Laura Allen | 530.414.1260 Broker Associate, CRS Tahoe REALTOR®, Tahoe-Truckee Area, CalBRE#01473598

Contact Me

Tahoe City Homes for Sale Market Report

Tahoe City Homes for Sale Market Report | 01/01 - 8/31/2017

Here is how the Tahoe City, California real estate market has performed for for the first eight (8) months of 2017. 

Here is the Tahoe City, California homes for sale Market Report for the January 1, 2017 through August 31, 2017* time period.

Tahoe City Homes Sold Market Report | 01/01 - 08/31/2017:

Sold Sales:  Tahoe City area has had 47 single family homes sold for the Jan-Aug 2017 period. The Tahoe City single family home sales price has slightly decreased in 2017, but that slight decrease is most likely linked to the lack of closed Tahoe City Lakefront home sales.  The median homes sales price, which is now at $690,000 versus 2016 at $705,000.

The Tahoe City area has only had three (3) bank foreclosure sales so far in 2017, which in real numbers means 3 out of 47 homes sold was a distressed sale, leaving bargain hunters with few choices.

The median average days on market (DOM) has dropped significantly, almost in half, from 90 DOM to 52 DOM.

Tahoe City Homes for Sale Market Report Multiple Year Chart
Cash Sale Transactions:  The number of cash sale transactions for the Tahoe City area for 2017 has decreased to 28%, which is just a little more than 1 out of every 4 sales, which is still impressive and is following the Tahoe-Truckee regional rate of 29%.

Distress Sales: Distress sellers (bank foreclosures- Real Estate Owned (REO’s) and short sales) is running higher at 8.5% of all homes sold in Tahoe City for 2017, but in real numbers this only represents 3 out of the 47 homes sold.

Active Homes for Sale:  There are fifty-two (52) Active– available homes for sale in the Tahoe City area as of 09-05-2017. They ranged in price from $240,000 (home on government leased land) to $32 million.  If we don't include the cabin that is for sale on a state lands lease, then the starting price for a single family home is $550,000.  

There are six (6) Tahoe City lakefront homes for sale as of 09/05/2017
 
 

The current inventory levels for the Tahoe City area are extremely limited. Of the fifty-two (52) homes offered for sale, there are no short sales, no REO (Bank Foreclosures) or Trustee Sales, or 0% of the current listings are distressed, which is typical for a normal market.

Pending Home Sales:There are twenty (20) pending home sales in the Tahoe City area (almost half of the current inventory for sale) and they range in price from $475,000 to $8.9 million (lakefront property).

There are no short sales, or REO/Bank Foreclosures.  There is one (1) lakefront home that is sale pending.

Tahoe City Homes for Sale Market Report Summary - 2017* back to 2006:

Year

Homes

Sold

Median Average Sales Price

Lowest

Price Sold

Highest

Price Sold

%

Cash

Transactions

%

Distressed

Sales

Breakdown

of distressed

Sales

2017*

47

$690,000

$299,900

$1,625,000

0 Lakefronts

28%

6.4%

3 REO’s

0 Short Sales

2016

120

$705,000

$330,000

$17,500,000

7 Lakefronts

37%

2.5%

2 REO’s

1 Short Sales

2015

105

$650,000

$315,000

$8,199,000

4 Lakefronts

34%

1%

1 REO’s

0 Short Sales

2014

84

$670,000

$290,000

$6,500,000

4 Lakefronts

44%

5%

2 REO’s

3 Short Sales

2013

85

$592,500

$214,000

$6,750,000

3 Lakefronts

37%

38%

1 REO’s

3 Short Sales

2012

109

$568,000

$179,000

$17,250,000

9 Lakefronts

39%

23%

11 REO’s

13 Short Sales

1 Court Approval Sale

2011

64

$555,000

$257,000

$6,450,000

5 Lakefronts

34%

25%

7 REO’s

9 Short Sales

2010

70

$653,000

$219,900

$7,100,000

7 Lakefronts

39%

19%

7 REO’s

6 Short Sale

2009

65

$635,000

$340,000

$6,288,000

4 Lakefronts

26%

17%

5 REO’s

6 Short Sale

2008

50

$741,500

$350,000

$20,000,000

5 Lakefronts

26%

0%

0 REO’s

0 Short Sale

2007

56

$883,500

$525,000

$12,400,000

4 Lakefronts

21%

0%

0 REO’s

0 Short Sale

2006

89

$890,000

$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 – 08/31/2017. 

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

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, need help finding the right Tahoe City home to buy, or would like to know what your Tahoe City home may be worth, call Laura Allen at 530.414.1260
 

 
 
 
 
 
 
 
 
 
 
 
Tahoe City Lakefront Condos for Sale on the North Shore 
 
For all of your Tahoe City real estate needs –
 
BROKER ASSOCIATE, Tahoe Real Estate Agent, Tahoe REALTOR®,
Cal BRE# 01473598 ColdwellBankerCalBRE#01908304
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.