Tahoma Homes for Sale Market Report – Year End 2012

Tahoma Homes for Sale Market Report – Year End 2012

It’s that time of year to review how the Tahoma, California real estate market has performed.  Here is the Tahoma, California homes for sale Year End 2012 Market Report.

Tahoma Sold Market Report – Year End 2012:

Sold Sales: Tahoma had 36 single family homes sold in 2012, which is almost the same number of homes sold in 2011.

Tahoma single family home sales price declined -26% with an average median homes sales price of $259,750.  Tahoma Homes for Sale Market Report – Year End 2012

Most of the price decline occurred earlier in the year when the community had a number of short sales and REO/Bank Foreclosure properties on the market. It’s important to note that 16 of the 19 distressed home sales that closed in 2012 in Tahoma, were listed prior to May 15, 2012.  The current reduction in distressed sellers is good news for sellers and price stabilization should occur in 2013.

The median average days on market was 80 DOM.

Cash Sale Transactions: The number of cash sale transactions for the Tahoma area has decreased to 28%, which is well below the Tahoe- Truckee Regional average of 34%, or 1 out of every 4 home sold in Tahoma area was a cash buyer.

Absorption Rate: The current absorption rate for the Tahoma area is at 5.5 months, which indicates a Balanced market as of 01/19/2013.

Distress Sales: 
Distress sellers (bank foreclosures- real estate owned (REO’s) and short sales) increased to  56% of all homes sold in 2012, which is a primary reason for the continued price decline in the Tahoma market.  With the absence of short sales and REO/Bank Foreclosures no longer dominating the Tahoma market, we can expect prices to stabilize and move up.

Active Homes for Sale: There are only 11 Active– available homes for sale in the Tahoma area as of 01/19/2013. They ranged in price from $169,900 to $699,000, with an average median asking sales price of $399,907.

The inventory levels for the Tahoma area are extremely limited.  Of the 11 homes offered for none (Zero – 0) short sales, and no (Zero – 0) REO (Bank Foreclosure) listings, – 0% of the current listings are distressed, which is a clear sign that the Tahoma market has stabilized and is turning around.

Pending Home Sales: There are five (5) pending home sales in the Tahoma area and they range from $165,000 to $459,500. There is one (1) is a short sale, and no (Zero -0) REO/Bank Foreclosures.

For more detailed Tahoma, California real estate housing sales data check out my website which has a table summarizing past market sales data information for 2012, 2011, 2010, 2009, 2008, 2007 and 2006.

If you’d like more information on the Tahoma area, or would like to know what your Tahoma area home, cabin, or lakefront home may be worth, call Laura Allen at 530.414.1260.

More about Tahoma, California:Tahoma Homes for Sale Market Report – Year End 2012

The Tahoma community is located approximately nine (9) miles south of downtown Tahoe City on the West Shore of Lake Tahoe, California between the communities of Meeks Bay and Homewood, California.  Tahoma is located next to the Sugar Pine Point State Park, which is a wonderful year-around area to visit.

The Tahoma area is one of the more developed neighborhoods and offers some of the most affordable homes on West Lake Tahoe.  Tahoma is easily accessed all year-long and is a nice mix of full-time residents and second home owners.  Some of the more well-known neighborhoods in the Tahoma, California area are:

If you’re looking to get away from it all and want a wonderful Lake Tahoe experience, check out the Tahoma community on the West Shore of Lake Tahoe.

Tahoma Homes for Sale Market Report – Year End 2012

Tahoma Homes for Sale
Tahoma, CA Lakefront Properties for Sale
New Construction Homes for Sale in Tahoma, CA
Tahoma, CA Lots and Land for Sale
Tahoma, CA Homes for sale under $300,000
Tahoma Homes for Sale $300,000 to $500,000 in price
Tahoma, CA Homes for sale $500,000 to $1 million in price
Tahoma, CA Luxury Homes for sale $1 million to $20 million
West Shore Lakefront Homes for Sale
West Shore Lake Tahoe Homes and Cabins for Sale

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.

Tahoma Homes for Sale Market Report – Year End 2012

Carnelian Bay Homes for Sale Market Report – Year End 2012

Carnelian Bay Homes for Sale Market Report – Year End 2012

It’s that time of year to review how the Carnelian Bay area real estate market has performed.  Here is the Carnelian Bay homes for sale Year End 2012 Market Report.

Carnelian Bay Homes Sold Market Report – Year End 2012:

Sold Sales: Carnelian Bay had 78 single family homes sold in 2012, which is a 77% increase in volume over 2011 levels.

The Carnelian Bay single family home sales price remained flat with an average median homes sales price of $417,000. The median average days on market was 149 DOM.

Carnelian Bay Homes for Sale Market Report – Year End 2012

Cash Sale Transactions: The number of cash sale transactions for the Carnelian Bay area increased slightly to 38%, 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 3.83 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 22% of all homes sold in 2012, which is a 50% improvement over 2011.
distressed levels.


Active Homes for Sale:
There were 23 Active– available homes for sale in the Carnelian Bay area as of 01/02/2013. They ranged in price from $239,000 to $6.785 million, with an average median asking sales price of $1,075,000.

Of the 23 homes offered for sale there are only two (2) short sales, no (Zero – 0) REO (Bank Foreclosure) listings, or only 9% of the current listings are distressed, which is a clear sign that the market is stabilizing.

Pending Home Sales: There are eight (8) pending home sales in Carnelian Bay area and they range from $239,000 to $869,000. There is one (1) is a short sale, and one (1) REO/Bank Foreclosure.

For more detailed Carnelian Bay real estate housing sales data check out my website which has a table summarizing past market sales data information for 2012, 2011, 2010, 2009, 2008, 2007 and 2006.

If you’d like more information on the Carnelian Bay area, or would like to know what your Carnelian Bay home may be worth, call Laura Allen at 530.414.1260.

More about Carnelian Bay:

This North Shore community is centrally located, and is close to Kings Beach and Tahoe City.  Its location makes it easy to get to Northstar, Alpine Meadows, Squaw Valley, or Homewood Ski resorts.  It is close to all of the Lake Tahoe recreational activities such as boating, hiking, biking, tennis, golf, miniature golf, skiing, shopping, and restaurants.

Carnelian Bay Homes for Sale Market Report – Year End 2012

The Carnelian Bay neighborhood is a mix of some smaller, older, Tahoe cabins, newer luxury mountain homes, and lakefront properties.  Some of the more well-known neighborhoods in Carnelian Bay are:

Cedar Flat

Ridgewood

Agate Bay

Carnelian Bay has great public beaches, and a small commercial core area making this area very desirable.  Centrally located between Tahoe City and Kings Beach on the North Shore of Lake Tahoe, the Carnelian Bay area is very popular with second home owners.

Carnelian Bay Homes for Sale Market Report – Year End 2012

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.

Carnelian Bay Homes for Sale Market Report – Year End 2012

Tahoe City Homes for Sale Market Report – Year End 2012

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.

Tahoe City Homes for Sale Market Report – Year End 2012

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.

For more detailed Tahoe City real estate housing sales data check out my website which has a table summarizing past market sales information for 2012, 2011, 2010, 2009, 2008, 2007 and 2006.

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.

Tahoe City Homes for Sale Market Report – Year End 2012The 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

Tahoe City Homes for Sale

Condos for sale in Tahoe City, California 96145

Lakefront Homes for Sale in Tahoe City, California 96145

Lake Tahoe Homes for Sale

Lake Tahoe, California Condos for Sale

Waterfront Homes for Sale - Lake Tahoe, 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.

Tahoe City Homes for Sale Market Report – Year End 2012

Winner! Thank you Salon Bella Vita – Tahoe City, California

Winner! Thank you Salon Bella Vita – Tahoe City, California

Winner! Thank you Salon Bella Vita – Tahoe City, California I’m taking a great idea from DeeDee Riley, a REALTOR in El Dorado Hills, California who recently thanked a local business when she too was lucky and won a wonderful floral center piece.  She did a wonderful job of thanking that business that had made the charitable donation to an event she recently attended.  So I’m following her lead!

At the very first North Lake Tahoe, Toys for Tots Collection Party they had a raffle giving away a lot of special prizes.  You had to be present to win, and all I needed was ticket 134 to be called.

Yes, I buy a lottery ticket every once in a while and I love the thought of having my ticket number called.  At the Toys for Tots Collection Party my number was called – WINNER!!!

Thank you Michelle Seeley, Hair Stylist, at Salon Bella Vita, in Tahoe City, California for donating your time and services for the local Tahoe Toys for Tots campaign. I was lucky and I won a gift certificate to have a Men’s or Women’s hair cut.  What a great prize to win!

Winner! Thank you Salon Bella Vita – Tahoe City, California So many local Tahoe businesses gave gift certificates, services, and great donations in order to encourage the Toys for Tots turn-out, and this is my opportunity to say “Thank You” to everyone that made a donation to help the Toys for Tots collection efforts!

Thank you Salon Bella Vita for your kind and generous donations to the Toys for Tots campaign and for your continued support of the Tahoe community.

The next time you’re in the greater Tahoe City area, and you need your hair done, check out Salon Bella Vita.

You can find them at:

Salon Bella Vita

Cobblestone Mall, 475 North Lake Blvd., Suite 257

Tahoe City, CA 

530.583.1364

Tell the great people at Salon Bella Vita in Tahoe City, you appreciate their support of our local non-profit groups!

Tahoe City Homes for Sale

Lake Tahoe Homes for Sale

Lake Tahoe, California Condos for Sale

Lakefront Homes for Sale - Lake Tahoe, California

Tahoe Luxury Real Estate

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.

Winner! Thank you Salon Bella Vita – Tahoe City, California

Toys for Tots, Sunnyside Resort – Tahoe City, California

Toys for Tots, Sunnyside Resort – Tahoe City, California

Toys for Tots, Sunnyside Resort – Tahoe City, CaliforniaThe Sunnyside Resort and United States Marine Corps Reserve are hosting a Chamber Mixer and Toys for Tots Collection Party on Friday, November 30, 2012 at the Sunnyside Resort in Tahoe City, California.

Coldwell Banker Residential Brokerage along with the U.S. Marine Corps Reserve’s Toys for Tots campaign is officially underway in the North Lake Tahoe area.  This year the goal is to collect 1,500 toys for local children in need.

Toys for Tots, Sunnyside Resort – Tahoe City, CaliforniaYou’ll find toy collection sites through-out the North Lake Tahoe – Truckee area in many local businesses.  You can bring your new, unwrapped toy to one of the four Toys for Tots kick-off parties, or you can drop off your new, unwrapped toys at any of the local businesses, including all Coldwell Banker offices.

The Sunnyside Resort is the first to host one of the four kick-off parties for the first Toys for Tots collection parties.  I went last year, and I can tell you it was a lot of fun.

This year Sunnyside will be providing free appetizers, desserts, cocoa, and refreshments.  Santa will also be present for photos and handing out candy canes.

Here are the details:

Toys for Tots, Sunnyside Resort – Tahoe City, California Sunnyside ResortToys for Tots, Sunnyside Resort – Tahoe City, California

Where: Sunnyside Resort, Restaurant & Lodge, 1850 West Lake Blvd., Tahoe City, California. Approximately 2 miles south of the “Y” in Tahoe City on the West Shore of Lake Tahoe.

When:  Friday, November 30, 2012 –  5 p.m. to 8 p.m.

Cost:  Bring a new, unwrapped toy for children ages newborn to 17 years

For more information on the upcoming Toys for Tots events, to make a donation, or to become a collection site contact Elaine Durazo, LCO at 530.583.5581, or check out http://TahoeTruckee.ToysForTots.com

Shopping for younger children is often easier, but older children need “toys/gifts” too.  For children 13 – 17 years in age, the organization suggests books, school supplies, make-up, science projects, soccer balls and nets, basket balls, board games, curling irons, blow dryers, back packs, and when in doubt, you can always write a check (make it payable to “Toys for Tots Tahoe-Truckee”) and give a monetary donation.  Any new, unwrapped toy/gift is greatly appreciated.

Giving comes in so many different ways, this is your chance to make a difference for the local Tahoe-Truckee area children so come out and have some fun at the Sunnyside Resort Toys for Tots event.

See you at Toys for Tots, Sunnyside Resort – Tahoe City, California this Friday, November 30, 2012!

Tahoe Park Homes and Cabins for Sale

Talmont Homes and Cabins for Sale

Tahoe Woods Home and Cabins for Sale

Lakefront Homes for Sale

West Lake Tahoe Homes for Sale

Tahoe City Homes for Sale

Lake Tahoe Homes for Sale

Lake Tahoe, California Condos for Sale

Lakefront Homes for Sale - Lake Tahoe, California

Tahoe Luxury Real Estate

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.

Toys for Tots, Sunnyside Resort – Tahoe City, California

Thanksgiving Dinner in North Lake Tahoe, California

Thanksgiving Dinner in North Lake Tahoe, California

Thanksgiving Dinner in North Lake Tahoe, CaliforniaGobble, gobble, it’s Thanksgiving Day and you’ve found yourself in Lake Tahoe, California with no real plans for Thanksgiving Dinner.  Perhaps it was a last minute trip up here, or your oven decided not to work, or maybe you had too much eggnog the night before and cooking isn’t an option for you today.  Whatever the reason, you’ll need to make plans for dinner tonight.

Here are your some of your Thanksgiving Day dinner options in North Lake Tahoe:

  • Lone Eagle Grille, Hyatt, Incline Village, Nevada 775.886.6899
  • Austin’s, Incline Village, Nevada 775.832.7778
  • High Camp – Squaw Valley, Olympic Valley, California Reservations abarker@Squaw.com
  • Resort at Squaw Creek – Olympic Valley, California 530.581.6615
  • Ritz-Carlton Lake Tahoe (Northstar), California – 530.562.3000
  • River Ranch, Alpine Meadows, California 530.583.4264
  • Garwoods, Carnelian Bay, California  530.546.3366
  • Community Thanksgiving – North Lake Tahoe Event Center, Kings Beach, CA 775.230.1066 Small admission fee, or donation of toy, canned food, or volunteer as help for the event.
  • Jake’s on the Lake – Boatworks Mall, Tahoe City, California 530.583.0188
  • Dockside 700, (next to the Boatworks Mall), Tahoe City, California  530.581.0303
  • Granlibakken, Tahoe City, California 877.552.0185
  • Sunnyside Resort, West Lake Tahoe, Tahoe City, California 530.583.7200
  • Bar of America, downtown Truckee, California  530.587.2626
  • The Lodge, Tahoe Donner, Truckee, California 530.587.9455

Call ahead to check on reservation availability and menu options.  Your first choice may be gone, but keep on dialing; someone is going to have room for you.  Have a safe and happy holiday!

Thanksgiving Dinner in North Lake Tahoe, California

Dining options on Thanksgiving Day North Lake Tahoe, California

Homes for sale in Northstar

Condos for sale in Northstar

Homes for sale in Squaw Valley

Condos for sale in Squaw Valley

Homes for Sale in Kings Beach, California 96143

Homes for sale in Carnelian Baty, California, 96140

Homes for sale in Agate Bay, Carnelian Bay, California 96140

Homes for sale in Tahoe Vista, California 96148

Tahoe City Homes for Sale

Lake Tahoe Homes for Sale

Lake Tahoe, California Condos for Sale

Lakefront Homes for Sale - Lake Tahoe, 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.

Thanksgiving Dinner in North Lake Tahoe, California

Tahoe Second Home Loan Information

Tahoe Second Home Loan Information

Tahoe Second Home Loan InformationDid you know that the mortgage loan limits for the Tahoe area are not the same as in the Bay area, or other parts of California?  As part of the Tahoe second home buying process we will cover a number of topics, and check-list items.  One of those check-list items will be how you will pay for your Tahoe property.

If you are a cash buyer, I will let you know what documents you will need to either present with your offer, or once in escrow.

If you are getting a loan to purchase your Tahoe second home I will ask you if you’ve spoken to your lender recently and if you are pre-approved.

Recently, I’ve had several Tahoe second home buyers, who were pre-approved with their local lender find out that they had not been given the correct loan program information.

As a result, the Tahoe second home buyer was put in the position of having to either increase their down payment significantly, or cancel their purchase because they didn’t qualify for the correct loan program they would now need in order to purchase their Tahoe second home.

Here is what you can do to avoid having a last minute lender problem for your Tahoe second home purchase:

Tahoe Second Home Loan Buyer Tips:

  • Tahoe Second Home Location:  Make sure your lender knows what county you’ll be buying your second home in.  Most common California counties in the greater Lake Tahoe area are:
  • El Dorado
  • Placer
  • Nevada
  • Conforming Loan Limits:  For general planning purposes, as of October 1, 2011, any loan amount below $417,000 in the greater Lake Tahoe, California area is going to fall into the conforming (conventional) loan range, with loans amounts above that falling into either a conforming plus loan product, or a Jumbo loan.
  • Primary Residence vs. Second Home:  Make sure your lender knows this is a Tahoe second home purchase.
  • % Down:  Confirm the percentage (%) down that is required for the purchase.  Lenders are doing jumbo loans with just 20% down, so make sure you’ve shopped around for the best program.
  • Loan % Rate:  Confirm the loan percentage (%) rate for the program you are getting.
  • Loan Funding Timeline:  Ask how long it is taking to fund a loan with that lender.  Loans may take as long as 60+ days, so ask upfront to avoid a delay in your transaction.
  • Appraisals:  Ask your lender how many appraisals will be needed for your Tahoe second home loan.  More than one appraisal is a signal that a longer escrow period will be needed to close the transaction.
  • Shop Your Loan:  The mortgage loan market is very competitive.  It often pays for a consumer to shop around and compare rates, programs, and the level of customer service they are looking for before selecting their lender.

If you don’t have a lender, and you will need one, let me know and I will put you in touch with a great lender that is doing Tahoe second home loans in our area for buyers.  I’m here to help you through the entire Tahoe second home buying process, including working with you and your lender.

If you’d like more information on buying a Tahoe Second Home, or on the Tahoe Second Loan Process, call Laura Allen at 530.414.1260.

Homes for sale in Northstar

Condos for sale in Northstar

Homes for sale in Squaw Valley

Condos for sale in Squaw Valley

Homes for Sale in Kings Beach, California 96143

Homes for sale in Carnelian Baty, California, 96140

Homes for sale in Agate Bay, Carnelian Bay, California 96140

Homes for sale in Tahoe Vista, California 96148

Tahoe City Homes for Sale

Lake Tahoe Homes for Sale

Lake Tahoe, California Condos for Sale

Lakefront Homes for Sale - Lake Tahoe, 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.

Tahoe Second Home Loan Information