Truckee Real Estate – Tahoe Donner SF Home Sales – July ’10
August 7, 2010
Truckee Real Estate – Tahoe Donner Single family Home Sales – July 2010
The following Figure shows Tahoe Donner Single Family Home Sales from Jan 2008 through July ‘10.
The data is obtained from the Tahoe MLS published data for July 2010. This 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
Single family home sales were 13 homes, down from 15 last month. The 13 home sales are lower than last year but on par with 2008. As mentioned previously, based on seasonality data for the last couple years, we can expect to see home sales rising through the late summer and fall. Regarding new home sales, there are a few on the market with a few more coming before winter. Regarding lots, we only have another couple months of possible buildable lot sales as we enter the end of the summer building season.
Tahoe Donner July 2010 SF Home Sales
Figure 1. Tahoe Donner Single Family Home Sales – Note seasonality of sales
Inventory (# of SF listings) picked up from 152 to 167. As mentioned in the last couple months report, the inventory has grown as property owners have worked on their homes over the summer and have now listed them before the busy fall selling season – note the seasonality of sales shown in Figure 1 where August through the end of the year is typically strong. Note that inventory tends to be a bit higher before we enter this strong selling season.
When you consider we have over 5100 homes in Tahoe Donner this is approximately 3 % of the homes in TD.
Average Days on market (DOM) increased to 104 – which looking at the above graph is roughly about average.
Tahoe Donner Average and Median Sale Prices
Figure 2. 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. 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 a lack of new high end home construction activity in Tahoe Donner. This will tend to keep single family (SF) home pricing a bit lower until we get some additional high end construction activity and new homes for sale. This is another good sign of a strong market beause 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
Comments
Got something to say?