Tahoe Donner Condo Values | Market Report – Year End 2019

April 23, 2020 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

Tahoe Donner Condo Values | Market Report – Year End 2019

Tahoe Donner Condo Values | Market Report - Year End 2019 Here are the year-end 2019 condo | townhouse real estate market data and review for the Tahoe Donner area.

The Tahoe Donner real estate market conditions for townhomes and condos were very good for Sellers in 2019, and did not follow the regional average trend.

The average median condo sold sales price for 2019 in Tahoe Donner was $394,000.

Inventory levels of available condos/townhouses for sale in the Tahoe Donner community remain critically low.

Buyers were often frustrated last year at the limited number buying options.

On January 1, 2020, there were only 13 condo/townhomes for sale.

Here are the current, active, Tahoe Donner condo | townhouses for sale, all price points:

You can see on the graph below that the over-all Tahoe Donner condo price trend for the average median condo sold sales price move up and 2019 is getting very close to peak 2008 price levels.

Tahoe Donner Condo Values | Market Report - Year End 2019

Tahoe Donner condo/townhouse prices were up +8.7% for 2019, with a median average sales price of $394,000 (TSMLS Areas 9TD), which continues the upward price trend.

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 98.7% of the listed condo price to the sold average median sales price in the greater Tahoe Donner area (MLS Areas 9TD).

This is close to the over-all region, which was slightly higher at 98.9%.

For Sellers this means if they price their properties correctly they will get close to the asking price.

It also means Tahoe Buyers that want to be really aggressive in their negotiations and offered price are going to have a much harder time in this market.

Condo Sold Activity for the Tahoe Donner Area: Year-End 2019 YTD Period: 01-01-2019 to 12-31-2019 | MLS Areas 9TD

Number of Condos Sold in Tahoe Donner: 66
Median Average Sold Sales Price for Condos Tahoe Donner: $394,000
Average Sold Sales Price in Tahoe Donner: $371,571
Sold Price Range in Tahoe Donner: $105,000 – $515,000
Percent (%) List to Sold Price Ratio: 98.7%
Average Days on Market (DOM in MLS): 37 DOM
Number of Active and Available Condos for Sale in Tahoe Donner as of 01-01-2020: 13 (TSMLS Areas 9TD)
Pending Condo Sales in Tahoe Donner as of 01-01-2020: 2
Number of Distressed Sold Listing (MLS Areas 9TD) – Zero (0) listings: Zero (0) Court Approval | Zero (0) Short Sale | Zero (0) REO|Bank Foreclosures

Other interesting Tahoe Donner condo/townhouse market observations:

Days on Market: (DOM) dropped significantly increased two (2) days.

In 2018 the number of days on the market for condo/townhouses dropped significantly and was 35 days, down seventeen (17) days, which was a 33% drop in marketing time.

The slight increase is still favoring Sellers as the shorter the marketing time for a property, the stronger the market is for Sellers.

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

The Tahoe Donner single-family home market trend is following the North Lake Tahoe – Truckee Regional Pricing Trends, but the Tahoe Donner condo/townhome market is not following the regional trend. The Tahoe

Tahoe Donner Condo Values | Market Report - Year End 2019

Donner condo market is not following the entire North Lake Tahoe – Truckee region, which dropped -4.3%, but instead increased 8.7%.

It is always a good idea to review the entire North Lake Tahoe – Truckee Region for market trends. North Lake Tahoe – Truckee Condo/Townhome Values | Market Report – Year End 2019,

If you already own a condo/townhouse 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.

Tahoe Condo/Home Buyers should do the following:

View new listings as soon as possible. Tahoe second home Buyers should try to come 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 or townhome in the area, make sure you are using a local lender. Using a local lender that has recently processed a loan in the complex 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 general trends seem to be similar for both) are included for each year in the following table.

Tahoe Donner Condo 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	Condos 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*	66	$34,000	$371,579	37	$105,000	$515,000	30%	0%	0 REO’s 0 Short Sales
2018	56	$362,450	$329,389	35	$87,500	$530,000	43%	0%	0 REO’s 0 Short Sales
2017	81	$345000	$330,343	52	$75,000	$535,000	25%	0%	0 REO’s 0 Short Sales
2016	67	$310,000	$295,619	60	$71,000	$510,000	39%	1.5%	1 REO’s 0 Short Sales
2015	38	$286,500	$270,677	71	$50,000	$520,000	42%	2.6%	0 REO’s 0 Short Sales 1 Court Approval
2014	48	$275,750	$268,985	85	$53,000	$550,000	42%	3.4%	1 REO’s 1 Short Sales
2013	38	$251,000	$267,548	51	$60,000	$501,000	37%	7.9%	2 REO’s 1 Short Sales
2012	41	$210,000	$220,826	94	$40,000	$439,500	51%	22%	5 REO’s 4 Short Sales
2011	35	$220,000	$212,975	116	$49,000	$447,000	46%	37%	5 REO’s 8 Short Sales
2010	44	$289,250	$276,816	121	$46,000	$465,000	39%	43%	10 REO’s 9 Short Sale
2009	34	$310,500	$293,720	130	$98,000	$462,000	32%	21%	5 REO’s 2 Short Sale
2008	19	$379,000	$370,365	135	$165,000	$555,000	32%	0%	0 REO’s 0 Short Sales
2007	32	$414,450	$372,762	117	$92,000	$665,000	26%	0%	0 REO’s 0 Short Sales
2006	30	$419,900	$432,540	90	$235,000	$628,900	0%	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 Tahoe Sierra Board of Realtors (TSMLS).

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?

Want to see other Tahoe Donner Market Reports?

Here are recent past market reports for single-family home sales for the entire North Lake Tahoe – Truckee homes for the region:

Want to know what is going on in the North Lake Tahoe – Truckee Condo / Townhouse market?

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 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.

Tahoe Donner Condo Values | Market Report – Year End 2019

Tahoe Donner Home Values | Market Report – Year End 2019

April 22, 2020 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

Tahoe Donner Home Values | Market Report – Year End 2019

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.

Tahoe Donner Home Values | Market Report - Year End 2019

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?

Want to see other Tahoe Donner Market Reports?

Here are recent past market reports for single-family home sales for the entire North Lake Tahoe – Truckee homes for the region:

Want to know what is going on in the North Lake Tahoe – Truckee Condo / Townhouse market?

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.

Tahoe Donner Home Values | Market Report – Year End 2019

Tahoe City Condo Values | Market Report – Year End 2019

April 21, 2020 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

Tahoe City Condo Values | Market Report – Year End 2019

Tahoe City Condo Values | Market Report - Year End 2019 Looking for sold, year-end 2019 condo/townhouse market data for the Tahoe City area?

Here is the year-end 2019 review for Tahoe City condos and townhomes.

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

Inventory levels of available condos/townhomes for sale in Tahoe City remain critically low.

Townhome/condo Buyers have very few buying options, and it doesn’t matter what price point, they are all limited.

On January 1, 2020, there were only seven (7) condos/townhomes for sale.

Here are the current condos/townhomes that are available for sale in the Tahoe City – all price points:

The average median Condo/Townhome prices moved down slightly in 2019 and followed the over-all North Lake Tahoe – Truckee regional market trend.

You can see on the graph below that the over-all Tahoe City price trend for the average median condo sold sales price dropped slightly.

Tahoe City Condo Values | Market Report - Year End 2019

The Tahoe City condo prices were down -3.6% for 2019, with a median average sales price of $415,000 (TSMLS Areas 3-4).

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 98.8% of their listed price to the sold average median sales price in the Tahoe City area (MLS Areas 3-4).

In everyday terms, this means Sellers are getting close to their full asking price if they have priced their property correctly.

It also means Tahoe City condo/townhouse Buyers do not have as much wiggle room on price.

Real Estate Market Condo/Townhouse Activity for the Tahoe City Area:

Year-End 2019 YTD Period: 01-01-2019 to 12-31-2019 | MLS Areas 3-4

Number of Condos Sold in Tahoe City: 45
Median Average Sold Sales Price for Tahoe City: $415,000
Average Sold Sales Price in Tahoe City: $605,057
Sold Price Range in North Lake Tahoe – Truckee: $225,000 – $2.6 Million
Percent (%) List to Sold Price Ratio: 98.8%
Average Days on Market (DOM in MLS): 81 DOM
Number of Active and Available Condos for Sale in Tahoe City as of 01-01-2020: 7 (TSMLS Areas 3-4)
Pending Condo Sales in Tahoe City as of 01-01-2020: 0
Number of Distressed Available Listing – As of 01-01-2020: Zero (0) listings: Zero (0) Court Approval, Zero (0) Short Sale, Zero (0) REO|Bank Foreclosures (MLS Areas 3-4)

Other interesting Tahoe City Condo/Townhouse market observations:

Days on Market (DOM) Increased significantly from 48 DOM to 81 DOM for 2019.

By comparison, the number of days on the market for condo/townhome sales is still down from the higher numbers of 119 DOM in 2016. The shorter the marketing time for a property, the stronger the market is for those Sellers.

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

Number of Transactions – The number of sold condo/townhouse sales in the greater Tahoe City area remained almost unchanged, with a slight increase of three (3) transactions in 2019. This is most likely a result of extremely low inventory levels combined with higher pricing.

As a result of the small data sets, I do recommend looking at the entire North Lake Tahoe – Truckee Region for the areas’ market trends. North Lake Tahoe – Truckee Condo/Townhome Values | Market Report – Year End 2019

If you already own a condo/townhome 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.

Tahoe Condo/Townhome or Home Buyers should do the following:

See new listings as soon as possible.
Tahoe second property Buyers should try to driving-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 will work on their pricing and negotiation tactics.
It’s a small market and local knowledge is very valuable!
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 or townhome in the area, make sure you are using a local lender. Using a local lender that has recently processed a loan in the complex 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.

The next real estate market update will be in mid-May 2020. If you want more long-term 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.

Tahoe City Sold Condo/ Townhouse MLS Areas 3-4 | 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*	45	$415,000	$605,057	81	$225,000	$2,600,000	51.1%	0%	0 REO’s 0 Short Sales
2018	42	$430,000	$681,636	48	$222,500	$3,535,000	42.9%	0%	0 REO’s 0 Short Sales
2017	54	$391,000	$591,618	70	$200,000	$2,600,000	42.6%	0%	0 REO’s 0 Short Sales
2016	41	$348,000	$458,462	119	$170,000	$1,510,000	43.9%	2.4%	0 REO’s 1 Short Sales
2015	40	$395,000	$545,273	77	$186,500	$2,201,000	32.5%	0%	0 REO’s 0 Short Sales
2014	34	$359,750	$499,797	89	$190,000	$2,110,000	50%	5.9%	0 REO’s 2 Short Sales
2013	43	$289,000	$426,087	129	$120,000	$1,400,000	37%	18.6%	2 REO’s 4 Short Sales 2 Court Approval Sale
2012	37	$290,000	$418,689	157	$110,000	$1,100,000	40.5%	16%	3 REO’s 3 Short Sales
2011	31	$262,500	$396,504	162	$120,000	$1,445,000	54.8%	22.6%	6 REO’s 1 Short Sales
2010	29	$314,000	$447,303	133	$165,000	$1,350,000	58.6%	20.7%	3 REO’s 2 Short Sale 1 Court Approval Sale
2009	17	$334,000	$475,823	136	$157,000	$1,250,000	29.4%	17%	1 REO’s 0 Short Sale
2008	11	$427,000	$814,681	179	$250,000	$2,200,000	54.5%	0%	0 REO’s 0 Short Sale
2007	21	$600,000	$761,6571	106	$288,500	$1,800,000	42.9%	0%	0 REO’s 0 Short Sale
2006	32	$476,500	$632,490	108	$298,500	$1,625,000	34.4%	0%	0 REO’s 0 Short Sale

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 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 Residential Brokerage 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.

Need more search options for Condo/Townhouses for Sale in North Lake Tahoe and the Truckee area by price range here:

Want to see other Tahoe City Market Reports?

Here are recent past market reports for single-family home sales for the entire North Lake Tahoe – Truckee homes for the region:

Want to know what is going on in the North Lake Tahoe – Truckee Condo / Townhouse market?

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.

Tahoe City Condo Values | Market Report – Year End 2019

Tahoe City Home Values | Market Report – Year End 2019

April 20, 2020 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

Tahoe City Home Values | Market Report – Year End 2019

Tahoe City Home Values | Market Report - Year End 2019 Here is the year-end 2019 single-family home market data for the Tahoe City area.

The Tahoe City real estate market conditions remained strong, and favor Sellers will low inventory levels.

Reduced levels of available homes for sale in Tahoe City remained critically low throughout the year.

The selection of homes for Buyers was very limited, regardless of the price point. On January 1, 2020, there were only 21 homes for sale.

Here are the current listings as of the day you are reading this post:

Tahoe City homes for sale, all price points:

Single-family home prices dropped from a median average sales price of $825,000 in 2018, to a median average sales price of $790,000 in 2019.

The drop in sales price is most likely due to the reduced number of record-breaking lakefront sales on sales in Tahoe City in 2018 on both the West Shore of Tahoe City, ($40 million) and the North Shore of Tahoe City ($22 million), so the price drop was most likely not because of marketing conditions, but the combination of sales from the previous year. This was also noted as a reason why prices were significantly higher in 2018 versus the regional average.

You can see on the graph below that the over-all Tahoe City home price trend for the average median home sold sales price has moved up and while 2019 is below 2018 levels, it is above 2017 prices.

Tahoe City Home Values | Market Report - Year End 2019

The Tahoe City single-family home median average sales price of $790,000 (TSMLS Areas 3-4). 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 95.2% of their listed asking price to the sold average median sales price in the greater Tahoe City area (MLS Areas 3-4).

This is lower than the over-all region, which was at 99.5%. In everyday terms, this means Sellers need to correctly price their properties in order to get close to their asking prices.

It also means Tahoe Buyers that wanted to low-ball or be really aggressive on their offered price had a better opportunity to do that in the greater Tahoe City area this past year.

Real Estate Market Homes Sold Activity for the Tahoe City Area: Year-End 2019 YTD Period: 01-01-2019 to 12-31-2019 | MLS Areas 3-4

Number of Homes Sold in Tahoe City: 87
Median Average Sold Sales Price for Tahoe City: $790,000
Average Sold Sales Price in Tahoe City: $1,404,314
Sold Price Range in Tahoe City: $441,000 – $37 Million
Percent (%) List to Sold Price Ratio: 95.2%
Average Days on Market (DOM in MLS): 69 DOM
Number of Active and Available Homes for Sale in Tahoe City as of 01-01-2020: 21 (TSMLS Areas 3-4)
Pending Home Sales in Tahoe City as of 01-01-2020: 6
Number of Distressed Available Listing – As of 01-01-2020: Zero (0) listings: Zero (0) Court Approval, Zero (0) Short Sale, Zero (0) REO|Bank Foreclosures (MLS Areas 3-4)

Other interesting Tahoe City single-family home market observations:

Days on Market (DOM) remained almost unchanged from 2017 to 2019. For 2019 is the number of days on the market for single-family homes is now at 69 days, which is up 3 days from 2017 but is still down 23% from the 90 DOM in 2016. As a general rule, the shorter the marketing time for a home to go sale pending, the stronger the market is for Sellers.

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

Number of Lakefront Home Sales – The high number of lakefront sales in 2018 may have distorted the over-all decrease for our non-lakefront home values given for 2019.

When Tahoe City home sales are compared to the entire region of $745,000, the Tahoe City area did well at $790,000.

As a result, I recommend looking at the entire North Lake Tahoe – Truckee Region for regional 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 me 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 or townhome in the area, make sure you are using a local lender. Using a local lender that has recently processed a loan in the complex 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.

The next update will be in Mid-May 2020, which will pick up the first four months of 2020.

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

Tahoe City Sold Single Family Homes MLS Areas 3-4 | 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*	97	$790,000	$1,404,314	69	$441,000	$37,000,000 3 Lakefronts	24%	1.1%	0 REO’s 0 Short Sales 1 Court Approval Sale
2018	113	$825,000	$2,330,726	67	$435,000	$40,000,000 11 Lakefronts	30%	0%	0 REO’s 0 Short Sales
2017	90	$722,500	$878,560	66	$299,900	$7,000,000 1 Lakefronts	26%	3.3%	3 REO’s 0 Short Sales
2016	120	$705,000	$1,209,682	90	$330,000	$17,500,000 7 Lakefronts	37%	2.5%	2 REO’s 1 Short Sales
2015	105	$650,000	$989,403	90	$315,000	$8,199,000 4 Lakefronts	34%	1%	1 REO’s 0 Short Sales
2014	84	$670,000	$1,064,987	76	$290,000	$6,500,000 4 Lakefronts	44%	5%	2 REO’s 3 Short Sales
2013	85	$592,500	$831,934	99	$214,000	$6,750,000 3 Lakefronts	37%	38%	1 REO’s 3 Short Sales
2012	109	$568,000	$1,100,159	119	$179,000	$17,250,000 9 Lakefronts	39%	23%	11 REO’s 13 Short Sales 1 Court Approval Sale
2011	64	$555,000	$932,290	134	$257,000	$6,450,000 5 Lakefronts	34%	25%	7 REO’s 9 Short Sales
2010	70	$653,000	$1,121,282	123	$219,900	$7,100,000 7 Lakefronts	39%	19%	7 REO’s 6 Short Sale
2009	65	$635,000	$936,142	146	$340,000	$6,288,000 4 Lakefronts	26%	17%	5 REO’s 6 Short Sale
2008	50	$741,500	$1,501,905	137	$350,000	$20,000,000 5 Lakefronts	26%	0%	0 REO’s 0 Short Sale
2007	56	$883,500	$1,495,640	136	$525,000	$12,400,000 4 Lakefronts	21%	0%	0 REO’s 0 Short Sale
2006	89	$926,000	$1,429,484	100	$425,000	$16,700,000 6 Lakefronts	18%	0%	0 REO’s 0 Short Sale

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 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 Residential Brokerage 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.

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

Want to see other Tahoe City Market Reports?

Tahoe City Condo/Townhouse Market Reports:

Tahoe City Condo/Townhouse Values Market Report | Year End-2019

Here are recent past market reports for single-family home sales for the entire North Lake Tahoe – Truckee homes for the region:

Want to know what is going on in the North Lake Tahoe – Truckee Condo / Townhouse market?

When you’re ready to buy, or sell in the North Lake Tahoe – Truckee Region, call Laura Allen, 530.414.1260, with Coldwell Banker 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.

Tahoe City Home Values | Market Report – Year End 2019

Sierra Senior Services 19th Annual Spaghetti Dinner – 2020

January 21, 2020 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

Sierra Senior Services 19th Annual Spaghetti Dinner – 2020

It’s January and that means it is time for the 19th Annual Spaghetti Dinner, BINGO, and silent Auction supporting the Sierra Senior Services organization.

This years’ event will be held in Truckee, California on Saturday, January 25, 2020.

This event is a significant fundraiser for the Sierra Senior Services organization (a non-profit organization) and your support is greatly appreciated.

Doors open at 5 p.m. at the Truckee Community Recreational Center (10981 Truckee Way) with dinner being severed at 6 p.m. followed by BINGO starting at 7 p.m.

This is a fun evening out, and along with a good meal, you’ll have fun playing BINGO, or becoming a winner in their silent auction.

This local fund-raising event benefiting the Sierra Senior Services program has sold out for the past ten plus years with over 500 attendees.

If you want to go you should get your tickets in advance on-line at www.SierraSeniors.org.

You can also purchase tickets at the Sierra Senior Services Center, or at the Plumas Bank Truckee, CA branch.

If you’ve missed out on buying your tickets in advance, you can always try to buy a ticket at the door.

Want to learn more about the local Sierra Senior Services organization? The Sierra Senior Services organization feeds and supports Seniors in the North Lake Tahoe and Truckee communities.

Senior Meals on Wheels is a non-profit organization that provides meals to qualified senior citizens age 60+.

Last year, the Sierra Senior Services provided over 38,000 meals to at-risk seniors who otherwise might not have had a meal without the local program.

We often forget not every Senior has a family member that lives nearby, or that they even have a family. No one ever wants to say “Hey I need help, I’m hungry”…

The demand for the local services that the Sierra Senior Services organizations continues to increase. Their website is loaded with great information on who they are helping:

Sierra Senior Services (non-profit group that oversees the Meals on Wheels program) only receives 31% of their funding from the government (Federal and State). That means 69% of the annual budget comes from fundraising activities, private donations, Private Foundations, Placer County Government, In-kind support, and a small percentage comes from the participants.
In North Lake Tahoe and Truckee, California area 75% of the home-delivered meal recipients live alone.
In Nevada County (Most of Truckee is located in Nevada County, California) 62% of the home-delivered meal recipients are over the age of 80.
Over 88% of the home-delivered meal recipients rely solely on Social Security.
Approximately 54% of the recipients are disabled.
A $75 donation will help feed a senior for a week.

Here are the details for the Truckee event:

Sierra Senior Services 19th Annual Spaghetti Dinner – 2020

Spaghetti Dinner, BINGO and Silent Auction for the Sierra Senior Services
Truckee Community Recreation Center | 10981 Truckee Way, Truckee, California
Saturday, January 25, 2020
- Door Open at 5 p.m.
- Dinner at 6 p.m.
- BINGO at 7 p.m. ( 7 p.m. – 9 p.m.)
Cost: $30/Ticket in Advance or $35/Ticket at the Door
No Outside Alcohol Permitted

Everyone is welcome – an all-age event.

If you can’t make this fund-raiser, remember you can always make a private donation, or provide silent auction items to the Sierra Senior Services at 10040 Estates Drive, P.O. Box 4152, Truckee, CA, or call 530.550.7600, or check out their website at www.SierraSeniors.org.

Come out and enjoy a fun evening supporting the Sierra Senior Services program by being at their Annual Spaghetti Dinner, BINGO and Silent Auction this Saturday, January 25, 2020, in Truckee, CA!

Thinking about making Truckee your second home? Here are some popular area options:

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 Realty, Tahoe City – Truckee, CA

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

Sierra Senior Services 19th Annual Spaghetti Dinner – 2020