Lake Tahoe - Truckee, CA Real Estate for Sale

Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260 » Page 30

Foam Fest – Squaw Valley – Sept 1 2018

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Foam Fest – Squaw Valley – Sept 1 2018

Foam Fest - Squaw Valley - Sept 1 2018Labor Day weekend is almost here, and now is the time to enjoy some time here in the North Lake Tahoe – Truckee area!

This holiday weekend is loaded with fun events and things to do.

On Saturday, September 1, 2018 the 29th Annual Foam Festival will be held at the Village at Squaw Valley!

The 29th Annual Foam Fest – Squaw Valley – Sept 1 2018 at the Village at Squaw Valley, is an easy way to spend the day, outside enjoying our sunshine, blue skies, live music and sipping on ice-cold beers!  

At the Foam Fest you get to sample up to 40 different beers from 25 different breweries.

All proceeds benefit the Achieve Tahoe organization, a local non-profit group.

Foam Fest - Squaw Valley - Sept 1 2018If you love beer, the Foam Fest is your chance to sample a variety of beers (unlimited beer tasting ticket), enjoy our beautiful Tahoe late summer weather (the weather forecast for this weekend is for sunshine and day time temperatures in the mid 70’s).

They also have a great line-up of live music with the popular California Honeydrops and MoJo Green bands!

You’ll have from 2 p.m. to 6 p.m. to check out this fun event at the Village at Squaw Valley. 

What a great way to support a great non-profit group and make a fun day out of the donation! 

In addition to the Foam Fest event, there will be other fun events are lined up here in our area for this weekend, and there will be something for everyone.

Starting with the last Friday evening beach music concert in downtown Kings Beach (Friday, Aug 31), the annual Foam Fest at the Village at Squaw Valley on Saturday, The Tahoe Donner Wild West Fest also on Saturday, the Alpen Wine Festival on Sunday, the final free Sunday Tahoe City beach concert, and the Homewood Arts and Crafts Fair (Friday, Saturday and Sunday).

Need more reasons to enjoy a fun weekend in the North Lake Tahoe – Truckee area?  How about the Labor Day Fireworks in Carnelian Bay on Sunday night at 8:30 p.m.  We have so many great things to do in our area, it will be hard to do them all!

Here are the Foam Fest Event Details:

29th Annual Foam Fest – Squaw Valley, Sept 1 2018

  • When: Saturday, September 1, 2018, 2 p.m. to 6 p.m.     
  • Where:  The Village at Squaw Valley, 1960 Squaw Valley Road, Olympic Valley, CA 96146
  • Cost:  $35 on-line plus $1.50 processing fee, or $40 at the door – Beer Tasting Ticket (must be 21+ Age)  Entry ticket includes a $10 donation
    • A Combo Ticket is also available:  $60/per person Both Festivals:  Foam Fest (Sat) and Wine Fest (Sun)
  • Don’t Drink and Drive:  Remember with over forty (40) different types of beer to sample, you’ll want to make sure you either have a designated driver, take a cab, ride the bus – TART (Tahoe Area Rapid Transit), or spend the night at the Village!  Enjoy and Be safe! 

Want to know what breweries will be at the event?  Here is a list of participants:

  • ABK (Akienbrauerei Kaufbeuren)
  • Alaskan Brewing Co
  • Alibi Ale Works
  • Anchor Brewing
  • Auburn Alehouse
  • Bear Republic Brewing Co
  • Belching Beaver Brewing
  • Black Hammer Brewing
  • Boochcraft
  • Deschutes Brewery
  • Drake’s Brewing Co
  • Fifty Fifty Brewing Company
  • Gilman Brewing Company
  • Guinness/ Diageo
  • Half Moon Bay Brewing Co
  • Hard Frescos Brewing Co
  • HenHouse Brewing Company
  • Knee Deep Brewing Company
  • Kona Brewing Company
  • Lagunitas Brewing Company
  • Melvin Brewing Co
  • Sierra Nevada Brewing Co
  • Sufferfest Beer Co
  • The Brewer’s Cabinet

If you have been looking for a reason to come up to the Lake Tahoe – Truckee area, the 29th Annual Foam Fest in Squaw Valley  is a good one.

Celebrate Labor Day weekend in the North Lake Tahoe -Truckee area with one of our special local events this weekend! 

Here is a quick list of some of the more popular events this Labor Day weekend:

Looking for more fun, local events?  The North Lake Tahoe – Truckee area will still have a few weekly events once Labor Day has come and gone:

Ready to make the Squaw Valley area your second home?  Check out what is 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.

Foam Fest – Squaw Valley – Sept 1 2018

What is my Lake Tahoe Lakefront Home Worth – 2018

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What is my Lake Tahoe Lakefront Home Worth – 2018

What is my Lakefront Home Worth in Lake Tahoe - 2018What is my Lake Tahoe lakefront home worth in August 2018?  

Real estate conditions continue to favor Sellers.  Lakefront home inventory is extremely limited with only fourteen (14) lakefront homes for sale as of 08/10/2018.  

Our Lake Tahoe lakefront sales are strong, and we are hitting new sales highs.  The West Shore had a $40 million cash lakefront sale in April 2018, which is double the $20 million record set back in 2008.

The North Shore had a $22.8+ million lakefront sale in June 2018, which was almost double the $12.5 million closing sales price set in 2007. 

Cash buyers are dominating sales with 60% of all lakefront sales in 2018 as cash transactions.

Two-thirds of all lakefront sales were under $5 million in sales price giving buyers the opportunity to still get into this exclusive market segment.

An impressive 20% of the lakefront sales in 2018 were over $20 million, reflecting the strength of the most exclusive properties in the area.  

Here are the current Lake Tahoe Lakefront Homes for Sale Listings:

Real Estate Market Activity for Lake Tahoe Lakefront Homes Sold:  2018 YTD 01/01/2018 – 07/31/2018

Areas Covered: North Shore Lake Tahoe, West Shore Lake Tahoe, and Tahoe City (MLS areas 1-5)

  • Number of Lake Tahoe Lakefront Homes Sold: 15
  • Median Average Sold Sales Price for Lake Tahoe Lakefront Homes: $3,770,000
  • Average Sold Sales Price for Lake Tahoe Lakefront Homes: $8,906,794
  • Sold Price Range for Lake Tahoe Lakefront Homes: $1,750,000 to $40 million
  • Average Sold Median Sales Price to Sold Median List Price Ratio for Lake Tahoe Lakefront Homes: 94.5%
  • Average Days on Market (DOM) for Lake Tahoe Lakefront Homes Sold:  206 DOM
  • Number of Active and Available Lake Tahoe Lakefront Homes for Sale as of 08/10/2018:  14
  • Number of Active and Available Lakefront Homes for Sale on just the North Shore of Lake Tahoe as of 08/10/2018:  5
  • Number of Active and Available Lakefront Homes for Sale on just the West Shore of Lake Tahoe as of 08/10/2018:  9
  • Number of Active and Available Lakefront Homes for Sale just in Tahoe City as of 08/10/2018: 4
  • Pending Lake Tahoe Lakefront Home Sales as of 08/10/2018: 3
  • Number of Distressed Sales – Court Approval, Short Sales, or REO Bank Foreclosures for Lake Tahoe Lakefront Homes as of 08/10/2018: 0

Looking for more North Lake Tahoe lakefront home sales data?

Real Estate Market Activity for Lake Tahoe Lakefront Homes Sold:  Multiple Years | YTD 2018* – 2006

Areas Covered: North Shore Lake Tahoe, West Shore Lake Tahoe, and Tahoe City (MLS areas 1-5)

FYI:  This chart is best viewed on a larger screened device.

 

Year

  

Homes

Sold

 Homes

Sold by

Shore

 Median Average Sales Price Average

Sales

Price

  

DOM

 Lowest

Price

Sold

 Highest

Price

Sold

 %

Cash

Sales
2018* 15 5 West Shore

10 North Shore

 $3,770,000 $8,906,794 206 $1,750,000 $40,000,000 60%
2017 26 13 West Shore

13 North Shore

 $3,825,000 $4,758,192 153 $1,688,000 $15,000,000 58%
2016 18 13 West Shore

5 North Shore

 $4,825,000 $5,474,194 182 $1,750,000 $17,500,000 73%
2015 25 13 West Shore

12 North Shore

 $3,800,000 $4,708,670 168 $2,201,000 $9,950,000 73%
2014 30 11 West Shore

19 North Shore

 $3,118,690 $4,038,140 162 $850,000 $14,000,000 67%
2013 22 8 West Shore

14 North Shore

 $3,525,000 $3,938,522 203 $1,520,000 $9,495,000 68%
2012 32 17 West Shore

15 North Shore

 $3,275,000 $4,688,721 338 $900,000 $17,250,000 75%
2011 22 9 West Shore

13 North Shore

 $2,937,500 $3,115,884 302 $975,000 $6,450,000 73%
2010 22 10 West Shore

12 North Shore

 $3,700,000 $4,813,432 210 $1,950,000 $12,400,000 73%
2009 11 7 West Shore

4 North Shore

 $4,400,000 $3,951,000 220 $1,900,000 $6,288,000 73%
2008 10 6 West Shore

4 North Shore

 $4,075,000 $5,964,000 357 $2,350,000 $20,000,000 70%
2007 15 8 West Shore

7 North Shore

 $4,250,000 $5,078,107 216 $1,204,000 $12,500,000 67%
2006 18 7 West Shore

11 North Shore

 $4,400,000 $5,115,137 264 $1,925,000 $16,700,000 33%

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 – 07-31-2018.

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 specific Lake Tahoe lakefront home buying options?  Search Lake Tahoe Lakefront homes for sale by community here:

Buyer Tip:  Real estate agents can not put all of the property details and information into the public portion of the Multiple Listing Service (MLS) property detail display. 

The space that is provided in the MLS is very limited, and important details about properties never make the public listing format.  

Finding the specific features you must have will be easier if I help you in your search – local information and being familiar with our listings is where agents really add value to your property search – call me 530.414.1260  I can help you with your search!

The number of Lakefront home for sale is very limited in any one given year, and the price points can vary widely depending on what is offered for sale.

While it is interesting to track the average median home sales price, or average lakefront home sales price when it comes to comparing year-to-year percentage changes it may be misleading to use that data and may not reflect the true market direction, but rather the limited selection of what was available for sale skewing results.

My recommendation to Tahoe Buyers is to review the over-all North Lake Tahoe – Truckee real estate market trend and date as this luxury market will follow the over-all regional trend.

Want more real estate market trend data for our area?  Here is the regional report:

North Lake Tahoe – Truckee home values market report mid-year 2018

Remember when it comes to lakefront home values the individual property and home features are what will determine why one Lakefront Home in the Lake Tahoe area is worth $20 million and another is only worth $2 million.

A Lake Tahoe lakefront property value will be impacted by many features.  Here is a list of features Buyers will consider:   

Popular Lakefront Property Features:

  • Pier | Private | Just one owner
  • Shared Pier | Limited to just two or three owners
  • Permitted Pier
  • Permitted Shared Pier
  • No Pier, but access to one via a Home Owners Association (HOA) membership
  • No Pier at all
  • Buoys
  • Permitted Buoys
  • Boat Lift
  • Boat House
  • Rock Crib Marina
  • Sandy Beach
  • Deep Water
  • Lakefront Footage – 25′, 50′, 100′, 150′, 200’+ need a minimum number of feet?
  • Acreage
  • Minimum Lot Size
  • Minimum home square footage Elevator
  • Garage
  • Pool – Private or Shared part of a neighborhood amenity
  • Tennis Courts
  • Newer Construction 
  • New Construction – Just Built, Under Construction, or Shovel Ready Project
  • Old Tahoe
  • Single Floor
  • Elevator
  • Trophy Property
  • Lakefront properties not directly on Highway 89, or Highway 28 – side street, away from traffic
  • Current, or Past Rental History
  • Current Rental Property
  • Minimum distance from a specific ski resort
  • Estate Setting
  • Luxury Property
  • Fixer – a gem in the rough
  • A tear-down, or lakefront lot
  • Excellent maintenance – Well cared for properties inside and out
  • Upgraded and/or updated properties that have high-end, custom features found in newer construction luxury homes
  • Homes that are ready to use on day one – no to-do lists and deferred home projects
  • Mountain Charm, Clean, and Uncluttered – Reflective of the Tahoe Lifestyle
  • True Lakefront | waterfront property (Not all advertised lakefront properties are true lakefront parcels and are really beachfront property.  Knowing the difference between the two types is where the sales price will come into play and specific permitted features.)
  • True Split Lakefront (Across from the Beach with deeded lakefront property that has Lake Tahoe shoreline in it.)
  • Beachfront
  • Permitted Lakefront Features with California State Lands Commission and Tahoe Regional Planning Agency versus not currently permitted but existing on the property.

If you already own a Lake Tahoe lakefront home and want to know what your property is worth, call me 530.414.1260 for a confidential conversation.

Need more Lake Tahoe home buying options?  Check out the Lake Tahoe Luxury Homes for Sale here:

Want more  help in trying to figure out your Lake Tahoe lakefront, or luxury home buying options? 

Looking for more information to figure out which neighborhoods and locations will best meet your individual needs? 

Call me at 530.414.1260 and I can help you find the information you need and help you search for the right place to buy!

Here are some past Blog Posts that you might find helpful: 

The Internet is loaded with information.  It helps to work with a local Tahoe real estate professional that understands the current market conditions and area.  Let’s figure out what makes sense for you – 530.414.1260!

Overview and summary completed by:
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.
Buyers and Sellers should investigate and verify all information to their own satisfaction.

What is my Lake Tahoe Lakefront Home Worth – 2018

Tahoe City Rotary Club Tahoeritaville Lobster Feed – July 28 2018

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Tahoe City Rotary Club Tahoeritaville Lobster Feed – July 28 2018

Tahoe City Rotary Club Tahoeritaville Lobster Feed - July 28 2018If you’ll be in the North Lake Tahoe – Truckee area this weekend and you haven’t made your dinner plans yet,  consider getting tickets for the annual Tahoe City Rotary Club’s Tahoeritaville event at the North Lake Tahoe Conference Center in downtown Kings Beach this Saturday, July 28, 2018.  

You’ll enjoy a wonderful meal, entertainment, while enjoying a beautiful summer evening here in the North Lake Tahoe.  
Need another reason to go?  A portion of your dinner ticket proceeds will go to benefiting the Tahoe City Rotary Club’s local community organizations that they provide assistance and support to all year-long to many local groups.

Here are the event details:

Tahoe City Rotary Club Tahoeritaville Lobster Feed – July 28 2018

When: 

  • Saturday, July 28, 2018
  • No Host Bar Opens at 5:30 p.m.
  • Dinner – 6:30 p.m. – 8:30 p.m.

Where:

  • North Lake Tahoe Event Center
  • 8318 North Lake Blvd., Kings Beach, CA (In the heart of downtown Kings Beach – lake side of the street.)

Cost:   

  • $70/Per Person
    • Tickets are being sold in advance at the following locations:  North Tahoe Event Center in Kings Beach, Swigards Hardware, Tahoe City, or Patti Boxeth 530-546-0339 
  • $5 Parking at the California State Parks
  • Cash, or Checks only (no credit cards)
  • No Host Bar – Cost will vary by beverage

The menu for Tahoe City Rotary Club Tahoeritaville Lobster Feed includes:

  • Appetizers, Caesar Salad, Live Main Lobster, Ear of Corn, Bread, and Dessert.

No Host Bar: 

  • Beer, Wine, and their special Tequila Margaritas (now you get the Tahoeritaville reference), and Soft Drinks.

This is a sell out, and tickets are limited, so get there early!

Want to learn more about the local Rotary Club of Tahoe City and what this local organization does, click here!

Enjoy a beautiful summer evening here in the North Lake Tahoe area at the Tahoe City Rotary Club Lobster Feed in Kings Beach, CA on Saturday, July 28, 2018!

Looking for more fun, local events?  The North Lake Tahoe – Truckee area has a number of other free weekly events to enjoy this summer (weather permitting):

Ready to make Kings Beach your second home?  Check out what is 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.

Tahoe City Rotary Club’s Tahoeritaville Lobster Feed – July 28 2018

Big Bluegrass Concert at Sugar Pine Point State Park Tahoma Friday 27 2018

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Big Bluegrass Concert at Sugar Pine Point State Park Tahoma Friday 27 2018

Big Bluegrass Concert at Sugar Pine Point State Park Tahoma Friday 27 2018If you enjoy listening to Bluegrass music, and you’ll be on the West Shore of Lake Tahoe this Friday, July 27, 2018 don’t forget to check out the Big Bluegrass concert at the Sugar Pine Point State Park  in Tahoma, California.

The Sierra State Park Foundation is presenting this benefit concert for the restoration and upkeep of the Hellma-Ehrman Estate at Sugar Pine Point State Park.

They have three popular Bluegrass Bands lined up to play at the event:

Big Bluegrass Concert at Sugar Pine Point State Park Tahoma Friday 27 2018What a great way to spend a summer evening than by being outdoors and sipping on a cold beverage, while listening to three wonderful Bluegrass bands surrounded by the beauty of our mountains, towering pine trees, and Lake Tahoe.

If you’ll be up in the greater Tahoma, North Lake Tahoe – Truckee area this Friday, and you are looking for an enjoyable evening out this event is for you!.

Here are the event details:

Sugar Pine Point State Park, Big Band Concert

When: 

  • Friday, July 27, 2018
  • Doors open at 5 p.m.
  • Event: 6 p.m. – 9 p.m.

Where: 

  • Sugar Pine Point State Park, Tahoma, California
  • Lake-side for this event, along with parking.
  • 7595 Hwy 89 S, Tahoma, CA

Cost: 

  • $20/Adult Pre-Sale On-line, $25/Adult at the door,
  • $10/Children 6-12 years
  • Under 5 years – free
  • Please no pets at this event.
  • Ticket Price does not include parking fee

Parking: $10/vehicle | If you bike, or walk in there is no additional parking fee.  

Food and Beverages available for Sale (no outside food or drinks): 

  • Cheri’s Hand Dipped Ice Cream
  • Big Blue Q
  • Exquisite Grill

Concert goers Tips:

  • Bring your low-back chairs (if you bring high-back chairs, be prepared to be at the back).  The concert area is on the lawn that slopes down towards the lake.  Low-back chairs, or beach blankets will be best in this area.
  • Bring blankets and bring/wear something warm (dress in layers). Our days are hot, but in the shade, or if a breeze come up off the lake, you’ll want something warmer to wear as temperatures can drop quickly in our area.
  • Bring a Flashlight – no lights so when the concert is over you’ll want to find your way back to your car.
  • More Information:  Info@SierraStateParks.org 530-583-9911

Outdoor concerts here in Lake Tahoe are a wonderful experience, and you’ll have a great time at this one!

Come out and enjoy a wonderful summer evening of Big Bluegrass at the Sugar Pine Point State Park this Friday, July 27, 2018!

Looking for more fun, local events?  The North Lake Tahoe – Truckee area has a number of other weekly events to enjoy this summer, and most are free (weather permitting):

Ready to make Tahoma your second home?  Check out what is 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.

Big Bluegrass Concert at Sugar Pine Point State Park Tahoma Friday 27 2018

North Lake Tahoe – Truckee Condo Values | Market Report – Mid Year 2018

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North Lake Tahoe – Truckee Condo Values | Market Report – Mid Year 2018

North Lake Tahoe - Truckee Condo Values | Market Report - Mid Year 2018Looking for real estate data for the condo \ townhouse market in the North Lake Tahoe – Truckee area for the first half of 2018?  

The North Lake Tahoe – Truckee real estate market conditions continue to improve for Sellers. 

You can see that the over-all North Lake Tahoe – Truckee condo/townhome price trend is moving up, which means lower priced condos are harder to find than they were a few years ago.

North Lake Tahoe - Truckee Condo Values | Market Report - Mid Year 2018

The North Lake Tahoe – Truckee regional condo/townhome prices are up +10.7% for 2018 when compared to last year, with a median average sales price of $465,000 (MLS Areas 1-9).

Important Reader Note:  As an FYI, past North Lake Tahoe – Truckee real estate market reports that I have produced have been for “All MLS Areas”, this report has been fine-tuned and only covers the MLS Areas 1-9 (immediate North Lake Tahoe – Truckee area), so if you are looking at older reports and comparing numbers you will notice that the numbers are different, and this change in reporting data is why they are not the same.

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?”

For the first six months of 2018, Sellers have realized 97.9% of the listed price to the sold average median sales price in the North Lake Tahoe – Truckee area (MLS Areas 1-9).  

In every day terms this means Sellers are getting close to their full asking price.

North Lake Tahoe – Truckee Condo Values | Market Report – Mid Year 2018

Real Estate Market Activity for the North Lake Tahoe – Truckee, California Region for the first six months of 2018: 

2018 YTD Period:  01-01-2018 to 06-30-2018 MLS Areas 1-9

  • Number of Condos/Townhomes Sold in North Lake Tahoe – Truckee: 140
  • Median Average Sold Sales Price for North Lake Tahoe – Truckee : $465,000
  • Average Sold Sales Price in North Lake Tahoe – Truckee: $649,738
  • Sold Price Range in North Lake Tahoe – Truckee:  $89,000 – $3,535,000
  • Percent (%) List to Sold Price Ratio:  97.9%
  • Average Days on Market (DOM in MLS):  112 DOM
  • Number of Active and Available Condos/Townhomes in North Lake Tahoe – Truckee as of 07-13-2018:  176 (TSMLS areas 1-9)
  • Pending Condo/Townhome Sales in North Lake Tahoe – Truckee as of 07-13-2018: 41
  • Number of Distressed Condos for Sales – As of 07-13-2018:  Four (4) | one (1) court approval | Two (2) Short Sales | One (1) REO/Bank Foreclosure

 

North Lake Tahoe BeachesHistorically, our available condos/townhomes for sale inventory levels are at their highest levels during our summer months.

Once we pass the Labor Day weekend inventory levels begin to decline, until we start the process of re-building inventory the following Spring.

The exception to this over-all decline in inventory is an increase in the number of condos and homes for sale located directly around our popular ski resort areas!  

These winter locations are now in their prime selling season during our coldest months and we often see these areas with their best selection of properties!  

For the entire area we continue to have extremely low condo/townhouse inventory levels that will help to continue to keep prices up for Sellers.

Tahoe area condo Buyers have had fewer choices this year, and for those looking for a three (3) bedroom condo for sale in the North Lake Tahoe, or Truckee area under $500,000 will find their options extremely limited these days.

As an example of how limited the selection of lower-priced condos\townhouses are as of 07-13-2018 there were only six (6), three (3) bedroom condo/townhouse units for sale in the greater North Lake Tahoe area (North Shore, West Shore, Greater Tahoe City area) under $500,000

Check out all price points for condos/townhouses for sale in the North Lake Tahoe area here.

 

Things are about the same in the greater Truckee area (includes the Donner Summit, Soda Springs area), there were only six (6), three (3) bedroom condos/townhouses for sale under $500,000, leaving lower-priced buyers with very few buying options. 

Here are condos for sale in the greater Truckee area:

In the ski resort areas like Alpine Meadows and Squaw Valley they do have more options, here are the condos for sale in the Squaw Valley area:

Other interesting market observations are the days on market (DOM) for condo/townhouse sales has reversed its downward trend for the past two (2) years.  DOM increased +10%, to 112 DOM. 

Is this a signal that the market is slowing down, or is it that Sellers may be pushing listing prices to the limit and buyers are not as anxious to jump in? 

Only time will tell if the increase in marketing time is anything more than just needing a few more marketing days.

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.

Do 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. 

Both the average median sales price and average sales price (in some cases there is a significant difference between the two, but the market trends are the same direction for both) are included for each year. 

North Lake Tahoe – Truckee Regional Condo | Townhome for Sale

Market Report Summary – Multiple Years:

(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

 

 Lowest

Price

Sold

 Highest

Price

Sold

 %

Cash

Sales

 % 

Distressed

Sales

 Breakdown

of

distressed

Sales
2018* 140 $465,000 $649,738 112 $89,000 $3,535,000 51.4% 0.7% 0 REO’s

0 Short Sales

1 Court Approval
2017 406 $420,000 $543,546 102 $75,000 $4,650,000 42% 0.98% 3 REO’s

1 Short Sales

0 Court Approval
2016 357 $375,000 $499,740 117 $71,000 $2,650,000 48% 0.8% 1 REO’s

1 Short Sales

1 Court Approval
2015 265 $370,000 $505,466 106 $32,500 $3,100,000

 

 47% 2.8% 4 REO’s

3 Short Sales

1 Court Approval
2014 308 $381,250 $583,064 121 $47,500 $4,800,000

 

 48% 4.9% 5 REO’s

10 Short Sales

0 Court Approval
2013 308 $360,000 $556,041 160 $48,000 $4,560,000

 

 50% 12% 12 REO’s

24 Short Sales

2 Court Approval
2012 290 $290,000 $435,350 150 $40,000 $3,900,000

 

 51% 23% 38 REO’s

28 Short Sales

2 Court Approval
2011 254 $296,250 $385,349 148 $49,000 $3,800,000

 

 56% 33%  40 REO’s

44 Short Sales

0 Court Approval
2010 259 $333,250 $523,031 167 $46,000 $3,650,000 54% 36%  62 REO’s

31 Short Sales

1 Court Approval
2009 180 $374,500 $505,979 272 $98,000 $3,240,000 48% 26% 40 REO’s

7 Short Sales

0 Court Approval
2008 166 $534,500 $864,009 200 $110,000 $3,818,738 40% 2.4% 4 REO’s

0 Short Sales

0 Court Approval
2007 232 $555,000 $817,325 149 $92,000 $3,705,000 27% 0% 0 REO’s

0 Short Sales

0 Court Approval
2006 247 $576,000 $855,797 116 $150,000 $4,575,000

 

 20% 0% 0 REO’s

0 Short Sales

0 Court Approval

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 – 06/30/2018

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.

Other items of interest:  Currently we have some of the most impressive North Lake Tahoe – Truckee luxury condos and townhomes on the market.The demand for our luxury mountain condos and townhomes in the North Lake Tahoe – Truckee area continues to be very strong. 

North Lake Tahoe Luxury Condos/Townhomes

Truckee Luxury Condos

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

Want to review older regional condo/townhouse market reports?
Want to know what happened in the single family market for the region? 
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.

North Lake Tahoe – Truckee Condo Values | Market Report – Mid Year 2018