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
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