As I was saying in the last quarter of 2012, the Tahoe-Truckee Market has bottomed. The clear evidence of this is the strongest 1st quarter of the year that we have seen in several years. According to Chase International Realty, Median Home Prices showed the greatest increase in lakeside communities around Lake Tahoe; 34% increase over the 1st qtr. of 2012. If you combine the three major ski Continue Reading

The real estate market in Squaw Valley is off to a strong start for 2013.  Residential sales for the 1st quarter are up 50% in units sold compared to the same period in 2012.  Dollar volume is 63% higher than the 1st quarter of 2012.  The increase has been in condominium sales, up 150% in units sold and 330% in dollar volume from this time last year.  The condominium sales have been throughout the Continue Reading

51 sales since January 1st (some have closed escrow and some are currently in escrow) in this most exclusive high end gated subdivision in the Lake Tahoe – Truckee area. Of the total 663 homesites in this subdivision only 196 remain to be purchased.  Homesite prices start in the $700,000 range and go up to $3,200,000.  Custom Homes are priced from $2,925,000 to $9,888,888. Click here Continue Reading

Of the 23 spacious, luxury Penthouse condominiums at The Ritz-Carlton Residences Lake Tahoe, that were introduced last month (February), currently 6 of them and have either closed escrow or are in contract.  All of these are 4 bedroom condominiums.  That leaves only 17 left.   This Northstar mid-mountain, ski in - ski out offering is unlike anything else available in the Lake Tahoe area.  25% of Continue Reading

Distressed property listings and the lack of available financing are still having a strong effect on prices and sales activity at the Resort at Squaw Creek.  Sales have slowed down with only 11 sold in 2012, and only 1 that has closed escrow so far this year.  Even though the number of distressed property listings has reduced considerably, sellers do have to compete with bank owned and short sale Continue Reading

Financing Now Available! I have a lender who will do loans on purchases at the Village to qualified buyers. We have recently closed escrows on several financed purchases using this lender and the rates and terms are competitive. Also, the lawsuit filed by the First Ascent HOA against the developer has been settled and it appears that the suit filed by 22 Station HOA has also been resolved (we are Continue Reading

Residential Listings sold so far this year in the North Tahoe-Truckee market are 1% higher than at this time last year.  What is interesting is that January sales were 15% higher than last January and February sales are 16% lower than last February.  Here are some other interesting 2013 statistics on Residential Property sales compared to 2012; Median sales Continue Reading

"Is Mountain Real Estate Alive Again? Northstar Residences Take Off" was the headline in a February 15th article written by Craig Altschul the Editorial Director of SnoCountry.com. and posted on their web site.  In the article, Jim Telling of East West Partners, the developer, says that this winter they have already hit $16,000,000 in sales and reservations for properties in Northstar Mountainside Continue Reading

North Tahoe and Truckee real estate listing inventory is currently very low due a very active 2012 market and a large reduction in distressed listings.  Currently there are 507 Active Residential Listings in our market, a decline of approximately 37% from this time last year.  Distressed Properties (short sales and bank owned) currently are only 3% of Active Residential Listings, Continue Reading