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Truckee/Tahoe Donner Weekly Market Update

By
Real Estate Agent with Chase International

There was lots of sales activity in Tahoe Donner again this week. 7 homes and 1 condo went into escrow. 3 properties were under $370K, 3 were in the $600K range, and 1 was over $1 million. There are now 33 single family homes under contract in Tahoe Donner. 16 new homes came on the market in Tahoe Donner this week for a total of 174 active single family homes. 4 homes sold this week - one for $770K, one for $850K, one for $975K, and one for $1,194,500. The average list to sales price was 97%. The average days on market was 79 days. The absorption rate for listed homes in Tahoe Donner is 19% and there is currently just over 5 months of inventory remaining. We will see some homes come on off the market in the next couple weeks and months that will be turned into ski leases. This is good news for the homes that stay on the market because there will be less competition with inventory. If buyers are looking for more properties to chose from, they may want to act soon while there is still so much on the market! For more info on Truckee Real Estate click here.

AREA Current homes/ condos Low High Avg. Avg. days listed SFR Pend-ing Sold SFR
Tahoe Donner 174 32 $334,500 $5.5 mil. $991,409 116 33 4
Sierra Meadows/ Prosser 46 3 $355,000 $4.5 mil. $860,539 108 9 0
Lahanton 30 0 $1,695K $7,950K $3,249,250 254 2 0
Gray's Crossing/ Old Green. 37 8 $1,139K $3,995K $1,962,081 143 0 0
Northstar 39 62 $799K $4,950K $1,607,870 161 1 0
Alpine M./ Squaw Vly. 52 83 $499K $5,750K $1,735,403 166 5 0
Donner Lake 48 2 $329K $3,950K $1,062,637 182 3 1
Glenshire/ Devonshire 59 0 $279K $2,950K $733,001 121 4 2