Laura Allen | 530.414.1260 Broker Associate, Tahoe REALTOR® CalRE#01473598 | Lake Tahoe-Truckee Area

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Tahoe City Homes for Sale Market Report

Tahoe City Homes Sold Market Report – Year End 2017:

Tahoe City Homes Sold Market Report – 1/1/2017 through 12/31/2017:
  • Sold Sales: The Tahoe City area had ninety (90) single family homes sold for the 01/01/2017 through 12/31/2017 period.
    • The transaction volume decreased -25% over 2016 levels.
  • Average Median Sales Price: The Tahoe City single family home sales price increased with the average median homes sales price moving up to $722,500.
  • Percent List to Sale Ratio: The list price to Sold Price Ratio for Tahoe Vista was 100.7% for 2017.  One of the strongest indications of how limited our inventory is in the Tahoe City market.
  • Days on Market (DOM): The median average Days on Market (DOM) has dropped significantly from 90 DOM in 2016 to 66 DOM in 2017, a 27% decrease in the number of days on the market.
  • Cash Sale Transactions: The number of cash sale transactions for the Tahoe City neighborhood dropped to 26%, which is a little more than 1 out of every 4 home sold in the Tahoe City area was a cash sale.
  • Distress Sales: Distress sellers (Bank Foreclosures- Real Estate Owned (REO’s), Short Sales and/or Court Approval Sales) remained steady at 3.3% of all homes sold in 2017 was a distressed sale.
    • In real numbers 3 of the 90 homes sold in 2017 was a distressed sale.
    • As a reference point a normal range for distressed sale is 1-5% of transactions falling into the distressed sales category.
  • Active Homes for Sale: There were twenty-two (22) Active– available homes for sale in the Tahoe City area as of 01/16/2018. They ranged in price from $599,000 to $29.5 million.  There are five (5) lakefront homes for Sale in Tahoe City as of 01/16/2018.
    • The current inventory levels for the Tahoe City area are extremely limited.
    • None of the twenty-two (22) homes listed for sale are distressed sales. There are zero (0) REO (Bank Foreclosures), no short-sales, or court approval sales.
  • Pending Home Sales: There are three (3) pending home sales in the Tahoe City area as of 01/16/2018.  They ranged in price from $709,000 to $1.299 million.

Tahoe City Homes Sold Market Report – Year End 2017

 
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Tahoe City Homes for Sale Market Report Summary | Multiple Years:

This Table is best viewed on a desktop, laptop, or on a device with a larger screen.
 

Year

Homes

Sold

Median Average

Sales

Price

Average

Sales

Price

DOM

Days

On

Market

Lowest

Price

Sold

Highest

Price

Sold

%

Cash

Transactions

%

Distressed

Sales

Breakdown

of

distressed

Sales

2017*

90

$722,500

$878,560

66

$299,900

$7,000,000

1 Lakefronts

26%

3.3%

3 REO’s

0 Short Sales

2016

120

$705,000

$1,209,682

90

$330,000

$17,500,000

7 Lakefronts

37%

2.5%

2 REO’s

1 Short Sales

2015

105

$650,000

$989,403

90

$315,000

$8,199,000

4 Lakefronts

34%

1%

1 REO’s

0 Short Sales

2014

84

$670,000

$1,064,987

76

$290,000

$6,500,000

4 Lakefronts

44%

5%

2 REO’s

3 Short Sales

2013

85

$592,500

$831,934

99

$214,000

$6,750,000

3 Lakefronts

37%

38%

1 REO’s

3 Short Sales

2012

109

$568,000

$1,100,159

119

$179,000

$17,250,000

9 Lakefronts

39%

23%

11 REO’s

13 Short Sales

1 Court Approval Sale

2011

64

$555,000

$932,290

134

$257,000

$6,450,000

5 Lakefronts

34%

25%

7 REO’s

9 Short Sales

2010

70

$653,000

$1,121,282

123

$219,900

$7,100,000

7 Lakefronts

39%

19%

7 REO’s

6 Short Sale

2009

65

$635,000

$936,142

146

$340,000

$6,288,000

4 Lakefronts

26%

17%

5 REO’s

6 Short Sale

2008

50

$741,500

$1,501,905

137

$350,000

$20,000,000

5 Lakefronts

26%

0%

0 REO’s

0 Short Sale

2007

56

$883,500

$1,495,640

136

$525,000

$12,400,000

4 Lakefronts

21%

0%

0 REO’s

0 Short Sale

2006

89

$926,000

$1,429,484

100

$425,000

$16,700,000

6 Lakefronts

18%

0%

0 REO’s

0 Short Sale

 
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 01/01/2017 – 12/31/2017. 

 
  • 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.
  •  
  • Buyers and Sellers are always encouraged to review the broader North Lake Tahoe - Truckee Regional Market Data and Trends for more information and insight. 

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 TMLS'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.

If you’d like more information on the Tahoe City area, or would like to know
Call Laura Allen at 530.414.1260
 
 
 
 
 
 
 
 
 
 
 
 
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Overview and summary of this complex completed by:
BROKER ASSOCIATE, Tahoe Real Estate Agent
CalRE# 01473598
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.