Tahoe Pines, Homewood, CA 96141 Real Estate Market Trends December 2013

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

Tahoe Pines, Homewood, CA 96141 Real Estate Market Trends December 2013

Here are some current real estate market trends and data for the Tahoe Pine neighborhood of Homewood, California 96141 area for December 2013.

This is my local view of what the Tahoe Pines, Homewood housing market is really doing.

Limited inventory in the Tahoe Pines, Homewood area continues to provide higher pricing support for home sales. The Tahoe Pines, Homewood area is becoming harder to get into with the starting price at just under $600,000, making it one of the more expensive communities on the West Lake Tahoe real estate market to get into with a current home price range of $599,000 to just under $1.3 million (as of 12/02/2013).

The high-end luxury market has been stronger with good Tahoe Pines, Homewood lakefront sales, with one pending sale, with a listed sales price of $4.995 million.

The entire West Lake Tahoe area has improved and as we move into our winter season serious Homewood home buyers may find the selection of mountain homes and cabins for sale very limiting, which may turn out to be a great opportunity for Tahoe Pines, Homewood sellers who decide to put their properties on the market this winter and take advantage of lack of inventory.

Current Real Estate Inventory in Tahoe Pines, Homewood, California 96141 for Single Family Home Sales, December 2013:

Tahoe Pines, Homewood Homes Available for Sale as of 12/02/2013:

4 Single Family Homes currently listed for sale – Standard Sale
0 Single Family Homes currently listed for sale – Short Sale
0 Single Family Homes currently listed for sale – Bank owned/foreclosed – REO (Real Estate Owned)
0 Single Family Home currently listed for sale – Court Approval
0 Lakefront Homes currently listed for sale
$599,000 to $1,299,000 is the Price Range of Single Family Homes listed for sale
$922,000 Average Median Listed Sales Price for Single Family Homes Currently on the Market for Sale
$1,094,500 Average Listed Sales Price for Single Family Homes Currently on the Market for Sale
183 DOM (Days on Market) for Single Family Homes on the Market for Sale

Tahoe Pines, Homewood, California 96141 Pending Home Sales as of 12/02/2013

1 Single Family Homes are Pending Sale – (Under Contract and in Escrow)
$4,995,000 is the Price Range of Pending Single Family Homes listed for sale
$4,995,000 Average Median Listed Sales Price for Single Family Homes – Pending Sales
$4,995,000 Average Listed Sales Price for Single Family Homes – Pending Sales
1 Lakefront Homes Pending Sales (Under Contract and in Escrow – Median Sales Price $4,995,000)
189 DOM (Days on Market) for Single Family Homes on the Market Pending Sales

Tahoe Pines, Homewood, California 96141 Homes Sold for 2013 (01/01/2013 – 12/02/2013)

10 Single Family Homes Sold in 2013
0 Lakefront Homes Sold in 2013 (Median Sales Price – Not Available)
$280,000 to $1,200,000 is the Price Range of Single Family Homes Sold in 2013
$553,000 Average Median Sold Sales Price for Single Family Homes – Sold (97% of List/Sold Price)
$629,300 Average Sales Price Sold for Single Family Homes – Sold (96.5% of List/Sold Price)
90 DOM (Days on Market) for Single Family Homes on the Market for Sale
33.3% were Cash Sales, or 1 out of every 3 sales was a cash buyer

All of the Tahoe Pines, Homewood data comes from the Tahoe Sierra Board of REALTORS® data base and is subject to change and/or correction without notice.

The Tahoe Pines, Homewood real estate market conditions are local. Talk to a local Homewood Tahoe real estate agent / Homewood Tahoe REALTOR® to get the most up-to-date neighborhood and market conditions if you are considering buying, or selling.

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 – Truckee, CA

All information is deemed reliable, but is subject to change, and/or correction without notice.

Tahoe Pines, Homewood, CA 96141 Real Estate Market Trends December 2013

Homes for sale in Tahoe Pines, Homewood, CA 96141

June 28, 2013 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

Homes for sale in Tahoe Pines, Homewood, CA 96141

The Tahoe Pines neighborhood of Homewood, California is located approximately five (5) miles south of the “Y” in Tahoe City on the West Shore of Lake Tahoe.

The Tahoe Pines area is a small, West Shore neighborhood, that is just a couple of miles north of the Homewood Ski Resort. This West Shore neighborhood is close to Lake Tahoe recreational activities such as boating, hiking, biking (dirt and paved trails), tennis, golf, skiing, shopping, and restaurants.

The Tahoe Pines neighborhood has approximately 464 parcels in the Tahoe Pines neighborhood with approximately 12 lakefront properties. The Tahoe Pines area is a mix of smaller, older, charming Tahoe cabins, to larger, newer luxury mountain homes, with a limited number of lakefront properties.

Lakefront homes in the Tahoe Pines area are highly sought after as they are not directly located on Highway 89 South. Lakefront homes in Tahoe Pines are located on Belleview Avenue. Since they are away from the main highway their setting lacks highway road noise and there is only local traffic in the area, not the high-volume traffic on Highway 89 South.

Property owners in the Tahoe Pines area do have the option to join a local home owners group that has access to a gated shared pier, located at the end of Grand Avenue.

The Tahoe Pines neighborhood is a favorite with second home owners because it has more of a mountain – forest feel to it, and when it snows, home owners really know that they are living near a ski resort area!

As of 06/27/2013 homes for sale in Tahoe Pines area range from $625,000 to $5.65 million.

If you’d like to what your Tahoe Pines home is worth, call me for a confidential consultation at 530-414-1260

If you’re looking to buy a home on the West Shore of Lake Tahoe, call me. As a Tahoe buyers’ agent I can show you homes not only in Tahoe Pines, but in all of the neighborhoods on the West Shore such as Tahoma, Chamberlands, Meeks Bay, Rubicon Bay, Homewood, McKinney Shores, Tahoe Swiss Village, Tahoe Park, Talmont, Tahoe Sierra Estates, and Tahoe City!

If you’re looking for old Tahoe charm and a nice mountain setting check out the Tahoe Pines neighborhood in Homewood, California 96141!

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.

Homes for sale in Tahoe Pines, Homewood, CA 96141

Tahoe Pines, Homewood, West Shore, Lake Tahoe, California Real Estate Market Report – November 2011

November 20, 2011 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

Tahoe Pines, Homewood, West Shore, Lake Tahoe, California Real Estate Market Report – November 2011

The Tahoe Pines neighborhood of Homewood, California is located approximately 5 miles south of Tahoe City on the West Shore of Lake Tahoe.

Tahoe Pines, Homewood, California - West Shore, Lake Tahoe California

The Tahoe Pines area is one of the older neighborhoods in Lake Tahoe and was established in 1911. It is a small, West Shore neighborhood, that is just a couple of miles north of the Homewood Ski Resort.This West Shore neighborhood is close to Lake Tahoe recreational activities such as boating, hiking, biking (dirt and paved trails), tennis, golf, skiing, shopping, and restaurants. It is also home to Fleur du Lac, a small, exclusive, gated group of townhomes, which is where the movie The Godfather II was filmed back in the early 1970’s.

The Tahoe Pines neighborhood is a mix of smaller, older, Tahoe cabins, to larger, newer luxury mountain homes, with a limited number of lakefront properties. Home owners do have the option to join a local home owners group that has access to a gated shared pier, located at the end of Grand Avenue. This second home neighborhood has more of a mountain – forest feel to it, and when it snows, home owners really know that they are living near a ski resort area.

Sold Single Family Homes in the Tahoe Pines neighborhood West Shore, Lake Tahoe, California:

In the Tahoe Pines area, mountain home and cabin prices are up significantly this year, with the average median sales price at $655,000. While home prices are up, sales for 2011 have been slower, but could come close to 2010 sales levels if all pending sales close by the end of the year.

Cash sale transactions for the Tahoe Pines area has doubled to 50%, indicating buyers are still finding good real estate values in the Homewood area, and willing to place their investment dollars here.

The number of homes going into escrow with in the first 30 days of being listed in the Tahoe Sierra Multiple Listing Service (TSMLS) has also increased to 1 out of every 2 Tahoe Pines homes sold. Sending a message to buyers, if it’s a deal and you’re interested, you need to write your offer up now.

Distress sales (bank foreclosures- real estate owned (REO’s) and short sales) accounted for 25%, which is a significant improvement over 2010, where 62.5% of all homes and cabins sold were REO sales in this neighborhood.

There were 6 Active – available homes for sale in just the Tahoe Pines, Homewood, West Shore, Lake Tahoe, California area as of 11/08/2011. They ranged in price from $340,000 to $6.495 million.Of the 6 homes offered for sale there are no REO, or short sale listings. There are 3 pending sales in the Tahoe Pines, Homewood area as of 11/08/2011, ranging in price from $325,000 to $1,395,000.

Want to know what Tahoe Pines, lakefronts, mountain homes, and cabins are for sale?

Tahoe Pines, West Shore, Lake Tahoe, California, Real Estate Summary for Sold Single Family Homes:

Year

Homes

Sold

Median Average Sales Price

Lowest

Price Sold

Highest

Price Sold

% Cash

Transactions

Homes

into escrow with in 30 days of being

listed in TSMLS

%Distressed

Sales

Breakdown

of distressed

Sales

2011*

$655,000

$450,000

$899,000

0 Lakefronts*

50%

More than

1 out of 2

25%

1 REO’s

0 Short Sales

2010

$377,450

$260,000

$5,450,000

1 Lakefronts

25%

1 out of 4

62.5%

5 REO’s

0 Short Sale

*YTD period is 01/01/2011 – 11/08/2011. Data Source:Tahoe Sierra Multiple Listing Service. One lakefront in Tahoe Pines did sell this year, but was not reported in the MLS, so it is not included in this data.

Remember when we have only a handful of sales in a neighborhood, the increase and decrease swings in the percent changes can be significant. Numbers are easily moved in either direction depending on the combination of homes sold. When reviewing neighborhood data, I recommend reviewing the overall Lake Tahoe, California area, or the entire Lake Tahoe – Truckee Region to confirm trends and direction, rather than relying on just a small group of sales.

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.

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