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South Lake Tahoe Real Estate Update

September 18, 2020 by southtahoerealestate Leave a Comment

Hot Deals!

 

Open Houses this Weekend

 

News Links
Zillow Weekly Market Report Through September 5

Falling mortgage rates drive up home sales and refinances

Survey says now is a good time to sell a home…but it’s also a great time to buy

Sample The Sierra Restaurant Week Menus Lineup

Tahoe Quarterly Magazine
 

What’s Happening At The TRPA 

 

South Lake Tahoe Events 

 

LTUSD Community News  

 

Tahoe Weather – The weather is perfect in Tahoe! 
Lake Tahoe Real Estate Resource 

September 18th, 2020  

 

 

866.542.2912  
 Freedom to Telecommute Could Add Almost 2 Million Potential Buyers to the Market

Almost 2 million U.S. renters that currently can’t comfortably afford to buy an entry-level home in their current metro area could potentially afford the nation’s typical starter home if they took advantage of increased telework options and moved to a less-expensive locale. Zillow analyzed renter households for whom monthly payments on a starter home in their metro are unaffordable, but would be affordable on the typical U.S. starter home. Those households were then assigned a probability of being able to telecommute based on income, the worker’s industry and occupation. Millennials, between 26 and 40 years old, represent almost half of the 1.92 million renter households who could afford homeownership if given the flexibility to work from home, the largest generational group to potentially benefit from these new options. Click here to finish reading.
 South Lake Tahoe Real Estate Market Stats

The current absorption rate is -.78, which means we are still in a seller’s market with low inventory. While things have settled down here in South Shore a bit, we suspect this is due to a myriad of things-chief amongst which are the devastating West Coast wildfires and unhealthy smoke conditions. Coupled with adapting to the all new remote learning, which duties are now born upon the parents and families of school aged students. Life in our new Covid world keeps throwing curve balls at us but we are Tahoe Strong and will be here when you are ready to make your next move!
 C.A.R Covid Update

The housing market remains strong as rates hover below 3% and buyer demand continues to accelerate to unseasonably strong levels. Last week, unemployment dipped into the single-digits, small businesses were more confident last month, the service sector continued its recovery, and construction spending and industrial production also ticked up. However, supply is beginning to severely constrain existing home sales and the labor market recovery has decelerated significantly, so even as things continue to look better, the pace of improvement is slower and uncertainty abounds. Caution, prudence, and hard work remain the operative themes for the remainder of 2020. REALTORS® Reported Encouraging Business Results Last Week: The percentage of REALTORS® who saw an improvement in their business last week was up with 11.8% more doing a listing appointment last week, 20% more actually listing a property on the MLS, and 10.7% more respondents closing a transaction last week. Finish Reading Here. 
Tahoe Quarterly Through The Lens: Beautiful Tahoe Photos 

“The sight of Lake Tahoe’s blue water shimmering in the sun has been known to stop onlookers in their tracks, staring in amazement at the natural spectacle splayed out before them. The view is not shabby at night, either. As the sun sets behind the Sierra Crest, the stars take center stage, filling the expansive night sky with otherworldly beauty. Tahoe photographers are well aware of this opportunity, and will forgo sleep and warm fingers to capture the stunning display. Lucky for us.” Click here to finish reading and see more images. 
 Tahoe Fund Fact

Meat bees can be pesky, especially when trying to enjoy a picnic with lake views. Did you know that meat bees are not bees at all, but yellow jackets? These wasps don’t eat our food, but take the meat back to the hive to feed the larvae. Here’s a quick tip: Irish Spring soap is known to repel the yellow jackets.
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. 

953 Lakeview Ave #3, $1,059,000
NEW LISTING!!
953 Lakeview Ave #3
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.” 
 
  Wally Johnson
Call Wally Johnson 530-277-5687

940 Cave Rock Ave, $649,900
 
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 Tambra Anderson at 530-721-5588

874 Lapham Dr, $598,800          
 
874 Lapham Dr
Fabulous Lake Tahoe finds this spacious 2400 sq. ft 4 bdrm., 2 ba home including a charming fully equipped mother in law unit, centrally located to all the great spots; Minutes to the extensive trail network to hook you and yours up to the shops, grocery stores, cafes, beaches and mtn paths. This Tallac Park neighborhood is highly sought after with a local’s community feel, tucked away in plain sight! Lots of remodeling over time; newer windows and roof, newer flooring and bath makeovers too. Built in oak cabinetry, soap stone freestanding gas fireplace. Terrifically well maintained, pride of ownership is evident in this long term local family ownership. Landscaped front and private fenced back yards for enjoying all the seasons with family and friends or chillin’ on the cool fall evenings on your private back porch. From our family to yours welcome home! 
 
Call Bret Howard 530-318-5439

3737 Terrace Dr, $1,790,000
            
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

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. 
Call Jesse Yohnka 530-318-2518
Opens Featured Listings

439 Kent Way $1,350,000
 
439 Kent Way 
Looking for a wonderful, spacious home in Round Hill? Here is your chance to own this extremely busy vacation rental. Featuring 5 bedrooms, 4.5 baths and 2856 sqft the home offers an updated kitchen showcasing granite counter tops and newer cabinets, hardwood floors and upgraded bathrooms. walking into the property you are greeted with a separated living area with a beautiful gas fireplace, natural light from numerous windows and French doors that open to a large party deck. The second floor features a second family room, master bedroom and two additional bedrooms and bathroom. The bottom floor has two more bedrooms and a great theater room with surround sound. The three floors offer privacy and room for the whole family. The whole package is wrapped up neatly on .30 acres and is being offered turn key. This is the perfect primary, secondary or vacation rental home.

Lot #1, Cascade Properties, $299,900
 
Lot #1, Cascade Properties
Fabulous filtered Lake View home site, located in the highly desired and uber-rare gated lakefront community of Cascade Properties. Almost a half-acre parcel w/ 23% coverage allows you to truly build the home of your dreams with 4,120 sq. ft. of allowable coverage. It’s literally been decades since a lot in this neighborhood has become available. When you open the gate into exclusive Cascade Properties you’ll be surrounded by nature’s deliverables; sanctity home sweet home. Oh and there’s internet for all your live, work, play moments .. plus you get gorgeous views of the surrounding peaks and Lake Tahoe too! Take a stroll, ride your bike or launch your SUP and view your new paradise. When you’re done paddling to nearby Emerald Bay and it’s time to relax .. lay back and enjoy Tahoe vistas and sunsets.  

Filed Under: South Lake Tahoe Real Estate Update

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