Annual 2008 Tahoe Donner Real Estate Market Summary
February 9, 2009
We all watched the 2008 Real Estate Market with anticipation. With housing prices falling, an unsteady economy and jobs disappearing many people had to make big changes. It is important to remind ourselves that all down cycles eventually trail off and come to and end. While we saw prices going down and homes going into foreclosure some sellers were in a position to take advantage of the market and sold their current properties and bought into larger or better properties. Buyers that were ready to make purchases and “hopped off the proverbial fence” also made some good investments.
SINGLE FAMILY HOMES
Median ”NUMBER” of Single Family Homes Sold in 2008…
indicates Tahoe Donner still maintains the best value in Truckee. While sales of single family homes in the greater Truckee area fell by 5% from 2007 to 2008, in Tahoe Donner single family homes sales increased 9.04% from 2007.
Median ”LISTING PRICES” for Single Family Homes in 2008…
were not significantly different than listing prices in 2007. The median listing price for a single family home in Tahoe Donner in 2007 was $699K and in 2008 the median listing price for a single family home in Tahoe Donner went down to $695K.
Median “SOLD PRICES” for Single Family Homes in 2008…
went down 2.2% from “Sold” prices of Tahoe Donner single family homes in 2007. The median sold price in 2007 was $675K and the median sold price in 2008 was $660K.
Which price range was hottest in Tahoe Donner for 2008 for single family homes?
46% (88 out of 193) of the single family homes sold in Tahoe Donner in 2008 were between $500K and $750K. The median sold price was $675K. Only 1% of single family homes sold in Tahoe Donner in 2008 were over $1.5 million.
What does all of this mean?
For Buyers, we don’t expect to see home prices fall substantially in 2009. The general trend shows that the downward spiral of prices has settled and the increase in the number of Tahoe Donner sales shows us that people are buying! If you are interested in purchasing Tahoe Donner property, take advantage of the low prices and low interest rates. Although prices may not rise soon interest rates likely will, so the short term is the best buying scenario. Take advantage of this opportunity to buy.
For Sellers,it looks like home prices have settled. Prices probably aren’t going to fall substantially in 2009 and on the flip side, prices won’t rise in the near future. If you have been thinking about or needing to sell, the most sound advice is to price correctly, get your house on the market and entice the buyers while interest rates are low.
CONDOS and LOTS:
2008 Condo sales in Tahoe Donner were down 41% (32 to 19) from 2007 and the median sold price of condos was down by 8.5% ($414,450 to $379K).
2008 Lot sales in Tahoe Donner were down 26% (23 to 17) from 2007 and the median sold price was down 12.3% ($285K to $250K).
The data for our Annual 2008 Tahoe Donner Real Estate Market Summary is retrieved from the Tahoe Sierra Board of Realtors and we use “median data” to make our comparisons and draw conclusions on trends or general tendencies. Information derived from “median data” is often used as an indicator of the strength and the direction of the real estate market.
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Tahoe Donner Market Snapshot: January 1 – 31, 2009
February 9, 2009
Tahoe Donner Single Family Homes Sold - January 2009
Single Family Homes SOLD = 9
Median List Price = $449,000
Median Sold Price = $423,000
Average Days on Market = 00
YTD TD SF Homes Sold = 9
Active Listings = 125
| Address | Original Price | Sales Price | Square Feet |
| 14291 Northwoods | $299,950 | $353,000 | 1466-Short Sale |
| 13039 Skislope | $369,900 | $355,000 | Foreclosure |
| 11546 Norse | $469,000 | $342,500 | 1150 |
| 14293 Herringbone | $389,900 | $389,900 | 1248 |
| 12555 Schussing | $519,000 | $423,000 | 1735 |
| 13970 Northwoods | $621,000 | $442,500 | 1582-Short Sale |
| 12856 Solvang | $536,500 | $485,000 | 1920 |
| 15624 Alder Creek | $514,500 | $480,000 | 1461 |
| 12172 Schussing | $739,000 | $565,000 | 2360-Short Sale |
Tahoe Donner Condos Sold - January 2009
SOLD = 0
Median List Price = N/A
Median Sold Price = N/A
Average Days on Market = N/A
YTD TD Condos Sold = 0
Active Listings = 28
Tahoe Donner Lots Sold - January 2009
Lots SOLD = 1
Median List Price = $49,000
Median Sold Price = $36,500
Average Days on Market = 1
YTD TD Lots Sold = 1
Active Listings = 52
(YTD = Year-To-Date)
This is provided as a quick snapshot of the monthly market activity in Tahoe Donner. Keep in mind, numbers only tell part of the story. We would be happy to share our day-to-day insight
Tahoe Donner Market Snapshot: December 1 – 31, 2008
January 7, 2009
Tahoe Donner Single Family Homes Sold - December 2008
Single Family Homes SOLD = 12
Median List Price = $849,450
Median Sold Price = $852,750
Average Days on Market = 100
YTD TD SF Homes Sold = 193
Active Listings = 129
| Address | Original Price | Sales Price | Square Feet |
| 14375 Davos | $508,900 | $400,000 | 2000 |
| 13729 Hansel | $429,500 | $425,000 | 1371 |
| 12092 Lausanne | $635,000 | $610,000 | 2175 |
| 13359 Hansel | $616,000 | $616,000 | 1983 |
| 14067 Glacier View | $725,000 | $695,000 | 2646 |
| 11425 Lausanne | $769,000 | $749,000 | 2486 |
| 13271 Skislope | $799,000 | $805,500 | 4124 |
| 12386 Stockholm | $1,149,000 | $900,000 | 3290 |
| 13920 Swiss | $1,075,000 | $930,000 | 2969 |
| 14627 Alder Creek | $1,059,000 | $944,000 | 2850 |
| 11685 Nordic | $1,249,000 | $975,000 | 3025 |
| 11771 Nordic | $1,238,000 | $1,025,000 | 3018 |
| 13156 Hillside | $1,399,000 | $1,125,000 | 4073 |
Tahoe Donner Condos Sold - December 2008
SOLD = 1
Median List Price = $499,000
Median Sold Price = $475,000
Average Days on Market = 143
YTD TD Condos Sold = 19
Active Listings = 25
Tahoe Donner Lots Sold - December 2008
Lots SOLD = 1
Median List Price = $299,000
Median Sold Price = $250,000
Average Days on Market = 126
YTD TD Lots Sold = 17
Active Listings = 49
(YTD = Year-To-Date)
This is provided as a quick snapshot of the monthly market activity in Tahoe Donner. Keep in mind, numbers only tell part of the story. We would be happy to share our day-to-day insight
Tahoe Donner Market Snap Shot: November 1 – 30, 2008
December 5, 2008
Tahoe Donner Single Family Homes Sold - November 2008
Single Family Homes SOLD = 11
Median List Price = $765,000
Median Sold Price = $710,000
Average Days on Market = 131
YTD TD SF Homes Sold = 182
Active Listings = 149
| Address | Original Price | Sales Price | Square Feet |
| 14328 Tyrol | $619,700 | $517,500 | 1600 |
| 14565 Davos | $619,000 | $545,000 | 1665 |
| 13525 Northwoods | $779,995 | $586,000 | 2148 |
| 13359 Hansel | $616,000 | $616,000 | 1983 |
| 13848 Copenhagen | $719,000 | $693,000 | 2274 |
| 13736 Pathway | $779,000 | $710,000 | 2607 |
| 14378 Northwoods | $829,000 | $789,000 | 2724 |
| 13573 Weisshorn | $1,085,000 | $999,500 | 2445 |
| 132229 Roundhill | $1,425,000 | $1,200,000 | 3610 |
| 12175 Bennet Flat | $1,495,000 | $1,350,000 | 3450 |
| 13770 Skislope | $1,769,000 | $1,400,000 | 4368 |
Tahoe Donner Condos Sold - November 2008
SOLD = 0
Median List Price = N/A
Median Sold Price = N/A
Average Days on Market = N/A
YTD TD Condos Sold = 18
Active Listings = 25
Tahoe Donner Lots Sold - November 2008
Lots SOLD = 2
Median List Price = $252,000
Median Sold Price = $221,250
Average Days on Market = 125
YTD TD Lots Sold = 16
Active Listings = 59
(YTD = Year-To-Date)
This is provided as a quick snapshot of the monthly market activity in Tahoe Donner. Keep in mind, numbers only tell part of the story. We would be happy to share our day-to-day insight
Tahoe Donner Market Snap Shot: October 1 – 31, 2008
October 31, 2008
Tahoe Donner Single Family Homes Sold - October 2008
Single Family Homes SOLD = 26
Median List Price = $626,900
Median Sold Price = $610,000
Average Days on Market = 106
YTD TD SF Homes Sold = 1671
Active Listings = 166
| Address | Original Price | Sales Price | Square Feet |
| 14179 Davos | $369,000 | $355,000 | 1536 |
| 12102 Viking | $389,000 | $340,000 | 1404 |
| 16693 Northwoods | $395,000 | $359,000 | 1120 |
| 12870 Hillside | $459,900 | $342,500 | 1336 |
| 11848 Snowpeak | $499,000 | $425,000 | 2019 |
| 13039 Davos | $499,000 | $480,000 | 1084 |
| 12490 Falcon Point | $509,000 | $515,000 | 1526 |
| 12530 Bernese | $595,000 | $515,000 | 1356 |
| 13066 Skiview Loop | $598,000 | $598,000 | 1911 |
| 13870 Hansel | $599,000 | $480,000 | 1752 |
| 12076 Mougle | $639,000 | $615,000 | 1701 |
| 12316 Bennett Flat | $639,000 | $620,000 | 1900 |
| 13246 Muhlebach | $639,900 | $615,000 | 2220 |
| 11473 Norse | $649,000 | $555,000 | 1932 |
| 14207 Northwoods | $649,900 | $610,000 | 1854 |
| 13896 Skiview Loop | $650,000 | $537,500 | 1900 |
| 10910 Innsbruck | $669,000 | $610,000 | 2258 |
| 15167 Swiss Lane | $699,000 | $656,000 | 1908 |
| 14761 Tyrol | $739,000 | $690,000 | 2128 |
| 11560 Skislope | $759,900 | $730,000 | 2520 |
| 15250 Swiss | $779,950 | $765,000 | 2100 |
| 14567 Tyrol | $795,000 | $715,000 | 2531 |
| 12320 Telemark | $819,000 | $841,000 | 2610 |
| 14411 Swiss | $948,000 | $810,000 | 2700 |
| 11695 Tundra | $1,095,000 | $947,500 | 3220 |
| 13425 Skislope | $1,095,000 | 1,040,000 | 3074 |
Tahoe Donner Condos Sold - October 2008
Condos SOLD = 3
Median List Price = $329,900
Median Sold Price = $309,000
Average Days on Market = 93
YTD TD Condos Sold = 17
Active Listings = 23
Tahoe Donner Lots Sold - October 2008
Lots SOLD = 0
Median List Price = n/a
Median Sold Price = n/a
Average Days on Market = n/a
YTD TD Lots Sold = 14
Active Listings = 71
(YTD = Year-To-Date)
This is provided as a quick snapshot of the monthly market activity in Tahoe Donner. Keep in mind, numbers only tell part of the story. We would be happy to share our day-to-day insight
Tahoe Donner Market Snap Shot: September 1 – 30, 2008
October 3, 2008
Tahoe Donner Single Family Homes Sold - September 2008
Single Family Homes SOLD = 20
Median List Price = $735,000
Median Sold Price = $707,500
Average Days on Market = 57
YTD TD SF Homes Sold = 141
Active Listings = 157
| Address | Original Price | Sales Price | Square Feet |
| 11614 Lausanne Way | $249,000 | $249,000 | 1072 |
| 15445 Wolfgang Road | $334,500 | $327,000 | 960 |
| 15470 Northwoods Blvd | $450,000 | $312,000 | 1728 |
| 14432 Davos | $499,900 | $380,000 | 1158 |
| 14106 Swiss | $549,000 | $492,000 | 1896 |
| 14612 Alder Creek Road | $649,000 | $552,000 | 2131 |
| 14126 St. Croix | $599,000 | $548,000 | 1887 |
| 11834 Chalet | $659,000 | $620,000 | 2225 |
| 11832 Chateau | $645,000 | $645,000 | 1800 |
| 13410 Cristallina | $675,000 | $635,000 | 1832 |
| 10624 Mougle | $795,000 | $775,000 | 2320 |
| 12168 Oslo | $824,900 | $770,000 | 2700 |
| 12679 Parsenn | $860,000 | $850,000 | 2550 |
| 12469 Falcon Point | $899,900 | $897,000 | 2816 |
| 15189 Skislope | $995,000 | $995,000 | 2600 |
| 12941 Pinnacle | $1,075,000 | $975,000 | 3447 |
| 11685 St. Bernard | $1,299,000 | $1,110,000 | 3655 |
| 14460 Swiss Lane | $1,250,000 | $1,175,000 | 2858 |
| 12411 Skislope | $1,250,000 | $1,194,500 | 3570 |
| 12660 Muhlebach | $1,695,000 | $1,695,000 | 3902 |
Tahoe Donner Condos Sold - September 2008
Condos SOLD = 1
Median List Price = $589,000
Median Sold Price = $555,000
Average Days on Market = 162
YTD TD Condos Sold = 14
Active Listings = 27
Tahoe Donner Lots Sold - September 2008
Lots SOLD = 1
Median List Price = $155,000
Median Sold Price = $145,000
Average Days on Market = 84
YTD TD Lots Sold = 14
Active Listings = 72
(YTD = Year-To-Date)
This is provided as a quick snapshot of the monthly market activity in Tahoe Donner. Keep in mind, numbers only tell part of the story. We would be happy to share our day-to-day insight
Tahoe Donner Market Snap Shot: August 1 – August 31, 2008
August 30, 2008
Tahoe Donner Single Family Homes Sold – August 2008
Single Family Homes SOLD = 19
Median List Price = $694,000
Median Sold Price = $660,000
Average Days on Market = 92
YTD TD SF Homes Sold = 121
Active Listings = 184
| Address | Original Price | Sales Price | Square Feet |
| 15830 Northwoods | $425,000 | $407,000 | 1595 |
| 13103 Falcon Point | $489,000 | $469,000 | — |
| 12540 Lausanne | $590,000 | $505,000 | 1442 |
| 13656 Hillside | $615,000 | $525,000 | 1504 |
| 11174 Zermatt | $549,000 | $535,000 | 1423 |
| 13846 Herringbone | $645,000 | $605,000 | 1656 |
| 14487 Swiss | $659,000 | $629,000 | 1917 |
| 11876 Kitzbuhel | $659,800 | $640,000 | 2270 |
| 12768 Zurich | $694,000 | $645,000 | 2251 |
| 13406 Northwoods | $679,000 | $660,000 | 2793 |
| 13568 Hansel | $699,000 | $675,000 | 2326 |
| 11023 Lausanne | $742,000 | $675,000 | 1748 |
| 13601 Northwoods | $749,900 | $690,000 | 1890 |
| 13558 Weisshorn | $725,000 | $708,000 | 2406 |
| 15226 Alder Creek | $879,000 | $790,000 | 2550 |
| 13159 Skislope | $899,000 | $885,000 | 2856 |
| 13701 Hansel | $1,199,000 | $1,150,000 | 3762 |
| 14122 Swiss | $1,450,000 | $1,395,000 | 3160 |
| 14022 Ski View Loop | $1,950,000 | $1,520,000 | 3800 |
Tahoe Donner Condos Sold - August 2008
Condos SOLD = 4
Median List Price = $407,000
Median Sold Price = $386,000
Average Days on Market = 124
YTD TD Condos Sold = 13
Active Listings = 33
Tahoe Donner Lots Sold - August 2008
Lots SOLD = 4
Median List Price = $296,750
Median Sold Price = $267,500
Average Days on Market = 56
YTD TD Lots Sold = 13
Active Listings = 73
(YTD = Year-To-Date)
This is provided as a quick snapshot of the monthly market activity in Tahoe Donner. Keep in mind, numbers only tell part of the story. We would be happy to share our day-to-day insight.
Tahoe Donner Market Snap Shot: July 1 – July 30, 2008
July 30, 2008
Tahoe Donner Single Family Homes Sold – July 2008
Single Family Homes SOLD = 13
Median List Price = $695,000
Median Sold Price = $671,000
Average Days on Market = 85
YTD TD SF Homes Sold = 100
Active Listings = 171
| Address | Original Price | Sales Price | Square Feet |
| 13893 Gryfalcon | $495,000 | $385,000 | 2142 |
| 11779 Oslo Way | $525,000 | $425,000 | 1440 |
| 16949 Northwoods | $499,000 | $479,000 | 1400 |
| 13595 Hansel | $549,000 | $505,000 | 1344 |
| 13986 Herringbone | $609,000 | $575,000 | 1692 |
| 10511 Mougle | $649,000 | $615,000 | 1720 |
| 13971 Skiview Loop | $695,000 | $695,000 | 2087 |
| 11940 Muhlebach | $699,000 | $671,000 | 2022 |
| 14060 Northwoods | $699,001 | $699,002 | 2100 |
| 11805 Chateau | $899,000 | $750,000 | 2477 |
| 11343 Sitzmark | $1,100,000 | $999,750 | 2509 |
| 11866 Skislope | $1,179,900 | $1,133,750 | 3280 |
| 14714 Tyrol | $1,425,000 | $1,260,000 | 3269 |
Tahoe Donner Condos Homes Sold – July 2008
Condos SOLD = 1
Median List Price = $297,000
Median Sold Price = $270,000
Average Days on Market = 88
YTD TD Condos Sold = 7
Active Listings = 44
Tahoe Donner Lots Sold – July 2008
Lots SOLD = 0
Median List Price = $299,000
Median Sold Price = no sales July ’08
Average Days on Market = 182
YTD TD Lots Sold = 9
Active Listings = 71
(YTD = Year-To-Date)
This is provided as a quick snapshot of the monthly market activity in Tahoe Donner. Keep in mind, numbers only tell part of the story. We would be happy to share our day-to-day insight.
Tahoe Donner Market Snap Shot: June 1 – June 30, 2008
July 14, 2008
Tahoe Donner Single Family Homes Sold – June 2008
Single Family Homes SOLD = 22
Median List Price = $620,000
Median Sold Price = $600,000
Average Days on Market = 127
YTD TD SF Homes Sold = 87
Active Listings = 166
*Twice as many single family homes sold in June ’08 than in May ’08.
Tahoe Donner Condos Sold – June 2008
Condos SOLD = 0
Median List Price = $425,000
Median Sold Price = no sales June ’08
YTD TD Condos Sold = 6
Active Listings = 44
Tahoe Donner Lots Sold – June 2008
Lots SOLD = 1
Median List Price = $375,000
Median Sold Price = $350,000
Average Days on Market = 52
YTD TD Lots Sold = 9
Active Listings = 62
(YTD = Year-To-Date)
This is provided as a quick snapshot of the monthly market activity in Tahoe Donner. Keep in mind, numbers only tell part of the story. We would be happy to share our day-to-day insight.
Tahoe Donner Market Snap Shot: May 1 – May 31, 2008
May 31, 2008
Single Family Homes SOLD = 11
Median List Price = $749,500
Median Sold Price = $725,000
Condos SOLD = 2
Median List Price = $369,000,
Median Sold Price = $355,000
Lots SOLD = 2
Median List Price = $312,500
Median Sold Price = $306,000,
This is provided as a quick snapshot of the monthly market activity in Tahoe Donner. Keep in mind, numbers only tell part of the story. We would be happy to share our day-to-day insight.
