Tahoe Donner – Is 2010 the year of the Condo?

Sunrise Over Truckee

Yes, it is in comparison to year-to-date (YTD) single family home sales in Tahoe Donner.

So far there have been 122 sales of single family homes YTD vs. 119 for the same period in 2009 with an average price of $574K vs. $590K last year. An increase of 2.5% in home sales and a decrease of roughly 1% in average sales price.

Contrast this with sales of 29 condo/townhomes in 2010 YTD vs. 20 in the same period last year and an increase in average price of $315K vs. 295 for the same period last year. An increase of 45% in condo/townhome sales and an increase in average price of 6.8%. No question that the Condo/Townhome market is stronger in 2010!