California homebuying season extends into fall as home sales and prices remain elevated in October, C.A.R. reports
– Existing, single-family home sales totaled 484,510 in October on a seasonally adjusted annualized rate, down 1.0 percent from September and up 19.9 percent from October 2019.
– October’s statewide median home price was $711,300 down 0.2 percent from September and up 17.5 percent from October 2019.
– Year-to-date statewide home sales were down 1.3 percent in October. LOS ANGELES (Nov. 17) – Continued record low mortgage interest rates sustained California’s housing market in October as home sales and prices took a breather from September’s record high levels and still recorded double-digit increases from a year ago, 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 484,510 units in October, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2020 if sales maintained the October pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales. Read here.
California’s housing market remains on an unseasonably strong tear as home sales and prices remain elevated in October. In fact, C.A.R. is likely to revise its recent projection for 2020 even higher based upon the outlook for closed sales in the final two months of the year given a shrinking percentage of transactions falling out of escrow. The amount of uncertainty impacting the market has also been shrinking over the past three weeks as fewer buyers and sellers back out of deals. Meanwhile, the macroeconomic progress continues while rates remain near all-time lows and buyer demand remains strong as 2020 appears poised to end on a high note for housing. Buyer demand remains unseasonably strong: Whether measured by either mortgage applications or by requests for showings, homebuyer demand continues to remain at least 20% ahead of 2019 levels. In addition, PEAD form data shows that viewings were up more than 18% in October from September despite the end of the traditional homebuying season. Read here.
Weekly South Shore Real Estate Stats
.83 Absorption rate, yes indeed were back to less that one month of inventory and no end in sight given the month over month activity shows the following;
Sales increasing slightly
Inventory lowering and
Pending sales are holding steady.
Be careful out there this festive holiday season. And If real estate activity is in your plans, let us help you safely make that a dream come true! We can tour with you in person or virtually. See our Matterport tours at realtordeb.com to get those creative juices flowing!
In Tahoe, 1 inch of precipitation is equal to about 10 inches of snow. This week’s storms brought over a foot of new snow. Thanks to the reporting from ski resorts around the Basin, it is easy to find how the snow is falling at your favorite resorts. To get up-to-date snow reports and mountain information, we recommend visiting Tahoe Daily Snow.
Lake Tahoe’s amazing gated Heavenly neighborhood finds this most enticing opportunity, check it out! Fabulous Lake Tahoe & Heavenly Ski Resort 360 degree views comes with this spectacular 3 bdrm.,+ game room, 2.5 ba 2400 sq. ft Mtn Chalet with stunning remodeled great room anchored by a floor to sceiling rock gas fireplace, beautiful hardwood floors thru-out, gourmet kitchen to wow even the most discerning of chefs. All this sits prominently perched on over 1.3 acre with wrap around decks and family sized hot tub excellent for enjoying all 4 incredible seasons. But wait there’s more.. as you stroll around the nicely landscaped grounds Check out the 2400 sq. ft commercial grade utility /RV heated garage perfect for all your toys and I do mean all your toys plus your RV, plus your collector cars and more. Remodeled upgrades and amenities include a newer heavy comp roof, new wood and vinyl framed windows thru-out, recent exterior paint and new light fixtures, driveway sealcoating, RV hook ups, wine cellar, hydronic heated entry /mud room, game room flooring, oversized 2 car attached garage.
Home for the holidays- prepare to be wowed by the stunning panoramic views of majestic Lake Tahoe, and sunsets over the Sierra Mtn range, city lights and the runs of Vail’s Heavenly Ski Resort as seen from this turnkey fully operational vacation home nestled on boulder studded quarter acre corner parcel up above it all in the Heavenly neighborhood. This 3 bdrm.+ plus bonus rm, 2 bath, nearly 2,000 sq. ft. rancher with 2 car gar and an oversized back deck (with aprs ski Hot Tub beckoning just off great room), has been host to many a good time. Now it’s your time to take this gem, this aging beauty to the next level and let her shine! Location, setting and orientation of this home makes it a perfect fit for all your plans. That, plus, the large parcel backing to acres of public forest gives you that added serenity, privacy and miles of trails for hiking and discovery.
Indulge all your senses here in this gorgeous Lake Tahoe Modern Residence. Enjoy this well-crafted custom 7 bdrm, 6.5 ba. hm located in Heavenly Valley. Fully furnished & great for entertaining. Steps to Vails Heavenly ski resort, trails, arts & culture, casinos and more! It’s fully stocked to include majestic lake, forest & mtn views from every room including the expansive great room, anchored by a 2 story granite rock fireplace and the fully loaded Chefs gourmet kitchen with a huge granite slab counter where culinary creations are inspired. Eye candy views enjoyed from the dining & great room. Step out on the deck & enjoy the sunsets while you relax in the spa tub, or take in the show in the media room, then pop upstairs to the game room, fully equipped with your choice of billiards or ping pong. If that’s not enough, yes that is a fabulous full floor spa which includes an indoor swimming pool, steam shower & sauna room, plus lounge & fireplace. Come home to Tahoe & live the dream!
Here is your chance to own your home and operate an established daycare out of it in beautiful Lake Tahoe. This 3 bed, 2 bath, 1582 square foot home is currently being run as a successful daycare/ preschool on the main floor with 2 personal bedrooms and a private bathroom upstairs. Upgrades include: remodeled upstairs bathroom, upgraded kitchen, 40 year roof installed in 2008, upgraded electrical, newer water heater, furnace and siding, newer sheetrock and fully insulated walls. The mudroom has a new exterior door and etched windows that were salvaged from the old Stetson steak house in the Horizon. Located in Meyers you have the added bonus of being zoned for livestock so this backyard is not only a mecca for fun but it also has a large chicken coop and a beautiful, mature garden, large shed and yard hydrant. So much is bundled into this package that it all cannot be listed here.
This fully remodeled custom home has be outfitted with only the highest end finishes. With adding on an additional 1532 sqft of living space, the owner completely changed the style and level of elegance this home had to offer. Over the last three years this extensive remodel has included an entire exterior facelift using redwood and slate, Ipe and slate decking, redwood railings and a new metal roof. Inside includes an addition of two master suites on the bottom level, new oak and mahogany hardwood flooring through out, custom porcelain and marble tilework, heated bathroom floors, custom poured concrete fireplace, stainless steel appliances, quartz counter tops, custom SS and glass railings and so much more. This home is being offered fully furnished with furnishings from West Elm, Pottery barn and Article, a single slab Balinese Suar wood table set in the kitchen and a mid century antique Lane Alta Vista bedroom set. There is just too much to list so this is a must see!
Lake Tahoe LAKEFRONT Townhome describes Unit #3 which is the closest unit to the lake, taking full advantage of the panoramic views in this well-maintained 6-unit townhome complex nestled among the tall pines of the ever-popular Al Tahoe neighborhood. Units are staggered for best views of Lake Tahoe with a fully landscaped courtyard. Complex property includes a pier & buoy and is currently awaiting full reconstruction of the bulkhead*. This 2 bedroom en-suite 1320 sq. ft unit comes fully furnished turn key**. It has enjoyed a complete remodel in the early 2000s and is a pleasure to show and view***. The reverse floor plan allows optimum advantage of lake, sierra mountain range sunrise and set views off the deck located off the great room; living kitchen and dining room* and includes a 3 ba on the living floor as well. Set back from the street for privacy with covered parking and a storage unit up front. Beautifully furnished & decorated with a “Tahoe turn of the century flair.”
For the first time on the market this stunning contemporary mountain home on two lots offers beautiful finishes, an outdoor entertainment area of your dreams and just the right amount of space to spread out but still feel cozy. Upon entering the large entryway your welcomed into the home with travertine floors and warm vertical grain fir wainscotting. The kitchen features cherry cabinets, granite counter tops and a new chefs Wolf stove/oven. The flow of the kitchen to the dining room and living room is open and leads you out to your master backyard. The back yard is outfitted with a covered BBQ area of a chefs dream including a Turbo grill and burners. Step down onto the stone patio area and you’ll find a large fireplace and rotisserie pit. A new composition deck wraps around the covered porch area to a private hot tub overlooking the mature backyard. There is a main suite on each floor and the garage has been converted into a game/lounge area. This is a must see!!
Best of both worlds, Ol Tahoe historic neighborhood yet a unique newer 5 bdrm., 2 ba charming cabin. All this plus it’s the best of locations in Al Tahoe, near beach, bike trails, shops, lakeview commons and cafs. Original cabin built in the 1930’s but was completely rebuilt in 1990 saving much of the original knotty pine wains-coating. This spacious mtn. style home has been host to many extended family gatherings, vacation home and now a long term rental. Highly desirable multi family or large gathering 2432 sq. ft. spacious floorplan, includes oversized living spaces, bedrooms and outdoor spaces as well. Perfect for entertaining no matter the season. Supersized kitchen with all the amenities, river rock mantel hosts the gas fireplace in the great room, all done in knotty pine making this a warm, inviting room for all. Plus loads of parking and places to hang.
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3599 Lake Tahoe Blvd.
South Lake Tahoe, CA 96150
276 Kingsbury Grade
PO Box 7199
Stateline, NV 89449
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