Homewood Homes for Sale Market Report – Year End 2012 - Lake Tahoe

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