Lake Tahoe Real Estate Affected By the Rim Fire
Lake Tahoe Real Estate – The Rim Fire
Lake Tahoe real estate sellers are hoping that the large fire by Yosemite, otherwise know as The Rim Fire, will not affect the Lake Tahoe real estate sales this coming Labor Day weekend.
Lake Tahoe Real Estate – The Rim Fire Pic
This past week has seen a decent share of smoke from the American Fire by Auburn, but just as it got 72% contained, the Rim Fire Started, and the winds have been unfavorable to Lake Tahoe real estate region, blowing NE directly into Lake Tahoe real estate region.
The air quality has been poor and the AirNow.com has issued an Unhealthy for Sensitive Groups air quality advisory. This morning was the worst we’ve seen in the past week, and Lake Tahoe real estate owners are encouraged to stay indoors and refrain from outdoor physical activity.
This may discourage Lake Tahoe real estate buyers to make the trek up to Tahoe for one of Lake Tahoe’s busiest weekends, Labor Day, but there is still a chance that the fires will be contained by next weekend.
The Rim Fire has been 2% contained thus far, and Lake Tahoe real estate owners should consult the National Weather Advisory if they are planning a trip up. Currently they have issued a 1/4 mile visibility warning, and unhealthy air advisory in effect until Sat.
It may be a perfect time to window shop for Lake Tahoe Real Estate from the confounds of your home! The link has all the latest properties as per Lake Tahoe MLS, and is updated in real time, or contact Olja Mihic, Your Lake Tahoe Realtor, leader in Lake Tahoe luxury homes with any Tahoe real estate questions.
Click to search Squaw Valley real estate.
Lake Tahoe Real Estate: Market Report July 29th – Aug 4th
Lake Tahoe Real Estate 2013 Weekly Market Report by Olja Mihic, Your Lake Tahoe Realtor
Lake Tahoe MLS: North Lake Tahoe Real Estate/Truckee Real Estate Region Including Squaw Valley Real Estate
Residential Properties – Single Family Homes and Condominiums
Week of: July 29th to August 4th
Active Inventory Summary:
Lake Tahoe Real Estate Active Listings: Lake Tahoe MLS shows the current inventory of residential Lake Tahoe real estate went up slightly from last week with 908 residential Lake Tahoe real estate for sale; 682 single family homes and 226 Lake Tahoe condominiums for sale.
Lake Tahoe Foreclosures (REO)-Short Sale Active Listings: Lake Tahoe MLS shows of the active Lake Tahoe real estate listings, there are only 4 Lake Tahoe properties listed as a Lake Tahoe foreclosure (REO) and 15 properties listed as a short sale.
Lake Tahoe Real Estate Months of Inventory: Based on the current active Lake Tahoe real estate inventory and sales for the previous 30-day period, the market has over 7-months of inventory available.
Sales Summary: Year-To-Date
Total Sales 2013 Vs. 2012:
Total Sales: For 2013, there have been 806 residential Lake Tahoe properties sold in the market which is 11% higher than the 728 Lake Tahoe properties sold in 2012 for the same period. Of the total Lake Tahoe real estate sales in the market this year, 637 have been single family homes, while 169 or 21% of the sales are Lake Tahoe condominiums. In 2012 for the same period, Lake Tahoe condominiums represented 24% of the sales.
Lake Tahoe Foreclosures (REO) & Short Sales: Distressed Lake Tahoe real estate sales are down significantly for the year with 47 Lake Tahoe foreclosures (REO) sales, (6%), and 80 Short Sales, (10%) which results in 16% of the Lake Tahoe properties sold being distressed properties. Conversely, in 2012 for the same period, there were 128 Lake Tahoe foreclosures (REO) sales and 117 short sales or 33% of the total Lake Tahoe real estate sales being distressed properties.
Sales by Price Range: In 2013, there have been 460 residential Lake Tahoe properties sold with a purchase price below $500,000, 250 Lake Tahoe properties sold between $500,000 and $1,000,000 and 96 Lake Tahoe properties sold over $1,000,000.
Median and Average Sales Prices: The median Lake Tahoe real estate sales price for properties sold year to date is $450,000 while the average Lake Tahoe real estate sales price is $664,194. For the same period in 2012, the median Lake Tahoe real estate sales price was $391,000 and the average Lake Tahoe real estate sales price was $531,362 which is an increase of 15% in median sales price and an increase of 25% in average sales price.
Last Week’s Sales: Lake Tahoe MLS shows for the week of July 29th a total of 30 Lake Tahoe properties sold which was up slightly from the prior week’s sales of 27 properties.
Pending Sales: Per Lake Tahoe MLS, currently there are 238 pending residential Lake Tahoe real estate sales in the market which is down from the previous week’s pending sales of 247. Of the pending Lake Tahoe properties, 19% are distressed properties with 37 being short sales and 8 being Lake Tahoe Foreclosures (REO’s).
Lake Tahoe Real Estate Market Activity Summary:
July 2013 Lake Tahoe real estate sales finished strong and were 19% of July sales last year. For the month of July, there were 135 total residential Lake Tahoe real estate sales as compared to 113 in 2012. On a year to date basis, a total of 806 residential Lake Tahoe properties have sold which is up 11% from the 728 sales for the same period last year.
The median Lake Tahoe real estate sales price for residential Lake Tahoe properties remains at its highest point of $450,000 which is up 15% from the median Lake Tahoe real estate sales price of $391,000 in 2012. Similarly the average Lake Tahoe real estate sales price has gone up a dramatic 25% to $664,194 as compared to last year’s average sales price of $531,362 due in large part to the higher number of Lake Tahoe luxury homes sales in the market since the beginning of the new year.
The segment of the Lake Tahoe real estate market with the highest level of sales continues to be homes priced under $500,000 as 57% of the sales or 460 properties have sold in this price range which is down slightly from 2012 where over 65% of sales or 475 properties sold in this price range.
Lake Tahoe luxury homes sales, homes priced above $1,000,000, have gone up 71% from 2012 with 96 Lake Tahoe luxury homes selling since the beginning of the year as compared to only 56 Lake Tahoe luxury homes sales for the same period in 2012. Lake Tahoe luxury homes sales represent 12% of sales thus far this year. The median sales price for Lake Tahoe luxury homes in 2013 is $1,712,500 as compared to a median price of $1,397,500 in 2012 which is up 22%. The average sales price of Lake Tahoe luxury homes in 2013 is $2,276,729 as compared to $2,046,173 in 2012 which is an 11% increase.
The mid range Lake Tahoe real estate market sales, $500,000 to $1,000,000 have gone up 27% from last year with 250 Lake Tahoe properties sold in this segment or 31% of sales as compared to 197 lake Tahoe properties sold or 27% of sale in this range in 2012.
Distressed properties, Lake Tahoe foreclosures (REO’s) and Short Sales, have become much less impactful relative to what we experienced in 2012. For 2013, short sale properties closed have gone down 31% with 80 closed short sales in 2013 as compared to 117 closed short sales in 2012. Similarly, lake Tahoe foreclosures (REO) properties closed in 2013 have gone down (63%) with 47 properties closed in 2013 as compared to 128 properties closed in 2012. Overall, distressed property sales, (Lake Tahoe foreclosures (REO) and Short Sales) represent 16% of the Lake Tahoe real estate sales in 2013 which is significantly less than the 33% in 2012.
The active Lake Tahoe real estate inventory on a year over year basis is down roughly 12% as we currently have 908 residential Lake Tahoe properties listed for sale as compared to 1,035 a year ago at this time. Lake Tahoe real estate inventory is at its highest point for 2013.
IT’S NOT TOO LATE: With current Lake Tahoe real estate inventory levels, there remain many quality properties to choose from throughout the north Lake Tahoe real estate and Truckee real estate area. When you compound the Lake Tahoe real estate inventory available with homes still priced at 10-year lows and some of the lowest interest rates in history, savvy real estate investors are taking advantage of this market and acquiring homes in many of the Lake Tahoe real estate and Truckee real estate resort communities.
Contact Olja Mihic, Your Lake Tahoe Realtor Today to Find Out More about the Opportunities Available in the Lake Tahoe Real Estate-Truckee Real Estate Market, Including Squaw Valley Real Estate.
Note: Data on this page is based on information from the Tahoe Sierra Board of Realtors, MLS. Due to Lake Tahoe MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data’s accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. BRE License # 1908304
Lake Tahoe Real Estate: Market Report Jul 22-28
Lake Tahoe Real Estate 2013 Weekly Market Report by Olja Mihic, Your Trusted Lake Tahoe Realtor
Lake Tahoe MLS Region, Including Truckee Real Estate, and Squaw Valley Real Estate
Residential Properties – Single Family Homes and Condominiums
Week of: July 22nd to July 28th
Lake Tahoe Real Estate Active Inventory Summary:
Active Listings: The current inventory of residential Lake Tahoe real estate stayed the same from last week with 892 residential Lake Tahoe properties for sale; 673 single family homes and 219 Lake Tahoe condominiums for sale. Coldwell Banker has over 16% of the Lake Tahoe real estate active listings in the market and continues to be the market leader for listings.
Lake Tahoe Foreclosures (REO)-Short Sale Active Listings: Of the Lake Tahoe real estate active listings, there are only 3 properties listed as an Lake Tahoe Foreclosures (REO) and 11 properties listed as a short sale.
Months of Inventory: Based on the current active Lake Tahoe real estate inventory and sales for the previous 30-day period, the market has 7-months of inventory available.
Lake Tahoe Real Estate Sales Summary: Year-To-Date
Total Lake Tahoe Real Estate Sales 2013 Vs. 2012:
Total Sales: Lake Tahoe MLS shows for 2013, there have been 768 residential Lake Tahoe real estate sold in the market which is roughly 11% higher than the 688 Lake Tahoe properties sold in 2012 for the same period. Of the total Lake Tahoe real estate sales in the market this year, 607 have been single family homes, while 161 or 21% of the sales are Lake Tahoe condominiums. In 2012 for the same period, Lake Tahoe condominiums represented almost 25% of the sales.
Lake Tahoe Foreclosures (REO) & Short Sales: Lake Tahoe MLS shows distressed property sales are down significantly for the year with 46 Lake Tahoe foreclosures (REO) sales, (6%), and 79 Short Sales, (10%) which results in 16% of the Lake Tahoe real estate sold being distressed properties. Conversely, in 2012 for the same period, there were 119 Lake Tahoe foreclosures (REO) sales and 114 short sales or 34% of the total Lake Tahoe real estate sales being distressed properties.
Lake Tahoe Real Estate Sales by Price Range: In 2013, there have been 437 residential Lake Tahoe properties sold with a purchase price below $500,000, 239 Lake Tahoe properties sold between $500,000 and $1,000,000 and 92 properties sold over $1,000,000.
Median and Average Sales Prices: The median Lake Tahoe real estate sales price for properties sold year to date is $450,000 while the average Lake Tahoe real estate sales price is $668,894. For the same period in 2012, the median Lake Tahoe real estate sales price was $393,500 and the average Lake Tahoe real estate sales price was $528,742 which is an increase of 15% in median sales price and an increase of 26% in average sales price.
Last Week’s Sales: For the week of July 22nd a total of 27 Lake Tahoe properties sold which was down slightly from the prior week’s Lake Tahoe real estate sales of 30 properties.
Pending Sales: Currently there are 247 pending residential Lake Tahoe real estate sales in the market which is up from the previous week’s pending sales of 239. Of the pending properties, 19% are distressed properties with 40 being short sales and 9 being Lake Tahoe foreclosures (REO’s).
Market Activity Summary:
Lake Tahoe MLS shows sales for the first four weeks of July 2013 are up slightly from 2012 with 109 residential Lake Tahoe real estate sales closed as compared to 95 in 2012. For 2013, a total of 768 residential Lake Tahoe properties have sold which is up 11% from the 688 Lake Tahoe real estate sales for the same period last year.
Coldwell Banker Residential Brokerage for 2013 is #1 in the entire market in terms of both unit sides sold, (373 sales) and sales volume sold, ($163 million).
The median Lake Tahoe real estate sales price for residential Lake Tahoe properties remains at its highest point of $450,000 which is up 15% from the median Lake Tahoe real estate sales price of $393,500 in 2012. Similarly the average Lake Tahoe real estate sales price has gone up a sizeable 26% to $668,894 as compared to last year’s average sales price of $528,742 due in large part to the higher number of lake Tahoe luxury homes sales in the market since the beginning of the new year.
The segment of the Lake Tahoe real estate market with the highest level of sales continues to be homes priced under $500,000 as 57% of the sales or 437 Lake Tahoe properties have sold in this price range which is down slightly from 2012 where over 65% of sales or 447 Lake Tahoe properties sold in this price range.
Lake Tahoe luxury home sales, homes priced above $1,000,000, have gone up 84% from 2012 with 92Lake Tahoe luxury homes selling since the beginning of the year as compared to only 50 Lake Tahoe luxury homes sales for the same period in 2012. Lake Tahoe luxury homes sales represented 12% of sales thus far this year. The median sales price for Lake Tahoe luxury homes in 2013 is $1,712,500 as compared to a median price of $1,385,000 in 2012 which is up 24%. The average sales price of Lake Tahoe luxury homes in 2013 is $2,310,745 as compared to $2,077,614 in 2012 which is an 11% increase.
The mid-range market sales, $500,000 to $1,000,000 have gone up 25% from last year with 239 Lake Tahoe properties sold in this segment or 31% of sales as compared to 191 properties sold or 27% of sale in this range in 2012.
Distressed properties, Lake Tahoe foreclosures (REO’s) and Short Sales, have in essence become much less impactful relative to what we experienced in 2012. For 2013, short sale properties closed have gone down 30% with 79 closed short sales in 2013 as compared to 114 closed short sales in 2012. Similarly, Lake Tahoe foreclosures (REO) properties closed in 2013 have gone down (61%) with 46 Lake Tahoe properties closed in 2013 as compared to 119 Lake Tahoe properties closed in 2012. Overall, distressed property sales, (Lake Tahoe Foreclosures (REO) and Short Sales) represent 16% of the sales in 2013 which is significantly less than the 34% in 2012.
The active Lake Tahoe real estate inventory on a year over year basis is down roughly 14% as we currently have 892 residential Lake Tahoe real estate listed for sale as compared to 1,035 a year ago at this time. Inventory is at its highest point for 2013.
NOW MAY BE A GREAT TIME TO CONSIDER BUYING! With today’s solid Lake Tahoe real estate inventory, there remain many quality Lake Tahoe properties to choose from throughout the north Lake Tahoe real estate and Truckee real estate area. When you compound the Lake Tahoe real estate inventory available with homes still priced at 10-year lows and some of the lowest interest rates in history, savvy real estate investors are taking advantage of this market and acquiring homes in many of the Lake Tahoe real estate and Truckee real estate resort communities.
Contact Olja Mihic, Your Lake Tahoe Realtor Today to Find Out More about the Opportunities Available in the Lake Tahoe Real Estate-Truckee Real Estate Market.
Note: Data on this page is based on information from the Tahoe Sierra Board of Realtors, MLS. Due to Lake Tahoe MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data’s accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. BRE License # 1908304
Squaw Valley Real Estate and Resort Expansion
Squaw Valley Real Estate
As a Squaw Valley real estate agent and a season pass-holder, I had recently completed an electronic survey sent out by Squaw Valley ski resort to its patrons. As I have been a loyal Squaw Valley pass-holder for 16 years and a full-time Squaw Valley real estate agent, I am not disturbed by the email spam, but rather welcome the fact that Squaw Valley finally cares, and collects opinions from people like Squaw Valley real estate owners who are affected by the tides of the Squaw Valley Ski Resort, and is incorporating those views in its decision making.
Squaw Valley ski resort has sent out these surveys before, and have implemented improvements based on the results, but this time the survey results would impact the Squaw Valley real estate community as a whole, and I believed 10 minutes of my time was necessary to complete the survey.
The survey consisted of questions about the proposed Squaw Valley water park and adventure center expansion. There was even a drawing of the proposed building with Squaw Valley real estate condos above the water park. It looked much like the current buildings in the Squaw Valley Real Estate Village, and I believe it would be positioned at the base of the mountain where the current Children’s World is.
There are talks of swimming lagoons, rapids for kayaking, lazy river, ski-jump training facility, wave pool for surfing, and even indoor skydiving.
So, how would this affect the Squaw Valley real estate community? Will the overabundance of Squaw Valley real estate dilute the current Squaw Valley real estate market? Or will the facilities draw more Squaw Valley real estate buyers?
No one knows what the future holds, but change is not always bad.
Click on link for current Squaw Valley real estate listings, as they become available in Lake Tahoe MLS, or contact Olja Mihic, your Lake Tahoe realtor for more on the subject.
Lake Tahoe Real Estate: Market Report July 15-21
2013 Weekly Lake Tahoe Real Estate Market Report by Olja Mihic, Your Lake Tahoe Realtor
North Lake Tahoe MLS-Truckee Real Estate Region, Including Squaw Valley Real Estate Lake Tahoe MLS
Residential Properties – Single Family Homes and Condominiums
Week of: July 15th to July 21st
Lake Tahoe Real Estate Active Inventory Summary:
Active Listings: The current inventory of residential Lake Tahoe real estate, including Squaw Valley Real Estate, went up slightly from the previous week to 892 residential Lake Tahoe properties for sale; 674 single family homes and 218 Lake Tahoe condominiums for sale. Coldwell Banker has over 16% of the Lake Tahoe real estate active listings in the market and continues to be the market leader for Lake Tahoe real estate listings.
Lake Tahoe Foreclosures (REO)-Short Sale Active Listings: Of the Lake Tahoe real estate active listings, there are only 4 Lake Tahoe properties listed as a Lake Tahoe Foreclosure (REO) and 11 properties listed as a short sale.
Months of Inventory: Based on Lake Tahoe MLS, the current Lake Tahoe real estate active inventory and sales for the previous 30-day period, including Squaw Valley Real Estate, the market has almost 7-months of inventory available.
Lake Tahoe Real Estate Sales Summary: Year-To-Date
Total Sales 2013 Vs. 2012:
Total Sales: Lake Tahoe MLS reports for 2013, there have been 737 residential Lake Tahoe real estate sold in the market which is roughly 10% higher than the 672 Lake Tahoe properties sold in 2012 for the same period. Of the total Lake Tahoe real estate sales in the market this year, 578 have been single family homes, while 159 or 22% of the sales are Lake Tahoe condominiums. In 2012 for the same period, Lake Tahoe condominiums represented almost 23% of the Lake Tahoe real estate sales.
Lake Tahoe Foreclosures (REO) & Short Sales: Distressed Lake Tahoe real estate sales are down significantly for the year with 45 Lake Tahoe Foreclosures (REO) sales, (6%), and 77 Short Sales, (10%) which results in 16% of the Lake Tahoe properties sold being distressed properties. Conversely, in 2012 for the same period, there were 119 Lake Tahoe foreclosures (REO) sales and 113 short sales or 34% of the total Lake Tahoe real estate sales being distressed properties.
Sales by Price Range: Lake Tahoe MLS reports in 2013, there have been 420 residential Lake Tahoe real estate sold with a purchase price below $500,000, 226 Lake Tahoe properties sold between $500,000 and $1,000,000 and 91 Lake Tahoe properties sold over $1,000,000.
Median and Average Sales Prices: The median Lake Tahoe real estate sales price for properties sold year to date is $450,000 while the average Lake Tahoe real estate sales price is $674,266. For the same period in 2012, the median sales price was $389,950 and the average sales price was $525,477 which is an increase of 15% in median sales price and an increase of 28% in average Lake Tahoe real estate sales price.
Last Week’s Sales: Lake Tahoe MLS shows for the week of July 15th a total of 30 Lake Tahoe properties sold which was up 67% from the prior week’s sales of 18 Lake Tahoe properties. Of the Lake Tahoe real estate sold last week, (6) properties sold at a price above $1,000,000.
Pending Sales: Per Lake Tahoe MLS, currently there are 239 pending residential Lake Tahoe real estate sales in the market which is up from the previous week’s pending sales of 237. Of the pending Lake Tahoe real estate, 19% are distressed properties with 39 being short sales and 7 being Lake Tahoe foreclosures (REO’s).
Market Activity Summary:
Lake Tahoe real estate sales for the first three weeks of July are identical to the sales for 2012 with 79 residential sales in 2013 thus far. For 2013, a total of 737 residential Lake Tahoe properties have sold which is up almost 10% from the 672 sales for the same period last year.
Coldwell Banker Residential Brokerage for 2013 is #1 in the entire market in terms of both unit sides sold, (355 sales) and sales volume sold, ($155 million).
The median Lake Tahoe real estate sales price for residential Lake Tahoe properties remains at its highest point of $450,000 which is up 15% from the median sales price of $389,950 in 2012. Similarly the average Lake Tahoe real estate sales price has gone up a sizeable 28% to $674,266 as compared to last year’s average sales price of $525,477 due in large part to the higher number of lake Tahoe luxury homes sales in the market since the beginning of the new year.
The segment of the market with the highest level of sales continues to be homes priced under $500,000 as 57% of the sales or 420 lake Tahoe properties have sold in this price range which is down slightly from 2012 where over 65% of sales or 440 Lake Tahoe properties sold in this price range.
Lake Tahoe luxury homes sales, homes priced above $1,000,000, have gone up 89% from 2012 with 91 Lake Tahoe luxury homes selling since the beginning of the year as compared to only 48 Lake Tahoe luxury homes sales for the same period in 2012. Lake Tahoe luxury homes sales represented 12% of Lake Tahoe real estate sales thus far this year. The median sales price for Lake Tahoe luxury homes in 2013 is $1,725,000 as compared to a median price of $1,385,000 in 2012 which is up 24%. The average sales price of Lake Tahoe luxury homes in 2013 is $2,317,731 as compared to $2,089,181 in 2012 which is an 11% increase.
The mid range market sales, $500,000 to $1,000,000 have gone up 23% from last year with 226 Lake Tahoe properties sold in this segment or 31% of sales as compared to 184 properties sold or 27% of sale in this range in 2012.
Distressed properties, Lake Tahoe foreclosures (REO’s) and Short Sales, have in essence become much less impactful relative to what we experienced in 2012. For 2013, short sale properties closed have gone down 32% with 77 closed short sales in 2013 as compared to 113 closed short sales in 2012. Similarly, Lake Tahoe foreclosures (REO) properties closed in 2013 have gone down (62%) with 45 Lake Tahoe properties closed in 2013 as compared to 119 properties closed in 2012. Overall, distressed property sales, (Lake Tahoe foreclosures REO and Short Sales) represent 16% of the Lake Tahoe real estate sales in 2013 which is significantly less than the 34% in 2012.
The active Lake Tahoe real estate inventory on a year over year basis is down roughly 14% as we currently have 892 residential Lake Tahoe real estate listed for sale as compared to 1,037 a year ago at this time. We are still seeing slight growth in Lake Tahoe real estate inventory week to week which is likely to end in the next 30-45 days. Inventory is at its highest point for 2013.
NOW MAY BE A GREAT TIME TO CONSIDER BUYING! With today’s solid Lake Tahoe real estate inventory, there remain many quality Lake Tahoe properties to choose from throughout the north Lake Tahoe real estate and Truckee real estate area (for full list call Olja Mihic, your Lake Tahoe Realtor). When you compound the inventory available with homes still priced at 10-year lows and some of the lowest interest rates in history, savvy real estate investors are taking advantage of this market and acquiring homes in many of the Lake Tahoe and Truckee resort communities.
Contact Olja Mihic, Your Lake Tahoe Realtor Today to Find Out More about the Opportunities Available in the Lake Tahoe Real Estate-Truckee Real Estate Market, Including Squaw Valley Real Estate.
Note: Data on this page is based on information from the Tahoe Sierra Board of Realtors, MLS. Due to Lake Tahoe MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data’s accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. BRE License # 1908304