Tahoe Donner Market Trends – 3rd Quarter 2009
Tahoe Donner Summary (Complete Report)
Tahoe Donner Market Trends for the third quarter of 2009:
More lower priced homes are selling. The median sales price for single family homes in Tahoe Donner for Jul 09 to Sep 09 was $525,000. This represents a decline of 8.6%, or $49,500, compared to the prior quarter and a decrease of 21.1% compared to the same period in the prior year. Median sales prices have decreased about 31.4%, and average sales prices have decreased about 29% for the 3rd Quarter periods over the last 4 years in Tahoe Donner (since 3rd Quarter 2005). The market peek in Tahoe Donner was in 2005.
Market Activity has increased. The number of single family homes sold in Tahoe Donner, as recorded in the Tahoe Sierra MLS, for Jul 09 to Sep 09 was 65 homes. This represents an increase of 35.4%, or 17 homes, compared to the prior quarter and an increase of 20.4%, or 11 homes, compared to the same period in the prior year. The market activity has increased dramatically over this last quarter! There are lots of buyers purchasing properties and we are seeing many multiple offer situations.
Great deals are being made! The average listing price for single family homes in Tahoe Donner for Jul 09 to Sep 09 was $605,296. This represents a decline of 8.4%, or $55,240, compared to the prior quarter and a decrease of 21.4% compared to the same period in the prior year. Single family homes in Tahoe Donner sold at an average of 94.3% of their last listed price, during Jul 09 to Sep 09, compared to the same period in the prior year when the homes were selling at an average of 96.2% of their last listed price. Some great deals are being made!
Fewer homes on the market. The number of listings for Tahoe Donner single family homes for sale in the Tahoe Sierra MLS was 143 as of Oct. 11, 2009, which represents an decrease of 15.9%, or 27 homes, compared to the prior quarter and an increase of 5.9%, or 9 homes, compared to the same period in the prior year. This activity represents the usual seasonal activity we see in home listings for the beginning of the 3rd Quarter each year. Normally, we see the number of listings decline in the 3rd Quarter as sellers withdraw their homes listings to ski lease the properties for the winter season.
Decrease in the average $/sq.ft. of sold homes. Average price per square foot for Tahoe Donner homes sold during the 3rd Quarter was $275, a decrease of 15.1% (at $324/sq.ft.) compared to the same period last year.
View Tahoe Donner Market Trends for the fourth quarter of 2009
Tahoe Donner Neighborhood Profile
This residential resort community is located on approximately 4,000 acres and includes 6,000 home sites and approximately 1,200 acres of greenbelt, park, or recreation area with some of the boundaries adjoining Tahoe National Forest. Tahoe Donner® was originally established in the early 1970’s, so there are homes and cabins varying in age throughout the subdivision. This subdivision offers a plethora of amenities such as: a campground, equestrian facilities, the second largest cross country ski facility in North America, downhill skiing, a snow play area, a championship 18-hole golf course, a clubhouse, outdoor pools, year round lap pool, 11 tennis courts, private beach club marina and boat facilities at Donner Lake, hiking and biking trails, and a recreation center with weight room, spas, sauna, and a steam room. Property holders receive discounted rates for golf, equestrian and ski services or can purchase discounted season passes.
Also, check out the Tahoe Donner® website for upcoming events and activities at: www.tahoedonner.com.
Truckee Area Neighborhoods
The colorful history of Truckee dates back to 1894, when the Stephen-Townsend-Murphy party was migrating west, trying to cross the Sierra before winter set in. A friendly Paiute Indian offered assistance in guiding the party to California. His name sounded like “Tro-kay” to the white men, who dubbed him “Truckee”.
Logging has been a key industry in Truckee over the past century, along with the railroad. In the late 1800’s, the town gained a reputation as a wild Old West town, with plenty of saloons and a red-light district. After the 1920’s, Truckee began a 40-year period of little growth and development, particularly during and after the War years. Finally in 1960, the Winter Olympics were held at Squaw Valley, putting the Truckee-Tahoe area on the map as a major destination resort for year-round recreation.
Truckee offers a variety of housing opportunities in both small and large subdivisions, all with different personalities. You can click on the Neighborhoods list to the right (under News and Information) for brief descriptions of each subdivision.
