Which Tahoe Donner Price Range is Hottest?

“How’s real estate?” This is a question we hear often. Since the beginning of the year, 161 single family homes have sold in Tahoe Donner. 81% of these homes sold for under $1 million dollars and more specifically, 46% of the single family homes, in Tahoe Donner, sold in the price range of $500K to $750K. See chart above (click for larger view).

While some buyers seek opportunity in our changing times, others have decided to wait it out to see what becomes of our economy. Some sources say “Ignore the headlines.” An excerpt from TIME magazine continues, “That’s no easy thing. How do you tune out all the chatter and ink on recession, housing, subprime woes, the credit crunch, rogue traders, insolvent bond insurers, $100 oil and nukes in Iran? It’s enough to make you sit on your thumbs and wait before making any big moves. But what exactly are you waiting for?” As John D. Rockefeller famously said, “The way to make money is to buy when blood is running in the streets.”

We have seen many Sellers take advantage of the current market and have sold homes they have ”grown out of” and have been successful at “buying up” into larger properties or better locations. In order to sell, sellers have had to do all the right things to lure buyers. The successful Sellers are those who were priced appropriately for today’s market, kept their homes well-maintained, had properties in desirable locations with easy access and snow friendly designs. This will not change for a while to come. Buyers can be particular right now.

Today there are 159 Active single family home listings in Tahoe Donner. Prices have dropped and there are good opportunities. Whether you want to buy or sell, you should give us a call. We can help you buy with discrimination and if you want/need to sell we can price your property correctly and provide a marketing program that will get your property exposed and sold. Call us!