Traffic Delays between Homewood and Tahoma, West Lake Tahoe, CA

April 3, 2013 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

Traffic Delays between Homewood and Tahoma, West Lake Tahoe, CA

Beginning April 1, 2013, road construction will begin again on the West Shore of Lake Tahoe between Homewood and Tahoma, California.

There is a local Tahoe joke about only having two seasons: winter and orange cone. Okay, it’s a little funny to only have winter and road construction as your two seasons, but the reality is, road construction is never fun, so expect traffic delays on the West Shore of Lake Tahoe between Homewood and Tahoma this spring, summer and fall 2013.

This Tahoe road construction work is a multi-year project that began last summer and will not be completed until 2016. Southwest Gas has begun putting in a new natural gas pipe line, along with the California Department of Transportations’ installation of a new storm water system along Highway 89 South.

This year’s work will begin April 1, and end in November 2013, so you’ll have road construction along the West Shore of Lake Tahoe for the rest of the year.

If you’ll be traveling along the West Shore of Lake Tahoe (West Lake Tahoe), expect up to 20 minute delays in each direction Monday – Thursday 7 a.m. – 7 p.m. between the Homewood to Tahoma, California area on Highway 89 South.

Traffic will be restricted to single lane passage at different points, and once that traffic backs up, you can expect traffic to be bunched up in intervals as it moves along the West Shore.

What that means to you even if you are not traveling along the West Shore is that you’ll hit heavy traffic at the “Y” in Tahoe City as those large groups of cars travel together causing additional delays in other areas that don’t have road construction. It’s the domino effect here at work in our Tahoe area, which means you’ll have heavy traffic at times along the Truckee River corridor and along the North Shore.

If you’ll be traveling in the Tahoe area add extra travel time to get to your destination. You’ll save yourself a lot of frustration and reduce the stress of the delays. Be safe everyone!

For more information check out www.TahoeRoads.com

Be prepared for traffic delays between Homewood and Tahoma in West Lake Tahoe, California this summer!

Thinking about making Homewood, California your second home? Check out the homes and condos that are for sale in Homewood 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.

Traffic Delays between Homewood and Tahoma, West Lake Tahoe, CA

Homewood Homes for Sale Market Report – Year End 2012

January 19, 2013 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

Homewood Homes for Sale Market Report – Year End 2012

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

Homewood Homes Sold Market Report – Year End 2012:

Sold Sales: Homewood had 34 single family homes sold in 2012, which is a 10% increase in volume over 2011 levels.

The Homewood single family home sales price remained flat with an average median homes sales price of $495,000. The median average days on market was 114 DOM.

Cash Sale Transactions: The number of cash sale transactions for the Homewood area decreased to 26%, which is well below the Tahoe- Truckee Regional average of 34%, or 1 out of every 4 home sold in Homewood area was a cash buyer.

Absorption Rate: The current absorption rate is at 9 months, which indicates a Buyers’ market as of 01/15/2013.

Distress Sales:Distress sellers (bank foreclosures- real estate owned (REO’s) and short sales) has declined and dropped to 9% of all homes sold in 2012, which is a 53% improvement over 2011.
distressed levels.

Active Homes for Sale: There were 9 Active– available homes for sale in the Homewood area as of 01/15/2013. They ranged in price from $299,000 to $6.995 million, with an average median asking sales price of $1,250,000.

Of the 9 homes offered for none (Zero – 0) short sales, no (Zero – 0) REO (Bank Foreclosure) listings, but 1 listing is a court approval sale or only 11% of the current listings are distressed, which is a clear sign that the market is stabilizing.

Pending Home Sales: There are three (3) pending home sales in the Homewood area and they range from $309,950 to $550,000. There is one (1) is a short sale, and no (Zero -0) REO/Bank Foreclosures.

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

More about Homewood, California:

The Homewood area is one of the older neighborhoods on the West Shore. Chambers Landing Bar and Pier is a well-known landmark since the late 1800’s. Obexer’s Marina was established in 1911 and is another familiar landmark in the area. Homewood is also home to the Homewood Ski Resort, where skiers enjoy panoramic views of Lake Tahoe as they ski.

The Homewood area is a mix of smaller, classic old Tahoe cabins to luxurious lakefront estates. Some of the more well-known neighborhoods in the Homewood, California, area are:

What is interesting about the Homewood area is almost all of the neighborhoods in the Homewood area have, or offer a local homeowners association giving property owners access to a Lake Tahoe beach area. Some HOA groups also offer access to a shared pier, buoy rental options, pool, and tennis courts depending on the association and their amenities.

Centrally located between Tahoe City and Tahoma on the West Shore of Lake Tahoe, the Homewood community is close to public beaches, hiking trails, golf courses, skiing, restaurants, and shopping.

Homewood Homes for Sale Market Report – Year End 2012

Need more home buying options? Think about making the the West Shore of Lake Tahoe your second home:

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.

Homewood Homes for Sale Market Report – Year End 2012

Traffic Delays in Homewood, California

July 28, 2012 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

Traffic Delays in Homewood, California

The locals in Tahoe have a running joke – we have two seasons: winter and orange cone. Okay, it’s not that funny, road construction never is, so expect traffic delays in Homewood, California this year.

I don’t care where you live, the sight of the orange safety cones moving two lanes of traffic into one, is never a good sign. Even here in Tahoe the orange cones mean traffic delays, slow going, and it puts the level of driver frustration right up there with the hot summer temperatures.

I know it needs to be done. Our Tahoe roads take a real beating in the winter months with our snow removal, tire chains, and studded snow tires. It’s just hard to sit in traffic crawling alone at the pace of a snail while our beautiful Tahoe summer day slips by – ugh!

If you’ll be traveling along the West Shore of Lake Tahoe (West Lake Tahoe), expect up to 20 minute delays in each direction Monday – Thursday 7 a.m. – 7 p.m. in the Homewood, California area on Highway 89 South.

Southwest Gas has begun putting in a new natural gas pipe line, along with the California Department of Transportations’ installation of a new storm water system along Highway 89 South. While they are working on it, the road becomes a single lane and it is backing up traffic in both directions in Homewood, California.

Once that traffic backs up, you can expect traffic to be bunched up in intervals as it moves along. That means heavy traffic at the “Y” in Tahoe City as those large groups of cars travel together causing additional delays in other areas that don’t have road construction. It’s the domino effect here at work in our area.

The actual work begins just past Fleur du Lac in the Tahoe Pines neighborhood of Homewood, California, so be prepared for delays. I have heard that this project is multi-year, and while they will stop the construction work in October, it will return again next year.

Traffic Delays in Homewood, California

Expect additional road construction delays between Tahoe City and Truckee, California on Highway 89 South. They have begun the repaving process along this thirteen (13) mile stretch of road. You can expect up to 20 minute delays in each direction as the road work is done. This project is due to be completed by late fall 2012.

If you’ll be traveling in the Tahoe area add extra travel time to get to your destination. You’ll save yourself a lot of frustration and reduce the stress of the delays. Be safe everyone!

Be prepared for traffic delays in the Homewood, California area this year!

Thinking about making Homewood, California your second home? Check out the homes and condos that are for sale in Homewood 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.

Traffic Delays in Homewood, California

Homewood, California Homes for Sale, Market Trend Report March 2012

March 29, 2012 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

Homewood, California Homes for Sale, Market Trend Report March 2012

Thinking of buying a home for sale in Homewood, CA area? The Homewood, California community is located approximately 5 miles south of downtown Tahoe City on the West Shore of Lake Tahoe, California and stretches out about 4 miles along California Highway 89 South. Homewood, California is located in the heart of the West Shore of Lake Tahoe.

Homewood Homes and Condos for Sale:

You’ll typically find a limited selection of Homewood homes, cabins, and lakefront properties for sale at anyone given time due to the limited development along this portion of West Lake Tahoe.

The Homewood area is a mix of smaller, classic old Tahoe cabins to luxurious lakefront estates. Some of the more well-known neighborhoods in the Homewood, California area are:

You may not know that almost all of the neighborhoods in the Homewood area have a local homeowners association giving property owners access to a beach area. Some HOA groups also offer access to a shared pier, buoy rental options, pool, and tennis courts depending on the association. Having an HOA association adds value to a Lake Tahoe property and the more amenities the HOA offers the larger the market premium for that location and property.

Centrally located between Tahoe City and Tahoma on the West Shore of Lake Tahoe, the Homewood community is close to public beaches, hiking trails, golf courses, skiing, restaurants, and shopping.

Homewood, California 96141 Homes for Sale – Sold Single Family Homes West Shore, Lake Tahoe, California:

In the Homewood area, mountain home and cabin prices are down – 1% for 2012, with the average median sales price at $490,000. Since 2007, Homewood homes for sale have dropped in value -44%. While home prices are down slightly for 2012, Homewood homes for sale saw a price gain of +9% over 2010. This turn-around in the current price trend can be seen in the follow chart.

Homewood, California Homes for Sale, Market Trend Report March 2012

Cash sale transactions for Homewood homes for sale have dropped in 2012, but in 2011 was running close to Tahoe-Truckee regional average of 34%, indicating cash buyers are still finding value in our area and buyers needing financing are finding it more available.

The current absorption rate for the Homewood area homes for sale is at 7.75 months. Anything above 7 months is considered a Buyers’ Market. This market is very close to becoming a Balanced Market, which is the first step to turning a community around and providing some price stability for the homes for sale in the Homewood, CA.

Distress sales (bank foreclosures – real estate owned (REO’s) and short sales) accounted for 20% of all Homewood homes for sale, which is well below distress rate of other nearby neighborhoods. That means the Homewood area is in a position to recovery quicker as the entire region moves back to a more traditional market.

There were 16 Active – available Homewood homes for sale in the West Lake Tahoe, California area as of 03/21/2012. The homes currently available for sale range in price from $249,000 to $6,995,000.

Of the 16 Homewood homes offered for sale there are 0 REO listings, 1 short sale, and 1 court approval listing accounting for 13% of the market. There is 1 pending sale in the Homewood area as of 03/21/2012, and it was listed at $500,000.

See Homewood, California lakefront property, mountain homes, and cabins for sale here.

Sold Homewood, California, Homes, West Lake Tahoe Real Estate Summary:

Year	Homes Sold	Median Average Sales Price	Lowest Price Sold	Highest Price Sold	% Cash Transactions	Absorption Rate < 5 months Sellers Mkt 5-7 months balanced Mkt >7 months Buyer’s Mkt	% Distressed Sales	Breakdown of Distressed Sales
2012*	5	$490,000	$219,000	$1,370,000 0 Lakefronts	20%	7.75 months Sellers’ Market	20%	0 REO’s 0 Short Sales 1 Trustee Sale
2011	31	$495,000	$295,000	$4,400,000 4 Lakefronts	32%	NA	19%	4 REO’s 2 Short Sales
2010	28	$453,000	$260,000	$6,000,000 2 Lakefronts	36%	NA	25%	6 REO’s 1 Short Sales
2009	27	$650,000	$295,000	$4,750,000 3 Lakefront	44%	NA	19%	2 REO’s 2 Short Sales 1 Court Approval
2008	6	$621,000	$515,000	$1,525,000 0 Lakefronts	17%	NA	0%	0 REO’s 0 Short Sales
2007	19	$874,000	$435,000	$7,000,000 3 Lakefronts	26%	NA	0%	0 REO’s 0 Short Sales
2006	20	$830,000	$465,000	$2,095,000 0 Lakefronts	15%	NA	0%	0 REO’s 0 Short Sales

*YTD period is 01/01/2012 – 03/21/2012. Data Source: Tahoe Sierra Multiple Listing Service.

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.

Thinking of selling your Homewood real estate, call Laura, your Lake Tahoe Real Estate Agent and get your Homewood Home value here!

Note: 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 TMLS’s may not reflect all real estate activity in the market. All information is deemed to be reliable, but is subject to change and/or correction without prior notice. Data Source – Tahoe Sierra Multiple Listing Service (TSMLS). If your property is currently listed for sale, or you have an active Buyer Representation Agreement, this is not intended as a solicitation.

Thinking about making the the West Shore of Lake Tahoe your second home?

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.

Homewood, California Homes for Sale, Market Trend Report March 2012

Homewood, California homes for sale, West Shore, Lake Tahoe, 96141

March 23, 2012 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

Homewood, California homes for sale, West Shore, Lake Tahoe, 96141

Looking for West Lake Tahoe real estate for sale? Take a look at the Homewood, California mountain homes, cabins, and lakefronts that are for sale. The Homewood community begins approximately 5 miles south of Tahoe City and stretches out about 4 miles. Homewood, California is located in the heart of the West Shore of Lake Tahoe. Access to this area is via California Highway 89 South.

You’ll typically find a limited selection of Homewood homes, cabins, and lakefront properties for sale at anyone given time due to the limited development along this portion of the West Shore.

The Homewood area is a mix of smaller, older Tahoe cabins to luxurious lakefront properties.

Centrally located between Tahoe City and Tahoma on the West Shore of Lake Tahoe, the Homewood community is close to public beaches, hiking trails, golf courses, skiing, restaurants, and shopping.

Currently Homewood homes range in price from $250,000 – $6.995 million. In 2011, thirty-one (31) homes were sold.

Thinking about making Homewood, California your second home? Check out the homes and condos that are for sale in Homewood 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.

Homewood, California homes for sale, West Shore, Lake Tahoe, 96141