Agate Bay Homes for Sale – North Shore, Lake Tahoe, Market Trend Report 2011
The Agate Bay neighborhood of Carnelian Bay, California is located approximately 6 miles east of Tahoe City in the heart of the North Shore of Lake Tahoe.
The Agate Bay area is a nice developed, North Shore neighborhood that is between the commercial core of Carnelian Bay and Tahoe Vista. This North Shore neighborhood is centrally located, and is close to Kings Beach and Tahoe City. Its location makes it easy to get to Northstar, Alpine Meadows, Squaw Valley, or Homewood Ski resorts. It is close to all of the Lake Tahoe recreational activities such as boating, hiking, biking (dirt and paved trails), tennis, golf, miniature golf, skiing, shopping, and restaurants that the area is known for.
The Agate Bay neighborhood is a mix of some smaller, older, Tahoe cabins, along with larger, newer luxury mountain homes. There are a limited number of lakefront properties in this neighborhood, and they can be classified as Carnelian Bay, or Agate Bay.
The Agate Bay community is very popular with second home owners. It has nice wide streets, and is easy to get to on a year-around basis making it a popular vacation rental location for summer and winter rentals.
Some of the owners in the Agate Bay neighborhood are members in the local home owners group Agate Pier and Swim Club that is very desirable with its own swimming pool, tennis courts, gated beach area, pier, and buoy rental option. The Agate Club membership is currently limited, and property owners that belong often get a market premium for their property, as this club membership is limited by geography and membership is typically gained by buying a property that is already an existing member and transferring the membership from one property owner to the next.
Sold Single Family Homes in the
Agate Bay neighborhood of Carnelian Bay, California, North Shore, Lake Tahoe:
In the Agate Bay area, mountain home and cabin prices are down, -8.2% this year, with the average median sales price at $352,500. Since 2006, home sale prices in the Agate Bay neighborhood are down -46%. Take a look at the price trend chart for Agate Bay.
The current absorption rate for this neighborhood is at 9 months. Anything above 7 months of inventory is considered a Buyer’s Market. The Agate Bay neighborhood is very close to becoming a balanced market, which should result in some price stabilization once the area can work through the distressed sales.
Distress sales (bank foreclosures - real estate owned (REO’s) and short sales) accounted for 44%, or almost half of all Agate Bay sales in 2011, which is a rise of 13% over 2010. The increase in distress sales is the single largest contributing factor to the continued decline in price. If you look at the longer-term price history, you will see that the big price correction in the Agate Bay, California neighborhood for single family homes corresponds to the first short sales and REO sales in this neighborhood.
There were 9 Active – available homes for sale in the Agate Bay, California, North Shore, Lake Tahoe, area as of 03/10/2012. These Agate Bay lakefronts, mountain homes, and cabins ranged in price from $259,000 to $4.2 million. Of the 9 homes offered for sale, 2 homes were lakefronts and 7 were non-lakefront properties; 1 REO listing and 2 short sale listings.
There is 1 pending sale, and it is a REO property listed at $295,000 in the Agate Bay, California, North Shore, Lake Tahoe area.
Agate Bay, Carnelian Bay, California North 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* |
16 |
$352,500 |
$205,000 |
$3,150,000 1 Lakefront |
19% |
9 months Buyers’ Market |
44% |
4 REO’s 3 Short Sales |
|
2010 |
13 |
$384,000 |
$265,000 |
$2,850,000 1 Lakefront |
36% |
NA |
31% |
3 REO’s 1 Short Sale |
|
2009 |
7 |
$470,000 |
$369,900 |
$850,000 0 Lakefront |
43% |
NA |
29% |
1 REO’s 1 Short Sale |
|
2008 |
8 |
$653,450 |
$430,000 |
$2,200,000 1 Split Lakefront 0 Lakefront |
13% |
NA |
0% |
0 REO’s 0 Short Sale |
|
2007 |
7 |
$650,000 |
$558,000 |
$735,000 0 Lakefront |
14% |
NA |
0% |
0 REO’s 0 Short Sale |
|
2006 |
9 |
$647,500 |
$450,000 |
$1,925,000 1 Split Lakefront 0 Lakefront |
22% |
NA |
0% |
0 REO’s 0 Short Sale |
*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. Numbers are easily moved in either direction depending on the combination of homes sold.
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.
Tahoma, California Homes for Sale, Market Trend Report for 2011
The Tahoma community is located approximately 9 miles south of downtown Tahoe City on the West Shore of Lake Tahoe, California.
The Tahoma area is one of the more developed neighborhoods on the West Shore and is located in two counties - El Dorado County and Placer County. It’s close proximity to Lake Tahoe recreational activities such as boating, hiking, biking (dirt and paved trails), tennis, golf, skiing, shopping, and restaurants makes this a great area for those that enjoy being outdoors, and getting away from it all.
This area has had some of the most affordable homes on the West Shore, and is a mix of smaller, older, Tahoe cabins, to larger, newer luxury mountain homes, with a limited number of lakefront properties. Despite the heavier snow fall that the West Shore area receives each year, this neighborhood is easily accessed all year-long and is a nice mix of full-time residents and second home owners.
Sold Single Family Homes in the Tahoma neighborhood West Shore, Lake Tahoe, California:
In the Tahoma area, mountain home and cabin prices are down - 12% for 2011 year, with the average median sales price at $351,000. Since 2006, Tahoma homes have dropped in value -47%. While home prices are down, sales for 2011 have already exceeded the number of single family homes and cabins sold each year since 2006. Take a look at the price trend in Tahoma.
Cash sale transactions for Tahoma homes has increased to 38%, indicating buyers are still finding good real estate values in the Tahoe area, and aren’t afraid to place their investment dollars here.
The current absorption rate for the Tahoma area is at 4.11 months. Anything below 5 months of inventory is considered a Sellers’ Market. This is a significant shift in the market and it is the first step to turning a community around from a declining market into a raising market.
Distress sales (bank foreclosures - real estate owned (REO’s) and short sales) accounted for 38%. That means more than 1 out of every 3 homes sold in 2011 in Tahoma was a distressed seller, which was a 9% increase over 2010.
There were 17 Active – available homes for sale in just the Tahoma, West Shore, Lake Tahoe, California area as of 03/10/2012. This is an inventory drop of -57% since November 2011, when there was 37 active available homes for sale. The homes currently available for sale range in price from $139,900 to $760,000.
Of the 17 homes offered for sale there are 2 REO listings, and 3 short sales, accounting for 29% of the market. There are 7 pending sales in the Tahoma area as of 03/10/2012, ranging in price from $175,000 to $3,995,000.
Tahoma, West Shore, Lake Tahoe, California, Real Estate Summary for 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 |
37 |
$351,000 |
$165,000 |
$675,000 0 Lakefronts |
38% |
4.11 months Sellers’ Market |
38% |
8 REO’s 6 Short Sales |
|
2010 |
21 |
$399,000 |
$161,000 |
$9,500,000 3 Lakefronts |
38% |
NA |
29% |
6 REO’s 0 Short Sales |
|
2009 |
20 |
$437,250 |
$276,000 |
$1,900,000 1 Lakefront |
25% |
NA |
30% |
3 REO’s 2 Short Sales 1 Court Approval |
|
2008 |
23 |
$570,000 |
$309,000 |
$4,350,000 1 Lakefronts |
17% |
NA |
0% |
0 REO’s 0 Short Sales |
|
2007 |
26 |
$507,250 |
$500,000 |
$685,000 0 Lakefronts |
15% |
NA |
0% |
0 REO’s 0 Short Sales |
|
2006 |
35 |
$659,000 |
$310,000 |
$6,783,333 3 Lakefronts |
14% |
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 percent changes can be significant and numbers are easily moved in either direction.
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.
Gourmet Ski Tour Fundraiser, Tahoe City, California, Sunday, March 11, 2012
Get ready for the 11th Annual Gourmet Ski Tour this Sunday, March 11, 2012. This is the Tahoe Cross Country Ski Education Association’s (TCCSEA) big annual fund raising event of the season.
It’s the best of both worlds – ski, or snowshoe while sampling great cuisine from some of Tahoe’s finest, local restaurants. Eat, drink and be merry while you’re on Tahoe snow! It’s a great way to have some fun in the snow while support a great local group.
So here are the details:
11th Annual Gourmet Ski Tour Fundraiser
1 p.m. to 3 p.m., Sunday, March 11, 2012
Tahoe Cross Country Ski Center, 925 Country Club Drive, Tahoe City, CA 530.583.5475
Cost: $32 Adults
3 p.m. – 5 p.m. The fun continues with Margaritas and Live Music by “Drunken Neighbors”
If you’ll be up here in the greater Tahoe – Truckee, California area and want to ski and enjoy a gourmet day this is the event for you.
For more information on Gourmet Ski Tour Fundraiser check out the Tahoe Center XC Center’s website 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
Start your Tahoe Property here. Check out the following neighborhoods and areas in the Lake Tahoe - Truckee, California Area.
SnowFest! 2012 – Two Days Left of Fun! Kings Beach, California, Saturday, March 10, 2012
The 31st Annual SnowFest! has been a lot of fun. Even if you missed out on last the last 8 days of fun, you can still enjoy the last two days of what has been a great time in the greater Lake Tahoe area.
On Saturday, Kings Beach will host another SnowFest! Parade. If it’s anything like the Tahoe City SnowFest! Parade last Saturday, you’re going to have a great time. Don’t forget to check out the North Tahoe Public Utility District Pancake Breakfast, the Dress up your Dog and the New York Hot Dog Stand “Hot Dog Eating Contest”, the Creekside Benefit Concert – At Tahoe City Marina, along with the last two days of final competition in the Rahlves’ Banzai Tour will take place up in Sugar Bowl.
On Sunday, there’s the Citizen’s Against the Clock X/C Biathlon Event, the River Ranch Annual Snow Sculpture Contest, and don’t forget the Gourmet Ski Tour Fundraiser.
These are just a few of the events that will happen on the final two days of the 31st Annual SnowFest! Here’s a look at all of the final SnowFest! Events:
Saturday, March 10, 2012
8:30 a.m. – 10:30 a.m. North Tahoe Public Utility District Pancake Breakfast – North Lake Tahoe Event Center, downtown Kings Beach, CA
9 a.m. – 6 p.m. Rahlves’ Banzai Tour Final and Super Final “Silver Belt Banzai” – Sugar Bowl Resort, CA
10 a.m. – 11:30 a.m. Dress up your Dog Contest – North Tahoe Events Center, downtown Kings Beach, CA
11:30 a.m. – 12:30 p.m. SnowFest! Kings Beach Parade
12:30 p.m. – 4 p.m. Caliente After Parade Party and SnowFest! Queen Raffle
12:30 p.m. – 1:30 p.m. New York Hot Dog Stand “Hot Dog Eating Contest” – 8369 North Lake Blvd., Kings Beach Chevron, downtown Kings Beach, CA
1:30 p.m. – 2:30 p.m. Kings Beach Friends of the Library Snow “what” Building Contest – Kings Beach Library, Kings Beach, CA
2 p.m. – 5 p.m. SnowFest! Après Ski Party – Alpine Meadows Ski Area Lodge, Alpine Meadows, CA
5 p.m. – 9 p.m. ARC and NLT Family Resource Center “2012 Snow Fiesta” – North Tahoe Boys and Girls Club, Kings Beach, CA
9 p.m. Creekside Benefit Concert – Dockside, 700 North Lake Blvd. (At Tahoe City Marina), Tahoe City, CA
Sunday, March 11, 2012
9 a.m. – 6 p.m. Rahlves’ Banzai Tour Final and Super Final – “Silver Belt Banzai”, Sugar Bowl Resort, CA
10 a.m. – 1 p.m. Citizen’s Against the Clock X/C Biathlon Event, Sugar Pine Point State Park, Tahoma, CA
11 a.m. – 12 p.m. Ta-Hoe Nalu Arctic SUP Race, Blue Onion Café, Hwy 28 and Hwy 267, Kings Beach, CA
12 p.m. – 4 p.m. River Ranch Annual Snow Sculpture Contest, River Ranch, Hwy 89 South at the entrance to Alpine Meadows, CA
1 p.m. – 4 p.m. Tahoe Donner Ididarun Dog Pull Race – The Lodge Restaurant, 12805 Northwood’s Blvd. Tahoe Donner, Truckee, CA
1 p.m. – 3 p.m. Gourmet Ski Tour Fundraiser – Tahoe Cross Country Ski Center, 925 Country Club Drive, Tahoe City, CA
8 p.m. Fine ‘N Funky SnowFest! Fashion Show – Hacienda, Boatworks Mall, downtown Tahoe City, CA
Ready to get your own piece of Tahoe? Start your Tahoe Property here. Check out the following neighborhoods and areas in the Lake Tahoe - Truckee, California Area.
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.
Daylight Savings Time begins Sunday, March 11, 2012
It’s that time of year to “Spring Forward”! While I hate losing that hour of sleep, I do love the extra hour of daylight in the evening. It also means we’re one month closer to summer time in Lake Tahoe!
On Saturday night, March 10, 2012, before you go to sleep remember to set you clocks ahead one hour unless you’ll be you’ll be up on Sunday, March 11, 2012 at 2 a.m. when you can do it at the official time change.
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.
Start your Tahoe Property here. Check out the following neighborhoods and areas in the Lake Tahoe - Truckee, California Area.
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Welcome to Lake Tahoe! I am a REALTOR, Broker-Associate with Coldwell Banker in Tahoe City, CA working with vacation-resort, second home buyers and sellers.
The first time I came to Lake Tahoe was in 1972 - Summer Camp. I couldn't believe how beautiful Lake Tahoe was, or how cold those June mornings would still be, after all it was summer time!
I think about all of the great times I’ve had here, and it’s hard to believe it’s been over 39 years since that first trip here. Each trip I'd think, some day, I’ll get to live here too. Fast forward to today and here I am. I’ve been a full time Tahoe City, West Shore, Lake Tahoe resident since 2004, and for the past 7 years, I’ve been a full time real estate professional. So I’d like to take this opportunity to
"Welcome You to My Backyard – Welcome to Lake Tahoe, California!"
I know I’m very fortunate to be living in Tahoe and helping others make their dream of having a place here too a reality. Making an investment in Tahoe Real Estate is so much more than just about buying a cabin, home, or condo in your price range. It’s about helping you find the right property and location so you can “Live the Tahoe Lifestyle – Your Way!”
My job is to help you understand the different neighborhoods, locations, features, and choices. What adds value, things to consider that are unique to our area, and finding opportunities. I’m here to help you put the massive amounts of real estate data, information, and listings you are finding on the internet into perspective.
You know what you want, so let my experience and local neighborhood knowledge that I have, help you find it. I’m here to help you establish value for our market and assist you through the entire process.
As Your Tahoe REALTOR®, my goal is to be Your Local Advocate, Provide Exceptional Service, Add Value to Your Real Estate Transaction, and to Provide Support. My job is to make the Entire Process Enjoyable, Organized, & Informed. I’m here to help you realize your Tahoe dreams and make your Tahoe real estate goals a reality!
Laura A. Allen
BROKER ASSOCIATE
REALTOR®, CRS, RSPS, ABR®,
Certified Preview Property Specialist,DRE# 01473598
COLDWELL BANKER RESIDENTIAL BROKERAGE
Owned and Operated by NRT LLC DRE#00313415
Tahoe City, CA 96145
(530) 414-1260
Laura@TahoeLaura.com
www.TahoeLauraLuxuryHomes.com
Laura Allen
BROKER-ASSOCIATE, REALTOR®, CRS, RSPS, ABR®, e-PRO, TRC,
Certified Previews Property Specialist (Coldwell Bankers’ Luxury $1 Million+ Property Designation)
DRE # 01473598
COLDWELL BANKER RESIDENTIAL BROKERAGE
Owned and Operated by NRT LLC DRE# 00313415
531 North Lake Blvd, P.O. Box 7758, Tahoe City, CA 96145
Phone: 530.414.1260
Email: Laura@TahoeLaura.com
Web Site: www.TahoeLauraLuxuryHomes.com
EDUCATION:
Bachelor of Science Metallurgical Engineering, University of Nevada-Reno, Mackay School of Mines
CFP® - CERTIFIED FINANCIAL PLANNER™
State of California Real Estate Broker License DRE# 01473598
PROFESSIONAL AFFILIATIONS:
REALTOR® - National Association of REALTORS®
CRS -Certified Residential Specialist
RSPS -NAR’s Resort & Second-Home Property Specialist Certification
ABR® - Accredited Buyer Representative
TRC - International Consortium of Real Estate Associations: Transnational Referral Certified (TRC)
Certified Preview Property Specialist - Coldwell Bankers' Luxury Marketing Designation
e-PRO®- Certified Internet Professional
Member of National Association of REALTORS® (NAR)
Member of California Association of REALTORS® (CAR)
Member of REBAC
Member of the Northern California CRS Chapter
Member of the Sierra Nevada CRS Chapter
Member of the Tahoe Sierra Multiple Listing Service (TSMLS)
Member of the Tahoe Sierra Board of REALTORS®
I specialize in working with Resort-Vacation Second Home Buyers and Sellers in the greater Tahoe-Truckee, California area:
Lakefront Estate Homes
Mountain Cabins
Mountain Cottages
Vacation Mountain Homes
Condominiums / Townhouses
Residential Lots
Everyone Should have Real Estate Representation –
Both Buyers & Sellers!
Laura Allen, Your Tahoe Neighborhood REALTOR®
Tahoe City · West Shore · North Shore · Homewood · Alpine Meadows · Olympic Valley / Squaw Valley · Northstar · Tahoe Donner · Truckee
One the most important professional services that I provide all of my clients is respecting their privacy and keeping their information confidential. Discretion is a very importation and critical skill in our luxury, Vacation-Resort Second Home market. Keeping my current and past client information private is just one of the many professional skills I offer my clients.
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