The State of Real Estate, by Deb Howard

We recently held our annual DH&Co team retreat, an exercise we hold  near and dear as it gives us a sense of “where we have been”, “where we are” and  what are the prospects for where “we’re headed”, particularly given the economic  climate we travel in.

For the first time in many years both the NAR and CAR (our nat’l and state  realtor associations) are cautiously forecasting  an upturn in both home sales  and even some slight turn around in home prices. NAR is predicting 5% increase  in all home/units sold (which includes a 16% increase in new home sales) and a  2-5% increase in sales price while CAR forecasts 1% and 1.8% respectively.
CAR’s  prediction is no doubt biased towards the enormous amount of overbuilding that  ensued in the “go go” builders market in the mid 2000’s. However both  organizations are basing their numbers on the now low and limited inventory for  sale and the fact that new home starts dwindled in the past few year due to the  economy.
The dramatic up turn in pricing started in 2002 and continued through 2006  at which time we experienced a flat market for a brief for a very brief period  and then we started the down turn and here we are back to 2002  pricing.
Enivision a pyramid with the starting block at the right base as the year  2002 the peak is 2006 and bottom block is today!
Many homes and properties have been bought and sold along the way, many  were used as ATMs, many have now been sold as Short Sales or taken back through  foreclosure. For those of you who have waited to buy or sell the good news is  that the market is predicted to recover… however slowly and surely as the  economy continues to right itself.
Where are we headed locally? They say all real estate is local…
We’re optimistically forecasting a 10% increase in units sold year over  year and tracking somewhere between NAR and CAR’s predictions of price  upturn.
In the South Lake Tahoe market the single family inventory is at a 7 month  absorption rate (active inventory divided by the averg monthly closed sales),  which technically puts us in a slight buyer market but tending towards an even  buyer /sellers market. Quite frankly I’d love to see an even playing field for a  change. It’s so hard on all parties to deal with the tumultuous ups and  downs.
Let us know how we can help you navigate the these unchartered waters known  as the real estate market, knowing that we will always have your best interest  at heart.
The President of NAR makes the case very well:

Things are looking up. Still, our vigilance on behalf of the real estate industry must continue.
BY MOE VEISSI, President of the National Association of Realtors
PRICE REDUCTIONS!
2825 Springwood
2825 Springwood $345,000 – 3/3 Highland Woods
1647 Ponca
1647 Ponca $339,000 – 4/2 Quiet Pioneer Neighborhood
2577 Pinter
2577 Pinter $377,900 – 4/3 Newer Construction
1510 Wildwood #7
1510 Wildwood #7 $309,000  Heavenly Valley
Open Houses   Saturday Feb 4th  
1390 June Way
1390 June Way Open Saturday 1pm-3pm

1390 June Way $324,900

Chalet Heavenly Lake Tahoe style. Walk to the lifts and the California base  lodge. 2 plus bedroom, 2 bath with double car garage, getaway turnkey, furnished  and ready to go!

1410 Ski Run #20
1410 Ski Run #20 Open Saturday 11am-1pm

1410 Ski Run #20 $159,900

All the best of Tahoe Heavenly location upgraded 2 story end unit 2 bedroom, 1.5  bath townhouse, quiet neighborhood, steps to skiing and 1/2 mile to the Lake,  fully furnished for turn key.

909 Modesto
909 Modesto Open Saturday 10am-Noon

Al Tahoe Well Built Ol’ Tahoe Beauty. 6 Blocks To Lake Tahoe! Great Neighborhood, 3 Bedroom, or 2 plus Den, 1 full Bath , stepdown Master Bdrm added on. Country Cottage At it’s Best! Fully Furnished, Turn Key & Ready To Go, Oozing w/ Charm!

Featured Properties
Have you checked these out?
2172 Dunlap
  2172 Dunlap $349,000

2172 Dunlap

Close to town, and very quiet, tons of privacy at this classic Tahoe home on a   large sunny double lot backing to conservancy owned meadow! Proud owners have  loved this home and kept it immaculate and very well maintained over the years.

2060 Eloise
  2060 Eloise $249,000

 2060 Eloise

COMMERCIAL  

Fantastic opportunity, prime location in South  Lake Tahoe, near hub of commercial activity finds this warehouse/industrial  block building on large .24 acre corner parcel.

606 Glorene
606 Glorene $329,000

606 Glorene

Spacious Lake Tahoe 2 story affordably priced for this 3 bedroom with family  room, TV (or craft room/office) on a large .25 acre lot located near USFS  trails. Comfort comes with this remodeled in 1992 home.

2809 Hank Monk
2809 Hank Monk $359,000

2809 Hank Monk

Enjoy life from this 4 plus bedroom, 2.5 bath, 2 story  home hosting a lovely great room anchored around the family dining room  with bay window, great chef’s kitchen with mini office.  All this on a  large landscaped parcel with gardens, walkways and trellis.

3333 Marlette
3333 Marlette $209,000

Terrific Lake Tahoe single story 3 bedroom comfortable home with 2 baths, 2 car garage, just steps away from meadow, golf course, trails and beach. Well cared for with lots of upgrades.

2577 Pinter
2577 Pinter $377,900

2577 Pinter

Fantastic newer Lake Tahoe custom 4 bedroom, 3 bath with 2 car garage  contemporary home. Owner/builder with lots of bells and whistles including  heated hydronic floors, custom granite counters and chef’s kitchen with island including farmhouse style sink.

941 Sunset
941 Sunset $265,000

941 Sunset Drive     

Enjoy great mountain and meadow views and the comfort you’ll experience from this spacious 1650 sq. ft. 3 bedroom/2 bath rancher with 1995 sun room addition and double car garage. Sunny corner parcel with landscaped yards & garden spaces with a fenced yard.

2275 Texas
2275 Texas $211,000

2275 Texas  

BOAT DOCK

Lake Tahoe Mountain Style Cottage with BOAT DOCK in Tahoe Keys Marina A1  including beach and harbor benefits. Charming 3 bedroom 1 bath with roomy  living, dining areas.

495 Tramway #8
495 Tramway #8 $193,500

Ski-in, Ski-out condo, steps from Stagecoach Lodge at Heavenly Ski Resort and  with a fantastic lake view! This building is impeccably maintained and this unit would make a great vacation rental income property due to  location and amenities.

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