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Lake Tahoe - Truckee, CA Real Estate for Sale

Tahoe City Homes for Sale – Lake Tahoe, California Market Trend Report March 2012

Tahoe City Homes for Sale – Lake Tahoe, California Market Trend Report March 2012

March 19, 2012 By Laura Allen, Tahoe REALTOR, 530-414-1260, CalRE# 01473598

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Tahoe City Homes for Sale – Lake Tahoe, California Market Trend Report March 2012

Tahoe City Downtown

The Tahoe City area is a wonderful mountain community located near all of the recreational activities Lake Tahoe is famous for.  The Tahoe City community is located at the junction of California Highways 28 and 89 South.  This junction is also the dividing point between the North Shore of Lake Tahoe, and the West Shore of Lake Tahoe.

Tahoe City SignTahoe City is actually located on both the North Shore and West Shore of Lake Tahoe, which stretches out 3 miles in each direction.  Currently, Tahoe City has a full time population of just over 1,500 people.

Downtown Tahoe City, which is known for its charming Alpine Mountain Village setting, lake views, and small-town friendly atmosphere, is actually located on the North Shore of Lake Tahoe, on Highway 28.

The Tahoe City community has public beaches, recreational facilities, a nine-hole golf course, tennis courts, cross-county ski area, restaurants, shops, and other commercial services to make being in Lake Tahoe enjoyable.   The Tahoe City area is also very close to Alpine Meadows, Squaw Valley, and Homewood Ski Resorts offering a diverse selection of places to ski. 

Commons Beach, Tahoe City, CAThe Tahoe City community is a mix of smaller, older, Tahoe cabins, along with larger, newer luxury mountain homes.  There are a number of condominium developments in the area, along with a limited number of lakefront properties and lake view homes in the area. This area is very desirable because of its location to the North Shore and the West Shore communities of Lake Tahoe.   

The Tahoe City community is a very popular area and is easy to get to on a year-around basis.  It is a popular vacation rental location for summer and winter rentals.

Tahoe City real estate for sale – Mountain Homes, Cabins, and Lakefront properties.

Sold Tahoe City Single Family Homes, North Shore, Lake Tahoe, California, 96145:

In the Tahoe City area home prices are up +25% for 2012 TYD, but were down, -15% in 2011.  The current average median sales price is $695,000.  This is a great start for 2012.  Take a look at the price trend chart for Tahoe City.  

Tahoe City Homes for Sale – Lake Tahoe, California Market Trend Report March 2012

Cash sale transactions for the Tahoe City area have dropped to 23%, which is well below the Tahoe-Truckee regional cash transaction rate of 34%, but is in line with historical trends for the area.      

The current absorption rate for this neighborhood is at 9.4 months.  Anything above 7 months of inventory is considered a Buyer’s Market.  The Tahoe City neighborhood is moving towards becoming a balanced market, which should result in some market stabilization once the area can work through the current distressed sales.  

Distress sales (bank foreclosures – real estate owned (REO’s) and short sales) accounted for 38%.  This is more than one-third of all Tahoe City sales, and is an increase over 2011 distress sales rates of 25%. The increase in distress sales is the single largest contributing factor to the drop in price over the past several years.  

There were 47 Active – available homes for sale in the Tahoe City, California, Lake Tahoe, area as of 03/18/2012.  These Tahoe City lakefronts, mountain homes, and cabins ranged in price from $180,000 to $19.95 million.  Of the 47 homes offered for sale, 6 homes were lakefronts, 2, split lakefronts, 39 were non-lakefront properties; 0 REO listings and 7 short sale listings. 

There are 14 pending sales, 3 REO’s, 2 short sales, and 1 lakefront.  The pending sales ranged in price from $275,000 to $3,150,000 in the Tahoe City, California area.

 Tahoe City, California, 96145 – Lake Tahoe 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*

13

$695,000

$318,000

$2,950,000

1 Lakefronts

23%

9.4 months

Buyers’ Market

38%

2 REO’s

3 Short Sales

2011

64

$555,000

$257,000

$6,450,000

 5 Lakefronts

34%

NA

25%

7 REO’s

9 Short Sales

2010

70

$653,000

$219,900

$7,100,000

7 Lakefronts

39%

NA

19%

7 REO’s

6 Short Sale

2009

65

$635,000

$340,000

$6,288,000

4 Lakefronts

26%

NA

17%

5 REO’s

6 Short Sale

2008

50

$741,500

$350,000

$20,000,000

5 Lakefronts

26%

NA

0%

0 REO’s

0 Short Sale

2007

56

$883,500

$525,000

$12,400,000

4 Lakefronts

21%

NA

0%

0 REO’s

0 Short Sale

2006

89

$890,000

$425,000

$16,700,000

6 Lakefronts

18%

NA

0%

0 REO’s

0 Short Sale

*YTD period is 01/01/2012 – 03/18/2012.  Absorption rate is current as of 03/18/2012.  Data Source:  Tahoe Sierra Multiple Listing Service.

Use caution when only a handful of sales are available in a neighborhood.

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.

Ready to make Tahoe City, California your second home?  Check out what is for sale here:

  • Homes for Sale in Tahoe City
  • Condos for Sale in Tahoe City
  • 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.

Tahoe City Homes for Sale – Lake Tahoe, California Market Trend Report March 2012

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Laura Allen | 530.414.1260

CalRE# 01473598 | Broker Associate

Coldwell Banker| CalRE# 01908304, Tahoe City, CA 96145

Copyright © 2023 | Laura Allen | CalRE# 01473598 | www.TahoeLauraRealEstate.com | 530-414-1260 | Laura@TahoeLaura.com | Coldwell Banker Realty | 475 N. Lake Blvd., Tahoe City, CA 96145 | Log in

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