Condos for Sale in Homewood Market Report – Aug 2016
Finding a condo for sale in Homewood is a challenge as there are only two (2) lakefront condominium developments that are currently built and available for buyers to choose from.
If the Homewood Mountain Resort moves forward with its development project, down the road Homewood Condo buyers will have more choices, but for now there are only the two (2) lakefront luxury condo developments in the Homewood community and the combined total of condo units between them is only sixty-five (65) units.
Fleur du Lac 4000 West Lake Blvd Homewood CA 96141 | 22 Units
Chambers Landing 6400 West Lake Blvd Homewood CA 96141 | 43 Units
One Homewood condo development is located north of the Homewood Ski Resort in Tahoe Pines – Fleur du Lac, and the second Homewood condo development is located south of the Homewood Ski Resort next to Moana Circle – Chambers Landing.
There is one small fractional shared ownership development call the Harborside Villas, located next to the West Shore Café, but that complex is very small with only three condo units in quarter share increments, and shares rarely comes on the market.
The inventory of condos for sale in Homewood is always limited and as of 09-01-2016 there were only four (4) condos for sale, three (3) in Fleur du Lac ranging in price from $4.285 million to $5.3 million. There is one condo for sale in Chambers Landing listed at $1.595 million.
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 Homewood, California:
Homewood, California is located in the heart of the West Shore of Lake Tahoe and begins approximately four (4) miles south of downtown Tahoe City on the West Shore of Lake Tahoe, California and stretches out five (5) miles along California Highway 89 South.
Like the condo market, 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 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 downtown commercial area of Homewood. Homewood is also home to the Homewood Ski Resort, where skiers enjoy panoramic views of Lake Tahoe as they ski.
Homewood is easily accessed all year-long and is a nice mix of full-time residents and second home owners.
Condos for Sale in Homewood Market Report – Aug 2016
Long-term Homewood Condo Market Data
|
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* | 0 Fleur du Lac
0 Chambers Landing |
$ NA
$ NA |
$ NA
$ NA |
$ NA
$ NA |
$ NA
$ NA |
0% | 0% | 0 REO’s
0 Short Sales |
| 2015 | 2 Fleur du Lac
0 Chambers Landing |
$2,925,000
$ NA |
$2,925,000
$ NA |
$2,750,000
$ NA |
$3,100,000
$ NA |
50% | 0% | 0 REO’s
0 Short Sales |
| 2014 | 3 Fleur du Lac
1 Chambers Landing |
$3,000,000
$1,825,000 |
$3,358,333
$1,825,000 |
$2,275,000
$1,825,000 |
$4,800,000
$1,825,000 |
50% | 0% | 0 REO’s
0 Short Sales |
| 2013 | 2 Fleur du Lac
3 Chambers Landing |
$3,787,500
$1,750,000 |
$3,787,500
$1,866,666 |
$3,675,000$1,650,000 | $3,900,000
$2,200,000 |
40% | 0% | 0 REO’s
0 Short Sales |
| 2012 | 1 Fleur du Lac
5 Chambers Landing |
$3,900,000
$1,770,000 |
$3,900,000
$1,924,000 |
$3,900,000
$1,600,000 |
$3,900,000
$2,400,000 |
66% | 0% | 0 REO’s
0 Short Sales |
| 2011 | 0 Fleur du Lac
1 Chambers Landing |
$ NA
$2,200,000 |
$ NA
$2,200,000 |
$ NA
$2,200,000 |
$ NA
$2,200,000 |
100% | 0% | 0 REO’s
0 Short Sales |
| 2010 | 0 Fleur du Lac
5 Chambers Landing |
$ NA
$2,230,000 |
$ NA
$2,193,500 |
$ NA
$1,700,000 |
$ NA
$3,037,500 |
40% | 0% | 0 REO’s
0 Short Sales |
| 2009 | 1 Fleur du Lac
0 Chambers Landing |
$3,240,000
$ NA |
$3,240,000
$ NA |
$3,240,000
$ NA |
$3,240,000
$ NA |
100% | 0% | 0 REO’s
0 Short Sales |
| 2008 | 0 Fleur du Lac
0 Chambers Landing |
$ NA
$ NA |
$ NA
$ NA |
$ NA
$ NA |
$ NA
$ NA |
0% | 0% | 0 REO’s
0 Short Sales |
| 2007 | 0 Fleur du Lac
1 Chambers Landing |
$ NA
$2,400,000 |
$ NA
2,400,000 |
$ NA
$2,400,000 |
$ NA
$2,400,000 |
100% | 0% | 0 REO’s
0 Short Sales |
| 2006 | 0 Fleur du Lac
3 Chambers Landing |
$ NA
$2,463,000 |
$ NA
$2,275,000 |
$ NA
$2,275,000 |
$ NA
$3,700,000 |
66% | 0% | 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.
Want to know what your Homewood Condo or Homewood Home is Worth? CLick Here?
If you’re hoping to find condos for sale in Tahoma, condos for sale in Meeks Bay, or condos for sale in Rubicon Bay, you’ll only find three condo developments in Tahoma with a total of 85 units between Water’s Edge, Sugarpine Parkside and Sugarpine Lakeside. You won’t find any condo developments in either Meeks Bay or Rubicon Bay as these two near-by communities only had single family homes built for these areas.
If you extend your condos search to the West Shore of Tahoe City, you’ll have more condos to choose from including Tavern Shores, Tahoe Tavern, Granlibakken, and Cedar Point.
Condo developments on the West Shore of Lake Tahoe are very limited, so if you’re a condo buyer in Homewood, or West Lake Tahoe, be prepared for a limited selection and to make a decision quickly on new listings as new inventory priced right sells quickly.
Want to see all West Shore 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.
Condos for Sale in Homewood Market Report – Aug 2016
