Tahoe Donner, REOs and Short Sales

Tahoe Donner was originally offered to mountain buyers in the 1970's. It is our largest subdivision, approx. 6000 home sites and there are still several hundred un-developed lots. Tahoe Donner has a multitude of amenities which make it a desirable location even through market shifts (marina at Donner Lake, downhill ski area, cross country skiing, golf, tennis, hiking, equestrian, workout/rec center with pools and hot tubs) . As you will see from the numbers, it hasn't suffered the way some markets have. This could be beneficial to buyers looking for a mountain getaway--and looking to the long term.

Currently we have 136 active single family listings. 14 of those are bank owned or short sale. Of the 14, seven have seller acceptance and are waiting for bank approval.

Since the first of the year, 25 TD homes have sold. 5 of them were bank owned or short sale.

Of the pre-2000 construction homes that have sold, they have averaged 90 days on the market and sold for an average of $294 per square foot. This reflects the construction of smaller homes prior to 2000. The post 2000 homes have averaged 141 days on market and $273 per square foot.

We have 16 properties in escrow/pending-4 of them bank owned or short sale. On average, the properties in escrow have been on the market 170 days and average asking price works out to $291 per square foot. Post 2000 homes that are pending have an average 153 days on market and $322. average per square foot asking price. Of the 5 newer homes in escrow, only one is a short sale.

If you'd like my charts and graphs, let me know. If you have any questions, don't hesitate to call me at 530-550-1299.

Tamara represents buyers and sellers in Lake Tahoe, Truckee, and Napa CA. Please call: 530-550-1299 or email Tamara at tperlman@coldwellbanker.com for more information on market or general real estate inquiries. Search listings at www.TamaraPerlman.com

Note: Data on this page is based on information from the Tahoe Sierra Board of Realtors, MLS. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data's accuracy. Data maintained by the MLS may not reflect all real estate activity in the market.