Tahoma Home Values | Market Report – Year End 2019

April 27, 2020 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

Tahoma Home Values | Market Report – Year End 2019

Tahoma Home Values | Market Report - Year End 2019 Here is the year-end 2019 single-family home market data for the Tahoma area on the West Shore of Lake Tahoe.

The Tahoma real estate market conditions continue to be strong and stable.

Inventory levels of available homes for sale in the greater Tahoma area remain critically low and are limited at all price points.

On January 1, 2020, there were only eighteen (18) homes for sale.

Here are the current Tahoma homes for sale, all price points on the day you are reading this informatio:

Need help as a Tahoe Buyer? Call me, Laura Allen, 530.414.1260!

Tahoma Single-family home prices declined in 2019 to $590,000 but remained above the 2017 average median price of $565,000, which keeps intact a much longer upward market trend.

What is interesting is if we looked at the Average Sales Sold Price, which is a different measurement than the median average sales price, the Average Sales Price for 2019 was $861,140, which is higher than 2018 of $645,209, and 2017 of $835,654, which is more in line with the over-all regional market trend, which has sales prices increase of just over 3%.

This means looking at larger, regional trends may be more valuable than the smaller community price trends.

You can see on the graph below that the over-all Tahoma home price trend for the average median home sold sales price, while down, is still part of a longer upward trend.

Tahoma Home Values | Market Report - Year End 2019

Tahoma single-family home prices were down in 2019, with a median average sales price of $590,000.

A frequent question I am often asked by both Buyers and Sellers is:

“What percentage of the listed price are Sellers getting on their Tahoe property?”

In 2019, Tahoma Sellers realized approximately 97.6% of their average listed median home sales price to the sold average median sales price in the greater Tahoma area.

This is slightly lower than the overall region, which was at 99.5%.

If Sellers correctly price their property, they will get close to their asking price.

Real Estate Market Homes Sold Activity for the Tahoma Area:

Year-End 2019 YTD Period: 01-01-2019 to 12-31-2019

Number of Homes Sold in Tahoma: 53
Median Average Sold Sales Price for Tahoma: $590,000
Average Sold Sales Price in Tahoma: $959,399
Sold Price Range in Tahoma: $199,000 – $10.5 million
Percent (%) List to Sold Price Ratio: 97.6%
Average Days on Market (DOM in MLS): 51 DOM
Number of Active and Available Homes for Sale in Tahoma as of 01-01-2020: 18
Pending Home Sales in Tahoma as of 01-01-2020: 4
Number of Distressed Available Listing – As of 01-01-2020: Zero (0) listings: Zero (0) Court Approval, Zero (0) Short Sale, Zero (0) REO|Bank Foreclosures

Other interesting Tahoma single-family home market observations:

Days on Market (DOM) Home marketing declined 22.7% from 2019 to 2018.

For 2019 is the number of days on the market for single-family homes dropped to 51 days down from 66 days.

The shorter the marketing time for a home, the stronger the market is for Sellers.

Inventory – Current inventory levels are critically low. Again, another sign that the market is stronger and is favoring Sellers.

Search Tahoma homes for sale by price point here:

Increased Number of Sales – The number of sales in 2019 increased with sixteen (16) more home sales over 2018 levels.

If you already own a home in the Tahoe area and want to know what is your property is worth today, or you need help as a Seller – Call Laura Allen, 530.414.1260, for a confidential consultation.

Tahoe Home Buyers should do the following:

Look at new listings as soon as they come on the market. Don’t wait until the weekend.
Be prepared to write an offer. Decisions need to be made as soon as possible.
Use a local Buyers’ Agent. Work with an experienced Tahoe Real Estate Agent. They understand the market conditions, and how other agents work and may respond, which will help you with your negotiations and strategy.
Do you have your loan approval letter? If you will need a loan, make sure your lender has approved you.
If you are buying a condo or townhome in the area, make sure you are using a local lender. Using a local lender that has recently processed a loan in the complex you want to buy in will do two things for you.
- First, you will have the confidence that the lender has already reviewed their HOA docs and previously approved the development, which will increase your odds of the same outcome.
- Second, Sellers that know you have selected a lender with this experience will give you extra credit for knowing your lender is ready to go on their property.

Did you know that the Tahoma area only has three (3) condominium developments with less than 100 units in total?

Sugarpine Lakeside

Sugarpine Parkside

Water’s Edge

Ready for more long-term data? Check out the following table of data, which goes back for more than ten (10) years.

I’ve included both the average median sales price and average sales price, which as we see in the Tahoma market does give different market trend results.

Tahoma Sold Single Family Homes

01/01/2019 – 12/31/2019 (This table is best viewed on a laptop, desktop, or a device with a larger screen.)

Year	Homes Sold	Median Average Sales Price	Average Sales Price	Days On Market	Lowest Price Sold	Highest Price Sold	% Cash Transactions	% Distressed Sales	Breakdown of Distressed Sales
2019*	53	$590,000	$861,140	51	$199,000	$10,500,000 3 Lakefronts	29%	0%	0 REO’s 0 Short Sales
2018	37	$630,000	$654,209	66	$225,000	$1,760,000 0 Lakefronts	24%	0%	0 REO’s 0 Short Sales
2017	47	$565,000	$835,654	79	$205,000	$6,175,000 3 Lakefronts	34%	2%	1 REO’s 0 Short Sales
2016	31	$437,500	$659,128	60	$192,000	$6,000,000 1 Lakefronts	35%	0%	0 REO’s 0 Short Sales
2015	49	$485,000	$689,986	143	$175,000	$8,850,000 1 Lakefronts	39%	10%	3 REO’s 2 Short Sales
2014	49	$448,000	$442,057	133	$160,000	$1,000,000 0 Lakefronts	29%	10%	2 REO’s 3 Short Sales
2013	45	$365,000	$519,078	87	$140,000	$5,300,000 1 Lakefronts	29%	9%	2 REO’s 2 Short Sales
2012	36	$259,750	$382,435	80	$76,000	$3,435,000 1 Lakefronts	28%	56%	15 REO’s 4 Short Sales
2011	37	$351,000	$375,102	108	$165,000	$675,000 0 Lakefronts	38%	38%	8 REO’s 6 Short Sales
2010	22	$378,500	$928,810	116	$161,000	$9,500,000 3 Lakefronts	38%	32%	6 REO’s 1 Short Sales
2009	17	$416,000	$577,052	121	$276,000	$1,900,000 1 Lakefront	25%	23.5%	2 REO’s 2 Short Sales 0 Court Approval
2008	23	$570,000	$733,295	135	$309,000	$4,350,000 1 Lakefront	17%	0%	0 REO’s 0 Short Sales
2007	26	$507,250	$599,838	136	$261,500	$685,000 0 Lakefronts	15%	0%	0 REO’s 0 Short Sales
2006	35	$659,000	$1,054,138	115	$310,000	$6,783,333 3 Lakefronts	14%	0%	0 REO’s 0 Short Sales

REO’s = Real Estate Owned, which is the name banks use for their bank foreclosed properties.

Short Sales = The Owner does not have the money to pay off all of the debt and asks the debt holders to take less back in order to close the sale.

*YTD period is 01-01-2019 – 12-31-2019.

Data Source: Tahoe Sierra Multiple Listing Service (TSMLS).

Year-to-date summaries are based on information from the 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 does not guarantee the data’s accuracy.

Data maintained by the TSMLSs may not reflect all real estate activity in the market. All information is deemed to be reliable but is subject to change, modification, and/or correction without prior notice.

If your property is currently listed for sale, or you have an active Buyer Representation Agreement, this is not intended as a solicitation.

Looking to buy? Want more options?

Search Homes for Sale on both the North Shore of Lake Tahoe and the West Shore of Lake Tahoe here:

Want to see past Tahoma Real Estate Market Reports?

Here are recent past market reports for single-family home sales for the entire North Lake Tahoe – Truckee homes for the region:

Want to know what is going on in the North Lake Tahoe – Truckee Condo / Townhouse market?

When you’re ready to buy, or sell in the North Lake Tahoe – Truckee Region, call Laura Allen, 530.414.1260, affiliated with Coldwell Banker, one of the top real estate brokerages in the Lake Tahoe – Truckee region!

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.

Tahoma Home Values | Market Report – Year End 2019

Tahoma Home Values | Market Report – Year End 2018

February 11, 2019 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

Tahoma Home Values | Market Report – Year End 2018

Tahoma Home Values | Market Report - Year End 2018 Looking for sold, year-end 2018 single family home market data for the Tahoma area?

Here is the year-end 2018 real estate review for Tahoma, CA.

The Tahoma real estate market conditions continue to be strong, and favor Sellers.

Inventory levels of available homes for sale in Tahoma remain critically low and limited.

Buyers have very few options, and it doesn’t matter what price point you are looking at, they are all limited.

On January 31, 2019 there were only ten (10) homes for sale.

Here are the current Tahoma

homes for sale, all price points:

Need help as a Tahoe Buyer? Call me call Laura Allen, 530.414.1260, for help!

Single family home prices move up significantly in 2018, and part of that increase was because we had a number of record lakefront sales on both the West Shore of Lake Tahoe, and the North Shore of Lake Tahoe.

Lake Tahoe lakefront homes hit new highs on the North Shore $22+ million, and on the West Shore the sold prices were even more impressive with a new high of $40 million.

You can see on the graph below that the over-all Tahoma home price trend for the average median home sold sales price move up in 2018.

Tahoma Home Values | Market Report - Year End 2018

Tahoma single family home prices were up +11.5% for 2018, with a median average

sales price of $630,000.

A common question I am often asked by Buyers and Sellers is:

“What percentage of the listed price are Sellers getting on their Tahoe property?”

In 2018, Sellers realized approximately 97% of the their average listed median home sales price to the sold average median sales price in the greater Tahoma area.

This is lower than the over-all region, which was at 98.9%.

If Sellers have priced their property correctly, they will get close to their asking price.

It also means Tahoe Buyers that want to be really aggressive on their offered price are going to have a harder time in this market.

Real Estate Market Homes Sold Activity for the Tahoma Area: Year-End 2018 YTD Period: 01-01-2018 to 12-31-2018

Number of Homes Sold in Tahoma: 37
Median Average Sold Sales Price for Tahoma: $630,000
Average Sold Sales Price in Tahoma: $654,209
Sold Price Range in Tahoma: $225,000 – $1,760,000
Percent (%) List to Sold Price Ratio: 97%
Average Days on Market (DOM in MLS): 66 DOM
Number of Active and Available Homes for Sale in Tahoma as of 01-13-2019: 10
Pending Home Sales in Tahoma as of 01-31-2019: 1
Number of Distressed Available Listing – As of 01-31-2019: Zero (0) listings: Zero (0) Court Approval, Zero (0) Short Sale, Zero (0) REO|Bank Foreclosures

Other interesting Tahoma single family home market observations:

Days on Market (DOM) declined 16.5% from 2017 to 2018.

For 2018 is the number of days on the market for single family homes is now at 66 days, down 13 days from 2017.

The shorter the marketing time for a home, the stronger the market is for Sellers.

Inventory – Current inventory levels are critically low. Again, another sign of the market favoring Sellers.

Search Tahoma homes for sale by price point here:

Lower Number of Sales – The number of sales in 2018 may have distorted the over-all increase.

It is always beneficial for Buyers and Sellers to look at the entire North Lake Tahoe – Truckee regional single family home price trend, which was up +7.45% for 2018, with a median average sales price of $721,000 (TSMLS Areas 1-9).

As a result, I recommend looking the the entire North Lake Tahoe – Truckee Region for market trends and take that into consideration when looking at smaller data sets, and area.

North Lake Tahoe – Truckee Home Values | Market Report – Year End 2018

If you already own a home in the Tahoe area and want to know what is your property is now worth? Looking for help as a Seller?

Call me call Laura Allen, 530.414.1260, for a confidential consultation.

Tahoe Home Buyers should do the following:

Look at new listings as soon as possible. Don’t wait until the weekend.
Be prepared to write an offer the same day as seeing a new listing. Decisions need to be made as soon as possible.
Use a Buyers’ Agent. Work with an experienced local Tahoe Real Estate Agent. They understand the market conditions, and how other agents work and may respond.
Do you have your loan approval letter? If you will need a loan, make sure your lender has approved you.
If you are buying a condo or townhome in the area, make sure you are using a local lender. Using a local lender that has recently processed a loan in the complex you want to buy in will do two things for you.
- First, you will have the confidence that the lender has already reviewed their HOA docs and previously approved the development, which will increase your odds of the same outcome.
- Second, Sellers that know you have selected a lender with this experience will give you extra credit for knowing your lender is ready to go on their property.

If you want more long-term real estate data, check out the following table that has a lot of data going back over ten years.

I’ve included both the average median sales price and average sales price (in some cases there is a significant difference between the two, but the trends are the same direction for both) are included for each year in the following table.

Tahoma Sold Single Family Homes

01/01/2018 – 12/31/2018

(This table is best viewed on a laptop, desktop, or a device with a larger screen.)

Year	Homes Sold	Median Average Sales Price	Average Sales Price	Days On Market	Lowest Price Sold	Highest Price Sold	% Cash Transactions	% Distressed Sales	Breakdown of Distressed Sales
2018*	37	$630,000	$654,209	66	$225,000	$1,760,000 0 Lakefronts	24%	0%	0 REO’s 0 Short Sales
2017	47	$565,000	$835,654	79	$205,000	$6,175,000 3 Lakefronts	34%	2%	1 REO’s 0 Short Sales
2016	31	$437,500	$659,128	60	$192,000	$6,000,000 1 Lakefronts	35%	0%	0 REO’s 0 Short Sales
2015	49	$485,000	$689,986	143	$175,000	$8,850,000 1 Lakefronts	39%	10%	3 REO’s 2 Short Sales
2014	49	$448,000	$442,057	133	$160,000	$1,000,000 0 Lakefronts	29%	10%	2 REO’s 3 Short Sales
2013	45	$365,000	$519,078	87	$140,000	$5,300,000 1 Lakefronts	29%	9%	2 REO’s 2 Short Sales
2012	36	$259,750	$382,435	80	$76,000	$3,435,000 1 Lakefronts	28%	56%	15 REO’s 4 Short Sales
2011	37	$351,000	$375,102	108	$165,000	$675,000 0 Lakefronts	38%	38%	8 REO’s 6 Short Sales
2010	22	$378,500	$928,810	116	$161,000	$9,500,000 3 Lakefronts	38%	32%	6 REO’s 1 Short Sales
2009	17	$416,000	$577,052	121	$276,000	$1,900,000 1 Lakefront	25%	23.5%	2 REO’s 2 Short Sales 0 Court Approval
2008	23	$570,000	$733,295	135	$309,000	$4,350,000 1 Lakefront	17%	0%	0 REO’s 0 Short Sales
2007	26	$507,250	$599,838	136	$261,500	$685,000 0 Lakefronts	15%	0%	0 REO’s 0 Short Sales
2006	35	$659,000	$1,054,138	115	$310,000	$6,783,333 3 Lakefronts	14%	0%	0 REO’s 0 Short Sales

REO’s = Real Estate Owned, which is the name banks use for their bank foreclosed properties.

Short Sales = Owner does not have the money to pay off all of the debt and asks the debt holders to take less back in order to close the sale.

*YTD period is 01/01/2018 – 12-31-2018.

Data Source: Tahoe Sierra Multiple Listing Service (TSMLS). 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 TSMLS’s may not reflect all real estate activity in the market. All information is deemed to be reliable, but is subject to change, modification, and/or correction without prior notice.

If your property is currently listed for sale, or you have an active Buyer Representation Agreement, this is not intended as a solicitation.

Looking to buy? Want more options? Search Homes for Sale in North Lake Tahoe (North Shore of Lake Tahoe and the West Shore of Lake Tahoe) here:

Want to see other Tahoma Real Estate Market Reports?

Here are recent past market reports for single family home sales for the entire North Lake Tahoe – Truckee homes for the region:

Want to know what is going on in the North Lake Tahoe – Truckee Condo / Townhouse market?

When you’re ready to buy, or sell in the North Lake Tahoe – Truckee Region, call Laura Allen, 530.414.1260, with Coldwell Banker the top real estate brokerage in the Lake Tahoe – Truckee region!

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.

Tahoma Home Values | Market Report – Year End 2018

Condos for Sale in Tahoma Market Report – Jan – Aug 2016

September 12, 2016 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

Condos for Sale in Tahoma Market Report – Jan – Aug 2016

Finding a condo for sale in Tahoma isn’t as easy as Tahoe Buyers might hope it would be. You may not know that there are only three (3) condo developments in the Tahoma community and the combined total of condo units between all of them is only eighty-five (85) units.

Water’s Edge 7001 West Lake Blvd Tahoma CA 96142 | 39 Units

Sugarpine Lakeside West Lake Blvd Tahoma CA 96142 | 20 Units

Sugarpine Parkside 7110 West Lake Blvd Tahoma CA 96142 | 26 Condo Units

One Tahoma condo development is a lakefront complex (Water’s Edge), one Tahoma condo complex is a mountainside complex (Sugarpine Parkside) and one Tahoma condo complex is a hybrid mountainside complex, with access to Lake Tahoe lakefront amenities (Sugarpine Lakeside).

The inventory of condos for sale in Tahoma is always limited and as of 09-01-2016 there were only three (3) condos for sale, all in Water’s Edge.

Tahoma Condos for Sale

Buyers wanting to get into a specific condo development may have to wait several years for a unit to come on the market.

More about Tahoma, California:

The Tahoma community is located approximately nine (9) miles south of downtown Tahoe City on the West Shore of Lake Tahoe, California between the communities of Meeks Bay and Homewood, California. Tahoma is located next to the Sugar Pine Point State Park, which is a wonderful year-around area to visit.

The Tahoma area is one of the more developed neighborhoods and offers some of the most affordable homes on West Lake Tahoe, but if you’re trying to find a condo in this area you only have these three options. You’ll find all three condominium/townhouse developments within just a couple of blocks of each other.

Tahoma is easily accessed all year-long and is a nice mix of full-time residents and second home owners.

Wondering what your Tahoma Home or Condo is Worth? Get a Free Market Analysis of your Tahoma Condo Unit here.

Condos for Sale in Tahoma Market Report – Jan – Aug 2016

Long-term Tahoma Condo Market Data

Year

Condos

Sold

Median Average Sales Price

Average Sales Price

Lowest

Price Sold

Highest

Price Sold

Cash

Transactions

% Distressed

Sales

Breakdown

Distressed

Sales

2016*

0 Water’s Edge

0 Sugarpine Lakeside

1 Sugarpine Parkside

$ NA

$375,000

$ NA

$375,000

$ NA

$375,000

$ NA

$375,000

0 REO’s

0 Short Sales

2015

1 Water’s Edge

1 Sugarpine Lakeside

1 Sugarpine Parkside

$684,000

$415,000

$369,000

$684,000

$415,000

$369,000

$684,000

$415,000

$369,000

$684,000

$415,000

$369,000

66%

0 REO’s

0 Short Sales

2014

1 Water’s Edge

2 Sugarpine Lakeside

0 Sugarpine Parkside

$530,000

$467,500

$ NA

$530,000

$467,500

$ NA

$530,000

$450,000

$ NA

$530,000

$485,000

$ NA

100%

0 REO’s

0 Short Sales

2013

0 Water’s Edge

0 Sugarpine Lakeside

2 Sugarpine Parkside

$ NA

$300,250

$ NA

$300,250

$ NA

$226,000

$ NA

$374,500

100%

50%

1 REO’s

0 Short Sales

2012

0 Water’s Edge

1 Sugarpine Lakeside

1 Sugarpine Parkside

$ NA

$350,000

$305,000

$ NA

$350,000

$305,000

$ NA

$350,000

$305,000

$ NA

$350,000

$305,000

50%

0 REO’s

0 Short Sales

2011

1 Water’s Edge

0 Sugarpine Lakeside

0 Sugarpine Parkside

$650,000

$ NA

$650,000

$ NA

$650,000

$ NA

$650,000

$ NA

0 REO’s

0 Short Sales

2010

1 Water’s Edge

0 Sugarpine Lakeside

0 Sugarpine Parkside

$840,000

$ NA

$NA

$840,000

$ NA

$840,000

$ NA

$840,000

$NA

$ NA

100%

0 REO’s

0 Short Sales

2009

1 Water’s Edge

1 Sugarpine Lakeside

0 Sugarpine Parkside

$545,000

$437,500

$ NA

$545,000

$437,500

$ NA

$545,000

$437,500

$NA

$545,000

$437,500

$NA

50%

0 REO’s

0 Short Sales

0 Court Approval

2008

0 Water’s Edge

0 Sugarpine Lakeside

0 Sugarpine Parkside

$ NA

0 REO’s

0 Short Sales

2007

0 Water’s Edge

0 Sugarpine Lakeside

0 Sugarpine Parkside

$ NA

0 REO’s

0 Short Sales

2006

0 Water’s Edge

0 Sugarpine Lakeside

1 Sugarpine Parkside

$ NA

$445,000

$ NA

$445,000

$ NA

$445,000

$ NA

$445,000

0 REO’s

0 Short Sales

2005

0 Water’s Edge

0 Sugarpine Lakeside

1 Sugarpine Parkside

$ NA

$462,500

$ NA

$462,500

$ NA

$462,500

$ NA

$462,500

0 REO’s

0 Short Sales

*YTD period is 01/01/2016– 08/31/2016.

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.

If you’re hoping to find condos for sale in Meeks Bay, or condos for sale in Rubicon Bay, you won’t find any developments in these two near-by communities, only single family homes for sale in these areas.

If you extend your condos for sale in Tahoma property search to Homewood, CA you’ll only have two more condo lakefront developments to select from: Chambers Landing and Fleur du Lac.

Condo developments on the West Shore of Lake Tahoe are very limited, so if you’re a condo buyer in Tahoma, or West Lake Tahoe, be prepared to make a decision quickly as new inventory often sells quickly if it is priced right.

Want to see all West Shore Lake Tahoe condos for sale?

Need more options? See what condos are for sale in Lake Tahoe? Here are the current listings:

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.

Condos for Sale in Tahoma Market Report – Jan – Aug 2016

Homes for Sale in Tahoma CA | August 2016

September 10, 2016 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

Homes for Sale in Tahoma CA | August 2016

Homes for sale in Tahoma CA have become more limited in our current available supply and are becoming harder to find in the more affordable price points.

If you are a Tahoma (West Shore Lake Tahoe) mountain home, cabin, or condo buyer, you need to be prepared to seriously consider new listings and make a buying decision quickly because the selection of properties is very limited compared to previous years at this time.

Tahoma homes for sale here:

Given the current Tahoma market conditions, if you are a Tahoma seller asking: What is my home worth in Tahoma? now is the time to find out your current market value.

Check out the current over-all market real estate data and trends as of 09-03-2016 to get a better idea of the current Tahoma real estate market conditions.

Real Estate Market Activity for Tahoma, California as of 09-03-2016:

Number of Homes Sold in Tahoma – 2016: 20
Median Average Sold Sales Price for 2016: $477,500
Average Sold Sales Price for 2016: $768,125
Sold Price Range for 2016: $220,000 – $6,000,000
Average Sold Sales Price to Sold Average List Price Ratio for 2016 in Tahoma: 96%
Average Days on Market (DOM) in Tahoma – 2016: 70
Number of Homes for Sale in Tahoma as of 09-03-2016: 18
Pending Sales in Tahoma 09-03-2016: 8
Number of Distressed Sales – Court Approval, Short Sales, or REO Bank Foreclosures Homes for Sale in Tahoma as of 09-03-2016: 0

The demand for cabins and mountain homes in the Tahoma area is strong. The amazing Tahoe lifestyle is one home owners want and is reflected by the continued demand by our second home buyers!

Tahoma, CA is a wonderful West Lake Tahoe community. If you don’t know much about the Tahoma area, Tahoma is close to the Sugar Pine Point State Park, Chambers Landing Beach, the Tahoe Cedars Property Owners Association beach area, Meeks Bay Resort and the Homewood Ski Resort just to name a few popular nearby Tahoe recreational areas.

The Tahoma area has great hiking, biking (dirt/off road and paved trails), world-class cross country skiing (Sugar Pine Point State Park is home to the biathlon from the 1960 Winter Olympics), boating, water sports, and is a great place to just kick back and have a BBQ on your deck!

If you are thinking of selling your Tahoma home now is a good time as Tahoma buyers are ready to buy! Want to find out what your Tahoma home is worth? Just click on the link below and you will be asked to provide us with some information on your Tahoma property and I will get you a complete home market valuation report.

FREE Market Analysis in Tahoma, CA

Why Instant Home Market Values are Most Likely Wrong in Tahoma!

Buyers and Sellers should know that while instant home market values and estimates are a growing trend on the mega real estate portals and in the Tahoe area finding exact home matches is a challenge for the following reasons:

The Tahoma area was not developed by a single home builder with thousands of similar floor models, which means each mountain home and cabin was a custom build, yes even the small studio with 500 square feet was a custom build, which means the automatic value algorithms the big websites use are not accurate, far from it, and don’t provide correct values for our area.

Instant values don’t know if a home, cabin, or condo has been updated. They have no way of knowing if there are hardwood floors, solid granite counter tops, stainless steel appliances, or updated bathrooms.
Instant values don’t know how to value lakefront property versus a split lakefront property, or lake view.
Instant values don’t know if a home has a lake view or not, and how to value that view – peek, partial, filtered, or panoramic.
Instant values don’t know how to value a flat lot versus a steep lot.
Instant values don’t know to add value for access to a Lake Tahoe lakefront home owner (HOA) recreational amenities (beach, pier or buoy access), pool, or tennis courts.
Instant values don’t know how to add value for ski-in/ski-out, mountain, or valley views.
Instant values don’t know how to really adjust for properties that have a carport, one car garage, two car garage, or more for the Tahoe area. Our value is much more because of our winters and the additional cost to build and engineer for the snow load our structures will have to endure. Instant values also don’t know the local rules, regulations, and other restrictions that may prevent building a garage, there by making properties with a garage more valuable and desirable.
Instant values don’t know how to adjust our California property tax values because of Prop 13 and how that skews the value system as properties are not updated with current market values each year in the State of California.
Instant values don’t know how to adjust for arms’ length “on the market” sales transactions versus private sales, or the changing of ownership because of divorce, death, or just the simple transfer of an individual to their trusts. The value model sees these all the same and as a sale, even though the public transfer of title was an internal change and not a real sale.
Instant values don’t know how to adjust for road noise, or the proximity of a property to busier roads in the Tahoe area.
Instant values don’t know how to adjust for floor plan styles – standard ceiling height versus valuated ceilings, open great room versus a galley kitchen separated from the main living areas.
Instant values don’t know how to adjust for backing up to open space versus a neighbor that hasn’t cleaned up their yard, or improved their home in years.

Local real estate data and information are key is the proper determination on current market value.our home and it is an old-school method of knowing the local inventory and knowing what has recently sold for comparison purposes.

We know that each Tahoma property is unique and we want to make sure the Tahoma mountain home, cabin, or condo gets all of the credit and value it deserves for all of those special features it may have. We also want to make sure we haven’t over-valued a property if it is missing features that add value.

As a Tahoma real estate home buyer or seller you should be aware of the following:

Tahoma homes that are selling quickly have several characteristics in common:

Well maintained property inside and out
Updated and/or upgraded
Clean, uncluttered, warm and inviting
Ready to show at all times
Priced according to the current market conditions

What can make a Tahoma mountain home or cabin stand-out from the rest? What are the hot-button features Tahoe Second Home Buyers are looking to find?

Kitchen – Newer Updated/Upgraded: solid granite counter tops and stainless steel appliances
Open Floor Plan – The open, great room concept is in demand here
Hardwood floors in the main living areas
Bathrooms – Newer Updated/Upgraded
Energy Efficiency – newer windows, smart home technology, well maintained mechanics
BMP Certificate – Tahoe Regional Planning Agency (TRPA) Best Management Practices (BMP) Work
Fireplace – Gas Log, or Wood Burning in the living room
Garage – Two car preferred, but one car will do (even a carport is a plus)
Mountain – Cabin vibe
Optional Home Owner Association (HOA) for Lake Tahoe: recreational water access and amenities – beach, pier, buoy rental option
Backs to, or is next to open space
Lake Views
Lakefront

If you’re thinking of buying a Tahoma home it will be more valuable if it has any of these updates, and/or features.

Get a FREE Home Evaluation for your Tahoma Home Here

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 Tahoma CA August 2016

What is my home worth in Tahoma | Year End 2015

February 8, 2016 By Laura Allen, Broker Associate, Tahoe Real Estate Agent, CA RE 01473598 | 530-414-1260

What is my home worth in Tahoma | Year End 2015

What is my home worth in Tahoma? Are you curious? Check out the current over-all market real estate data as of 02-02-2016 to get a better idea of the Tahoma real estate market conditions.

Real Estate Market Activity for Tahoma, California as of 02-02-2016:

Number of Homes Sold in Tahoma – 2015: 16
Median Average Sold Sales Price for 2015: $479,00
Average Sold Sales Price for 2015: $682,113
Price Range: $175,000 – $8,850,000
Average Sold Median Sales Price to Sold Median List Price Ratio for 2015 in Tahoma: 95%
Average Days on Market (DOM) in Tahoma – 2015:
Number of Homes for Sale in Tahoma as of 02-02-2016: 16
Pending Sales in Tahoma 02-2-2016: 1
Number of Distressed Sales – Court Approval, Short Sales, or REO Bank Foreclosures Homes for Sale in Tahoma as of 02-02-2016: 1

The demand for cabins and mountain homes in the Tahoma area is strong because of the amazing Tahoe lifestyle it offers!

Tahoma, CA is a wonderful West Lake Tahoe community. Tahoma is close to the Sugar Pine Point State Park, Chambers Landing, the Tahoe Cedars Property Owner Association beach area, Meeks Bay Resort and the Homewood Ski Resort just to name a few popular nearby Tahoe recreational areas.

Are you ready to find out what your Tahoma home is worth? Just click on the link below and you will be asked to provide us with some information on your Tahoma property and I will get you a complete home market valuation report.

FREE Market Analysis in Tahoma, CA

While instant home values and market estimates are a growing trend, the reason you’re here is you know most of those instant home values for the Tahoma area that you find on-line are not accurate, and when it comes to money, accuracy matters!

Let’s take the time to make sure we have the right data and information on your Tahoma property, before we provide a real market valuation estimate for your home.

We know that each Tahoma property is unique and we want to make sure your mountain home gets all of the credit and value it deserves for all of those special features.

Tahoma homes that are selling quickly have several characteristics in common:

Well maintained property inside and out
Updated and/or upgraded
Clean, uncluttered, warm and inviting
Ready to show at all times
Priced according to the current market conditions

What can make your Tahoma mountain home or cabin stand-out from the rest? What are the hot-button features Tahoe Second Home Buyers are looking to find?

Kitchen – Newer Updated/Upgraded: solid granite counter tops and stainless steel appliances
Open Floor Plan – The open, great room concept is in demand here
Hardwood floors in the main living areas
Bathrooms – Newer Updated/Upgraded
Energy Efficiency – newer windows, smart home technology, well maintained mechanics
BMP Certificate – Tahoe Regional Planning Agency (TRPA) Best Management Practices (BMP) Work
Fireplace – Gas Log, or Wood Burning in the living room
Garage – Two car preferred, but one car will do (even a carport is a plus)
Mountain – Cabin vibe
Optional Home Owner Association (HOA) for Lake Tahoe: recreational water access and amenities – beach, pier, buoy rental option
Backs to, or is next to open space
Lake Views
Lakefront

If you’re thinking of selling your Tahoma home it will be more valuable if your property has any of these updates, and/or features.

Get a FREE Home Evaluation for your Tahoma Home Here

As a Tahoma Seller did you know that more than 92%+ of Tahoe home buyers will begin their home search on the internet? Now, more than ever your mountain home needs to have the best on-line exposure, presentation, and coverage possible.

On-line marketing is so much more than just entering your property data and a few photos in the Tahoe Sierra Multiple Listing Service (TSMLS). Internet marketing is far more advanced than just having limited, or incomplete property profile data/information, with poor home photos syndicated out to a few mega real estate websites.

Long gone are the days of only putting in the bare minimum property information details with the hope that buyers will call your agent to get their questions answered. Serious buyers view an on-line listing with limited and/or incomplete information as a negative, and that the property may have something to hide.

Tahoe Seller Tip – Provide as much information and property details as you can on your property. The more, the better!

Tahoe Seller Tip – On-line Curb Appeal, pick the best photo that will get buyers to click on your home listing and get more information.

You may not have thought about how important your first position photo is to a potential buyer, but the Internet has become your very first showing to home buyers. It is critical that your first photo have on-line curb appeal and sends the right message about your property!

Every time your home is viewed on-line that Tahoe buyer is making that critical first impression decision on whether or not to have your Tahoma home on their short list of properties to see when they come to Lake Tahoe.

Tahoe Seller Tip – Only use the best photographs to market your Tahoe Property!

To achieve the broadest world-wide Internet marketing exposure and presence, your Tahoma property needs a combination of a fully completed TSMLS property profile, social media, blogging, and video exposure. Experienced real estate agents that understand a strong on-line marketing plan when combined with other key traditional home marketing strategies can really make a difference in getting the word out about your Tahoma home for sale.

What is my Home Worth in Tahoma?

Ready to make Tahoma your second home? Check out what is for sale here:

Need to expand your Tahoma home buying options? Check out the entire West Shore of Lake Tahoe here:

Need more help in trying to figure out your greater Tahoma and West Lake Tahoe home buying options?

Do you want help figuring out the neighborhoods, and the ones that will best meet your needs? Call me at 530.414.1260 and I can help you find the right place to buy!

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

All information is deemed reliable, but is subject to change, and/or correction without notice.
Buyers and Sellers should investigate and verify all information to their own satisfaction.

What is my home worth in Tahoma | Year End 2015