Tahoma, California Homes for Sale, Market Trend Report for 2011

Tahoma, California Homes for Sale, Market Trend Report for 2011

The Tahoma community is located approximately 9 miles south of downtown Tahoe City on the West Shore of Lake Tahoe, California.

The Tahoma area is one of the more developed neighborhoods on the West Shore and is located in two counties – El Dorado County and Placer County. It’s close proximity to Lake Tahoe recreational activities such as boating, hiking, biking (dirt and paved trails), tennis, golf, skiing, shopping, and restaurants makes this a great area for those that enjoy being outdoors, and getting away from it all.

This area has had some of the most affordable homes on the West Shore, and is a mix of smaller, older, Tahoe cabins, to larger, newer luxury mountain homes, with a limited number of lakefront properties. Despite the heavier snow fall that the West Shore area receives each year, this neighborhood is easily accessed all year-long and is a nice mix of full-time residents and second home owners.

Sold Single Family Homes in the Tahoma neighborhood West Shore, Lake Tahoe, California:

In the Tahoma area, mountain home and cabin prices are down – 12% for 2011 year, with the average median sales price at $351,000. Since 2006, Tahoma homes have dropped in value -47%. While home prices are down, sales for 2011 have already exceeded the number of single family homes and cabins sold each year since 2006. Take a look at the price trend in Tahoma.

Cash sale transactions for Tahoma homes has increased to 38%, indicating buyers are still finding good real estate values in the Tahoe area, and aren’t afraid to place their investment dollars here.

The current absorption rate for the Tahoma area is at 4.11 months. Anything below 5 months of inventory is considered a Sellers’ Market. This is a significant shift in the market and it is the first step to turning a community around from a declining market into a raising market.

Distress sales (bank foreclosures – real estate owned (REO’s) and short sales) accounted for 38%. That means more than 1 out of every 3 homes sold in 2011 in Tahoma was a distressed seller, which was a 9% increase over 2010.

There were 17 Active – available homes for sale in just the Tahoma, West Shore, Lake Tahoe, California area as of 03/10/2012. This is an inventory drop of -57% since November 2011, when there was 37 active available homes for sale. The homes currently available for sale range in price from $139,900 to $760,000.

Of the 17 homes offered for sale there are 2 REO listings, and 3 short sales, accounting for 29% of the market. There are 7 pending sales in the Tahoma area as of 03/10/2012, ranging in price from $175,000 to $3,995,000.

Tahoma, West Shore, Lake Tahoe, California, Real Estate Summary for 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
2011	37	$351,000	$165,000	$675,000 0 Lakefronts	38%	4.11 months Sellers’ Market	38%	8 REO’s 6 Short Sales
2010	21	$399,000	$161,000	$9,500,000 3 Lakefronts	38%	NA	29%	6 REO’s 0 Short Sales
2009	20	$437,250	$276,000	$1,900,000 1 Lakefront	25%	NA	30%	3 REO’s 2 Short Sales 1 Court Approval
2008	23	$570,000	$309,000	$4,350,000 1 Lakefronts	17%	NA	0%	0 REO’s 0 Short Sales
2007	26	$507,250	$500,000	$685,000 0 Lakefronts	15%	NA	0%	0 REO’s 0 Short Sales
2006	35	$659,000	$310,000	$6,783,333 3 Lakefronts	14%	NA	0%	0 REO’s 0 Short Sales

*YTD period is 01/01/2011 – 12/31/2011. Data Source: Tahoe Sierra Multiple Listing Service.

Use caution when only a handful of sales are available in a neighborhood. The percent changes can be significant and numbers are easily moved in either direction.

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 Tahoma your second home? Check out what is for sale here:

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.

Tahoma, California Homes for Sale, Market Trend Report for 2011