Tahoe Donner 1st QTR 2009 Market Update

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Tahoe Donner 1st QTR 2009 Sales Analysis

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This chart illustrates:
1) Number of Homes Sold in the 1st QTR from 2004 through 2009
2) Comparison of Median List Price to Median Sold Price for the 1st QTR from 2004 through 2009.

An analysis of the sales data concludes that Median List and Median Sold prices are comparable in 2004 and 2009 however; the number of homes sold, when comparing 2004 to 2009, shows a decrease of 32%.

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Price Category Comparison of Homes Sold

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This chart illustrates:
1) Number of Homes Sold QTR 1 in Tahoe Donner
2) Comparison of Price Categories of Homes Sold in Tahoe Donner

34 single family homes sold in Tahoe Donner during the 1st quarter of 2009. 74% of these homes sold for under $750,000, 21% of the homes sold for between $750K and $1 million dollars. The remaining 5% of homes sold for between $1.25 million and $1.5 million dollars.

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Tahoe Donner Quarterly Comparisons

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This chart illustrates:
1) Number of Homes Sold in Tahoe Donner QTR 1 2008 – Qtr 1 2009
2) Comparison of Median List Price to Median Sold Price of Homes Sold in Tahoe Donner Qtr 1 2008 – Qtr 1 2009

The Quarterly data suggests that on average there is a 4.5% difference between Median List Price and Median Sold Price. Additionally, on a  Quarterly basis, sales have declined 10% when comparing the 1st Qtr of 2008 with the 1st Qtr of 2009. In this analysis, sales were strongest during the 3rd Qtr of 2008 (37% higher than the 1st Qtr of 2009) and we would expect stronger sales in July, August and September.