Truckee Real Estate – Tahoe Donner Jan 2010 Sales
February 13, 2010
The following Figure shows Tahoe Donner Single Family Home activity from Jan 2008 through January ‘10.
Figure 1. Tahoe Donner Single Family Home Sales
Single Family home sales continue to outpace last year’s sales. Inventory (# of listings) is at a multi-year low. The very strong sales in Sept-Dec reduced the number of available homes for sale and the remaining inventory has really been picked over. Low inventory and strong demand will obviously help to put some upward bias on home pricing.
Inventory is low at 82 homes on the market, down from 83 last month. When you consider we have over 5100 homes in Tahoe Donner this is approximately 1.6 % of the homes in TD. Based on historical data we could expect the inventory to climb as we get into the summer and fall selling season.
Average Days on market (DOM) decreased significantly to 39 days – another multi-year low. I think this is due to the inventory of homes falling and some of the slow moving listings finally selling due to the increased demand.
Single family home sales were 10 homes, down from 34 last month. I think a very strong factor here is due to seasonality – Jan tends to be a slow month based on historical data. Also, low inventory is also a significant factor. Based on seasonality data for the last couple years we can expect to see home sales rising, assuming we have enough inventory to sell. I would expect to see the home builders start to come out of hibernation due to the low inventory. A consequence of this is that demand for buildable lots should show an increase soon.
Figure 2. Tahoe Donner Single Family Home Median and Average Home Price
One important change that started in Jan of ’09 is that Average and Median prices had a significant downturn – see Figure 2. However, one can see that the average and median prices have grown since Jul of ‘09. This is a good trend and could be construed as a sign that the Tahoe Donner single family home market is healthy. Interesting that Jan ’10 also had a significant decrease in Average and median prices – I’ll have to look at the 10 sales and see if this can be explained.
One factor that affects this price curve is that we have a dearth of high end new home construction activity in Tahoe Donner. This will tend to keep SF home pricing a bit lower until we get some additional high end construction activity.
I hope this data, presented in this form was useful to you. For an instant update, or a discussion about condos/townhomes, please call me and I’ll be pleased to provide you with the most recent data available. MLS data is available and I encourage the buyer or seller to study the data and arrive at their own conclusions before making a buy or sell decision. Contact me if you would like to see the “raw” data. I also have sold price vs. listed price data – this is very helpful if you are considering selling or buying a home – call me for a copy of this data.
Gary LaBelle, Realtor
(530) 448-1100
DRE #01495906
Tahoe Donner SF Home Sales Blow the Doors Off!
January 4, 2010
The following Figure shows Tahoe Donner Single Family Home activity from Jan 2008 through December 2009.
Figure 1. Tahoe Donner Single Family Home Sales
Single Family home sales set a 2009 record with 34 homes sold and continue to outpace last year’s sales. Inventory (# of listings) is at a multi-year low. The very strong sales in Sept-Dec reduced the number of available homes for sale and the remaining inventory has really been picked over. Low inventory and strong demand will obviously help to put some upward bias on home pricing.
Inventory is low at 83 homes on the market. When you consider we have over 5100 homes in Tahoe Donner this is approximately 1.6 % of the homes in TD.
Average Days on market (DOM) decreased to 101 days. I think this is due to the inventory of homes falling and some of the slow moving listings finally selling due to the increased demand.
Figure 2. Tahoe Donner Single Family Home Median and Average Home Price
One important change that started in Jan of ’09 is that Average and Median prices had a significant downturn – see Figure 2. However, one can see that the average and median prices have grown since Jul of ‘09. This is a good trend and could be construed as a sign that the Tahoe Donner single family home market is healthy and improving. The price increase is happening without significant help from new home construction.
One factor that affects this price curve is that we have a dearth of high end new home construction activity in Tahoe Donner. This will tend to keep SF home pricing a bit lower until we get some additional high end construction activity.
I hope this data, presented in this form was useful to you. For an instant update, or a discussion about condos/townhomes, please call me and I’ll be pleased to provide you with the most recent data available.
MLS data is available and I encourage the buyer or seller to study the data and arrive at their own conclusions before making a buy or sell decision. Contact me if you would like to see the “raw” data.
Gary LaBelle, Realtor
(530) 448-1100
DRE #01495906
Tahoe Donner Price Increase?
December 23, 2009
Here’s something we could start seeing a lot more of – a $10,000 price increase.
The for sale inventory in Tahoe Donner is dwindling so we may see more of this.
MLS# 2902691
14760 Northwoods Boulevard
Truckee, CA 96161
Price increase from $339,950 to $349,950
Area: Tahoe Donner
Subdivision: Tahoe Donner 04
Type: Single Family
Beds: 3
Baths: 2.0
Square Feet: 1410
Garage: 2
Year Built: 1978
Setting: Street
Tahoe Donner Single Family Home Sales – Nov ‘09
December 4, 2009
The following Figure shows Tahoe Donner Single Family Home activity from Jan 2008 through November 2009.
Figure 1. Tahoe Donner Single Family Home Sales
Single Family home sales continue to outpace last year’s sales. Inventory (# of listings ) is at a multi-year low. The very strong sales in Sept-Oct reduced the number of available homes for sale and the inventory has really been picked over. Low inventory and strong demand will obviously help to put some upward bias on home pricing.
Inventory is low at 99 homes on the market. When you consider we have over 5100 homes in Tahoe Donner this is approximately 1.9 % of the homes in TD.
Average Days on market (DOM) increased to 123 days. I think this is due to the inventory of homes falling and some of the slow moving listings finally selling due to the increased demand.
Single family home sales were 15 homes, down from 30 last month. There are a large number of pending and contingent sales so Dec could be up if the pending sales can get closed.
Figure 2. Tahoe Donner Single Family Home Median and Average Home Price
One important change that started in Jan of ’09 is that Average and Median prices had a significant downturn – see Figure 2. However, one can see that the average and median prices have remained stable since Jul of ‘09. This is a good trend and could be construed as a sign that the Tahoe Donner single family home market is healthy.
One factor that affects this price curve is that we have a dearth of high end new home construction activity in Tahoe Donner. This will tend to keep SF home pricing a bit lower until we get some additional high end construction activity.
I hope this data, presented in this form was useful to you. For an instant update, or a discussion about condos/townhomes, please call me and I’ll be pleased to provide you with the most recent data available.
MLS data is available and I encourage the buyer or seller to study the data and arrive at their own conclusions before making a buy or sell decision. Contact me if you would like to see the “raw” data.
Gary LaBelle, Realtor
(530) 448-1100
DRE #01495906
Tahoe Donner Single Family Home Sales – 2009 YTD
December 4, 2009
Want detailed sales data for Tahoe Donner Single Family Home Sales for 2009 year-to-date?
Drop me an email and I’ll send it to you.
Includes address, list price, sales price, price per sq ft and other interesting data.
Gary LaBelle, Realtor
(530) 448-1100
DRE #01495906
