Looking at number of sold units for the first two months in 2012 vs 2011, we see a large increase for Tahoe Donner and especially for homes over 1 million price range. That is the good news. The bad news is, for single family homes, the median price went down from 8% to 23%, and as high as 36% for homes in Serene Lakes at Donner Summit. With lower prices and record low interest rates, smart buyers have stepped up to pick up the great deals. More sales … (1 comments)
Looking at the number of homes sold in 2011, there is an activity increase of 15% over the previous years. This is largely due to an increase in both foreclosure and short sale activities. We have a 21% increase in foreclosure home sales and 31% increase in short sales. The average days on market remained virtually unchanged while the 2011 average sales price decrease 8.5% from 2010. Homebuyers are taking advantage of the lower home prices combining with the low interest rate to purchase … (3 comments)
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