U.S. home prices jumped in October by the most in more than six years as a pandemic-fueled buying rush drives the number of available properties for sale to record lows.
That combination of strong demand and limited supply pushed home prices up 7.9% in October compared with 12 months ago, according to Tuesday’s S&P CoreLogic Case-Shiller 20-city home price index. That’s the largest annual increase since June 2014.
The coronavirus outbreak has forced millions of Americans to work from home and it’s curtailed other activities like eating out, going to movies or visiting gyms. That’s leading more people to seek out homes with more room for a home office, a bigger kitchen, or space to work out….Read here.
Sportsnet reported Friday that two National Hockey League games will be played in February outdoors at Edgewood Tahoe Resort in Stateline.
Both games will be broadcast by NBC on consecutive days Saturday, Feb. 20, and Sunday, Feb. 21. The Vegas Golden Knights will make the eight hour journey north to host the Colorado Avalanche on Feb. 20, according to the NHL on NBC TV schedule. The next day east coast teams will be showcased, the Philadelphia Flyers and Boston Bruins… Read here.
Weekly South Shore Real Estate Stats
Active median price is currently $1,349,500
Pending median price is currently $608,000
Sold median price is currently $593,000
Absorption rate is currently .89 of a month of Inventory
The take away from this is clearly reflected in the Sold and Pending Sales prices in the mid $500K- $600K range which is the sweet spot for many Second Home/Resort markets. The median home price for actives has risen with the higher end housing inventory staying on the market longer, naturally. The higher the price, the lower the number of qualified buyers in this Lake Tahoe life style get away market. However, now that you can work, learn, live and play remotely, our Lake Tahoe market has been the poster child get away for our drive and fly markets.
Wonderful Condo located in the Summit at Heavenly! This property boasts two bedrooms, two full bathrooms and a large loft area. There are a number of upgrades already completed but it awaits your final finishing touches. Located only a few minutes from the Cal Base at Heavenly and a short distance to Lake Tahoe, Ski Run Marina, shops and dining. This is the perfect spot for a weekend getaway, starter home or investment property.
Lake Tahoe Nevada Turnkey 8 plex apartment complex located at the foot of and walking distance to Stagecoach Base of Vail’s Heavenly Ski Resort in Summit Village. The former Royal Aloha Time Share complex hosts the 4 one bedroom 1 bath units and 4 two bdrm. plus loft 2 bath units. These spacious fully appointed and furnished units each have full kitchens, vertical stone fireplaces and stack washer/dryer units along with storage units for your skis and boards. The complex was built in 1980 and remodeled in the mid 2000s. Units are in very good condition with high quality materials used throughout and built for durability. The apartments are ideal for short or long term rentals and will be highly sought after. Other allowable uses per DC planning dept. include multi fam use and condo uses with and once an HOA is established. Loads of parking at the base of the complex. Summit Village HOA includes recreational amenities such as pool and hot tub along with snow removal. Separately metered for electric and one meter for gas. Terrific income opportunity or condo conversion all in this fabulous NV location.
Enjoy this spectacular Heavenly Lakeview home including 3 bedrooms, game room, 2.5 baths, 2,400 square feet, RV & Collectors Garage! This Mountain Chalet, with a stunning remodeled great room is anchored by floor to ceiling rock gas fireplace. Beautiful hardwood floors thru-out, gourmet kitchen to wow even the most discerning of chefs. All this sits perched on over 1.3 acres with wrap around decks and a large hot tub- excellent for enjoying all 4 incredible seasons. But wait there’s more as you stroll around check out the 2,400 square foot commercial grade utility/RV garage with hydronic heated floors. It’s perfect for all your toys, boats, collector cars, RV’s and more. Remodeled upgrades and amenities include a newer heavy composition roof, new wood and vinyl framed windows thru-out, recent exterior paint and new light fixtures, driveway sealcoating, RV hook ups, wine cellar, hydronic heated entry/mud room, game room flooring and oversized 2 car attached garage.
Indulge all your senses here in this gorgeous Lake Tahoe Modern Residence. Enjoy this well-crafted custom 7 bedroom, 6.5 bath home located in Heavenly Valley. Fully furnished & great for entertaining. Steps to Vails Heavenly ski resort, trails, arts & culture, casinos and more! It’s fully stocked to include majestic lake, forest & mountain views from every room including the expansive great room, anchored by a 2 story granite rock fireplace and the fully loaded Chefs gourmet kitchen with a huge granite slab counter where culinary creations are inspired. Eye candy views enjoyed from the dining & great room. Step out on the deck & enjoy the sunsets while you relax in the spa tub, or take in the show in the media room, then pop upstairs to the game room, fully equipped with your choice of billiards or ping pong. If that’s not enough, yes that is a fabulous full floor spa which includes an indoor swimming pool, steam shower & sauna room, plus lounge & fireplace. Come home to Tahoe & live the dream!
Home for the holidays? Prepare to be wowed by the stunning panoramic views of majestic Lake Tahoe and sunsets over the Sierra Mountain range, city lights and the runs of Vail’s Heavenly Ski Resort. All this from this turnkey fully operational vacation home, nestled on a boulder studded quarter acre corner parcel in the Heavenly neighborhood. This 3 bedroom + plus bonus room, 2 bath, nearly 2,000 sq. ft. rancher with 2 car garage and an oversized back deck (with après ski Hot Tub beckoning just off great room), has been host to many a good time. Now it’s your time to take this gem to the next level and let her shine! Location, setting and orientation of this home makes it a perfect fit for all your plans. That, plus the large parcel backing to acres of public forest gives you that added serenity, privacy and miles of trails for hiking and discovery.
Here is your chance to own your home and operate an established daycare out of it in beautiful Lake Tahoe. This 3 bed, 2 bath, 1582 square foot home is currently being run as a successful daycare/ preschool on the main floor with 2 personal bedrooms and a private bathroom upstairs. Upgrades include: remodeled upstairs bathroom, upgraded kitchen, 40 year roof installed in 2008, upgraded electrical, newer water heater, furnace and siding, newer sheetrock and fully insulated walls. The mudroom has a new exterior door and etched windows that were salvaged from the old Stetson steak house in the Horizon. Located in Meyers you have the added bonus of being zoned for livestock so this backyard is not only a mecca for fun but it also has a large chicken coop and a beautiful, mature garden, large shed and yard hydrant. So much is bundled into this package that it all cannot be listed here.
For the first time on the market this stunning contemporary mountain home on two lots offers beautiful finishes, an outdoor entertainment area of your dreams and just the right amount of space to spread out but still feel cozy. Upon entering the large entryway your welcomed into the home with travertine floors and warm vertical grain fir wainscotting. The kitchen features cherry cabinets, granite counter tops and a new chefs Wolf stove/oven. The flow of the kitchen to the dining room and living room is open and leads you out to your master backyard. The back yard is outfitted with a covered BBQ area of a chefs dream including a Turbo grill and burners. Step down onto the stone patio area and you’ll find a large fireplace and rotisserie pit. A new composition deck wraps around the covered porch area to a private hot tub overlooking the mature backyard. There is a main suite on each floor and the garage has been converted into a game/lounge area. This is a must see!!