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South Lake Tahoe Real Estate Update

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Most State COVID Restrictions Relaxed: The Breakdown and Industry Response

Mortgage rates set new record low, falling below 3% as concerns rise about coronavirus second wave

Despite COVID-19 Crisis, More Than Half of Homebuyers More Likely to Purchase a Home Soon

The Summer Home-Buying Season May Be Much Hotter Than Expected-Here’s Why

Tahoe Quarterly Magazine
 

What’s Happening At The TRPA 

 

South Lake Tahoe Events 

 

LTUSD Community News  

 
Lake Tahoe Real Estate Resource 

June 18th, 2020  

  

 
866.542.2912  
 
The unemployment rate fell to 13.3% in May as more cities and states reopened and many furloughed employees were called back to work, the U.S. Bureau of Labor Statistics announced on Friday. While unemployment is still high, it’s less than April’s rate of 14.7% and well under the predictions of many economists. “There are signs that the better-than-expected jobs situation is already having a positive effect on the housing market. We’re seeing more home buyers in the market than we did this time last year,” says realtor.com® Chief Economist Danielle Hale. “It’s shaping up to be a hotter-than-expected summer in the housing market.” Finish reading here. 
Father’s Day is upon us. So what’s a better present to give Dad than the gift of an inscribed bear, trout, or his name on the donor wall of the East Shore Trail? It’s not too late to order yours. A new donor wall and bear plaques are being put in at Hidden Beach, along with more trout along the scenic bridge. Click here to find out more!
 

Mortgage rates started the week near a record low but rose steadily throughout the week, with a spike on Friday, following the May employment report, which was much less dire than expected. The average for the week, however, showed only a small gain, with the 30-year fixed increasing to 3.38% from 3.37% for conforming loans with a 20% down payment. Points, including the origination fees, were unchanged at 0.30. Click here to read more.
 South Lake Tahoe Real Estate Market Stats
With a 3.8 monthly absorption rate, we are in a strong seller’s 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. 

 
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. 

      
2957 Pinewood Dr
Beautifully updated mountain oasis. This chalet sits towards the back of the property offering a peaceful spot on an already quiet street with natural landscaping. Inside you will find an open floor plan with 2 bedrooms & 1 bath downstairs, and 2 bedrooms and 1 bath upstairs. Upgrades include new roof, new flooring, new HVAC, new cabinets, new butcher block counters, fully remodeled bathrooms, new appliances, new windows, doors, and new bear box! Nest thermostat & new uninstalled TRPA compliant wood burning fireplace. All you need is your suitcase!
 
Wally Johnson
Call Wally Johnson 530-277-5687

 
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 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.
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! 
Shannon Whitt
Call Shannon Witt 530-863-0548
Opens Featured Listings

 
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. 

 
220 Terrace View Dr
A one of a kind must see pristine 1973 custom home with an attached 800 sqft 4 car garage. When you walk though the doors you are welcomed by a great room featuring large beam vaulted ceilings, floor to ceiling rock fireplace and wall to wall windows in the living room allows for amazing views of the lake- no art necessary! The main floor has a great room, master bed, 2nd bed and hall bath. There is a loft with 1 additional bed upstairs. Take the elevator down to the second floor and you have the exact same layout with a kitchenette, master and 2nd bed. This could be turned into a second unit if one desires. Keep this home in its mint condition 1973 design or customize to your hearts desire. 

 2576 Alma Ave. $339,000           
 
2567 Alma Ave
Calling all would be Lake Tahoe homeowners: now’s your chance to get into the housing market!! This affordable and roomy 2 bedroom, 1 full bathroom, plus 1 car garage comes neatly packaged in this rancher style home. All with a pleasant twist on the floor plan which includes room for an eat in kitchen, dining area and great room leading to the fabulous fenced back yard, all this for spacious family spread or entertaining! Loads of pre-existing covered parking, super sunny centrally located Lake Tahoe home. Hop on your bike and the trails, or walk to the shops, restaurants and markets in the area of Tahoe Sierra. Make this your next home and take advantage of today’s super low interest rates which truly makes this home a better option than renting.
 

 
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.

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. 
 
 

 
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. 

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