Tahoe Donner 1st QTR 2010 Market Update

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Tahoe Donner 1st QTR 2010 Sales Analysis

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This chart illustrates:
1) Number of Homes Sold in the 1st QTR from 2004 through 2010.
2) Comparison of Median List Price to Median Sold Price for the 1st QTR from 2004 through 2010.

An analysis of the sales data concludes that Median List and Median Sold prices are lower in 2010 than they were in 2004 (the benchmark low) and the number of homes sold, when comparing QTR 1 2004 to 2010, shows a decrease of 24%. However, 1st QTR sales in 2010 are up almost 12% from the 1st QTR in 2009.

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Tahoe Donner Consecutive Quarterly Comparisons

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This chart illustrates:
1) Number of Homes Sold in Tahoe Donner QTR 1 2009 – QTR 1 2010 = 265
2) Comparison of Median List Price to Median Sold Price of Homes Sold in Tahoe Donner QTR 1 2009 – QTR 1 2010

The Quarterly data suggests that on average there is about a 4.5% difference between Median List Price and Median Sold Price. (Sold prices being less than list prices). Additionally, on a  Quarterly basis, sales of single family homes in Tahoe Donner have increased 12% when comparing the 1st Qtr of 2009 (34 homes sold) with the 1st Qtr of 2010 (38 homes sold). However, the median sale price has decreased almost 10% from QTR 1 2009 ($557,580) compared to QTR 1 2010 ($502,000).

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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 = 38
2) Comparison of Price Categories of Homes Sold in Tahoe Donner

38 single family homes sold in Tahoe Donner during the 1st quarter of 2010. 50% (or 19) of these homes sold for under $499,999, 34% (or 13) of the homes sold for between $500K and $749,999, 13% (or 5) of these homes sold for between $750K and $999,999. There was only one home that sold for over $1 million dollars and it sold for $1,225,000. This home was originally listed at $2,190,000 and was on the market for 639 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 relatively fewer buyers, you also have to price right for our current market. 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. Buyers, now is the time to get off the fence and make a purchase. We will begin to see more and more houses come on the market and the competition will become greater.

We work with both buyers and sellers. If you want honest and expert advice, please give us a call and let us know how we can help you. The majority of our clients are previous clients or their referrals – our clients come back to us because they know we do a great job.  Robbie 530-412-0583 and Karen 530-448-3624.