TAHOE REAL ESTATE Category
Across the county middle class home buyers are finding far fewer affordable homes for sale. In many of the top real estate markets, more than half of the homes for sale were out of range for the middle class. Lake Tahoe real estate market still affordable The Lake Tahoe real estate market is a different scenario since most home buyers are from outside of the region so their income isn't earned in Lake Tahoe. Affordability is an issue though. Home prices in...Continue Reading!
The median sales price of homes sold in South Lake Tahoe rose for the 14th straight month in September, 2013. Almost all other figures moved in a positive direction as well. Median Sales Price Continues to Rise The median sales price for homes that closed in September, 2013 was $307,000, which caps off fourteen straight months of continued price increases. For the past year the median sales price of homes sold in South Lake Tahoe was $299,000, up 26.7% from the previous...Continue Reading!
In order to better serve my clients by providing a higher level of service, I recently became a Certified South Lake Tahoe Area Specialist. Even with living in Lake Tahoe for over 30 years I find that it is very important to continue learning about the area as laws and regulations continue to change. Whether buying or selling a home, it is a very important decision to incorporate the expertise of a knowledgeable, local REALTOR®. Choosing to work with a REALTOR®...Continue Reading!
The Upper Truckee neighborhood in South Lake Tahoe is spread along the base of Echo Summit on the north and south sides of Highway 50 near the Truckee River. This neighborhood is the farthest away from the Stateline area. Lake Tahoe Real Estate in the Upper Truckee Neighborhood Homes in the Upper Truckee neighborhood vary from cabins to larger, newer vacation homes. Lots tend to be larger and many homes are newer than the typical South Lake Tahoe home. One reason for this is because...Continue Reading!
The Meyers neighborhood in South Lake Tahoe is looked at as the Gateway to South Lake Tahoe. It is located at the base of Echo Summit and is the first town travelers from Sacramento reach as they head to South Lake Tahoe. Lake Tahoe Real Estate in the Meyers Neighborhood The town of Meyers started out as a stagecoach stop, Pony Express station and a trading post in the mid-1800's. Now it is home to shopping, services, restaurants, 2 golf courses, cabins and to newer contemporary...Continue Reading!
California Assembly Holds Underwater Homeowners Hostage The California Association of Realtors (C.A.R.) is a sponsor of SB 30, a bill which would provide relief to distressed homeowners attempting to sell their homes in a "short sale." Under current state law, when a lender forgives mortgage debt in a short sale, the seller must pay state income tax on the amount of forgiven debt. The federal government does not charge federal income tax, and many feel neither should the state. These sellers...Continue Reading!
The Sierra Tract neighborhood in South Lake Tahoe is currently one of the hottest areas in which to buy a home. Lake Tahoe Real Estate in the Sierra Tract Neighborhood Homes in the Sierra Tract area vary from small homes and cabins to newer contemporary homes. However, most Lake Tahoe neighborhoods have this kind of mix . This is a great neighborhood for a second home as well as income property but not ideally suited for a Vacation Home income property. However,...Continue Reading!
The situation: You're ready to sell your Lake Tahoe home. The dilemma: What to set the listing price at? The solution: Look at a combination of factors: There is no easy route to figuring out how much to list your home at. There isn't a book you open and the magic number appears, but with some research and a little bit of guessing, you'll come at a price that is both good for you and for buyers. The first step is to locate...Continue Reading!
It's About Time Redevelopment Moves Forward: Big news this week for those keeping an eye on the old South Lake Tahoe redevelopment project formerly known as the Chateau. Signs that the project is finally moving forward came with the announcement that a temporary sidewalk along Highway 50 will be installed and the foundation for the retail will go in this building season (prior to October 15, 2013). Work will continue through the winter, with completion, including landscaping, coming late next summer. About a half dozen...Continue Reading!
The Elk Point neighborhood is a gated lakefront community on the south-east shores of Lake Tahoe on the Nevada side. Since this is one of the few gated communities it is very popular as well as offering old world charm mixed with the modern life. Lake Tahoe Real Estate Sales in Elk Point Since this is a quaint neighborhood, homes don't come up for sale often. So far, in 2013, there have been 3 home sales, all on the main road Lakeview Avenue. The...Continue Reading!