What is your Granlibakken Condo Worth | 2016
What is your Granlibakken Condo worth is a question both sellers and buyers may be asking. This is a real estate market activity report for the Granlibakken Condos for sale – September 2016.
The Granlibakken development is located in Tahoe City – West Shore, CA. The Granlibakken Condo development is medium-sized mountain resort complex and it is just south-west of the Comstock Acres neighborhood. It is located at 725 Granlibakken Road, Tahoe City, CA 96145.
The Granlibakken condo development will give you the feeling of being out in the woods and away from it all, but yet it is only located about one (1) mile south-west of the “Y” (stop light) in downtown Tahoe City.
The Granlibakken Condo complex was built in the 1980’s and is a small mountain resort-like experience development with approximately seventy-six (76) units. The Granlibakken resort is a partnership between the condo owners and the business/developer partner that owns the tennis court and ski hill areas, along with the restaurant and convention facilities.
There are several floor plans and unit combination styles in the complex, with some having multiple levels and others with single floor living.
There are studio with one (1) bedroom, one (1) bedroom and loft, two (2), three (3), and four (4) bedroom floor plans with mountain and forest setting units.
The approximate square footage will vary depending on the actual size and combination of the unit. In general, the following square footages are for:
- Studio and one (1) bedroom combination units (known as the A and B style units) are approximately +/- 792 square feet
- One (1) bedroom, plus loft townhouse style units are approximately +/- 900 square feet
- Two (2) bedroom units are approximately 1,172 square feet
- Three (3) bedroom units are approximately +/- 1,439 square feet
- Four (4) bedroom units are approximately 1,572 square feet.
The entire complex is a mountain-side ski, tennis and spa resort complex with owners having access to an on-site restaurant, ski/sled hill, year-around heating swimming pool and in-ground spas, tennis court (pickle ball courts), and day spa. For those looking for adventure there are hiking trails in and around the complex and the Tree Top Adventure Park which has seven courses, 70 Tree Platforms and 20+ Zip lines!
Depending on the floor plan, luxury resort condo Buyers have often had to wait several years for a buying opportunity to get the unit configuration they want in this development. Turn-over in the Granlibakken development has been inconsistent, with some years having units available and then nothing available.
Finding condos for sale in the Tahoe City – West Shore area is easier than in other communities with over 306 total units (does not include the 2, or 4 mini condos that are in Talmont, Tahoe Woods, or Cathedral neighborhoods) that were built in this area.
The four (4) condo developments that were built on the West Shore of Tahoe City are comprised of three (3) lakefront resort-like developments and one (1) ski and tennis mountain-side resort condo complex.
Condo buyers that expand their condo property search to the entire West Shore of Lake Tahoe, or all of Tahoe City (West Shore and North Shore) will have more condo buying options.
If you would like to
Get a FREE Market Analysis for Granlibakken Condo
Just click on the above link, or give me a call 530-414-1260 and we can discuss what is important to you about your Granlibakken unit.
Currently there are no condos for sale in Granlibakken and there are no Granlibakken condo sales that are pending. There have been six (6) units have sold so far in 2016. Five out of the six units sold have been cash sales, and one of those sales was a short sale.
2016 Granlibakken Sales have broken down as follows:
- 2 Sales – Studio/one (1) bedroom (A/B style) units ranging in price from $180,000 to $195,000
- 3 Sales – Two (2) bedroom units ranging in price from $180,000 to $355,000*
- 1 Sales – Three (3) bedroom unit that sold for $358,800
* The sale at $355,000 had the same square footage as the three bedroom, but the listing agent did not count the open loft as a third bedroom.
Granlibakken Condos for Sale – September 2016
|
Year |
Condos Sold |
Median Average Sales Price | Average Sales Price |
Lowest Price Sold |
Highest Price Sold |
%
Cash Transactions |
% Distressed
Sales |
Breakdown
of Distressed Sales |
| 2016* | 6 Granlibakken | $236,000 | $256,800 | $170,000 | $358,800 | 83% | 16.7% | 0 REO’s
1 Short Sales (Granlibakken) |
| 2015 | 1 Granlibakken | $186,500 | $186,500 | $186,500 | $186,500 | 100% | 0% | 0 REO’s
0 Short Sales |
| 2014 | 2 Granlibakken | $317,500 | $317,500 | $242,000 | $393,000 | 100% | 0% | 0 REO’s
0 Short Sales |
| 2013 | 5 Granlibakken | $160,000 | $183,400 | $120,000 | $300,000 | 40% | 0% | 0 REO’s
0 Short Sales |
| 2012 | 4 Granlibakken | $174,500 | $178,375 | $110,000 | $254,500 | 50%
50% Seller Financing |
0% | 0 REO’s
0 Short Sales |
| 2011 | 4 Granlibakken | $149,950 | $144,612 | $120,000 | $158,550 | 100% | 0% | 0 REO’s
0 Short Sales |
| 2010 | 3 Granlibakken | $239,000 | $239,666 | $165,000 | $315,000 | 66.7% | 0% | 0 REO’s
0 Short Sales |
| 2009 | 2 Granlibakken | $328,750 | $328,750 | $328,750 | $328,750 | 50% | 0% | 0 REO’s
0 Short Sales |
| 2008 | 0 Granlibakken | $ NA | $ NA | $ NA | $ NA | 0% | 0% | 0 REO’s
0 Short Sales |
| 2007 | 2 Granlibakken | $592,500 | $592,500 | $585,000 | $600,000 | 0% | 0% | 0 REO’s
0 Short Sales |
| 2006 | 1 Granlibakken | $325,000 | $325,000 | $325,000 | $325,000 | 100% | 0% | 0 REO’s
0 Short Sales |
*YTD period is 01/01/2016– 09/26/2016.
Data Source: Tahoe Sierra Multiple Listing Service.
Data subject to change and/or correction at any time without notice.
Use caution when only a handful of sales are available in a neighborhood. The percent changes can be significant and numbers are easily moved in either direction. Using the Lake Tahoe-Truckee Regional data may be a better source for over-all market trends.
The Granlibakken complex is in a great location, close to the paved bike path, downtown Tahoe City and the Tahoe House, known for its gourmet coffee and bakery/deli.
If you’d like to buy a Granlibakken Condo, give me a call 530-414-1260 and we can figure out the best way for you to get a unit in this complex!
Want to see all Tahoe City condos for sale?
Need more options? See what condos are for sale in Lake Tahoe? Here are the current listings:
- Tahoe City Condos for Sale
- Condos for sale in a Lakefront Development
- Tahoe City Condos for Sale in a Lakefront Development
- North Shore Lake Tahoe Condos for Sale
- West Shore Lake Tahoe Condos for Sale
- Tahoe City Homes 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.
Granlibakken Condo Market Update 2016
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