Lake Tahoe - Truckee, CA Real Estate for Sale

Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260 » Page 25

Sierra Senior Services 18th Annual Spaghetti Dinner – 2019

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Sierra Senior Services 18th Annual Spaghetti Dinner – 2019

Sierra Senior Services 18th Annual Spaghetti Dinner - 2019The 18th Annual Spaghetti Dinner, BINGO, and silent Auction supporting the Sierra Senior Services organization will be held in Truckee, California on Saturday, January 26, 2019.

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

The 18th Annual Spaghetti dinner will start this Saturday evening with doors opening at 5 p.m. at the Truckee Community Recreational Center (8924 Donner Pass Road) 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 in Truckee, CA.  If you’ve missed out on buying your tickets in advance, you can always try to buy a ticket at the door.

Thee 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 have gone hungry.  

The economy may be good, but 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 18th Annual Spaghetti Dinner – 2019 

  • Spaghetti Dinner, BINGO and Silent Auction for the Sierra Senior Services
  • Truckee Community Center | 8924 Donner Pass Road, Truckee, California
  • Saturday, January 26, 2019
    • 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

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 26, 2019 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, Tahoe City, CA CalRE#01908304

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

Sierra Senior Services 18th Annual Spaghetti Dinner – 2019

Lunar Eclipse – Tahoe City Jan 20 2019

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Lunar Eclipse – Tahoe City Jan 20 2019

Picture of the moon being covered in the eclipse process,The weather may not cooperate for the lunar eclipse in Tahoe City tonight, January 20, 2019, but if it does, we should see a super Blood Wolf Moon Eclipse. 

Tonight between 8:30 p.m. and 10 p.m. we should be able to see the full lunar eclipse process here in the greater Tahoe City – North Lake Tahoe and Truckee area.

What makes tonight’s lunar eclipse special? 

This is the only lunar eclipse in 2019, and the next lunar eclipse won’t be until 2021, so if the weather clears, this should be something not to be missed.

During the eclipse, the moon should turn the moon into a red-orange color, which is why the eclipse has the name “Blood Moon”.

The entire process in the Tahoe City area will start at 6:36 p.m. and will be completed by 11:48 p.m. PST.

If you’ll be up in the greater Tahoe City – North Lake Tahoe/Truckee area, which is on Pacific Standard Time (PST) here is the Super Blood Wolf Moon Eclipse Schedule:

Lunar Eclipse – Tahoe City January 20, 2019

  • Moon begins the eclipse process at 6:36 p.m.
  • Partial eclipse of moon eclipse begins 8:24 p.m. (about 75% of the moon is covered)
  • Total eclipse begins 8:36 p.m. through 9:13 p.m.
  • By 9:43 p.m. the eclipse begins the process to end the eclipse 
  • Partial eclipse of moon 10 p.m. (about 75% of the moon is covered as the process reverses itself)
  • Moon completes the eclipse process 11:48 p.m.

Check out Space.com for more information on this eclipse, which has great information on the entire process!

The sun will set around 5:07 p.m. PST in Tahoe City, which should make for good viewing conditions if we weren’t expecting snow today.

If the weather breaks, your best places for seeing the lunar eclipse will be any where you can see the moon, but my recommendation would be to head to one of our public beach areas and watch it over Lake Tahoe.

  • Downtown Tahoe City at Commons Beach
  • Downtown Carnelian Bay at the Public Beaches
  • Downtown Kings Beach at the Public Beaches

The full moon is always impressive over Lake Tahoe, but if we can see the eclipse and the changing of the color of the moon will be spectacular.

While they are forecasting 5-8 inches of new snow tonight, I hope we get a break in the weather and can experience this lunar eclipse. 

These rare astronomy events are worth making the effort to see and who knows where you’ll be in 2021, so hopefully we’ll get to see tonight’s event.

If you’ll be here in greater Tahoe City – North Lake Tahoe area this weekend, don’t miss the Lunar Eclipse this Sunday, January, 20, 2019!

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

For all of your Tahoe real estate needs –

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

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

Lunar Eclipse – Tahoe City Jan 20 2019

Tahoe Donner Home Values | Market Report – Year End 2018

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Tahoe Donner Home Values | Market Report – Year End 2018

Tahoe Donner Home Values | Market Report - Year End 2018Looking for sold, year-end 2018 single family home market data for the Tahoe Donner area?

Here is the year-end 2018 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 2018 in Tahoe Donner was $719,000 which was a new high for this resort community.  

Inventory levels of available homes 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 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 sales price move up and 2018 just edged out 2006.  

Tahoe Donner Home Values | Market Report - Year End 2018

The Tahoe Donner single family home prices were up +6.4% for 2018, with a median average sales price of $719,000 (TSMLS Areas 9TD), which is a new closing high for Tahoe Donner, moving above the 2006 average median home sales

 price of $712,500.

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 99.2% of the their listed 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 just 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 a

ggressive on their offered price are going to have a hard time in this market. 

Real Estate Market Homes Sold Activity for the Tahoe Donner Area: Year-End 2018 YTD Period:  01-01-2018 to 12-31-2018 | MLS Areas 9TD

  • Number of Homes Sold in Tahoe Donner: 277
  • Median Average Sold Sales Price for Tahoe Donner: $719,000
  • Average Sold Sales Price in Tahoe Donner: $771,665
  • Sold Price Range in Tahoe Donner:  $367,500 – $1,700,000
  • Percent (%) List to Sold Price Ratio:  99.2%
  • Average Days on Market (DOM in MLS):  41 DOM
  • Number of Active and Available Homes for Sale in Tahoe Donner as of 01-13-2019:  36 (TSMLS Areas 9TD)
  • Pending Home Sales in Tahoe Donner as of 01-13-2019: 36
  • Number of Distressed Available Listing (MLS Areas 9TD) – As of 01-13-2019:  One  (1) listings: Zero (0) Court Approval | One (1) 

    Short Sale | Zero (0) REO|Bank Foreclosures 

Other interesting Tahoe Donner single family home market observations: Days on Market (DOM) dropped a few days from 2017 to 2018. 

For 2018 is the number of days on the market for single family homes is now at 41 days, which is down 4 days from 2017, but is down 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 and increased +6.4%, which is below the North Lake Tahoe – Truckee regional single family home price increase of +7.45% for 2018, but is almost the same on the median average sales price.

Only $1,000 separates the two median average sales price of $719,000 for Tahoe Donner (TSMLS 9TD) and the North Lake Tahoe – Truckee Region of $721,000 (TSMLS Areas 1-9).

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 home 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 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 Home 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   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* 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 01/01/2018 – 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?

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, 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, CA CalRE#01908304
All information is deemed reliable, but is subject to change, and/or correction without notice.
 
Tahoe Donner Home Values | Market Report – Year End 2018

How to get rid of Hazardous Trash North Lake Tahoe – Truckee | 2019

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How to get rid of Hazardous Trash North Lake Tahoe – Truckee | 2019

How to get rid of Hazardous Trash North Lake Tahoe - Truckee | 2019Do you have old cans of paint (latex and/or oil based), stain, or varnish stored in your North Lake Tahoe – Truckee home, condo, or business that you’d like to throw away?

How about old house cleaning supplies, auto fluids like anti-freeze, oil filters, medications, or pesticides?

The other day I was looking for something and I was shocked to see how full our storage has become in our home.

We have cans of old paint that I have no idea what they were used for in our home. 

How to get rid of Hazardous Trash North Lake Tahoe - Truckee | 2019Our cabinets are loaded with old cleaning products, and old medications (prescribed and over-the-counter) items we just don’t use any more.

Like many people, I’ve held onto the item because there is just enough in there to not toss it in the garbage.

At some point, you know you just need to purge and get rid of the left-over cleaning products.  You know you shouldn’t just put the items with left-over product in the everyday trash bin, so after a while you’ve accumulated a dozen cleaning containers with just a small amount of product in each one.

How do you get rid of hazardous trash-waste in the North Lake Tahoe – Truckee area, and do it responsibly?  

Our local agencies are making this an easy one for you to get rid of this toxic trash and to do it the right way. 

On the third Saturday of each month the Materials Recovery Facility at 900 Cabin Creek Road (located off Highway 89 S) will take in a number of different types of toxic waste items – for FREE!   

All you have to do is call ahead at 530.583.7800 for an appointment to drop your items off. 

What will they take?

  • Paint  – Don’t want to go to the dump, or be limited to the third Saturday of each month? 
    • Did you know that Mountain Hardware in Truckee will take up to 5 gallons (1 – five gallon container, or 5 one gallon containers) each day (any day they are open) from you for FREE! 

This paint is sorted and if it can be used it is donated.  Otherwise it is dumped into a huge mixer and the paint comes out a gray color that the State of California uses on their buildings and other items that need to be painted.  A cool way to recycle and get rid of old paint!

  • Cleaners
  • Auto Fluids
  • Oil Filters
  • Medications (prescribed, or over-the-counter)
  • Pesticides

Here are the details:

How to get rid of Hazardous Trash North Lake Tahoe – Truckee | 2019

  • Where:  Materials Recovery Facility | 900 Cabin Creek Road, Truckee, CA (accessed off Hwy 89 S)
  • When:  Third (3rd) Saturday of each month in 2019 | Call for an appointment 530.583-7800 to drop your items off.
    • January 19, 2019
    • February 16, 2019
    • March 16, 2019
    • April 20, 2019
    • May 18, 2019
    • June 15, 2019
    • July 20, 2019
    • August 17, 2019
    • September 21, 2019
    • October 18, 2019
    • November 16, 2019
    • December 21, 2019
  • Cost:  Free
  • Restrictions: Maximum of 15 gallons, or 125 pounds
  • Transportation Tips: 
    • Keep products in their original sealed containers if possible.
    • Label materials and sort products by type. 
    • Place leaking containers in tightly sealed, labeled plastic containers. 
    • Pack containers upright in cardboard, or plastic containers.
    • Secure in car trunk, or truck bed.

Each month you’ll have the opportunity to clean out the cutter and trash that requires special care and handling in disposing of it in 2019. 

Need more reasons why you should take advantage of these FREE events this year? If you are thinking of selling, keep this in mind:

  • Sellers | North Lake Tahoe – Truckee Property Owners:  If you’re thinking of selling your Truckee – Lake Tahoe home, condo, or commercial building, you’ll need to get rid of all paint, stain, household cleaning products and other hazardous waste at your property prior to the close of escrow. 

Our local Tahoe-Truckee Area Contract Addendum contract requires the following:

  • Property Condition: In addition to any requirements specified in the Purchase Contract regarding the condition of the Property that Seller is obligated to deliver at Close of Escrow, the Parties further agree that Seller, at Seller’s expense shall remove all paint, stain, household cleaning products and other hazardous waste prior to the Close of Escrow unless otherwise agreed in writing.

This FREE hazardous waste drop-off service is available to Truckee and North Lake Tahoe residents.

How do you get rid of hazardous waste in the Truckee – North Lake Tahoe area if there isn’t a free event?  Call the Tahoe Truckee Sierra Disposal (TTSD) 530-583-7800 for their current rates.  They also take in a number of other items like appliances and mattresses for a special fee, and on some days for free.

Take advantage of this FREE event to get rid of hazardous waste items that you have in your home on the third Saturday of each month this year! 

This is a great way to be green and so something great for your home, condo, or business!

Thinking about making Truckee your second home? 

Check out these mountain homes that are for sale in Tahoe Donner resort community here:

For all of your Tahoe real estate needs –

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

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

How to get rid of Hazardous Trash North Lake Tahoe – Truckee | 2019

Tahoe City Condo Values | Market Report – Year End 2018

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Tahoe City Condo Values | Market Report – Year End 2018

Tahoe City Condo Values | Market Report - Year End 2018Looking for sold, year-end 2018 condo/townhouse market data for the Tahoe City?

Here is the year-end 2018 review for Tahoe City. 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 and limited with Buyers having very few buying options most price points.  On January 13, 2019 there were only 8 condos/townho

mes for sale.

Here are the Tahoe City homes for sale, all price points: 

Condo/Townhome prices move up in 2018, 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 move up.  

Tahoe City Condo Values | Market Report - Year End 2018

The Tahoe City condo prices were up +10.5% for 2018, with a median average sales price of $430,000 (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 2018, Sellers realized 97.3% of the their listed price to the sold average median sales price in the Tahoe City area (MLS Areas 3-4).  

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

It also means Tahoe condo Buyers do have a little more wiggle room on price, which is not the case in the single family home market for Tahoe City homes sold that was at 99.5% in 2018. 

Real Estate Market Condo/Townhouse Activity for the Tahoe City Area: Year-End 2018 YTD Period:  01-01-2018 to 12-31-2018 | MLS Areas 3-4

  • Number of Condos Sold in Tahoe City: 42
  • Median Average Sold Sales Price for Tahoe City: $430,000
  • Average Sold Sales Price in Tahoe City: $3,535,000
  • Sold Price Range in North Lake Tahoe – Truckee:  $222,500 – $3.5+ Million
  • Percent (%) List to Sold Price Ratio:  97.3%
  • Average Days on Market (DOM in MLS):  48 DOM
  • Number of Active and Available Condos for Sale in Tahoe City as of 01-13-2019:  8 (TSMLS Areas 3-4)
  • Pending Condo Sales in Tahoe City as of 01-13-2019: 2
  • Number of Distressed Available Listing – As of 01-13-2019:  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) dropped significantly from 70 DOM to 48 DOM for 2018. 

By comparison the number of days on the market for condo/townhome sales in 2018 was down -59.6% from the 117 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.

Reduced Transactions – The number of sold condo/townhouse sales in the greater Tahoe City area decreased 22%. 

This may be our first real signal that market conditions are changing, or it could just be reduced available properties combined with higher pricing.

As a result, I recommend looking at the entire North Lake Tahoe – Truckee Region for larger market trends. North Lake Tahoe – Truckee Home Values | Market Report – Year End 2018

If you already own a home 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/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.

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 – 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* 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 01/01/2018 – 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.

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?
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, CA CalRE#01908304
All information is deemed reliable, but is subject to change, and/or correction without notice.
 
Tahoe City Condo Values | Market Report – Year End 2018