Alpine Meadows, California Real Estate Market Report – Year End Review 2011
Alpine Meadows, California is located approximately 5 miles north-west of Tahoe City (North Lake Tahoe), or 12 miles south-west of downtown Truckee, California off California Highway 89 South.
Alpine Meadows is a small ski resort area that is just south of Squaw Valley, California, home of the 1960 Winter Olympics. Alpine Meadows is known for its casual, low-key atmosphere and beautiful mountain setting.
This small community is a mix of smaller, older, Tahoe cabins, along with larger, newer luxury mountain homes, along with several condominium developments. Currently there are approximately 462 single family homes, 130 condominiums, with a year-around full-time populations of about 500 people**.
While Alpine Meadows is known for its great winter skiing and sports, a number of the Alpine Meadows property owners are also members in the Alpine Springs Community Park which provides great summer activities such as a swimming pond and beach area, BBQ area, tennis courts, and volleyball court area.
Residents and second home owners in this community love the mountains and enjoy being close to the Alpine Meadows Ski Resort. This is a great area to have a vacation-resort second home because it gives owners some distance from commercial development, yet it is close enough to still enjoy all that Tahoe City and Lake Tahoe has to offer such as boating, hiking, biking (dirt and paved trails), tennis, golf, skiing, shopping, and restaurants. 
Sold Single Family Homes in Alpine Meadows, California:
There were 19 single family homes sold in Alpine Meadows, California. Home prices have dropped by -18.6% this year. Cash sale transactions have increased to almost 1 out of ever 2 sales, or 42% of the Alpine Meadows home market. The current absorption rate is at 10 months, which indicates a buyers’ market.
Distress sales (bank foreclosures – real estate owned (REO’s) and short sales) accounted for 16% of all homes sold in 2011, which is an improvement over 2010 distressed levels.
There were 5 Active – available homes for sale in the Alpine Meadows area as of 01/09/2012. They ranged in price from $574,900 to $799,000. Of the 5 homes offered for sale there were no short sales or REO listings, which may be a sign that the market is stabilizing.
There are two sales pending in this exclusive ski area ranging in listed price from $100,000 (collapsed home that needs to be removed and can’t be considered a lot due to the structure on it) to $419,000.
Click here if you want to see what Alpine Meadows, California homes and cabins are for sale?
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Alpine Meadows, California Real Estate Summary for Sold Single Family Homes:
|
Year |
Homes Sold |
Median Average Sales Price |
Lowest Price Sold |
Highest Price Sold |
% Cash Transactions |
Absorption Rate < 5 months Sellers Mkt 5-7 months balanced >7 months Buyer’s Mkt |
% Distressed Sales |
Breakdown of distressed Sales |
|
2011* |
19 |
$480,000 |
$260,000 |
$1,200,000 |
42% |
10 months Buyer’s Market |
16% |
1 REO’s 2 Short Sales |
|
2010 |
19 |
$590,000 |
$390,000 |
$1,210,000 |
31% |
NA |
21% |
1 REO’s 3 Short Sale |
|
2009 |
18 |
$664,000 |
$435,000 |
$1,425,000 |
17% |
NA |
0% |
0 REO’s 0 Short Sale |
|
2008 |
13 |
$890,000 |
$628,000 |
$1,885,000 |
23% |
NA |
0% |
0 REO’s 0 Short Sale |
|
2007 |
12 |
$757,500 |
$485,000 |
$1,931,000 |
33% |
NA |
0% |
0 REO’s 0 Short Sale |
|
2006 |
12 |
$865,000 |
$625,000 |
$1,600,000 |
0% |
NA |
0% |
0 REO’s 0 Short Sale |
*YTD period is 01/01/2011 – 12/31/2011.
If you’d like more Lake Tahoe – Truckee, California real estate information, read Tahoe Laura’s Luxury Homes most recent real estate newsletter.
· * Note: 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 TMLS’s may not reflect all real estate activity in the market. All information is deemed to be reliable, but is subject to change and/or correction without prior notice. Data Source – Tahoe Sierra Multiple Listing Service (TSMLS). If your property is currently listed for sale, or you have an active Buyer Representation Agreement, this is not intended as a solicitation.
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.
Alpine Meadows, California Real Estate Market Report – Year End Review 2011
