Tahoe Donner October 2010 Home Sales
November 6, 2010
The following Figure shows Tahoe Donner Single Family Home activity from Jan 2008 through October ‘10.
The data is obtained from the Tahoe MLS published data. Note, this data is for single family homes only – contact me for data on Tahoe Donner Condos or data for other Truckee areas. Gary at 530-448-1100 or TruckeeRealEstate@gmail.com.
Tahoe Donner Home Sales - Oct '10
Tahoe Donner Single Family Home Sales
Single Family home sales in September ’10 were slightly down from October of last year. This is significant since sales in Tahoe Donner are extremely seasonal and year to year comparisons are required to get a valid picture of sales activity. So, based on seasonality one can expect that sales will be strong for the rest of 2010 as we get into the winter season.
Inventory (# of SF listings) decreased significantly 161 down to 125 (-22%). When you consider we have over 5200 homes in Tahoe Donner inventory continues to be stable around 2.4% of the homes in TD. This low inventory is obviously a positive sign for the continued good health of Tahoe Donner Market.
Average Days on market (DOM) increased slightly to 76 days – which looking at the above graph is still lower than last year and toward the low end for the last couple years. This means that homes in Tahoe Donner are typically selling in approximately 10 weeks or less. Great news!
Single family home sales were 27 homes, up from 26 last month. The 27 home sales was slightly lower that Oct of last year. Regarding new home sales, there are 7 on the market with perhaps a few more coming before winter. Regarding lots, we can expect a continued slowdown in lot sales since we are at the end of the 2010 building season.
Tahoe Donner Prices - Oct '10
Tahoe Donner Single Family Home Median and Average Home Price
One can see that the average and median prices are holding fairly steady through ‘09. And ’10 at slightly over $500,000. 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 has affected this price curve is a reduction of new high end new home construction activity in Tahoe Donner in 2009 and 2010. This has tended to keep single family (SF) home pricing a bit lower until we get some additional high end construction activity and new homes for sale. Since we are getting some recent new home activity, one can expect that prices will lift up a bit in the next few months. This is another good sign of a strong market because prices tend to be holding in even without the expensive new homes coming on the market.
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 and prices per sq. ft. – this is very helpful if you are considering selling or buying a home – call me for a copy of this data.
Gary LaBelle, your Truckee Realtor
(530) 448-1100
DRE #01495906
[...] December 5, 2010 November looks great for sales. We had 18 single family home sales in tahoe Donner with 7 more pending, 18 contingency offers and 6 short sale contratcs opened. The 18 sales compares to 27 sales in October. We certainly could have had similar sales if some of the pending and contingent clsoed by the end of the month. The good news here is that we have a great start for Dec sales which should also be a good month. I will update my graphs in a few days but for those of you who can't wait, here's a link to last months report and graphs. http://www.truckeehome411.com/truckee-real-estate-tahoe-donner-oct-10-sales/ [...]