Meeks Bay, California, Real Estate Market Report – September 2012 - Lake Tahoe

Meeks Bay, California, Real Estate Market Report – September 2012

The Meeks Bay, California area is a small, West Lake Tahoe community that is just north of Rubicon Bay and just south of Tahoma, California.

The Meeks Bay neighborhood has less than 300 parcels. It is a mix of smaller, older, Tahoe cabins, along with larger, newer luxury mountain homes. The Meeks Bay area has lakefront (waterfront), lake-side, and mountain-side homes.

The Meeks Bay area is known for the beautiful inviting blue waters of Lake Tahoe, white sandy beaches, and the area is close to the Meeks Bay Resort and the DL Bliss State Park on the West Shore of Lake Tahoe.

Ready to start your Meeks Bay Tahoe area real estate property search? Click on any of the below buttons and you’ll see what listings are currently available in our local MLS. If you don’t find what you are looking for, give me a call. I’m here ready to help you too!

Meeks Bay, California Sold Single Family Homes:

In the Meeks Bay area the average median home sales price was $2,475,312. All 3 sales were luxury lakefront properties. The numbers of transactions are down this year compared to 2011.

Cash sales for the Meeks Bay area are up over 2011 levels at 100%, which is well above the current 2012 Lake Tahoe – Truckee, California regional trend of 34% for cash transactions.

The current absorption rate for this neighborhood is at 6 months. Anything between 5 -7 months is considered a Balanced Market. The absorption rate can change quickly and has varied from an absorption rate of 7.5 months on 12/03/2011, to 4 months on 01/24/2012. Based upon the current level of activity in the Meeks Bay area, the market has stabilized and has most likely put in a market bottom.

There were no distress sales (bank foreclosures- real estate owned (REO’s) and short sales) in 2012 in the Meeks Bay community.

There were 6 available homes, cabins, and/or lakefronts for sale in the Meeks Bay, California area as of 09/24/2012. They ranged in price from $555,000 to $2,275,000. Of the 6 homes offered for sale none were distressed sellers (no REO’s, short sales, or court approval listings), which is a very positive signal for this neighborhood. There are no pending sales in the Meeks Bay, California area as of 09/24/2012.

Meeks Bay, California Real Estate Summary Sold Single Family Homes

Year	Homes Sold	Median Average Sales Price	Lowest Price Sold	Highest Price Sold	% Cash Transactions	Absorption Rate < 5 months Sellers Mkt 5-7 months balanced Mkt >7 months Buyer’s Mkt	% Distressed Sales	Breakdown of distressed Sales
2012*	3	$2,600,000	$1,800,000	$3,025,937 3 Lakefronts	100%	6 Months Balanced Market	0%	0 REO’s 0 Short Sales
2011	9	$500,000	$359,000	$2,400,000 3 Lakefronts	56%	NA	0%	0 REO’s 0 Short Sales
2010	1	$12,400,000	$12,400,000	$12,400,000 1 Lakefronts	0%	NA	0%	0 REO’s 0 Short Sales
2009	6	$684,500	$510,000	$1,280,000 0 Lakefronts	66.7%	NA	16.7%	1REO 0 Short Sales
2008	3	$2,425,000	$2,350,000	$3,550,000 2 Lakefronts	33%	NA	0%	0 REO 0 Short Sales
2007	2	$2,512,500	$2,350,000	$2,675,000 2 Lakefronts	100%	NA	0%	0 REO 0 Short Sales
2006	1	1,050,000	$1,050,000	$1,050,000 0 Lakefronts	0%	NA	0%	0 REO 0 Short Sales

*YTD period is 01/01/2012 – 09/24/2012. Data Source: Tahoe Sierra Multiple Listing Service. Absorption rate based on 30 day period of time as of 09/24/2012. Subject to change and/or correction at any time without notice.

Tahoe Real Estate Market report for the Meeks Bay, California area – September 2012

Thinking about making the West Shore 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.

Meeks Bay, California, Real Estate Market Report – September 2012