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Tahoe Donner Real Estate

by Nicholls Real Estate Group

Getting back to normal . . . 

Many of you have noticed that I haven't posted in awhile.  I apologize!  The winter weather was so crazy through January (snowiest month on record) and February (snowiest February on record), that there wasn't much activity to report.  Plus, I was tired from working (and playing!) in the snow.  In a "normal" year January and February are quite active for real estate sales, while March and April are slower.  This year was the opposite.  January and February were slow, but March and April were busier than normal.  We seem to be getting back to normal now, as inventory is starting to build, but demand is strong.  There is definitely a sense, regionally, that it will be a very busy summer.

Here's a look at some of the big picture real estate activity over the last couple months:

Home Sales:

Current Pending Sales (28 homes).

Current Homes For Sale (46 homes).

 

Condo Sales:

Current Pending Condo Sales (5 units).

Current Condos For Sale (14 units).

Tahoe Donner Real Estate Update January 9 - 15

by Nicholls Real Estate Group

It feels like it has been awhile since we had a "normal" business week in Tahoe Donner real estate.  Last week, Mother Nature did a number on us, with one of those big storm cycles we see once every 5 years or so.  This one was particularly impressive, both in the amount of snow fall, and the amount of havoc it created in the Truckee/Tahoe region.  Ski areas reported up to 15 feet of snow over a 10 day period, including one 24 hour period which brought 3-4 feet.  We saw 3 to 4 days of all the major roads being closed, 4 days of the major ski resorts being closed, and more power outages than you can count.  In fact, some areas were without power as much as 6 days.  Norm, who has lived in Tahoe about 50 years, ranked it as the third "wildest" winter storm he has seen.

Even with all that going on, we did find a little bit of time for real estate activity.  Four new listings managed to make it onto the market, and 4 homes had price reductions (both low numbers for a week preceding a significant holiday weekend).  Two homes managed to go in contract. 

From a business perspective, the good news is that the storm (and "havoc") mostly cleared out for the holiday weekend, so there were a lot of showings over the weekend.  This, combined with the now phenomenal ski conditions, should bode well for next weeks new escrows.  That said, there's a couple more storms in the forecast for the end of this week!

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

4 homes were listed for sale.

4 homes had price reductions.

2 homes went into contract.

2 homes sold.

 

Tahoe Donner Real Estate Sales January 2 - 8

by Nicholls Real Estate Group

The overwhelming story of the first week of 2017, in Truckee, was the weather.  The ski areas around the Lake Tahoe region saw 6 to 8 feet of snowfall during the week, and then we received 6+ inches (I haven't heard official measurements) of rain over the weekend.  Week 2 may also get overwhelmed by the weather, as we have now switched back to snow, and forecasts are calling for 5 to 7 feet of snow at the resorts.

Sooooo . . . Tahoe Donner real estate sales did happen, but it was far from the primary story of the week.  In fact, just 3 homes were listed for sale, and just 4 homes went into contract.  The most interesting part about real estate activity was the 8 homes which closed escrow, including a $1.425 million home on Hillside.

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

3 homes were listed for sale.

No home had price reductions.

4 homes went into contract.

8 homes sold.

Tahoe Donner Home Sales Activity December 19 - January 1

by Nicholls Real Estate Group

Happy New Year!

I didn't post last week, so this post covers 2 weeks worth of data . . .

Tahoe Donner homes sales were slow leading up to Christmas, but then the year ended with a bang as seven homes went into contract in the last 3 days of the calendar year.  There were also seven closings over the last 2 weeks.  Those closings are unspectacular, at first glance, but the average price of those sales came in at $346 per square foot.  It's a very small sample size, but still an impressive number relative to the $315/sq ft average which we hovered around most of the second half of the year. 

We are down to just 29 homes, and 8 condos actively for sale in Tahoe Donner.  We typically see some new listings hit the market in the first couple weeks of the year.  Hopefully that will be the case this year, because we really need it!


Here are photos and details of activity for the last 2 weeks:

3 homes were listed for sale (1 is already in contract)

3 homes had price reductions.

9 homes went into contract.

7 homes sold.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tahoe Donner Real Estate Sales Activity December 12 - 18

by Alan Nicholls

The Tahoe Donner real estate market was very quiet last week.  This is normal for the time of year, as people focus on family heading into the holidays.  The massive amounts of rain we saw probably had an impact as well.

We expect similar activity this week, followed by an increase in new listings and showings next week.  The first quarter has been very active the last 3 years, and we expect that to be the case again in 2017.

While there wasn't much activity, here are photos and details of what did transpire:

 

2 homes were listed for sale.

1 home had a price reduction.

2 homes went into contract.

3 homes sold.

 

Tahoe Donner Real Estate Sales Update Nov 28 - Dec 11

by Nicholls Real Estate Group

I didn't get a chance to post last week, so this update covers a 2 week period . . .

Real estate activity in the Truckee/Tahoe region is typically slow between Thanksgiving and Christmas.  The supply side certainly adhered with that history, with just 5 price reductions and 4 new listings (2 already in contract) in Tahoe Donner.  The demand side, however, saw solid activity, as 9 new escrows in a 2 week period is nothing to scoff at.  Particularly interesting is that 2 of the escrows are on homes priced over $1 million, and 8 of the 9 were priced over $600k.  There are also 10 new homeowners who are helping us pray for snow in their first winter!

Here are photos and details of all the activity from the last 2 weeks.

2 homes were listed for sale.

5 homes had price reductions.

9 homes went into contract.

10 homes sold.

 

 

Tahoe Donner Home Sales November 21 - 27

by Nicholls Real Estate Group

Up to 4 feet of snowfall (at the ski resorts), and seven new escrows in Tahoe Donner, meant that the Thanksgiving holiday was not a turkey for the Truckee/Lake Tahoe Region!  Mother nature did her part by changing the season to winter, and real estate buyers did their part by purchasing houses.  

Among the homes which went into escrow is a new construction home, on Hillside, with an asking price of $1.475 million.  Here are photos and details of all the real estate activity in Tahoe Donner:

 

2 homes were listed for sale.

1 home had a price reduction.

7 homes went into contract.

3 homes sold.

Tahoe Donner Real Estate November 14 - 20

by Alan Nicholls

The Tahoe Donner real estate market sprung back to life, post election.  Six homes went into contract, and 7 homes sold, during the last week.  Included in the sales is a new build, by Dave Taylor Construction, on the 16th hole of the golf course, which went for $1.2 million.

The other big news, is it feels much more winter like in the Truckee/Tahoe region.  Temperatures have been in the 30's and 40's the last week.  Though there are only traces of snow around lake level, there are reports of up to 2 feet of snow fall at the ski areas.  Let get ski season started!

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

 

1 home was listed for sale.

4 homes had price reductions.

6 homes went into escrow.

7 homes sold.

 

Happy Thanksgiving to everyone!

Tahoe Donner Real Estate Update November 7 - 13

by Nicholls Real Estate Group

Obviously the big news for the week was the Presidential Election.  Regardless of your Opinion of Donald Trump, the election caught everyone by surprise.  We suspect many buyer's will take pause, as they monitor the unknown of what his presidency will bring.  However, we feel confident that there are 2 things you can count on from President Trump:

  1. He will support business.
  2. He will support real estate.

Those 2 things should give confidence to the real estate market going forward.

As for Tahoe Donner real estate activity, last week was all about closings.  There were 15 transactions which closed during the week, easily the busiest week of 2016.  Among those closings were 2 homes with sales prices over $1 million, and another at $999k.  

We are expecting colder weather in Truckee over the next week.  Hopefully it will bring snow (both natural, and man made) and help us transition into ski season, which is always a busy time for our market.

 

5 homes were listed for sale.

5 homes had price reductions.

4 homes went into contract.

15 homes sold.

Tahoe Donner Home Sales October 31 - November 6

by Nicholls Real Estate Group

Tahoe Donner home sales were somewhat quiet this week, but we still saw 5 homes go into contract.  In fact, this is the third week in a row in which 5 homes have gone into contract.  

There isn't much remarkable about this weeks activity, other than my personal surprise that the home at 11910 Skislope had another price reduction to $1.299 million.  This surprises me because it is such a beautiful home, and also a spectacular location with views of Donner Lake.  This home is bound to sell soon.

Here are photos and details of all the activity:

 

3 homes were listed for sale.

4 homes had price reductions.

5 homes went into escrow.

5 homes sold.

Displaying blog entries 1-10 of 421

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