Market Report

Click on the image above for the full market report on the 1st quarter!

Home sales were down around Lake Tahoe in the first quarter of 2017, with overall sales volume dipping 7 percent. The drop was mainly affected by a 13 percent decrease in the sale of homes priced under $1 million and was influenced by the severe winter the Lake Tahoe area experienced. The median home price remained steady with a 2 percent increase to $529,000.

The figures are part of a quarterly report released by Tahoe-based real estate agency Chase International. The numbers compare all MLS home sales from Jan. 1 through March 31 to the same time frame in 2016.

Homes sold for more than $1 million was down 5 percent and overall units sold was down 6 percent. Incline Village saw the biggest decreases with a 52 percent fall in volume and 24 percent decline in units sold. Homes sold for more than $1 million was down 23 percent. The median price of a home in Incline Village fell 8 percent to $870,000.

Lawrence Yun, chief economist for the National Association of Realtors, noted that February was the warmest in decades, which played a role in kick starting prospective buyer’ house hunting. The same could not be said for the Tahoe area where the region experienced near-record snowfall.

“I’m sure the series of heavy storms had an affect on people’s ability to do any serious house searching,” said Susan Lowe, corporate vice president for Chase International. “In the long run though, our winter with abundant snow will be a big positive for the region.”

Tahoe City saw a 28 percent jump in volume sold, primarily from a 14 percent rise in the median home price ($611,000). The South Shore experienced a 67 percent increase in homes sold for more than a million and the median home price was up 4 percent to $412,000. The East Shore also saw an uptick in homes sold for more than $1 million (25 percent) while homes selling for less than a million dropped 31 percent. The median price of a home on the East Shore rose 26 percent to $965,000.

Lake Tahoe’s numbers are essentially in line with regional trends. NAR reported that existing home sales in the West decreased 3.1 percent in February. The median price of home was up 9.6 percent from February 2016.

The sale of condos around the lake fared much better with significant increases in volume sold. Units sold for more than $500,000 was up 80 percent and the median price jumped 17 percent to $375,000.

Sales were down across the board in Truckee, with record-breaking snowfall and severe winter storms hampering buyers’ searches. Volume and units sold were both down, 29 and 18 percent, respectively, while median home price rose 7 percent to $709,000.

2017 Lake Tahoe/Truckee Region Winter Season Fun Facts!

2017 Lake Tahoe/Truckee Region Winter Season Fun Facts!

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This year we broke a 95 year old record! This record is for the most rainfall in one year. Our area has recorded 89.7 inches for the year which breaks the record from 1982-83 season of 88.5 inches!

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Lake Tahoe water level is projected to record the largest single-year rise in history! Once the snow melts, the water level is expected to rise 6 1/2 feet to its legal limit of 6,229.1 feet above sea level. The record from 1995 was a 6 foot rise in water level. Current lake elevation = 6,220 + Current gage height. USGS Current Levels

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Squaw Valley also set a record in January 2017 for the most snow in one month. A grand total of 282” of snow which is over 400% of its average for January snowfall. March 2011 was the record surpassed, the one month total of 202”.

acms

Mixed feelings about the Truckee Tahoe Unified School District having to cancelled school 12 days this year due to snow! The students and faculty had 10 snow days in January! TTUSD’s snow day record dates back to the 80’s for having the most cancelled school days due to snow in one year.

snow removal

A report from the Central Sierra Snow Lab on Donner Summit said that it received 100% of its annual average precipitation total on January 18, 2017. The CSS Lab precipitation tracking season runs from Oct. 1st to Sept. 30th most years. Being only 110 days into the year, the Snow Lab reached its annual average.

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Now on to Summer!

2015 1stQuarter STATS_TRK 2015 1stQuarter STATS_TD 2015 1stQuarter STATS_TC 2015 1stQuarter STATS_SLT 2015 1stQuarter STATS_IV 2015 1stQuarter STATS_ES 2015 1stQ_STATS LT_TOTALS 2015 1stQ_STATS SQV Resorts_TOTALS 2015 1st Quarter STATS RNO_TOTALS

Chase ‘N Around Lake Tahoe February 2015

Chase ‘N Around Lake Tahoe
February 2015

Photo by: Julie Wight
THE MONTH OF LOVE…
WOW, January flew by in a blink of an eye! Here in the Lake Tahoe region we rely on the weather gods to bring us rain in the fall and snow in the winter. Well, we haven’t received much of either but are optimistic that this month will be the one! The one to remember.  In the meantime, be and do what you LOVE!

MARKET UPDATE & INTERESTING ARTICLES:

Tahoe Home Prices Continued to Rise in 2014 More Growth Expected in 2015

Lake Tahoe real estate continued to climb last year, as median and average home prices increased seven and four percent (respectively), throughout 2014.Sue Lowe, corporate vice president for Chase International, attributes the decline in sales to availability, that there are simply fewer homes available for buyers re-entering the market. “We like slow and steady improvement,” Lowe said. “It’s a sign of a stable and healthy market. Sales will catch up and further increase home values.”

Read the Full Article

 5 Cities Poised To Be The Next Silicon Valley Tech Hub

 Los Altos, CA, in the heart of Silicon Valley, had become the most expensive market in the U.S. with a median sale price of $2.3 million. This has also spiked rental costs, which commonly exceed $2,000 per month for a one-bedroom.  Which Cities are on the List?

FEATURED PROPERTYCALIFORNIA


An Estate to Estivate

A sanctuary in the trees! This estate w/ 3 beautiful acres, a 5000+ sq. ft. home, a sport court, and just enough of a peak of Lake Tahoe to remind you what lies beyond. Ground level holds an in-law suite with small kitchen area and own access, wine room, and storage. 2nd floor is where you will find a spacious great room w/ full bath; 2 guestrooms w/ shared bath, and laundry. The top floor holds an expansive open concept kitchen, dining, master and living room w/ access to deck and views! Offered at $2,500,000

FEATURED PROPERTY – NEVADA

507 Driver, Incline Village
507 Driver, Incline Village
Get in the Driver’s Seat

Location, acreage, style. Prestigious east slope with south and west panoramic lake view. 2+ acre lot. Easy all year access. Magnificent F.L.Wright like with timeless design: old world craftsmanship, in-laid floors, use of extensive rough granite, contemporary kitchen motif, junior master on living level, mammoth master bedroom with sitting area and two baths, extensive decking for outside entertaining. Offered at $3,895,000

TOP PICKS – WHAT TO DO

Feb 14th – Saturday

Valentine’s at High Camp

Spend Valentine’s Day with your special someone at Squaw Valley’s Terrace Restaurant. Take a spectacular
Aerial Tram ride to 8,200′ and enjoy and exquisite course prefixed menu that welcomes both couples and families alike. Squaw.com

February 21 & 22
The Rahlves’ Banzai Tour is racing in it’s purest form. Big mountain freeride meets ski / boarder-cross action! Taking place at three Lake Tahoe, CA resorts it’s head to head action four at a time, top to bottom, down a wide open course over natural terrain and snow conditions. Rhalves Bonzai Tour – Alpine Meadows

February 26th – March 8th

Pray, think, dance for snow this season and we’ll have a white-out winter for SnowFest! All the snow-reliant events will be in full-effect: The Naughty Dawg Pull, Whacky Human Bowling, Snow Sculpting, etc. Come and joint the winter white fun for this year’s SnowFest!
SnowFest Events Calendar

 

It’s time to fall in love.

Chase International is renown for our heart-centered approach to building relationships and dreams.  A large part of our success is in matchmaking; finding the right person to love your home and finding a home that you will fall in love with.

Give me a call so I can help you find that warm and cozy place for your next romantic dinner. Until then, take your sweetheart to one of our favorite restaurants around the lake.

 

 

 

STAY INFORMED

SquawAlpineGet the latest lift status, weather conditions, lodging deals, events and more at Squaw Valley/Alpine Meadows by signing up for the Tahoe Ski & Ride Report. Plus, you’ll be entered in the weekly drawing to win 2 Adult lift tickets!

SquawAlpine.com *bottom right hand corner

 

A select group of Tesla Model S drivers have a new option for recharging on the long road from San Francisco to Los Angeles – battery swapping. Off the I5, drivers can pull in and let an automated system pluck out their car’s battery pack and replace it with one that’s fully charged. The whole process takes 3 minutes. Read More

* Chase International will have Tesla charging stations at our offices!  Coming Soon!

Mayfair International Realty

From Our London Office….

A London Eye on the Market
 

Nick Churton of Chase International’s UK office in London takes a look at the year ahead in the international real estate market and finds a great deal to be optimistic about. This is a great time to take stock, look at the months ahead and keep a weather eye on international indicators. Like never before the health of local real estate markets – especially in the luxury sector – is linked to the health of the global real estate community as a whole.   Read More 

 

 

 

 

 

 

 

 

Trinkie Watson, CIPS CLHMS

Regional Lake Tahoe Broker

530 582 0722  800 783 0722

BRE# CA 00326518  NV  001022  

 

“A Boutique Broker with Premiere Properties for Discerning Buyers”

www.TrinkieWatson.com
Selling Lake Tahoe Luxury for Over 30 Years!

Call me for an update on the Lake Tahoe regional market for yourself or your clients!

RECENT SOLD PROPERTIES

4784 N Lake Blvd

    4784 N Lake Blvd                           4000 W Lake #21                  11550 Bottcher Loop
         $2,201,000                                     $2,275,000                              $1,200,000

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This was a presentation presented by EDAWN (Economic Development Authority of Western Nevada) at the Manufacturing in Nevada Trade Show regarding the Tesla Impact.

Chase ‘N Around Lake Tahoe February 2014

 

 
Chase ‘N Around Lake Tahoe
February 2014
 

In This Issue
 

Area Real Estate Market Statistics

Real Estate Articles and Information 

Luxury California Property  

Luxury Nevada Property  

Martis Camp Luxury Estates  

Lake Tahoe & Truckee Events

Philanthropy, The Arts, More 

Mortgage Rates Projected to Rise as Tapering Continues

   
It is projected that if the Fed continues to cut back on bond purchases that long term mortgage rates would start to climb. Many experts felt that Janet Yellen, who replaced Ben Bernanke as Fed Chair, was going to be less inclined to continue tapering bond purchases at the level established.

California Housing is looking up! 

  Housing affordability finally cools, investors loosen grip

Six years after the financial crisis and California is still feeling the leftover ripple effects of loose lending standards and an overabundance of foreclosed homes. But things are looking up. Looking at recent report headlines, California still has a few gems to give it hope going forward. Here are 3 signs…


Featured Luxury Property
 

Prestigious Fleur du Lac Estates
Prestigious Fleur Du Lac #5, 4000 W Lake Blvd, Homewood, CA 96141
4000 W Lake Blvd #5West Shore Lake Tahoe

An opportunity that rarely comes along! Fleur Du Lac, a prestigious gated community located on 15 beautiful acres alongside crystal blue Lake Tahoe, enjoys superb amenities; yacht club, marina w/slips, gorgeous clubhouse, pool, tennis courts, fitness center and onsite manager and security. Only 22 homes have the distinctive privilege to enjoy all Fleur Du Lac has to offer. This unique townhome is an elegant blend of reclaimed barnwood, stonework & custom touches. Truly the finest of living on water’s edge. Offered at $3,500,000
 


Featured Luxury Nevada

Crystal Bay, Nevada
Spatially efficient lakefront estate, located in a wind-protected cove in Crystal Bay. A deep-water pier (shared), boat lift and 2 buoys for easy lake enjoyment. 5 bedrooms, 6.5 baths and an elevator too! Offered at $10,995,000

Martis Camp - Tahoe Perfected
Martis Camp – Tahoe Perfected
With only 22 properties on the market at Martis Camp, now is the time to invest in Tahoe’s most saught after community. Renowned home builders created an extraordinary array of luxury custom homes that fully embrace the Tahoe lifestyle…cabins to grand estates.
T

 34th Annual Snowfest!

February 28th ~ March 9th

SnowFest is ten days of fun-filled activities from February 28th to March 9th. The events are for all ages and interests. There will be snow related events, and non-snow related events, including wining and dining, races, parades theater and concerts.
  

1st Winter Edition Alpenglow Mountain Festival
happening through March 2, 2014.

The festival, which is presented by Nature’s Bakery, is a celebration of human-powered events, clinics, presentations, film and more. For beginning and intermediate winter recreation enthusiasts and will showcase nordic skiing, backcountry skiing, snowshoeing and natural history events.

Lake Tahoe’s most popular racing series – the Rahlves’ Banzai Tour – is back, with ski and snowboard racing in its purest form.
The 2014 Rahlves’ Banzai Tour,  through March 16. The ski venues will be Squaw Valley, Alpine Meadows and Finals and Super Finals at Sugar Bowl Resort on March 15-16.
 

Annual Celebrity Hound Hobnob at Gallery Keoki Village at Squaw Valley  

February 22, 2014

Meet Wiley, Smoke, Boon, Murphy, Boomer and the National Ski Patrol Avalanche Rescue Team. A fundraiser for the 100% donation funded Squaw Valley and Alpine Meadows Avalance Search and Rescue dogs. Show your support for these amazing pups!

 

 

 

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Trinkie Watson_email

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Trinkie Watson, CIPS CLHMS

Regional Lake Tahoe Broker

530 582 0722  800 783 0722

BRE# CA 00326518  NV  001022  

 

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www.TrinkieWatson.com

 

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Tahoe Sierra Stories

 

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Stay Connected

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Chase ‘N Around Lake Tahoe January 2014

 
Chase ‘N Around Lake Tahoe
January 2014
 

In This Issue
 

Area Real Estate Market Statistics

Real Estate Articles and Information 

Luxury California Property For Sale

Luxury Nevada Property For Sale

Recent Sold Property Ca or Nv 

Tahoe/Truckee, Incline Village Nv. Events

Property and Neighborhood  Videos 

Downtown Truckee “Railyard” Project…500+ New Homes

   
Big Bay Area developers have big plans. One of them is to transform the old rail yard downtown into hundreds of upscale residences. John McLaughlin, community development director for the town of Truckee, told us it will be “something that would be more urban, but really appropriate in downtown Truckee. Over 500 residences are proposed. We can easily handle it in this area.” Along with the 500-plus condos and homes…a theatre, supermarket and retail stores. McLaughlin said there will also be “some light industrial with some civic space…a museum and some open spaces.”
By John Potter 2 News

US real estate market recovery to continue, but more slowly in 2014

 

A continued recovery in the US residential real estate market is widely forecast for 2014, albeit more slowly than in 2013. Most analysts agree home prices will continue to rise, but a slower, steadier pace. Compared with double digit price increases nationwide during 2013, most forecasts for 2014 are for national price increases ranging from 3% to 5%.

Truckee Income Complex  

12-Unit townhouse style complex in a central location within walking distance to restaurants, parks and recreation, plus retail businesses. Each unit offers 2 bedrooms and 1 full bath upstairs and 1/2 bath, kitchen and living area downstairs.  Laundry room with coin operated machines.  
Offered for $1,200,000


Featured Luxury Property

Premiere Price Per Square Foot!
 


Split Lakefront property on Lake Tahoe’s West Shore. Close to Homewood and use of McKinney Shores pier and beach. Permitted private buoy, grass lawn with tree screening and elevated sunny deck add to the amenities of owning this home. All that is needed is your personal touch and enjoyment! Price Just Reduced now offered at

  

$1,495,000 

 


Featured Luxury Nevada

Fairway, Incline Village

Located on over an acre, with sweeping views of Lake Tahoe. Enjoy the best combination of modern-mountain design and stunning scenery in a private, yet spacious location. Offered at $3,850,000

 

Featured SOLD Property


Turn Key in Glenshire, Truckee 

   

Easy location near I-80 for Reno and 7 min from Downtown Truckee. This charming home offers 3 bedrooms and 3 bathrooms plus a 2 car garage. Sold for $400,000 

    

 Tour the 2014 HGTV® Dream Home at Schaffer’s Mill 

Thru’ February 14th

Tours of the 2014 HGTV Dream Home at Schaffer’s Mill will be  every Thursday-Sunday from 10am to 4pm through February 16th. Tickets to tour the home are $20 each and available online

The 2nd Annual Carve Tahoe 

Each team will carve an original snow sculpture out of a 10-foot-by-10-foot-by-12-foot block of compacted man-made snow.The best days to view the sculptures are
Thursday, Jan. 30, Friday, Jan. 31, Saturday, Feb. 1

More Information on the Event 

Lake Tahoe’s most popular racing series – the Rahlves’ Banzai Tour – is back, with ski and snowboard racing in its purest form.

The 2014 Rahlves’ Banzai Tour, presented by Bank of the West, will span four weekends at Lake Tahoe resorts – Feb. 8 through March 16. The ski venues will be Kirkwood Mountain Resort, Squaw Valley, Alpine Meadows and the Finals and Super Finals at Sugar Bowl Resort on March 15-16.

More Info on the Tour and Dates Here

 

Ski Resorts are Open despite the
lack of “Real” Snow!

Click here for snow and base totals for our Tahoe Ski Resorts

VIDEOS

Fleur du Lac Estates

Prestigious Fleur du Lac Estates on Lake Tahoe’s West Shore, Ca 4000 W Lake Blvd #21 Offered at $2,995,000

   mail

Trinkie Watson_email

     Trinkie’s bio

 

Trinkie Watson, CIPS CLHMS

Regional Lake Tahoe Broker

530 582 0722  800 783 0722

BRE# CA 00326518  NV  001022  

 

 image004

www.TrinkieWatson.com

 

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Tahoe Sierra Stories

 

image004     leading RE logo

 

Stay Connected

Like me on Facebook   Follow me on Twitter   View my profile on LinkedIn   Find me on Pinterest

 

2014 Rahlves’ Banzai Tour Dates Announced

2014 Rahlves’ Banzai Tour Dates Announced

Lake Tahoe’s most popular racing series – the Rahlves’ Banzai Tour – is back, with ski and snowboard racing in its purest form.

The 2014 Rahlves’ Banzai Tour, presented by Bank of the West, will span four weekends at Lake Tahoe resorts – Feb. 8 through March 16. The ski venues will be Kirkwood Mountain Resort, Squaw Valley, Alpine Meadows and the Finals and Super Finals at Sugar Bowl Resort on March 15-16.

The race founder and still a dynamic skier is former World Champion, X-Games Champ, four-time Olympian, Daron Rahlves, a Sugar Bowl Resort Ambassador and Super Final competitor.

“There is no other race like this in the world,” Rahlves said. “What’s so unique about the Banzai is that every-day rippers line up against pro-level athletes to find out what they’re made of, battle for Rahlves’ Banzai titles and an $80,000 purse. When the gate drops, it’s on as four competitors go head-to-head in a top to bottom race over natural terrain”.

Feb. 8-9: Kirkwood Mountain Resort
Feb. 15-16: Squaw Valley
March 8-9: Alpine Meadows
March 15-16: Sugar Bowl Resort

The 2013 Banzai tour was filled with as many highlights as the challenging Banzai races. The tour kicked off with an amazing start dropping into the Wall at Kirkwood, followed by a Men’s Ski Final win by inches at Alpine Meadows.

The Squaw Valleytour stop tested the Banzai spirit when the Sunday finals were eliminated by weather, but rebounded strong with new snow and bluebird conditions at Sugar Bowl, culminating in a spirited weekend of competition on a technically challenging course.

Chelone “Chilly” Miller from Franconia, NH won the Overall Men’s Snowboard title as spectators witnessed his “live free and send it” approach that produced an exciting wrap up to his notorious come from behind wins on the 2013 tour.

Miller, a competitive snowboarder known for his progressive style, was found dead in his van from a seizure in April 2013, the cause thought to be long-term damage from a motorcycle accident in 2005 that had left him in a coma for 11 days. Chilly, the younger brother of Olympic Gold Medalist Bode Miller, had hopes of making the Olympic team, with a recent fourth place finish at the 2013 Spring U.S. Snowboarding Grand Prix at Canyons, Utah, and an overall victory in the Rahlves Banzai Tour.

This year Rahlves has chosen to honor the competitive spirit of Miller by introducing the “Live Free and Send It” award.

“The award will go to the competitor who embodies the free-spirit, skill and love of competition Chilly brought to the Banzai. It will be a yearly tribute passed on at the finals of the RBT,” Rahlves said.

This year’s tour promises to be one of the most exciting thus far. 2013 Overall Champs Johnny Bochenek, Shannon Rahlves, Casey Lucas and $5,000 Super Final winner Kyle Coxon will have tough competition in defending their titles.

It’s quite a mixture of skiers and riders of all levels, including every-day rippers representing their home resorts, to skiers/boarders of all levels coming out for a fun and competitive experience, to competitors making a name for themselves on other tours in racing, ski cross and big mountain.

New addition for 2014 are tour sponsors GoPro and Alaska Airlines along with adding a Men’s Snowboard Super Final with Nate Holland for same Super Final as Men’s Ski of a winner takes all $5,000 purse. Holland is a seven-time X-Games Champ and U.S. Olympic Snowboarder, who signed on as Rahlves’ Banzai Tour Snowboard Ambassador.

GoPro capturing all the action and Alaska Airlines awarding four round-trip flights to any Alaska Airlines destination to each of the four overall Tour winners. They will also offer the “Alaska Airlines Long Flight Award” of $100 Alaska Airlines bucks for best air during the Sunday finals at each Tour stop.

Rahlves’ Banzai Tour Presented by Bank of the West is proud to be associated with Kirkwood Mountain Resort, Squaw Valley, Alpine Meadows, Sugar Bowl Resort, Red Bull, Sierra Nevada Brewing Co., CEP Compression, Wend Wax, Lake Tahoe North, TahoeCenter for Orthopedics, Jagermeister and our newest partners Alaska Airlines and GoPro.

The 2014 Tour will once again be broadcast live on Truckee and Lake Tahoe’s own radio 101.5 FM, which has also partnered with Alaska Airlines to send two winners with round-trip airfare to Cordova as part of station’s annual Points North Heli Ski Giveaway.

If you’re wondering about the tour’s name, Banzai is a Japanese term expressed as an exuberant cheer meaning, “Long Life!” or “Hurray!”

An apt name for a high-spirited downhill ski and snowboard competition, the Silver Belt Race first took place in the 1940s at Sugar Bowl ski resort, ran strong through the 1970s, and was re-introduced with the head-to-head action by Daron Rahlves and Sugar Bowl in 2009.

The race continued with one event for another year, and then Rahlves decided to take the show on the road, officially launching Rahlves’ Banzai Tour and expanding to stops at four of Lake Tahoe’s premier resorts, finishing the tour where it all began at Sugar Bowl.

Tour the 2014 HGTV® Dream Home at Schaffer's Mill & Enter to Win.

More Information:

Tours are every Thursday thru’ Sunday from 10am to 4pm. For more information or to book a tour online visit: www.schaffersmilldreamhome.com/schaffersmill_hgtv/

To enter the Sweepstakes, visit: http://www.hgtv.com/dream-home/hgtv-dream-home-2014-giveaway-enter/index.html

Tour the 2014 HGTV® Dream Home at Schaffer’s Mill. Enter to Win at HGTV.com

Thru’ February 14th

Tours of the beautiful 2014 HGTV Dream Home at Schaffer’s Mill will begin Thursday, January 9th and continue every Thursday-Sunday from 10am to 4pm through February 16th. Tickets to tour the home are $20 each and available online at:
http://www.schaffersmilldreamhome.com/schaffersmill_hgtv/
All proceeds from tour ticket sales will benefit the Tahoe Forest Health System Foundation.

Schaffer’s Mill, a 475-acre, 400-homesite gated community and private club located just east of Truckee, was chosen by HGTV as the location for the 2014 HGTV Dream Home this past summer. HGTV built and decorated the beautiful 3,200-plus square foot cabin at Schaffer’s Mill. The Dream Home will be revealed on HGTV on Wednesday, January 1st during a one-hour show. The network will then give the home away to one lucky winner through its 2014 HGTV Dream Home Giveaway.

“I recently toured the Dream Home and it is amazing,” said John Marlin, Managing Partner for Schaffer’s Mill. “If you have an opportunity to tour the home, I highly recommend it. Not only, is the architecture and decorating incredible, but the proceeds from tour ticket sales benefit a local Tahoe/Truckee charity — the Tahoe Forest Health System Foundation.”

The HGTV Dream Home was designed by Truckee-based Ward-Young Architects and was built by Tanamera Builders. Blending traditional and contemporary forms, the home is designed with two wings: a living wing and a bedroom wing with large expanses of glass and sliding door systems to create transparent and direct connection between indoors and outdoors. Past locations for the HGTV Dream Home include Kiawah Island, South Carolina in 2013, Park City, Utah in 2012, Stowe, Vermont in 2011 and Sandia Park, New Mexico in 2010. The 2013 HGTV Dream Home Giveaway drew over 77 million entries, with the grand prize of a Kiawah Island HGTV Dream Home, a brand-new GMC Acadia Denali and $500,000 cash. The Schaffer’s Mill community features home sites from the $200’s, Mountain Lodges from the $900’s and estate homes and luxury cabins from $1.2 million. Open since 2008 and named after the “Father of Truckee,” George Schaffer, Schaffer’s Mill pays homage to Mr. Schaffer, his ideals and vision.

Schaffer’s Mill is a private Golf and Lake Club. Memberships are available to those living inside or outside of the community. A Schaffer’s Mill Golf & Lake Club membership includes:

– Access to the award winning John Harbottle and Johnny Miller golf course
– Use of the North Village Clubhouse with fine dining, private locker rooms, resort-style pool and an expansive fitness facility
– Use of the 48-foot club yacht on Lake Tahoe
– A private Lake Club at Jake’s on the Lake
– Wintertime fun with Schaffer’s Mill Base Camp at Northstar providing ski-in/ski-out convenience
– Private club shuttle

New Martis Partners acquired the former Timilick property in January 2011 and immediately set about to rebrand and reposition the community. New Martis Partners is a Dallas-based real estate development firm specializing in the creation of beautiful, family-oriented communities. The firm’s multi-disciplined leaders have more than 75 years of experience behind their vision to create communities with lasting value.

About Tahoe Forest Health System Foundation

Tahoe Forest Health System Foundation is the philanthropic incubator for innovative and creative advancement of Tahoe Forest Health System. Funds from ticket sales will support the Wellness Neighborhood programs and their mission to fund community initiatives. The Wellness Neighborhood programs reflect their partnerships with community based organizations. Their goals are to increase access to health care services, strengthen our ability to focus on important health care issues, and to optimize our community’s health.

US real estate market recovery to continue, but more slowly in 2014

 

A continued recovery in the US residential real estate market is widely forecast for 2014, albeit more slowly than in 2013. Most analysts agree home prices will continue to rise, but a slower, steadier pace. Compared with double digit price increases nationwide during 2013, most forecasts for 2014 are for national price increases ranging from 3% to 5%.

This is all good news for the US housing market. Many homeowners who were “under water” (the value of their home was less than the cost of their mortgage), are now in a position to sell. CoreLogic reports that nearly 3.5 million US homeowners moved out from under negative equity between the end of 2012 and mid-2013.

The timing is good as the Conference Board, a nonprofit a global, independent research association reports that US consumer confidence rebounded in December and the percentage of consumers who intend to buy a home in the next six months is the highest since 2000.

In a related projection, Moody’s Analytics expects the economy to expand enough in 2014 to enable young people to begin moving out of their parents’ home. This will give a boost to the rental market initially, but Moody’s predicts low vacancy rates and higher rents will prompt some renters to move on to homeownership.

The US commercial market recovery is also projected to gain momentum in 2014. Unlike the housing market, commercial recovery to date has been much slower than is typical following a recession. US GDP growth, while projected to be moderate, should be enough to stimulate demand for commercial space, particularly in light of little new supply coming onto the market in recent years.

In its Emerging Trends in Real Estate 2014 report, the Urban Land Institute forecasts the predicted growth will be in secondary markets, driven by investors looking for returns as opportunities in primary markets become harder to find and the best assets become more expensive. A similar scenario is forecast in Germany.

Investors in the US market who have traditionally looked to Boston, Chicago, New York City, Washington, DC, and San Francisco will expand their focuses. This trend is likely to build substantial momentum in 2014, says ULI, given the steady pace of improvement in market fundamentals in these secondary markets and also with more market investments meeting investors’ risk and return metrics.

ICREA

Downtown Truckee’s “Railyard” Project: 500+ New Homes

Downtown Truckee’s “Railyard” Project: 500+ New Homes

15 years after the town of Truckee, California came out with a new General Plan, a new vision is taking shape in one of our area’s most historic downtowns. Standing in front of a newly rehabbed train depot, Truckee Donner Chamber president Lynn Saunders feels so close to reaching her dream of a revival in her town, she can already see it. This longtime Truckee cheerleader envisions a new crowd, coming to a dramatically different town. As she told us, “Every new product brings more opportunities for people to enjoy here.”

And what a new product…a gargantuan (for Truckee) downtown makeover, erasing one of the last remnants of the town’s logging days. With the “Truckee Railyard” project, the days of being a tiny storybook town are coming to an end. Big Bay Area developers have big plans. One of them is to transform the old rail yard downtown into hundreds of upscale residences.

John McLaughlin, community development director for the town of Truckee, told us it will be “something that would be more urban, but really appropriate in downtown Truckee. Over 500 residences are proposed. We can easily handle it in this area.” Along with the 500-plus condos and homes…a theatre, supermarket and retail stores. McLaughlin said there will also be “some light industrial with some civic space…a museum and some open spaces.”

The project is already a done deal. Already approved by residents, the Master Plan passed in 2009. The Railyard Project’s first building has already been built…the others will look just like it. The developer is the same one who built the Pacific Cannery Lofts in Oakland, and the Clocktower building in San Francisco.

In Truckee, smaller changes have already, literally, “paved” the way. You will notice the wider sidewalks and more urban park areas up and down the main drag. McLaughlin showed us all the new areas for “outdoor dining, outdoor seating…great spots for people to just hang out.”

Lynn Saunders says despite the project’s size, she’s convinced that Truckee’s unique character will live on. As she told us, “It still retains that kind of funky, hip cool vibe to it. We’re keeping the historic value too, absolutely.”

-written by John Potter

You can see the plans yourself for the Truckee Railyard development below…just click the link:

http://truckeerailyard.com/

Chase ‘N Around Lake Tahoe December 2013

 
Chase ‘N Around Lake Tahoe
December 2013
 

In This Issue
 

Area Real Estate Market Statistics

Real Estate Articles and Information 

Luxury California Property For Sale

Luxury Nevada Property For Sale

Recent Sold Property Ca or Nv 

Tahoe/Truckee, Incline Village Nv. Events

Property and Neighborhood  Videos 

The Market has received a boost from all cash buyers…

lighted-jacuzzi.jpg
The number of people who bought existing U.S. homes in November declined for the third straight month. Higher mortgage rates have made home-buying more expensive, while the lingering effect of the October government shutdown might have deterred some sales. Still, the Realtors’ group predicts that total sales this year will be 5.1 million. That would be the strongest since 2007, when the housing bubble burst. But it’s still below the 5.5 million generally associated with healthy housing markets.

Read More Here

Tahoe Sales Surge: duplex penthouse sells for $5 million


   

In another sign of a resurgent high-end real estate market around Lake Tahoe, a $5 million duplex penthouse at The Ritz-Carlton Residences, Lake Tahoe, has been sold to an unnamed buyer.

The sale of the 3,407-square-foot penthouse – featuring four bedrooms, three and a half bathrooms, a theater and spectacular views of Northstar Mountain and the surrounding area from an altitude of about 7,000 feet

By Mark Glover Sac Bee

Hollywood’s Ski Getaways:
Luxe Real Estate in Peak Markets Aspen Co and Tahoe Ca and Nv

 

Don Henley’s former estate is part of a $27.5 million spread in Colorado, while Larry Ellison’s massive compound takes shape in Nevada and California — with nary a bear rug in site.

Modern design is going straight to the top of some of the country’s hottest ski resort towns, where right-angled contemporary homes — with plenty of out-there amenities — are keeping company with traditional-style cabins.

The Sun N Sand Motel  

Rare commercial opportunity. Create your legacy with this Lakefront motel on the North Shore of Lake Tahoe. 75′ of sandy beach and lake frontage. Panoramic lake views with 26 rooms and a management suite.  
Offered for $3,500,000


Featured Luxury Property

Prestigious Fleur du Lac Estates
 


Privacy yet steps from fabulous clubhouse, yacht club, your own protected boat slip, tennis court, pool, gym, bocce court! Level property of 22 spacious and gated condominiums with on-site security/office. Private patio with BBQ, large great room with living area, pool table, dining area, kitchen; separate bar room; wood burning fireplace & gas fireplaces. Bring your sports equipment, ride bikes out the gate. Take your boat to lunch at west and north shore restaurants; have a picnic in Emerald Bay. Concierge services at your phone call. Lovely landscaping, updated clubhouse with owner cabinets, beautiful catering kitchen (original historic building on property). Property’s claim to fame is film location for parts of Godfather II

 


Featured Luxury Nevada

Summertide, Crystal Bay

Once owned by billionaire Howard Hughes, Summertime, his Crystal Bay, Nev., estate, has only been owned by one other owner since Hughes. The 2,518-square-foot main house has five bedrooms and four bathrooms , while a 1,343-square-foot guesthouse offers extra living space for visitors.

 

Featured SOLD Property


A True “Tahoe” Cabin, Carnelian Bay Ca 

  

3 bedrooms, 2 baths, lake view deck, buoy and shared pier with lift.      Sold for $2,487,500

    

Holidays in Tahoe

Dec 21st kicks of the Winter Season!

Here are events into the New Year 2014!

 

VIDEOS

7170 N Lake Blvd Lakefront Ski Lodge in Tahoe Vista Ca North Shore Lake Tahoe Trinkie Watson

7170 N Lake Blvd Lakefront Ski Lodge in Tahoe Vista North Shore Lake Tahoe CA

 

 

 

Trinkie Watson, CIPS CLHMS

Luxury Lake Tahoe Broker

530 582 0722  800 783 0722

CA #00326518   NV #001022  
TrinkieWatson.com 

Stay Connected

Like me on Facebook   Follow me on Twitter   View my profile on LinkedIn   Find me on Pinterest

This Information Deemed Reliable But Not Guaranteed. Please, Do Not Consider This A Solicitation.

Copyright © 2013. All Rights Reserved.

Tahoe sales surge: duplex penthouse goes for $5 million

Tahoe sales surge: duplex penthouse goes for $5 million

 

 

Published: Thursday, Dec. 12, 2013 – 11:38 am
Last Modified: Thursday, Dec. 12, 2013 – 11:53 am

 

 

In another sign of a resurgent high-end real estate market around Lake Tahoe, a $5 million duplex penthouse at The Ritz-Carlton Residences, Lake Tahoe, has been sold to an unnamed buyer.

The sale of the 3,407-square-foot penthouse – featuring four bedrooms, three and a half bathrooms, a theater and spectacular views of Northstar Mountain and the surrounding area from an altitude of about 7,000 feet – was announced by the Beverly Hills-based international real estate investment and services company Kennedy Wilson.

The $5 million sale follows two other recent transactions at the site. The Residences are comprised of 23 luxury penthouses that became available for purchase in mid-February 2013. Fourteen homes remain on the market.

“We are delighted to have reached this sales benchmark as we kick off The Residences’ inaugural winter season,” said Stuart Cramer, president of Kennedy Wilson’s Residential Investment Group. “The strong sales affirm the enthusiasm we are seeing among buyers to acquire luxury vacation homes that provide the iconic services of The Ritz-Carlton and an elevated outdoor lifestyle set amid the stunning beauty of the Lake Tahoe region.”

According to Chase International, 2013 has seen a 60 percent year-over-year rise in home sales in the Lake Tahoe region.

The perks of ownership at The Ritz-Carlton Residences, Lake Tahoe, include special ski areas/services, concierge service, valet parking, private-entry corridor/elevator and priority access to a spa, lounges and the Manzanita Restaurant.

Read more here: http://www.sacbee.com/2013/12/12/5995540/tahoe-sales-surge-duplex-penthouse.html#storylink=cpy

Chase ‘N Around Lake Tahoe November Monthly E-Newsletter

 
Chase ‘N Around Lake Tahoe
November 2013
 

In This Issue
 

Area Real Estate Market Statistics

Real Estate Articles and Information 

Luxury California Property For Sale

Luxury Nevada Property For Sale

Recent Sold Property Ca or Nv 

Tahoe/Truckee, Incline Village Nv. Events

Property and Neighborhood  Videos 

California Housing Market Is Expected to Be Up in 2014
With the value of discounted properties continue to appreciate, investors are paring their purchases of distressed homes as their profit margin narrows.  As investors take a step back, inventory will likely improve slightly in the upcoming year.  Meanwhile, the increase in home prices will also encourage more homeowners to put their houses up for sale. The housing supply will grow and should gradually climb back from under three months in 2013 to about four months in 2014.

Read More Here

5 Reasons to Sell before Spring


  Many sellers feel that the spring is the best time to place their home on the market as buyer demand increases at that time of year. However, the fall and winter have their own advantages. Here are five reasons to sell now. 
By KCM blog


Million Dollar Housing Markets

Home sales of $5 million or more are common in these wealthy zip codes across the United States. Surprisingly enough Lake Tahoe zip codes did not make the list

River Ranch is For Sale!

One of Lake Tahoe’s older properties is up for sale for the first time in more than 40 years. The River Ranch hotel and restaurant/bar located on the Truckee River at the base of Alpine Meadows Road! The two-acre property encompasses a 19-room lodge, restaurant and bar with a total of 12,500 square feet.

The asking price is $5 million.


Featured Luxury Property

Just Reduced! Panoramic Lake Views in Carnelian Bay Lake Tahoe
 


Fabulous panoramic Lake Tahoe views from the private deck and expansive windows. Having an abundance of natural light, this home is warm and inviting. Designed for large or small gatherings, offering the main living area, master suite & additional bedroom at street level. An additional 3 bedrooms; en suite on lower level. A remodeled kitchen, enormous workshop and additional unfinished room add to the versitile use of this property. Centrally located in Carnelian Bay just minutes from Tahoe City and Kings Beach. 


Featured Luxury Nevada

Elusive Elements Meet    

Located on almost 3/4 of an acre, with lake views, privacy, and the 6th green of the Incline Village championship golf course in your backyard. Elegant luxury living amongst 5900 sq ft. with custom stone and woodwork throughout. Amenities include Hydronic heating, sauna, 3 decks, 3 fireplaces and a seasonal creek.  Room to grow with 6 bedrooms, 6 baths and a 5 car garage.

 

Featured SOLD Property


Tahoe Donner, Close to X-Country 

   

 

3 bedrooms, 2 baths, bonus room, 2 car garage

Sold for $490,000

 

   

Thanksgiving Feast!
Tahoe Donner
Join us from 2-7:30 p.m. on Thursday, Nov. 28, for our special Thanksgiving holiday meal tahoedonner.com

Northstar California
3:00 – 8:00 p.m. Come enjoy a bountiful Thanksgiving Day Buffet at Tavern 6330′

11:00 am – 5:30 pm Gather with family and friends and create new holiday memories over Thanksgiving Dinner.

Tahoe City
3pm-8pm Enjoy sweeping views of Tahoe and leave the cooking and cleaning to Jake’s at the Lake & Chef Yorkey

 

November 30th

Light up the Night at Tahoe Donner


Santa and holiday activities at the annual Tahoe Donner Light Up the Night event

tahoedonner.com

December 5th & 6th



Noel Nights at Northstar California

Noel Nights taking place the first 3 Thursdays of December from 5:00 – 8:00 p.m. The Village at Northstar will be festive winter wonderland with a decorated 35-foot tree, ice skating until 9 p.m., fire pits to warm you, holiday carolers, shopping deals, and much more!

northstarcalifornia.com


Please join Santa and Mrs. Claus for the annual Holiday Tree Lighting Ceremony. Enjoy a cookie swap, photos with Santa, complimentary soup and cocoa, arts and crafts stations and Friends of Kings Beach Library book sale!

Opening Day!  Are you ready?!

Mammoth Mountain Ski Area – OPEN
Heavenly Mountain Resort – OPEN
Boreal Mountain Resort – OPEN
 Northstar California – OPEN

Squaw Valley USA – Nov 27th
Sugar Bowl Ski Area – November 27th
Tahoe Donner Ski Area – Dec 13th
Alpine Meadows Ski Resort – Dec 13th
Kirkwood Mountain Resort -Soon

VIDEOS!

Lake Tahoe Luxury Estates Trinkie Watson

Lake Tahoe Luxury Estates Trinkie Watson

 

 

Trinkie Watson, CIPS CLHMS

Luxury Lake Tahoe Broker

530 582 0722  800 783 0722

CA #00326518   NV #001022  
TrinkieWatson.com 

Stay Connected

Like me on Facebook   Follow me on Twitter   View my profile on LinkedIn   Find me on Pinterest

This Information Deemed Reliable But Not Guaranteed. Please, Do Not Consider This A Solicitation.

Copyright © 2013. All Rights Reserved.

Chase’N Newsletter November 2012

Chase’N Around Lake Tahoe
November 2012


QUICK LINKS
 
 
Wealth:
Luxury Real Estate:
 
 
Real Estate:
 
Community: 

Downhill Ski Areas:

X-Country Ski Areas:

 

 

 

IN THIS ISSUE

 

:: Market Statistics

:: Real Estate Articles

:: Featured Property for Sale

:: Luxury Best Buy

:: Special Rate Luxury Rental

:: Local Events of the Month

:: Featured Restaurant

Why Waiting Until Spring to Sell May Not Make Sense…
By KCM Crew
CoreLogic, in their latest House Price Index revealed that prices increased by 5% over last year. Yet, prices actually dropped .3% month-over-month.

 

Homes Sales Climb 2% in October

NEW YORK (CNNMoney) by Aaron Smith–The pace of sales for previously owned homes rose in October, despite the devastation of Superstorm Sandy, in the latest sign of improvement for the long-battered housing market. Existing home sales rose to an annual rate of 4.79 million, seasonally adjusted, the National Association of Realtors reported. Read Full Article

 

 

Featured Luxury Property 

Huggy Bear Lodge

 (Available as a Ski Lease too!)

Click Here for More Information 

Carnelian Bay – stone & cedar delight with lake views from every room. Granite floors and fireplaces, carpeted bedrooms. One step into home, then lift access through home to pier; one handicapped-friendly shower. Beautiful details, max use of spaces, Smart Home, hydronic heat, lots of windows, family room with fireplace and wet bar, Sundeck on deep water pier with 10,000# lift under, 2 buoys. Surround sound, imported fixtures, Huggy Bear cabinets, Alder finishes, 9-bed bunk room. Gracious and practical

 

 

Are you thinking of Investing, Buying or Selling in the Lake Tahoe and Truckee Area?  Understand the Chase difference…time tested and results driven systems.  Contact us

Luxury BEST BUY 

 

Heigh Ho Lodge  
 
Once frequented by Walt Disney is located on the shore of historic Old-Brockway and is now available for that special Tahoe buyer. 3 contiguous lakefront parcels consisting of 287FT+/- of stunning sand beach on 1.67AC+/- of landscaped grounds (including majestic granite boulders) with an idyllic 6BR main house that sleeps 21, fully equip 2BR/1.5BA guest house, and luxurious 2BR/2BA caretakers house. Full southern exposure and massive views across Lake Tahoe. Make your Magical memories here.

 

Have a property in mind but don’t see it for sale on the luxury market?  We have “First Look” Listings too! 
Luxury Ski Lease & Holiday Availability 

 

Agate Bay, Lake Tahoe

Fabulous Ski Lease Opportunity. Central location to Northstar, Diamond Peak or Squaw Valley and Alpine Meadows.Designed and built by Loverde Builders in 2002, this 3,800+ sq. ft. home features agate bay stone exterior face, alder interior trim, Nyatoh doors and specially-designed paneling along with hydronic heat, dramatic high ceilings, 4 ensuite bedrooms, Eagle windows, Hammerton lights, custom iron work, freeze alarms and fire sprinklers. Quartzite flooring is used on the main level and patios. Tenant pays electric, gas, cable, phone, internet, snow removal. Owner pays water, sewer, trash (one can a week). References required.

 

 


License Plates for Powder
Ski for Free in Tahoe!
With the official start to the Tahoe ski season just around the corner, the Tahoe Fund is launching the popular “Plates for Powder” promotion to drive sales of Lake Tahoe license plates. From now until April 15, anyone who purchases a new Lake Tahoe license plate in either California or Nevada is eligible to receive two free ski ticketsto one of the 11 Tahoe resorts participating in the program..

Thanksgiving Dinner
Tahoe City
Free! North Shore Hawaiian (530) 583-8000
Jake’s on the Lake (530) 583-0188
Dockside 700 (530) 581-0303
Squaw Valley/Alpine Meadows
High Camp abarker@squaw.com

River Ranch (530) 583-4264
Northstar
The Ritz-Carlton Lake Tahoe (530) 562-3000
Carnelian Bay

Gar Woods (530) 546-3366

Kings Beach

2nd Annual @ North Tahoe Event Center (775) 230-1066

 

  Holiday Events!

.

Winter is Here!

Get to the lift as fast as you can! Catch a ride with a Ski Shuttle!

 

 

Click Here: Ski Shuttle Schedules for different Ski Areas 

Enter to Win an All-Expense Paid Trip for Two Super Bowl XLVII
February 3, 2013

Mercedes Benz Superdome, New Orleans!

  

$100 per ticket Only 300 Tickets Available 
Proceeds Benefit: Gene Upshaw Memorial Tahoe Forest Cancer Center Drawing to be held Monday, November 26th

 

 trinkie and dave

Trinkie Watson, CIPS,CLHMS 

530.582.0722 Trinkie
chase logo

Chase’N Newsletter October 2012

Chase’N Around Lake Tahoe
October 2012

 

 

 

IN THIS ISSUE

 

:: Market Statistics

:: Real Estate Articles

:: Featured Property for Sale

:: Luxury Best Buy

:: Special Rate Luxury Rental

:: Local Events of the Month

:: Featured Restaurant

Turn in the Real Estate Market?
John Seelmeyer of the North Lake Tahoe Bonanza recently published an article; Northern Nevada housing market turns sharply, but why? The article states that the real estate market has seen a turn for the better. The article explains that inventory is low and buyers are facing multiple offer situations and much rejection when they begin the search for a home. Our Chase International broker, Craig King comments in this article about the market as well.

 

5 Reasons to Buy a Home Now

by The KCM Crew

 

Supply Is Shrinking

With inventory declining in many regions, finding a home of your dreams may become more difficult going forward. There are buyers in more and more markets surprised that there is no longer a large assortment of houses to choose from. The best homes in the best locations sell first. Don’t miss the opportunity to get that ‘once-in-a-lifetime’ buy.

Price Increases Are on the Horizon

Prices will bounce along the bottom this winter. However, projections call for appreciation after that. Several studies and surveys call for price increases over the next few years starting in 2013. One such survey shows that prices will increase over 10% by 2016.

Rents Are Skyrocketing

Rents historically increase by 3.2% on an annual basis. A study issued earlier this year projects rent increases of 4% for the next two years. Trulia recently reported that rents this year have actually shot up by 5.4%.

Interest Rates Are at Historic Lows

Federal Reserve Chairman Ben Bernanke has kept interest rates low in an effort to stimulate a lethargic economy. He understands that low rates will help housing and housing is a key to bringing back the economy. As the economy approves, the need to keep rates low will no longer exist. The 30-year-mortgage rate before the financial crisis was 6.57% (August 2007).

Buy Low, Sell High

We would all agree that, when investing, we want to buy at the lowest price possible and hope to sell at the highest price. Housing can create family wealth as long as we follow this simple principle. Today, real estate is selling ‘low’. It’s time to buy.

 

 

Featured Luxury Property 

Income Property~8 Plex in Tahoe City

Click Here for More Information 

Beautiful condition/well maintained. 2 Buildings – 4 -2BR units, 4-1BR units all with one bath, kitchen with stove, fridge, Dishwasher, Disposal, wood-burning stove (to be compliant). BMPs being assessed; Def. space complete. One vacant unit about to be leased. All tenants started with one-year leases, most on month-to-month now. 2BR units = 800 sf; 1BR units = 750 sf. All include water, garbage, snow removal, hearth rug,ceiling fan. Laundry room with 2 Washers and Dryers.

 

 

Are you thinking of Investing, Buying or Selling in the Lake Tahoe and Truckee Area?  Understand the Chase difference…time tested and results driven systems.  Contact us

Luxury BEST BUY 

 

Huggy Bear Lodge 
 
Huggy Bear Lodge – stone & cedar delight with lake views from every room. Granite floors and fireplaces, carpeted bedrooms. One step into home, then lift access through home to pier; one handicapped-friendly shower. Beautiful details, max use of spaces, Smart Home, hydronic heat, lots of windows, family room with fireplace and wet bar, Sundeck on deep water pier with 10,000# lift under, 2 buoys. Surround sound, imported fixtures, Huggy Bear cabinets, Alder finishes, 9-bed bunk room. Gracious, practical

 

Have a property in mind but don’t see it for sale on the luxury market?  We have “First Look” Listings too! 
Luxury Ski Lease & Holiday Availability 

 

Agate Bay, Lake Tahoe

Fabulous Ski Lease Opportunity. Central location to Northstar, Diamond Peak or Squaw Valley and Alpine Meadows.Designed and built by Loverde Builders in 2002, this 3,800+ sq. ft. home features agate bay stone exterior face, alder interior trim, Nyatoh doors and specially-designed paneling along with hydronic heat, dramatic high ceilings, 4 ensuite bedrooms, Eagle windows, Hammerton lights, custom iron work, freeze alarms and fire sprinklers. Quartzite flooring is used on the main level and patios. Tenant pays electric, gas, cable, phone, internet, snow removal. Owner pays water, sewer, trash (one can a week). References required.

 

 


Black CATT Halloween Ball Truckee

Saturday Oct 27th
TREX and Truckee Tahoe Lumber present the Black CATT Halloween Ball at Truckee Tahoe Airport in Hangar #1 from 7 p.m. to 2 a.m. Hosted by Contractors Association of Truckee Tahoe, the event features DJ Silver BoomBox Thief before and after live music by The Whitney Myer Band, go-go dancers, raffle and costume contest with cash prizes. $20 advance, $25 at door. Tickets Truckee Tahoe Lumber locations, Porter’s or the CATT office in Truckee. Gourmet food and snacks available for purchase. (530) 550-9999.
 

   Shop the Swaps

 

Celebrating its 49th year, the North Tahoe Ski/Sports Swap will be held Oct. 27 from 9 a.m. to 3 p.m. at North Tahoe High School gym.  Admission is $1/raffle tickets are $1.

 

On Nov. 3 is the Ski & Snowboard Swap at the Truckee Community Recreation Center from 11 a.m. to 4 p.m. featuring gear, clothing and equipment. Public check-in is from 7:30 to 9 a.m. Admission is $2 and free 12 and younger.

 

Tahoe Cross Country hosts the 12th annual Cross Country Ski Swap on Nov. 17 at 10 a.m. at the Nordic Center with used gear, rep samples and demos. Register sale equipment on Nov. 16 from 2 to 9 p.m.

.We have snow, so when can we ski?

Ski Resorts’

Scheduled Opening Dates…

 

Boreal: Oct. 26

Sugar Bowl: Nov. 4

Northstar, CA: Nov. 16

Squaw Valley: Nov. 21  

Alpine Meadows: Dec. 07

Boreal Mountain: Oct. 26

Homewood: Dec. 14

2012 Best Bar, Chef and Fine Dining in Truckee!

 

A truly matchless Sierra dining experience.  Spirited tales of mountain adventure continue to echo within one of the nation’s oldest ski lodges, which was hand built from salvaged railroad ties in 1928.  Revel in unmatched views of downtown Truckee and the surrounding Sierra from the vast Dining Room and expansive Deck.

Cottonwood has it all; a rich and vibrant heritage, a lively music scene, a full bar, and an adventurous menu created by the Executive Chef of 14 years, David Smith.

Open Monday – Sunday from 4:30 pm to 10 pm.

.

 

 

 trinkie and dave

Trinkie Watson, CIPS,CLHMS 

David Gemme, CRS

530.582.0722 Office

 

 

Chase’N Around Lake Tahoe September 2012 Monthly Newsletter

Chase’N Around Lake Tahoe
September 2012


 

 


QUICK LINKS
 
 
Wealth:
Luxury Real Estate:
 
 
Real Estate:
 
Community: 
Downhill Ski Areas:
 
X-Country Ski Areas:
 
 

IN THIS ISSUE

:: Market Statistics
:: Real Estate Articles
:: Featured Property for Sale

:: Luxury Best Buy

:: Special Rate Luxury Rental

:: Local Events of the Month

:: Featured Restaurant

 2012 TOP Luxury Real Estate Companies
Chase Logo

with sales over $5 million

Rising Prices will drive housing sales for years to come….

Every 90 days the Fed releases Z-1, its compilation of every nickel rolling and landing in the U.S. economy. Some good news: The net worth of U.S. households is today only $3.5 trillion below its 2007 level, and up $9 trillion from its 2008 nadir. But 80 percent of the gain has been from stocks, a paper loss and rebound. Home values are still rumbling along bottom, little changed from the initial $7 trillion loss.

 

Thinking of Buying a Vacation or Retirement Home?

When the economy was exploding in the early 2000s, many of us began to dream about purchasing that vacation home on the lake or securing a home in a more appropriate location for our retirement years. However, with the booming economy came skyrocketing house prices. Many of the homes we fell in love with quickly became out of reach financially. Perhaps we should take a second look at these same homes today

 

 

Featured Luxury Property 

  52 Acres with 3000 ft Along the Truckee 

 

Click Here for More Information 

Fisherman’s dream! Opportunity to have 3000′ on the Truckee River with fabulous swimming hole. Residence with 2 bedrooms and 2 bathrooms.  5000 sq ft workshop with 4 overhead doors and plumbed for a bathroom; 450 sf. studio cabin with a wood stove; insulated dog house; pump house; gravel pit; plus dirt roads and trails through property. The lovely river-side camp/cocktail/bbq spot adds to the value. Views to Mt. Rose, east and south.

Are you thinking of Investing, Buying or Selling in the Lake Tahoe and Truckee Area?  Understand the Chase difference…time tested and results driven systems.  Contact us

Luxury BEST BUY    2 Unit Luxury Lakefront 

Brockway~North Shore Lake Tahoe. Main house is just steps from the lake! Second unit is a large detached full studio over an over-sized garage. Pier is a deeded 50/50 ownership with a neighbor. All permits, BMP’s, inspections and repairs in place.
Have a property in mind but don’t see it for sale on the luxury market?  We have “First Look” Listings too! 

 Luxury Ski Lease & Holiday Availability in Squaw Valley USA 

The Broken Arrow Lodge

Truly a lodge, in the grandest sense of the term. This home is fabulously furnished and decorated by Catherine Macfee & Associates. No expense has been spared by this discerning owner in outfitting the Fours Seasons Lodge. A Huge Great room flanked at each end with massive granite fireplaces literally “floats” in the trees looking out.


Oktoberfest

Saturday, September 29, 2012 – 11:00
 

Traditional Bavarian Music and Folk Dancers, Benefit Beer Garten, Brats & Kraut & games from 2 to 6 pm.  All entertainment at the event is free. Fundraiser for the Tahoe Truckee Lacrosse Association.

 

   TUESDAYS:

 

   Truckee: Truckee River    Regional Park

   10500 Brockway Rd off      8 am-1 pm,

 

Kings Beach: Kings Beach SRA

Highway 28 at Bear Street from 9 am-1 pm

 THURSDAYS:

 Tahoe City: Commons Beach

Beach Rd and N Lake Blvd 8 am – 1 pm

 Foothill Farmers Market.com

9th Annual Downtown Truckee Wine, Walk & Shop

Saturday
October 6, 2012
noon to 4 p.m.

Come to historic downtown Truckee to sip wine, taste scrumptious food samples and enjoy shopping.

www.TruckeeWineWalk.com

  Bird migration forecasts early winter

 There’s a saying,

“Birds never lie.”

 

If so, the best weather forecaster in the West, the migratory sandhill crane, is predicting an early winter with plenty of rain and snow. Read the Article

 3rd Annual

Lake Tahoe

Restaurant Week

 

October 7th – 14th

 11 a.m. to 11 p.m. The 3rd Annual Lake Tahoe Restaurant Week gives food aficionados an opportunity to enjoy 3-course, prix-fixe menus at 25+ participating restaurants, both new and established favorites, throughout the Lake Tahoe region for $20, $30 or $40 per person. No tickets or coupons are required to enjoy these delicious offerings at exceptional values.

 www.TahoeRestaurantWeek.com

 

 trinkie and dave

Trinkie Watson, CIPS,CLHMS 

David Gemme, CRS

530.582.0722 Office

 

LakeTahoe-Estates.com

chasen@chaseinternational.com

 

chase logo

Thinking of a Vacation or Retirement Home? Buy It Now

by The KCM Crew on September 19, 2012

When the economy was exploding in the early 2000s, many of us began to dream about purchasing that vacation home on the lake or securing a home in a more appropriate location for our retirement years. However, with the booming economy came skyrocketing house prices. Many of the homes we fell in love with quickly became out of reach financially. Perhaps we should take a second look at these same homes today.

With prices dropping by over 30% in some markets and with interest rates at historic lows, this may be the perfect time to do what we and our families have always dreamt of doing – buying that second home. Let’s look at the numbers.

Back in 2006 we may have seen the ‘perfect’ home but the $500,000 price tag was just out of reach. Today, we could probably get that home for $400,000 (if not less). We also would be financing it at the current mortgage rate instead of the rates available six years ago. The table below shows the difference in impact on our family’s finances:

Not every family is in the financial position to take advantage of the tremendous opportunities the current real estate market offers. But, if yours is, this may be the time for dreams to come true.

Chase’N Around Lake Tahoe August 2012 Monthly Newsletter

Chase’N Around Lake Tahoe
August 2012

QUICK LINKS
 
 
Wealth:
Luxury Real Estate:
 
 
Real Estate:
 
Community: 

 

Downhill Ski Areas:
 

 

X-Country Ski Areas:
 

IN THIS ISSUE

:: Market Statistics
:: Real Estate Articles
:: Featured Property for Sale
:: Luxury Best Buy
:: Special Rate Luxury Rental

:: Local Events of the Month

:: Featured Restaurant

 California Home Prices by County

UPDATED: 2nd Quarter Stats for Tahoe Donner in Truckee

For Luxury Real Estate “The Year of Capitulation”

Prices for homes priced at $1 million or more have fallen a 20 percent this year, according to RealtyTrac. The average sale price for top-tier real estate has fallen to just over $2 million, from $2.5 million in 2011. Those prices cuts stand in stark contrast to the broader housing market, which is seeing early signs of price stability and even price increases for the first time in years.

 

 

 Featured Property
Just Listed! Bank Owned

Click Here for More Information 

Fabulous opportunity to own a very expensive home for $3.1 million. Home left in great shape, all top-of-line appliances, etc. in tact. Exterior needs minor repair on one deck and maintenance staining of wood. No inspection reports available. Home being sold ‘as is’. Beautiful use of stone, wood, copper, granite and all finishes. Large open spaces inside and out with beautiful boulders. HOA amenities: pier, pool, tennis courts, buoy, owner pavilion with exercise equipment. 24 hr. gate.  

Are you thinking of Investing, Buying or Selling in the Lake Tahoe and Truckee Area?  Understand the Chase difference…time tested and results driven systems.  Contact us

Luxury BEST BUY

Family Lakefront 
 
Light and Bright, Spacious and Gracious this home offers a Large group or family a compound to celebrate living. Enjoy Lake Tahoe and bring your toys as this house is complete with 2 buoys, swim platform, multiple decks and manicured grounds for 4 seasons of use. Separate but attached guest wing, 4-car garage with separate bay. Main house has 6 bedrooms, 4 bathrooms (with Master) Guest suite 2 bedrooms, 1 bath, multiple living spaces, bonus/game rooms all with grand fireplaces. Parking for 3 cars. Great rental history too! Price Reduced!
Have a property in mind but don’t see it for sale on the market?  We have “First Look” Listings too! 

Luxury Ski Lease in Squaw Valley

The Broken Arrow Lodge

Truly a lodge, in the grandest sense of the term. This home is fabulously furnished and decorated by Catherine Macfee & Associates. No expense has been spared by this discerning owner in outfitting the Fours Seasons Lodge. A Huge Great room flanked at each end with massive granite fireplaces literally “floats” in the trees looking out.

 

   TUESDAYS:

 

   Truckee: Truckee River    Regional Park

   10500 Brockway Rd off      8 am-1 pm,

 

Kings Beach: Kings Beach SRA

Highway 28 at Bear Street from 9 am-1 pm

THURSDAYS:

 

Tahoe City: Commons Beach

Beach Rd and N Lake Blvd 8 am – 1 pm

Truckee Thursday’s: Donner Pass near train 5 pm-8 pm

Foothill Farmers Market.com


August 17th – 19th & 24th – 26th
10 am – 5 pm

 

 Set on the North Shore of Lake Tahoe, the Tahoe City Fine Arts and Crafts Festival will give visitors a special opportunity to meet with more than 45 artisans and craftspeople showcasing a wide variety of arts and crafts including photography, oil paintings, ceramic vessels, jewelry and much more.

Click Here for More About This Festival

Saturday August 18th
11645 Alder Hill Rd., Truckee. Tickets $125 – $135 Per person. Join bestselling authors of the book ” What I Eat, Around the World in 80 Diets” and a group of premier local chefs for a spectacular dining event that pays homage to our homegrown businesses, farmers and food leaders. Tickets available through www.squawvalleyinstitute.org

August 25th 5 – 7
& August 26th 1 – 3  
McIver Arena, Brockway

 

Peaks & Paws

Saturday, August 25th & Sunday, August 26th

If every dog has its day, then Peaks & Paws at Squaw Valley is it! This year’s event will feature two days packed full of pet friendly elements and activities.

 

 

With Summer Comes Construction…

Click Here for the 2012 Tahoe Summer Road Construction Map for May – October

 Summer Wine Dinners

 Indulge in the full Wine Dinner Menu with wine pairings in the dining room or enjoy by the glass in the bar or with your dinner.

 www.plumpjacksquawvalleyinn.com/

 

 trinkie and dave

Trinkie Watson, CIPS,CLHMS 

David Gemme, CRS

530.582.0722 Office

 

LakeTahoe-Estates.com

chasen@chaseinternational.com

 

chase logo

 

 

 

Stay with PlumpJack Squaw Valley Inn and Fly High with Virgin America
All reservations booked in 2012 will earn double Virgin America Elevate points (1000 per guestroom, 1500 per suite). As always, with all stays guests enjoy complimentary breakfast and valet parking.

Whether you’re looking to learn the art of fly fishing or looking to refine your skills, Matt Heron Fly Fishing located in the Olympic Valley is one of the most popular and sought after fly fishing schools in the country. The three hour Cast n’ Catch class begins with a private hour and a half of casting lessons, which leads into an hour and a half of guided fishing on the private, stocked ponds.

Package Includes:

• One night accommodations for two people

• Cast n’ Catch Fly Fishing instruction by Matt Heron for two people (can be used in 2012 or 2013)

• Fresh baked pastries or assorted cheese plate provided by PlumpJack Cafe

• Bottle of CADE Sauvignon Blanc in room upon check-in

Farm Fresh to PlumpJack Cafe & A Fresh Guestroom Rate of $159 – Celebrate the last of the summer bounty and the beginning of the fall harvest with a very special evening showcasing Executive Chef Ben “Wyatt” Dufresne’s multi-course menu and Farmer Gary Romano of Sierra Valley Farms’ freshest ingredients. Join us for an evening of creative culinary delights, perfectly paired summer wines, lots of laughter, new friends and a dramatic mountain setting.

Stay with us for an exclusive Fresh Rate of $159

Date: Thursday, September 13th
Time: 6pm welcome, 6:30 dinner
Cost: $50 for four course dinner, $85 paired with wines

Summer Wine Dinners – Our Wine Series is back for the summer. Indulge in the full Wine Dinner Menu with wine pairings in the dining room or enjoy by the glass in the bar or with your dinner.

Stay with us for an exclusive Fresh Rate of $159

Upcoming Winemaker Dinners
Aug 23rd
Honig Vineyard and Winery

Sept 7th
Orin Swift Cellars

For Luxury Real-Estate, the ‘Year of Capitulation’

By: Robert Frank
CNBC Reporter & Editor

Carpinteria, California mansion
Source: luxuryportfolio.com

Once for sale at more than $22 million, a California beachfront compound with a guest villa, tennis court and swimming pool is going for $14.9 million.
Even the rich aren’t immune to the pressures of the housing market.

Prices for homes priced at $1 million or more have fallen a 20 percent this year, according to RealtyTrac. The average sale price for top-tier real estate has fallen to just over $2 million, from $2.5 million in 2011.

Those prices cuts stand in stark contrast to the broader housing market, which is seeing early signs of price stability and even price increases for the first time in years.

All that price-chopping at the top, however, has sparked a wave of sales as buyers scoop up deals and sellers accept the new reality of lower prices.

The number of transactions for homes priced at $1 million or more has jumped 18 percent this year, one of the strongest increases since 2008, according to Realtytrac.

Brokers for luxury real estate are already calling 2012 the “The Year of Capitulation” for wealthy sellers.

Robert Frank
Robert Frank
CNBC Reporter
& Editor

“I think sellers are now resigned to today’s prices and what’s actually selling,” said Paul Boomsma of the Luxury Portfolio, a marketing group for luxury homes. “ People who are serious about selling are ready to make a deal now, where maybe they weren’t a year ago.”

There are several factors behind the price drops. The high end of the market didn’t fall as much or as early as the broader market, since there weren’t as many distressed sellers that were forced to sell. Those wealthier sellers have hung on to their properties, waiting for prices to approach 2008 levels.

Now that they see that the prices of 2008 aren’t likely to return anytime soon, many are deciding to drop their prices just to get a deal. The increase in sales has itself spurred sales, as wealthy sellers see a larger number homes in their neighborhoods trading at lower prices.

“There is now a critical mass of data so sellers can say, ‘Well, this is the new reality,’” Boomsma said.

Of course, bargains are all relative in the mega-mansion market. And homes priced at $1 million or more represent a tiny slice of the overall market, with high concentrations in New York and California.

Yet some mega-mansions have seen price cuts of 30 percent or more in recent months.

A private beachfront-compound in Carpinteria Calif., has sliced $7.2 million from its price tag and is now being offered for $14.9 million, according to Luxury Portfolio. The property includes a six-bedroom main house, guest villa, tennis court, swimming pool, spa and 95 feet of beach frontage.

A historic estate in the horse country of Bedford, N.Y. has been reduced by $3.5 million. The estate was built for the Harriman family in the early 1900s and features an equestrian center and 100 acres of gardens, ponds and rolling hills. The new sale price: $26.5 million.

South Florida has seen a huge boost in luxury home sales driven by buyers from Latin America. But prices are falling there as well. An oceanfront palace in Delray Beach, with 15,000 square feet of living space, has been reduced by $4.4 million and is now available for $19.5 million.

“These sellers are capitulating,” said Daren Blumquist, vice president of RealtyTrac. “They are pricing to get these properties sold.”

Blumquist said many sellers may also be motivated to do a deal this year in anticipation of possible tax changes in 2012. If the Bush tax cuts expire, capital gains rates could rise from 15 percent to more than 20 percent. That added tax bill can grow to the millions of dollars when selling a mega-mansion.

“Election years bring uncertainty, so they might want to close a deal now,” he said.

-By CNBC’s Robert Frank
Follow Robert Frank on Twitter: @robtfrank

Big money. Big deals. Watch CNBC’s exclusive access to the Secret Lives of the Super Rich: Mega-Homes.
© 2012 CNBC.com

Chase’N Around Lake Tahoe July 2012 Monthly Newsletter

Chase’N Around Lake Tahoe
July 2012

QUICK LINKS
 
 
Wealth:
Luxury Real Estate:
  
Real Estate:
 
Community:

Downhill Ski Areas:

X-Country Ski Areas:
 

IN THIS ISSUE

 

:: Market Statistics

:: Real Estate Articles

:: Featured Property for Sale

:: Luxury Best Buy

:: Special Rate Luxury Rental

:: Local Events of the Month

:: Featured Restaurant

 

California Home Owner Bill of Rights Becomes Law….  

All eyes in the nation now turn to California as Governor Jerry Brown signed into law today the Homeowner Bill of Rights to help struggling Californians keep their homes. This law aims to avoid foreclosure where possible to help stabilize California’s housing market and prevent the other negative effects of foreclosures on families, communities, and the economy. The new law will generally prohibit lenders from engaging in dual tracking, require a single point of contact for borrowers seeking foreclosure prevention alternatives, provide borrowers with certain safeguards during the foreclosure
process, and provide borrowers with the right to sue lenders for material violations of this law. Read More

 

Homeownership. The American Dream
 

by KCM

A major benefit to homeownership is community. There is a greater sense of community among homeowners than there is with renters. Studies have shown that homeowners have a higher participation in local volunteer activities; participate more in local political activities and organizations; have higher voting rates; and are more involved in self-help activities (like the PTA and neighborhood crime watches) than those who rent. Read Full Article

 

Featured Property 

Just Listed in Tahoe Donner

Click Here for More Information 

Like New beautifully constructed home by Scott Gunter. Cedar exterior, Pine interior, lots of windows, 2 fireplaces, 2 dishwashers, 2 disposals, warming drawer, self-closing screens and drawers, granite counters, wood floors, carpeted bedrooms, loft game room/office with guest suite, south-facing Rock & Rose landscaping with lush lawn and fountain, path thru privacy trees to golf course, master suite on main with separate 2 bedrooms and bath, garage to accommodate a boat, laundry/mud room at garage entry.

Are you thinking of Investing, Buying or Selling in the Lake Tahoe and Truckee Area?  Understand the Chase difference…time tested and results driven systems.  Contact us

Luxury BEST BUY

Heights Lane in Tahoe City
 
Spacious and exquisitely constructed family home designed and built with unsurpassed quality throughout. It’s park-like setting has beautifully landscaped grounds that enhances it’s curb appeal. This magnificent property features both a 3800 sq. ft. main home and attached 1200 sq. ft. guest quarters with a 5 car garage and has 4 fireplaces. The main home features 3 BR, 2.5 BA, formal living room, office or 4th bedroom and a large family room. The guest quarters has 2 BR, 1 BA with own living area. Click Here for a More Info
Have a property in mind but don’t see it for sale on the market?  We have “First Look” Listings too! 
Summer Availability in August.
Luxury Vacation Rental in Squaw Valley
The Broken Arrow Lodge

Truly a lodge, in the grandest sense of the term. This home is fabulously furnished and decorated by Catherine Macfee & Associates. No expense has been spared by this discerning owner in outfitting the Fours Seasons Lodge. A Huge Great room flanked at each end with massive granite fireplaces literally “floats” in the trees looking out.

Enjoy Extraordinary Entertainment in an Exceptional setting


July 13th – August 26th
Imagine your toes in the sand, a fantastic bottle of wine nearby, a gourmet meal in hand and first-class entertainment with your friends and family before you…all while basking in a perfect Lake Tahoe sunset. You’re not dreaming, you’re experiencing the enchantment of the Lake Tahoe Shakespeare Festival at Sand Harbor State Park.

 www.laketahoeshakespeare.com/

 

July 26th – 29th
Squaw Valley, North Lake Tahoe

 

 yoga sessions, music, hikes and lecture series

 

Click Here for More Information and Tickets

July 28th -29th
5th Annual Historic Downtown Truckee Arts and Crafts Festival at Bridge Street and Donner Pass Rd from 10 a.m. to 6 p.m. on Saturday and 10 a.m. to 5 p.m. on Sunday.

 

 

   TUESDAYS:

    Truckee: Truckee River Regional Park

   10500 Brockway Rd.   8 am-1 pm,

 

Kings Beach: Kings Beach SRA

Highway 28 at Bear Street from 9 am-1 pm

THURSDAYS:

 Tahoe City: Commons Beach

Beach Rd and N Lake Blvd 8 am – 1 pm

Truckee Thursdays: Donner Pass near train 5 pm-8 pm

Foothill Farmers Market.com

Our residents and businesses are what make our communities thrive. So why not celebrate their achievements, as chosen by their peers? Nominate your favorite businesses, places and people in the region in the 2012 Best of North Tahoe & Truckee competition brought to you by the Sierra Sun, North Lake Tahoe Bonanza and Tahoe.com.

VOTING OPEN FROM Fri, Jul 13 2012 12:00 AM – Fri, Aug 03 2012 11:59 PM 

CLICK HERE TO VOTE!

  With Summer Comes Construction…

 Click Here for the 2012 Tahoe Summer Road Construction Map for May – October

Food Truck Revolution 

Truckee Tahoe Airport District is pleased to welcome Red Truck to the cafe space of the Administration Building. The Red Truck food truck is a popular fixture — er, rolling restaurant — around town.  Airport management encourages locals and tourists to visit the newest tenant and enjoy great food 

 


 trinkie and dave

Trinkie Watson, CIPS,CLHMS 

David Gemme, CRS

530.582.0722 Office

Chase’N Around Lake Tahoe June 2012 Monthly Newsletter

Chase’N Around Lake Tahoe
June 2012

QUICK LINKS

Wealth:
Forbes

Bloomberg
Money CNN

Luxury Real Estate:
Luxury Portfolio

Luxury Real Estate

Unique Homes

Dream Homes

Real Estate:
Lake Tahoe Estates

Trulia

Realtor

Community:
Truckee

Tahoe City

North Tahoe

Downhill Ski Areas
Squaw Valley

Alpine Meadows

Homewood
Tahoe Donner
Sugar Bowl

X-Country Ski Areas:
Royal Gorge
Tahoe City
Tahoe Donner


IN THIS ISSUE

:: Market Statistics
:: Real Estate Articles
:: Featured Property for Sale
:: Luxury Best Buy
:: Special Rate Luxury Rental
:: Local Events of the Month
:: Featured Restaurant

 

1st Time Home Buyer Speaker Series June 21st

Join us for an informative event at the Chase International Real Estate office in the Village at Squaw Valley.
We will have a representative from a mortgage company, title company and a Real Estate agent available to answer any questions with regards to buying your first home!

 

 Pre-Approval is Important!!

The housing market is warming up in many areas, with multiple offers becoming more commonplace. Buyers who want an advantage in the bidding process will need more than a mortgage prequalification – they will need a pre approval.
Read More  
or at http://on.car.org/Kuo2Pm

 

 Featured Property
Price Reduced on North Shore

Click Here for More Information 

Terrific opportunity to own 200′ on Lake Tahoe with a pier, boat house, 3 lifts (2 in, 1 out),4 buoys and two homes. The main house was built in 1996 and has 6 bedrooms (one a bunk room) with 5.5 baths,2 decks and a 2-car garage with ample storage. The charming circa 1920s cabin (1,698 sq. ft.)has 3 bedrooms and 2 baths, one deck. Natural landscaping on this gentle downsloping property includes a path between the two homes and lovely pines. A curved driveway connects the two and provides good off-street parking. Beautiful views from both homes showcase Lake Tahoe. Now offered together or separately! 

Are you thinking of Investing, Buying or Selling in the Lake Tahoe and Truckee Area?  Understand the Chase difference…time tested and results driven systems.  Contact us

Luxury BEST BUY 

Rubicon Vista on Lake Tahoe
 
Lovely Rubicon Properties lakefront with State Lands permitted private pier, assigned buoy and 100′ on water. 8,855 sq. ft. of approved TRPA coverage for gresat re-do opportunity. Current cabin has 5 bedrooms, 4 bathrooms, with two suites having separate access at lower level. Great views, big windows, large main deck for entertaining, covered patio below. Gorgeous sandy beach. Cabin has been rented over the years to friends. Lovely trees, gentle slope from home to lake by wood path/stairs. Price Reduced!
Have a property in mind but don’t see it for sale on the market?  We have “First Look” Listings too! 

Summer Availability in August.
Luxury Vacation Rental in Squaw Valley

The Broken Arrow Lodge

Truly a lodge, in the grandest sense of the term. This home is fabulously furnished and decorated by Catherine Macfee & Associates. No expense has been spared by this discerning owner in outfitting the Fours Seasons Lodge. A Huge Great room flanked at each end with massive granite fireplaces literally “floats” in the trees looking out.

 TUESDAYS:

   Truckee: Truckee River    Regional Park

   10500 Brockway Rd off      8 am-1 pm,

 Kings Beach: Kings Beach SRA

Highway 28 at Bear Street from 9 am-1 pm

THURSDAYS:

Tahoe City: Commons Beach

Beach Rd and N Lake Blvd 8 am – 1 pm

Truckee Thursdays: Donner Pass near train 5 pm-8 pm

Foothill Farmers Market.com


Tahoe City Wine Walk

     Saturday, June 23 from      Noon to 4pm

Enjoy a stroll through beautiful Tahoe City while shopping, tasting wine and sampling delicious food from local Tahoe restaurants and caterers.

The Wine Walk is the flagship event of the Tahoe City Solstice Festival, sponsored by the Tahoe City Downtown Association.

Visit tahoecitywinewalk.com for more information and tickets.

 


Starting June 24th….

 

 

Tahoe City Summer Music Series Line Up

With Summer Comes Construction…

Click Here for the 2012 Tahoe Summer Road Construction Map for May – October

Summer Dining on Lake Tahoe!

Sunnyside Restaurant & Lodge on West Shore of Lake Tahoe.  Breathtaking views while enjoying fabulous food. 

 

 trinkie and dave

Trinkie Watson, CIPS,CLHMS 

David Gemme, CRS

530.582.0722 Office

 

chasen@chaseinternational.com

 

chase logo

 

 

Chase’N Around Lake Tahoe
May 2012


QUICK LINKS

Wealth:
Forbes

Bloomberg
Money CNN

Luxury Real Estate:
Luxury Portfolio
Luxury Real Estate

Unique Homes
Dream Homes

Real Estate:
Lake Tahoe Estates
Trulia
Realtor

Community:
Truckee
Tahoe City
North Tahoe

Downhill Ski Areas:
Squaw Valley
Alpine Meadows
Homewood
Tahoe Donner
Sugar Bowl

X-Country Ski Areas:
Royal Gorge
Tahoe City
Tahoe Donner

 

IN THIS ISSUE

:: Market Statistics
:: Real Estate Articles
:: Featured Property for Sale
:: Luxury Best Buy
:: Special Rate Luxury Rental
:: Local Events of the Month
:: Featured Restaurant

Western Mountain Resort Alliance 1st Quarter Market Stats
Click Here

 

 

WMRA Tahoe 

 

Now May Be Best Time To Buy A House In Two Decades

Purchasing a home may be more affordable now than it has been in more than 20 years. Almost 78% of homes sold during the first quarter of 2012 were affordable to people earning the U.S. median income of $65,000, according to a report released Wednesday by the National Association of Home Builders and Wells Fargo. Home prices nationwide have fallen about 36% from their peak, while median income has risen by about 10%. At the same time, mortgage rates are below 4%. Read More

 

 

Nationwide housing affordability hit a new record high!

For a second consecutive quarter in the first three months of this year, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released today. Yet tight lending conditions continue to pose a major obstacle to many prospective home buyers.

Read More

 Featured Property
Just Listed in North Lake Tahoe

Click Here for More Information 

Designed and built by Loverde Builders in 2002, this 3,800+ sq. ft. home features agate bay stone exterior face, alder interior trim, nyatoh doors and specially-designed paneling along with hydronic heat, dramatic high ceilings, 4 ensuite bedrooms, Eagle windows, Hammerton lights, custom iron work, freeze alarms and fire sprinklers. Quartzite flooring is used on the main level and patios. Family members can enjoy a game room, reading alcove and large storage room. Private pier, boat lift, 2 buoys.

Are you thinking of Investing, Buying or Selling in the Lake Tahoe and Truckee Area?  Understand the Chase difference…time tested and results driven systems.  Contact us

Luxury BEST BUY 

Tavern Shores Lakefront Condo, Tahoe City Ca.
 
Beautifully remodeled corner unit with lots of light. Relax on your deck or in your living room with an expansive view of Lake Tahoe, lovely lawn and lupine field. Walk a short distance across the lawn to the HOA pier or pool and tennis courts. Interior upgrades include Alder doors and trim, granite counters and stainless steel appliances. It’s a short stroll into Tahoe City for services, shopping and dining. Get your morning coffee on the way!
Have a property in mind but don’t see it for sale on the market?  We have “First Look” Listings too! 

Special Spring Rate!
Luxury Vacation Rental in Squaw Valley

The Broken Arrow Lodge

Truly a lodge, in the grandest sense of the term. This home is fabulously furnished and decorated by Catherine Macfee & Associates. No expense has been spared by this discerning owner in outfitting the Fours Seasons Lodge. A Huge Great room flanked at each end with massive granite fireplaces literally “floats” in the trees looking out.

 west shore associationCelebrate Opening Day at the Lake!

Exploring incredible dinning, shopping, and activities all around North Lake Tahoe from Thursday May 24th to Thursday May 31st..

Opening Day Calendar

 

 

May 26th & 27th

Truckee Home Building Show 

Regional Green Building Symposium and Sierra Health 

Truckee High School. Free parking. 10 am to 5 pm. $6 Includes meeting with construction professionals and suppliers. You will be assisted in discovering the latest technology for your home including green building!

Truckee Home Show Calendar of Events

With Summer Comes Construction…

Click Here for the 2012 Tahoe Summer Road Construction Map for May – October

Following up on The PUSH…

The project is The PUSH, a story of hope and love, with its final act on South Pole. Along the way, I was challenged, both mentally and physically, beyond anything I have ever faced before.  In the end, the experience turned into something I never expected.   
 
The real real story, the real message, was not about going anywhere – it was about going within, and exploring the power of the human spirit. 

 

Month of May at

$5 Glasses of Wine from 5-5:55pm

   Looking to ease into your evening? Head to Uncorked Truckee (10118 Donner Pass Rd. Truckee, CA) half of the proceeds benefitting the High Fives Foundation. 

 

 trinkie and dave

Trinkie Watson, CIPS,CLHMS 

David Gemme, CRS

530.582.0722 Office

 

 

Chase’N Around Lake Tahoe April 2012 Monthly Newsletter

Chase’N Around Lake Tahoe
April 2012

 

QUICK LINKS

Wealth:
Forbes

Bloomberg

Money CNN

Luxury Real Estate:
Luxury Portfolio
Luxury Real Estate

Unique Homes
Dream Homes

Real Estate:
Lake Tahoe Estates

Trulia
Realtor

Community:
Truckee
Tahoe City
North Tahoe

Downhill Ski Areas:
Squaw Valley
Alpine Meadows

Homewood
Tahoe Donner
Sugar Bowl

X-Country Ski Areas:
Royal Gorge
Tahoe City
Tahoe Donner

 

IN THIS ISSUE

:: Market Statistics
:: Real Estate Articles
:: Featured Property for Sale
:: Luxury Best Buy
:: Special Rate Luxury Rental
:: Local Events of the Month
:: Featured Restaurant

1st Quarter Market Stats for Squaw Valley, Truckee and Lake Tahoe

 Squaw Valley Stats

 Lake Tahoe Stats

 Truckee Stats

 

Is the Housing Market Actually Recovering?

Everyone wants to know if the housing market is truly showing signs of a recovery. There are conflicting headlines every day. One day, we hear sales are up.The next day it is reported that prices are down. Is the real estate market coming back? The answer is ‘yes’ and ‘no’. Read More

 

 

Mar/Apr Digital Edition Volume 90

Ready to
Rebound…
After falling 34% over the past six years, U.S. home prices will soon bottom. They could turn back up by spring 2013. Read More

 

Featured Property 

Just Listed in Fleur Du Lac

Click Here for More Information 

Largest unit in the complex, complete with gated entry, landscaped grounds, back yard with patio, BBQ, firepit with maximum privacy. Amenities include marina/slip, yacht club, club house, pool, and tennis courts. Rustic mountain charm, updated in 2007 with new kitchen and more. Exotic woods, stones, skylights, log accents. Amazing features such as dual steam & convection ovens, Wolf range, Espresso machine, Sub Zero Pro48 fridge, House purifcation, 2 furnaces, TV room, library, bar. 5 bedrooms, 5 bathrooms and a 2 car garage.

Are you thinking of Investing, Buying or Selling in the Lake Tahoe and Truckee Area?  Understand the Chase difference…time tested and results driven systems.  Contact us

Luxury BEST BUY 

Stony Creek Court, Truckee Ca.

 

Stunning 5 acre lot close to downtown Truckee & Northstar.   6 bedrooms, 4 bathrooms + 2 half baths,
grand stone fireplace, game loft, family/media room, gourmet kitchen, 3+ car garage, covered deck with sunken hot tub,
solar, handicap access to the main level.
Have a property in mind but don’t see it for sale on the market?  We have “First Look” Listings too! 

Special Spring Rate!
Luxury Vacation Rental in Squaw Valley

The Broken Arrow Lodge

Truly a lodge, in the grandest sense of the term. This home is fabulously furnished and decorated by Catherine Macfee & Associates. No expense has been spared by this discerning owner in outfitting the Fours Seasons Lodge. A Huge Great room flanked at each end with massive granite fireplaces literally “floats” in the trees looking out.

 

Village at Squaw Valley April 21st, 2012

 

A volunteer run, non-profit event to recognize, celebrate and promote the region’s unique beauty. Have fun, enjoy live music and entertainment, and to learn how to preserve and protect our local and global natural resources.

http://tahoetruckeeearthday.com/

 KidZone Annual Spring Fundraiser April 28th

Dinner and Auction celebrates the museum’s 20th anniversary with disco at Dragonfly Cuisine from 5:30 to 11 p.m. Includes three drinks, dinner, dance music by DJ Brian Hess, a silent and live auction and raffle. $40 advance, $45 at the door.

 

Kidzone Museum Online

  April is Burger and a Beer month!

Enjoy a delicious burger and beer for only $11.50 – available in the entire restaurant, any night of the week.

 

Ready to Rebound

By JONATHAN R. LAING

After falling 34% over the past six years, U.S. home prices will soon bottom. They could turn back up by spring 2013.

It hit with the ferocity of an Old Testament plague, wiping out large populations of homeowners in the U.S. Five million of the country’s 76 million mortgage holders have lost their homes to foreclosure or lender-ordered short sales since 2006, and an estimated 14 million more owe more on their homes than their properties are currently worth. In all, some $7.4 trillion in homeowners’ equity has been destroyed, according to Mark Zandi, chief economist at Moody’s Analytics, and more than two million jobs in the home-building industry disappeared.

At year end 2011, the S&P/Case-Shiller National U.S. Home Price Index fell to a record low, 33.8% below the boom peak level, recorded in 2006’s second quarter. The descent has been all the more hideous in such once-manic markets as Las Vegas, Phoenix and Miami, which, according to the Case-Shiller 20-City Composite Index, have fallen 61%, 55% and 51%, respectively, from their high-water marks.

Everyone has shared the pain. The negative wealth effect from the price decline both contributed to the virulence of the Great Recession and crimped the subsequent recovery.

At year end 2011, the S&P/Case-Shiller National U.S. Home Price Index fell to a record low, 33.8% below the boom peak level, recorded in 2006’s second quarter. The descent has been all the more hideous in such once-manic markets as Las Vegas, Phoenix and Miami, which, according to the Case-Shiller 20-City Composite Index, have fallen 61%, 55% and 51%, respectively, from their high-water marks.

Everyone has shared the pain. The negative wealth effect from the price decline both contributed to the virulence of the Great Recession and crimped the subsequent recovery.

Everyone has shared the pain. The negative wealth effect from the home-price decline contributed to the virulence of the Great Recession.

Yet as grim as these year-end readings appear to be, there are signs that the long nightmare for American homeowners is in its terminal stage, and that, maybe, just maybe, home prices will bottom and begin to turn by the spring of 2013—if not before. Certainly, the economy is doing better these days—the sine qua non for improved demand for housing. Jobs numbers have been up sharply three months in a row, leading to a jump in consumer confidence of late.

The near-record low in mortgage rates and concomitant slide in home prices has made houses and condos stunningly affordable (although stiff underwriting standards have made getting home loans more difficult). This is captured in the National Association of Realtors Housing Affordability Index, which measures how much purchasing power a median-income family needs in order to buy a median-priced home, using conventional mortgage financing.

This measure stood at 206 in January, which meant that the typical family has more than double the income needed to purchase an average home. That reading is more than twice the 102.7 at the peak of the bubble in July 2006.

MUCH OF THE HOME-PRICE DECLINE in the past six years has been fueled by the distress sales of foreclosed properties, which typically sell at discounts of 30% or more to dwellings in the conventional sales market. Distressed sales, along with vacant houses and condos awaiting a sale, trash property values for all the other homes in the immediate area.

These forced sales have weighed heavily on overall market prices that are typically reported on a metropolitan-area basis that includes cities, surrounding communities and exurbs, which are a good distance from downtown. Within many metropolitan statistical areas, a bifurcated market has developed in which a pricing recovery already is under way in communities and neighborhoods far from the areas still reeling from past excesses of subprime mortgages and predatory lending.

This phenomenon is showing up in the statistical service CoreLogic’s Home Price Index, which nicely separates distressed from nondistressed sales. Indeed, for all of 2011, prices fell 4.7% nationally from the previous year’s level. Excluding distressed sales, however, home prices dropped just 0.9%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Of greater moment, perhaps, CoreLogic data show that nondistressed-sales prices rose 0.2% month over month in December 2011 and 0.7% in January 2012. Could this be an augur of better times to come?

Absolutely, in the opinion of Karl Case, professor emeritus at Wellesley College and one of the progenitors of the Case-Shiller indexes, launched in 2002. “If you drill down in the numbers by zip code in the Boston area, as I have done, you find that more desirable, affluent neighborhoods like Back Bay and Beacon Hill are doing just fine now—while, say, Fall River is still in the dumps and dragging down the entire Boston Metro area,” he asserts.

This bifurcated market is seen all across the country. While the Nob Hill neighborhood in San Francisco never saw values drop drastically and is now recovering nicely, Stockton, Calif., remains in the dumps. It’s a tale of two cities elsewhere, too. The Santa Monica real-estate market is doing fine, while the desert towns to the east are still suffering. And, in the Miami environs, South Beach is strengthening; Hialeah, Fla., isn’t.

Then there are areas that have been so depressed that the only direction now seems to be up.

In fact, woebegone Detroit was the only place in the latest Case-Shiller National Index to show an annual increase for December. True, the price increase was a skimpy 0.5%, but that was lots better than the 12.8% slide notched by the Atlanta area for 2011. And the only two metro areas that showed month-over-month gains in December were Miami, up 0.2%, and Phoenix, up 0.8%.

TO BE SURE, PLENTY OF headwinds remain for home sales. Unlike the stock market, home prices display much long-term momentum and inertia. Prices, all other factors being equal, tend to move in their past direction, and lenders, chastened by recent experience, remain tight with mortgage credit. Going through the home-loan application process these days is like undergoing a financial colonoscopy. In contrast, during the salad years of the housing boom, banks were shoving money at borrowers, with few questions asked.

The biggest impediment to a turn in the home market remains the so-called shadow inventory of some 3.671 million homes, according to estimates by Mark Zandi of Moody’s Analytics: those that remain somewhere in the foreclosure pipeline. Payments on some are 90-plus days delinquent; others are already lender-owned properties, known as REOs (real estate owned), that haven’t yet been listed for sale.

This inventory sits atop a market for existing-home sales that this January reached an annual pace of 4.5 million units. Moody’s Zandi, for one, finds particularly worrisome the recent $26 billion settlement of charges, alleging malpractice in home foreclosures, reached by 49 state attorneys general and the five largest lenders and mortgage servicers in the U.S. If nothing else, as a result of this, the shadow inventory will hit the home market far faster than it would have otherwise.

“While I feel better about U.S. home prices than I have in six years, I do think that a pickup in foreclosure and short sales could push U.S. home prices down another 5% this year, before the market bottoms next spring,” says Zandi. (In a short sale, the lender and homeowner agree to sell the home at a loss with the proceeds going to the lender in lieu of an actual foreclosure.)

Others are more sanguine.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Eleven forecasters surveyed this year by the Federal Reserve Bank of Philadelphia predicted, on average, that the Case-Shiller National Index would fall by just 0.2% this year—and that it would rise 1.2% in 2013. Even if the decline were to reach Zandi’s 5% level in 2012, it would be off such a low price base as to be almost imperceptible.

If the market bottoms out early next year, as Barron’s expects, any recovery is liable to be somewhat tepid for a while. Buyer psychology has been shredded by the housing bust: The notion of housing as investment, rather than shelter and a wasting capital good, has been destroyed. Meanwhile, lots of sellers, anxious to downsize or liquidate, remain in the wings, ready to pile into the market at the first sign of a rebound.

A pricing model recently developed by Goldman Sachs predicts a rise in nominal prices of a cumulative 30% over the next 10 years, for a real return of 1% annually, after adjusting for inflation. But if tax changes like the elimination of deductibility of mortgage interest materialize, long-term appreciation in home prices could hew more closely to inflation, with little in the way of real returns.

NONETHELESS, THE POSITIVES these days outweigh the negatives.

Take the daunting 3.7 million homes that Moody’s estimates is in the shadow inventory. Zandi points out that this foreclosure pipeline has been steadily shrinking since its peak of 4.53 million homes in the first quarter of 2010. The decline is primarily a result of a precipitous drop in loans entering the foreclosure channel.

The 30- and 60-day early-stage delinquency rate has been dropping like a stone for several years because of tightened mortgage-underwriting standards.

Likewise, Zandi expects that the shadow inventory could be reduced by at least 700,000, thanks to recent changes in Uncle Sam’s Home Affordable Modification Program to encourage lenders to reduce the principal on loans in early-stage default.

He also expects investment demand from all-cash buyers for homes in hard-hit areas like Nevada, Arizona, California and Florida to take lots of properties out of the shadow inventory. Rising rent rates make the strategy appealing to buyers seeking attractive cash returns while they await a turn in the market.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Federal Housing Finance Agency, which regulates Fannie Mae and Freddie Mac, is also encouraging them to make bulk sales to investors of their large portfolios of foreclosed properties.

CoreLogic’s chief economist, Mark Fleming, thinks that the size of the true shadow inventory—the number of homes that will reach the market as distressed sales—totals only about 1.6 million. Such transactions, which accounted for 28% of all existing home sales in December, won’t return to the record 33% they hit in February 2011, he adds.

The demand for housing could pick up markedly in the years ahead, just from population growth, or, in census lingo, household formation.

The Great Recession of 2008-09 sparked a collapse in household formation, as adult children postponed striking out on their own or moved back to their parents’ homes after losing, or failing to find, jobs.

The household-formation rate plummeted to 300,000 during 2008, from more than 1.7 million in 2005. But the Canadian economic research outfit BCA sees the U.S. rate surging to its historic annual average of around 1.3 million in the years ahead, boosting the demand for rental apartments first and then spilling into the housing market. BCA reckons that five million new households will have to be formed simply to return the ratio of households to population to normal levels.

Perhaps no one knows more about residential real-estate price trends then Yale economist Robert Shiller, the co-creator of the Case-Shiller indexes. He has studied prices going back many years, including those in one neighborhood in Amsterdam that has been around for literally centuries.

While he’s reluctant to predict definitively when the U.S. housing bust will end, he points to one leading confidence indicator that appears to be signaling a market turn—the National Association of Home Builders/Wells Fargo Housing Market Index.

This monthly survey seeks to capture shifts in builders’ perceptions of current and future market conditions and buyer traffic. The index has been on a tear of late, rising five months in a row and to its highest level since 2007. Home-builder stocks likewise have blasted off since the October 2011 stock-market low, with Beazer Homes (ticker: BZH) up some 167%, Toll Brothers (TOL), 81%, and the SPDR S&P Homebuilders exchange-traded fund (XHB) up 74%.

This confidence index, Shiller notes, topped out almost seven years ago, in the very month that he boldly predicted in a Barron’s article that the U.S. home market was on the verge of a monumental collapse that would see prices fall an inflation-adjusted 50% (“The Bubble’s New Home,” June 20, 2005).

“It’s amazing how on target that prediction was, since nationally the market is already down 40% in real terms,” Shiller said in a recent telephone interview.

The Yale economist isn’t sure why the builder-confidence reading has been such a good leading indicator. After all, the market for new homes even in strong years never accounts for more than 20% or so of all sales; existing houses and condos account for much more. And lately, the figure has sunk to around 6%. Perhaps home builders have a deeper insight into potential buyers’ psychology—although if their grasp of market conditions were that good, many of them wouldn’t have gone belly-up during the bust.

The Obama administration certainly hopes that housing is on the verge of a turn. So do the host of homeowners anxious to unload their properties. One very positive sign: The inventory of new and used homes is around a six-month supply, a decline from the peak in 2008 of more than 10 months.

That bodes well for continued economic recovery and could win President Barack Obama another four years in the White House. But for baby boomers who once hoped to retire on the proceeds of selling a home, the best advice may be: Don’t quit your day job.

 

 

Brian Sly

 

President

Brian Sly and Company, Inc.

Registered Investment Advisor and Consulting Corporation

73 Scenic Drive  |  Orinda, CA  94563

 

Old Greenwood is currently offering exceptional fractional real estate opportunities and for the first time an Annual Golf Pass at Old Greenwood and The Golf Club at Gray’s Crossing.

Fractional Home Offerings

The available supply of homes for sale in the Tahoe region has fallen nearly 50% since this time last year, as many families have taken advantage of remarkable deals in local real estate.

Similarly, 76 fractional ownership units were snapped up at Old Greenwood in 2011, leaving relatively few remaining properties. However, a small number of remarkable values exist both through the Developer and on the secondary market, offering an extraordinary opportunity to own in Lake Tahoe’s premiere year-round resort community.

Take advantage of this limited opportunity by purchasing one of only seven remaining two-bedroom townhomes from the Developer and pay only $10,000. Choose your primary use period from available weeks in January, February, or March.

As an additional bonus, each of the next ten buyers to purchase directly from the Developer will be entered into a drawing to win $10,000 cash – that is a 1 in 10 chance at $10,000!

Please contact Old Greenwood for details and availability at (530) 550-7060 or info@oldgreenwood.com.

 

Enjoy Unlimited Golf at Lake Tahoe

For the first time, Tahoe Mountain Club is offering an Annual Golf Pass to play unlimited golf at Old Greenwood and The Golf Club at Gray’s Crossing. The Golf Pass is available to the Public or as an upgrade to Tahoe Mountain Club Membership.

2012 Annual Golf Pass Rates Individual – $2,950 / year for Public — $1,500 / year for TMC Member Couple – $3,950 / year for Public — $2,000 / year for TMC Member Family – $4,950 / year for Public — $2,500 / year for TMC Member

Annual Golf Pass holders enjoy the following benefits: Unlimited Golf at Old Greenwood and Gray’s Crossing (cart fee only) Unlimited practice at Old Greenwood Member rates for up to 7 accompanied guests Bag storage at Old Greenwood or Gray’s Crossing Day use locker at Old Greenwood 20% discount on private lessons, adult golf schools and clinics at The Golf Academy Special Passholder events NCGA Membership/handicap *3 Free Early Season Guest Rounds when Pass is purchased by March 15th

 

Chase’N Around Lake Tahoe December 2011 Monthly Newsletter

Chase’N Around Lake Tahoe
December 2011

 

QUICK LINKS
 
 
Wealth:
 
 
Luxury Real Estate:
 
 
 
 
 
  
Real Estate:
 
 
Community:
 

 

Downhill Ski Areas:
 

 

X-Country Ski Areas:
 

IN THIS ISSUE

:: Market Statistics
:: Real Estate Articles
:: Featured Property for Sale
:: Luxury Rental
:: Community Spirit
:: Local Holiday Events of the Month

:: Featured Restaurant

 

November-Year End Pending and Sold Stats 

12 Pending sales and 8 Sold properties from $10,000,000 – $1,000,000

13 Pending sales and 9 Sold properties from $999,000 – $700,000

28 Pending sales and 43 Sold properties from $699,000 – $400,000

 

Western Mountain Resort Alliance Stats

village at sv
 
These are stats of the Western Mountain Ski Resort Areas, Including Tahoe from January to September 2011
Placer superiors reject appeal on Homewood ski resort expansion by environmental

groups …Read More

Homewood Mountain Resort made key adjustments to the master plan such as reducing the project size, moving the location of several buildings within the resort, and adding additional environmental monitoring requirements over the next 20 years to ensure the project terms are honored.  Read More Here

 

 

California has 7.4% Increase in Homes Sales

The National Association of Realtors recently released their 2011 3rd Quarter Housing Report. In the report, they showed that combined sales of single family homes, condos and co-ops increased in EVERY state as compared to the 3rd quarter of last year.

Click Here for State by State Increase Totals

dream homes

Click Here to View the Current Issue of Dream Homes International Digital Magazine

 

Featured Property

  

Resort at Squaw Creek Penthouse Unit!
Owner Financing Available!

Click Here for More Information 

 

Live life to the fullest perched on top of it all in this penthouse Resort at Squaw Creek unit. It priced at a fraction of the price which it originally sold for and seller wants an offer. Two story unit with the master bedroom faces the mountains. Washer and dryer. On rental program. Take the elevator down, walk out to the chair lift and go skiing . . .What more can you ask for?

  Holiday Rental

Squaw Valley USA
Located in Squaw Creek Estates. 5 bedrooms, 5.5 bathrooms. Fine detail and Mountain Views.

 INTRODUCING CONSTELLATION AT NORTHSTAR

Lake Tahoe’s most luxurious, ski-in/ski-out full-ownership residences

Constellation at Northstar offers superb design, privileges, amenities and services – and presents arguably the rarest, full-ownership luxury opportunity at Lake Tahoe. This is a special collection comprised of only 17 superbly designed and furnished two- to four-bedroom residences. Located within the Ritz-Carlton Club building at Northstar, each turn-key home offers one of Tahoe’s only true gravity ski-in/ski-out locations with all the Ritz-Carlton amenities and privileges. As realtors, we will be able to preview these units on the 20th of December.   If you have any interest, be sure to let us know.

 

Got Snow?!

 Some Resorts do…

   Boreal Mountain Resort – 18-24′

Squaw Valley USA –  3′

Kirkwood – 11′

Sugar Bowl Ski Resort – 20-22′ 

Northstar – 18-26′

 

 

  

December 17th

                     Snow Gods Ball

Put on your best retro outfit and get your party on. Proceeds from the Snow Gods Ball goes to the Avalanche Education Fund. You’ll not only be having a good time, you’ll be supporting a good cause. Tickets are $15 in advance or $20 at the door. Come on out and dance to live music by Love Fool.

December 17th – 31st

Rotary Santa Sled Day at Granlibakken Resort

12:00 pm to 4:00 pm Santa will arrive by fire truck at Granlibakken Resort in Tahoe City for an afternoon of free sledding, hot chocolate & hot dogs for children pre-school to 9 years old. Each child will also receive a gift from Santa’s elves. tahoecityrotary.com

December 17th – 24th

Northstar Holiday Festivities 

Village-at-Northstar. 12 to 2:30 pm. Sleigh rides. Live music and photos with Santa Sat & Sun.

December 23rd

Holiday Fridays Downtown Truckee

5-8 pm snow or shine. The Downtown Merchants and Town of Truckee have teamed up to make your holiday shopping easier. With free parking starting at 3:30 pm. Downtown Merchants open until 8 pm. Join the merchants for a warm sip and a sweet nibble.

 

 Holidays at Squaw Valley

December 17 – January 1

 

There’s nothing like spending the Holidays in the mountains. During our two week celebration the mountain and Village come alive with Holiday cheer.

 

Find Santa in the Village or even on the slopes! Take in the annual Christmas Eve Torchlight Parade while sipping hot cocoa next to a warm fire pit. Families can ring in the New Year at High Camp. Adults can stay late and party like it’s 2012 in the Olympic House. squaw.com

New Year’s Eve Dinner

December 31st

Homewood, Lake Tahoe

West Shore Café hosts a New Year’s Eve dinner with a prix-fixe holiday menu, champagne, party favors and live music. Family reservations from 5:30 to 6:30 p.m. for all ages for $75 adults, $25 children. Party reservations from 7:30 to 8:30 p.m. for adults only are $100 and includes noisemakers, post-dinner live music and a complimentary glass of champagne for the New Year’s toast. Reservations (530) 525-5200.

 

Northstar, Truckee

Ritz-Carlton hosts a dinner at Manzanita with early seatings from 5 to 6:30 p.m. with a special a la carte menu, and a buffet available from 6 to 9 p.m. in the Pines Ballroom for $95, $35 ages 4 to 10, free under 4. Or, enjoy a special four-course menu from 8:30 p.m. to 1 a.m. with a champagne toast, music, party favors and dancing. Reservations (530) 562-3000.

 The very best investment is the time spent with friends & family!

 

Wishing you peace and harmony in this joyful season and good fortune in the coming year.

xmas

Trinkie Watson, CIPS,CLHMS 

David Gemme, CRS

530.582.0722 Office

chasen@chaseinternational.com

chase logo

 

Grand Opening!
Chase International Squaw Valley Office in the Village!
Contact Us for more Info.

Chase’N Around Lake Tahoe October 2011 Monthly Newsletter

Chase’N Around Lake Tahoe
October 2011

 

QUICK LINKS
 
 
Wealth:
 
 
Luxury Real Estate:
 
 
 
 
 
  
Real Estate:
 
 
Community:
 

 

Downhill Ski Areas:
 

 

X-Country Ski Areas:
 

In This Issue

:: Market Statistics
:: Real Estate Articles
:: Featured Property for Sale
:: Luxury Rental
:: Community Spirit
:: Local Events of the Month & Future
:: Featured Restaurant

 

September-October Pending and Sold Stats 

28 Pending sales and 16 Sold properties from $10,000,000 – $1,000,000

14 Pending sales and 17 Sold properties from $999,000 – $700,000

48 Pending sales and 52 Sold properties from $699,000 – $400,000

 

 Squaw Valley USA and Alpine Meadows Ski Area Combine!

sv am

Squaw Valley and Alpine Meadows are combining operations. Between the two resorts, Wirth said guests will be able to access more than 6,000 skiable acres, providing “more value, more terrain, more variety.” The two resorts are between Truckee and Tahoe City on the lake’s north shore, about 45 miles west of Reno and 100 miles northeast of Sacramento. They share a common ridgeline but are not connected by ski lifts.

 Click Here to Read More

Mortgage Rates at All Time Lows…dwn graph

Mortgage rates hit historic lows on Thursday, falling below 4 percent for the first time since Freddie Mac started keeping track in 1971.

The average rate for a 30-year fixed was 3.94 percent for the week ended Thursday, it said. The average 15-year rate was 3.26 percent.The bad news is that only a small pool of borrowers can qualify to take advantage of those cheap mortgages – and many of them have already done so during the past months of falling rates. Read More

schaffer

Schaffer’s Mill, final opportunity to take advantage of the low $1000 Enrollment Fee (and delay any dues payments until May of 2012!). Click Here to Read More 

  Contact Trinkie or Dave for more info.

 Featured Property

   rsc

Resort at Squaw Creek Penthouse!

Just Listed!

Click Here for More Information 

Live life to the fullest perched on top of it all in this penthouse RSC unit. It priced at a fraction of the price which it originally sold for and seller wants an offer. Two story unit with the master bedroom faces the mountains. Washer and dryer. Unit Grossed $47,510 in 2010 on the rental program. Take the elevator down, walk out to the chair lift and go skiing . . .What more can you ask for?

 3061  Four Seasons Lodge

Ski Lease
Located in Squaw Creek Estates. 5 bedrooms, 5.5 bathrooms. Fine detail and Mountain Views.

cancer center

Once in a Lifetime Opportunity!

The Circle of Life is a beautiful work of art, comprised of inlaid stonework, which will greet our patients in the entryway of the new Tahoe Forest Cancer Center. This eight-foot Circle of Life represents our community of generosity with 520 naming opportunities. The goal of this unique artwork is to embrace our patients with the knowledge that they are supported by our community with hope and positive energy as they seek treatment and wellness. We invite you add your name (or the name of a loved one) in the Circle of Life. The deadline to secure your space is October 28, 2011 Click Here to Read More

Pictures from Keoki Flagg of “The Push” Paddle event at Our Listing 4850 N  Lake Blvd. on Lake Tahoe!

push event

 This four-day paddle was a training mission for the team as they prepare for their South Pole expedition in January 2012. “Paddling Lake Tahoe is a soulful experience,” said Davis. “You’re completely surrounded by snowcapped peaks while sitting atop tranquil waters so clear that you can literally see 75 feet down. But the lake also makes for a fantastic cross-training venue as we’ll be paddling approximately 96,800 paddle strokes, just more than half the 176,174 estimated pole pushes it will take to trek 100 miles across the frozen landscape to the South Pole.”  http://southpolepush.com/

chair

 lake

 

harvest festival
farmers market

TUESDAYS

Truckee:  River Regional Park

 10500 Brockway Rd off Hwy 267

Ends October 11, 8am – 1pm

  

THURSDAY’S

Tahoe CityCommons Beach
Commons Beach Road & N. Lake Boulevard
Ends October 13th, 8am – 12noon

 

 

Disabled Sports Far West 22nd Annual

ff

Gourmet Dinner & Specialty Tasting with Brewmaster Presentation 5:30-7:00pm then join the fun until 10:30pm

Click Here for More Info 

invite

Want to Attend? Click Here to Contact Us

rubicon

 Rubicon Collection

pink party

Buy Tickets Online! Click Here!

 

4th Annual San Francisco Ski and Snowboard Festival by Snowbomb 

ski fest

November 4th & 5th

 www.sfskifest.com

 

Want FREE tickets?  Contact Us

uncorked logo

Check out this German Find for Octoberfest –
Becker Estate Pinot Noir 2009 Friedrich Becker Estate Germany

WINE TASTING EVERYDAY!
Taste 3 unique and delicious wines for $10

Uncorked at Squaw Valley

COMING SOON!
Chase International Squaw Valley Office in the Village!  Stay Tuned…..
 
trinkie and daveTrinkie Watson, CIPS,CLHMS 

David Gemme, CRS

530.582.0722 Office

chasen@chaseinternational.com

 

chase logo

 

Chase’N Around Lake Tahoe September 2011 Monthly Newsletter

Chase’N Around Lake Tahoe
September 2011

 

In This Issue

:: LakeTahoe-Estates.com
:: Market Statistics
:: Real Estate Articles
:: Featured Property for Sale
:: Luxury Rental

:: Community Spirit
:: Local Events of the Month & Future
:: Featured Restaurant

 

lake tahoe estates com

www.LakeTahoe-Estates.com

 

 

August-September Pending and Sold Stats 

15 Pending sales and 12 Sold properties from $1,000,000 – $10,000,000

17 Pending sales and 7Sold properties from $700,000 – $999,000

68 Pending sales and 35 Sold properties from $400,000 – $699,000

Lakefront Statistics for
January – September 2011

North-West Shores = 10 sold, 6 in escrow ($7.1 listed, in escrow, the highest)

Incline Village – 1 sale $9,050,000

East Shore – 7 sales – $9,400,000 highest

South Lake Tahoe – 1 sale – 2,630,000

Overall, 19 sold with $9,4 the highest; 6 more in escrow.

 Chase logo

 August Supply and Demand Chart

August Sales Price vs List Price

Luxury and Vacation Homes Are Selling12565 Settlers

by The KCM Crew on September 2011

It has been a trying time for most segments of the real estate industry. However, two areas that are showing improvement are the luxury home and vacation home markets. It seems that people in these segments are again beginning to purchase. Click Here to Read More.

lgc

 

Golf Membership Changes

The Board of Directors and Lahontan owners voted to reduce the transfer fee paid to Lahontan on the sale of a membership to $10,000. This means that golf memberships can be purchased for that amount by property owners and non-property owners alike. The annual dues are $13,400. Once the back log of available memberships (these are memberships that are in line to be sold by prior owners) has dissipated and the price of memberships goes up, then the transfer fee will be 25% or $10,000, whichever is more. The club is selling the oldest on the books first.   Social memberships are available only to Lahontan property owners. Golf memberships include access to all the amenities. If you have further questions, call the Lahontan Golf Club admin office.

lahontangolf.com

 

schaffer

Click the link below and read the newsletter to find out about club updates, activities and newly announced amenities that make Schaffer’s Mill and exciting addition to the Tahoe and Truckee real estate scene 

 

Summer Newsletter 

 Contact Trinkie or Dave for more info.

 

qr code featured properties
This is a QR code for Featured Properties on our website

  What is a QR Code?

 

You have probably seen this square in a magazine and other places around town. A QR code (abbreviated from Quick Response code) is a specific matrix barcode (or two-dimensional code) that is readable by dedicated QR barcode readers and camera telephones. The code consists of information encoded that may be text, URL, or other data. We are implementing this code to our featured properties to allow our prospects to get more information through their phones. Read More…

Featured Property

  tahoe real estate

Buckhorn Ridge Manor!

Just Listed in the Gtaed Community of the Meadows in Truckee.

Click Here for the Virtual Tour 

Get Away from it all at The Buckhorn Manor, a fabulous property located on 7.8 acres with expansive views or Mt Rose and the Truckee River canyon. It is one of the finest quality homes in Truckee with grand living spaces, fine craftsmanship, exotic woods and hand hammered iron work in every detail. This property is a MUST SEE and truly a one of a kind opportunity. Perfect for a corporate retreat, family estate, or legacy property. 25 miles to the Reno Airport, Minutes to Truckee and the Ski Areas.

 

3061  Luxury Home in Squaw Valley USA

  Broken Arrow Lodge
Located in Squaw Creek Estates. 5 bedrooms, 5.5 bathrooms. Fine detail and Mountain Views.
tfhcc

Tahoe Forest Hospital Cancer Center Truckee

The Tahoe Forest Cancer Center is committed to providing the highest quality of care to our patients

 

www.tahoecancercenter.com

 

 

 Help us Support High Fives Non Profit Foundation…

The Push - A South Pole Adventure

The Push – A South Pole Adventure

Using custom designed sit skis, two adaptive athletes, along with their committed guides, will push themselves 100 miles to the South Pole, reaching their destination on the 100th anniversary of the first explorers to travel to the South Pole. Brutal elements, demanding topography and presumed physical limitations are just some of the challenges they face.

http://southpolepush.com/

lake tahoe marathon

The 16th Annual Lake Tahoe Marathon Schedule of Events

tahoe century September 24th

Saturday

 

The Tahoe Sierra Century Ride has earned praise for its scenic routes, challenging hill climbs (60 and 100 mile routes), full support services, great food and incredible music. We look forward to making the 2011 ride an enjoyable, memorable experience for all. tahoesierracentury.com

 

farmers market

TUESDAYS

Truckee:  River Regional Park

 10500 Brockway Rd off Hwy 267

June 7th – October 11, 8am – 1pm

  

THURSDAYS

Tahoe CityCommons Beach
Commons Beach Road & N. Lake Boulevard
May 26th – October 13th, 8am – 12noon

 

4th Annual San Francisco Ski and Snowboard Festival by Snowbomb 

ski fest

November 4th & 5th

 www.sfskifest.com

 

Want FREE tickets?  Contact Us

wsc

 

The West Shore Café is located on the shores of Lake Tahoe

‘End-of-Summer’ Special: guests save 25 percent on all guest rooms and suites now through autumn. The West Shore Cafe’s new Happy Hour will run from 3 – 5 p.m., Sunday – Friday, with half-price specialty cocktails, including the local’s favorite Pomegranate Mojito.

West Shore Cafe

 The Chase International Office in Tahoe City has moved!  We are now by the Tahoe Yacht Club and Marina.  700 North Lake Blvd.  Come by
and see us sometime!

tc

chase

trinkie and dave Trinkie Watson, CIPS,CLHMS 

David Gemme, CRS

530.582.0722 Office

 

chasen@chaseinternational.com

 

Are Luxury and Vacation Homes Selling?

Luxury and Vacation Homes Are Selling

by The KCM Crew on September 2011

It has been a trying time for most segments of the real estate industry. However, two areas that are showing improvement are the luxury home and vacation home markets. It seems that people in these segments are again beginning to purchase.

Vacation Homes

Last week Market Watch published an article discussing the vacation home market. Dan White, president of Daniel A. White & Associates, a wealth-management firm in the Philadelphia area, was quoted in the article.

“A lot of people are worried about the [stock] market today because of the volatility and the fact we could be going into a double-dip recession. They’re looking for other avenues. Real estate, if we’re not at the bottom [in prices], people think we’re pretty darn close.”

The article also explained some purchasers are seeing this as an opportunity to buy a vacation/retirement home:

“Some baby boomers are seizing an opportunity to get a deal on a vacation home they can enjoy now but that’s also a home that eventually will become their primary residence when they retire.”

Luxury Homes

Along with the vacation home market, the luxury market has also made a comeback. HousingWire reported on the luxury market last month:

“In the nation’s top 20 markets, million-dollar property sales rose 18% in 2010 with a 21% increase in California, said Laurie Moore-Moore, CEO of The Institute for Luxury Home Marketing, a Dallas-based firm…

In Miami, 517 properties sold for $2 million or more during the first seven months of 2011, up nearly 16% from a year earlier.”

Bottom Line

If you are in a position to move-up to the home of your dreams or have been thinking about a vacation home for the family, now might be the time to make the move.

Chase’N Around Lake Tahoe July 2011 Monthly Newsletter

 

Chase’N Around Lake Tahoe
July 2011

In This Issue:: LakeTahoe-Estates.com
:: Mid Year Stats for Tahoe & Truckee
:: Real Estate Articles
:: Featured Property for Sale
:: Luxury Lakefront Rental
:: Community Spirit
:: Local Events of the Month & Future
:: Featured Restaurant 

lake tahoe estates com
sold statsClick Here for More on the 2011 Mid Year Stats

The 2nd Quarter Stats are Here!

Properties Sold between January 1st and June 30th for all Areas…Incline Village, Truckee, Tahoe City, etc.

Click Here for the 2011 2nd Quarter Sold Stats

 

June-July Pending and Sold Stats

18 Pending sales and 7 Sold properties from $1,000,000 – $10,000,000

9 Pending sales and 10 Sold properties from $700,000 – $999,000

38 Pending sales and 37 Sold properties from $400,000 – $699,000

martis camp 

Summer Camp for Adults!

Martis Camp is one of those places where it’s really easy to envision yourself living the (really, really, really) good life. It’s like where the other half of the 1 percent live, but not in a Donald Trump gilded and tacky kind of way that drips of new money and third wives with trout-like lips and big, expensive labels pasted on their purses and butt pockets. Read Full Article

Forecast: 15 top-performing real estate markets for remainder of 2011

Despite Q2 uptick, overall home prices expected to dip further by year’s end.  BY INMAN NEWS, U.S. home prices rose slightly in the second quarter, but ultimately fell in the first half of the year and are likely to fall further in the second half, according to a report from data and valuation firm Clear Capital, released today. The firm’s Home Data Index fell 3.2 percent between fourth-quarter 2010 and second-quarter 2011, despite a 0.9 percent increase in the second quarter from the first quarter. Prices are expected to fall another 2.4 percent by year-end. Since June 2010, home prices have fallen 8 percent overall, the report said.  upRead More…

qr code featured properties
This is a QR code for Featured Properties on our website

What is a QR Code?

You have probably seen this square in a magazine and other places around town. A QR code (abbreviated from Quick Response code) is a specific matrix barcode (or two-dimensional code) that is readable by dedicated QR barcode readers and camera telephones. The code consists of information encoded that may be text, URL, or other data. We are implementing this code to our featured properties to allow our prospects to get more information through their phones. Read More…

Featured Property

4812 N lake

Opportunity!

Just Listed on the North Shore of Lake Tahoe

Click Here for the Virtual Tour

Opportunity! 200′ on water, pier, 2-bay boathouse, 3 lifts (2 in, 1 out), 4 buoys. Built in 1986 this property offers 6-bedrooms, 5.5 baths in the main house; Built in the 1920s is a 3 bedroom, 2 bathroom charming cabin with lots of light. There is a path between the homes that are on 2 parcels.

5680 Agate Bay Summer Rental

“Family Fun in Carnelian Bay”

5 bedrooms, 3.5 bathrooms. Private deep water pier & buoy on Lake Tahoe. Gated and fenced in property.
CELEBRATING 39 YEARS OF ACCLAIMED THEATER AT ONE OF THE NATION’S MOST BREATHTAKING LOCATIONS…  

This summer starting July 15th, the Lake Tahoe Shakespeare Festival presents Shakespeare’s comic masterpiece, TWELFTH NIGHT – an exhilarating production that features beautiful costumes, lavish sets and one of the most talented professional acting companies in the West!  www.laketahoeshakespeare.com

shakespeare

art

July 16th & 17th

Satuday & Sunday

Squaw Valley’s base village will burst with color, taste, and sound as fine artists, craft makers and classical guitar musicians from all over the region participate in this event. www.squaw.com

lake tahoe music festival 

29th Lake Tahoe Music Festival Kicks Off on Thursday July 21st

This summer, the largest summer cultural event benefiting the local communities will be held exclusively in the Village at Northstar™.  Grammy-award winning Blues Traveler will kick off the event and Grammy-award winning recording artist Michael Bolton will round out the line up on August 4 & 25. Combining diverse music with the beauty of the Sierra Nevada in a spectacular village setting, the Lake Tahoe Music Festival is an iconic Tahoe summer event you truly have to be there to feel.  Thanks for your support and we hope you enjoy the show! www.tahoemusic.org

Saturday & Sunday July 23rd & 24th

truckee rodeo

www.TruckeeRodeo.com

sq logoSummer Events at Squaw Valley USA

FREE Bluesdays
6:00 PM to 8:30 PM ~ blues concerts at The Village at Squaw Valley, every Tuesday throughout July and August
FREE Outdoor Movie Series
A different movie shows at dusk, every Thursday through August

 

farmers market 

TUESDAYS
Truckee:  River Regional Park

10500 Brockway Rd off Hwy 267

June 7th – October 11, 8am – 1pm

Kings Beach:  Kings Beach SRA
Highway 28 at Bear Street
June 14th – September 6th, 9am-1pm

THURSDAYS

Tahoe City: Commons Beach
Commons Beach Road & N. Lake Boulevard
May 26th – October 13th, 8am – 12noon

Truckee:  Historic Downtown

Donner Pass near the train station

June 16th – August 25th, 4pm

best of truckeeClick Here to Cast Your Vote for The Best OF…
garwoods 

Garwood’s on the Lake

Wet Woody Wednesdays!

$5.25

All Day, All Night, All Summer Long!

Deck is Open so Come by Boat!

www.garwoods.com

trinkie and dave  

Trinkie Watson, CIPS,CLHMS

David Gemme, CRS

530.582.0722 Office

 

www.LakeTahoe-Estates.com

chasen@chaseinternational.com

 

Boulder Bay Project Approved in Carnelian Bay, Ca.

Controversial Boulder Bay project OK’d, Biltmore is gone

Posted by admin in Featured Articles, News on April 28th, 2011 | 2 responses

By Kathryn Reed

KINGS BEACH – Depending on who one listens to, the Boulder Bay project is either going to be the gold standard for redevelopment in the Lake Tahoe Basin or will be the worst thing to ever be approved by the Tahoe Regional Planning Agency.

On a 12-1 vote, the Governing Board on April 27 approved the more than $150 million project. Mara Bresnick voted no on everything concerning the project. (Board member Byron Sher left before the vote, but said before he left that he would have voted no.)

Boulder Bay is designed to revitalize Crystal Bay. Boulder Bay is designed to revitalize Crystal Bay.

The multi-phase project will obliterate the outdated Tahoe Biltmore in Crystal Bay and in its place will be the Boulder Bay Resort & Wellness Center. This is the brainchild of Roger Wittenberg, who made his money as co-founder of Trex Company.

As the last of the 80 people who commented on the project during the public hearing Wednesday, Wittenberg told the board that after four years of back-and-forth with the TRPA, he is not going away. He encouraged the board to approve the project unanimously to send a message to the naysayers. While he didn’t get that, he can now move forward.

“There will be two phases, with the bulk of the utilities, BMPs, new roads, and major concrete pour in the first phase,” project manager Brian Helm said. This allows the existing facility to keep operating.

In a perfect world, construction could begin in May 2012, though with paperwork (aka permitting process) that still needs to occur, dirt may not be turned until 2013.

The first phase is likely to take two seasons – which in the basin is May 1-Oct. 15 in terms of being able to move dirt.

What was approved was the final environmental impact statement, an amendment to Chapter 22 of the TRPA rules regarding height of buildings, and acceptance of the Community Enhancement Project.

Eight structures will be built. The number of hotel units will go from 111 to 275 at the end of build-out. Fifty-nine units will be whole ownership. Fourteen will be affordable housing – with another 10 units also designed for employees to be constructed off-site.

As a sign of the decline of gaming in the region, the area devoted for gambling will drop from 22,400 square feet to 10,000.

The four casinos in the Crystal Bay corridor – like their counterparts on the South Shore – are outdated. The North Shore gaming venues were built in the 1930s and ’40s.

Sticking points

Of the 80 people who voiced their opinions Wednesday, 58 were for the project, 16 against and six were in the middle.

The League to Save Lake Tahoe voiced its displeasure with the project mostly in terms of overall size and the height amendment.

Rochelle Nason, executive director of the League, told Lake Tahoe News her group will gather and debrief – as they do with all decisions like this one.

While Nason was at the meeting, a staff member spoke on behalf of the League during the public hearing.

Most of the people who had mixed feelings about Boulder Bay shared the League’s concerns.

Passion ran strong from all sides, though it was civil discourse. The morning presentation on the project took three hours. After lunch the public spent about four hours giving input. Then the board deliberated for more than three hours before the vote was taken.

With minutia to detail, the board took a break at 8:22pm, resuming at 8:43pm. The votes were taken at 9:25pm with adjournment right after that.

While the height issue received much discussion, it was repeatedly pointed out that the amendment could only be applied to other projects in this community plan area – not universally throughout the basin.

This is an important fact because the Homewood project that is also in the TRPA process wants to be granted a height variance.

Some of the problem is how TRPA measures the height of buildings. The controversy is when a structure is built on a slope. Instead of measuring from the foundation to the roof at each spot, height is essentially calculated by the lowest point to the highest point.

Traffic was another major sticking point. The environmental document says vehicle miles traveled will be reduced. Many who spoke took issue with how this statement came to be.

VMT is a huge component of air quality measurements.

Mixed use is designed to reduce vehicle miles traveled. This is because people have what they want in one place instead of needing to make multiple stops.

But one could easily argue casinos by nature are mixed use based on being a hotel, casino, having restaurants and sometimes a spa – meaning this new project may not change how people travel to the site on Highway 28.

About an hour was spent by the board discussing how traffic studies are done, what goes into them, the standards of the studies and validity of them.

What the public wanted to know is how Wittenberg wants to increase patronage with a new complex, but traffic will be less. That question was never answered.

Although Boulder Bay has to put money into public transit, it’s a well-known fact people who live and visit the basin like to drive their cars. This was obvious by the full parking lot at North Tahoe Event Center and lack of carpooling.

Another concern was the transfer of tourist accommodation units – including 72 from the old Colony Inn in South Lake Tahoe to Boulder Bay.

Some guarantees

The failed convention center project in South Lake Tahoe that has left the South Shore with a more blighted eyesore of concrete and rebar than the rundown buildings that had been there before was repeatedly brought up.

No one wants another hole in the basin. To help combat that, Wittenberg is going to have to prove he has financing before he can break ground.

Another bone of contention is erosion control measures (best management practices) have only been temporary since Wittenberg bought the property a handful of years ago. The reasoning being he would have to undo those as construction took place.

Board member Clem Shute proposed changing the five-year mandate to have a bond to fund BMPs to be extended to 20 years. This is to ensure that if the project goes belly-up, the property owner is still doing the basics to keep sediment from going into the lake. This was added to the requirements.

When the project is done, it will reduce the amount of sediment reaching Lake Tahoe by 90 percent – going to 3,500 pounds a year.

Another thing the project will do is bring jobs to the area. It’s estimated Boulder Bay will employ more than 200 people.

Home Gets A $25 Million Price Cut

Hilfiger Co-Founder’s Home Gets A $25 Million Price Cut Home prices around the country have taken another round of beatings lately, with national home values having dropped more than 30% now from the 2006 peak. The ultra luxury end of housing has felt those price plunges too, with multi-million dollar homes cutting prices by the millions. One Lake Tahoe, Nev. estate is even shaving $25 million off its asking price. Tranquility estate, owned by Tommy Hilfiger co-founder Joel Horowitz, first hit the sale block in 2006. The asking price? A hefty $100 million, crowning it one of the most expensive for sale properties on the U.S. market. Nearly five years later, with no billionaire takers coming to the closing table, the former CEO is finally slashing that nine figure price tag by 25%. It’s now asking $75 million. “He wanted to get in line with what has happened in the real estate market,” says Sue Lowe, a Chase International agent who represents the property alongside Chase International CEO, Shari Chase. “He’s eager to sell it and he knows that due to the economy, prices have come down and he has to match it.” The estate grounds, once briefly owned by entertainer Wayne Newton, were bought by Horowitz and his wife in 1997. They set to work constructing a luxury home owners’ fantasy on the blank land. The result is an opulent 20,000 square foot mansion overlooking Lake Tahoe from 210 acres. Tranquility’s main residence borrows designs from a handful of places. The main staircase is a replica of the Titanic’s staircase, complete with domed ceiling; a cigar lounge takes direct inspiration from New York’s St. Regis Hotel; and the library’s marble floor pattern hails from the New York Public Library. The dining hall touts 17th Century plank flooring pulled from a French property and a hand painted ceiling mural displaying indigenous Lake Tahoe fauna. The estate’s acreage boasts panoramic views of Lake Tahoe, a private lake of its own and seven additional buildings, including an art studio, boat house pavilion with docks on both sides, gymnasium with indoor basketball court and horse stable. There are two par-3 golf holes and a 16 car garage. An indoor pool sits on the estate as does a 3,200 bottle wine cellar. Lowe expresses high expectations for a buyer as it is “an incredible value at this price,” since there is “no way to replicate a property like this at this price.” The land alone is hard to come by: over 80% of the entire Lake Tahoe Basin is owned by some sort of governmental agency. Tranquility’s hefty parcel helps justify a considerable chunk of the property’s (still) sky-high price tag. As their primary residence, Horowitz and his wife call the northern European mountain-styled estate home. It sits nearly a mile off the road in Zephyr Cove, a ritzy area on the tax-free Nevada side of the lake that has long been flocked to by wealthy West Coasters.

Chase’N Around Lake Tahoe May 2011 Monthly Newsletter

 

Chase’N Around Lake Tahoe May 2011 Monthly Newsletter

 

 

In This Issue

:: LakeTahoe-Estates.com
:: Ski Area Market Recap
:: Real Estate Articles
:: Featured Property for Sale
:: Luxury Lakefront Rental
:: Community Spirit
:: Local Events of the Month & Future
:: Featured Restaurant

 

lake tahoe estates com

Click Here to Visit Our New Website

 

Ski Area Market Statistics for the 2010-2011 Ski Season

 

Rates & Cost of Ownership

Properly defining the “bottom of the market” should be the best time to buy and is a function of both purchase price and rate.  For a 30 yr fixed mortgage w/ 20% down, a 5% decrease in purchase price will wash with a .5% increase in interest rate.  So, if rates are more likely to up 1% before home prices drop another 10%, then the cost of ownership is currently on the rise….point being, NOW is the time we’ll look back years from now and realize was the sweet spot time to buy.

Note: Rates have already gone up 1% in the past 6 months.  Current cost of ownership is approx equivalent to purchasing a home in 1989.  The arch enemy of mortgage rates is INFLATION.  Anyone watching where rates are headed should be focused on inflation.  The Fed is actively trying to create some inflation, so what the Fed is currently doing every day, will indirectly push mortgage rates higher.  For condos the health of HOA’s are more crucial than ever to loan approvals.  The high cost conforming (aka “confumbo”) loan limits are currently set to expire in September.  We hope these will be extended, but expect Congress to wait until the very last minute to address this debate.  Current limits are – Nevada County:  $562,500    Placer County: $580,000.  Credit score requirement for best case scenario rates continue to tighten.  740 credit score is now top tier pricing for 20% down payment scenarios.  www.omglenders.com

Environmental Impact Report Next Steps

The public draft environmental impact report (EIR) for the proposed Homewood Ski Area Master Plan was issued by the Tahoe Regional Planning Agency (TRPA) and Placer County last January 21st. The draft EIR includes a detailed description of the proposed project as well as thorough analysis of potential impacts to areas such as biological resources, geology, hydrology, air quality, transportation, scenic resources and noise. 

The official public comment period came to a close on April 21st, following a 90-day review period. From here, the third-party environmental consultant Hauge Brueck & Associates will prepare written responses to all public comment in coordination with the public agencies. The final EIR document is expected to be published later in the year leading up to final public hearings with the TRPA and Placer County.

Stay Informed on the Homewood Master Plan

Featured Property

3600 W Lake

Lucky 13!

Private path to 13′ on the water with beach and one  buoy

Virtual Tour

Located in a Historic area, this 1947 cabin was enlarged and remodeled in 2001. There are 4 bedrooms with the master suite having an adjoining loft.  There are 2 bedrooms and 1 bathroom on living level; 4th bedroom on entry level with access to full bath. Breakfast area in kitchen, black granite kitchen counters, tile accents, butcher block island. Wood-burn fireplace in living, gas fireplace in Bunk/Family room. Great coverage…over 10,000 sf and about 4800 in use. Pickwick pine paneling, lots of windows, three decks, lovely landscaping, antique mantle from Blackwood Canyon, hardwood floors, slate entry and steps up, On rental program.

west shore  

West Shore Lakefront Rental

Property offers 4+ bedrooms, 6 bathrooms, pier, hot tub. 2 week min. Available end of June through August.  530 582 0722
Ferrari 

David Gemme’s Ferrari Test Drive Video

Chase International Realty’s Tamara McKinney & Jeff Hamilton were recognized by the Nevada State Assembly for their Olympic accomplishments and for the work they have been doing toward securing the winter Olympics to Tahoe for 2022.  This is a very high honor and well deserved.
TahoeAMGEN 

MAY 13-16, 2011

America’s largest alpine lake welcomes the world’s cycling elite to the Overall Start and Stage 1 Finish and Stage 2 Start. The mountain air will challenge. The scenery will inspire. The adrenaline will electrify…

Race Information for Tour of California

homewood 

Memorial Day Weekend Open House

Sunday, May 29th, 2-5 p.m.
Homewood Mountain Resort is planning a master plan oriented open house at the South Lodge at Tahoe Ski Bowl Way on Sunday afternoon, May 29th, from 2-5 p.m. Plans, architectural renderings and other information will be available at the South Lodge for public review. So if you are in the Homewood area, please stop by.

Click Here for More Informaton

ski day with high fives
The Guys from High Fives

The Landon Mcgauley Project with High Fives was a HUGE success. With the support of High Fives and  LakeTahoe-Estates.com Landon was back on the ski hill this past month!   We had a great ski day followed by a fabulous dinner. We will continue to support High Fives and their athletes.

For more information on how you can help email us!


 

Christy Hill

“A Special Thank You to Christy Hill for Hosting The High Fives Dinner with Landon McGauley”

A memorable dining experience awaits you as you enter the Christy Hill Restaurant in the center of Tahoe City. The restaurant sits just 100″ above the shoreline of Lake Tahoe on an elevated embankment offering diners a panoramic vista. The intimate setting offers guests a view that is only upstaged by the cuisine. Voted “Most Romantic Restaurant” by the San Francisco Chronicle.

www.ChristyHill.com

trinkie and dave 

Trinkie Watson, CIPS,CLHMS

David Gemme, CRS

530.582.0722 Office

www.LakeTahoe-Estates.com

chasen@chaseinternational.com

10% Off

Summer is here and now is a great time to set up a property tour with us. When you plan your next trip here use Pullen Rental Group for lodging and receive 10% off your total when you mention being Trinkie Watson or David Gemme’s client. Plus if you stay 3 nights the 4th is automatically free!

http://www.pullenrentalgroup.com

Give us a call or send an email to set up a property tour!

Don’t forget that the annual Lakefront Estates tour is scheduled for June 29th! A must attend event for all.

 

Offer Expires: September 1, 2011

Chase’N Around Lake Tahoe April 2011 Monthly Newsletter

Chase Logo
 

Chase’N Around Lake Tahoe April 2011 Monthly Newsletter

in this issue
:: Featured Property
:: Real Estate Articles
:: Local Events of the Month
:: Featured Restaurant

Featured Property

Finely Crafted Kurt Reinkens-designed home in Lahontan Golf Community8424 Jake Teeter
Enter into this custom designed home on over a half of an acre. Relax beneath the rustic trusses while entertaining friends and family in the Great room and adjoining family/media room. Four bedrooms, four and a half bathrooms plus a two car garage. Most furnishings sold with property. Social membership is included with golf membership available through the club.
Click Here for a Virtual Tour

Resort at Squaw Creek Inventory Closeout!

17 ski-in ski-out luxury condos at the base of Squaw Valley are going to be auctioned on Saturday, April 30!

Squaw REO

Click Here for the Full Article and to Contact Us for More Information

foreclosure Three States Move to Ban Foreclosure Sales From Appraisal Values

With foreclosure sales steadily rising, four states are concerned that the use of the foreclosure sale prices in appraisals of neighboring homes is distorting the market. Legislators in Illinois, Nevada, and Missouri have all proposed separate bills that would exclude or restrict foreclosure sales from being used as comparisons to determine the value of homes around them. Click Here for the Entire Article
SoldClick Each Link Below for the Market Statistics 

2011 1st Quarter SOLD Graphs

2011 1st Quarter Stats for Lake Tahoe Areas

2011 1st Quarter Stats for Truckee Area

TTED 

Village at Squaw Valley on April 23rd

The Tahoe Truckee Earth Day Festival is a volunteer run, non-profit event to recognize, celebrate and promote the region’s unique beauty. Come for fun, live music and entertainment, and to learn how to preserve and protect our local and global natural resources. Click Here for More Informaton

easter egg 

Easter Activities

April 23rd & 24th

Saturday

Tahoe City

Annual Easter egg hunt offers fun for the entire family at Commons Beach. Egg hunt for kids, Golden Egg hunt for parents, pictures with the Easter Bunny, face painting, games and more. Bring your camera. 10 a.m. Rain or shine.

Incline Village

Eggstravaganze! Community egg hunt on Incline Beach from 10:30 to 11:30 a.m. for ages infant to 11 years old. Have your picture taken with the Easter Bunny.

Truckee

Community Easter Egg Hunt. Regional Park. 11:30 am. Free. Bring your own basket. Face painting and other activities.

Sunday

Carnelian Bay

Easter Brunch & Egg Hunt~Brunch served at Gar Woods from 9:30 a.m. to 3 p.m. Egg hunt begins at 11 a.m.

Tahoe City

Jake’s on the Lake from 10am-2pm serving an Easter Sunday Brunch Buffet featuring an array of mouth watering items.$24 per adult, $12 per child age 12 and under. Kids may even find a few Easter eggs!


jake's
 

Jake’s Alpenglow Dinners Early-Bird Special

5:30-6:30pm daily (through mid-June, holiday periods excluded).

Guests are invited to enjoy a 3-course meal with many delectable dishes to choose from a special menu for $25 per person, or $31 with a glass of premium wine. Full dinner menu also available. www.JakesTahoe.com

trinkie and daveTrinkie Watson, CIPS,CLHMS  

David Gemme, CRS

530.582.0722 Office

www.LakeTahoe-Estates.com

chasen@chaseinternational.com