Laura Allen | 530.414.1260 Broker Associate, Tahoe REALTOR® CalRE#01473598 | Lake Tahoe-Truckee Area

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Lahontan Homes for Sale Market Report

Lahontan Homes Sold Market Report – 01/01 to 12/31/2017:

  • Sold Sales: The Lahontan area had sixteen (16) single family homes sold from 01/01/2017 - 12/31/2017 period. 
    • The transaction volume dropped by 33% over 2016 levels. 
  • Average Median Sales Price:  Lahontan single family average median homes sales prices are up to $2,,387,500 and an average sales price of 2,310,781. 
  • Listed Price to Sold Price Ratio: The listed sale price to sold sales price was approximately 99% for the Lahontan area in 2017.
  • Days on Market (DOM):  The median average days on the Multiple Listing Service (MLS) market was 145 DOM.   
  • Cash Sale Transactions: The number of cash sale transactions for the Lahontan area has decreased significantly from the 50% level in 2016 to 25% in 2017, but is close to the regional Truckee Regional average of 28.5% for 2017.
    • In real numbers about 1 out of every 4 homes sold in Lahontan was a cash transaction in 2017.
  • Distress Sales: Distress sellers bank foreclosures- Real Estate Owned (REO’s), short sales, and court approval sales remained stable with 0% of all homes sold in 2017 being distressed.
    • As a point of reference a normal range for distressed sales is 1-5% of transactions will fall into the distressed sales category. 
  • Active Homes for Sale: There are twelve (12) Active – available homes for sale in the gated community of Lahontan as of 01/15/2018. They ranged in price from $1,749,000 to $4,889,000, with an average median asking listed sales price of $2,972,500.  
    • The current inventory levels for the Lahontan area are extremely limited.  
    • Out of the twelve (12) Active - available homes for sale in the Lahontan, there are no (Zero - 0) short sales, no (Zero - 0) REO (Bank Foreclosure) listings, and no (Zero - 0) court approval sales, or 0% of the current listings are distressed, which is reflective of normal market conditions. 
  • Pending Home Sales: There are three (3) pending home sale in the Lahontan area and they range from $1,349,000 to $1,799,000. 
    • There are zero (0) short sales, zero (0) REO/Bank Foreclosures, or zero (0) court approval pending sales.

Lahontan Homes Sold Market Report – 01/01 to 12/31/2017 

 
 
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Lahontan Homes Sold Real Estate Market: Multiple Year History
This table is best viewed on a desktop, laptop, or a device with a larger screen. 
 

Year

Homes

Sold

Median

Average

Sales

Price

Average

Sales

Price

DOM

Days

On

Market

Lowest

Price

Sold

Highest

Price

Sold

%

Cash

Transactions

%

Distressed

Sales

Breakdown

of

distressed

Sales

2017*

16

$2,387,500

$2,310,781

145

$1,325,000

$3,150,000

25%

0%

0 REO’s

0 Short Sales

2016

24

$1,970,000

$2,026,854

172

$1,230,000

$3,250,000

50%

0%

0 REO’s

0 Short Sales

2015

15

$1,953,000

$2,013,000

140

$1,100,000

$2,800,000

33%

0%

0 REO’s

0 Short Sales

2014

13

$1,875,000

$2,124,423

99

$1,095,000

$5,850,000

54%

8%

0 REO’s

1 Short Sales

2013

17

$1,650,000

$1682,647

233

$1,050,000

$2,600,000

59%

12%

0 REO’s

2 Short Sales

2012

11

$1,575,000

$1,549,318

245

$720,000

$1,970,000

73%

27%

1 REO’s

2 Short Sales

2011

11

$1,400,000

$1,560,000

278

$945,000

$2,500,000

45%

0%

0 REO’s

0 Short Sales

2010

12

$1,720,000

$1,705,545

321

$1,051,000

$2,225,000

67%

17%

1 REO’s

1 Short Sale

2009

11

$1,725,000

$1,708,990

126

$945,000

$2,650,000

55%

18%

2 REO’s

0 Short Sale

2008

11

$2,000,000

$2,180,454

255

$1,400,000

$4,250,000

64%

0%

0 REO’s

0 Short Sale

2007

9

$2,150,000

$2,344,444

393

$1,725,000

$3,875,000

77%

0%

0 REO’s

0 Short Sale

2006

11

$2,350,000

$2,495,227

326

$1,500,000

$4,000,000

36%

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.
* Year to Date Period: January 1, 2017 - December 31, 2017.

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 TSMLS'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.
 
  • 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.
  • Buyers and Sellers are always encouraged to review the broader North Lake Tahoe - Truckee Regional Market Data and Trends for more information and insight.
If you’d like more information on the Lahontan area, or would like to know
call Laura Allen at 530.414.1260
 
Search for Homes for sale in the Lahontan area here:
 
 
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Overview and summary of this complex completed by:
BROKER ASSOCIATE, Tahoe Real Estate Agent
CalRE# 01473598
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.