Tahoe Vista Homes for Sale Market Report – Year End 2012

Tahoe Vista Homes for Sale Market Report – Year End 2012

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

Tahoe Vista Sold Market Report – Year End 2012:

Sold Sales: Tahoe Vista area had 28 single family homes sold in 2012, which is a 40% increase in volume over the number of homes sold in 2011.

Tahoe Vista single family home sales price declined -19% with an average median homes sales price of $327,500. 

Most of the price decline occurred earlier in the year when the Tahoe Vista community had a number of short sales and REO/Bank Foreclosure properties on the market. It’s important to note that 11 of the 12, or 92% of the distressed home sales that closed in 2012 in Tahoe Vista area, were listed prior to April 8, 2012.  The current absence of any distressed sellers in the Tahoe Vista market is good news for sellers and price stabilization that should occur in 2013.

The median average days on market was 111 DOM.

Tahoe Vista Homes for Sale Market Report – Year End 2012

Cash Sale Transactions: The number of cash sale transactions for the Tahoe Vista area has increased to 36%, which is just slightly above the Tahoe- Truckee Regional average of 34%, or 1 out of every 3 home sold in Tahoe Vista area was a cash buyer.

Absorption Rate: The current absorption rate for the Tahoe Vista area is at 3.5 months, which indicates a Sellers’ market as of 02/09/2013.

Distress Sales: 
Distress sellers (bank foreclosures- Real Estate Owned (REO’s) and short sales) increased to  43% of all homes sold in 2012, which is a primary reason for the continued price decline in the Tahoe Vista market.  With the absence of short sales and REO/Bank Foreclosures no longer dominating the Tahoe Vista market, we can expect prices to stabilize and move up.

Active Homes for Sale: There are only seven (7) Active– available homes for sale in the Tahoe Vista area as of 02/09/2013. They ranged in price from $375,000 to $4,250,000, with an average median asking sales price of $998,000.

The current inventory levels for the Tahoe Vista area are extremely limited.  Of the seven (7) homes offered for sale, there are 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 Tahoe Vista market has stabilized and is turning around.

Pending Home Sales: There are five (5) pending home sales in the Tahoe Vista area and they range from $339,000 to $799,000. There are three (3) is a short sales, and no (Zero -0) REO/Bank Foreclosures.

For more detailed Tahoe Vista, 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 Tahoe Vista area, or would like to know what your Tahoe Vista area home, cabin, or lakefront property may be worth, call Laura Allen at 530.414.1260.

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

The Tahoe Vista community is located in two areas, directly off Highway 28 between Agate Bay and downtown Kings Beach, or in Upper Tahoe Vista, which is accessed off Highway 267 on the way to Kings Beach, California.

The Tahoe Vista area has some neighborhoods that are walking distance to the public beaches, or are located in an area that is more remote and has a wonderful mountain setting and is just a short drive to the Northstar Ski Resort area.  Many homes in the Tahoe Vista area provide nice views of Lake Tahoe.

Tahoe Vista has wonderful, ocean beach type sand, and the beaches are a beautiful sandy white.  The water is more shallow in this area of Lake Tahoe allowing swimmers to wade out and enjoy being in Lake Tahoe. Several well-known public beaches in the Tahoe Vista area are Sandy Beach, Tahoe Vista Recreational Center, and Moons Dune Beach.

Tahoe Vista 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 Tahoe Vista, California area are:

Kingswood West

Tahoe Estates

Tahoe Vista

Tahoe Marina

Ready to build?  Check out the Tahoe Vista Lots and Vacant Land for Sale Here.

If you’re looking for sandy white beaches and being close to Northstar, and all that Lake Tahoe and the North Shore have to offer, check out the Tahoe Vista community in North Lake Tahoe!

Tahoe Vista 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.

Tahoe Vista Homes for Sale Market Report – Year End 2012

©Laura Allen | 530.414.1260 | www.TahoeLauraLuxuryHomes.com

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

Tahoe Ski Resorts – Snow Report December 13, 2012

Tahoe Ski Resorts – Snow Report – December 13, 2012

We had a good snow storm yesterday, and most Tahoe ski resorts received up to a foot of new snow.  The 10 day weather forecast is showing snow in 5 out of the next 10 days, so should have good snow conditions for everyone to enjoy for the upcoming holidays.Tahoe Ski Resorts – Snow Report December 13, 2012

The Tahoe 2012-2013 Ski Season has arrived!

Here’s a list of local Tahoe area resorts with their open status and snow base amounts.

Base totals as of December 13, 2012.

Ski Resort

Open Status

Base Inches

Location

Alpine Meadows

Open

23″ -53″

Alpine Meadows, CA
Boreal Mountain Resort

Open

29″ – 41″

19749 Boreal Ridge Road
Soda Springs, CA
Right off I-80
Diamond Peak
Opening
Dec 20, 2012

7″ – 20″

1210 Ski Way
Incline Village, NV
Donner Ski Ranch
Opening
Dec 15, 2012

NA

19320 Donner Pass Road
Norden, CA
Granlibakken

NA

6″

725 Granlibakken Road
Tahoe City, CA
Heavenly

Open

30″ – 53″

3860 Saddle Road South Lake Tahoe, CA
Homewood Ski Resort
Opening
Dec 14, 2012

34″

5145 West Lake Blvd.
Homewood, CA
Kirkwood

Open

14″ – 21″

35 Miles SW of South Lake Tahoe
Off Highway 88
Mt Rose Ski Tahoe

Open

NA

22222 Mt Rose Hwy Highway 431
between Incline and Reno, NV
Northstar

Open

18″ – 64″

Off Hwy 267, Truckee, CA
Sierra-At-Tahoe

Open

20″ – 60″

1111 Sierra-At-Tahoe
Twin Bridges, CA
Highway 50
Soda Springs
Opening
Dec 14, 2012

NA

10244 Soda Springs Road
Soda Springs, CA
Squaw Valley USA

Open

9″ – 68″

1960 Squaw Valley Road
Olympic Valley, CA
Sugar Bowl

Open

25″ – 68″

629 Sugar Bowl Road
Donner, CA
Tahoe Donner Downhill
NA

6″ – 12″

11603 Snowpeak Way
Tahoe Donner
Truckee, CA
More snow is on the way!  For those hoping for a white Christmas, or a wonderful winter holiday, get your boots and skis out, it should be a great Tahoe holiday for everyone.
For more specific ski resort information, check out their websites. Now is the time to plan a trip to Lake Tahoe, and have some early winter fun.

Tahoe Ski Resorts – Snow Report December 13, 2012

Homes for sale in Homewood, California

Homes for sale in Alpine Meadows, California

Condos for sale in Alpine Meadows, CA

Homes for sale in Northstar, Truckee, CA

Condos for sale in Northstar, Truckee, CA

Squaw Valley Homes for Sale

Squaw Valley Condos for Sale

Tahoe City Homes for Sale

Lake Tahoe Homes for Sale

Lake Tahoe, California Condos for Sale

Waterfront 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.

Tahoe Ski Resorts – Snow Report December 13, 2012

Keep the Mortgage Interest Deduction – Lake Tahoe, California

Keep the Mortgage Interest Deduction – Lake Tahoe, California  

Keep the Mortgage Interest Deduction – Lake Tahoe, CaliforniaIf you are a homeowner, a Tahoe second home owner, or are considering buying a Lake Tahoe home you need to part of the effort to Keep the Mortgage Interest Deduction (MID) in place.

There are those that want to take, or severely limit the mortgage deduction, which will hurt the housing market!

If you don’t let your representatives know that you want to Keep the Mortgage Interest Deduction in place, they may just eliminate it.

We all know a healthy real estate market is a key component to a healthy economy and that means jobs, along with money for our local and state governments, so why would we want to do anything that could hurt the real estate recovery?

Now is the time to say “NO” – “Keep the Mortgage Interest Deduction”!

The following information is brought to you by the CALIFORNIA ASSOCIATION OF REALTORS®

Don’t Rock the Boat!

Keep the Mortgage Interest Deduction

Many REALTORS® have asked for information on the debate surrounding the mortgage interest deduction that they can share with family, friends and colleagues. REALTORS® and the public alike are urged to share the information in this email with as many people as possible.

Background

Congress, as part of negotiations on avoiding the “Fiscal Cliff,” has made direct references to “closing loopholes” and “limiting deductions” as a way to raise revenues. Clearly, the mortgage interest deduction is high on this list of revenue raisers.

Losing the Mortgage interest deduction will disproportionately affect the middle class because a larger proportion of the middle class takes the deduction. In California 89% of those who took the mortgage interest deduction earned less than $200,000. Losing the deduction would cost the average California taxpayer over $3,900.

What your family, friends and clients can do to help:

Call Congress. First and foremost, we are urging the public to get involved by calling Congress to ask that the mortgage interest deduction be preserved. The public may reach Congress by calling 202-224-3121. The Capitol switchboard operator will help callers identify their member of Congress and connect them.

The public can reach Congress by calling 202-224-3121

Monday-Friday
from 9:00 am – 6:00 pm, Eastern Standard time.

Get the word out. Many people seem to be blissfully unaware that their mortgage interest deduction is in danger. Please do the following to make sure that the message spreads.

  1. Forward this message to your family, friends, and clients.
  2. Post this information on your personal and office websites and blogs.
  3. Share this information on Facebook and urge others to share it as well.
  4. Tweet about it on Twitter and urge others to retweet. Use the hashtag: #savethemid.
  5. Link to the following web page: KEEP MY MID.   This site has information about contacting Congress, more information on the MID and links to articles.
  6. As you see new information and articles, share these on all your social networking sites.

Thanks to everyone for your efforts in support of home ownership!

Now is the time to let you voice be heard.

Pick up the phone, and make the call.  Each call makes a difference to Keep the Mortgage Interest Deduction!  

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.

Keep the Mortgage Interest Deduction – Lake Tahoe, California  

Santa’s Party, Granlibakken Ski Resort – Tahoe City, California

Santa’s Party, Granlibakken Ski Resort – Tahoe City, California

Santa’s Party, Granlibakken Ski Resort – Tahoe City, California Get ready for some winter fun with Santa, at Santa’s Party this Sunday, December 9, 2012!  Santa will arrive in style, on his fire truck at Granlibakken Ski Hill in Tahoe City tomorrow.

The Rotary Club of Tahoe City will be hosting its 13th Annual Santa’s Party and should be fun for everyone.  All children ages pre-school to 9 years old are invited for a day of free sledding, weather (snow permitting).  You may remember this past event as Sledding with Santa, so get ready to have some fun with, or without snow!

Santa will make a grand entrance, and the North Tahoe High School Jazz Band will play holiday music, along with Christmas caroling.  Check out Santa’s arrival from last year!

In addition to getting to talk with Santa, there will be live music, hot chocolate, cider, cookies, and hot dogs for everyone.

Here are the details:

Santa’s Party, Granlibakken Ski Resort – Tahoe City, California

Where: Granlibakken Ski Resort, 725 Granlibakken Road, Tahoe City, California.

When:  Sunday, December 9, 2012 – 12 noon to 4 p.m.

Cost:  FREE

For more information on Santa’s Party, at the Granlibakken Ski Resort contact Roger Peterson at 530.546.3193.

The Rotary Club of Tahoe City is able to put this annual event on with a lot of help from the community and thanks: Safeway, SaveMart, Sierra Sun, Tahoe Truckee Lumber, The Store…Copies & More, Geared for Games, Granlibakken Ski Resort, and Wholesale Resort Association.

Santa’s Party is open to the entire North Lake Tahoe community, so come out and have an afternoon of fun.

Get ready to have a fun afternoon with Santa, at Santa’s Party, tomorrow, Sunday afternoon, December 9, 2012!

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

North Lake Tahoe Lakefront Property for Sale

West Lake Tahoe Lakefront Homes 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.

Santa’s Party, Granlibakken Ski Resort – Tahoe City, California

Toys for Tots, Rosie’s Cafe – Tahoe City, California

Toys for Tots, Rosie’s Cafe – Tahoe City, California

Toys for Tots, Sunnyside Resort – Tahoe City, CaliforniaRosie’s Café will host a Toys for Tots Collection Party on Friday, December 7, 2012 in downtown Tahoe City, California.  This is the second of four Toys for Tots Collection parties, and offers another opportunity to become part of the Tahoe community program.

Rosie’s Café toy collection event organizers, Tim Cussin and Asron Gaines, who are both part of “The Gang”, which is a group of local professionals who are committed to making the greater Tahoe area an even better place to live, are having a fun evening for grown-up’s!

Attendees are asked to bring a board game, or a deck of cards to play, along with a new, unwrapped toy.  Rosie’s will be offering discounted appetizers and beverages throughout the evening.

The local Toys for Tots goal this year is to collect 1,500 toys for Tahoe children in need.  Come out and have a fund night at Rosie’s Café.

Rosie's Cafe, Tahoe City, CAHere are the details:

Toys for Tots, Rosie’s Cafe – Tahoe City, California

Where: Rosie’s Cafe, 571 North Lake Blvd., Tahoe City, California. Located in the heart of downtown Tahoe City.

When:  Friday, December 7, 2012 –  7 p.m. to 11 p.m. (Adults Only)

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

For more information on the Toys for Tots events contact Elaine Durazo, LCO at 530.583.5581, or check out http://TahoeTruckee.ToysForTots.com

To make a cash donation, please make checks payable to:

Marine Corps Toys for Tots Foundation -No. Lake Tahoe-Truckee Areas
C/O Coldwell Banker -Post Office Box 5248, Tahoe City, CA 96145, Attn. : Elaine Durazo

Need some shopping ideas?  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 (see above) and give a monetary donation.  Any new, unwrapped toy/gift is greatly appreciated.

Too often we think our contributions don’t matter, but each gift counts!  This is your chance to make a difference for the local Tahoe-Truckee area children, so come out and have some fun at Rosie’s Café, or at one of the other Toys for Tots events.

Get your board games and come on down to Rosie’s Café for a fun night to support the Toys for Tots campaign this Friday, December 7, 2012!

[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, Rosie’s Cafe – Tahoe City, 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