What is my Lake Tahoe Lakefront Home Worth – 2018
What is my Lake Tahoe lakefront home worth in August 2018?
Real estate conditions continue to favor Sellers. Lakefront home inventory is extremely limited with only fourteen (14) lakefront homes for sale as of 08/10/2018.
Our Lake Tahoe lakefront sales are strong, and we are hitting new sales highs. The West Shore had a $40 million cash lakefront sale in April 2018, which is double the $20 million record set back in 2008.
The North Shore had a $22.8+ million lakefront sale in June 2018, which was almost double the $12.5 million closing sales price set in 2007.
Cash buyers are dominating sales with 60% of all lakefront sales in 2018 as cash transactions.
Two-thirds of all lakefront sales were under $5 million in sales price giving buyers the opportunity to still get into this exclusive market segment.
An impressive 20% of the lakefront sales in 2018 were over $20 million, reflecting the strength of the most exclusive properties in the area.
Here are the current Lake Tahoe Lakefront Homes for Sale Listings:
Real Estate Market Activity for Lake Tahoe Lakefront Homes Sold: 2018 YTD 01/01/2018 – 07/31/2018
Areas Covered: North Shore Lake Tahoe, West Shore Lake Tahoe, and Tahoe City (MLS areas 1-5)
- Number of Lake Tahoe Lakefront Homes Sold: 15
- Median Average Sold Sales Price for Lake Tahoe Lakefront Homes: $3,770,000
- Average Sold Sales Price for Lake Tahoe Lakefront Homes: $8,906,794
- Sold Price Range for Lake Tahoe Lakefront Homes: $1,750,000 to $40 million
- Average Sold Median Sales Price to Sold Median List Price Ratio for Lake Tahoe Lakefront Homes: 94.5%
- Average Days on Market (DOM) for Lake Tahoe Lakefront Homes Sold: 206 DOM
- Number of Active and Available Lake Tahoe Lakefront Homes for Sale as of 08/10/2018: 14
- Number of Active and Available Lakefront Homes for Sale on just the North Shore of Lake Tahoe as of 08/10/2018: 5
- Number of Active and Available Lakefront Homes for Sale on just the West Shore of Lake Tahoe as of 08/10/2018: 9
- Number of Active and Available Lakefront Homes for Sale just in Tahoe City as of 08/10/2018: 4
- Pending Lake Tahoe Lakefront Home Sales as of 08/10/2018: 3
- Number of Distressed Sales – Court Approval, Short Sales, or REO Bank Foreclosures for Lake Tahoe Lakefront Homes as of 08/10/2018: 0
Looking for more North Lake Tahoe lakefront home sales data?
Real Estate Market Activity for Lake Tahoe Lakefront Homes Sold: Multiple Years | YTD 2018* – 2006
Areas Covered: North Shore Lake Tahoe, West Shore Lake Tahoe, and Tahoe City (MLS areas 1-5)
FYI: This chart is best viewed on a larger screened device.
|
Year |
Homes Sold |
Homes
Sold by Shore |
Median Average Sales Price | Average
Sales Price |
DOM |
Lowest
Price Sold |
Highest
Price Sold |
%
Cash Sales |
| 2018* | 15 | 5 West Shore
10 North Shore |
$3,770,000 | $8,906,794 | 206 | $1,750,000 | $40,000,000 | 60% |
| 2017 | 26 | 13 West Shore
13 North Shore |
$3,825,000 | $4,758,192 | 153 | $1,688,000 | $15,000,000 | 58% |
| 2016 | 18 | 13 West Shore
5 North Shore |
$4,825,000 | $5,474,194 | 182 | $1,750,000 | $17,500,000 | 73% |
| 2015 | 25 | 13 West Shore
12 North Shore |
$3,800,000 | $4,708,670 | 168 | $2,201,000 | $9,950,000 | 73% |
| 2014 | 30 | 11 West Shore
19 North Shore |
$3,118,690 | $4,038,140 | 162 | $850,000 | $14,000,000 | 67% |
| 2013 | 22 | 8 West Shore
14 North Shore |
$3,525,000 | $3,938,522 | 203 | $1,520,000 | $9,495,000 | 68% |
| 2012 | 32 | 17 West Shore
15 North Shore |
$3,275,000 | $4,688,721 | 338 | $900,000 | $17,250,000 | 75% |
| 2011 | 22 | 9 West Shore
13 North Shore |
$2,937,500 | $3,115,884 | 302 | $975,000 | $6,450,000 | 73% |
| 2010 | 22 | 10 West Shore
12 North Shore |
$3,700,000 | $4,813,432 | 210 | $1,950,000 | $12,400,000 | 73% |
| 2009 | 11 | 7 West Shore
4 North Shore |
$4,400,000 | $3,951,000 | 220 | $1,900,000 | $6,288,000 | 73% |
| 2008 | 10 | 6 West Shore
4 North Shore |
$4,075,000 | $5,964,000 | 357 | $2,350,000 | $20,000,000 | 70% |
| 2007 | 15 | 8 West Shore
7 North Shore |
$4,250,000 | $5,078,107 | 216 | $1,204,000 | $12,500,000 | 67% |
| 2006 | 18 | 7 West Shore
11 North Shore |
$4,400,000 | $5,115,137 | 264 | $1,925,000 | $16,700,000 | 33% |
REO’s = Real Estate Owned, which is the name banks use for their bank foreclosed properties.
Short Sales = Owner does not have the money to pay off all of the debt and asks the debt holders to take less back in order to close the sale.
*YTD period is 01/01/2018 – 07-31-2018.
Data Source: Tahoe Sierra Multiple Listing Service (TSMLS).
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 TSMLS’s may not reflect all real estate activity in the market. All information is deemed to be reliable, but is subject to change, modification, and/or correction without prior notice. If your property is currently listed for sale, or you have an active Buyer Representation Agreement, this is not intended as a solicitation.
Need more specific Lake Tahoe lakefront home buying options? Search Lake Tahoe Lakefront homes for sale by community here:
- Carnelian Bay Lakefront Homes
- Homewood Lakefront Homes
- Kings Beach
- Tahoe City Lakefront Homes
- Tahoe Vista
- Tahoma
- Meeks Bay
- Rubicon Bay
Buyer Tip: Real estate agents can not put all of the property details and information into the public portion of the Multiple Listing Service (MLS) property detail display.
The space that is provided in the MLS is very limited, and important details about properties never make the public listing format.
Finding the specific features you must have will be easier if I help you in your search – local information and being familiar with our listings is where agents really add value to your property search – call me 530.414.1260 I can help you with your search!
The number of Lakefront home for sale is very limited in any one given year, and the price points can vary widely depending on what is offered for sale.
While it is interesting to track the average median home sales price, or average lakefront home sales price when it comes to comparing year-to-year percentage changes it may be misleading to use that data and may not reflect the true market direction, but rather the limited selection of what was available for sale skewing results.
My recommendation to Tahoe Buyers is to review the over-all North Lake Tahoe – Truckee real estate market trend and date as this luxury market will follow the over-all regional trend.
Want more real estate market trend data for our area? Here is the regional report:
North Lake Tahoe – Truckee home values market report mid-year 2018
Remember when it comes to lakefront home values the individual property and home features are what will determine why one Lakefront Home in the Lake Tahoe area is worth $20 million and another is only worth $2 million.
A Lake Tahoe lakefront property value will be impacted by many features. Here is a list of features Buyers will consider:
Popular Lakefront Property Features:
- Pier | Private | Just one owner
- Shared Pier | Limited to just two or three owners
- Permitted Pier
- Permitted Shared Pier
- No Pier, but access to one via a Home Owners Association (HOA) membership
- No Pier at all
- Buoys
- Permitted Buoys
- Boat Lift
- Boat House
- Rock Crib Marina
- Sandy Beach
- Deep Water
- Lakefront Footage – 25′, 50′, 100′, 150′, 200’+ need a minimum number of feet?
- Acreage
- Minimum Lot Size
- Minimum home square footage Elevator
- Garage
- Pool – Private or Shared part of a neighborhood amenity
- Tennis Courts
- Newer Construction
- New Construction – Just Built, Under Construction, or Shovel Ready Project
- Old Tahoe
- Single Floor
- Elevator
- Trophy Property
- Lakefront properties not directly on Highway 89, or Highway 28 – side street, away from traffic
- Current, or Past Rental History
- Current Rental Property
- Minimum distance from a specific ski resort
- Estate Setting
- Luxury Property
- Fixer – a gem in the rough
- A tear-down, or lakefront lot
- Excellent maintenance – Well cared for properties inside and out
- Upgraded and/or updated properties that have high-end, custom features found in newer construction luxury homes
- Homes that are ready to use on day one – no to-do lists and deferred home projects
- Mountain Charm, Clean, and Uncluttered – Reflective of the Tahoe Lifestyle
- True Lakefront | waterfront property (Not all advertised lakefront properties are true lakefront parcels and are really beachfront property. Knowing the difference between the two types is where the sales price will come into play and specific permitted features.)
- True Split Lakefront (Across from the Beach with deeded lakefront property that has Lake Tahoe shoreline in it.)
- Beachfront
- Permitted Lakefront Features with California State Lands Commission and Tahoe Regional Planning Agency versus not currently permitted but existing on the property.
If you already own a Lake Tahoe lakefront home and want to know what your property is worth, call me 530.414.1260 for a confidential conversation.
Need more Lake Tahoe home buying options? Check out the Lake Tahoe Luxury Homes for Sale here:
Want more help in trying to figure out your Lake Tahoe lakefront, or luxury home buying options?
Looking for more information to figure out which neighborhoods and locations will best meet your individual needs?
Call me at 530.414.1260 and I can help you find the information you need and help you search for the right place to buy!
Here are some past Blog Posts that you might find helpful:
- Tahoe Real Estate – What Determines the Value of a Lakefront Property?
- Lakefront home worth in North Lake Tahoe – 2016?
- Can I build a bigger deck on my Lake Tahoe home?
- Can I cut down a tree in North Lake Tahoe?
- What is a BMP Certificate?
- Tahoe Real Estate – What are BMP’s?
- What will my real estate taxes be on my Tahoe Second Home?
- Vacation Rental Income North Lake Tahoe Estimates for Home Buyers
- Tahoe Real Estate – Who pays the Buyers Agent commission?
- Benefits of a Buyers Agent
The Internet is loaded with information. It helps to work with a local Tahoe real estate professional that understands the current market conditions and area. Let’s figure out what makes sense for you – 530.414.1260!
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
All information is deemed reliable, but is subject to change, and/or correction without notice.
Buyers and Sellers should investigate and verify all information to their own satisfaction.
What is my Lake Tahoe Lakefront Home Worth – 2018
