Carnelian Bay Homes for Sale Market Report – Year End 2012 - Lake Tahoe

Carnelian Bay Homes for Sale Market Report – Year End 2012

It’s that time of year to review how the Carnelian Bay area real estate market has performed. Here is the Carnelian Bay homes for sale Year End 2012 Market Report.

Carnelian Bay Homes Sold Market Report – Year End 2012:

Sold Sales: Carnelian Bay had 78 single family homes sold in 2012, which is a 77% increase in volume over 2011 levels.

The Carnelian Bay single family home sales price remained flat with an average median homes sales price of $417,000. The median average days on market was 149 DOM.

Cash Sale Transactions: The number of cash sale transactions for the Carnelian Bay area increased slightly to 38%, which is just above the Tahoe- Truckee Regional average of 34%, or 1 out of every 3 home sales has been a cash buyer.

Absorption Rate: The current absorption rate is at 3.83 months, which indicates a Sellers’ market as of 01/02/2013.

Distress Sales:Distress sellers (bank foreclosures- real estate owned (REO’s) and short sales) has declined and dropped to 22% of all homes sold in 2012, which is a 50% improvement over 2011.
distressed levels.

Active Homes for Sale: There were 23 Active– available homes for sale in the Carnelian Bay area as of 01/02/2013. They ranged in price from $239,000 to $6.785 million, with an average median asking sales price of $1,075,000.

Of the 23 homes offered for sale there are only two (2) short sales, no (Zero – 0) REO (Bank Foreclosure) listings, or only 9% of the current listings are distressed, which is a clear sign that the market is stabilizing.

Pending Home Sales: There are eight (8) pending home sales in Carnelian Bay area and they range from $239,000 to $869,000. There is one (1) is a short sale, and one (1) REO/Bank Foreclosure.

If you’d like more information on the Carnelian Bay area, or would like to know what your Carnelian Bay home may be worth, call Laura Allen at 530.414.1260.

More about Carnelian Bay:

This North Shore community is centrally located, and is close to Kings Beach and Tahoe City. Its location makes it easy to get to Northstar, Alpine Meadows, Squaw Valley, or Homewood Ski resorts. It is close to all of the Lake Tahoe recreational activities such as boating, hiking, biking, tennis, golf, miniature golf, skiing, shopping, and restaurants.

The Carnelian Bay neighborhood is a mix of some smaller, older, Tahoe cabins, newer luxury mountain homes, and lakefront properties. Some of the more well-known neighborhoods in Carnelian Bay are:

Carnelian Bay has great public beaches, and a small commercial core area making this area very desirable. Centrally located between Tahoe City and Kings Beach on the North Shore of Lake Tahoe, the Carnelian Bay area is very popular with second home owners.

Carnelian Bay Homes for Sale Market Report – Year End 2012

Ready to make the North Shore of Lake Tahoe 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.

Carnelian Bay Homes for Sale Market Report – Year End 2012