Alpine Meadows, California Real Estate Market Report – 3rd Quarter 2011
Sold Single Family Homes in Alpine Meadows, California:
The Alpine Meadows, California single family home prices have dropped by -27.9% this year, and will most likely fall short of the 19 homes sold in 2010.Cash sale transactions have remained steady at 1 in every 3 sales, or 30% of the Alpine Meadows home market.The number of homes going into escrow with in the first 30 days of being listed in the Tahoe Sierra Multiple Listing Service (TSMLS) has increased to 1 in every 4 sales.Distress sales (bank foreclosures- real estate owned (REO’s) and short sales) accounted for 23% of all homes sold in 2011.
There were 7 Active* – available homes for sale in the Alpine Meadows area as of 10/29/2011.They range in price from $419,000 to $675,000.Of the 7 homes offered for sale there were no short sales or REO listings, which may be a sign that the market is stabilizing.There are three sales pending in this exclusive ski area ranging in listed price from $100,000 (collapsed home that needs to be removed and can’t be considered a lot due to the structure on it) to $649,000.
Want to know what Alpine Meadows homes are for sale?
Alpine Meadows Real Estate Summary for 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* |
13 |
$425,000 |
$260,000 |
$1,100,000 |
30% |
23% approximately 1 out of 4 |
23% |
1 REO’s 2 Short Sales |
|
2010 |
19 |
$590,000 |
$390,000 |
$1,210,000 |
31% |
16.67% 1 out of 6 |
21% |
1 REO’s 3 Short Sale |
*YTD period is 01/01/2011 – 09/30/2011.*Active listings totals do not include “active contingent” listings.
Sold Condominium / Townhome in Alpine Meadows, California:
The Alpine Meadows, California condominium /townhouse real estate market has declined -24.4% in value this year.The total number of units has already exceeded the sales volume of 2010.Cash sale transactions have increased slightly to 50% of all sales, but the number of condo/townhomes going into escrow with in the first 30 days of being listed in the Tahoe Sierra Multiple Listing Service (TSMLS) has slowed down significantly to just 1 out of every 8 sales.The number of distress sales (bank foreclosures- real estate owned (REO’s) have dropped significantly to only 25% of all sales over 2010 distressed sales volume of 57%.
There were 7 Active* – available condominium / townhomes for sale in the Alpine Meadows area as of 10/29/2011.They range in listed price from $249,000 to $890,000.Of the 7 condos offered for sale, none are short sales, or REO listings.There are no condominium pending sales in the Alpine Meadows market as 10/29/2011.
Want to know what Alpine Meadows active condominium / townhomes are for sale?
Alpine Meadows Real Estate Summary for Sold Condominiums / Townhomes
|
Year |
Condos Sold |
Median Average Sales Price |
Lowest Price Sold |
Highest Price Sold |
% Cash Transactions |
Condos / Townhomes into escrow with in 30 days of being listed in TSMLS |
% Distressed Sales |
Breakdown of distressed Sales |
|
2011* |
8 |
$195,500 |
$150,000 |
$295,000 |
50% |
12.5% 1 out of 8 |
25% |
1 REO’s 1 Short Sale |
|
2010 |
7 |
$258,500 |
$219,614 |
$340,000 |
42.9% |
42.9% almost 1 out of 2 |
57% |
2 REO’s 2 Short Sales |
*YTD period is 01/01/2011 – 09/30/2011.*Active listings totals do not include “active contingent” listings.
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.
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
