Tahoe Donner Home Values | Market Report – Year End 2019

Looking for sold, year-end 2019 single-family home market data for the Tahoe Donner area?

Here is the year-end 2019 review for the Tahoe Donner Community in Truckee.

The Tahoe Donner real estate market conditions continue to be strong, and favor Sellers.

The average median home sale price for 2019 in Tahoe Donner was $720,000 which was a new high for this resort community.  

Inventory levels of available homes for sale in the Tahoe Donner community are critically low.

Buyers, at all price points have very few buying options. most price points. 

On January 1, 2020, there were only 43 homes for sale. 

Here are the current, active, Tahoe Donner homes for sale (all price points):

You can see on the graph below that the over-all Tahoe Donner home price trend for the average median home sold moved up slightly in 2019 and just beat out the 2006 and 2018 highs.  

The Tahoe Donner single family home prices were up +0.14% for 2019, with a median average sales price of $720,000 (TSMLS Areas 9TD), which is a new closing high for Tahoe Donner, moving above the 2006 ($712,500) and 2018 average median home sales  price of $719,000.

A common question I am often asked by Buyers and Sellers is:

• “What percentage of the listed price are Sellers getting on their Tahoe property?”

In 2019, Sellers realized 97.9% of the listed price to the sold average median sales price in the greater Tahoe Donner area (MLS Areas 9TD).  

This is slightly below the over-all region, which was higher at 99.5%. 

This means Sellers are getting close to their full asking price if they have correctly priced their property.

It also means Tahoe Buyers that want to low-ball, or be really aggressive on price in their negotiations are going to have a hard time getting good results in this market. 

Real Estate Market Homes Sold Activity for the Tahoe Donner Area:

Year-End 2019 YTD Period:  01-01-2019 to 12-31-2019 | MLS Areas 9TD

• Number of Homes Sold in Tahoe Donner: 271
• Median Average Sold Sales Price for Tahoe Donner: $720,000
• Average Sold Sales Price in Tahoe Donner: $792,554
• Sold Price Range in Tahoe Donner:  $349,000 – $1,960,000
• Percent (%) List to Sold Price Ratio:  97.9%
• Average Days on Market (DOM in MLS):  42 DOM
• Number of Active and Available Homes for Sale in Tahoe Donner as of 01-01-2020:  43 (TSMLS Areas 9TD)
• Pending Home Sales in Tahoe Donner as of 01-01-2020: 18
• Number of Distressed Homes Sold (MLS Areas 9TD) – As of 01-01-2020:  One  (1) listings: One (1) Court Approval | Zero (0) Short Sale | Zero (0) REO|Bank Foreclosures 

Other interesting Tahoe Donner single-family home market observations:

Days on Market (DOM) Increased one-day from 2018 to 2019.  For 2019 the number of days on the market for single-family homes is now at 42 days, which is up 1 day from 2018, but is down over 32% from the 60 DOM in 2016.

The shorter the marketing time for a home, the stronger the market is for Sellers. 

Inventory – Current inventory levels are critically low.  Again, another sign of the market favoring Sellers.

Tahoe Donner is following the North Lake Tahoe – Truckee Regional Pricing Trends – The Tahoe Donner area is following the entire North Lake Tahoe – Truckee region.

Since our data groups are very small for any given area, it is a good idea to review recommend looking the entire North Lake Tahoe – Truckee Region for market trends. North Lake Tahoe – Truckee Home Values | Market Report – Year End 2019

If you already own a home in the Tahoe area and want to know what is your property is now worth? Call Laura Allen,  530.414.1260, for a confidential consultation.

Tahoe Home Buyers should do the following:

• See new listings as soon as possible.  Tahoe second home Buyers should try to drive up the next day to see the property and not wait until the weekend.
• Ready, set, go!  Be prepared to make a buying decision immediately.
• Work with an experienced local Tahoe Real Estate Agent.  They understand the market conditions, and many Buyer Agents know how the other side negotiation tactics.  
• If you will need a loan, make sure your lender has approved you.  You will need to move quickly and not having your loan lined up will put you at a disadvantage. 
• If you are buying a condo/townhome, or home in the area that has a mandatory homeowners’ association, make sure you are using a local lender, or ask your preferred lender how they will process your loan request with an HOA.  Using a local lender that has recently processed a loan in the complex, or neighborhood you want to buy in will do two things for you.  One, you will have the confidence that the lender has already reviewed their HOA docs and previously approved the development, increasing your odds of the same outcome.  Second, Sellers that know you have selected a lender with this experience will give you extra credit for knowing your lender is ready to go on their property.

If you want more long-term North Lake Tahoe – Truckee real estate data, check out the following table that has a lot of data going back over ten years.

I’ve included both the average median sales price and average sales price (in some cases there is a significant difference between the two, but the trends generally are in the same direction for both averages) are included for each year in the following table. 

Tahoe Donner Home Values | Market Report – Year End 2019 | MLS Areas 9TD | 01/01/2019 – 12/31/2019

(This table is best viewed on a laptop, desktop, or a device with a larger screen.)

Year	Homes Sold	Median Average Sales Price	Average Sales Price	DOM Days On Market	Lowest Price Sold	Highest Price Sold	% Cash Transactions	%  Distressed Sales	Breakdown of distressed Sales
2019*	271	$720,000	$792,554	42	$349,000	$1,960,000	39%	0.3%	0 REO’s 0 Short Sales 1 Court Approval
2018	277	$719,000	$771,655	41	$367,500	$1,700,000	35%	0%	0 REO’s 0 Short Sales
2017	278	$675,750	$729,965	45	$335,000	$1,835,645	26%	2.8%	2 REO’s 1 Short Sales 2 Court Approval
2016	263	$605,000	$670,779	60	$290,000	$1,525,000	29%	3.0%	4 REO’s 4 Short Sales
2015	239	$580,000	$643,908	67	$299,000	$1,680,000	27%	1.7%	1 REO’s 3 Short Sales
2014	205	$619,500	$675,043	61	$241,000	$1,950,000	25%	3.4%	5 REO’s 2 Short Sales
2013	271	$545,000	$596,014	68	$185,000	$1,325,000	23%	9.2%	7 REO’s 18 Short Sales
2012	270	$483,500	$522,609	93	$164,000	$1,200,000	31%	16%	19 REO’s 23 Short Sales 1 Court Approval
2011	215	$500,000	$542,339	84	$230,000	$1,200,000	28%	17%	15 REO’s 19 Short Sales 2 Court Approval
2010	223	$520,000	$576,007	87	$238,000	$1,790,000	24%	16%	18 REO’s 18 Short Sale
2009	227	$565,000	$610,239	108	$270,000	$1,350,000	27%	17%	18 REO’s 20 Short Sale
2008	193	$660,000	$742,434	105	$249,000	$1,850,000	18%	0%	0 REO’s 0 Short Sales
2007	177	$675,000	$740,584	101	$330,000	$2,465,000	15%	0%	0 REO’s 0 Short Sales
2006	178	$712,500	$818,827	81	$410,000	$2,680,000	16%	0%	0 REO’s 0 Short Sales

REO’s = Real Estate Owned, which is the name banks use for their bank foreclosed properties.

Short Sales = Owner does not have the money to pay off all of the debt and asks the debt holders to take less back in order to close the sale.

*YTD period is 01/01/2019 – 12-31-2019.

Data Source: Tahoe Sierra Multiple Listing Service (TSMLS). 

Year-to-date summaries are based on information from the TSMLS. Due to TSMLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Laura Allen, or Coldwell Banker Residential Brokerage does not guarantee the data’s accuracy. Data maintained by the TSMLSs may not reflect all real estate activity in the market.

All information is deemed to be reliable but is subject to change, modification, and/or correction without prior notice.

If your property is currently listed for sale, or you have an active Buyer Representation Agreement, this is not intended as a solicitation.

Want to learn more about Tahoe Donner?

• What is the Tahoe Donner Property Inspection Program?
• Can I fence in my Tahoe Donner Home?
• 9 Tahoe Donner Second Home Buyer Tips!
• Why Buy a Home in Tahoe Donner?