Tahoe Donner Market Update

Tons of activity in Tahoe Donner this week! 12 homes and 1 condo went into escrow! There is now a total of 32 single family homes in escrow in Tahoe Donner. We have consistenly seen around 20-23 homes in escrow at any given time for this whole year, but this is quite a jump! The majority of the homes that went pending were in the $350K range to $600K range but there were 2 in the $800K-$900K range and 2 over $1 million. 2 homes closed this week - one for $312K, and the other for $598K. The average list to sales price was 86%, the and the average days on market was 68 days. 6 new homes came on the market this week and there is now a total of 166 single family homes currently listed. The absorption rate for homes in Tahoe Donner is 19% (way up from past weeks) and there is still around 5 months of inventory remaining (actually under average for a normal market). There are still some incredible values for homes in Tahoe Donner that we probably won't see on the market for much longer. Once again, the homes that are priced well seem to be going very fast! One home in Tahoe Donner was only on for a couple days before it was scooped up immediately! More info on Truckee real estate.