Tahoe Swiss Village Archives

Tahoe Swiss Village, Homewood, West Shore, Lake Tahoe, California Real Estate Market Report – December 2011

The Tahoe Swiss Village neighborhood of Homewood, California is located approximately 5.5 miles south of Tahoe City on the West Shore of Lake Tahoe.

The Tahoe Swiss Village area is a small, West Shore neighborhood, that is next door to the Tahoe Pine neighborhood and 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 Swiss Village neighborhood is a mix of smaller, older, Tahoe cabins, along with larger, newer luxury mountain homes. There are a limited number of split lakefront properties in this neighborhood. Most of the owners in the Tahoe Swiss Village are members in the local home owners group that is very desirable with its own gated beach area, two shared piers, and buoys, located directly off Highway 89 South. This vacation-resort, second home neighborhood has a mountain 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 Swiss Village neighborhood West Shore, Lake Tahoe, California:

In the Tahoe Swiss Village area, mountain home and cabin prices are up down this year, with the average median sales price at $829,000. With so few sales, it’s hard to make any hard trend direction conclusions, but the number of sales in this area are up this year, which is always a positive sign, even if prices are lower.

Cash sale transactions for the Tahoe Swiss Village area stayed the same as 2010 with all sales being financed by either conventional or private financing.

The number of homes going into escrow with in the first 30 days of being listed in the Tahoe Sierra Multiple Listing Service (TSMLS) was the same for 2011, and 2010, which was none.This means all homes sold took longer than 30 days to sell.

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 2 Active – available homes for sale in the Tahoe Swiss Village, Homewood, West Shore, Lake Tahoe, California area as of 11/14/2011. They ranged in price from $475,000 to $1,025,000.Of the 2 homes offered for sale neither are no REO, or short sale listings. There are no pending sales in the Tahoe Swiss Village, Homewood area as of 11/15/2011.

Want to know what Tahoe Swiss Village, split lakefronts, mountain homes, and cabins are for sale?

Tahoe Swiss Village, West Shore, Lake Tahoe, California, Real Estate Summary

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*

$829,000

$463,000

$1,170,000

0 Split Lakefronts

0 REO’s

0 Short Sales

2010

$1,050,000

0 Split Lakefronts

0 REO’s

0 Short Sale

*YTD period is 01/01/2011 – 11/14/2011. Data Source: Tahoe Sierra Multiple Listing Service.

Use caution when only a handful of sales are available in a neighborhood.The increase and decrease 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 market trends and direction, rather than relying on just a small group of neighborhood sales.

Thinking about buying a West Shore, Lake Tahoe lakefront, mountain home, or cabin? Call me I can help you!

Some West Shore neighborhoods may not have any properties for sale right now. If there is an area you like, but we don’t have any mountain homes ,or cabins listed for sale right now, call me – Laura 530.414.1260. I can make sure you are updated when new listings come on the market in that neighborhood.

If you’d like more Lake Tahoe – Truckee, California real estate information, read Tahoe Laura’s Luxury Homes most recent real estate newsletter. If you’d like a copy emailed to you, just write to Laura@TahoeLaura.com and type in the subject line “newsletter”.

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?

Tahoe Swiss Village, Homewood, West Shore, Lake Tahoe, California Real Estate Market Report – December 2011