Archive for August, 2008

National Sales of Existing Homes rise, so does Inventory… is this true in South Lake Tahoe?

Comparing the recent National Association of Realtors report with South Lake Tahoe.

The report on MarketWatch, the Wall Street Journal digital network, was essentially this, “Sales of existing homes climb in July, but so do inventories.” (read it here). The report came from an August 25th press release from the National Association of Realtors (NAR). (read it here)

As we all know, “all real estate is local.”  This is a common phrase, and it means each real estate market is unique unto itself, and as such, real estate trends and conditions in one market do not necessarily compare to those of another.

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Written by Richard Bolen | Discussion: Please leave a comment.

South Lake Tahoe Home Sales Report

South Lake Tahoe Home Sales Update - Last 365 DaysSouth Lake Tahoe Home Sales in the last 365 days.

We’re about to review two national real estate articles and do best do that we’ve just updated your real estate home sales summaries and Market Performance for South Lake Tahoe, CA.

All South Lake Tahoe home sales in the last 365 days, here

 

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Introducing our South Lake Tahoe Video Seminar Series

The prototype for taking our South Lake Tahoe Real Estate Seminars online.

 

 

We’ve been working on this for a while. It’s not totally right yet, so lets consider it a preview. A coming attraction. There are tweaks yet to be done.

To see this video, you’ll need Adobe Flash Player 9 (download mac version here, PC version here.)

We might have been through with this test sooner, but we got 2 offers on 2 different listings yesterday, put up a new listing this morning, and have had a series of showings throughout the week, and today we had 2 showings on 2 of our high end listings at the same time. Gary did one, I did the other.

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South Lake Tahoe Bargain Hunting: An astounding value in a large, custom home.

South Lake Tahoe Real Estate Bargain: 1161 Tokochi1161 Tokochi, Pioneer Trail, South Lake Tahoe… a steal at $221 per square foot!

As mentioned in an earlier post, South Lake Tahoe Bargain Hunting 101, we’ve had recent requests from many Buyers who are looking for the best deals on the market. (That’s one of the productive things about this blog, we’ve got real buyers asking real questions.)

You will find that 1161 Tokochi, a recently built, expansive single family home in the South Lake Tahoe neighborhood of Pioneer Trail, is a stunning find for any bargain hunter.

If fact the last such deal we put on the market  got 4 offers in one Day. And more after that. This is what happens in this market when buyers actually recognize the deal they are looking for.

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Our Tahoe Keys Wooden Boat Show in South Lake Tahoe.

Well, what can we say. Our South Tahoe Wooden Boat Classic was… a classic. Truly one of a knid works of art these boats are, and Lake Tahoe seems to be a source point of one of  the largest, if not the largest fleets of rare, restored wooden boats in the country.

It was one of the highlights of the summer for the South Lake Tahoe and Tahoe Keys communities. One of our owners, Nancy Fennell, and Dickson Realty was the principal sponsor for the show.

Featuring the "Thunderbird", there were some 50 or so boats to marvel at, and marvel they did. All privately owned, and kept in marinas and private homes around the lake, the boats started gathering the night before the show. A gala wine tasting do, a raffle and silent auction marked some of the events, all of which benefited local charities such as Boys and Girls of Lake Tahoe, The Lake Tahoe Heritage Foundation and area fire departments.

Thousands of folks showed up throughout the day. Ticket  proceeds went to the charities too. A band played soft jazz, there was food, wine and dining at the Fresh Catch in the Tahoe Keys Marina. It was a good thing for a good cause, and we hope you enjoy the slideshow.

 


Some newer and older posts about the Tahoe Keys:

May, 12, 2010, Tahoe Keys real estate update, here.
April 16, 2010, a look at South Lake Tahoe sun path, here.
April 13, 2010, a study of Aloha Drive in the Tahoe Keys, here.
March 18, 2010, more Tahoe Keys stuff, here.
March 18, 2010, Tahoe Keys real estate update, here.
February 5, 2010, an extraordinary Tahoe Keys listing, here.
January 29, 2010, Tahoe Keys real estate update, here.
January 3, 2010, Tahoe Keys real estate update, here.
December 4, 2009, Tahoe Keys real estate real update, here.
September, 28, 2009, Tahoe Keys real estate update, here.
August 4, 2009, Tahoe Keys real estate update, here.
June 4, 2009, Tahoe Keys real estate update, here.
March 26, 2009, Tahoe Keys real estate update, here.
August 13, 2008, Tahoe Keys wooden boat show, here.


Why we publish this blog:
We support our families by helping folks buy and sell real estate. The goal here is twofold: to show you convincingly why you should consider asking us for help, and that you can trust the help you will find.

Email us directly here. Call us: 800-923-9022.
Search South Lake Tahoe, CA listings here. Search Stateline, NV listings here. Automatic Listing notification here.

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Written by Richard Bolen | Discussion: Please leave a comment.

I’ll have a Big Mac, a Quarterpounder with Cheese… and a House.

Short Sales and McDonalds, a better mix than  you might think.Short Sale Tales… and Short Order Cooks.

Our recent follies with short sale departments at various banks, and particularly those with 3rd party servicing companies, have led us to one inescapable conclusion. The people working there today all worked at McDonalds yesterday.

The idea that they are working, these short people, is a misnomer. Its the fast food industry meets the housing industry, and the result is not gradual coronary thrombosis, it’s instant paralysis… from head to toe.

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A South Lake Tahoe Homeowners Dilemma: Are You Willing to Bet $12,147 a Month that Your Overpriced Home Will Sell?

South Lake Tahoe Real Estate Home Sales: Losing money is not winning.A sober question for sober times in Stateline, NV. (There’s still good money to be made… if the price is right.)

Well, we realize the headline is sensational. But it could be a lot more sensational. But first lets qualify what we mean by a $12,147 monthly bet. Then we’ll see if we’re actually being conservative… even while being guilty of crafting attention getting headlines, like the news media does, at the same time.

At the beginning of this year, the median sold price on the Stateline, NV side of the South Lake Tahoe real estate market was $706,250.  It is now $620,000. (Glenbrook and Lakefront homes not included.)

This amounts to a median sold price decline of $86,250 so far this year. Or $12,147 a month, and counting, to date.
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The State of the Stateline, NV Real Estate Market Right Now!

Current State of the South Lake Tahoe Real Estate MarketFive key Stateline, NV real estate market indicators: Demand, Supply, Escrow, Prices, Absorption.

The following is a summary of all key South Lake Tahoe real estate market indicators for Stateline,  NV.  Details for each of the five key indicators follows.

Particular items of note:

  • there are more homes in escrow than anytime in the last 2 years…
  • but demand is still down.
  • median sold prices are lowere than they  have been in the last 5 years.
  • there are 5 luxury homes in escrow (from $2.2M to $5.2M)…
  • but there are 11 homes in escrow priced under $500,000 (61% of the homes in escrow).

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Written by Richard Bolen | Discussion: Please leave a comment.

South Lake Tahoe Real Estate Update: Stateline, NV Home Sales in the last 365 Days.

Stateline, NV - South Lake Tahoe Real Estate Market Report

Stateline, NV  Real Estate Market Performance: All Home Sales – Last 365 Days.

We’ve just updated the market performance for Stateline, NV, the Nevada side of our South Lake Tahoe real estate market. 

The median sold price in Stateline, NV is the lowest it has been since 2003.

To best look at overall market performance, we provide market data for the last 365 days, plus separate looks at 180 days, at 90 days and the last 30 days. Here.

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South Lake Tahoe Real Estate Update: Stateline, NV Absorption Rates

Stateline, NV - Lake Tahoe Absorption RatesDecline in Demand, Increase in Inventory and Price Declines create Excellent Buying Opportunities in South Lake Tahoe.

We’ve just updated the Absorption Rates for the Stateline, NV side of our South Lake Tahoe real estate market.

The market is absorbing (selling) an average of about 6 homes per month.

This chart contains market wide absorption rates, and a lot more.

For absorption rates by price range, plus current inventory, here.

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Real Esate Tomato Chiclet