BEACHFRONT LIVING on beautiful Lake Tahoe…

STUNNING VIEWS and adventure just outside your door…

Located in Kings Beach, CA, Tahoe Beachfront Residences are a fresh alternative to Tahoe’s lake front lifestyle without the cost and upkeep of a vacation home. Walk to shops, concerts on the beach, farmer’s market, July 4th festivities, dining and so much more.

Contact me for an appointment to see these fabulous residences!

The 2017 Chase International LUXURY Estates Booklet

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.

Grays Crossing, Truckee California ~ Tahoe Mountain Club

This 750-acre property, within the Martis Valley, offering beautiful scenery and feeling of being in a remote location but only minutes from downtown Truckee. A neighborhood with wide meandering streets, mature trees and an expansive blue sky. Primary residence or second home living is welcomed here.

HOME_slideshow1 Photo by Tahoe Mountain Club

At Gray’s Crossing, it’s more than a community. It is commitment. Grays Crossing is committed to being an influence on preservation and appreciation of the land. Centuries ago, Native American legendary pioneer Joseph Gray, also the founder of Truckee, came to the area in 1863. Today, legendary people come to Truckee everyday! Creating memories for generations to come.

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Photo by Tahoe Mountain Club

A true four season destination area. Grays crossing offers activities for all. A Peter Jacobsen and Jim Hardy championship golf course, a grand fitness facility with swimming pools, spa and steam room. A plethora of paved hiking and biking trails. Nearby, Prosser Reservoir offers fishing, boating (non-motor) and swimming.

With no property ownership requirements or monthly minimums, the Tahoe Mountain Club gives you access to all of the Club’s private amenities, programs and 500+ Member events. Additionally, Members receive preferred access and rates at both Old Greenwood and Gray’s Crossing Golf Courses.

Schaffers-main-dining Photo by Tahoe Mountain Club

Tahoe Mountain Club is family friendly! They offer an upgrade option that is designed for Members to provide unaccompanied access to Club facilities for their extended family (grandparents, parents, children and grandchildren).

EXTENDED FAMILY

This upgrade option is designed for Members to provide unaccompanied access to Club facilities for their extended family (grandparents, parents, children and grandchildren).

Get unlimited access to Old Greenwood and Gray’s Crossing with this Membership upgrade.

GOLF ACCESS

Get unlimited access to Old Greenwood and Gray’s Crossing with this Membership upgrade. The upgrade can be used for single, couple or family access.

Complete with pool and fitness center, this upgrade allows Members unlimited access to the facility located at Gray’s Crossing.

GRAY’S CROSSING FITNESS

Complete with pool and fitness center, this upgrade allows Members unlimited access to the facility located at Gray’s Crossing.

A Tahoe Mountain Club membership will grant you access to four restaurants in the area. The Bearfoot Bar and Grill, Schaffer’s Camp, PJ’s Bar and Grill, Alpine Club and The Terrace.

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You can own here too! For the Contemporary Aficionado. A calm, airy space with a mix of traditional details, reclaimed wood, plush furniture and statement lighting. Thoughtfully designed home, with an open concept kitchen-dining-living room, laundry room, a master suite and second master accompanied by access to a quaint veranda with hot tub on the main level and two additional bedrooms plus a family room upstairs. Outdoor patio with fire pit, wooded views and a peak of the green golf course. A refuge to entertain and relax. 11081 Henness Rd is offered for $1,550,000 and sold Fully Furnished! www.GraysCrossingContemporary.com

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January is over and February brings thoughts of spring – and romance – so we thought you might enjoy the Market Comment from Nick Churton at Mayfair International Realty.

Homance

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Nick Churton of Chase International’s London office offers some timely real estate matchmaking advice as we head towards Valentine’s Day.

Good real estate brokers can be perfect sweethearts. It is always best to have someone by your side who values you, who will fight for you, who won’t argue (much), who will only hang around your home when you want them to, and always has your best interests at heart. Such a person may not make such a bad partner.

Of course there are good partners and bad partners. Selling real estate well rests heavily on the partnership built up between seller and broker. A good broker will lovingly put you and your property on a pedestal and then expertly and fiercely negotiate to achieve the best deal for you. On the other hand, a lesser agent or broker may only put your property on the internet with all their others and then haggle to find the easiest deal – easiest for them. There’s nothing good about a selfish Valentine.

There is a great difference between the two – often many thousands of dollars/pounds/euros/yen etc in the final price you achieve. You could come to love the former but hate the latter. The trick is finding the right Valentine broker at the outset. It’s a bit like finding the best boyfriend or girlfriend. They may look roughly the same at first but over time they all turnout very differently.

So if you are searching for the type of broker you could come to love this spring go on a few dates – invite a few to visit your home, give you some marketing advice and see how you get on. Then ask yourself which you would prefer, the cheap flashy one who brags a lot or the one with whom you feel most comfortable, the one with a background of stable and successful relationships – the one you would most like to introduce to your parents.

Interest Rate Predictions by KCM

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Chase logo
You’re Invited to Join Us…

A Smith Creek Ranch Estate Opportunity
&
The Lodge at Nakoma Grand Opening Celebration

Come to enjoy the scenery and the sounds of nature…
stay to experience the fine craftsmanship of this thoughtfully designed home.

Open from 1 pm – 4 pm
Saturday September 19th

Enter to win a one night stay at the Lodge at Nakoma!

1711 Smith Lake Rd
Smith Creek Ranch

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Welcome to this stunning 4000+ sq ft home with a grand master suite, two guest en-suites, and indoor swim/exercise pool, a dog room and fenced patio. Geo-thermal heat and energy efficient on 28 acres.

In the high sierra’s, where the sounds of nature and the great outdoors meets the charm of the country and sense of down home community. Breathtaking scenery abounds with over 3,000′ of restored frontage on Smith Creek with +/-12 ponds, views of Eureka & Penman mountain peaks, and wide open meadows.

Enjoy the convenience of having 7 golf courses, renowned restaurants, downtown shopping and a fair or two. All that nature has to offer within reach with the Lakes Basin Recreation Area and access to Pacific Crest Trail near by.
Start living the dream in the high sierra’s!

Purchase together for $2,300,000 or separately at $1,495,000 (main house)

$895,000 (guest house~43 acres, 2 bedrooms, 2 baths, loft, 2 car garage)

Smith Creek Ranch Estate

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Nakoma Lodge

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Trinkie Watson
Certificate: Harvard Law School’s Program on Negotiation
Certified International Property Specialist
Certified Luxury Home Marketing Specialist
Regional Lake Tahoe Broker
530 582 0722 800 783 0722
BRE# CA 00326518 NV 001022
[email protected]
www.LakeTahoeLuxuryEstates.com

chase logo 2

Media Contact:  Katie Shaffer

East River Public Relations

530-214-8790

[email protected]

For Immediate Release

Tahoe Home Prices Continue to Rise

ZEPHYR COVE, Nev. (July 7, 2015) – The Lake Tahoe real estate market continued to see an uptick in median home prices this quarter, up 14 percent to $525,000. Overall sales around the lake dipped slightly from this time last year, with Incline Village seeing decreases across the board and Tahoe City seeing healthy improvements.

The figures are part of a report released by Lake Tahoe-based real estate company Chase International, and compare the prices and closings from January 1 through June 30, 2015 to the same time period from 2014. Most changes were minor – a four percent and one percent decrease in lake-wide sales volume and units sold, and a one percent and ten percent drop in units sold under and over the $1 million mark (respectively).

“There is only one Lake Tahoe,” said Sue Lowe, senior vice president of Chase. “And people want to experience the amazing lifestyle and buy here. Our continued lack of inventory keeps our prices moving up.”

The median price of a home rose 14 percent on the East Shore ($767,500) and the South Shore ($386,000), and seven percent in Tahoe City ($560,00). Incline Village saw a four percent drop, to $850,000. Incline also experienced a drop in sales volume (23 percent), units sold (15 percent), and homes selling for more than $1 million (24 percent).

Tahoe City saw the biggest improvement with an eight percent increase in sales volume, 14 percent jump in units sold, and 18 percent surge in homes sold for under $1 million.

Nearby Truckee saw a ten percent drop in sales volume and six percent decrease in median home price ($548,000). Homes selling for more than $1 million faltered, falling 36 percent, and homes selling for less than $1 million was up eight percent.

About Chase International:  Headquartered in Lake Tahoe, Nevada since 1986, with nine offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Truckee, South Lake Tahoe, Carson Valley and Reno) and one in London, England, Chase International and its exclusive affiliations handle a large share of the country’s property. With 310 professional Realtors® boasting an array of industry certifications, Chase International is the regional leader for three years running as reported by Real Trends, a communications and consulting company considered to be the leading source of analysis and information on the residential brokerage and housing industry.  For more information about Chase International, visit www.chaseinternational.com.

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2015 2ndQ_STATS LT_TOTALS 2015 2ndQ STATS _TC 2015 2ndQ STATS _ES 2015 2ndQ STATS _SLT 2015 2ndQ STATS_IV 2015 2ndQ_STATS SQV Resorts_TOTALS 2015 2ndQ STATS _TRK 2015 2ndQ STATS_TD

This is known as NV County’s largest agricultural operation: ­ a 446-­acre property with 230 acres of planted vineyard. It’s beautiful, rolling country and is just 1 hour to Sugar Bowl. The wine industry and farmland prices are booming.
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This seller is ready to make a deal:­ we’ve dropped price $3,000,000 in the last 2 months. New price is $6,900,000.
This property has significant water rights and has had no reductions to them. The irrigation is on and thelakes are full! Turnkey management, scenic beauty, central location, solid technical and physical infrastructure: creative possibilities exist for your buyers and investors…
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Website with aerial drone videos, photos and quality descriptions:UnderwoodVineyards.com?unbranded
Address: 16110 Indian Springs Road, Penn Valley, CA 95946
G0060038
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INCLINE VILLAGE, Nev. — The Lake Tahoe real estate market continued to see an uptick in median home prices after the second quarter of 2015, up 14 percent to $525,000.

Overall sales around the lake dipped slightly from this time last year, with Incline Village seeing decreases across the board and Tahoe City seeing healthy improvements.

The figures are part of a report released by Lake Tahoe-based real estate company Chase International, and compare the prices and closings from January 1 through June 30, 2015 to the same time period from 2014.

Most changes were minor — a 4 percent and one percent decrease in lake-wide sales volume and units sold, and a one percent and ten percent drop in units sold under and over the $1 million mark (respectively).

“There is only one Lake Tahoe,” said Sue Lowe, senior vice president of Chase. “And people want to experience the amazing lifestyle and buy here. Our continued lack of inventory keeps our prices moving up.”

The median price of a home rose 14 percent on the East Shore ($767,500) and the South Shore ($386,000), and 7 percent in Tahoe City ($560,000).

Incline Village saw a 4 percent drop, to $850,000. Incline also experienced a drop in sales volume (23 percent), units sold (15 percent), and homes selling for more than $1 million (24 percent).

Tahoe City saw the biggest improvement with an eight percent increase in sales volume, 14 percent jump in units sold, and 18 percent surge in homes sold for under $1 million.

Nearby Truckee saw a 10 percent drop in sales volume and six percent decrease in median home price ($548,000).

Homes selling for more than $1 million faltered, falling 36 percent, and homes selling for less than $1 million was up eight percent.

This article was submitted by Chase International, which boasts nine offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Truckee, South Lake Tahoe, Carson Valley and Reno) and one in London, England Visit chaseinternational.com to learn more.

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This is an “Invitation Only” event so you must present your invitation to attend!  If you would like to attend this tour, give us a call, email or reach out on Social Media for your personal invitation!

 

We have breaking news…just released by

RealTrends, the Nation’s keeper of statistical information for Real Estate!

Chase International is again, the NUMBER 1 real estate company in the Reno/Lake Tahoe market place as reported by REALTrends. Our 2014 residential sales volume was $939,547,242. Each company in the survey independently submits its results to RealTrends.
The REALTrends report places Chase at number 183 in the top 500 real estate companies in the country. When you consider the fact there are more than 50,000 real estate companies in the United States, you have all worked to make a great accomplishment. Our 2014 sales outpaced its 2013 volume of $865,000,000 by $75 million dollars.
See You at the Lake!

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UNIQUE HOMES / GALLERY / BY ON 6 MAY 2015

A sprawling mansion above the Truckee River in Reno, NV is on the market for $16.4 million after 23 years in disrepair, followed by more than a decade of renovations.

The Nixon Mansion, built in 1907 by a U.S. senator for Nevada who made his fortune in mining, was damaged by a Christmas tree fire in 1979 and sat empty and “degrading to eyesore status” until 2002, when the current owners bought it and began to envision a new life for the nearly 18,000-square-foot home.

“It would’ve been quicker and cheaper to tear it down and rebuild it,” says listing agent Sandi Solomonson of Chase International. “But they took the time to restore as much as possible, including the huge original crystal chandelier in the formal dining room.”

Aerial from river - Best

Situated on more than two acres with views of downtown Reno and the mountains, the 8-bedroom, 11.5-bath home exists on a grand scale.

Its 860-square-foot kitchen boasts multiple refrigerators and dishwashers, a walk-in pantry and a butler’s pantry — a large enough kitchen to serve 80 guests in the dining room with that crystal chandelier and a carved mahogany fireplace.

The 800-square-foot grand ballroom sits adjacent to a bar that opens onto a wide terrace with views across the river. There are also river views from a private office in the master suite, which features a Juliet balcony with garden views and two marble bathrooms, each with a mahogany walk-in closet.

The home includes seven additional bedrooms with en-suite bathrooms, plus nine fireplaces, an 1,800-bottle wine cellar and tasting area, a library, a parlor, a game room with a wet bar, and a sunlit room with a fountain.

The property is zoned for professional as well as residential use, and could be used for offices or a corporate retreat.

Photos by GetYourView.com

About the Author

Melissa Allison writes about real estate transactions and trends for Zillow Blog.

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

Who doesn’t love Lake Tahoe in the summer? Growing up, my family spent the last two weeks of every August at Dollar Point outside of Tahoe City. I possess so many happy memories of waterskiing, horseback riding, tennis and lakeside barbecues, and I think everyone should spend some time at this beautiful west coast location.

For those of you planning a summer vacation in Tahoe this year, we’re lucky to have a list of some of the area’s must-attend summer events, expertly curated by Trinkie Watson. Considering Trinkie is a preferred Realtor for the Lake Tahoe Luxury Real Estate market, and the top agent for lakefront properties sold, she knows a thing or two about the best places to see and be seen.

Without further ado, here is Trinkie’s Tahoe list.

This tasty event is a benefit for the Gene Upshaw Memorial Tahoe Forest Hospital Cancer Center to raise money for the non-insured programs for cancer patients and caregivers. Held at the Ritz Carlton, this themed event is always a sell out.

Now in its 19th year, the all day showcase of Chase International’s lakefront properties is a very special way to explore the Lake Tahoe area. Don’t forget to try out a Tesla—test drives will be available at one of the estates.

This fashion show and luncheon benefit was first held in 1969, and this year it will be held as a tribute to its late featured designer, Oscar de la Renta. A grand event held at a beautiful estate on the water—don’t miss it.

The 43rd annual show features some of the most beautifully restored wooden boats in the world. In addition to the main event, a host of festivities surround the yacht show, including an Opening Night Dinner and Dance, a barbecue and awards presentation and a Ladies’ Luncheon and Fashion Show.
Held for three consecutive weekends in Incline Village, the concerts feature world renowned musicians in a formal full orchestra playing on the Sierra Nevada College Campus.
A total of five classical music concerts held in different locations, this fun and casual event demands an outdoor picnic, maybe even a bottle of wine.
The Nevada Museum of Art opening night gala and dinner for the TAHOE exhibit, August 21
The TAHOE exhibit will only be at the Nevada Museum of Art through the end of the year before moving to the Oakland museum. You’ll receive a fabulous, art-filled coffee table book when you purchase a ticket to the dinner.

Thank you to Trinkie for keeping us in the loop, and have a happy summer at Lake Tahoe!

DuPont Registry Nixon Mansion Spread April 2015

DuPont Nixon April 2015

B9316382408Z_1_20150224210817_000_GEFA29QNK_1-0Reno Gazette Journal          Jessica Garcia, RGJ    

Eleven Chase International agents including Susan Lowe, Trinkie Watson, Kerry Donovan, Mike Dunn, Cindy Richter, Ruby von Schwerin, Rob and Dana Coons, Megan Lowe, Caren Christen and Eric Crosby were among some of the top real estate professionals in the world who gathered earlier this month for the invitation-only Luxury Portfolio Summit in Las Vegas.

Held at the Wynn Las Vegas, the exclusive Luxury Portfolio International event focused on “living luxury” and offered participants the opportunity to explore how lifestyle passions drive today’s affluent customer and impact their lives and real estate decisions.

Sessions offered in-depth information to help participants better understand and serve real estate clients in an increasingly global and mobile world. Specific market segments examined included Chinese consumers and millennial buyers. Some of the world’s most admired luxury brands were studied as examples for reaching today’s connected consumers through experimental and emotional marketing.

Keynote speakers included Marci Rossell, former chief economist for CNBC, who addressed the global economy, and social scientist Eric Klinenberg, who spoke about the rise of singletons and their effect on real estate. Rudy Giuliani offered insights on “Principle Leadership in the Face of Change.”

Read or Share this story: http://on.rgj.com/1EOMmTb
Photo by AP

Just Sold! Split Lakefront West Shore Lake Tahoe

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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

Lake Tahoe real estate market picked up steam in 2014

 Lake Tahoe real estate market picked up steam in 2014

 

 

The Lake Tahoe real estate market continued its post-recession improvement last year, according to Nevada-based Chase International.

 

The 2014 median sales price of a Lake Tahoe home increased 7 percent year-over-year to $475,000; the average price was $807,088, up 4 percent from the previous year.

Unit sales, however, were down around the lake, with overall sales volume dipping 8 percent. Homes selling for more than $1 million were down 6 percent.

Sue Lowe, corporate broker and senior vice president for Chase, said fewer homes were available for buyers re-entering the market. “We like slow and steady improvement,” Lowe said in a statement. “It’s a sign of a stable and healthy market. Sales will catch up and further increase home values.”

Chase said Tahoe City showed the biggest improvement last year with a 14 percent jump in sales volume, a 24 percent rise in average price ($966,456) and a 7 percent jump in median price ($545,000), compared with 2013.

More details are at chaseinternational.com

 

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Chase Luxury Connect Event NLTBonanza & Sierra Sun Placement

LRE® Press Releases

Chase International Agents Attend First Ever Luxury Connect

Posted by Katie Shaffer

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ZEPHYR COVE, NV – A handful of Chase International agents recently attended Luxury Connect, a private, one-day gathering last month where elite professionals discussed the future of real estate. This first-ever event, spearheaded by Inman News, was held at the former William Randolph Hearst estate, the Beverly House.

The exclusive group consisted of only 100 real estate professionals and agents. Chase International founder, president and CEO Shari Chase attended with agents Kerry Donovan, Donna Spear, Trinkie Watson, Marian Huish, Mary Kleingartner, and Georgia Chase.

“The luxury real estate industry is hungry for compelling information on innovative ideas and new technologies. That is what we do,” said Brad Inman, publisher of Inman News.

Keynote speaker Ariana Huffington was joined by an impressive lineup of speakers, including executives from Zillow and J.P. Morgan Securities. Topics included the luxury agent of the future and how technology will affect luxury buyers and sellers from around the world.

“It was a great opportunity to network with some of our premier luxury real estate professionals from around the country, as well as get a true pulse from our colleagues and vendors as to what they are experiencing in the luxury arena,” said Kerry Donovan of Chase International’s Incline Village office. “The agenda was fast paced and the professionals on the panels were really phenomenal.”

Huish noted the vital relationships that were created and fostered at this event. “There was a definite emphasis on the importance of building relationships – not only in your local market but on a global level. By utilizing the right tools and networking, the opportunities are boundless. I’m all about connecting people and helping to make the world a smaller place- and as a leader in the luxury real estate market, Chase International supports that goal.”

About Chase International

Headquartered in Lake Tahoe, Nevada since 1986, with nine offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Truckee, South Lake Tahoe, Carson Valley and Reno) and one in London, England, Chase International and its exclusive affiliations handle a large share of the country’s property. With 260 professional Realtors® boasting an array of industry certifications and the highest volume per sales agent in the area, Chase International successfully represents homes at all price levels. For more information about Chase International, visit www.chaseinternational.com.

PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact: Trinkie Watson, Chase International

Trinkie Watson attends invitation-only event for top luxury Realtors®

“Leaders in Luxury” event attracts
real estate professionals
from across North America

DALLAS, Texas. November 2014 –  Trinkie Watson of  Chase International joined 120 top real estate professionals serving the upscale residential market who converged the last week of October at the Ritz Carlton Hotel in Denver (CO) for  The Institute for Luxury Home Marketing’s  10th annual, invitation-only  Leaders in Luxury (LIL) conference.

According to Trinkie, the exclusive event is a once-a-year, invitation-only educational and networking opportunity for North American real estate professionals who handle million and multi-million dollar homes and estates.  “This prestigious conference provides cutting-edge information on what’s happening in the luxury market segment, offers insights on best practices in the business, and creates valuable networking opportunities,” said Trinkie Watson. “I come home with information and ideas to help me deliver superior service to my clientele.”

“Leaders in Luxury attendance is limited to proven professionals in the luxury home niche,” said Laurie Moore-Moore, Founder of The Institute for Luxury Home Marketing, the host company. “This gives LIL attendees the opportunity to build an exclusive network of contacts focused on the upscale residential industry, while sharing ideas with the best in the business. Since competency is the key to working successfully with the luxury buyer and seller,” added Moore-Moore, “LIL is designed to provide attendees with important knowledge and insights, giving them a competitive edge in meeting the needs of the very affluent.”

Leaders in Luxury’s keynote speakers included London-based George Betz, President of The International Real Estate Federation, United Kingdom and a member of Fine & Country, a real estate organization with 275 brokerage locations outside North America.  Other keynoters included noted film producer Curt Hahn, founder of Nashville-based FilmHouse and Jennifer Yosowitz, COO of Audio One, a Florida-based international home automation company.  Numerous top luxury agents from the U.S. and Canada participated in presentations and panel discussions.

The Luxury Lake Tahoe Market has had a great year for sales. We can only look forward to what’s next!

The Leaders in Luxury conference is an annual event.  For information, visit www.LeadersinLuxury.com  or contact The Institute for Luxury Home Marketing at 214-485-3000. [email protected]

About The Institute for Luxury Home Marketing (ILHM)
ILHM is an international training and membership organization for real estate professionals who work in the luxury home market. The Institute awards the Certified Luxury Home Marketing Specialist designation, which is the official designation for many national and international real estate brands.  Find information on live and online training at www.LuxuryHomeMarketing.com 214-485-3000.

2nd Quarter Real Estate Stats for the Lake Tahoe Basin

2014 2ndQuarter Stats LakeTahoe TOTALS

2014 2ndQuarter Stats LakeTahoe TOTALS_1

2014 2ndQuarter Stats TRK

2014 2ndQuarter Stats TD

2014 2ndQuarter_BANDING GRAPHS

2014 2ndQuarter Stats SQUAW NORTH TOTALS

2014 2ndQuarter Stats TC

2014 2ndQuarter Stats Incline Village 2014 2ndQuarter Stats East Shore

InviteEstates Tour Map

SPLASH into Tahoe Real Estate! Tahoe Quarterly Magazine Ad

TQ_TP_WATSON 0614 PROOF 1

tour invite

Tahoe City Wine Walk

June 21, 2014 • noon-4pm • Rain or Shine

200345957-005 Wine

Enjoy Wines with a View and All the Charms of Downtown Tahoe City!

 

Sip, shop and explore Tahoe City along its scenic, lakeside sidewalks while tasting wines and sampling delicious morsels from acclaimed Tahoe restaurants and caterers. Learn more about the event.

 

Buy Tickets Early and Save

 

Save $10 When You Buy Your Tickets Early

 

$40 – Adult ticket, early-bird discount

 

Purchase online:

 

Purchase at a local ticket outlet (starting 5/15):

 

 

Tickets On the Day of the Event – Cash Only

$50 – Adult ticket, purchased day of the event
$25 – Designated driver ticket (food only), purchased day of the event
$10 – Kids, age 7+, purchased day of the event
FREE – Kids under 7

2014 Lake Tahoe & Reno Summer Events

Summer 2014 events

Gentry

Gentry Magazine May 2014

Gentry Splash

Premiere Homes Magazine Lake Tahoe California

Premiere Homes May:June

Sierra Heritage Magazine Indulge in Lake Tahoe

SH April

Truckee River Lodge Home

8440 River Road, Hwy 89, Bridge Eleven – Squaw Valley/Truckee

Family Memories Start Here…

Carson Valley Tour

Trinkie Watson Reveals the Most Common Hiccup in Finding a Perfect Home

Haute Residence

Trinkie Watson1) What is the most common hiccup you encounter when trying to find the perfect home for a client, and what is your typical approach to overcoming it?

Inventory—or lack thereof!  When we have trouble finding the perfect home for clients, we show them things they would not think to look at (within their price range). Sometimes a “remodel project” can create the property they are searching for. Another tactic is to monitor.  We monitor the MLS, pocket listings and communication with other agents to seek out that perfect property and get the showing before anyone else. The most time consuming approach is waiting! This is a hard avenue to stroll down, but sometimes it is best—especially if clients are looking in the “off season.” I do not recommend showing property that is above their desired price point until they raise the bar.

2) Real estate agents are expected to be absolute experts on their respective regions. What steps do you take in order to ensure you know positively all that you need to in order to keep your clients well informed?

I know Lake Tahoe! Having sold real estate for over 30 years, I stay informed. My continuing education in the real estate field has earned me the prestigious Certified International Property Specialist designation as well as Certified Residential Brokerage Manager, Certified Residential Specialist, Leader Graduate Training (Women’s Council) and Graduate Realtors Institute. I was also the president of the Incline Village Board of Realtors and president of the Tahoe Sierra Multiple Listing Service, and awarded Incline Village’s Realtor of the Year.

My community service includes two two-year stints as president of the Lake Tahoe Music Festival and current board membership, membership of the Tahoe Forest Hospital Foundation’s board, and chairmanship of the Cancer Advisory Council. stay current with the governing boards of the area as well as community and informative events. Attending events, conferences, festivals, music series, movie series, all help to keep me informed on the community.

Trinkie Watson

Trinkie Watson, CLHMS

775 N Lake Blvd Tahoe City, CA 96145

 

530.582.0722 [email protected]

 

530.582.0722 http://www.trinkiewatson.com

 

An absolute expert in Lake Tahoe Real Estate!

An absolute expert in Lake Tahoe Real Estate! Trinkie Watson is! Absolutely!  Selling Lake Tahoe Real Estate for over 25 years-I know the Lake Tahoe region! I have seen it all, been through the cycles of bubble and burst, the crashing of the economy and the rebirth. We all want to be the expert in our field or career of choice but how do we do it? By staying involved, informed, connected and engaged.

President of the Lake Tahoe Music Festival and currently on the Board of the Tahoe Forest Health System Foundation; I stay involved. By attending area meetings such as the Homewood Master Plan, TRPA governing board and advisory planning, Squaw Valley Incorporation Plan, etc. I stay informed. A monthly e-newsletter, print ad campaigns, social media, blogging and local/community events keep me connected to my current clientele as well as any prospects. Responding, follow up and good communication… I have 2 assistants that aide in the ever challenging task of keeping in contact, being available and answering the phone-this keeps me engaged.

Previewing new inventory and keeping up with the old, participating in Broker Tour and Mixer events, Realtor conferences, office gatherings and continuing education all keep me involved, informed, connected and engaged in our local market.

Market statistics are easy to compile with all the online avenues for searching real estate…so we take a different approach. We create the statistics! Marketing and selling Lake Tahoe area Real Estate-An expert in the field! Stay informed, involved, connected and engaged. www.TrinkieWatson.com #laketahoeluxuryrealestate #trinkiewatson #laketahoerealestate #luxuryrealestate

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For a copy of the Sierra Heritage Magazine go to http://www.sierraheritage.com/magazines/at-home or contact us!

$11.9 Million North Shore Lake Tahoe Billionaire’s Row

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If you’re looking for a vacation home, or at least a home that feels like a vacation, it’s worth looking in to this Lake Tahoe lakefront estate.

Located on the north shore of Tahoe’s “Billionaire’s Row,” the house includes some serious amenities like your own private pier and beach.

Listed by Chase International for $US11.9 million, it was originally built in 1949 large windows in almost every room to soak in the view.

And aside from the three bedrooms, the home includes a library, office, family room, and separate guesthouse.

The $US11.9-million home sits on a secluded one-acre lot.

 

Fueled by limited inventory, Lake Tahoe-region home listing prices swelled in the first quarter, a report this week shows.

For the January-March period, the median listing price rose 17 percent from the last quarter of 2013 to $635,000 for the region encompassing Lake Tahoe, Truckee, Donner Lake, Northstar, Olympic Valley and Alpine Meadows, according to the report by a local brokerage.

Compared with January-March 2013, the median listing price of a single-family home increased 35 percent, the report shows.

At the same time, the number of properties sold fell 44 percent quarter over quarter and by 25 percent year over year, according to the report which cited fewer available homes for sale as well as the past winter’s meager snowfall impacting visitation to the area.

The rising asking prices were particularly notable in the lakefront submarket, which in the report covers California’s North and West Shores and Nevada’s Incline Village and Crystal Bay.

“Keep an eye on the lakefront market, where limited inventory is driving the median home price up drastically with a 97 percent increase quarter over quarter,” president of the brokerage said in a statement accompanying the report.

“As ski communities bounce back from a weather-affected quarter, we will expect market growth in summer months,” he said.

LAKE TAHOE HOUSING TRENDS

Single-family home median listing price by submarket for the first quarter 2014 ( compared with fourth-quarter 2013):

Truckee region: $575,000, up 12 percent

Northstar (excluding condominiums): $890,000, up 9 percent

Squaw Valley/Alpine Meadows: $1.25 million, up 9 percent

Incline Village/Crystal Bay: $1.09 million, up 27 percent

Tahoe lakefront: $6.47 million, up 97 percent

Trinkie Watson Talks Summertime in Lake Tahoe

rsz_trinkiewatson

Tell us about any new developments or business establishments in your market that you think might help attract potential buyers.

The Truckee area has a great development by Tom Grossman called Winter Creek, featuring147 unique and beautifully appointed homes. These are brand-new homes with multiple custom floor plans to choose from, for the sophisticated buyer who wants a good value and central location.

Schaffer’s Mill features 218 single-family homes and 188 Mountain Lodges. Homesites range from .25 to .75 acre, and Mountain Lodges range from 1,972 to 2,684 square feet (for three and four bedrooms). Amenities at Schaffer’s Mill currently include an 18-hole championship golf course, community walking trails, cross country ski trails, snow shoeing, stocked fishing ponds and Tahoe National Forest Access for hiking, biking, horseback riding and/or snowmobiling. Schaffer’s Mill was the site of 2013 HGTV Dream Home Giveaway. Schaffer’s also has a new clubhouse with a restaurant, gym and pool.

On the horizon is a project from Bay Area development company Holiday Development. It’s a bold vision to create a complete community at the gateway to the Tahoe region by purchasing the 35-acre railyard site, and doubling down on the town’s state-funded Sustainable Communities planning grant. More information here.

Name the top two online or social media outlets you use most frequently when a new property becomes active. How do you use these sites to your advantage when advertising your listing? 

One is the Tahoe Sierra MLS, which feeds to several online property sites (too many to name). We also advertise new listings through direct email campaigns. The Tahoe Sierra MLS brings the properties to the public’s attention, and the email campaigns alert our network of referral agents and brokers. We use direct mailing as well, which is a great outlet for surrounding homeowners.

With springtime now approaching, are there certain properties you expect to get more attention than others?

How can sellers make their properties more marketable in the spring? Here in the Lake Tahoe and Truckee area we are gearing up for the summer! These are our best months for curb appeal, as the snow melts and the flowers bloom. On the lake, the towns become alive again with tourists flocking to this natural wonder.

 

 

http://www.hauteresidence.com/trinkie-watson-talks-summertime-lake-tahoe/

The Nixon Mansion, Reno Nevada Luxury Real Estate

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2014 1stQuarter Stats LakeTahoe TOTALS

2014 1stQuarter_BANDING GRAPHS

2014 1stQuarter Stats ES

2014 1stQuarter Stats TRKE

2014 1stQuarter Stats TC

2014 1stQuarter Stats TD

 

For Immediate Release

Tahoe Real Estate Market Continuing to Show Appreciation Tahoe Market Home Sale Prices are Up

ZEPHYR COVE, Nev. (April 14, 2014) –The Lake Tahoe real estate market experienced notable increases in both average and median home prices during the first quarter of 2014, which is good news for sellers.  For Tahoe as a whole, which combines the East Shore, South Shore, Tahoe City and Incline Village/Crystal Bay markets, the volume of sales was down nine percent.  Yet the median home price in Tahoe increased 12 percent and the average price climbed 11 percent to $876,611.  The entire region has had record lows in inventory contributing to the decrease in units sold and volume sold.  The one sector at Tahoe where the volume of sales increased, was at the ski resort communities of Northstar, Squaw Valley and Alpine Meadows, by 39 percent.

The most impressive numbers to come out of the region recently were in Tahoe City where sales volume jumped 48 percent over last year at this time, with $53,884,250 in volume sales recorded in 2014’s first quarter.  Tahoe City’s average price increased a whopping 113 percent to $1,314,250, and the median price climbed 51%, from $417,000 last year to $630,000 during this year’s first quarter.

Incline Village showed an increase in average price of 23 percent, to $1,703,476.  The number of units sold in South Shore over $1 million jumped by 100 percent.  And the average price in South Shore increased by 20 percent, to $436,884. The East Shore market was down, due to several large sales that transpired in 2013 and a continued lack of inventory.

These figures are part of a quarterly report released by Lake Tahoe-based real estate company Chase International.

“There continues to be an uptick of interest and sales in the market’s upper end offerings,” said Sue Lowe, corporate vice president for Chase International. “And in the under $1 million market, prices are continuing to climb.”

Lawrence Yun, chief economist for the National Association of Realtors notes that NAR’s forecast for home sales is to be lower by five percent in the first half of this year versus the same period a year ago.  However, Yun predicts that sales are projected to be two to three percent higher in the second half of the year, and home prices, because of a nationwide inventory shortage, will keep marching higher.

The Truckee market posted some impressive gains with a sharp jump in median price of homes sold—up 29 percent to $635,000 and an average home price increase of 24 percent, to $858,304.  However, Truckee sales volume over this time last year was down six percent.

Headquartered in Lake Tahoe, Nevada since 1986, with ten offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Graeagle, Truckee, South Lake Tahoe, Carson Valley and Reno) and one in London, England, Chase International and its exclusive affiliations handle a large share of the country’s property. With 260 professional Realtors® boasting an array of industry certifications and the highest volume per sales agent in the area, Chase International successfully represents homes at all price levels.  For more information about Chase International, visit www.chaseinternational.com.

Lake Tahoe 2013 Single Family Lakefront Sales

2013 Year End Stats Top Companies_Lakefronts

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You’re Cordially Invited to a Broker Open during tour at

Fleur du Lac Estates

Unit #5
Unit #21 

Wednesday, March 19th
9:00 – 12:00

Unit #21

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
Fleur du Lac Estates
Fleur du Lac Estates #21
Offered at $2,995,000
 

____________________________________

Unit #5

Situated on grass over looking Lake Tahoe, steps from great amenities. Large living/dining room w/wet bar, impressive fireplace, floor to ceiling windows, main floor den & full bath, and cooks kitchen with breakfast nook. High beamed ceilings in three en-suites (lakeview master), large loft w/fireplace. Park your boat in your private slip; enjoy updated clubhouse, venue of Godfather II. Gated, onsite caretaker, pool, hot tub, tennis, bocce, gym, concierge services. Beautiful wood finishes, stone flooring.
 
Fleur Du Lac #5, 4000 W Lake Blvd, Homewood, CA 96141
Fleur Du Lac #5
Offered at $3,500,000
 
Come to preview this fabulous property during broker tour! Leave your business card and be entered to win a lovely bottle of wine!

See you there,

   mail

Trinkie Watson_email

     Trinkie’s bio

Trinkie Watson, CIPS CLHMS

Regional Lake Tahoe Broker

530 582 0722  800 783 0722

CA 00326518  NV  001022  

[email protected] 

www.TrinkieWatson.com

 

 

Tahoe Sierra Stories

 

     

 

 

Properties sold over $5 Million Lake Tahoe Region

You’re Cordially Invited to a Broker Open at

4784 N Lake Blvd
Carnelian Bay Lake Tahoe 

Tuesday, March 4th
11:00 – 1:00 pm

 
      Silver Blue Lakefront Lodge

 
Use morning tranquil blue waters to launch a kayak from the pier or tie a dingy to 1 of 2 buoys then swim to shore for lunch on the sunny deck. It’s a short stroll to Garwood’s for a “Wet Woody” to watch the sunset.

 

A 1950’s immaculate cabin filled with rich history and old Tahoe charm.

 

5 bedrooms with an unobstructed lake view,
from all but one room.  


Offered at $2,995,000

Silver Blue Lakefront Lodge Video
Silver Blue Lakefront Lodge Video
*On the rental program with Marmot Luxury Vacation Rentals. 2 bedrooms do not have closets. Attic for extra storage. Garage also playroom; easy retrofit. Hot Tub, Gas BBQ. BMP certificate. Pier extension available to 6200 elevation or up to 30′ extended.*
 
Come to preview this fabulous property and enjoy some noshes! Leave your business card and be entered to win a lovely bottle of wine!

See you there,

   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  

twatson@chaseinternational.com  image004

www.TrinkieWatson.com

 

image007

Tahoe Sierra Stories

 

image004     leading RE logo

 

 

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!

 

 

 

   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

 

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Stay Connected

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Leading Companies for Properties Sold over $10 Million

graph

HOUSE OF THE YEAR

HOUSE OF THE YEAR

Readers voted for a condo on Lake Tahoe as their favorite home from the 2013 weekly features; waterfront homes in Greenwich, Conn., and Florida were also favorites in the online contest.

You could say that Zari Mansouri’s Lake Tahoe home has views to die for.

“The colors from the west shore are just so spectacular,” she says about the vistas from her roughly 4,100-square-foot Lake Tahoe condo—the same golden hues in Fredo Corleone’s fatal scene in “The Godfather: Part II.”

That scene, in which Fredo, played by the late John Cazale, takes a one-way fishing trip after betraying the family, was filmed in what is now known as Fleur du Lac Estates, a 22-unit condominium development on the western shores of Lake Tahoe, near Homewood, Calif. Originally built in the 1930s by industrialist Henry Kaiser, who was instrumental in the creation of the Hoover Dam, the 15-acre compound was converted in the early 1980s into this gated luxury development.

“I thought, my God, that is so fascinating,” she recalls, but it wasn’t the Corleones that brought her to Lake Tahoe—it was the skiing. As the president and chief executive of Laboratory Skin Care, a business-to-business biotech company in the San Francisco Bay Area, she spent her free time traveling to nearby Squaw Valley Ski Resort, until she finally decided to make Lake Tahoe her primary home. She bought the condo for $4.575 million in 2006, according to public records.

The property also won over WSJ.com readers: Ms. Mansouri’s home received the most votes, 88,957, out of the 897,478 votes cast in the 2013 U.S. House of the Year contest. Ms. Mansouri’s home is on the market for $6.499 million; the other homes in the poll were also on the market at one point during 2013.

For years, Lake Tahoe has attracted affluent buyers from the tech and financial-services industries, including billionaire Larry Ellison, CEO of technology company Oracle Corp. ORCL -2.73% In March, Mr. Ellison listed his 2.6-acre compound on the eastern shore for $28.5 million, according to Jennie Fairchild of Chase International Real Estate. He is building another compound on the north shore’s Incline Village.

“They like the quiet and peaceful serenity” of the western shore.

In 2013, the median sale price of a waterfront home was $4.7 million on the north and west shores of Lake Tahoe, up 20.6% from the previous year.

Despite its prime location, inside the four-bedroom, 4½ bathroom home left something to be desired, says Ms. Mansouri. Before her renovations, a corridor of mirrored walls made the space feel outdated.

“You went into the entry and… you felt like you were mice looking for cheese in a maze,” joked architect Rob Rogers of RWR Art-Architecture in Truckee, Calif., who was part of the team that completed the three-year, $3.5 million renovation project.

For Mr. Rogers, the solution was simple: “What we need to do is blow a hole through the fireplace,” he remembers telling a less-than-enthused Ms. Mansouri. Drastic, perhaps, but efficient, he argued—the hole would create a double-sided fireplace.

“Everybody told us we couldn’t do it,” he says, in part because of the engineering and air-filtration systems required. Today, the roughly 6-foot, 8-inch fireplace (big enough to stand in, they note) is a focal point.

“We certainly weren’t going for typical Tahoe,” says interior designer Justine Ringlien, who incorporated contemporary décor to match the unusual wood finishes, like Sapele mahogany from Africa that was used for flooring. The home features 13 distinct sound zones and wiring for a professional DJ booth. They tore down interior walls and added glass panels on the lakeside for what Mr. Rogers calls the “explosion view,” because of its breadth.

“I’ve had friends who visit who just want to take pictures in that same spot,” she says, referring to a view from the compound that overlooks the scene of the fictional mob hit. In the busy season, tour boats stop near the waters by the private compound for a peek at the development’s “Godfather” history.

Upstairs, Ms. Mansouri kept the focus on the lake, with a master-bedroom suite that includes an all-glass shower. The shower faces the bedroom; a dry sauna is hidden behind a door with a two-way mirror.

“It looked super X-rated,” to have a glass shower in the middle of the bedroom, Mr. Rogers joked, but that wasn’t the intention. (“I wanted a spa bedroom,” Ms. Mansouri says.) The glass shower was designed to extend the views, so that the lake is visible from the vanity mirror.

Her reasons for moving to Fleur du Lac go beyond water views. As a single woman, she says it helped to have maintenance and upkeep handled by the condo development. There is 24-hour security and a concierge-like service that handles requests, such as reserving the original Kaiser family boathouse and yacht club for parties.

Ms. Mansouri says she is one of the few year-round residents of the community, allowing her to enjoy the perks of condo living with the privacy of a single-family home.

Ms. Mansouri says she is selling because she is spending more time near her office in the Bay Area. The home was listed in May 2013 for $6.99 million. Condo fees are $3,900 a month.

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.

US existing-home sales drop for 3rd straight month

 

Lahontan

 

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WASHINGTON (AP) — 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.

Home re-sales fell 4.3 percent to an annual rate of 4.90 million, the National Association of Realtors said Thursday. That was the weakest pace since December 2012 and the first time since April that the pace has slipped below 5 million.

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.

Home sales could rebound in the new year if the strengthening job market lifts incomes and builds confidence in the economy.

Over the summer, re-sales reached a pace of 5.39 million, the fastest in four years. But sales began to slow in September as the costs of buying a home rose.

Mortgage rates are nearly a full percentage point higher than in the spring, when they were near record lows. And a limited supply of homes on the market has driven up prices. The combination has made home buying less affordable, particularly for first-timers.

Sales in November were 1.2 percent lower than in the same month a year ago, the first year-over-year decline in 29 months.

The Realtors’ group said the main factor in the sales decline was less affordability. But it also cited fallout from the 16-day partial closure of the federal government, which might have delayed some sales.

The median sales price of an existing home was $196,300 in November. That was a slight decrease from October but 9.4 percent higher than a year ago.

Home-buying has declined 10.1 percent in Western states during the past 12 months. That drop has been partially offset by stronger sales in the Northeast and South.

The number of homes on the market in November fell 0.9 percent from October. But the supply has increased over the past 12 months. This could slow the rate of price increases because more homes would be available for sale.

There are signs that housing will strengthen next year. Builders broke ground on new homes last month at the fastest pace in more than five years. And builders’ confidence in the market rose this month to match the highest level in eight years.

Mortgage rates have risen about a percentage point from historic lows earlier this year. The average rate on a 30-year fixed rate mortgage last week was 4.42 percent.

One concern is that first-time buyers accounted for just 28 percent of sales in November. That was down from 30 percent a year ago. In healthier housing markets, they typically make up at least 40 percent of buyers.

Many would-be buyers are struggling to qualify for loans, in part because banks have tightened standards and are requiring bigger down payments.

The market has received a boost from investors and all-cash buyers. Cash purchases made up 32 percent of transactions in November, up from 30 percent a year ago. Investors made up 19 percent of sales.

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

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.

Deer Valley, Utah
Courtesy of Resorts West Real Estate

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.

PHOTOS: The Country’s Hottest Ski Towns Go Contemporary

ASPEN’S MODERN MOMENT

After years in the doldrums, Aspen real estate has come back during the past two years. And suddenly, some of the area’s highest-priced properties are swerving away from its traditional log-cabin and Victorian architecture to new, modern homes loaded with A-list amenities. “It used to be all timber, logs and stone; now we’re getting a blend of more contemporary architecture,” says Joshua Saslove of Christie’s International Real Estate, whose current listings include a $45 million spec house located just 1½ blocks behind The Little Nell hotel, where part- and full-time Aspen residents Kate Hudson, Mariah Carey and Michael Eisner hang out. The home’s 18,000 square feet of interior space includes an indoor swimming pool, bowling alley, shooting range, two elevators and a garage with a lazy Susan device that can rotate cars.

At the former Don Henley estate in nearby Woody Creek, Colo. (where Nancy Pelosi has a winter home), the eight-time Grammy winner’s original farmhouse still is part of the $27.5 million spread. But now that home has become the guesthouse, playing second fiddle to the main house, a newly constructed 12,000-square-foot glass-and-concrete structure that angles around a massive rectangular pool.

Perhaps there is no more striking symbol of the shift than the new building that will house the Aspen Art Museum, due to open in 2014. Designed by the highly conceptual Japanese architect Shigeru Ban, the striking structure will dominate Aspen’s downtown area. “This is four times larger than its previous museum, and it is definitely going to be a state-of-the-art space that will be great for the city,” says Bob Gersh, co-owner of the Gersh Agency, who has a home in the city and is a board member of the museum.

STORY: Bob Gersh Joins the Board of the Aspen Art Museum (Exclusive)

“This is going to change the landscape of downtown Aspen into something more hip and cosmopolitan,” says BJ Adams, owner of real estate firm BJ Adams and Co. She also sees a new wave of residential development hitting downtown with penthouse homes built on top of the area’s rapidly evolving commercial spaces: Dolce & Gabbana and Helmut Lang will occupy the recently razed Gap space, while an Officine Panerai replaced an organic food store earlier this year.

Not that it’s all about high design. Earlier in 2013, Jack Nicholson‘s Victorian in Aspen’s West End sold for $11 million (the actor purchased the property with record producer Lou Adler in 1980 when neither could get good enough television reception for Lakers games from their respective Aspen homes). And at nearby Meanwhile Ranch, a 56-acre Snowmass Canyon spread that’s on the market for $15.95 million, its 12,000-square-foot main home still exemplifies the area’s penchant for supersize log-cabin construction. “Michael Jackson rented this property out and had blacked out every window on the property,” says BJ Adams agent Gary Feldman. Its greatest amenity, however, has nothing to do with rotating rides or indoor pools: “The property comes with an easement, which means that owners have rights to go through Ringo Starr‘s property directly across the street to get to Roaring Fork River.”

TAHOE’S TWO-SIDED MARKET

Straddling California and Nevada, the mountaintop getaway of Lake Tahoe has seen some of the most significant rises in real estate values compared with other ski towns. For design lovers, Martis Camp, located on the California side, has become a magnet for top Los Angeles architects and designers. L.A. architecture firm Marmol Radziner (whose clients include Tom Ford) has just completed its second commission in the 2,177-acre private community, while interior designer Jamie Bush (Nina Jacobson, Rich Ross) is finishing up an 8,000-square-foot contemporary for former Facebook vp and current venture capitalist Chamath Palihapitiya. “This is where the serious money are building homes,” says Bush.

But the even bigger money is moving in on the Nevada side of Tahoe, says real estate agent Kerry Donovan of Chase International. Case in point: Larry Ellison‘s massive in-construction compound. “This year, we’ve seen almost $200 million in sales on the Nevada side, mostly in Incline Village and Crystal Bay,” Donovan says. “Much of that has to do with Proposition 30 in California, which has raised income taxes. That’s not the case here, and that has got the market moving.”

This story first appeared in the Jan. 3, 2014, issue of The Hollywood Reporter magazine.

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.

Homebuyers looking for bargains this winter/Inman News

Click Here for the Full Article by Inman News – Homebuyers looking for bargains this winter

winter_home_shutterstock_18597887-300x200

Average Days on Market Across the US by KCM blog

Average Days on Market

Price Reduced in Alpine Meadows, CA! $309,000 1640 Upper Bench

Home Prices Rebound-Back to 2003 Levels

NEW YORK (CNNMoney) — In another sign of a turnaround in the long-battered real estate market, average home prices rebounded in July to the same level as they were nine years ago.

According to the closely watched S&P/Case-Shiller national home price index, which covers more than 80% of the housing market in the United States, the typical home price in July rose 1.6% compared to the previous month.

It marked the third straight month that prices in all 20 major markets followed by the index improved, and it would have been the fourth straight month of improvement across the full spectrum if not for a slight decline in Detroit in April.

The index was up 1.2% compared to a year earlier, an improvement from the year-over-year change reported for June. While home prices have been showing a sequential change in recent months, it wasn’t until June that prices were higher than a year earlier.

The July reading matched levels last seen in summer 2003, when the market was marching toward its peak in 2006. The collapse of the market after that led to the financial crisis of 2008.

“The news on home prices in this report confirm recent good news about housing,” said David Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. “Single-family housing starts are well ahead of last year’s pace, existing home sales are up, the inventory of homes for sale is down and foreclosure activity is slowing.”

Record low mortgage rates and a tighter supply of homes available for sale have helped to lift home prices. Lower unemployment also has helped with home prices, although job growth in recent months has been slower than hoped.

Earlier this month, the Federal Reserve announced it would buy $40 billion in mortgage bonds a month for the foreseeable future. This third round of asset purchases by the central bank, popularly known as QE3, is its effort to jump start the economy through even lower home loan rates.

Related: Best home deals in Best Places

Mike Larson, real estate analyst with Weiss Research, said part of the improvement in the housing market is due to investors using the low mortgage rates to buy up homes that are in foreclosure and renting them in a strong rental market.

But he said that he doesn’t think there’s much chance of housing prices forming any kind of new bubble in the foreseeable future.

“Clearly the worst is behind us for this market., but this is not a market that is going to take off again,” he said. “While you have a firming up, you still have tight lending standards and people who have been burned are reluctant or unable to get back in the market.” He predicts it will take several more years before housing prices can gain more than 1% to 2% a year.

Related: Buy or rent? 10 major cities

But that is good news for a housing market that was plagued by plunging home values and high foreclosure rates for much of the last six years. And the good news has the potential to build on itself, said Joseph LaVorgna, chief U.S. economist for Deutsche Bank.

“Housing remains a rare bright spot in an economy that is otherwise muddling through,” he wrote in a note to clients Tuesday. “The price trend for housing is significant, because it provides economic stimulus via stronger household balance sheets.”

Correction: An earlier version of this article incorrectly reported that home prices had reached a 9-year high. In fact, they rebounded to the level last seen in summer 2003, before their peak several years later. To top of page

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.

I wanted to share with you an exciting announcement that is being released this morning regarding Squaw and Alpine’s participation in The Mountain Collective. See the release below and the link to a video describing this new pass: http://www.themountaincollective.com/

This is a new pass that includes Alta; Aspen/Snowmass; Jackson Hole; and Squaw Valley/Alpine Meadows. I know that you will help us spread the word about this new product that offers passionate skiers and riders four of the premier resorts in the U.S.

Starting with my original conversation with Aspen’s CEO, Mike Kaplan at Aspen this past winter, the evolution of this product, like all of the mountains involved, has been remarkable. Supported by extensive guest research, analysis and our collective passion for the mountains, this portfolio of mountains, represents without question the resorts customers in North America and around the world dream about. I’ve already received an inquiry from some friends of ours involved in the ski business over in China, so it’s clear that the message and interest is resonating at a global level.

We’re proud to continue leading and the advancing of Squaw Valley and Alpine Meadows on the North American and the world stage!

Best regards,

Andy

Andrew D Wirth

Interim Chairman

Lake Tahoe Winter Games Exploratory Committee Board of Directors

– – –

President and Chief Executive Officer

Squaw Valley Ski Holdings LLC

Alpine Meadows & Squaw Valley

530.584.6210

Post Office Box 2007 | Olympic Valley, California 96146

Pacific Fine Arts Festival in Tahoe City, Ca.

Pacific Fine Arts Festival returning this summer
August 17-19 and August 24-26

Pacific Fine Arts Fetival
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. Providing a unique venue for patrons to view original handmade creations while enjoying the outdoors, this free event take places over two weekends, August 17-19 and August 24-26 from 10 a.m. to 5 p.m. each day, at the Boatworks Marina Green in Tahoe City, an open grassy area overlooking Lake Tahoe between the Boatworks Mall and the Tahoe City Marina at 760 N. Lake Boulevard right off Highway 28. For more information, contact Pacific Fine Arts Festivals at (209) 267-4394, or visit www.pacificfinearts.com.
PFA Tahoe

Take the opportunity to experience the finest in paintings, drawings, photography, sculpture, ceramics, graphics, and jewelry at a Pacific Fine Arts Festival near Lake Tahoe this summer. Meet more than 45 award-winning artists and crafts people at these free events. Among this year’s premier artists are ceramicist Brand Henry of Truckee, CA; printmaker Laura Morton of Grass Valley, CA; award-winning jeweler Meg Black-Smith of Nevada City, CA; landscape photographer Kathleen Burks of Fernley, NV; nixed-media painter Karen Hale of Jackson, CA; and glass blower Tim Lazer of Sacramento, CA.

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

MORTGAGE BOND/RATE ALERT!
Mortgage bonds are down big within the last 45 minutes. We are LOCKING all in progress or floating clients immediately. This is a heads up that this is significant enough that we WILL see mid-day rates sheets re-price for the worse, across the board. Rates tomorrow should again be higher.

Moreover, this is primarily happening because of two things: 1) European Central Bank announcing plans to purchase debt in Spain & Italy (really only a short term solution), and 2) Fed Chairman Bernanke & indications he’s giving as to whether or not the Fed will do a 3rd round of Quantitative Easing (QE3).

See the live snapshot of conforming mortgages bond chart attached (last 3 months). Reminder that higher bond prices = lower rates, and vice versa. As you can see, today is a significant drop. Estimating rates could be ~.25% – .375% higher tomorrow morning, depending on how the rest of the day shapes up.

Odette Mortgage-Ephraim Schwartz

The Advantages of Pre-Approval

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The New York Times

The advantages of preapproval

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 preapproval.

Making sense of the story

  •   The differences between mortgage prequalification and preapproval are significant. Prequalifying for a mortgage is based solely on what a borrower discloses to the loan officer or broker about his/her earnings, credit score, and total assets, including what is available for a down payment. By contrast, a preapproval requires a borrower to provide documentation of his/her income and assets.
  •   The lender typically pulls the borrower’s credit report and score, while the borrower gathers together almost everything else needed for the actual mortgage underwriting: W- 2 wage statements; 1099s; recent pay stubs; bank statements; and statements from Individual Retirement Accounts and 401(k)s; and other assets that could show the borrower has the resources to buy and maintain a home.
  •   At one of the country’s largest mortgage lenders, Wells Fargo, the first quick review provided by an underwriter constitutes an agreement to lend. Other lenders may treat preapprovals as more of an opinion on the person’s ability to borrow, not a guarantee to lend.
  •   With so many homes receiving multiple offers, a preapproval is more important in today’s marketplace.
  •   The preapproval letter should include the amount a borrower is qualified to borrow, as well as the loan officer’s contact information. Some letters may have an estimated monthly payment, but details about the loan time and interest rate are not included.
  •   Timing also is important. Buyers should aim for obtaining a preapproval letter from a lender within 30 to 60 days of the expected purchase date. That is because some letters expire in 90 days.Read the full story

    http://on.car.org/Kuo2Pm

Squaw Valley 1st Time Home Buyer Speaker Series June 21st!

Come join this informative event!  1st Time Home Buyer Speaker Series with a Real Estate Agent, Title Rep and a Mortgage Broker!

 

Top 10 Turn Around Housing Markets by State

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%. There is one catch for home buyers, however: mortgage availability. Lending conditions are still tight. Without this significant issue, the housing and economic recovery could be proceeding at a much stronger pace. Indianapolis was the most reasonably priced housing market in the U.S. In fact, 96% of all homes sold in the metro area could be easily afforded by the typical family, according to the report. Wages in Indianapolis are reasonably high with the median family income at $66,900, about $2,000 above the national median. Meanwhile, the median price for homes sold there during the first three months of 2012 was $102,000. Other major markets that ranked high on the most affordable list included Dayton, Ohio, where 94% of homes sold could be purchased by a typical family; Lakeland, Fla., with a 93% affordability score and Modesto, Calif. at 93%. In contrast, New York City’s housing market was ranked as quite expensive, where only 31% of homes sold were affordable to median income families, who earned $69,200. The median home price in the metro area was a whopping $400,000. Other least affordable large markets included San Francisco (40%), Honolulu (48%), and Los Angeles (50%).
http://money.cnn.com/2012/05/17/real_estate/affordable-home/index.htm?iid=SF_E_R
iver

 

 

Brian Sly

President

Brian Sly and Company, Inc.

Registered Investment Advisor and Consulting Corporation

Please click on the below link to access the resort sales stats

Western Mountain Resort Alliance 1st Quarter stats for 2012

The Western Mountain Resort Alliance is composed of boards of REALTORS® of destination ski resorts in the Mountain West. The alliance was formed in January of 1996 at a meeting in Vail, CO with the presidents of the various boards or REALTORS® attending. At this meeting, the various presidents discussed and came to the realization that geographic boundaries were no longer as important as the common bond that we share as resort REALTORS®.

Demand for Lake Tahoe Homes under $500k up!

Homes at Lake Tahoe are becoming more affordable for the first-time home buyer for the first time since 2001, but it’s unlikely to last long.

Homes in the lower-priced segment of the Tahoe market are in demand, a first-quarter existing homes sales report by Chase International shows.

“Lakewide, the units in single-family homes are up by 15 percent from the same time last year,” said Sue Lowe, senior vice president and corporate broker for Chase International. “We are just seeing little to no inventory in homes under $500,000 around most of the lake.”

 

 

Click this link to read the full article in the Reno Gazette Journal.

http://www.rgj.com/article/20120429/BIZ02/304290014/Real-Estate-Demand-up-Lake-Tahoe-homes-under-500K?odyssey=mod%7Cnewswell%7Ctext%7CBusiness%7Cp&nclick_check=1

 

Making Home Affordable Programs – including HAMP, HAFA – Extended and Expanded through December 31, 2013.

The Treasury department recently released Supplemental Directive 12-02 officially extending the term of all Making Home Affordable programs – including Home Affordable Modification Program (HAMP), Home Affordable Foreclosure Alternatives Program (HAFA), the Unemployment Program (UP), and Second Lien Modification Program (2MP) through December 31, 2013. The program extensions come on the heels of the expansion and extension of the Home Affordable Refinance Program or HARP, also through December 31, 2013.

Luxury Housing Markets Heat Up

Luxury Housing Markets Heat Up

April 13, 2012

While many markets continue to languish with more price declines and  so-so sales, one real estate sector is red hot, and you might be  surprised at which one it is.

Even with the economy just starting  to pull out of the doldrums, the luxury market has come roaring back in  recent months according to experts, and that could signal good things  ahead for U.S. real estate.

“There is very little inventory,  which is driving a lot of activity,” says Richard Smith, president and  CEO of Realogy Corp., a global provider of real estate and relocation  services. “You’re getting multiple offers and quick sells. It’s not  uncommon in New York City to see a co-op or an apartment go on the  market and two days later it’s gotten 10 offers and it’s sold. That’s  becoming pretty typical of New York City.”

[See today’s best photos.]

Other  high-end markets in Boston, Greenwich, Conn., the Hamptons, and Miami,  Fla., are seeing increased activity as well, Smith says.

Even  far from the hustle and bustle of major city centers, real estate  watchers have seen luxury markets heat up. In Bozeman, Mont., ERA broker  owner Robyn Erlenbush has already seen the same number of closings and  pending sales three months into 2012 as she did halfway through 2011.

“There’s great energy in our market,” she says.

Why  are buyers suddenly scooping up more high-value properties? Lack of  selection does play a role, but sellers have also become savvier when it  comes to pricing their properties. On the flip side, would-be  buyers have become more realistic about prices as well, sensing that they aren’t likely to drop much farther.

“These are  high-end buyers that have been sitting on the sidelines for long enough  and pricing is not going to get any better,” Smith says. “These are  people who are smart enough to know that you can’t really call the  bottom of the market—you can get close, but if you miss it, prices start  escalating pretty quickly.”

[Read: Michelle Obama Remains Consistently Popular.]

The  uptick in buyers plunking down mega-bucks for mega-mansions could bode  well for the broader market, Smith adds. While it’s not likely the  average Joe looking to buy a $200,000 home in Columbus, Ohio, will take  his cues from multimillionaires purchasing second homes in the Hamptons,  it could give more credence to the idea that the housing market could  be on the mend.

“If I’m in a market and I see the very  high-end buyers grabbing the headlines, it tells me that people who are  astute investors—when you’re buying a $30 million property, you’re  probably pretty astute—think things are starting to improve,” Smith  says. “Is there a bleed-over effect? Probably.”

Foreign  buyers have given some luxury housing markets such as Miami a shot in  the arm, Smith and other experts say, with healthy interest hailing from  locales as diverse as Russia, China, Canada, and Brazil.

[See the latest political cartoons.]

“We  have an influx of Russians because it’s like their winter Riviera,”  says Coldwell Banker Realtor Jill Eber, who specializes in luxury real  estate, adding that current “bargain” prices have given foreign buyers  incentive to move into the American housing market, especially popular  vacation spots such as Miami.

Her colleague, Realtor Jill  Hertzberg agrees. “Many of them are buying very big properties. You  can’t buy a single-family home in the middle of Moscow on a gorgeous  waterway,” she says.

And Hertzberg doesn’t think the  resurgence of activity in the luxury market is a flash in the pan. “I  think it’s going to sustain,” she says. “It’s definitely continuing.”

mhandley@usnews.com

Twitter: @mmhandley

 

 

Media Contact:  Katie Shaffer

                                                                                          Switchback PR + Marketing, Inc.                                                                                                                                    530-550-2252

                                                                                                katie@switchbackpr.com

 

For Immediate Release

 

Chase International Reports

Market Beginning to Rebound

~Significant Improvement seen in lower-segment of Tahoe market~

 

Zephyr Cove, Nev. (April 9, 2012) – First quarter home sales at Lake Tahoe show an improved market compared to last year’s numbers for the same period, according to a quarterly report released by Lake Tahoe-based real estate firm Chase International.  One noticeable and positive statistic was an impressive 15 percent increase in units sold around the lake, with the lower end of the market jumping 18 percent.

 

“The inventory in the lower segment of the market is disappearing around the lake,” said Susan Lowe, corporate vice president for Chase International.  “Even though the average and median price has gone down from the first quarter last year (which saw many lakefront sales during that 2011 period and which we have not seen this year), the market is showing signs of recovery because the supply is vanishing.”

The Chase International 2012 first quarter report also shows dips around the lake overall in regard to sales prices from one year ago, which is reflected by the median price of a home in Lake Tahoe which is now $317,000 and the average home price which is $623,645, down 25 percent and 31 percent respectively.

Truckeeis showing signs of recovery overall but especially for real estate sales over the $1 million mark.  Specifically, theTruckeemarket stats report a whopping 175-percent increase in units sold over $1 million from four sales at this time last year, to a notable 11 sales this year.

 

The condominium market aroundLake Tahoeexperienced declines for all segments of the Tahoe market.  The number of total condo units sold was down 18 percent.  Average prices are down 35 percent and the median price is down 7 percent.

 

 

Headquartered in Lake Tahoe, Nevada since 1986, with eight offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Truckee, South Lake Tahoe and Reno) and one in London, England, Chase International and its exclusive affiliations handles a large share of the country’s property. A recognized leader in the world of real estate, Chase International continues to grow.  With 240 professional Realtors® boasting an array of industry certifications and the highest volume per sales agent in the area, Chase International successfully represents homes at all price levels.  For more information about Chase International, visit www.chaseinternational.com.

 

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Click Here for the 2012 1st Quarter Stats for Squaw Valley

Click Here for the 2012 1st Quarter Stats for Truckee 

2012 1st Quarter Sold Stats for All Areas Around Lake Tahoe

Click Here for the 2011 Top Company Comparison charts

Ultimate Proof I Believe NOW IS THE TIME TO BUY!

Ultimate Proof I Believe NOW IS THE TIME TO BUY!

by Steve Harney on April 10, 2012

I truly believe that now is one of the greatest times in American history to buy a home whether it is a primary residence, a vacation home, or an investment. Cynics may believe I speak highly of the benefits of owning real estate simply because I am in the industry as a speaker and lecturer. I want to prove that I believe in the advice I have given to our readers.

Yesterday, my wife and I were absolutely thrilled to receive the mortgage commitment on the small condo we are buying in South Beach, Florida. We are looking forward to enjoying our winters in Miami in the future. We are also excited that the condo will be able to be passed down to our children and eventually their children; enhancing our lifestyle and building family wealth at the same time. That’s exciting!!

BREAKING: BOREAL TO PURCHASE SQUAW, ALPINE; VAIL TO BUY INCLINE VILLAGE….Just read on Tahoe Quarterly; Boreal, backed by Utah-based Powdr Corp., completed an 11th-hour deal last night to assume ownership of Alpine Meadows and Squaw Valley from previous owner KSL. Buoyed by excellent snowmaking, Boreal was positioned to move in on two of the jewels of the Sierra. The deal-making wasn’t done with …Squawlpineal, though. Early this morning, Colorado-based Vail Resorts purchased the rights to Incline Village, it’s third large purchase in the Tahoe area in as many years. “Vail is pleased to bring in a town, not just a resort, where our customers can feel completely at home from day 1. This is a turnkey deal for us, no vagrant hippies to price off of our property or scare our clientele. Incline is ready to go,” according to a press release issued by the company, which already owns Heavenly, Northstar California and recently purchased Kirkwood.

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

Click Here to View The 2011 Year End Statistics plus Price Band Charts for Squaw Valley Ski Area

Is the Housing Market Actually Recovering?

Is the Housing Market Actually Recovering?

by The KCM Crew on March 13, 2012

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’.

There are two aspects that must be evaluated: house sales and house prices. They will not recover at the same time. Sales are already increasing rather nicely while prices will still soften in many markets through 2012.

Home Sales

The National Association of Realtors (NAR) issues a Pending Home Sales Report each month. We can see by the graph below that sales have been increasing nicely over the last twelve months. Real estate professionals across the country are reporting that activity has increased compared to last year. The sales side of the recovery is starting to show great promise.

Home Prices

Many price indices have shown that national home prices are continuing to stumble. Even with demand increasing, we must look at where the supply of housing stock stands. Though ‘visible’ inventory (homes currently on the market) is shrinking, there is still a large overhang of ‘shadow’ inventory (foreclosures about to come to market as a result of the National Mortgage Settlement). This increase in inventory will outpace the increase in demand and thereby cause prices to continue to soften in many parts of the country.

Bottom Line

Housing is coming back. However, sales will come back before prices. We will not see prices appreciate until we work through the oversupply of homes on the market.