South Lake Tahoe Real Estate Update

– Existing, single-family home sales totaled 465,400 in August on a seasonally adjusted annualized rate, up 6.3 percent from July and up 14.6 percent from August 2019. 

– August’s statewide median home price was $706,900 up 6.1 percent from July and up 14.5 percent from August 2019.

– Year-to-date statewide home sales were down 6.8 percent in August.

 

LOS ANGELES (Sept. 16) – California’s housing market continued to improve in August as home sales climbed to their highest level in more than a decade as the median home price broke last month’s record and hit another high, 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 465,400 units in August, 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 August pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales. Click here to finish reading.

The current absorption rate is -.83, 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!

The current lake level for Tahoe is 6,226.39 feet, this marks the lowest that the lake has been since 2017. The lake is down nearly two feet from it’s maximum earlier this year of 6,228 feet. Built between 1909 and 1913, the Tahoe Dam helps regulate the outflow of water from Lake Tahoe.

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. 

 

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.” 

 

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. 

874 Lapham Dr, $598,800    

 

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! 

 

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! 

 

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.

 

 

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.