Tahoe Donner – Tahoe's Hottest Real Estate Market
There is no stronger Truckee-Tahoe real estate market than Tahoe Donner. Tahoe Donner is considered by many to be Tahoe’s favorite resort community and it contains over 6,000 homes. Current inventory for January 2017 shows 28 homes listed for sale. The low inventory means only ½ of 1% of all homes are on the market and there are just three homes listed under $600,000!
The Tahoe Donner condo sales market appears to be even stronger. In 2016, the average price per unit increased 9% from 2015, there was a 76% increase in units sold and a 93% increase in total dollar volume. Why the strong increase? Most likely, the disparity between home and condo prices, buyers realized they were receiving a good value. Many Tahoe Donner condos are four-unit complex’s providing added privacy and value.
Established home owners are benefiting from strong short-term and long-term rental income. The return on investment is strong enough to keep a second home especially compared to an interest account or a CD (certificate of deposit). I’ve been following Tahoe Donner real estate since 1978 and this is lowest inventory I’ve ever seen. Inventory shortages drive prices higher.
The Tahoe Donner community, located in Truckee, offers as many recreational opportunities one can find anywhere. A few major facilities include their own alpine and cross country ski area, 18-hole golf course, tennis club, Donner Lake private lakefront beach and marina, outdoor swimming pools, recreation center, 60 miles of hiking trails, 3,474 acres of open space, horseback riding, mountain bike area, restaurants and so much more.
I would be happy to answer any questions you may have about the market and if you’re interested in finding out your current home value, email me at firstname.lastname@example.org or please call me.
Mark Lowenstern – email@example.com