Tahoe Donner - 1 Quarter Sales Activity from 2004 through 2012
This chart illustrates:
1) Number of Homes Sold in the 1st QTR from 2004 through 2012.
2) Comparison of Median List Price to Median Sold Price for the 1st QTR from 2004 through 2012.
An analysis of the sales data shows that the number of home sales transactions are on the rise but prices are not necessarily following. 1st quarter homes sales, in Tahoe Donner, increased 33% when compared to the same time period last year (60 sales in 2012 and 45 sales in 2011). However, median sale prices for the current quarter ($442,500) are down 14% from the median sale prices ($512,000) in QTR 1 of 2011. Additionally, median sale prices are down 42% from the median sales price high in 2005.
Price Category Comparison of Homes Sold
This chart illustrates:
1) Number of Homes Sold QTR 1 in Tahoe Donner = 60
2) Comparison of Price Categories for Homes Sold in Tahoe Donner
60 single family homes sold in Tahoe Donner during the 1st quarter of 2012. 57% (or 34) of these homes sold for under $499,999, 28% (or 17) of the homes sold for between $500K and $749,999, 12% (or 7) of these homes sold for between $750K and $999,999 and 3% (or 2) of these homes sold for between $1 million and $1.25 million. The least expensive home in TD sold for $164K (originally listed at $190K) and the most expensive home in TD sold for $1.2 million (originally listed at $1,397,818; DOM 530 days). If you are a seller, regardless of which end of the market you are in, you have to price carefully. In the lower end of the market there is more competition so you must price competitively and if you are at the upper end of our market, where there are fewer buyers, you have to price to capture the attention of the prospective higher end buyer. Too high of a price will almost guarantee that you will sit on your house without looking at any offers. If your goal is to sell, price right. With interest rates historically low, it is now time for buyers to "get off the fence" and make a purchase. The impact of rising interest rates is significant. For example, on a $417K purchase, a 1% rise in the interest rate can cost an extra $250 per month!
Tahoe Donner 1st QTR 2012 Single Family Home Sales by "Type" of Sale
 This chart illustrates: 1) Number of Single family homes sales sales by type of sale: Standard, Short and REO2) Median Sale Prices72% (or 43) of the single family homes that sold in Tahoe Donner during the time period of January 1 to March 31, 2012 were Standard Sales. Short Sales (8) and REO's (9) combined made up the remaining 17% of home sales.
Tahoe Donner "Months of Inventory" as of 4/1/2012
 This chart illustrates:
1) Inventory supply (in months) for SF Homes, Condos, Lots in Tahoe Donner (as of 4/1/2012).
Inventory is the total number of homes (or land or condos) for sale within a defined market. We evaluate inventory numbers to determine how quickly or slowly the market will absorb the inventory. This is called the "absorption rate". In the event that no new homes (or land) come on the market, the absorption rate is an indicator of how long our supply will last. As the chart (above) shows, if inventory levels were to remain static, our current level of single family homes would sustain the current demand for about 3 months. We have an 8 month supply of condos and almost a 2 year supply of lots. This information provides market insight to buyers and sellers. Whether you are selling a home or land pricing correctly is key. The home seller competes with other homes that are for sale and the land owner, where there is significantly less demand, must price strategically to attract potential buyers.
Tahoe Donner "Months of Inventory" by Price Category (as of 4/1/2012)
This chart illustrates:
1) Inventory supply (in months) for SF Homes by price categories.
Single family home sales are the hottest segment of the Tahoe Donner market. In the 1st quarter of 2012, single family homes comprised 70% of the sales in Tahoe Donner while condos and land made up 18% and 17% of these sales, respectively. Of these home sales, 85% of the homes sold for under $750K. This is the "hottest" segment of our market and it is also the portion of our market with the the lowest supply of single family homes. Home sellers, if you have been thinking about listing, now is the time. Beat your competition and get your house listed and sold. As we approach summer, inventory levels will rise (sometimes dramatically) and this will give buyers more options.
We are more than happy to provide sale statistics for other areas of Truckee, including Squaw Valley, Northstar and Alpine Meadows. Just let us know.
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