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

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Lahontan Homes for Sale Market Report

Lahontan Homes Sold Market Report – Year End 2016:

Sold Sales: Lahontan had twenty-four (24) single family homes sold in 2016. 

Lahontan single family average median homes sales price was up slightly at $1,970,000 and an average sales price of $2,026,854 

I urge using extreme caution when reviewing sale numbers that are very small in number.   Small data groups will skew percentages both up and down when comparing to the prior year. Look at the over-all Lake Tahoe-Truckee market trends and data for a bigger data group.
 
The median average days on the Multiple Listing Service (MLS) market was 172 DOM.  However, 42% of the homes sold had an accepted offer in less than 60 days of being listed in the MLS.  

Cash Sale Transactions:
The number of cash sale transactions for the Lahontan area has increased significantly to 50%, which is more almost twice the regional Truckee Regional average of 29% for 2016.
 
Cash sales were 1 out of every 2 homes sold in Lahontan in 2016.

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 2016 being distressed.

Active Homes for Sale:
There are fourteen (14) Active – available homes for sale in the gated community of Lahontan as of 02/27/2017. They ranged in price from $1,785,000 to $4,889,000, with an average median asking listed sales price of $2,347,500.
 
The current inventory levels for the Lahontan area are limited. Of the seventeen (17) homes offered for sale, there are none (Zero - 0) short sales, and no (Zero - 0) REO (Bank Foreclosure) listings, or 0% of the current listings are distressed, which is reflective of normal market conditions.
 
Pending Home Sales: There is one (1) pending home sale in the Lahontan area and it is listed at $1,695,000. There are zero (0) short sales, and no (Zero -0) REO/Bank Foreclosures pending sales.
 
Lahontan Homes for Sale Market Chart Data 2016 
 
Lahontan Homes Sold Real Estate Market: Multiple Year History
 

Year

Homes

Sold

Median Average Sales Price

Lowest

Price Sold

Highest

Price Sold

% Cash

Transactions

%

Distressed

Sales

Breakdown

of distressed

Sales

2016*

24

$1,970,000

$1,230,000

$3,250,000

50%

0%

0 REO’s

0 Short Sales

2015

15

$1,953,000

$1,100,000

$2,800,000

33%

0%

0 REO’s

0 Short Sales

2014

13

$1,875,000

$1,095,000

$5,850,000

54%

8%

0 REO’s

1 Short Sales

2013

17

$1,650,000

$1,050,000

$2,600,000

59%

12%

0 REO’s

2 Short Sales

2012

11

$1,575,000

$720,000

$1,970,000

73%

27%

1 REO’s

2 Short Sales

2011

11

$1,400,000

$945,000

$2,500,000

45%

0%

0 REO’s

0 Short Sales

2010

12

$1,720,000

$1,051,000

$2,225,000

67%

17%

1 REO’s

1 Short Sale

2009

11

$1,725,000

$945,000

$2,650,000

55%

18%

2 REO’s

0 Short Sale

2008

11

$2,000,000

$1,400,000

$4,250,000

64%

0%

0 REO’s

0 Short Sale

2007

7

$2,150,000

$1,725,000

$3,875,000

77%

0%

0 REO’s

0 Short Sale

2006

11

$2,350,000

$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, 2016 - December 31, 2016.

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.

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:
 
 

 
For all of your Tahoe real estate needs –
Laura Allen, Tahoe Real Estate Agent
530.414.1260
Broker Associate,
Cal BRE # 01473598
©Laura Allen | 530.414.1260 | www.TahoeLauraLuxuryHomes.com