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?

Sierra Senior Services 18th Annual Spaghetti Dinner – 2019

The 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:

• Tahoe Donner Homes for Sale
• Tahoe Donner Condos for Sale
• Northstar Homes for Sale
• Northstar Condos for Sale
• Grays Crossing Homes for Sale
• Grays Crossing Townhhomes for Sale
• Lahontan Homes for Sale
• Schaffer’s Mill Homes for Sale
• Schaffer’s Mill Townhomes for Sale
• Martis Camp Homes for Sale
• Truckee Homes for Sale
• Truckee Condos 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.

Sierra Senior Services 18th Annual Spaghetti Dinner – 2019

Lunar Eclipse – Tahoe City Jan 20 2019

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:

• Tahoe City Condos for Sale
• Tahoe City Homes for Sale
• Tahoe City Lakefront Homes for Sale
• 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.

Lunar Eclipse – Tahoe City Jan 20 2019