South Lake Tahoe Real Estate News Letter

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 Existing-Home Sales Slide in December; 2016 Sales Best Since 2006

 

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Lake Tahoe Real Estate  

January 26th  

 

 

866.542.2912  
  

LOS ANGELES (Jan. 19) – Despite strong headwinds of tight housing supplies and an affordability squeeze throughout much of 2016, California’s housing market ended the year on a positive note, posting a moderate sales pace and home price increases in December, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 411,230 units in December, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide sales figure represents what would be the total number of homes sold during 2016 if sales maintained the December pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales. 
 

Thanks to a series of atmospheric river storms that have pummeled California, the snowpack of Lake Tahoe is reaching record-breaking numbers. In early January, parts of California received over 28 inches of rain and up to 17 feet of snow, causing flooding, avalanches, and a major shift in the California drought monitor map. But more storms followed, and in the past week Lake Tahoe saw another 8 feet of snow in just 5 days. Meteorologists at Open Snow say that at 7,000 feet in Lake Tahoe, 237 inches have fallen this month alone. That beats a 1973 record of 159 inches of snow that fell in January of that year. In total, the Lake Tahoe snowpack at 7,000 feet has received 80 percent of the seasonal average-and we’re only 43 percent of the way through the ski season. There’s even more snow at higher elevations.  Finish reading here.
 

 
 
Low inventory reflects the mood. Sellers are “Sheltering in Place” . Sellers are waiting out the storm, both natural and political. With a wait and see attitude. In the mean time first time buyers are feeling the effect. Investors trending to real estate as a safe haven for diversification in their portfolios.
“While a lack of listings and fast rising home prices was a headwind all year, the surge in rates since early November ultimately caught some prospective buyers off guard and dimmed their appetite or ability to buy a home as 2016 came to an end,” says Yun. Finish reading here.
Opens

Open Houses                                           January 28th  

   
 
1410 Ski Run Blvd #11
Saturday 11:00am-1:00pm 
Short Sale – priced to sell!! Heavenly Location, location! Short Sale opportunity knocks. Adjacent to the forest and just blocks to the shores of Lake Tahoe and Heavenly and minutes to the casinos, shopping and dining, this end unit embodies everything about South Shore living. Cute, clean and featuring downstairs living with an open floor plan from the living room anchored by fireplace to the remodeled kitchen, a half bath and laundry area for convenience and a deck off the back to soak it all in.  
 
Hosted by Christin Dohm 

 
 
1460 Matheson Dr Saturday
11:00am-1:00pm 
Wonderfully remodeled chalet located in the heart of South Lake Tahoe. Located next to conservancy property, the house has the feeling of seclusion even though you’re minutes away from Heavenly and the lake. The open living room/kitchen combo offers vaulted ceilings, a full wall of windows for great sun exposure, bamboo laminate flooring, gas fireplace, concrete countertops, newer cabinets and newer appliances. In both the downstairs bedrooms you’ll find French doors leading out to the backyard. Once out in the backyard, you can soak in the hot tub while looking at the stars. The bamboo flooring is carried throughout the house. Both bathrooms are renovated with newer fixtures. It’s the perfect mix of modern and mountain. Perfect first home or vacation property.
Wally Johnson
Hosted by Wally Johnson    
OpensFeatured Listings
 
 

NEW LISTING!!  
1200 Wildwood #21
Looking for a small turn key business in Tahoe?? This money making Thrift Boutique is the answer. The location doesn’t get any better than this. The exposure makes this little boutique busy all day. This store receives daily donations and puts out new items daily. This store works in conjunction with Live Violence Free to provide free clothes and household appliances to those in need. 

NEW LISTING!!  
1161 Bonanza Ave
Near the Y and in walking, biking distance to restaurants, grocery stores, biking and hiking trails. Check TRPA IPES maps and PAS for further information. Buyer will need to complete site assessments and land capability verification. Adjacent one acre parcel is also for sale. Same owner, buy one or both. .50 acre parcel perfect for multi-family or residential in centrally located neighborhood. PAS#114 -Special area 1 multi-family includes IPES score of 969 with 30% coverage per TRPA IPES search and scoring. 

NEW LISTING!!  
1149 Bonanza Ave
Near the Y and in walking and biking distance to restaurants, grocery stores, biking and hiking trails. Check TRPA IPES maps and PAS for further information. Buyer will need to complete site assessments and land capability verification. Adjacent half-acre parcel is also for sale. Same owner, buy one or both. 1 acre parcel perfect for multi-family or residential in centrally located neighborhood.PAS#114- Special area 1-multi family includes IPES score of 969 w/30% allowable coverage per TRPA IPES search and scoring. 

 
795 Lakeview Ave
Lakeview vacation rental. 4 bedroom, 2 bath, fully furnished, fabulous charming home. Sweet home or home away from home..in either event it’s the good life at Lake Tahoe. This mountain style 2 story home is situated over Reagan Beach with full panoramic lake views from the living, kitchen, master bedroom, and best of all from the hot tub set on the expansive and landscaped backyard which is host to many a celebration. Lots of upgrades, paint, new decking, granite rock wood burning fireplace.   

3535 Lake Tahoe Blvd #309 
    
Great vacation getaway or rental. Hard to find 1 bedroom suite with loft condo at one of Tahoe’s finest lakefront resort, Lakeland Village. This fully furnished and remodeled unit has a peek-a-boo view of the lake on which the complex resides. This unit has easy access to a large private beach and a host of other amenities, including a fitness center, sauna, tennis courts, spas, swimming pools, lakeside BBQs, underground parking (with elevator for ease of access) and is located on the 3rd floor and in the main lodge close to the year round heated pool and spa, fitness center & saunas.  

 
2073 Cascade Rd  
Cascade Property – Lake Tahoe’s secluded lake front gated community with private pier, where you feel miles away, yet minutes to everything. Located at the base of the Sierras, Emerald Bay and at azure Lake Tahoe water’s edge. Find your way home to this magnificent mountain Lodge situated on over .5.acre grounds overlooking Cascade Creek, picturesque framed views of Lake Tahoe and majestic old growth Cedar and Jeffrey Pines with miles of wilderness out your door.    

1322 Knoll Ln   
   
Tahoe- Alive and well, this you’ll find, along with what ever your dreams and heavenly visions of lifestyle are here at Lake Tahoe. The home at 1322 Knoll embodies all the best you’ll want; great secluded setting on cul-de-sac plus Lake Tahoe views and spectacular sierra sunsets and vistas. Then there’s the house you’ve got it all! 4-5 bdrm (bunk room included), 3 bath, over sized family room, master bedroom with walk-in closet, sun room style dining, living great room, with fully appointed kitchen and rooms for guests throughout this vacation delight.   

 
1647 Keller Rd 
The stunning Villa Tramonte” is a rich Italian rustic-styled home with a separate fully equipped guest apartment, skillfully terraced into the mountain-side just above Vail’s Tahoe Heavenly Ski Resort. Only when you enter the Villa can you fully appreciate it’s multi-level Lake Tahoe panoramas and feeling of tranquility. Its unique tiered architecture offers unprecedented levels of seclusion and affinity with one of the most beautiful lakes in the world.  

 
269 Wren Dr 
Nothing Less than Spectacular.. Jaw dropping views and sunsets over Emerald Bay comes with this most impressive fully furnished (down to the linens, dishes, and flat screens… There are many) custom re-build, nearly 6.300 sq. ft.; 6 plus bdrms (3 en suites), 4.5 ba, Rec/exercise room, and mother in law/guest quarters. Finished in top of the line quality craftsmanship from top to bottom on all floors that are accessible by elevator. Complete with atrium windows to enjoy the lake view and ride down from street to the formal entry.     

 
1325 Wildwood Ave
Spectacular building site with Heavenly Lake Tahoe location comes with phenomenal views of World Cup and the face of Heavenly Ski resort and filtered lakeviews. Build your custom home on this remarkable (over) quarter acre parcel. Plans, permits (allocation) building dept and STPUD fees are paid to build this 3633 sq ft 3 story, custom 5 bdrm, 4.5 ba. home with oversized 2 car garage and elevator. 

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