New Construction Homes in Dollar Point
If you’re looking for a new construction home in the Dollar Point subdivision, of Tahoe City, California on the North Shore of Lake Tahoe, here is what you should know about how rare new, or newer construction homes are to come by in this neighborhood.
There are approximately 569 lots in this subdivision. Of those residential lots 39 are lakefront properties and it is estimated that approximately 40% of the Dollar Point homes have some sort of view of Lake Tahoe. Approximately 4% of the homes in Dollar Point are newer construction homes, and were built from 2000 through 2012 per the Placer County Assessor records.
Break-down of newer construction homes for the Dollar Point neighborhood:
Built between 2007 – 2012: 6 Homes
Built between 2000 – 2012: 24 Homes, This means approximately 4% of the homes in Dollar Point were 12 years old, or newer).
Built between 1995 – 2012: 43 Homes, This means approximately 8% of the homes in Dollar Point were 17 years old, or newer.
So what are your chances of buying one of these newer construction homes built in Dollar Point? Since June 2005 through October 17, 2012, there have been 107 homes sold in the Dollar Point subdivision. Of those home sales, only 18 sales were identified as being 20 years old, or newer.
Break down on recent sales:
Homes sold built from 2007 – 2012 – 1 Home
Homes sold built from 2000 – 2012 – 6 Homes
Homes sold built from 1992 – 2012 – 18 Homes
This means of the 107 homes sold over the past few years, only 7 were newer construction homes, or 6% of all sales, which means Dollar Point newer construction homes for sale are very limited in supply.
Of the 18 newer construction homes sales there have been only 2 sales under $1 million. One home sale was at $878,000 in 2009, and the second sale was at $910,000 this past August 2012. All other sales for newer construction homes have been between $1.098 million to $5.25 million in Dollar Point.
Dollar Point is one of Tahoe’s more upper-end, luxury neighborhoods in the greater Tahoe City area and newer construction homes carry a significant market premium. While home prices have declined in the area, the demand for new, or newer construction homes in the area remains strong.
If you’re looking for an updated home in Dollar Point that has a newer construction feel to it, you’ll have a bigger selection to choose from, but the selection of homes for sale in Dollar Point is always limited.
If you’re in the market for a newer construction home, it’s important to know that your options will be very limited in the Dollar Point neighborhood.
Dollar Point newer construction homes in Tahoe City, California.
For all of your Tahoe real estate needs – Laura Allen, 530.414.1260, Broker Associate, REALTOR®, CRS, ABR®, RSPS, ePRO, Previews Property Specialist, Laura@TahoeLaura.com DRE# 01473598 www.TahoeLauraLuxuryHomes.com, Coldwell Banker Residential Brokerage, Tahoe City, California.New Construction Homes in Dollar Point