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South Lake Tahoe Real Estate Update

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May 29th, 2020  

  

 
866.542.2912  
“March’s data witnessed the first impact of the COVID-19 pandemic on the S&P CoreLogicCase-Shiller Indices,” says Craig J. Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices. “We have data from only 19 cities this month, since transactions records for Wayne County, Mich. (in the Detroit metropolitan area) were unavailable. That said, housing prices continue to be remarkably stable. Click here to read this weeks recap.
Where people choose to live has traditionally been closely tied to where they work, which has helped push home values up very strongly in fast-growing urban job centers – especially on the coasts – and has led to housing scarcity and affordability concerns in several cities. But the post-pandemic recovery could mitigate or even produce the opposite effect and drive a boom in secondary cities and exurbs, prompted not by a fear of density but by a significant shift toward remote work.  Now that more than half of employed Americans (56%) have had the opportunity to work from home, a vast majority want to continue, at least occasionally, according to a recent Zillow survey conducted by The Harris Poll. Among Americans working from home because of the pandemic, 75 percent said they would prefer to continue to do so at least half the time, if given the option, after the pandemic subsides. Click here to read more.
 South Lake Tahoe Real Estate Market Stats
With a 6.3 monthly absorption rate, we are sitting between a buyer’s market and a seller’s market, or in other words a balanced opportunity market. Given the current state of the Covid world and while access to Tahoe for many is virtual, somewhat counter- intuitively, we are still enjoying an active real-estate market where solid values can be obtained by the buying and selling markets. Real estate listing Inventory is maintaining a slow but solid number of new listings coming to market while other inventory leaves the market in the form of sales (see absorption rate above) or expired listings. What we look for in these leading indicators is direction of the RE market for purposes of anticipating pricing and sales expectation. What we see currently is consistency (as opposed to volatility, such as the liquid equity investments markets). Please don’t hesitate to reach out to us and discuss the market place and how this might affect your plans for your real-estate at the moment we have green lights and blue skies but we’ll have to view it virtually! We can do that!!! To compare this report to last weeks, click here. To learn how to use the absorption rate, click here. 

 
Rules and regulations are ever-changing these days, but we know there are actions everyone should take to keep us healthy and safe. In coordination with local governments and health officials, Take Care Tahoe has created messages encouraging mask-wearing and social distancing, everywhere you go. Click here to read more.  

Opens 

Open Houses D

 


Please call to setup your personal open house! Look below for the agent’s phone numbers who will be at the designated house you’re interested in! Call them for more information. 

NEW LISTING!!
1901 Delta St

This beautiful 2-story custom home is walkable to all the restaurant and shopping amenities at the Y as well as a short drive/bike to South Shore’s best beaches! The upstairs living features an elegant kitchen that flows into the large living area; is perfect for those that love to entertain. Custom touches include granite slab counters, Milgard windows, French doors all with Hunter Douglas insulated honeycomb blinds, vaulted ceiling with recessed lighting, birch cabinets and a large walk-in pantry! The master suite features a Jack-n-Jill bathroom with privacy doors, triple sinks, stall shower with dual showerheads and large closet. Enjoy Tahoe nights from the upstairs deck, landscaped backyard or stare at the stars from the hot tub. 

Call Mason Hibbard 415-990-1212 

NEW LISTING!!
2329 Nekos Way

Perfect Quarantine Retreat!! This once in a lifetime opportunity to own a rare 6.76 acre parcel with its own private gated entrance off State Hwy 89 right past Baldwin Beach is now available. This beautifully forested parcel backs to two merging seasonal creeks and has wonderful views of Mt Tallac. The current 700 sqft 1 bedroom 1 bath house was fully rebuilt in 2014 from the ground up. In addition to the main living area 550 sqft of decking was added to allow for outdoor entertaining. Fully upgraded private well and plumbing provides pristine drinking water. The storage shed is roomy and could be turned into an additional sleeping area. The private gated road allows you the sole access to this gem. There is still over ~64,000 sqft of Bailey 5 coverage on the property to build your dream compound or sell off! Hiking and outdoor adventures wait for you once you exit the house. 

Shannon Whitt

Call Shannon Witt 530-863-0548 

 
1879 Bella Coola
Call this Tahoe Paradise” lovely home your Mountain get away or home sweet home! 
Completely furnished for those that are ready to move right in and start having the time of your life in this truly well located roomy 3 bdrm. 2.5 bath home with open living style. The floor plan lends itself to entertaining or cozying up on those snowy winter eves and simply enjoy the good life while sitting by the fireplace. Indoor /outdoor living gives plenty of space to roam. The yard beckons as it opens up to rolling lawn and landscaped sitting areas not to mention the hot tub that awaits after a fun day out. But perhaps best of all is the out your door access to hiking & biking trails or wander down and enjoy the Meyers downtown and enjoy some of the local color! Snow season is upon us with 3 resorts mere minutes away! Yes, you can have it all. Well priced for this turnkey county home, only thing missing is you! 
Call Bret Howard 530-318-5439

       
2208 Marshall Tr
Beautiful custom Tahoe home situated on a sunny corner lot in Montgomery Estates. Located across the street from national forest, this 4 bedroom 2.5 bath home boasts 2,995 square feet of living. Thoughtfully laid out design allows for single level living with master bedroom, kitchen, dining, living and laundry room on the first floor. A spacious loft, full bath, and 2 additional rooms encompass the second story. Enjoy yourself outside in the spa while looking at the forest. This property has everything in place and is ready for its new buyers personal touches! 
Tambra Anderson 530-721-5588

       
885 Rainbow Dr
Calling all buyers. Here is your chance to own a custom Tahoe home in South Lake Tahoe. This home is located in a quiet neighborhood close to all the bike trails, beaches, Camp Richardson, Fallen Leaf Lake, shopping and restaurants. The attention to detail has been found at this property. The main floor encompasses the great room with wood flooring thru out, hickory cabinets, natural wood bar and stainless steel appliances in the kitchen, large windows thru out to let all the natural light in, cobblestone fireplace with gas insert in the living room area and a large deck for entertaining and relaxing. The master bedroom boasts vaulted ceilings with a custom etched glass window, large walk in closets, master bath with Jacuzzi tub, heated natural stone floors and large enclosed shower. Downstairs you will find an additional family room with two large bedrooms, large bathroom with double sinks and the laundry room. The back yard is the perfect spot for the fur babies being fully fenced.
 
Wally Johnson
Call Wally Johnson 530-277-5687
Opens Featured Listings

 749 Whitney Dr. $199,750          
New Listing
749 Whitney Dr.
The good life begins here! Tahoe Keys Lagoon front vacant parcel ready for you to take the next step and build your dream home. This setting is quite spectacular with views of Sierra mountain peaks, Mt Tallac and Heavenly Valley. Not to mention the beauty that comes with the lagoon location; year round seasons and wildlife on full display. But wait it gets better! This parcel also come with a boat slip in the Tahoe Keys Marina F-13. Tahoe Beach and harbor HOA amenities also include: clubhouse, tennis courts, pier, beach access and playground and so much more. 
 

 
1331 Wildwood Ave
Heavenly Valley retreat! No detail was overlooked or dime spared in this beautiful remodel. Located just down the hill from Heavenly Ski Resort, this home offers beautiful filtered lake and mountain views. Sit on the wrap around deck and watch the sunset while warming by the double sided fireplace. Inside the home offers three bedrooms all with on suite bathrooms, large open concept kitchen/dining and living room and 2 car garage. Finish details include hardwood flooring through out, stainless steal appliances, granite counter tops, custom vanities, onyx and slate bathroom surrounds, designer window coverings and more. Unique to this house is AC and a sauna as well. 
 

 
3604 Osgood Ave
Find yourself here in this Lake Tahoe Mountain style cabin, plus a separate in-law sleeping quarters above the 2 car garage. Walk to the lake, stop over at Whole Foods and the new Tahoe mini village with shops, cafes and markets. Minutes to Heavenly Ski Resort & the Ski Run Marina. Amenities include stunning open beam, cathedral style T&G ceiling with the ambiance and feel of the true rustic cabin, yet remodeled for the best of both worlds. Newer metal roof, kitchen & bath cabinetry, sinks & appliances, double pane windows, newer flooring and carpet and that’s just the main house. Step out and through the attached oversized 2 car garage and up to your in-law quarters finding the lofted 1 bdrm. 1 bath penthouse”. There’s also a roof top party deck for your outdoor entertaining. 

NEW LISTING!        
1171 Country Club Dr
Once in a lifetime opportunity to build your dream house in a wonderful location with Lake Tahoe Golf Course as your backyard! This beautiful 13,790 sqft lot has an IPES score of 927 with 26% coverage. Located towards the end of the street, this level lot offers wonderful views of the fairway and mountains, quick access at the end of the street tot he Upper Truckee River and some wildlife spotting. Site plan completed and corners marked making this property ready for your vision. Drive by and see what potential this lot has for you! 
 

1323 Keller Rd. $1,190,000          
 
1323 Keller Rd
Surrounded by forest with peek-a-boo Lakeview’s, this one of a kind mountain masterpiece is a must see. Built in 2004, this home was finished with attention to the finest detail. Dramatic 22′ open beam ceilings, 60 wood-clad windows and skylights plus rustic maple flooring. The professional chefs kitchen includes built in appliances, granite slab counter tops and custom Alder cabinetry. The home offers not one but two master suites, 4 jetted tubs in all, a game room and hot tub situated in the trees. Located just down the street from the California Lodge at Heavenly on a 10600 sqft lot backing to USFS land. 

             
99 Rubicon Cir B
Here’s your chance to own on the NV side of South Lake Tahoe in Lake Village. This 3 bed 2 bath unit comes with a coveted spacious 2 car garage. Located right across from forest service land leading to endless hiking and biking trails. This unit is updated w/granite counter tops, new kitchen cabinets, slate flooring downstairs and wood floors upstairs. Newer master bathroom with travertine flooring, spacious shower and double sinks. Located off the main road this unit is very quiet.
 

           
1337 Wildwood Ave
With views of Lake Tahoe and Heavenly Ski Resorts Gun Barrel run this immaculate 4 Bedroom plus bonus room, 4 Bath house offers living at its finest. Gourmet chefs kitchen includes a double oven, 5 burner gas cook top & granite counter tops. The living room has a slider out to the top deck with views of the lake that also shares a double sided see through fireplace with the living room. All the bathrooms have hand pounded copper sinks and exquisite natural stone work including onyx, travertine, granite and marble. The Master bath spares no expense with a hand pounded copper free standing bath tub, walk in shower and custom double vanity w/ copper sinks. This is truly one of a kind property.

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