Truckee Real Estate – Oct ’09 Tahoe Donner Sales Data

The following Figure shows Tahoe Donner Single Family Home activity from Jan 2005 through October 2009.

 

Figure 1. Tahoe Donner Single Family Home Sales

October was a record month for Tahoe Donner. This year there were 30 sales vs. 29 for Oct of last year. Inventory (# of listings) is decreasing and sales have been increasing for several months. 

Inventory is well behaved at 125 homes on the market. When you consider we have over 5100 homes in Tahoe Donner this is approximately 2.4 % of the homes in TD. This is positive since inventory is remaining low and not putting pressure on sales prices.

Average Days on market (DOM) remains low at 93 days. This is a very positive indicator and shows homes are moving quickly.

Single family home sales were 30 homes, up from 27 last month. There are also a large number of pending and contingent sales so Nov should be very strong also.   

 

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 continued to climb 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.

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.

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