February 2011 Tahoe Donner Market Update

Tahoe Donner had quite a bit of activity last month again with 13 homes selling. This makes a total of 22 homes that have sold year to date.

2 of the homes that sold last month were short sales and 3 were REOs. The least expensive home sale price was $311K and the most expensive home sale price was $965K. The average home sale price was $539,895 and the median was $460K. The average days on market was 133 days.

87 homes are currently listed in Tahoe Donner. 11 of these are short sales and 5 are REOs. The number of homes on the market has come up a bit from last month. 19 homes are currently under contract. The absorption rate is around 22% and there is about 4 1/2 months supply of inventory remaining in Tahoe Donner. Click on the link for current homes for sale in Tahoe Donner.