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Tahoe Donner News Online – June 2014

by Linda Green

Each month the Tahoe Donner Homeowners Association posts the Tahoe DonnerNews publication – the same one that all Tahoe Donner property owners receive in the mail – on the website of issuu.com.

Here’s a brief run down of the many articles that you will find in the Tahoe Donner News – June 2014 edition:

  • The President’s Message
  • June Tahoe Donner events – Amenity Openings
  • 2014 Board of Directors Election
  • Tahoe Donner Photo Contest 2014
  • Putting Practice Makes Perfect
  • Ready, Set, Hike
  • Invasive Weeds
  • Tahoe Donner Tennis
  • Eat + Drink = Happy
  • Free Truckee Tahoe Airshow Highlights Women in Aviation
  • Cross Country Ski Center Gets Approval
  • River Friendly Landscaping

Tahoe Donner Market Trends – 1st Quarter 2014

by Linda Green

Tahoe Donner Summary (Complete Report)

Inventory Still Very Low. The number of listings for Tahoe Donner single family homes for sale in the Tahoe Sierra MLS was 41 as of April 06, 2014. This represents an increase of 11 homes over the beginning of last quarter, in January. Our inventory of homes for sale is still much lower than usual as compared to previous years. The low inventory of homes available for sale is still contributing to our current multiple offer situations.

Median Sales Prices Increased. The median sales price for single family homes in Tahoe Donner for January 2014 through March 2014 was $610,000. This represents a 3.8% increase compared to the prior quarter. The median sales price for single family homes was $499,900 during the same period in the prior year (1st Quarter 2013) which shows a 22.0% increase in prices since last year. The average sales price for single family homes in Tahoe Donner for January 2014 through March 2014 was $608,250. This represents a -2.6% decrease compared to the prior quarter, and a 15.7% increase compared to the same period in the prior year. We are still selling many homes in the lower price ranges. The home selling prices are definitely on the rise, thus we are certainly in a rising real estate market.

Market Activity Decreased. The number of single family homes sold in Tahoe Donner, as recorded in the Tahoe Sierra MLS, for January 2014 through March 2014 was 32 homes, about 47 homes less than what was sold in the prior quarter. And, this is a -39.6% decrease in the number of homes sold as compared to the same period in the prior year of 2013.

Homes are selling at about 98.5% of their asking price. The average listing price for single family homes in Tahoe Donner for January 2014 through March 2014 was $617,293. This represents a decrease compared to the prior quarter, and an increase compared to the same period in the prior year. Single family homes in Tahoe Donner sold at an average of 98.5% of their last listed price, during January 2014 through March 2014, compared to the same period in the prior year when the homes were selling at an average of 97.3% of their last listed price. Thus, it seems that buyers are willing to pay a bit closer to the listed sales price for homes than they were a year ago.

Average $/sq.ft. of Sold Homes Decreased Slightly. Average price per square foot for Tahoe Donner homes sold during the 1st Quarter was approx. $276, a decrease as compared to last quarter (4th Qtr 2013) when it was at $281/sq.ft., and an increase from the $248/sq.ft. in Q1 of 2013 - the same period last year. The average price/sq.ft. for sold homes is increasing now, although we are seeing a “zig-zag” pattern of $/sq.ft. price increases from quarter to quarter. This is another indication that home prices are now increasing in our market, we are now in a rising market! Note: If you are a buyer of property, please remember that the sold price/sq.ft. is generally higher for smaller homes and lower for larger homes.

The median sales prices and average price/sq. ft. prices have mostly increased in the Truckee and North Lake Tahoe areas over the last year. The images below show the prices as reflected at the end of the 4th Quarter of 2013. 

Click on the images below to take a look at the Median Sales Prices and Average Price/Sq. Ft. prices for single family homes in the Truckee and North Lake Tahoe sub-regions.

 

2013 was a good year for our housing market. The Truckee - Lake Tahoe real estate market experienced a rise in average and median home selling prices. The homes in the under $400,000 price range sold fairly quickly and often in multiple offer situations. We continued to see a decline in both "short sale" homes and bank owned homes in 2013. Only about 11-12 percent of the homes sold during the year were distressed properties, both foreclosures and "short sales," in the Tahoe Sierra MLS area.

Overall, single family home average sales prices in our whole Tahoe Sierra region have increased by about 12% over this past year, with some neighborhood areas showing a greater increase in prices and some a bit less of an increase.

View the our complete 2004 - 2013 Tahoe Sierra MLS Market Activity Report.

Our market activity report shows the average sales prices of homes, and the % change in prices, in the Tahoe Sierra area from 2004 to 2013. This is an excellent summation of data to further your knowledge of the changes in home values in our area since 2004.

Click the image below to show a pop-up window of a larger image:

2004-2013 Market Graph

Welcome to our newly re-designed website!

by Linda Green

Website under constructionWelcome to our newly re-designed website!  We are currently still working on our new website content and ask that you come back to visit soon to see and read all the great content we will be adding. 

We will be adding a lot of great information about our Truckee and Lake Tahoe area communities/subdivisions.  And, we will soon be adding more blog posts and market reports.  So stay tuned! 

Tahoe Donner Market Trends – 1st Quarter 2013

by Linda Green

Tahoe Donner Summary (Complete Report)

Inventory Very Low. The number of listings for Tahoe Donner single family homes for sale in the Tahoe Sierra MLS was 35 as of April 02, 2013. This represents a decrease of 20 homes over the beginning of last quarter, in January. However, about 13 single family homes have been listed in the last ten days and we now have 46 homes on the market in Tahoe Donner as of April 12. So, the good news is that we're started to get more home listings. But, our inventory of homes for sale is still much lower than usual as compared to previous years. The low inventory of homes available for sale is still contributing to our current multiple offer situations.

Average and Median Sales Prices Increased. The median sales price for single family homes in Tahoe Donner for January 2013 through March 2013 was $499,900. This represents a 3.6% increase compared to the prior quarter. The median sales price for single family homes was $442,000 during the same period in the prior year (1st Quarter 2012) which shows a 13.1% increase in prices since last year. The average sales price for single family homes in Tahoe Donner for January 2013 through March 2013 was $525,683. This represents a 2.4% increase compared to the prior quarter, and a 6.1% increase compared to the same period in the prior year. We are still selling many homes in the lower price ranges, but the median price of homes being sold is increasing along with the average selling prices.

Market Activity Decreased. The number of single family homes sold in Tahoe Donner, as recorded in the Tahoe Sierra MLS, for January 2013 through March 2013 was 53 homes, about 20 homes less than what was sold in the prior quarter. And, this is a -15.9% decrease in the number of homes sold as compared to the same period in the prior year of 2012.

Homes are selling at about 97.3% of their asking price. The average listing price for single family homes in Tahoe Donner for January 2013 through March 2013 was $540,080. This represents an increase compared to the prior quarter, and an increase compared to the same period in the prior year. Single family homes in Tahoe Donner sold at an average of 97.3% of their last listed price, during January 2013 through March 2013, compared to the same period in the prior year when the homes were selling at an average of 96.1% of their last listed price. Thus, it seems that buyers are willing to pay a bit closer to the listed sales price for homes than they were a year ago.

Average $/sq.ft. of Sold Homes Increased. Average price per square foot for Tahoe Donner homes sold during the 1st Quarter was approx. $248, an increase as compared to last quarter (4th Qtr 2012) when it was at $238/sq.ft., and an increase from the $228/sq.ft. in Q1 of 2012 - the same period last year. So, the average price/sq.ft. for sold homes is increasing now along with the average and median sales prices. This is another indication that home prices are now increasing in our market, we are now in a rising market! Note: If you are a buyer of property, please remember that the sold price/sq.ft. is generally higher for smaller homes and lower for larger homes. 

Tahoe Donner Market Trends – 4th Quarter 2012

by Linda Green

Tahoe Donner Summary (Complete Report)

Inventory Decreased A Lot. The number of listings for Tahoe Donner single family homes for sale in the Tahoe Sierra MLS was 55 as of January 05, 2013. This represents a major decrease over the last quarter. Our inventory of homes for sale is now much lower than usual as compared to previous years. The low inventory of homes available for sale is contributing to our current multiple offer situations.

Median sales price has decreased slightly. The median sales price for single family homes in Tahoe Donner for October 2012 through December 2012 was $482,500. This represents a decrease compared to the prior quarter. The median sales price for single family homes was $537,500 during the same period in the prior year (4th Quarter 2011). This just shows that we are selling many homes now in the lower price ranges.

Market Activity about the same. The number of single family homes sold in Tahoe Donner, as recorded in the Tahoe Sierra MLS, for October 2012 through December 2012 was 74 homes, the same as the prior quarter. But, this represents an increase of about 16 homes, compared to the same period in the prior year.

Homes are selling at about 96.6% of their asking price. The average listing price for single family homes in Tahoe Donner for October 2012 through December 2012 was $531,747. This represents a slight decrease compared to the prior quarter, and a decrease compared to the same period in the prior year. Single family homes in Tahoe Donner sold at an average of 96.6% of their last listed price, during October 2012 through December 2012, compared to the same period in the prior year when the homes were selling at an average of 95.7% of their last listed price. Thus, it seems that buyers are now willing to pay a bit closer to the listed sales price for homes than they were a year ago.

Average $/sq.ft. of sold homes decreased. Average price per square foot for Tahoe Donner homes sold during the 4th Quarter was approx. $238, a decrease as compared to last quarter (3rd Qtr 2012) when it was at $244/sq.ft., and a decrease from the $251/sq.ft. in Q4 of 2011 - the same period last year. Note: If you are a buyer of property, please remember that the sold price/sq.ft. is generally higher for smaller homes and lower for larger homes.

Tahoe Donner Market Trends – 3rd Quarter 2012

by Linda Green

Tahoe Donner Summary (Complete Report) 

Inventory Decreased. The number of listings for Tahoe Donner single family homes for sale in the Tahoe Sierra MLS was 95 as of October 06, 2012. This represents a decrease over the last quarter. This decrease in inventory is pretty usual for this time of the year as homes have been taken off the market to be ski leased for the winter season. Our inventory of homes for sale continues to be lower than usual as compared to previous years.

Median sales price has increased. The median sales price for single family homes in Tahoe Donner for July 2012 through September 2012 was $499,500. This represents an increase compared to the prior quarter. The median sales price for single family homes was $500,000 during the same period in the prior year (3rd Quarter 2011). We still have lots of buyers looking for homes in the lower price ranges. Lower priced homes are still continuing to sell the best.

Market Activity increase. The number of single family homes sold in Tahoe Donner, as recorded in the Tahoe Sierra MLS, for July 2012 through September 2012 was 74 homes. This represents a pretty good increase of about 16 homes, compared to the prior quarter and an increase of about 7 homes, compared to the same period in the prior year.

Homes are selling at about 96.4% of their asking price. The average listing price for single family homes in Tahoe Donner for July 2012 through September 2012 was $532,230. This represents a slight decrease compared to the prior quarter, and a decrease compared to the same period in the prior year. Single family homes in Tahoe Donner sold at an average of 96.4% of their last listed price, during July 2012 through September 2012 , compared to the same period in the prior year when the homes were selling at an average of 96.7% of their last listed price.

Average $/sq.ft. of sold homes went down slightly. Average price per square foot for Tahoe Donner homes sold during the 3rd Quarter was approx. $244, a slight decrease as compared to last quarter (2nd Qtr 2012) when it was at $245/sq.ft., and a decrease from the $247/sq.ft. in Q3 of 2011 - the same period last year. Note: If you are a buyer of property, please remember that the sold price/sq.ft. is generally higher for smaller homes and lower for larger homes.

Tahoe Donner Market Trends – 2nd Quarter 2012

by Linda Green

Tahoe Donner Summary (Complete Report)

Inventory Increased. The number of listings for Tahoe Donner single family homes for sale in the Tahoe Sierra MLS was 128 as of July 08, 2012. This represents an increase over the last quarter, about a 70.7% increase in inventory of single family homes. It is very usual to experience an increase in inventory during the 2nd quarter of the year as sellers list their properties for sale for the summer season. Our inventory of homes for sale continues to be lower than usual as compared to previous years.

Median sales price has increased. The median sales price for single family homes in Tahoe Donner for April 2012 through June 2012 was $492,500. This represents an increase of 11.4%, compared to the prior quarter. The median sales price for single family homes was $469,000 during the same period in the prior year (2nd Quarter 2011), thus we experienced a 5.0% increase compared to the 2nd quarter of 2011. We still have lots of buyers looking for homes in the lower price ranges. Lower priced homes are still continuing to sell the best.

Market Activity slight decrease. The number of single family homes sold in Tahoe Donner, as recorded in the Tahoe Sierra MLS, for April 2012 through June 2012 was 58 homes. This represents a slight decrease of -7.9%, or 5 homes, compared to the prior quarter and an increase of 28.9%, or 13 homes, compared to the same period in the prior year. We usually see an increase in market activity during the 2nd quarter of each year, over the prior 1st quarter, so it is somewhat unusual to see a decrease in activity at this time of year!

Homes are selling at about 96.7% of their asking price. The average listing price for single family homes in Tahoe Donner for April 2012 through June 2012 was $572,954. This represents an increase of 11.2%, compared to the prior quarter and an increase of 8.2% compared to the same period in the prior year. Single family homes in Tahoe Donner sold at an average of 96.7% of their last listed price, during April 2012 through June 2012, compared to the same period in the prior year when the homes were selling at an average of 94.7% of their last listed price. Thus, listing prices seem to be more in the ballpark of what buyers are willing to pay for the properties now.

Average $/sq.ft. of sold homes goes up. Average $/sq.ft. of sold homes goes up. Average price per square foot for Tahoe Donner homes sold during the 2nd Quarter was approx. $245, an increase as compared to last quarter (1st Qtr 2012) when it was at $228/sq.ft., and a decrease from the $247/sq.ft. in Q2 of 2011 - the same period last year. Note: If you are a buyer of property, please remember that the sold price/sq.ft. is generally higher for smaller homes and lower for larger homes.

Tahoe Donner Market Trends – 1st Quarter 2012

by Linda Green

Tahoe Donner Summary (Complete Report)

Inventory Decreased. The number of listings for Tahoe Donner single family homes for sale in the Tahoe Sierra MLS was 75 as of April 10, 2012. This represents a decrease over the last quarter, roughly about a 18% decrease in inventory of single family homes. It is somewhat usual to experience a decrease in inventory at this time of the year. Our inventory of homes for sale continues to be lower than usual for this time of the year.

Median sales price has deceased. The median sales price for single family homes in Tahoe Donner for January 2012 through March 2012 was $442,000. This represents a decrease of -17.8%, compared to the prior quarter. The median sales price for single family homes was $512,000 during the same period in the prior year (1st Quarter 2011), thus we experienced a -13.7% decrease compared to the 1st quarter of 2011. We still have lots of buyers looking for homes in the lower price ranges. Lower priced homes are still continuing to sell the best.

Market Activity increase. The number of single family homes sold in Tahoe Donner, as recorded in the Tahoe Sierra MLS, for January 2012 through March 2012 was 63 homes. This represents an increase of 8.6%, or 5 homes, compared to the prior quarter and an increase of 40.0%, or 18 homes, compared to the same period in the prior year. We often see a decrease in market activity during the 1st quarter of each year, over the prior 4th quarter, so it is unusual to see an increase in activity at this time of year!

Homes are selling at about 96.1% of their asking price. The average listing price for single family homes in Tahoe Donner for January 2012 through March 2012 was $515,219. This represents a decrease of -13.5%, compared to the prior quarter and a decrease of -9.7% compared to the same period in the prior year. Single family homes in Tahoe Donner sold at an average of 96.1% of their last listed price, during January 2012 through March 2012, compared to the same period in the prior year when the homes were selling at an average of 95.7% of their last listed price.

Average $/sq.ft. of sold homes goes down again. Average price per square foot for Tahoe Donner homes sold during the 1st Quarter was approx. $228, a decrease as compared to last quarter (4th Qtr 2011) when it was at $251/sq.ft., and a decrease from the $253/sq.ft. in Q1 of 2011 - the same period last year. Basically, the average $/sq.ft. for sold homes is continuing with a general downward trend. Note: If you are a buyer of property, please remember that the sold price/sq.ft. is generally higher for smaller homes and lower for larger homes.

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