Happy Chinese New Year – 2019!

Today, Tuesday, February 5, 2019 is the beginning of the Chinese New Year for 2019!

Happy Chinese New Year – 2019!

While globally we all welcomed in the calendars’ New Year for 2019 about 36 days ago (including Jan 1), today is the beginning of the “Lunar New Year” and it is the year of the “Pig”.

Many may not know that the Chinese New Year begins sometime between January 21 – February 20 each year, and the changing date depends on the day of the new moon, and when the moon is at its darkest, which in 2019, is today, February 5!

There are many things that people will do to celebrate today including fireworks, family gatherings, family meals, giving red envelopes with a gift inside (typically money), decorating in red, and hanging red lanterns! 

Red is a powerful color (red suits, or red ties), and of course we know red is the symbol color of romance and love, but when it comes to the Chinese New Year, and their traditions, red is a color that was believed to protect, and with that protection came good luck, fortune, and safety.

I have known jewelers that specifically weave in a red ruby, or red colored stone into their designs.

The red stone is often hidden and is located between the wearer and the piece.  For example, in a ring you’d find it on the inside of the band, not the outside. 

I always thought it was for the “love factor”, but I can see how putting that stone into the design was meant for something else, and to bring the wearing the piece of jewelry protection, along with some other benefits.

The animal zodiac signs for each year coincide with the Chinese year in which you are born, not necessarily your calendar year.   

These signs are different than the calendar year astrology signs, so if you don’t like your calendar zodiac sign check out your Chinese New Year animal.  

For those born between February 5, 2019 – January 24, 2020 you’ll be born in the year of the “Pig”.   Last year it was the year of the “Dog”, and in 2020 it will be the year of the “Rat”. 

• 2018 – Dog
• 2019 – Pig
• 2020 – Rat
• 2021 – Ox
• 2022 – Tiger
• 2023 – Rabbit
• 2024 – Dragon
• 2025 – Snake
• 2026 – Horse
• 2027 – Goat
• 2028 – Monkey
• 2029 Rooster

Each animal zodiac sign has different characteristics and traits, and it’s always fun to find out your animal, which depends on the year in which you are born.   

For some the New Year began on January 1, and for others, it will be today, February 5, 2019.

If you’ve forgotten your New Year’s resolutions that you started on January 1, this is your chance to start-over with the beginning of the Chinese New Year. 

Why not take advantage of another new start if you don’t like the one you had 36 days ago!

For me, I’ll wear something red.  Yes, I believe in luck, happiness, good health, prosperity, and true love!

So I’ll do what I can to surround myself with the traditions that can bring those things into my life in abundance. 

I’ll wish everyone I see a Happy New Year today, and I’ll use this opportunity to re-start those personal goals I made in January. 

How will you celebrate the Chinese New Year?  

Even if you don’t have any plans, why not take this opportunity to wish everyone the ever best that the Chinese New Year will have to offer them – good health, wealth, and a lot of happiness!

Happy Chinese New Year – 2019!

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:

• Tahoe City Homes for Sale
• Tahoe City Condos for Sale
• Tahoe City Lakefront Homes for Sale
• Lake Tahoe Lakefront Homes for Sale
• North Shore Lake Tahoe Homes for Sale
• West Shore Lake Tahoe Homes for Sale

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.

Happy Chinese New Year – 2019

Dollar Point Home Values | Market Report – Year End 2018

Looking for sold, year-end 2018 single family home market data for the Dollar Point neighborhood in Tahoe City?

Here is the year-end 2018 review for the Dollar Point, Tahoe City neighborhood.

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

Inventory levels of available homes for sale in Dollar Point, and for homes for sale in the greater Tahoe City area remain critically low.

Buyers have very few buying options.  On January 30, 2019 there were only 4 homes for sale in Dollar Point. As a point of reference there were only 21 homes for sale in the Tahoe City area.

Here are the current listings Dollar Point Homes for sale:

Here are the current listings Tahoe City homes for sale:

Single family home prices moved up significantly in 2018 for the entire North Lake Tahoe – Truckee region, and Dollar Point did even better.

You can see on the graph below that the over-all home sold sales price trend for the Dollar Point area has moved up with 2018, posting a new average median home sold price of $1,450,000, surpassing the 2008 average median home sold price of $1,350,000.  

Depending on the mix of homes sold, the median average has bounced up and down, so we’ve looked at a more general trend line, rather than from year-to-year.

The Tahoe City single family home prices were up for 2018, with a median average sales price of $1,450,000, which was well above the Tahoe City median home sold average of 825,000.

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 2018, the list to sold price ratio was 100% of the their listed median average sales price to the sold average median sales price in the Dollar Point neighborhood.

This does not mean every Dollar Point home seller received 100% of their asking price. 

It does mean there were enough home sales that sold above their listed price to off-set those listings that sold below their asking prices to average out 100%.

This is higher than the over-all North Lake Tahoe -Truckee region, which was slightly lower at 98.9%. 

In every day terms, this means if Sellers have priced their property correctly for its features, location, and condition they are doing very well with these market conditions.

This also means Tahoe Buyers that want to low-ball, or be really aggressive on their offered price are going to have a hard time in the this market. 

Real Estate Market Homes Sold Activity for the Dollar Point Area: Year-End 2018 YTD | Period:  01-01-2018 to 12-31-2018 

• Number of Homes Sold in Dollar Point: 29
• Median Average Sold Sales Price for Dollar Point: $1,450,000
• Average Sold Sales Price in Dollar Point: $1,619,024
• Sold Price Range in Dollar Point:  $720,000 to $5,050,000
• Percent (%) List to Sold Price Ratio:  100%
• Average Days on Market (DOM in MLS):  40 DOM
• Number of Active and Available Homes for Sale in Dollar Point as of 01-30-2019:  4 
• Pending Home Sales in Dollar Point as of 01-30-2019: 0
• Number of Distressed Available Listing – As of 01-30-2019:  Zero  (0) listings:  Zero (0) Court Approval, Zero (0) Short Sale, Zero (0) REO|Bank Foreclosures 

 

Dollar Point Neighborhood Video

Other interesting Dollar Pointy single family home market observations:

Days on Market (DOM) increased.  For 2018 the number of days on the market for single family homes is now at 40 days, which is up 6 day from the 34 days on market in 2017, but is down 64% from the 110 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.

High Number of Sales – The total number of sales in the Dollar Point neighborhood was significantly higher in 2018 over 2017. 

In 2018 there were 29 home sales compared to only 18 home sale in 2017.

Dollar Point home sales made up almost 26% of the total number of homes sold in the greater Tahoe City, CA area. 

Home sales data in the greater Tahoe area is limited, and often small for neighborhoods, so I always  encourage home and condo buyers and sellers to review the largest data set, and look at those trends for the area for more market insight.

It is easy to move averages up, or down so take a look at the the entire North Lake Tahoe – Truckee Region to confirm smaller neighborhood trends. North Lake Tahoe – Truckee Home Values | Market Report – Year End 2018

If you already own a home in the Tahoe area and you are asking yourself  “what is my Dollar Point home is worth?” Call me call Laura Allen,  530.414.1260, for a confidential consultation, or click on the following link to get more options:

Free Market Analysis for your Dollar Point Home

Here are some Quick Tahoe Home Buyer Tips:

• Act Fast | See new listings as soon as possible.  Don’t wait for the weekend to see a property. driving up the next day to see the property and not wait until the weekend.
• Decide Immediately | After you have seen the property decide if you are going to write an offer and do it quickly.  Don’t wait.
• Tahoe Buyers’ Agent | Have your own Tahoe Buyers’ Agent – you need your own advocate and independent advice.  
• Loan Approval | Need a loan, use a local loan lender that your agent uses and recommends.  Be approved, and ready to go.  

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. 

Dollar Point Sold Single Family Homes  | Year-End 2018 01/01 – 12/31/2018 (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
2018*	29	$1,450,000	$1,1,619,024	40	$720,000	$5,050,000 0 Lakefronts	50%	0%	0 REO’s 0 Short Sales
2017	18	$937,500	$1,052,444	34	$730,000	$1,700,000 0 Lakefronts	50%	5.5%	1 REO’s 0 Short Sales
2016	23	$1,020,000	$1,214,386	110	$686,000	$3,600,000 0 Lakefronts	35%	0%	0 REO’s 0 Short Sales
2015	20	$913,250	$1,471,998	98	$432,750	$8,199,000 1 Lakefront	35%	0%	0 REO’s 0 Short Sales
2014	15	$1,220,366	$1,775,366	76	$550,000	$5,800,000 1 Lakefront	47%	0%	0 REO’s 0 Short Sales
2013	15	$785,000	$924,900	65	$580,000	$2,200,000 0 Lakefronts	33%	0%	0 REO’s 0 Short Sales
2012	23	$855,000	$1,251,080	188	$456,210	$4,250,000 2 Lakefronts	44%	4.3%	1 REO’s 0 Short Sales
2011	8	$657,000	$1,004,756	187	$519,000	$3,040,050 1 Lakefront	38%	13%	1 REO’s 0 Short Sales
2010	14	$1,044,000	$1,260,500	129	$517,000	$3,200,000 1 Lakefront	50%	7%	0 REO’s 1 Short Sale
2009	14	$747,000	$1,006,053	161	$528,000	$2,700,000 0 Lakefronts	36%	7%	0 REO’s 1 Short Sale
2008	9	$1,350,000	$1,250,611	89	$743,000	$1,740,000 0 Lakefronts	33%	0%	0 REO’s 0 Short Sales
2007	14	$1,300,000	$1,862,285	114	$749,000	$5,250,000 0 Lakefronts	21%	0%	0 REO’s 0 Short Sales
2006	17	$1,200,000	$1,705,884	68	$878,750	$4,500,000 1 Lakefront	24%	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 01/01/2018 – 12-31-2018.

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 some quick Dollar Point Property Searches?

• Dollar Point Homes for Sale under $1 million
• Dollar Point Homes for Sale under $2 million
• Dollar Point Lakefront Homes for Sale
• Luxury Homes for Sale in Dollar Point, Tahoe City
• Lake View Homes for Sale in Dollar Point, Tahoe City
• New, Newer Construction Homes for Sale in Tahoe City
• Lots and Land for Sale in Dollar Point, Tahoe City

Need more Lake Tahoe Home buying options? 

Search Homes for Sale in North Lake Tahoe here:

Tahoe Donner Condo Values | Market Report – Year End 2018

Looking for sold, year-end 2018  condo | townhouse real estate market data for the Tahoe Donner area? Here is the year-end 2018 review for the Tahoe Donner condo community in Truckee. The Tahoe Donner real est

ate market conditions continue to be strong, and favor Sellers. The average median condo sold sales price for 2018 in Tahoe Donner was $362,450.  

Inventory levels of available condos/townhouses for sale in Tahoe Donner remain critically low and limited with Buyers having very few buying options most price points. 

On January 13, 2019 there were only 36 home 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 2018 is getting close to 2008 price lev

els. 

Tahoe Donner condo/townhouse prices were up +5.1% for 2018, with a median average sales price of $362,450 (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 2018, Sellers realized 99.3% of the their 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 99.5%. 

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

It also means Tahoe Buyers that want to low-ball, or be really aggressive on their offered price are going to have a hard time in this market. 

Condo Sold Activity for the Tahoe Donner Area: Year-End 2018

YTD Period:  01-01-2018 to 12-31-2018 | MLS Areas 9TD

• Number of Condos Sold in Tahoe Donner: 56
• Median Average Sold Sales Price for Condos Tahoe Donner: $362,450
• Average Sold Sales Price in Tahoe Donner: $329,389
• Sold Price Range in Tahoe Donner:  $87,500 – $530,000
• Percent (%) List to Sold Price Ratio:  99.3%
• Average Days on Market (DOM in MLS):  35 DOM
• Number of Active and Available Condos for Sale in Tahoe Donner as of 01-13-2019:  3 (TSMLS Areas 9TD)
• Pending Condo Sales in Tahoe Donner as of 01-25-2019: 5
• Number of Distressed Available Listing (MLS Areas 9TD) – As of 01-25-2019:  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 in 2018.  For 2018 the number of days on the market for condo/townhouses is now at 35 days, which is down seventeen (17) days from 2017, which is a 33% decrease in marketing time.

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 condo market is following the entire North Lake Tahoe – Truckee region and increased +5%, which is below the North Lake Tahoe – Truckee regional condo/townhouse price increase of +7% for 2018.

I always recommend looking the the entire North Lake Tahoe – Truckee Region for market trends. North Lake Tahoe – Truckee Home Values | Market Report – Year End 2018

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

Tahoe Condo/Home Buyers should do the following:

• See new listings as soon as possible.  Tahoe second home 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 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 trends are the same direction for both) are included for each year in the following table. 

Tahoe Donner Condo Values | Market Report – Year End 2018

MLS Areas 9TD | 01/01 – 12/31/2018 (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
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 01/01/2018 – 12-31-2018. 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.

Want to learn more about Tahoe Donner?

• What is the Tahoe Donner Property Inspection Program?
• Can I fence in my Tahoe Donner Home?
• 9 Tahoe Donner Second Home Buyer Tips!
• Why Buy a Home in Tahoe Donner?