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

[email protected]

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

Tagged with:

Filed under: Chase'N Newsletter

Like this post? Subscribe to my RSS feed and get loads more!