Homewood, CA

McKinney Shores, Homewood, West Shore, Lake Tahoe, California Homes for Sale Real Estate Market Report – Year End Review 2011

The McKinney Shores neighborhood of Homewood, California is located approximately 7 miles south of Tahoe City on the West Shore of Lake Tahoe.

The McKinney Shores area is a very small, West Shore neighborhood that is located between the Homewood Ski Resort area and Chambers Landing. There are approximately 117 lots in this area. This West Shore neighborhood is close to Lake Tahoe recreational activities such as boating, hiking, biking (dirt and paved trails), tennis, golf, skiing, shopping, and restaurants.

The McKinney Shores neighborhood is a mix of larger, newer luxury mountain homes, along with smaller, older Tahoe cabins. There are a limited number of lakefronts and split lakefront properties in this neighborhood.

Most of the owners in the McKinney Shores neighborhood are members in the local home owners group that is very desirable with its own gated beach area, shared pier, and buoys, located directly off Highway 89 South. This vacation-resort, second home neighborhood has nice wide streets, a good mountain feel to it, and when it snows, home owners really know that they are living near a ski resort area on the West Shore.

Sold Single Family Homes in the McKinney Shores neighborhood West Shore, Lake Tahoe, California:

In the McKinney Shores area, home and cabin prices are up +3% this year, with the average median sales price at $850,000. This is a small neighborhood, with just a few sales each year. This is a positive sign that some of our higher-end neighborhood may have put in a bottom.

Cash sale transactions for the McKinney Shores, Homewood area have moved up to 33%, which is following the Tahoe-Truckee regional rate of 35%.

The current absorption rate for this neighborhood is not available since there are no homes currently listed for sale in this area.

Distress sales (bank foreclosures- real estate owned (REO’s) and short sales) accounted for 33% of the sales in 2011. With only 3 sales, the numbers become distorted. What is interesting about the distressed sales in this neighborhood are there have been Bank Foreclosures/REO sales in 2011, 2010, and 2009 which does have a negative impact on all sellers and their pricing.

Currently, there are no homes listed for sale in the McKinney Shores, Homewood, West Shore, Lake Tahoe, California area as of 01/22/2012. This is not unusual as this is a very small neighborhood that is very desirable and properties tend to sell quickly in this neighborhood when they are available. There are also no pending sales in the McKinney Shores, Homewood area as of 01/22/2012.

See all McKinney Shores, Homewood split lakefronts, mountain homes, and cabins for sale here.

While there are no homes, or cabins currently for sale today, if you want to know when new listings come on the market, call me – Laura Allen 530.414.1260 and I’ll make sure you are notified when the next new McKinney Shores home comes on the market. If you’d like to be notified by emailed, just write to Laura and include “McKinney Shores Homes for Sale” in the headline.

See all Homewood, California lakefronts, homes, and cabins for sale here.

See all West Shore, California, Lake Tahoe, lakefronts, homes, and cabins for sale here.

McKinney Shores, Homewood, West Shore, Lake Tahoe, California, Real Estate Summary

Sold Single Family Homes

Year	Homes Sold	Median Average Sales Price	Lowest Price Sold	Highest Price Sold	% Cash Transactions	Absorption Rate < 5 months Sellers Mkt 5-7 months balanced Mkt >7 months Buyer’s Mkt	% Distressed Sales	Breakdown of distressed Sales
2011*	3	$850,000	$680,000	$1,074,000 0 Split Lakefronts 0 Lakefronts	33.3%	NA - Not Available since there are no homes listed for sale in McKinney Shores as of the date of this Report	33.3%	1 REO’s 0 Short Sales
2010	6	$825,000	$575,000	$6,000,000 2 Split Lakefront 1 Lakefront	33.3%	NA	16.7%	1 REO’s 0 Short Sales
2009	1	$409,000	$409,000	$409,000 0 Split Lakefront 0 Lakefront	100%	NA	100%	1 REO’s 0 Short Sales
2008	0	NA	NA	NA	NA	NA	NA	0 REO’s 0 Short Sales
2007	3	$1,200,000	$880,000	$2,350,000 0 Split Lakefront 0 Lakefront	33.3%	NA	0%	0 REO’s 0 Short Sales
2006	3	$985,000	$899,500	$1,525,000 0 Split Lakefront 0 Lakefront	33.3%	NA	0%	0 REO’s 0 Short Sales

*YTD period is 01/01/2011 – 12/31/2011. Data Source: Tahoe Sierra Multiple Listing Service.

Use caution when only a handful of sales are available in a neighborhood. The increase and decrease in the percent changes can be significant. Numbers are easily moved in either direction depending on the combination of homes sold. When reviewing neighborhood data, I recommend reviewing the overall Lake Tahoe, California area, or the entire Lake Tahoe – Truckee Region to confirm market trends and direction, rather than relying on just a small group of neighborhood sales.

If you’d like more Lake Tahoe – Truckee, California real estate information, read Tahoe Laura’s Luxury Homes most recent real estate newsletter.

If you’d like a copy emailed to you, just write to Laura and include “newsletter” in the headline.

If you’re thinking of selling and would like to get a current market valuation for your Tahoe property, click here.

Thinking about buying a West Shore, Lake Tahoe lakefront, mountain home, or cabin?

Search by West Shore neighborhoods here:

Tahoe Sierra Estates, Tahoe City, California.

Tahoe Park Membership Homes (Tahoe Park, Lake Tahoe Park, Tahoe Woods and Talmont), Tahoe City, California

Skyland, Homewood, California

Tahoe Pines, Homewood, California

Tahoe Swiss Village, Homewood, California

Homewood, California

McKinney Shores, California

Chamberslands (Chambers Landing), California

Tahoma, California

Meeks Bay, California

Rubicon Bay, California

West Shore Lakefronts and Split Lakefronts

For all of your Tahoe real estate needs - Laura Allen, Broker Associate, REALTOR®, CRS, ABR®, RSPS, ePRO, Previews Property Specialist, DRE# 01473598, 530.414.1260, www.TahoeLauraLuxuryHomes.com Laura@TahoeLaura.com, Coldwell Banker Residential Brokerage, Tahoe City, California.

Note: 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 and/or correction without prior notice. Data Source – Tahoe Sierra Multiple Listing Service (TSMLS). If your property is currently listed for sale, or you have an active Buyer Representation Agreement, this is not intended as a solicitation.

Chamberlands, Homewood, California, West Shore, Lake Tahoe Real Estate Market Report – Year End 2011

The Chamberlands neighborhood of Homewood, California is located approximately 7.5 miles south of Tahoe City, on the West Shore of Lake Tahoe.

This West Shore neighborhood is located between the McKinney Shores neighborhood, and Tahoma, California. You’ll know when you’re passing by this neighborhood as they have signs posted to the entrance of Chamberlands on Highway 89 South. If you miss those signs, right across the street is the gated entrance to the exclusive lakefront condominium complex of Chambers Landing.

The Chamberlands neighborhood is a charming Tahoe neighborhood, which has a mix of smaller, older Tahoe Cabins, along with larger, newer luxury mountain homes. The appeal of the Chamberlands neighborhood is the Beach and Mountain Club, and the full Chamberlands Membership.

Not all property owners are members, but for those that are, the Beach and Mountain Club provides a neighborhood shuttle service to the public beach area at Chambers Landing. Those owners that have a full Chamberlands Membership have access to the Chambers Landing lakeside pool, private beach area, use of the pier, and tennis courts.

A full Chamberlands Club membership adds significant market value to a property to a comparable property that does not have the membership, and is highly desired on the West Shore of Lake Tahoe. Membership is restricted by geography to Chamberlands, or the Chamberlands Addition. If a home is located in these subdivisions and the property does not come with a full Chamberlands membership, there are full Chamberlands memberships available for sale.

The entire Chamberlands neighborhood is either walking distance, or a short bike, or car ride to the beach area. All property owners can use the public beach area, so if you don’t have the full membership you can still have access to Lake Tahoe here.

Chambers Landing was established in the late 1800’s and is a well-known landmark in Lake Tahoe. Perhaps you’ve had a Chambers Punch at the Chambers Bar and Grill? This very desirable West Shore, Lake Tahoe neighborhood is located in Homewood, California and is a great place to live year-around, or be a second home owner.

Sold Single Family Homes in the Chamberlands neighborhood West Shore, Lake Tahoe, California:

In the Chamberlands area, mountain home and cabin prices are down -8% this year, with the average median sales price at $420,000. While prices have dropped, the number of transactions from 2010 to 2011 has more than doubled, which means buyers are finding values in this area.

Since 2006, the average median home sales price in Chamberland has dropped by -45%, which shows that even in the best neighborhoods in Lake Tahoe, the market has corrected.

Cash sale transactions for the Chamberlands, Homewood area has dropped to 11%, which is well below the regional average of 34%, which means the availability of conventional loans has improved.

The current absorption rate for this neighborhood is at 5 months. Anything between 5 to 7 months of inventory is considered a Balanced market. The first step to turning a neighborhood around from a declining market is to balance the inventory.

Distress sales (bank foreclosures- real estate owned (REO’s) and short sales) accounted for 44% of the sales in 2011, which was a significant change from 2010, where there were no distressed sellers. While most sellers are not distressed sellers, having REO’s or short sales in their neighborhood puts pricing pressure on regular sellers as these distressed sales are helping to set the sales price for all sellers in a neighborhood. The second step to turning a declining market around is to work through the short sales and foreclosures.

Currently, there are 5 homes/cabins listed for sale in the Chamberlands neighborhood area as of 01/14/2012. The lowest is priced at $249,000 and the highest is $1,300,000. There are no short sales, or REO’s listed for sale in this subdivision. There is one pending sale, listed at $449,000 and it is not a bank owned REO, or short sale property.

See all Chamberlands, Homewood, California mountain homes, and cabins that are for sale here.

See all Chambers Landing Condos that are for sale here.

See all Homewood, California mountain homes, and cabins that are for sale here.

See all West Shore, Lake Tahoe, California mountain homes, and cabins that are for sale here.

Chamberlands, Homewood, California, West Shore, Lake Tahoe Real Estate Summary

Sold Single Family Homes

Year	Homes Sold	Median Average Sales Price	Lowest Price Sold	Highest Price Sold	% Cash Transactions	Absorption Rate < 5 months Sellers Mkt 5-7 months balanced Mkt >7 months Buyer’s Mkt	% Distressed Sales	Breakdown of distressed Sales
2011*	9	$420,000	$295,000	$784,000	11%	5 months Balanced Market	44%	2 REO’s 2 Short Sales
2010	4	$458,000	$349,000	$639,000	50% 1 out of 2	NA	0%	0 REO’s 0 Short Sales
2009	5	$550,000	$435,000	$810,000	40%	NA	20%	0 REO’s 0 Short Sales 1 Court Approval
2008	1	$657,000	$657,000	$657,000	0%	NA	0%	0 REO’s 0 Short Sales
2007	5	$675,000	$575,000	$845,000	20%	NA	0%	0 REO’s 0 Short Sales
2006	3	$761,666**	$720,000	$785,000	0%	NA	0%	0 REO’s 0 Short Sales

*YTD period is 01/01/2011 – 12/31/2011. Data Source: Tahoe Sierra Multiple Listing Service.

** Average price used not median price.

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. When reviewing neighborhood data, I recommend reviewing the overall Lake Tahoe, California area, or the entire Lake Tahoe – Truckee Region to confirm market trends and direction, rather than relying on just a small group of neighborhood sales.

If you’d like more Lake Tahoe – Truckee, California real estate information, read Tahoe Laura’s Luxury Homes most recent real estate newsletter. If you’d like a copy emailed to you, just write to Laura and include “newsletter” in the headline.

If you’re thinking of selling and would like to get a current market valuation for your Tahoe property, click here.

For all of your Tahoe real estate needs - Laura Allen, Broker Associate, REALTOR®, CRS, ABR®, RSPS, ePRO, Previews Property Specialist, DRE# 01473598, 530.414.1260, www.TahoeLauraLuxuryHomes.com Laura@TahoeLaura.com, Coldwell Banker Residential Brokerage, Tahoe City, California.

Note: 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 and/or correction without prior notice. Data Source – Tahoe Sierra Multiple Listing Service (TSMLS). If your property is currently listed for sale, or you have an active Buyer Representation Agreement, this is not intended as a solicitation.

Seaplane takes off on the West Shore of Lake Tahoe in Homewood, California

Many people may not know that seaplanes do land and take-off from Lake Tahoe, California year-around. Seaplanes have been landing on Lake Tahoe for over 75 years. Currently Homewood, California on the West Shore is noted as a seaplane airport base and today I saw a seaplane take off from Lake Tahoe. If you haven’t seen a seaplane land, or take-off from Lake Tahoe it is an impressive sight.

Over the past few years the area has organized a kickoff to the summer season with different activities and events. One of those events for the Lake Tahoe Opening Weekend is the Annual Mike Brown Splash-In, which has been hosted at Obexer’s Marina in Homewood, California. Seaplanes come in and land on Lake Tahoe and event goers get a chance to have a lot of fun. Now is the time to get your calendars out and make a note to be in Lake Tahoe for Memorial Day weekend!

Just in case you don’t know where you’ll be at in May, you still can see the seaplane I saw today taking off on the West Shore of Lake Tahoe in Homewood, California! Take a look.

If you enjoy the Tahoe lifestyle there has never been a better time to come to Lake Tahoe! Come up and play in my back yard – Lake Tahoe / Truckee, California, it’s the place to be!

For all of your Tahoe real estate needs - Laura Allen, Broker Associate, REALTOR®, CRS, ABR®, RSPS, ePRO, Previews Property Specialist, DRE# 01473598, 530.414.1260, www.TahoeLauraLuxuryHomes.comLaura@TahoeLaura.com, Coldwell Banker Residential Brokerage, Tahoe City, California

Homewood Ski Resort, Homewood, California – Lake Tahoe has Opened - December18, 2011

Homewood Ski Resort, Homewood, California – Lake Tahoe has opened their ski slopes for the 2011-2012 ski season. This was opening weekend for the Homewood Resort, and while Mother Nature hasn’t been very generous on giving us any recent snow, the conditions have been great for making snow.

The calendar says December, but today I saw snow skiing, snowboarding, people boating and fishing, and a paddle boarder. There was something for everyone to do here in Lake Tahoe. Check it out.

Lake Tahoe – it’s the place to be!

Thinking about buying a West Shore, Lake Tahoe lakefront, mountain home, or cabin?

Search by West Shore neighborhoods here:

Tahoe Sierra Estates, Tahoe City, California.

Tahoe Park Membership Homes (Tahoe Park, Lake Tahoe Park, Tahoe Woods and Talmont), Tahoe City, California

Lake Tahoe Park "Tahoe Park", California

Tahoe Woods, California

Talmont, California

Skyland, Homewood, California

Tahoe Pines, Homewood, California

Tahoe Swiss Village, Homewood, California

Homewood, California

McKinney Shores, California

Chamberslands (Chambers Landing), California

Tahoma, California

Meeks Bay, California

Rubicon Bay, California

Meeks Bay / Rubicon Bay, California

West Shore Lakefronts and Split Lakefronts

For all of your Tahoe real estate needs - Laura Allen, Broker Associate, REALTOR®, CRS, ABR®, RSPS, ePRO, Previews Property Specialist, DRE# 01473598, 530.414.1260, www.TahoeLauraLuxuryHomes.com Laura@TahoeLaura.com, Coldwell Banker Residential Brokerage, Tahoe City, California.

Chamberlands, Homewood, West Shore, Lake Tahoe, California Real Estate Market Report – December 2011

The Chamberlands neighborhood of Homewood, California is located approximately 7.5 miles south of Tahoe City, on the West Shore of Lake Tahoe.

This West Shore neighborhood is located between the McKinney Shores, and Tahoma, California areas. You’ll know when you’re passing by this neighborhood as they have signs posted to the entrance of Chamberlands on Highway 89 South. If you miss those signs, right across the street is the gated entrance to the exclusive lakefront condominium complex of Chambers Landing.

The Chamberlands neighborhood is a charming Tahoe neighborhood, which has a mix of smaller, older Tahoe Cabins, along with larger, newer luxury mountain homes. The appeal of the Chamberlands neighborhood is the Beach and Mountain Club, and the full Chamberlands Membership.

Not all property owners are members, but for those that are, the Beach and Mountain Club provides a neighborhood shuttle service to the public beach area at Chambers Landing. Those owners that have a full Chamberlands Membership have access to the Chambers Landing lakeside pool, private beach area, use of the pier, and tennis courts.

A full Chamberlands Club membership adds significant market value to a property to a comparable property that does not have the membership, and is highly desired on the West Shore of Lake Tahoe. Membership is restricted by geography to Chamberlanda, or the Chamberlands Addition. If a home is located in these subdivisions and the property does not come with a full Chamberlands membership, there are full Chamberlands memberships available for sale.

The entire Chamberlands neighborhood is either walking distance, or a short bike, or car ride to the beach area. All property owners can use the public beach area, so if you don’t have the full membership you can still have access to Lake Tahoe here.

Chambers Landing was established in the late 1800’s and is a well-known landmark on the West Shore of Lake Tahoe. Perhaps you’ve had a Chambers Punch at the Chambers Bar and Grill? This very desirable neighborhood is located in Homewood, California and is a great place to live year-around, or be a second home owner.

Sold Single Family Homes in the Chamberlands neighborhood West Shore, Lake Tahoe, California:

In the Chamberlands area, mountain home and cabin prices are down -8% this year, with the average median sales price at $420,750. While prices have dropped, the number of transactions from 2010 to 2011 has doubled, which means buyers are finding values in this area.

Cash sale transactions for the Chamberlands, Homewood area has dropped to 0%, which is well below the regional average of 36%. That means all sales in this neighborhood were financed by conventional lenders.

The number of homes going into escrow with in the first 30 days of being listed in the Tahoe Sierra Multiple Listing Service (TSMLS) dropped to 25% or one in every four homes had an accepted offer.

Distress sales (bank foreclosures- real estate owned (REO’s) and short sales) accounted for 38% of the sales in 2011, which was a significant change from 2010, where there were no distressed sellers. While most sellers are not distressed sellers, having REO’s or short sales in their neighborhood puts pricing pressure on regular sellers as these distressed sales are helping to set the sales price for all sellers in a neighborhood. The sooner we work through the short sales and foreclosures, the sooner our Tahoe markets can stabilize and turn-around.

Currently, there are 5 homes/cabins listed for sale in the Chamberlands neighborhood area as of 12/14/2011. The lowest is priced at $585,000 and the highest is $1,300,000. There are no short sales, or REO’s listed for sale in this subdivision. There is one pending sale, listed at $319,900 and it is a bank owned REO property.

Want to know what Chamberlands, Homewood, mountain homes, and cabins are for sale? Click here.

Chamberlands, Homewood, West Shore, Lake Tahoe, California, Real Estate Summary

Sold Single Family Homes

Year	Homes Sold	Median Average Sales Price	Lowest Price Sold	Highest Price Sold	% Cash Transactions	Homes into escrow within 30 days of being listed in TSMLS	% Distressed Sales	Breakdown of distressed Sales
2011*	8	$420,750	$385,000	$784,000	0%	25% 1 out of 4	38%	1 REO’s 2 Short Sales
2010	4	$458,000	$349,000	$639,000	50% 1 out of 2	50% 1 out of 2	0%	0 REO’s 0 Short Sales

*YTD period is 01/01/2011 – 12/14/2011. Data Source: Tahoe Sierra Multiple Listing Service.

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. When reviewing neighborhood data, I recommend reviewing the overall Lake Tahoe, California area, or the entire Lake Tahoe – Truckee Region to confirm market trends and direction, rather than relying on just a small group of neighborhood sales.

If you’d like more Lake Tahoe – Truckee, California real estate information, read Tahoe Laura’s Luxury Homes most recent real estate newsletter. If you’d like a copy emailed to you, just write to Laura@TahoeLaura.com and type in the subject line “newsletter”.

For all of your Tahoe real estate needs - Laura Allen, Broker Associate, REALTOR®, CRS, ABR®, RSPS, ePRO, Previews Property Specialist, DRE# 01473598, 530.414.1260, www.TahoeLauraLuxuryHomes.com Laura@TahoeLaura.com, Coldwell Banker Residential Brokerage, Tahoe City, California.

Note: 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 and/or correction without prior notice. Data Source – Tahoe Sierra Multiple Listing Service (TSMLS). If your property is currently listed for sale, or you have an active Buyer Representation Agreement, this is not intended as a solicitation.