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