Lake Tahoe Real Estate Newsletter for July, 2013

lake-tahoe-home-for-saleReal Estate in Lake Tahoe continues to amaze me.  We have an increasing interest from buyers who want to own a home in Lake Tahoe on both sides of the state line.  It would be great if we could find a home for everyone looking, but that’s not the case.  We have seen an increase of homes on the market but we’re still at a very low inventory of homes for sale. Many are finding a home to purchase by watching my “instant notification system” closely so they can be prepared to make an offer when a good opportunity comes up.
In order to accommodate everyone, I have added search tools for the Carson Valley towns of Minden, Gardnerville, Carson City and Reno, Nevada on my website. You can still find a 3 bedroom/2 bathroom home in these areas for under $200,000, something you can’t find in Lake Tahoe. For an investor, the Carson Valley makes sense.
There continues to be more active on the higher end market of homes for sale. In June there were 8 home sales on the Nevada side of South Lake Tahoe. The median selling price was $912,500. In fact, half of the homes sold were over $1,000,000! On the California side, we saw most sales in the price ranges under $435,000(42).
See my article below on a new feature I added to my website.  I think you’ll find it helpful in understanding all of the Lake Tahoe neighborhoods.

Current South Lake Tahoe Real Estate Figures

July 2013

July 2012

July 2011

Closed Sales

80

68

53

Median Sales Price

$297,000

$234,050

$235,000

# of Homes for Sale

363

422

693

# of New Listings

120

93

126

Lake Tahoe Neighborhoods

I continue to update our neighborhood pages and information in order to give our readers and home buyers the information they need about each area.  As mentioned last month, I created video reviews on each neighborhood and I am now highlighting neighborhoods in my weekly blogs.  This gives you better insight into the area with information and sales figures.  I’ve also added a “Lake Tahoe Buyer’s Guide” that can be viewed and printed.

You can view them in two places: neighborhood description page and neighborhood video page.
My latest neighborhood reviews:  Tahoe KeysRound Hill,  Al Tahoe and Highland Woods.
Dan’s Lake Tahoe Favorite Business for the Month of July
My favorite business for the month is Big Blue Concierge.   With 34 years of Lake Tahoe experience, they can help you with all of your Lake Tahoe needs, from home services to tips on what to do over the weekend. How does this help you?  As a 2nd homeowner, new resident, local or visitor, Big Blue Concierge will help you get to know Lake Tahoe.
Owner Paula Peterson has created a brand new free Lake Tahoe App that gives you your own “Concierge in Your Pocket.” Learn about what’s going on when you’re here, where to hike, bike, eat, enjoy history and enjoy the water. Another good benefit is a directory of businesses that may be needed by 2nd homeowners.  Available on the Apple App Store (bigbluec) or for androids at google play (big blue concierge).  Once you download, don’t forget to shake your phone once in awhile….that updates the app!
Take advantage of their concierge services of personal itineraries, booking tours, making reservations, helping with large group plans, etc.  Contact them by phone at 530-307-0909 or by email.
Dan’s Preview-Review of Tahoe Homes for SaleI am continuing to offer the “Dan’s Preview Review” service for my clients.  If you find a Tahoe home for sale that you’re interested in, contact me and I’ll provide a video review with audio narration…it will be like you’re there touring the house yourself! Many buyers are looking for a 2nd home and aren’t in town to actually view it themselves. They are finding this service quite helpful in their search for real estate in South Lake Tahoe.