Tahoe Donner Condo Values | Market Report - Year End 2018

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Real Estate Agent with Coldwell Banker, Tahoe City, CA (530) 414-1260 CalRE# 01473598

Tahoe Donner Condo Values | Market Report - Year End 2018

Looking for sold, year-end 2018  condo | townhouse real estate market data for the Tahoe Donner area? Here is the year-end 2018 review for the Tahoe Donner condo community in Truckee. The Tahoe Donner real estate market conditions continue to be strong, and favor Sellers. The average median condo sold sales price for 2018 in Tahoe Donner was $362,450.  

Inventory levels of available condos/townhouses for sale in Tahoe Donner remain critically low and limited with Buyers having very few buying options most price points. 

On January 13, 2019 there were only 36 home for sale. 

You can see on the graph below that the over-all Tahoe Donner condo price trend for the average median condo sold sales price move up and 2018 is getting close to 2008 price levels. 

Tahoe Donner condo/townhouse prices were up +5.1% for 2018, with a median average sales price of $362,450 (TSMLS Areas 9TD), which continues the upward price trend.

A common question I am often asked by Buyers and Sellers is:

  • "What percentage of the listed price are Sellers getting on their Tahoe property?"

In 2018, Sellers realized 99.3% of the their listed condo price to the sold average median sales price in the greater Tahoe Donner area (MLS Areas 9TD).  

This is close to the over-all region, which was slightly higher at 99.5%. 

In every day terms, this means Sellers are very close to their full asking price, if they have priced their property correctly.

It also means Tahoe Buyers that want to low-ball, or be really aggressive on their offered price are going to have a hard time in this market. 

Condo Sold Activity for the Tahoe Donner Area: Year-End 2018

YTD Period:  01-01-2018 to 12-31-2018 | MLS Areas 9TD

  • Number of Condos Sold in Tahoe Donner: 56
  • Median Average Sold Sales Price for Condos Tahoe Donner: $362,450
  • Average Sold Sales Price in Tahoe Donner: $329,389
  • Sold Price Range in Tahoe Donner:  $87,500 - $530,000
  • Percent (%) List to Sold Price Ratio:  99.3%
  • Average Days on Market (DOM in MLS)35 DOM
  • Number of Active and Available Condos for Sale in Tahoe Donner as of 01-13-2019:  3 (TSMLS Areas 9TD)
  • Pending Condo Sales in Tahoe Donner as of 01-25-2019: 5
  • Number of Distressed Available Listing (MLS Areas 9TD) – As of 01-25-2019:  Zero  (0) listings: Zero (0) Court Approval | Zero (0) Short Sale | Zero (0) REO|Bank Foreclosures 

Other interesting Tahoe Donner condo/townhouse market observations:

Days on Market (DOM) dropped significantly in 2018.  For 2018 the number of days on the market for condo/townhouses is now at 35 days, which is down seventeen (17) days from 2017, which is a 33% decrease in marketing time.

The shorter the marketing time for a home, the stronger the market is for Sellers. 

Inventory - Current inventory levels are critically low.  Again, another sign of the market favoring Sellers.

Tahoe Donner is following the North Lake Tahoe - Truckee Regional Pricing Trends - The Tahoe Donner condo market is following the entire North Lake Tahoe - Truckee region and increased +5%, which is below the North Lake Tahoe - Truckee regional condo/townhouse price increase of +7% for 2018.

I always recommend looking the the entire North Lake Tahoe - Truckee Region for market trends. North Lake Tahoe - Truckee Home Values | Market Report - Year End 2018

 

If you already own a condo/townhouse in the Tahoe area and want to know what is your property is now worth? Call me call Laura Allen,  530.414.1260, for a confidential consultation.

Tahoe Condo/Home Buyers should do the following:

  • See new listings as soon as possible.  Tahoe second home Buyers should try to driving up the next day to see the property and not wait until the weekend.
  • Ready, set, go!  Be prepared to make a buying decision immediately.
  • Work with an experienced local Tahoe Real Estate Agent.  They understand the market conditions, and many Buyer Agents know how the other side negotiation tactics.  
  • If you will need a loan, make sure your lender has approved you.  You will need to move quickly and not having your loan lined up will put you at a disadvantage. 
  • If you are buying a condo or townhome in the area, make sure you are using a local lender.  Using a local lender that has recently processed a loan in the complex you want to buy in will do two things for you.  One, you will have the confidence that the lender has already reviewed their HOA docs and previously approved the development, increasing your odds of the same outcome.  Second, Sellers that know you have selected a lender with this experience will give you extra credit for knowing your lender is ready to go on their property.

If you want more long-term North Lake Tahoe - Truckee real estate data, check out the following table that has a lot of data going back over ten years. I've included both the average median sales price and average sales price (in some cases there is a significant difference between the two, but the trends are the same direction for both) are included for each year in the following table. 

Tahoe Donner Condo Values | Market Report - Year End 2018

MLS Areas 9TD | 01/01 – 12/31/2018 (This table is best viewed on a laptop, desktop, or a device with a larger screen.)

  Year   Condos Sold Median Average Sales Price   Average Sales Price DOM Days On Market   Lowest Price Sold   Highest Price Sold   % Cash Transactions   Distressed Sales   Breakdown of distressed Sales
2018* 56 $362,450 $329,389 35 $87,500 $530,000 43% 0% 0 REO’s 0 Short Sales
2017 81 $345000 $330,343 52 $75,000 $535,000 25% 0% 0 REO’s 0 Short Sales
2016 67 $310,000 $295,619 60 $71,000 $510,000 39% 1.5% 1 REO’s 0 Short Sales
2015 38 $286,500 $270,677 71 $50,000 $520,000 42% 2.6% 0 REO’s 0 Short Sales 1 Court Approval
2014 48 $275,750 $268,985 85 $53,000 $550,000 42% 3.4% 1 REO’s 1 Short Sales
2013 38 $251,000 $267,548 51 $60,000 $501,000 37% 7.9% 2 REO’s 1 Short Sales
2012 41 $210,000 $220,826 94 $40,000 $439,500 51% 22% 5 REO’s 4 Short Sales
2011 35 $220,000 $212,975 116 $49,000 $447,000   46% 37% 5 REO’s 8 Short Sales
2010 44 $289,250 $276,816 121 $46,000 $465,000 39% 43% 10 REO’s 9 Short Sale
2009 34 $310,500 $293,720 130 $98,000 $462,000   32% 21% 5 REO’s 2 Short Sale
2008 19 $379,000 $370,365 135 $165,000 $555,000 32% 0% 0 REO’s 0 Short Sales
2007 32 $414,450 $372,762 117 $92,000 $665,000 26% 0% 0 REO’s 0 Short Sales
2006 30 $419,900 $432,540 90 $235,000 $628,900 0% 0% 0 REO’s 0 Short Sales

REO's = Real Estate Owned, which is the name banks use for their bank foreclosed properties.

Short Sales = Owner does not have the money to pay off all of the debt and asks the debt holders to take less back in order to close the sale.

*YTD period is 01/01/2018 – 12-31-2018. Data Source: Tahoe Sierra Multiple Listing Service (TSMLS). 

Year-to-date summaries are based on information from the Tahoe Sierra Board of Realtors (TSMLS).

Due to TSMLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Laura Allen, or Coldwell Banker Residential Brokerage does not guarantee the data’s accuracy.

Data maintained by the TSMLS's may not reflect all real estate activity in the market.

All information is deemed to be reliable, but is subject to change, modification, and/or correction without prior notice.

If your property is currently listed for sale, or you have an active Buyer Representation Agreement, this is not intended as a solicitation.

Want to learn more about Tahoe Donner?

Want to see other Tahoe Donner Market Reports? Here are recent past market reports for single family home sales for the entire North Lake Tahoe - Truckee homes for the region: Want to know what is going on in the North Lake Tahoe - Truckee Condo / Townhouse market?
When you’re ready to buy, or sell in the North Lake Tahoe - Truckee Region, call Laura Allen,  530.414.1260, with Coldwell Banker the top real estate brokerage in the Lake Tahoe – Truckee region!
 
For all of your Tahoe real estate needs –

 

Laura A. Allen | 530.414.1260  | Laura@TahoeLaura.com
BROKER ASSOCIATE, Tahoe Real Estate Agent CalRE# 01473598
Coldwell Banker, Tahoe City, CA CalRE#01908304
 
All information is deemed reliable, but is subject to change, and/or correction without notice.
 
Tahoe Donner Condo Values | Market Report - Year End 2018
 
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Rainmaker
3,273,067
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Laura - these year-round real estate market updates such as this one for condos in the Tahoe Donner area serve as a good guide for prospective buyers/sellers to get a grasp of local trends.  The next step is to contact you for detailed information.

Mar 06, 2019 01:36 PM #1
Rainmaker
4,796,627
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Laura.  Thanks for keeping us updated about the Tahoe Donner condo real estate market.

 

Mar 07, 2019 06:49 AM #2
Rainmaker
1,161,662
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Your Tahoe Donner condo market remains a sellers' market. It's unusual to hear "critically low inventory" of late as in many markets it is increasing. Hopefully you get some motivated sellers to boost the market.

Mar 07, 2019 02:45 PM #3
Rainer
384,009
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Mar 08, 2019 01:37 AM #4
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Rainmaker
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Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com

Tahoe Real Estate Agent Helping Buyers and Sellers
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