“California has everything that makes life fun, interesting, and enriching,” reports Chris Hauty, a screenwriter and novelist who, after a decade of renting, recently became a homeowner in Southern California’s Chevy Chase canyon. For Chris and buyers like him, who’ve long dreamed of owning a home in the Golden State, REALTORS® are helping them make it happen. We checked in with a few of them to hear more about their home buying process and the pro tips they picked up from their REALTORS® along the way…READ MORE HERE.
C.A.R. Market Minute
While the outlook for the economy and the market remains bright, both are encountering supply constraints as the reopening continues. Despite a surge in consumer spending and an improving job market, labor and material shortages have become hurdles that the recovery needs to overcome. As such, inflation and slower job growth remain topics of concern when discussing how fast the U.S. can get back to its pre-pandemic levels. Meanwhile, the housing market has had solid performance since the second half of 2020 but is showing signs of moderations in recent weeks. As tight supply continues to apply upward pressure on prices, the market momentum could slow as affordability issues kick in in the second half of the year… READ MORE HERE
A 3 acre fire dubbed the Meeks Fire broke out Wednesday, the 9th, on the West Shore. U.S. Forest Service crews and Meeks Bay firefighters responded to the fire, stopping forward progress by 5:00pm. Thank you to all those that responded. With the region in a severe drought, please be mindful of fire danger and be prepared for evacuations… READ MORE HERE.
Weekly South Shore Real Estate Stats
Active Listings Median – $859,000 at $556 per sq ft.
Pending Sales Median – $650,000 at $530 per sq ft.
Sold Listings Median – $748,750 at $503 per sq ft.
List to Sale Ratio is 103%
Absorption rate of 1.3 month of inventory; while this is some improvement, we’ll continue to keep an eye on the inventory increase that is predicted on the near horizon. This will allow for a slightly more balanced market and for a more diverse inventory to appeal to the buyer’s needs.
3415 Panorama Dr.
The real deal log cabin settled on a .23 acre fully fenced lot! Gorgeous views of Echo Summit and the natural splendor of Christmas Valley finds the true gem of a 2820 sq. foot home. Great floor plan for entertaining the whole family with 3 oversized bedrooms (it was originally designed for 4 bedrooms). Super-sized Living & Family Rooms, when you need a separate space to hang out in look no further. Galley style dining room off an eat in kitchen breakfast nook. Large, fenced backyard for everything you would like to have in your private yard. Enough room to park your RV and eliminate any extra fees of normal storage costs. Loads of decking both front and side plus covered walkway to shed & wood storage. New carpet has been installed May 28th. This wonderful property is 8 miles to the lake, 11 miles to Sierra and Heavenly Ski Resorts, 2 miles to the Getaway Café and a 2 block walk to the Truckee river!
Hosted By: Bret Howard (530) 318-5439
3153 Sacramento Ave.
This duplex sits just two blocks from Reagan Beach and the shores of Lake Tahoe. Cabin B showcases a full size kitchen in its compact 388 square feet and Unit C packs all the necessities for living into 308 square feet. A tiny home loves dream- live in one and rent out the other, or keep as an investment property as both units are currently rented with long term tenants. There are development opportunities as well with a bit of creative thinking. Recently upgraded, these units are perfect examples of Old Tahoe charm with modern amenities. This Duplex is within close proximity to restaurants, El Dorado boat launch, Lakeview commons, shopping and transit.
Presented By: Shannon Witt (530) 863-0548
3151 Sacramento Ave.
Don’t let the size fool you. Bigger is not always better! This adorable studio cabin was build in 1952 and has all the luxuries of living all wrapped up in 292 square feet. This is tiny living at its finest. With its recent upgrades you could live in it as-is or expand to make your dream home. Located 2 blocks from Reagan Beach and within close proximity to restaurants, El Dorado boat launch, Lakeview commons, shopping and transit. This is the perfect in to Lake Tahoe home ownership.
Presented by: Shannon Witt (530) 863-0548
1105 Sierra Blvd.
Back On Market!
Great centrally located duplex with income potential; just minutes away from shops, restaurants and much more! Rent both out or rent one and live in the other! Property boasts a fabulous hot tub, work shed and nice flooring. Cute planter boxes in the front yard and a fenced back yard with great potential- perfect for your furry friends or summertime barbeques. Pride of ownership shows on this well taken care of property. This is definitely a must-see income property!
Presented By: Jesse Yohnka (530) 318- 2518
721 Julie Lane
Tahoe mountain style cabin, vintage 1976, with 3 bedrooms, 2 baths, oversized 1 car garage, plus a bonus room/office! Super charming and well maintained darling cabin up at Gardner Mountain where life is good and away from the hustle and bustle of town! Still in a very good location- close to groceries, beaches, cafes and trails! This property comes with an amazing 6,534 square foot fenced and private yard with a storage shed to keep your tools and toys, as well as a large back deck- perfect for summer BBQ’s and get-togethers! The living room is light and bright, featuring a toasty woodstove corner with brick hearth. Also included is an eat-in kitchen and corner window table seating, which will charm all guests. Covered entry/walk-way, South facing driveway, a great backyard, and super sized decking for the whole lot of toys!
Welcome to Jubilee Kids Academy- one of South Lake Tahoe’s premier Preschool & Infant Daycare centers. In business since 2012, Jubilee is currently licensed for 42 preschoolers and 8 under 2 & also accommodate before & after school children. Fully staffed with 7 teacher & a director this property is a self-sustaining operation. Operating hours are Mon-Fri from 8am-5pm and there is an arranged bus stop in front of Jubilee for all elementary school kids. The property itself consists of two buildings totaling 2,656 square feet. The main building (Preschool) has 3 separate rooms, 2 kitchens, 4 bathrooms (two full & 2 baths) & an office area with 5 entrances/exits (1 ADA complaint). The second smaller (Infant Daycare) room has 1 bath & full laundry hook up. All of this sits on a 2.5-acre lot that includes a large kids jungle gym and play areas. There is parking for 8 cars out front. Located in the Tahoe Valley Community Plan Special Use Area #2 which allows for a myriad of uses.