Tahoe City Homes for Sale Market Report – Year End 2012
It’s that time of year to review how the Tahoe City real estate market has performed. Here is the Tahoe City homes for sale Year End 2012 Market Report.
Tahoe City Homes Sold Market Report – Year End 2012:
Sold Sales: Tahoe City had 106 single family homes sold in 2012, which is a 66% increase in volume over 2011 levels.
The Tahoe City single family home sales price increased by +3% to an average median homes sales price of $572,000.
The median average days on market was 116 DOM.
Cash Sale Transactions: The number of cash sale transactions for the Tahoe City area increased to 39%, which is just above the Tahoe- Truckee Regional average of 34%, or 1 out of every 3 home sales has been a cash buyer.
Absorption Rate: The current absorption rate is at 3 months, which indicates a Sellers’ market as of 01/02/2013.
Distress Sales: Distress sellers (bank foreclosures- real estate owned (REO’s) and short sales) has declined and dropped to 28% of all homes sold in 2012, which is an improvement over 2011 distressed levels.
Active Homes for Sale: There were 30 Active – available homes for sale in the Tahoe City area as of 01/02/2013, which is. They ranged in price from $315,000 to $16.8 million, with an average median asking sales price of $799,000. Of the 30 homes offered for sale there are three (3) short sales, no (Zero) REO (Bank Foreclosure) listings, which is a clear sign that the market is stabilizing.
Pending Home Sales: There are nine (9) pending home sales in Tahoe City and they range from $249,000 to $7,950,000. Only one (1) is a short sale.
If you’d like more information on the Tahoe City area, or would like to know what your Tahoe City home may be worth, call Laura Allen at 530.414.1260.
More about Tahoe City:
The Tahoe City area is known for its charming Alpine Mountain Village setting located near all of the recreational activities Lake Tahoe and the local ski resorts offer.
The Tahoe City community is located at the junction of California Highways 28 and Highway 89 South and stretches out 3 miles in both directions on the North Shore and West Shore.
Tahoe City is not an incorporated area and has a full time population of just over 1,500 people.
The Tahoe City downtown area 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.
The Tahoe City community is a very popular area and is easy to get to on a year-around basis. It is also a popular vacation rental location for summer and winter rentals.
Tahoe City Homes for Sale Market Report – Year End 2012
Want to see what condos are for sale in Tahoe City? Here are the current listings:
Thinking about making Lake Tahoe, California your second home? Check out the homes that are for sale here:
- Tahoe City Homes for Sale
- Tahoe City Condos 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.
Tahoe City Homes for Sale Market Report – Year End 2012
