Though Donner Summit is but a small part of the Lake Tahoe/Truckee area, it iss a very popular destination for property owners seeking a quieter, less busy location in the Sierra Nevada.
Here is a comparison of the residential sales for the Donner Summit area from January 1st through December 31st, 2011 to the current period this year, January 1st through October 31, 2012. While more homes have sold in the first 3 quarters of this year compared to all of last year, properties were on the market longer (119 days this year versus 70 in 2011). Also, average and median sales prices are lower through October 2012 versus all of 2011.
|Units||Average Sold Price||Median Sold Price||Average DOM||SP as % of LP|
|1/1 – 12/31/2011||21||$456,164||$428,000||70||93|
|1/1 – 10/31/2012||35||$346,468||$263,000||119||94|