Evidence of the strength of the Tahoe Donner real estate market continues to mount. Not only did 8 more homes go into contract this week, but 7 of those 8 homes had asking prices above $500k. This is an interesting contrast to 2012, when I was frequently reporting high percentages of the escrows on properties under $500k.
It's also important that we had 7 new listings this week. The selection of homes for sale is small right now, so it's good to have a healthy dose of new listings to draw the attention of motivated buyers.
Though only 4 homes closed, it was interesting to see that 3 of them sold at a price above $280/sq ft. Remember, last years average sales price was at $234/sq ft. This is a small sample size, but I think it's the beginning of a trend we will see in the coming week.
Here are photos and details of last weeks Tahoe Donner real estate activity: