Lake Tahoe - Truckee, CA Real Estate for Sale

Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260 » Page 14

Summer Movies at the Park in Tahoe Vista 2021

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Summer Movies at the Park in Tahoe Vista 2021

Ready to experience an outdoor movie in the greater North Lake Tahoe – Truckee area?

If your answer is yes, and you’ll be in the greater North Lake Tahoe – Truckee area on any Thursday between July 8, 2021, through August 12, 2021, check out a movie at the North Tahoe Regional Park at 6600 Donner Road in Tahoe Vista at dusk! 

This is a great local summer event, and enjoying an outdoor movie here in our area is just good old-fashioned fun! 

This is your opportunity to be outside and watch the Alpenglow turn our local sky all shades of pinks, purples, oranges, and golds, and then spend a couple of hours enjoying a movie on the big blow-up screen. 

If you haven’t been to an outdoor movie recently in a park, or at the beach, put this one your summer list of things to do this year!

The Thursday night movie series in Tahoe Vista is free and snacks are available for purchase.  If you want to bring your own picnic, that will work too!

The Tahoe Vista movies in the park will begin at dusk and all of the movies are either PG or PG-13. 

The fun starts around 6:30 p.m. and will be done around 9:30 p.m. with the movie starting at dusk (check your local weather app for a more precise time for dusk on the day of the movie).

Summer Movies at the Park in Tahoe Vista 2021 – Movie Line-up Schedule:

  • July 8, 2021  |  Onward (PG) 1 hr 42 minutes
  • July 15, 2021  |  Trolls World Tour (PG-13) 1 hr 30 minutes 
  • July 22, 2021  |  Raya and the Last Dragon (PG) 1 hr 57 minutes  
  • August 5, 2021  |  Abominable (PG) 1 hr 37 minutes
  • August 12, 2021  |  Cats and Dogs 3 (PG) 1 hr 24 minutes

Cost:  FREE 

Where:  North Tahoe Regional Park – 6600 Donner Road in Tahoe Vista

All movies are subject to good weather conditions and safety protocols.  

For more information, click here!

Here are some Suggested Movie Going Tips:

Movie Attendees are encouraged to bring the following:

  • Chairs Only low-back chairs are allowed. However, if you bring a high back chair (I get it, not everyone can easily get up and down into a low-backed beach chair, I’m in that group myself) you will have to sit on the side, or in the back of the viewing area.
  • Bring sleeping bags/beach towels (small plastic tarp to put under them) if you’ll be on the ground.  Remember the ground most likely will be damp, so make sure you have the right things to put down on the ground for an enjoyable evening.
  • Bring blankets and jackets (our summer evening and nights will become cool and if a breeze comes up off the lake things will really cool down fast).
  • The fun starts around 6:30 – 7 p.m.   If you arrive early you can watch them set up the movie screen. You’ll get some people watching time in along with seeing the incredible Alpenglow over Lake Tahoe!
  • Snacks You are allowed to bring your own picnic/snacks, so if you’re on a diet, you can still stay on track and enjoy the movie, but they also have popcorn, candy, and drinks before and during the show.
  • Movies begin at dusk.
  • Bring a flashlight so you can make sure you’ve packed everything up and have an easy walk back to your car with extra light when the movie is over.

Come out and enjoy a beautiful summer evening in Tahoe Vista out underneath the stars and watch a free movie in the park this year!

See you at one Tahoe Vista Summer Movies at the park this summer!

The North Lake Tahoe – Truckee area has a number of other free and fun weekly events to enjoy all summer (weather permitting).  Here is a quick list:

Ready to make Tahoe Vista your second home?  Check out what is for sale here:

Check out Near-by Kings Beach:

Want to search the Tahoe Vista and surrounding area by Map? 

Start with the Tahoe Vista and Kings Beach area for homes, condos, and lots 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 – Tahoe Vista, CA

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

Summer Movies at the Park in Tahoe Vista 2021

Spring Forward – Time Change | Sunday, March 14 2021

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Spring Forward – Time Change | Sunday, March 14, 2021

Spring Forward - Time Change | Sunday, March 14 2021I’m ready to spring forward, how about you?

It’s finally here, and it is time to Spring Forward and change your clocks.

This Sunday you will need to move your clocks a one-hour if you live in the North Lake Tahoe – Truckee area!

It’s been a long winter combined with the restrictions in our area because of the pandemic I am ready for more sunshine and a move towards getting back to normal!

On Sunday, March 14, 2021 (The latest date this could have happened in the year.  Change happens on the second Sunday in March.), we will all need to move our clocks forward one hour (yes, an extra hour of daylight at the end of our days, and one less hour of sleep) as we start daylight savings time here in our area.

Before the time changes, on Saturday, March 13, 2021, sunset will be at 6:06 p.m. Once we spring forward on Sunday, March 14, 2021, sunset will be an hour later at 7:07 p.m.!

Remember before you go to bed on Saturday night, you’ll need to set any manual clocks ahead one hour!

Since we have the twice a year clock change, here is my list of things additional tasks to do on Spring Forward day:

  • Change clocks in our home, office, kitchen (microwave and oven), and cars (move forward one hour).  Yes, we still have some manual clocks that do not reset on their own. : )
  • Check smoke alarms It doesn’t hurt to make sure they are all working and replace those that don’t respond.  Since most have multiple-year batteries in them, replace those that are older.
  • Check all carbon monoxide alarms/detectors Again, just a quick check to make sure they are still working.
  • Fire extinguishers (check to make sure they haven’t been moved and/or damaged).  This is also a good time to buy and add another one and put it in a room that doesn’t already have one. If you add one each time we have the time change, the additional expense is easier on your budget.
  • Any security device or item that uses a battery and is wireless (security cameras, video doorbells, exterior/interior lights) that need to be changed every 6 months to a year. 
  • All Flashlights (working, extra batteries), candles, matches, lighters, short-term lighting devices. 
  • Back-up charger device for cell phones/laptops (if they have a solar option for re-charging that’s always a bonus).  There are a number of extra power devices that can hold a charge for up to a year, but now it a good to check and re-charge.
  • Canned goods/emergency food supplies You never know when you might not be able to go to the store, so if you haven’t checked your emergency food and living supplies, now is the time to check on how much-bottled water and other supplies are on hand.
  • Make sure you have the following:
    • Get a battery-operated radio
    • Get a small TV that can be powered by connecting to just a USB port device
    • Get the TV antenna device that will work with a digital TV that can get us the free national channels.  You never know when the cable could go down.
    • Create a fire evacuation emergency plan.  Have you designated a location out of the Tahoe Basin – Truckee area that everyone will meet at, or someone to call to let everyone know you are alright?  Having a plan in place is critical if you spend time in our area.
    • Figure out your “grab bags” – items to take with you if you had to leave the area with just a few minutes of notice.  You can have your bags partially loaded, with a list of items you need to grab and go.  Now is the time to do these critical tasks for that “just in case” emergency moment.

For those not as familiar with the Lake Tahoe –  Tahoe City  – Truckee areas some of our important utility lines (electric, cable, phone) are located above ground, and several times a year the power will go out for all different types of reasons, so we’re becoming better prepared.

We are also located in a high-fire zone, so the reminder to be prepared for a disaster (wildfire) and having everyone in your house-hold familiar with what to do if the worst-case situation should happen is very important, so make your emergency plans now.

Take advantage of this timely reminder to not only change your clocks but to do some routine safety checks, along with being proactive on your emergency home preparation plans for that just in case moment!

Upcoming future dates to keep in mind (number of days are from March 14, 2021):

  • Next time Change:  Sunday, November 7, 2021, | 239 days (Fall Back and Gain One Hour)
  • Longest Day of the Year:  Saturday, June 20, 2021, – Summer Solstice | 99 days
  • 4th of July  | 112 days
  • Shortest Day of the Year 2021 – Tuesday, December 21, 2021, | 283 days – Winter Solstice

If you haven’t made your plans to be here in the North Lake Tahoe – Truckee area, now is the time to look at your calendar and figure out your trips for the rest of the year!

If you live in the greater North Lake Tahoe – Tahoe City area, it’s time to move your clocks forward this Sunday, March 14, 2021!

Thinking about making Lake Tahoe, California your second home? Check out the homes that are for sale here:

Want to see what condos are for sale in Lake Tahoe? Here are the current listings:

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 – Truckee, CA 

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

Spring Forward – Time Change | Sunday March 14 2021

Happy New Year 2021 | North Lake Tahoe

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Happy New Year 2021 | North Lake Tahoe     

A new day, and a new year!  Hello, 2021!

It’s hard to believe another has come and gone, but this is one time I’m happy to see a year-end. 

Last year was unexpected and a challenge.

Today is January 1, 2021, and just like the snap of your fingers, a new year has really begun!

As you make your plans and set your goals for 2021, be sure to make time for the activities, things, and tasks that really matter to you and your family. 

The sun rose at 7:21 a.m. here in Tahoe City – Truckee – North Lake Tahoe, California on January 1, 2020.  It was a mild winter day with day time temperatures in the low 40’s.

The days are still very short and with only 9 hours and 29 minutes of daylight before the sunset at 4:47 p.m.   Now is the time to begin making the most of the New Year and new decade!

It is my New Year’s wish that every day in 2021 brings you prosperity, healthy days, laughter, joy, and a reason to celebrate!  Make January 31 as great as January 1!

Where ever the road in life takes you this year, I hope that your travels and journey will be a safe one!

Happy New Year!

Happy New Year 2021 | North Lake Tahoe, California!      

There were so many changes and challenges in 2020, you may be thinking this is the year you make your goal of getting a second home in the North Lake Tahoe, California area a reality.  If it is, call me I can help you!

Start your North Lake Tahoe property search here and check out the homes that are for sale here:

Want to see what condos are for sale in North Lake Tahoe? Here are the current listings:

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 – Truckee, CA

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

Happy New Year 2021 | North Lake Tahoe

North Lake Tahoe – Truckee Condo Values | Market Report Mid -Year 2020

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North Lake Tahoe – Truckee Condo Values | Market Report Mid -Year 2020

North Lake Tahoe - Truckee Condo Values | Market Report Mid -Year 2020Here is your mid-year Tahoe real estate review for the North Lake Tahoe – Truckee region for condos and townhouses sold.

It is important to note that the data is for the cumulative first six months of 2020.

Due to the COVID-19 interruption, we have had a change in market conditions.

Prior to the COVID-19 shut-down in Mid-March 2020, the Tahoe market was just starting to wake up from one of our slowest selling seasons – our winter months when everything came to an immediate stop.

Out current Tahoe real estate market conditions are significantly different today, and strongly favor sellers as of the date of this post.

Buyers and Sellers that are looking to do a transaction in our area are advised to get the most current market data for the past 30-60 days and to talk with a local real estate professional as the year-to-date numbers may not be really reflective of the current market conditions.

The mid-year update for the North Lake Tahoe – Truckee condominium/townhouse market is strong and there is good Buyer demand for units. 

Ready to dig into the data and details?

Here is the mid-year 2020 condo/townhouse review for the entire region.  

You can see that the over-all North Lake Tahoe – Truckee condo/townhome price chart below values continue to be moving up.

You will also see on that chart that the North Lake Tahoe – Truckee regional condo/townhome prices for the mid-year 2020 are up  +4.8% for 2020 when compared to the entire previous year. 

Condos/townhouses closed a median average sales price of $450,500 (MLS Areas 1-9). North Lake Tahoe - Truckee Condo Values | Market Report Mid -Year 2020 Important Reader Note:  As an FYI, past North Lake Tahoe – Truckee real estate market reports that I have produced have been for “All MLS Areas”, this report has been fine-tuned and only covers the MLS Areas 1-9 (immediate North Lake Tahoe – Truckee area), so if you are looking at older reports and comparing numbers you will notice that the numbers are different, and this change in reporting data is why they are not the same.

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?”

For mid-year 2020, Condo/Townhouse Sellers realized 98.5% of the listed price to the sold average median sales price in the North Lake Tahoe – Truckee area (MLS Areas 1-9).  

What does this mean for Buyers and Sellers? 

In everyday terms, this means Sellers are still getting close to their full asking price.

It is important to also look at the current market conditions since the COVID-19 virus altered the markets. 

Active inventory levels remain critically low.  On January 1, 2020, there were 119 condos/townhomes for sale, on July 23, 2020, there were still only 119 condos/townhomes for sale – unchanged.

What happened to the seasonal increase?  If we are still at January levels when seasonally we should be at peak unit levels for sale, which tells us inventory levels are not favoring Buyers.

An example of how different the first cumulative six month results are to just the past forty-three (43) days (beginning of June 2020) you can be seen the change in the days on market as a measurement tool.

Looking at a much shorter time period, for those units listed for sale since June 1, 2020 (past 43 days), that have either sold or are currently sale pending, the number of days for new listings on market is currently at fifteen (15) days. 

This shows the extreme comparison from current marketing time at an average of fifteen (15) days on market compared to the cumulative number for the past six months of sixty-eight (68) days on the market.

An increase in multiple offers, combination with critically low inventory levels, puts Sellers in a very strong position.  Buyers are being pushed to make immediate decisions on new listings as they hit the market – buy, or to not buy now.

Search all North Lake Tahoe – Truckee Properties (homes, condos, and lots) by Map Here:

North Lake Tahoe – Truckee Condo Values | Market Report – Mid-Year 2020 

Period:  01-01-2020 to 06-30-2020| MLS Areas 1-9

  • Number of Condos/Townhomes Sold in North Lake Tahoe – Truckee: 116
  • Median Average Sold Sales Price for North Lake Tahoe – Truckee: $450,500
  • Average Sold Sales Price in North Lake Tahoe – Truckee: $629,583
  • Sold Price Range in North Lake Tahoe – Truckee:  $123,000 – $4,075,000
  • Percent (%) List to Sold Price Ratio:  98.5%
  • Average Days on Market (DOM in MLS):  68 DOM
  • Number of Active and Available Condos/Townhomes in North Lake Tahoe – Truckee as of 07-23-2020:  119 (TSMLS areas 1-9)
  • Pending Condo/Townhome Sales in North Lake Tahoe – Truckee as of 07-23-2020: 78
  • Number of Distressed Condos Sold:  0%  Zero (0) | Zero (0) court approval | Zero (0) Short Sales | Zero (0) REO/Bank Foreclosure

Historically, our available condos/townhomes for sale inventory levels are at their highest levels during our summer months, but that is not the case this year.

For the entire area, we continue to have extremely low condo/townhouse inventory levels, which means prices will continue to have support, or move higher as Buyer demand continues to be strong.

Here are the condos/townhouses for sale in the North Lake Tahoe area, all price points starting with the lowest price first.

For those focused on the Truckee area, here are condos/townhouses for sale in the greater Truckee area – all price points starting with the lowest price first:

Do 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. 

Both the average median sales price and average sales price (in some cases there is a significant difference between the two, but the market trends are the same direction for both) are included for each year. 

North Lake Tahoe – Truckee Regional Sold Condo | Townhome MLS Areas 1-9 | 01/01/2020 – 06/30/2020 (This table is best viewed on a laptop, desktop, or a device with a larger screen.)

  Year   Condos Sold Median Average Sales Price Average Sales Price   DOM   Lowest Price Sold Highest Price Sold % Cash Sales %  Distressed Sales Breakdown of distressed Sales
2020 116 $450,500 $629,583 68 $123,000 $4,075,000 47.4% 0% 0 REO’s 0 Short Sales 0 Court Approval
2019 353 $430,000 $558,190 88 $60,000 $2,861,000 43.1% 0% 0 REO’s 0 Short Sales 0 Court Approval
2018 327 $449,500 $601,806 99 $87,500 $4,400,000 48.6% 0.6% 1 REO’s 0 Short Sales 1 Court Approval
2017 406 $420,000 $543,546 102 $75,000 $4,650,000 42% 0.98% 3 REO’s 1 Short Sales 0 Court Approval
2016 357 $375,000 $499,740 117 $71,000 $2,650,000 48% 0.8% 1 REO’s 1 Short Sales 1 Court Approval
2015 265 $370,000 $505,466 106 $32,500 $3,100,000   47% 2.8% 4 REO’s 3 Short Sales 1 Court Approval
2014 308 $381,250 $583,064 121 $47,500 $4,800,000   48% 4.9% 5 REO’s 10 Short Sales 0 Court Approval
2013 308 $360,000 $556,041 160 $48,000 $4,560,000   50% 12% 12 REO’s 24 Short Sales 2 Court Approval
2012 290 $290,000 $435,350 150 $40,000 $3,900,000   51% 23% 38 REO’s 28 Short Sales 2 Court Approval
2011 254 $296,250 $385,349 148 $49,000 $3,800,000   56% 33%  40 REO’s 44 Short Sales 0 Court Approval
2010 259 $333,250 $523,031 167 $46,000 $3,650,000 54% 36%  62 REO’s  31 Short Sales 1 Court Approval
2009 180 $374,500 $505,979 272 $98,000 $3,240,000 48% 26% 40 REO’s 7 Short Sales 0 Court Approval
2008 166 $534,500 $864,009 200 $110,000 $3,818,738 40% 2.4% 4 REO’s 0 Short Sales 0 Court Approval
2007 232 $555,000 $817,325 149 $92,000 $3,705,000 27% 0% 0 REO’s 0 Short Sales 0 Court Approval
2006 247 $576,000 $855,797 116 $150,000 $4,575,000   20% 0% 0 REO’s 0 Short Sales 0 Court Approval

REO= 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 01/01/2020 – 06/30/2020

Data Source: Tahoe Sierra Multiple Listing Service (TSMLS).  Year-to-date summaries are based on information from the Tahoe Sierra Board of Realtors (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 Realty does not guarantee the data’s accuracy.

Data maintained by the TSMLS’s 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. Other items of interest: 

Currently we have some of the most impressive North Lake Tahoe – Truckee luxury condos and townhomes on the market.  

The demand for our luxury mountain condos and townhomes in the North Lake Tahoe – Truckee area continues to be very strong. 

North Lake Tahoe Luxury Condos/Townhomes

Truckee Luxury Condos

 

Search by community:

North Lake Tahoe and the Truckee area by price range here:

Want to review older regional condo/townhouse market reports?
 
Want to know what happened in the single-family market for the region? 
 
When you’re ready to buy, or sell in the North Lake Tahoe – Truckee Region, call Laura Allen,  530.414.1260, with Coldwell Banker one of the top real estate brokerages in the Lake Tahoe – Truckee region!
 
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 – Truckee, CA
 
All information is deemed reliable, but is subject to change, and/or correction without notice.

North Lake Tahoe – Truckee Condo Values | Market Report Mid -Year 2020

North Lake Tahoe – Truckee Home Values | Market Report Mid-Year 2020

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North Lake Tahoe – Truckee Home Values | Market Report Mid-Year 2020

North Lake Tahoe - Truckee Home Values | Market Report Mid-Year 2020Here is your mid-year Tahoe real estate review for the North Lake Tahoe – Truckee region for single-family homes sold.

It is important to note that the numbers are for the cumulative first six months of 2020, but due to the COVID-19 interruption, we do have a tale of two very different markets.

Prior to the COVID-19 shut down in Mid-March, the Tahoe market was just starting to wake up from one of our slowest selling seasons – our winter months, when everything came to an immediate stop.

Out current Tahoe real estate market conditions are significantly different and strongly favor sellers as of the date of this post.

Buyers and Sellers that are looking to do a transaction in our area are advised to get the most current market data for the past 30-60 days as the year-to-date numbers may not be really reflective of the current market conditions. 

The mid-year sold prices for single-family homes continue to show a small decrease over 2019 price levels for the first six (6) months of 2020, but short-term pricing has moved above the 2019 pricing levels.  

Active inventory levels are critically low.  On January 1, 2020, there were 291 homes for sale, on July 16, 2020, there were only 163 homes for sale.  A decrease of 44% in available properties for sale. 

Another example of how different the first cumulative six month results are to just the past thirty days can be seen in the days on market measurement tool for newly listed homes that have come on the market since June 1, 2020.

Looking at a much shorter time period, for those homes listed for sale since June 1, 2020, that have either sold or are currently sale pending the number of days for new listings on market is currently at eight (8) days. 

This shows the extreme comparison from current marketing time at an average of eight days on market to the cumulative number for the past six months of 76 days on the market, which takes into account older listings that have lingered on the market prior to the COVID-19 interruption.

You can see on the graph below that the over-all homes sold price trend continues to move up from the market bottom in 2011-2012 but is down slightly from 2019 for the first six months of 2020.

North Lake Tahoe - Truckee Home Values | Market Report Mid-Year 2020

The North Lake Tahoe – Truckee regional single-family home prices are down -2.4% for 2020, with a median average sales price of $724,250 (TSMLS Areas 1-9).

However, if you look at the median average homes sold price for just the month of June 2020, the median average sold price is at $826,250, significantly higher than the year-to-date average of $724,250, and well above the 2019 average median home sold sales price of $745,000. 

Again, the reduction in the number of days on the market beginning in June 2020, along with an increase in price for the month of June, really shows the shift in the Tahoe market towards Sellers.

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 2020, Sellers realized 98.7% of their listed price to the sold average median sales price in the North Lake Tahoe – Truckee area (MLS Areas 1-9).  

Again, the six-month numbers are not necessarily reflecting current market conditions.

Since COVID-19 began, looking at homes that were listed for sale as of June 1, 2020, that have closed, that list-to-sale percentage is at 100.5%

All three of these indicators, along with the absorption rate are why there are a number of multiple offer situations, shorter days on market, and little to no inventory available.  

Absorption Rate:  Another market indication is the current absorption rate which is a measurement of recent sales (30 day period of time) when compared to the current inventory levels. This rate indicates if the market is favoring sellers, buyers, or is neutral.

  • The current absorption rate for the entire Tahoe-Truckee Region as of 07/03/2020  is in a Sellers’ Market at 1.2 months of inventory (below 5 months of homes for sale is considered a Sellers’ Market), which is a drop of almost 4 months from last month (May 2020) for the entire region. 

  • This is the most severe Sellers’ market I have seen in our area for the past fifteen years!    

Buyer Tips:  

  • Showings | Virtual Tours – Use virtual tours when they are provided!  If you don’t see a link, ask your agent for one.  Many have them, but they don’t show up in the listing information.  Look at properties as soon as they hit the market – in person, or by video conference call with your agent.
  • Local Agents – Work with a local Tahoe real estate agent.   They know the current market conditions and can help with video calls and get you critical information.
  • Negotiate – Ask your Tahoe real estate agent for their advice and recommendations on how to negotiate and present your offer.  Multiple offers are now common and you need to be prepared to craft your offer to meet these new market conditions.
  • Lenders – If your offer includes getting a loan, make sure your lender has pre-approved you.  Ask your lender the following questions:
    • Can they get your loan through underwriting in 21 days or less?
    • Can they get your appraisal done in 21 days or less? 
    • Can they fund and close in about 30 days or less?
  • Local Lenders – If you are buying a condo or townhome in the area and you will need a loan, make sure you do the following:
    • Use a local lender that has recently processed a loan in that specific complex.
    • Using a local lender that has recently approved that development will help you meet your contract deadlines and avoid a lender denial on the complex. 
    • The Sellers’ Agent will give your offer more credit as a qualified buyer for knowing your lender is ready to go on the property.

Search all North Lake Tahoe – Truckee Properties (homes, condos, and lots) by Map Here:

North Lake Tahoe – Truckee Home Values | Market Report Mid-Year 2020 Summary:

Mid-Year 2020 | MLS Areas 1-9

  • Number of Homes Sold in North Lake Tahoe – Truckee: 442
  • Median Average Sold Sales Price for North Lake Tahoe – Truckee: $724,250
  • Average Sold Sales Price in North Lake Tahoe – Truckee: $1,080,082
  • Sold Price Range in North Lake Tahoe – Truckee:  $195,000 – $9.5 Million
  • Percent (%) List to Sold Price Ratio:  98.7%
  • Average Days on Market (DOM in MLS):  76 DOM
  • Number of Active and Available Homes for Sale in North Lake Tahoe – Truckee as of 07-16-2020:  163 (TSMLS Areas 1-9)
  • Pending Home Sales in North Lake Tahoe – Truckee as of 01-01-2020: 286
  • Number of Distressed Homes Sold: – Court Approval, Short Sales, or REO Bank Foreclosures in North Lake Tahoe – Truckee:  0.90%  Total Four (4) Court Approval, one (1) Short Sale, one (1) REO|Bank Foreclosures (MLS Areas 1-9) two (2)

Here are the homes for sale in the greater North Lake Tahoe starting with the least expensive price point:

Here are the homes that are Currently for Sale in the greater Truckee area starting with the least expensive price points:

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

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 are the same direction for both) are included for each year in the following table. 

North Lake Tahoe – Truckee Regional Sold Single Family Homes MLS Areas 1-9 | 01/01/2020 – 06/30/2020

(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

 

Lowest

Price

Sold

Highest

Price

Sold

%

Cash

Sales

% 

Distressed

Sales

Breakdown

of

distressed

Sales

2020

442

$724,250

$1,080,082

76

$195,000

$9,500,000

31%

0.90%

2 REO’s

1 Short Sales

1 Court Approval

2019

1,039

$745,000

$1,126,433

67

$80,000

$37,000,000

31%

0.96%

2 REO’s

2 Short Sales

5 Court Approval

2018

1,083

$721,000

$1,238,011

66

$175,000

$40,000,000

33%

1.2%

8 REO’s

0 Short Sales

5 Court Approval

2017

1,160

$671,000

$1,007,618

75

$138,000

$15,000,000

29%

2%

15 REO’s

2 Short Sales

6 Court Approval

2016

1,104

$619,706

$985,471

90

$192,000

$17,500,000

29%

2.5%

13 REO’s

11 Short Sales

3 Court Approval

2015

1,002

$556,250

$847,261

97

$99,500

$9,950,000

 

30%

3,3%

15 REO’s

18 Short Sales

1 Court Approval

2014

930

$575,500

$928,718

92

$76,000

$14,000,000

 

33.8%

5.6%

24 REO’s

25 Short Sales

3 Court Approval

2013

1,051

$510,000

$723,767

89

$72,000

$9,495,000

 

28%

11.3%

47 REO’s

71 Short Sales

1 Court Approval

2012

1,044

$442,500

$666,855

115

$76,000

$17,250,000

32%

27.4%

139 REO’s

145 Short Sales

2 Court Approval

2011

883

$438,000

$603,539

115

$42,500

$6,450,000

 

33.5%

31%

 136 REO’s

135 Short Sales

3 Court Approval

2010

797

$478,000

$715,847

116

$106,500

$12,400,000

29.9%

29.2%

 127 REO’s

 102 Short Sales

4 Court Approval

2009

728

$531,500

$687,447

120

$75,000

$6,288,000

28%

24.7%

96 REO’s

82 Short Sales

2 Court Approval

2008

569

$625,000

$876,360

129

$115,000

$20,000,000

20.4%

0.19%

1 REO’s

0 Short Sales

0 Court Approval

2007

632

$672,250

$913,346

120

$199,000

$12,500,000

16.1%

0%

0 REO’s

0 Short Sales

0 Court Approval

2006

734

$706,250

$922,328

94

$107,500

$16,700,000

13.8%

0%

0 REO’s

0 Short Sales

0 Court Approval

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

Short Sales = The 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 01/01/2020 – 06-30-2020.

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

Year-to-date summaries are based on information from the Tahoe Sierra Board of Realtors (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 Realty does not guarantee the data’s accuracy.

Data maintained by the TSMLS’s may not reflect all real estate activity in the market, or include private off-market sales. 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.

Other Items of Interest:  One trend that continues on, despite the popularity of other newer areas and planned communities like Martis Camp, Lahontan, Gray’s Crossing, Schaffer’s Mill and Tahoe Donner.    

So far in 2020, we have not seen the lakefront highs that we did in 2018, and 2019, but the recent $32 million estate just listed in Homewood, would certainly put us back on mega-millions lakefront sales track!

While the inventory of lakefront properties is extremely limited, currently we have some homes on the market North Lake Tahoe lakefront homes.

The demand for executive mountain homes in the Truckee area continues to be strong with Martis Camp leading the way! 

The highest price property sold so far in 2020 was in Martis Camp.  It was an impressive $9.5 million home giving luxury buyers a number of locations in the North Lake Tahoe – Truckee area.

Looking to buy?  Search Homes for Sale in North Lake Tahoe and the Truckee area (below) by price range here:

Want to know what is going on in the North Lake Tahoe – Truckee Condo / Townhouse market?
 
Want to review older regional single-family home market reports? 
When you’re ready to buy, or sell in the North Lake Tahoe – Truckee Region, call Laura Allen,  530.414.1260 affiliated with Coldwell Banker, one of the top real estate brokerage in the Lake Tahoe – Truckee region!  
 
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 – Truckee, CA
All information is deemed reliable but is subject to change, and/or correction without notice.
North Lake Tahoe – Truckee Home Values | Market Report Mid-Year 2020