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South Lake Tahoe Real Estate Update

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July 9th, 2020  

  

 
866.542.2912  
JUNE 30TH, STATELINE, Nev. – American Century Championship organizers are hoping fans that line Lake Tahoe beaches in boats to watch and interact with celebrities, will show the country how to “party smartly” amid the coronavirus.The boats and party scene along hole No. 17 has served as NBC’s iconic television shot portraying Tahoe before a national audience for 30 years during the celebrity golf tournament. With restrictions in place due to COVID-19 preventing the tournament from allowing spectators on the course, efforts by fans to catch a glimpse of their favorite celebrities from the water is expected to be even more heightened, officials said. Click here to read more. 
 
A record 27.0% of home searchers looked to move to another metro area in April and May 2020, a new high in the share of Redfin.com users searching for homes outside their area. It’s up from 25.2% in the second quarter of 2019 and 26.0% in the first quarter of this year. The latest migration analysis is based on a sample of more than 1 million Redfin.com users who searched for homes across 87 metro areas in April and May, excluding searches unlikely to precede an actual relocation or home purchase. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a particular metro area, and homes in that area must make up at least 80% of the user’s searches.Finish reading here.
 South Lake Tahoe Real Estate Market Stats
With a 1.85% absorption rate, Lake Tahoe real estate is an extreme seller’s market with properties getting multiple offers. 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. 
The California and national economies and housing markets continue to show improvement across a broad spectrum of indicators. However, we continue to face both ongoing and new challenges that we, as real estate professionals, need to be aware of to best serve our clients. Business has been improving, consumers are feeling better, and we are still enjoying all-time low interest rates. However, uncertainty has also increased in recent weeks, so we need to continue to hustle and avoid the temptation to celebrate the recent improvements because we still have a long row to hoe in California. California home sales exceed pre-COVID levels: Despite the short holiday week, home sales in California home sales ticked up last week. On average, 801 homes closed on the MLS each day last week-up from 795 the previous week. In addition, closed sales have now been above the pre-COVID levels of early March for the past four weeks, consecutively. This largely owes to the rebound in pending sales that began in mid-April. Finish reading 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. 

3737 Terrace Dr, $1,955,000           
NEW LISTING!!
3737 Terrace Dr
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! 
Shannon Whitt
Call Shannon Witt 530-863-0548

2608 Palmira Ave, $595,900          
 
2608 Palmira Ave
Lake Tahoe’s best buy! You can have it all in this newer 2005, 4 bdrm 3 bath home. Spacious living smack in the middle of town where you can catch the trails to the beach, walk to midtown shops and restaurants from this 2200 approx. sq. ft 2 story mtn modern home. This well laid out floorplan hosts upstairs open great room; cozy living room with a warm & inviting fireplace with granite surrounds, well-appointed kitchen & Bay window dining area all that opens to the viewing treks decking. Upstairs you’ll also find hall bath & 2 bdrms including the spacious & private master bdrm. Nicely appointed with natural stone flooring, marble counters & spa tub. The downstairs floor hosts the 2 additional bedrooms. 1 full bath, laundry, supersized garage AND large fenced yard! This could be perfect for so many configurations; spacious for the large family or multi-generational buyer. Great for the work from home crowd with separate work, live & play spaces. You can have it all!! 
Call Bret Howard 530-318-5439

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. 
Wally Johnson
Call Wally Johnson 530-277-5687

 
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.
Call Tambra Anderson 530-721-5588

 
940 Cave Rock Ave
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. 
 
Call Jesse Yohnka 530-318-2518
Opens Featured Listings

       
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! 

 
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. 

 
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.

       
2820 Blitzen Rd
Stunning river front 1 acre buildable parcel located in Christmas Valley. The South Upper Truckee River winds its way through the valley and past this lovely home site where building your dream home may begin! Lots of space around you for that added privacy with two adjacent USFS lots to the right and beautiful mountain and river views. Go to TRPA.org to research the building process in Lake Tahoe basin and start with the IPES scoring system. IPES of 982 with 30% coverage.

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