2013 Weekly Lake Tahoe Real Estate Market Report, by Olja Mihic, Your Lake Tahoe Realtor
North Lake Tahoe MLS – Including: Lake Tahoe Real Estate, Truckee Real Estate Region, Squaw Valley Real Estate
Residential Properties – Single Family Homes and Condominiums
Week of: November 25rd to December 1st
Active Inventory Summary:
Active Listings: Lake Tahoe MLS shows the current inventory of residential Lake Tahoe real estate at 659 residential Lake Tahoe properties for sale; 479 single family Lake Tahoe homes and 180 Lake Tahoe condominiums for sale.
Lake Tahoe Foreclosures (REO)-Short Sale Active Listings: Of the active Lake Tahoe real estate listings, there are only 8 properties listed as a Lake Tahoe foreclosure (REO) and 5 properties listed as a short sale.
Months of Lake Tahoe Real Estate Inventory: Based on the current active Lake Tahoe real estate inventory and sales for the previous 30-day period, as reported by Lake Tahoe MLS, the market has over 5.7-months of inventory available.
Lake Tahoe Real Estate Sales Summary: Year-To-Date
Total Sales 2013 Vs. 2012:
Total Sales: Lake Tahoe MLS shows for 2013, there have been 1,373 residential Lake Tahoe real estate sold in the market which is 4% lower than the 1428 Lake Tahoe properties sold in 2012 for the same period. Of the total Lake Tahoe real estate sales in the market this year, 1085 have been single family Lake Tahoe homes, while 287 or 21% of the sales are Lake Tahoe condominiums. In 2012 for the same period, condominiums represented 21% of the Lake Tahoe real estate sales.
Lake Tahoe Foreclosures (REO) & Short Sales: Distressed property sales are down significantly for the year with 63 Lake Tahoe Foreclosures (REO) sales, (4.5%), and 89 Short Sales, (6.5%) which results in 11% of the Lake Tahoe properties sold being distressed properties. Conversely, in 2012 for the same period, there were 184 Lake Tahoe Foreclosures (REO) sales and 182 short sales or 26% of the total sales being distressed Lake Tahoe properties.
Sales by Price Range: In 2013, there have been 760 residential Lake Tahoe real estate sold with a purchase price below $500,000, 465 Lake Tahoe properties sold between $500,000 and $1,000,000 and 160 Lake Tahoe luxury homes sold over $1,000,000.
Median and Average Sales Prices: The median sales price for Lake Tahoe homes sold year to date is $479,000 while the average Lake Tahoe real estate sales price is $702,885. For the same period in 2012, the median Lake Tahoe real estate sales price was $415,000 and the average Lake Tahoe real estate sales price was $642,743 which is an increase of 15% in median sales price and an increase of 9% in average sales price.
Last Week’s Sales: Lake Tahoe MLS shows for the week of Nov 25 through Dec 1 a total of 11 properties sold. Of the 11 Lake Tahoe real estate sales this past week, there were 2 Lake Tahoe properties sold over $1.0 million and of those one sold at a price above $5.0 million.
Pending Sales: Currently there are 159 pending residential Lake Tahoe real estate sales in the market. Of the pending Lake Tahoe homes, 22% are distressed properties with 29 being short sales and 6 being Lake Tahoe Foreclosures (REO’s).
Lake Tahoe Real Estate Market Summary:
For the month of November, residential Lake Tahoe real estate sales are about the same as last year’s November sales, with 111 Lake Tahoe properties selling as compared to 113 for the same period last year. On a year to date basis, a total of 1,373 residential Lake Tahoe homes have sold which is down 4% from the 1428 sales for the same period last year.
The median Lake Tahoe real estate sales price for residential Lake Tahoe real estate for 2013 is currently at $479,000 which is up 15% from the median Lake Tahoe real estate sales price of $415,000 in 2012. Similarly the average Lake Tahoe real estate sales price has gone up a 9% to $702,885 as compared to last year’s average Lake Tahoe real estate sales price of $642,743.
The segment of the market with the highest level of sales continues to be Lake Tahoe homes priced under $500,000 as 55% of the Lake Tahoe real estate sales or 760 properties have sold in this price range which is down slightly from 2012 where over 64% of Lake Tahoe real estate sales or 920 properties sold in this price range. This variance is an indication of the rising prices in the market.
Lake Tahoe luxury homes sales, Lake Tahoe homes priced above $1,000,000, have gone up 20% from 2012 with 161 Lake Tahoe luxury homes selling since the beginning of the year as compared to 134 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 $1,675,000 as compared to a median price of $1,600,500 in 2012 which is up 5%. The average sales price of Lake Tahoe luxury homes in 2013 is $2,255,132 as compared to $2,431,235 in 2012 which is a 8% decrease.
Mid-range market sales, Lake Tahoe homes priced $500,000 to $1,000,000 have gone up 18% from last year with 465 Lake Tahoe properties sold in this segment or 34% of Lake Tahoe real estate sales as compared to 393 properties sold or 28% of sales in this price range in 2012.
Lake Tahoe MLS reports for 2013, short sale properties closed have gone down 51% with 89 closed short sales in 2013 as compared to 182 closed short sales in 2012. Similarly, Lake Tahoe foreclosures (REO) closed in 2013 have gone down 66% with 63 properties closed in 2013 as compared to 184 properties closed in 2012. Overall, distressed Lake Tahoe property sales, (Lake Tahoe foreclosures (REO) and Short Sales) represent 18% of the Lake Tahoe real estate sales in 2013 which is about the same at 19% in 2012.
THERE ARE STILL GREAT BUYING OPPORTUNITIES: With current Lake Tahoe real estate inventory levels there remain many quality Lake Tahoe homes to choose from throughout the north Lake Tahoe real estate and Truckee real estate area, including Squaw Valley real estate. When you compound the Lake Tahoe real estate inventory available with Lake Tahoe homes priced at 10-year lows and favorable interest rates, savvy Lake Tahoe 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, including Squaw Valley real estate.
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, data’s accuracy is not guaranteed. Data maintained by the MLS may not reflect all real estate activity in the market.
Hello Squaw Valley skiers and riders!
Dust off your skis and snowboards and head out to the Squaw Valley ski resort slopes! The Squaw Valley real estate owners, and Lake Tahoe real estate owners in general, are already buzzing with excitement.
11/27/2013 is the official opening day for Squaw Valley.
Gold Coast lift is scheduled to be the only lift open currently. In the years past, it was the Exhibition and Red Dog that got opened first, so this is an exciting news for Squaw Valley real estate owners.
With many great deals still on the market, it may be a perfect time to purchase Squaw Valley real estate now, and get that dream Squaw Valley property. You may be surprised – Squaw Valley real estate has gotten a lot more affordable. It may make more sense than renting. To search all of Lake Tahoe Real estate click on the link.
See you on the slopes!
I am a Lake Tahoe real estate agent, and have been on a sugar-free, gluten-free diet for about a year and a half, and my Lake Tahoe real estate clients and friends have been wanting sugar-free recipes from me on a daily basis. I thought … what a better place to start than a sugar-free, gluten-free chocolate cake, since the number one culprit for breaking the diet are the snacks, or the lack there of.
Being on a sugar-free diet is not as bad as one may think, but it does require planing and hinders travel, because that corner shop in Nebraska may not carry Stevia Coconut Water and Almond Flour. As long as you prepare your meals ahead of time, so that you always have food ready for when you are starving, so that you are not inclined to pig out on a bag of chips that is conveniently laid out in front of you, it is easy to carry this diet forever.
Lake Tahoe real estate is conveniently located close to many health food stores, but if you live where some of these ingredients look unfamiliar, just order online.
Sugar-free, Gluten-free Chocolate Cake Recipe:
2 Cups Walnut Flour (walnuts)
1 Cup Organic Brown Rice Flour
1/4 Cup 100% Raw Organic Cacao
1/2 Cup Stevia
1 Tsp Baking Soda
1 Tsp Baking Powder (Aluminum-free)
1/2 Tsp Sea Salt
3 Pasture-raised Eggs
1 Stick of Organic Butter (or equivalent coconut oil)
1/4 Cup Sparkling Water
1/4 Cup Organic Unsweetened Almond Milk
1/2 Organic Avocado
1/4 Cup Organic Coconut Oil
1/2 Cup Organic Unsweetened Almond Milk
1/2 Cup Organic Buckwheat Groats
1/4 Cup 100% Raw Organic Cacao
1/2 Cup Stevia
(dash of salt and Cayenne optional)
Preheat oven to 375 deg. While the oven is heating prepare the dry ingredients. Blend hole walnuts in a blender until you have a fine flour texture (2 cups worth). Mix it with brown rice flour, cacao, Stevia, baking soda and powder, salt, then mix in eggs. Add sparkling water and mix in, then add unsweetened almond milk and mix until texture the consistency of a regular cake batter (not too runny, not too firm). I use sparkling water to make the cake rise more, but this isn’t the crucial ingredient, though it does help yeast-free foods rise when used with baking soda.
Transfer sugar-free, gluten-free chocolate cake mixture into an oven-capable 8-10″ glass dish (Corningware dishes are a great, non-expensive alternative for toxin-free baking. Throw away your non-stick metal cookware!!!). Don’t forget to grease the dish with oil of choice. Bake on 375 for about 15 min. Stick a fork in it to check if done, if it comes out clean, it’s ready.
While it is baking prepare the filling.
Avocado, and Chocolate What?!
Don’t be afraid! Throw in the blender avocado, yes avocado, cooked buckwheat groats (1/2 cup of groats, 1 cup water to cook. Takes about 5 min until all the water is gone), yes buckwheat cacao, Stevia, melted coconut oil, almond milk and blend until creamy.
When the cake is done. Take out of the oven and carefully cut in horizontal half, so that you can spread half the filling mixture in the center of the cake. Sugar-free and gluten-free baking is very finicky as it likes to fall apart, so handle with care, or skip altogether and just apply the filling on top of the cake. Reserve the other half of filling for the top of the sugar-free, gluten-free chocolate cake.
Carefully set the half back on top of the other half, and spread the remainder of the filling mixture on top. Sprinkle with pecans if you have them. Enjoy!
To click search Lake Tahoe real estate, or contact Olja Mihic, your Lake Tahoe realtor with any Lake Tahoe MLS search questions.
Lake Tahoe Real Estate: 1609 Christy Hill Road A10, Squaw Valley, CA 96146
I am excited to announce that I have joined up with Chase International, The Leader in Lake Tahoe Luxury Homes and Real Estate!
You can now find me at either of our 3 offices:
1) 700 N Lake Blvd, Tahoe City CA 96145
2) Squaw is 1985 Squaw Valley Rd #23, Olympic Valley CA 96146
3) 10164 Donner Pass Rd Suite 3, Truckee, CA 96161
This was an obvious next step for me, as it will allow me to better serve my Lake Tahoe Luxury Homes real estate clients, as well as, with office locations in prime Tahoe City, Squaw Valley, and Truckee areas, bring me one step closer to my Squaw Valley Real Estate clients, North Lake Tahoe Real Estate clients, West Lake Tahoe Real Estate clients, and Truckee Real Estate clients.
I am primarily located at the Tahoe City real estate office, but you will find me at both Squaw Valley real estate office, and Truckee real estate office just as often.
To search for Lake Tahoe Real Estate:
Search for Tahoe City Real Estate
Search for Real Estate in Lake Tahoe Luxury Homes