Agate Bay Homes for Sale Market Report – May 2013

It’s that time of year to review how the Agate Bay, California real estate market has performed from January 1, 2013 through May 28, 213. Here is the Agate Bay Homes for Sale real estate market report.

Agate Bay Homes Sold Market Report – May 2013:

Sold Sales: Agate Bay had 4 single family homes sold from January 1, 2013 through May 28, 2013

The Agate Bay average median homes sales price was $382,450.

Days on Market: The median average days on market was 122 DOM.

Cash Sale Transactions: The number of cash sale transactions for the Agate Bay area decreased to 25% of all sales, which is 1 out of every 4 home sales was a cash transaction, still giving loan buyers competition.

Distress Sales: Distress sellers (bank foreclosures- real estate owned (REO’s) and short sales) are no longer dominating the Agate Bay real estate market. While they made up 25% of all homes sold in 2013, this is not a reflection of the current inventory, or market mix. As of today, 05/28/2013 none of the current homes listed for sale in Agate Bay were distressed sellers.

Active Homes for Sale: There were 10 Active– available homes for sale in the Agate Bay area as of 05/28/2013. They ranged in price from $350,000 to $9.95 million, with an average median asking sales price of $924,250. Inventory is extremely limited.

Of the ten (10) homes offered for sale there were no (Zero -0) short sales, no (Zero – 0) REO (Bank Foreclosure) listings, or 0% of the current listings are distressed, which is a clear sign that the market is stabilizing and prices are moving up.

Pending Home Sales: There are three (3) pending home sales in the Agate Bay area and they range from $350,000 to $598,500. There are no (zero – 0) is a short sales, and no (Zero- 0) REO/Bank Foreclosures.

If you’d like more information on the Agate Bay area, or would like to know what your Agate Bay home may be worth, call Laura Allen at 530.414.1260.

More about Agate Bay:

The Agate Bay neighborhood is a subdivision in the Carnelian Bay, California community. It is located approximately 6 miles east of Tahoe City in the heart of the North Shore of Lake Tahoe.

The Agate Bay area is a developed, North Shore neighborhood that is between the commercial core of Carnelian Bay and Tahoe Vista.

Agate Bay is centrally located, and is close to Kings Beach and Tahoe City. Its location makes it easy to get to Northstar, Alpine Meadows, Squaw Valley, or Homewood Ski resorts. It is close to all of the Lake Tahoe recreational activities such as boating, hiking, biking (dirt and paved trails), tennis, golf, miniature golf, skiing, shopping, and restaurants.

The Agate Bay neighborhood is a mix of some smaller, older, Tahoe cabins, along with larger, newer luxury mountain homes. Agate Bay also offers some lake view homes, along with a limited number of lakefront properties in this neighborhood.

Some of the property owners in the Agate Bay neighborhood are members in the local home owners group Agate Pier and Swim Club that is very desirable with its own swimming pool, tennis courts, gated beach area, pier, and buoy rental option.

The Agate Club membership is currently limited, and property owners that belong often get a market premium for their property, as this club membership is limited by geography and membership is typically gained by buying a property that is already an existing member and transferring the membership from one property owner to the next.

All Agate Bay home owners are close to the public beach at Patton’s Landing, along with being close to Garwood’s restaurant, the Sierra Boat Company, Magic Carpet miniature golf course, and the Old Post office restaurant.

Agate Bay Homes for Sale Market Report – May 2013

Need more home buying options? Check out these homes for sale on the North Shore of Lake Tahoe here:

Ready to make the Carnelian Bay area your second home? Check out what is for sale here:

For all of your Tahoe real estate needs –

Laura A. Allen | 530.414.1260 | Laura@TahoeLaura.com
BROKER ASSOCIATE, Tahoe Real Estate Agent
CalRE# 01473598
Coldwell Banker, Tahoe City, CA CalRE#01908304

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

Agate Bay Homes for Sale Market Report – May 2013