract last week.  The good homes continue to move quickly, as 2 of these homes were on the market for 3 days or less.  There was also a decent selection of new listings which hopefully will help buyers find what they are looking for. 

Here are photos and details of last weeks Tahoe Donner real estate activity:

6 homes were listed for sale.

4 homes had their asking price reduced.

5 homes went into contract.

5 homes sold.

The Tahoe Donner real estate market finally took a breath this week.  Just 2 homes went into contract, but since the asking prices of those 2 homes were $849k and $1.35m, and the $1.35m home had 2 offers on it, it still felt like a strong week for the market.

The weather is warming up, with temperatures approaching 60 degrees in Truckee this entire week.  This kind of early warm weather, especially with a below normal snow pack, could cause visitors to head toward the beach rather than the mountains for the next couple months.  Typically this causes the market to go into the spring slow down a little early.  Demand is so strong this year, however, that I wouldn't be surprised if we continue to see a lot of homes go into contract.  We'll just have to wait and see what happens.

Here are photos and details of last weeks Tahoe Donner real estate activity:

5 homes were listed for sale.

2 homes had their asking price reduced.

2 homes went into escrow.

7 homes sold.