Monday, November 21, 2011
by Alan Nicholls
November 14 - 20:
The Tahoe Donner real estate markets seems to be firmly in the early winter/holiday slow period. Most every year, even the busiest ones, we see a slow down around the holidays. There's a few reasons for it, but the most obvious are that:
1) People are focusing on the Holidays
2) There aren't many outdoor recreational activities going on in Truckee, compared to the rest of the year, so not many people are visiting. There's just enough snow on the ground to prevent "summer" type activities, and not enough snow to get ski season into full gear.
The good news is things will pick back up. For the next month, homes will still sell, as long as they appear to be particularly "good deals". We are also likely to see a significant number of homes taken off the market, as sellers who didn't find success during the summer frequently choose to ski lease their homes in the winter. The next flurry of activity is likely to be triggered by some rereshing new listings hitting the market late in the year, and a typical shot in the arm by demand caused by the optimism each year begins with.
Here are the pictures and details of last weeks activity in Tahoe Donner:
5 homes were listed for sale.
14 homes had their asking price reduced.
3 homes went into escrow.
8 homes sold.