South Lake Tahoe, CA Market Statistics
- All Sales in the last 365 Days
- Absorption Rates - Last 365 Days
- All 2011 South Lake Tahoe, CA Sales
- All 2010 South Lake Tahoe, CA Sales
- All 2009 South Lake Tahoe, CA Sales
- All Current Escrow - South Lake Tahoe, CA
- Al Tahoe, CA
- Bijou, CA
- Black Bart, CA
- Christmas Valley, CA
- Gardner Mountain, CA
- Heavenly Valley, CA
- Highland Woods, CA
- Meyers, CA
- Montgomery Estates, CA
- Pioneer Trail, CA
- North Upper Truckee, CA
- Sierra Tract, CA
- S. Lake Tahoe Condos, CA
- The Tahoe Keys Condos, CA
- Stateline Area, CA
- Tahoe Island Drive, CA
- Tahoe Island Park, CA
- The Tahoe Keys, CA
- Tahoe Paradise, CA
- Y Area, CA
Stateline, NV Market Statistics
- All Sales in the Last 365 Days
- Absorption Rates - Last 365 Days
- All 2011 Stateline, NV Sales
- All 2010 Stateline, NV Sales
- All 2009 Stateline, NV Sales
- All Current Escrow - Stateline, NV
- Cave Rock, NV
- Glenbrook, NV
- Hidden Woods, NV
- Kingsbury (Lower), NV
- Kingsbury (Middle), NV
- Kingsbury (Upper), NV
- Lakefront Properties, NV
- Round Hill, NV
- Skyland, NV
- Summit Tahoe Village (Condos), NV
- Lake Village TownHomes, NV
- Zephyr Heights, NV
Stat Counter
Archive for August, 2008
National Sales of Existing Homes rise, so does Inventory… is this true in South Lake Tahoe?
August 27th, 2008 categories: Lake Tahoe Real Estate
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.
| Discussion: Please leave a comment.
South Lake Tahoe Home Sales Report
August 26th, 2008 categories: For Buyers, For Sellers, Lake Tahoe Real Estate, Market Performance Updates, South Lake Tahoe Statistics, South Lake Tahoe, CA
South 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.
| Discussion: Please leave a comment.
Introducing our South Lake Tahoe Video Seminar Series
August 23rd, 2008 categories: For Buyers, For Sellers, Lake Tahoe Real Estate, South Lake Tahoe Statistics, South Lake Tahoe, CA, 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.
| Discussion: Please leave a comment.
South Lake Tahoe Bargain Hunting: An astounding value in a large, custom home.
August 15th, 2008 categories: Best Deals, For Buyers, For Sellers, Lake Tahoe Real Estate, Pioneer Trail, South Lake Tahoe Statistics, South Lake Tahoe, CA
1161 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.
| Discussion: Please leave a comment.
Our Tahoe Keys Wooden Boat Show in South Lake Tahoe.
August 13th, 2008 categories: About Us, Lake Tahoe Beauty, Lake Tahoe Real Estate, Tahoe Keys
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.
| Discussion: Please leave a comment.
I’ll have a Big Mac, a Quarterpounder with Cheese… and a House.
August 13th, 2008 categories: About Us, For Buyers, For Sellers, Foreclosures, Lake Tahoe NV Statistics, Lake Tahoe Real Estate, Market Performance Updates, short sales
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.
It’s like the primary hiring criteria for short sale employees is a pronounced cranial vacuity, one so vapid that one does not understand, nor care, that spending time somewhere is not work. Nor is not answering the phone, not returning phone calls, losing documents hourly, not remembering what you, or anyone else in your company said yesterday, or anything of the sort.
An Example :
Here’s an example, and then lets solve the problem… for both short sale departments… and McDonalds.
We have a listing that is a short sale. It took the owner 6 months to get his bank, through a 3rd party servicing company, to allow it to become a short sale in the first place. (We won’t name the company, but you might find it here.)
Part of the short sale approval process included an appraisal ordered by the bank. From an appraiser who does not work in this area, who does not have experience with appraising value here, who called us to help him. And then overvalued the property by at least $50,000.
But rather than tell the Owner, and thereby us, the bank either never looked at the appraisal in the first place, forgot about it completely, or decided for some unknown vacuous thinking reason to keep it to themselves, like one would keep a secret formula… for, well… a Sausage McMuffin or something else so important.
So we get an offer on the house. A fair one. Three months ago. And we fax all of the documents to the short people daily, and we call them daily. And it’s like ordering in the drive-through lane, expecting to hear something, somebody, on that little speaker… when McDonalds is closed!
All the while, of course, and its understandable, the buyer and the buyers agent want to know if their offer is accepted. One for hundreds of thousands of dollars. But the short people just can’t be bothered to respond. Apparently they are so busy not responding to other people they can't respond to us. (It's like a Joseph Heller novel, only more absurd.)
Finally we get a breakthrough. We find one of them, six weeks into the fiasco. “I can’t talk to you,” the short person said, “I need written permission from the owner.” She was unimpressed when we explained that we had sent it daily for weeks on end… with no response.
She was equally bored that we had an offer where time was of the essence. In fact, Ms. Snippity Short would not give us her email address, the address of her office, a direct phone number, or anything to help us give the company she doesn’t-work for real money.
Obviously it’s had to find incentive with a paid-by-hour mass of incompetance posing as an employee.
Two weeks later, we find out that they will only accept the appraised value. The one done by the appraiser who doesn’t work around here. So the long and short of that offer was the buyer just went away. And the house now sits.
Adding Insult to Injury :
Here’s what’s going to happen, and it’s not an isolated incident. This is happening much of the time all across this country. The house will become bank owned. The short people will pass it on to the banks REO department, which will then get it appraised again.
They will also “fire” the listing agent, who did their job correctly, get a new listing agent, one they've probably never met before, and put it back up on the market… for much less than the offer that the short people either rejected, or failed to respond to at all. (Heller would roll over in his grave.)
That’s right folks, the bank, and whoever would have thought it, has people posing on their behalf who will turn down more to take less. Come to think of it, McDonalds employees are much smarter than that. (Instead, we’re now thinking short people must come out from under rocks at the perimeters of deep, dark forest ponds.)
It appears that the short people don’t share with the REO people. That would be too easy, and this is not a case of the right hand not telling the left hand what it’s doing. It’s a case of the right hand not knowing there is a left arm.
It’s like the CIA, the FBI, the Department of Immigration and Homeland Security not sharing information with each other… and then still claiming defiantly that they are in the intelligence business.
The Solution :
So the solution is simple. First, lets get rid of short sale departments all together. Then lets put Ronald McDonald in charge. It will be a step up, after all. And it’s always better to put a clown in charge who knows what he’s doing, than a hand-me-down clown who doesn’t. (They may be a seque into politics here, but we’ll pass.)
Then lets get McDonalds to handle all short sales in store. We’ll have the realm of short order cooks run the show. They’re efficient, like a machine, meeting and fulfilling customers and their needs everyday. (You gotta love it.)
It will start in the drive-through lane. “I’ll have a Big Mac, a Quarterpounder… and a House,” we’ll say into the microphone, and a voice in the little speaker will instantly chime, “would you like the house supersized?” (Already, I’m Loving It!)
If one goes inside, the usual McDonalds offerings will all be up there on the backlighted overhead menu above…, along with the featured short sales of the day.
We’ll step right up and say something like, I’ll have a number 4, a number 2, and the 3BD rancher with the pool. Efficiently the person behind the counter will ask, “for here, or to go?”
“And an apple pie on top,” we’d remember, and voila, the person is at the cash register, keying in the order, would say, “that will be three hundred sixty-three thousand dollars… and sixty-five cents.” (Are you lovin' it more?)
It’ll be perfect. Done in an instant, and there won’t be any falderal, no miscommunication, or lack of it, no passing the buck, or not getting the buck at all, with this solution. Every happy meal, and every transaction will be immediate, and wonder of all wonders, none of the McDonalds employees will turn around, keeping secrets from their manager, and sell a Big Mac for less.
Because all McDonalds employers can recognize a bigger number from a smaller one, even if its money. If banks would just remember that alone when it comes to short sales, what a much more understandable world it would be.
Ok, the video below is predictable, but I’m Loving It too!
| Discussion: Please leave a comment.
A South Lake Tahoe Homeowners Dilemma: Are You Willing to Bet $12,147 a Month that Your Overpriced Home Will Sell?
August 9th, 2008 categories: For Sellers, Lake Tahoe NV Statistics, Lake Tahoe Real Estate, Stateline, NV
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.
Read the rest of this entry »
| Discussion: Please leave a comment.
The State of the Stateline, NV Real Estate Market Right Now!
August 9th, 2008 categories: Lake Tahoe Real Estate
Five 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).
| Discussion: Please leave a comment.
South Lake Tahoe Real Estate Update: Stateline, NV Home Sales in the last 365 Days.
August 9th, 2008 categories: For Buyers, For Sellers, Lake Tahoe NV Statistics, Lake Tahoe Real Estate, Market Performance Updates, Stateline, NV
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.
| Discussion: Please leave a comment.
South Lake Tahoe Real Estate Update: Stateline, NV Absorption Rates
August 9th, 2008 categories: Absorption Rates, For Buyers, For Sellers, Lake Tahoe NV Statistics, Lake Tahoe Real Estate, Stateline, NV
Decline 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.
| Discussion: Please leave a comment.
Search Listings
New Listings Today
Foreclosures & Short Sales
Our Videos
Click Here to
view our latest videos.
