Interest Rate Predictions by KCM


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


Gentry Magazine May 2014

Gentry Splash

Thinking of a Vacation or Retirement Home? Buy It Now

by The KCM Crew on September 19, 2012

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

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

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

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

Chase’N Around Lake Tahoe August 2012 Monthly Newsletter

Chase’N Around Lake Tahoe
August 2012

Luxury Real Estate:
Real Estate:


Downhill Ski Areas:


X-Country Ski Areas:


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

:: Local Events of the Month

:: Featured Restaurant

 California Home Prices by County

UPDATED: 2nd Quarter Stats for Tahoe Donner in Truckee

For Luxury Real Estate “The Year of Capitulation”

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



 Featured Property
Just Listed! Bank Owned

Click Here for More Information 

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

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


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

Luxury Ski Lease in Squaw Valley

The Broken Arrow Lodge

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




   Truckee: Truckee River    Regional Park

   10500 Brockway Rd off      8 am-1 pm,


Kings Beach: Kings Beach SRA

Highway 28 at Bear Street from 9 am-1 pm



Tahoe City: Commons Beach

Beach Rd and N Lake Blvd 8 am – 1 pm

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

Foothill Farmers

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


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

Click Here for More About This Festival

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

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


Peaks & Paws

Saturday, August 25th & Sunday, August 26th

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



With Summer Comes Construction…

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

 Summer Wine Dinners

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


 trinkie and dave

Trinkie Watson, CIPS,CLHMS 

David Gemme, CRS

530.582.0722 Office

[email protected]


chase logo




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

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.

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.

USDA 100% Financing Program!!

If you’re not familiar with the USDA 100% financing program, I am happy to inform that there is money available for PURCHASE transactions. If you have any clients looking for primary residences in the Tahoe Area, this could be a great low (NO) down payment option.


· 1 loan – 100% financing

· No mortgage insurance

· 30 year fix

· Current market rates

· Owner occupancy required

· Maximum Income limits:

o $79,550 (1-4 person family)

o $105,000 (5-8 person family)

· Credit: There is no minimum credit score, but credit is very much considered in the evaluation of overall credit worthiness. 700+ is a good place to be.

· Property: Must be in what the USDA considers a “rural” area. Fortunately, Truckee qualifies. Properties can be verified here:

· Debt to income ratios: 41%

· US Citizenship

· Residential properties only. May not be used for income production.

· Home must be structurally sound, functionally adequate, and in good repair.



Ephraim Schwartz

Partner, Mortgage Consultant CMPS

O’Dette Mortgage Group

530-550-5725 (Tahoe office)* 11209 Brockway Rd.. #304, Truckee, CA 96161

415-297-8514 (Cell)

866-304-8323 (fax)

NMLS# 305985

Here is the 2011 year end price banding charts for Lake Tahoe area.

Chase’N Around Lake Tahoe September 2011 Monthly Newsletter

Chase’N Around Lake Tahoe
September 2011


In This Issue

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

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


lake tahoe estates com



August-September Pending and Sold Stats 

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

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

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

Lakefront Statistics for
January – September 2011

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

Incline Village – 1 sale $9,050,000

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

South Lake Tahoe – 1 sale – 2,630,000

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

 Chase logo

 August Supply and Demand Chart

August Sales Price vs List Price

Luxury and Vacation Homes Are Selling12565 Settlers

by The KCM Crew on September 2011

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



Golf Membership Changes

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



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


Summer Newsletter 

 Contact Trinkie or Dave for more info.


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

  What is a QR Code?


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

Featured Property

  tahoe real estate

Buckhorn Ridge Manor!

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

Click Here for the Virtual Tour 

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


3061  Luxury Home in Squaw Valley USA

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

Tahoe Forest Hospital Cancer Center Truckee

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



 Help us Support High Fives Non Profit Foundation…

The Push - A South Pole Adventure

The Push – A South Pole Adventure

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

lake tahoe marathon

The 16th Annual Lake Tahoe Marathon Schedule of Events

tahoe century September 24th



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


farmers market


Truckee:  River Regional Park

 10500 Brockway Rd off Hwy 267

June 7th – October 11, 8am – 1pm



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


4th Annual San Francisco Ski and Snowboard Festival by Snowbomb 

ski fest

November 4th & 5th


Want FREE tickets?  Contact Us



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

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

West Shore Cafe

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



trinkie and dave Trinkie Watson, CIPS,CLHMS 

David Gemme, CRS

530.582.0722 Office


[email protected]


The 4 Seasons Lodge

Amazing Squaw Valley Home for Rent!

Tucked away in Squaw Valley’s most exclusive subdivision with sweeping views of Squaw Valley’s lies one o f the valley’s most spectacular mountain homes. Truly a lodge, in the grandest sense of the term, this home is offer fabulously furnished and decorated by Catherine Macfee and Associates. No expense has been spared by this discerning owner in outfitting the Fours Seasons Lodge. A Huge Great room flanked at each end with massive granite fireplaces literally “floats” in the trees looking out.

3061 Broken Arrow Place, Squaw Valley, CA (Squaw Creek Estates)

5 bedrooms/5.5 bath/4+ garage

Rental Rates:
Monthly Rate – Winter $15K/Summer $12K
Weekly Rate – Winter  $5K /Summer $4K
Nightly Rate –  Winter $1,500/Summer $1,000

[nggallery id=20]

Martis Camp Stats

Martis Camp Golf Club, martis camp, martis camp homes for sale, martis camp real estate, martis camp lots for sale

Martis Camp Golf Club

Martis Camp is the place to buy this summer! This is on of the most exciting developments in the Tahoe area. Below are some real estate stats for Martis Camp sales since 2009. Also, information about the dues at Martis Camp.

Click on the link to view the Martis Camp Brochure. Click on the link to view current Martis Camp Homes for Sale.

Developer Sales Stats

*2009- 53 sales
*2010- 58 sales
*2011- 32 sales
*2011 $ Volume-Over $30 Million
*Overall $ Volume since 2006-$270 Million

Club and HOA Fees

Golf Membership-Vertical Family Membership includes all amenities including unlimited Golf

*$105,000 Initiation Fee
*$15,000 Annual Dues

Social Membership-Includes all amenities, except unlimited golf.  Social members receive 2 tee time (2 foursomes) during off peak hours and pay the guest rate on the course of $135/person.

*$8,100 Annual Dues

HOA Dues-*$260/month

Chase’N Around Lake Tahoe May 2011 Monthly Newsletter


Chase’N Around Lake Tahoe May 2011 Monthly Newsletter



In This Issue

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


lake tahoe estates com

Click Here to Visit Our New Website


Ski Area Market Statistics for the 2010-2011 Ski Season


Rates & Cost of Ownership

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

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

Environmental Impact Report Next Steps

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

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

Stay Informed on the Homewood Master Plan

Featured Property

3600 W Lake

Lucky 13!

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

Virtual Tour

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

west shore  

West Shore Lakefront Rental

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

David Gemme’s Ferrari Test Drive Video

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

MAY 13-16, 2011

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

Race Information for Tour of California


Memorial Day Weekend Open House

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

Click Here for More Informaton

ski day with high fives
The Guys from High Fives

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

For more information on how you can help email us!


Christy Hill

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

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

trinkie and dave 

Trinkie Watson, CIPS,CLHMS

David Gemme, CRS

530.582.0722 Office

[email protected]

10% Off

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

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

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


Offer Expires: September 1, 2011

Cost of Ownership and Purchase

Everyone is asking lately “when is the best time to buy” and when will we see the “bottom of the market”? Below is some information provided by O’Dette Mortgage Group regarding the history of interest rates and determining when really is the best time to buy.

Rates & Cost of Ownership: Properly defining the “bottom of the market” should be the best time to buy and is a function of both purchase price and rate. For a 30 yr fixed mortgage w/ 20% down, a 5% decrease in purchase price will wash with a .5% increase in interest rate. So, if rates are more likely to up 1% before home prices drop another 10%, then the cost of ownership is currently on the rise….point being, NOW is the time we’ll look back years from now and realize was the sweet spot time to buy. Note: rates have already gone up 1% in the past 6 months. Current cost of ownership is approx equivalent to purchasing a home in 1989. The arch enemy of mortgage rates is INFLATION. Anyone watching where rates are headed should be focused on inflation. The Fed is actively trying to create some inflation, so what the Fed is currently doing every day, will indirectly push mortgage rates higher.

Condos: Health of HOA’s are more crucial than ever to loan approvals. Attached you will find a Condo Cert Cheat Sheet that outlines the high level basic requirements for condo approvals.

Confumbo: The high cost conforming (aka “confumbo”) loan limits are currently set to expire in September. We hope these will be extended, but expect Congress to wait until the very last minute to address this debate. Current limits are – Nevada County: $562,500 Placer County: $580,000

Credit Score: Credit score requirement for best case scenario rates continue to tighten. 740 credit score is now top tier pricing for 20% down payment scenarios. Point being, it’s beneficial for clients to speak with us ASAP to complete a pre-approval and understand what is affecting their financing options.

Here are 2 images providing further information. Click on images for enlarged versions.

tahoe mortgage broker

lake tahoe condos

Lake Tahoe Real Estate Ski Area Resort Statistics

These graphs represent Lake Tahoe real estate statistics for the past 4 years (2008-2011). The first 2 graphs shows numbers for Squaw Valley and the last graph represents numbers for Northstar. This information was taken from the Tahoe Sierra Multiple Listing Service. Click on the images below to view larger image and more details.

The first graph shows the median price for all active and sold properties for each quarter of 2008-2010. Real estate stats for the first quarter of 2011 are also included. The area represented is Squaw Valley. The median price of homes for sale has decreased by 38% and the median price of homes sold has decreased by 62%.

lake tahoe real estate, lake tahoe estates

Squaw Valley Median Price Homes Active & Sold 2008-2011

The second graph shows the median price for all properties in Squaw Valley for the past 3 years. This graph shows the median price of homes for sale, under contract, and sold. These are also broken down by quarter. The median price of homes for sale since the beginning has gone down by 46%, the median price of homes under contract has gone down by 51% and the median price of homes sold has gone down by 53%.

Lake Tahoe Real Estate

Squaw Valley Median Price Active, Pending, Sold

This third graph shows supply and demand for property sales in Northstar for each quarter starting in 2008 until 2011. The number of homes for sale has decreased by 70% since 2008, the number of homes under contract has increased by 32%, and the number of sold homes has increased by 2%.


lake tahoe real estate

Northstar Supply & Demand

Lake Tahoe Winter Legacy 2010-2011

Photo #1

Mark McLaughlin is a Weather Historian, Author, and Professional Speaker. He recently wrote about the legacy winter Lake Tahoe experienced this past season and the effects the area can expect over the next few months. Click on the link for more photos and information about The Storm King.

The epic winter of 2011 is finally winding down after pounding the Sierra with enough snow to set new records for seasonal accumulation at major Tahoe resorts. The official 2011 water year won’t end until September 30, but because April, May, and June combined typically provide only 12 percent of annual snowfall and 16 percent of our annual precipitation (summer precipitation is statistically negligible), the worst is likely over.

There hasn’t been enough snow at the Central Sierra Snow Laboratory (CSSL) near Donner Pass this April to bump 2011 past 16th position on the list of snowiest winters since 1878, but the game isn’t over yet and the Storm King might have a few more surprises for us.

Photo #2

In April 1880, Donner Pass was bombarded with a record 25 feet of snow, an impressive onslaught that boosted 1880 into third

place for the all-time snowiest winter.

At the end of March 2011, the snowpack at Norden and Serene Lakes near Donner Pass approached 20 feet deep on the level, with the 17.2 feet recorded at the CSSL the fifth deepest since its establishment in 1946. The heavy snow loads pulled down power and phone lines, while propane leaks in the Serene Lakes community caused an explosion that destroyed a three-story house and forced a voluntary evacuation order.

The seemingly endless storms in March dumped 248 percent of the average precipitation for the month at Lake Tahoe, and left a snowpack nearly double normal. The deluge of precipitation

Photo #3

(combination of rain and snow melted for its water content) did wonders for the water supply outlook for Lake Tahoe and the Truckee River basin, and decisively broke a four year dry spell. In the Truckee River Basin, reservoir storage at major reservoirs were all at or above average, compared to last year when storage

was only 67 percent of normal.

On April 1, water values in the Lake Tahoe Basin snowpack were measured at 173 percent of normal for the date. Last year it was only 87 percent of average. Better yet, Lake Tahoe’s water level has already risen more than two feet since last October, and is forecast to rise another 2.30 feet to its high elevation of about 6,228 feet, just 13 inches below the maximum allowed by federal law. This dramatic rise of 4 to 5 feet in Lake Tahoe will rank as one of the top ten greatest increases since the completion of the Tahoe Dam in 1907.

Photo #4

The enormous Sierra snowpack has the potential to generate flooding on both sides of the range. Historically, peak reservoir inflows from the melting snowpack in the central and southern Sierra don’t occur until mid to late May, so high water issues and flood damage will be a concern for another 8 to 10 weeks.

Flood potential in the Truckee-Tahoe region is classified as above average on Lake Tahoe tributaries as well as the

uncontrolled feeder streams on the Truckee River above Reno. Fortunately, despite the rapid rise this year of Lake Tahoe’s water level, there is still plenty of storage available in Big Blue, as well as in flood control reservoirs like Prosser, Stampede, and Boca, to prevent major damage on the main stem of the Truckee River.

This spring’s massive snowmelt runoff appears controllable at the moment, but all bets are off if an extended heat wave engulfs the region or if a significant rain event should occur.

Photo #1: Snow is melting fast here on North Shore Tahoe, but the snowpack is still substantial for mid-April.

Photo #5

Photo #2: When the snow melts I’ll finally be about to see out of my first floor windows. They’ve been covered since mid-December.
Photo #3: So much snow fell at Squaw Valley in March that the pack began to peel apart.
Photo #4: Deep snow piled up at Serene Lakes is pulling down power

and phone lines.
Photo #5: This front end loader broke down while digging out a storefront. Leaking propane tanks have forced authorities to restrict access to some neighborhoods. One house blew up last week.

Lake Tahoe Real Estate 2011 First Quarter Stats

We have just received the Lake Tahoe real estate market stats for the first quarter 2011. Overall the numbers are looking good!

The first set of graphs compare real estate numbers in 2010 compared to 2011. According to these, there was a 23% increase in sales volume for single family homes and a 7% increase for condo sales. The number of units sold increased by 6% for single family homes and increased by 12% for condos sold. The median home sale price increased by 11% and the average home sale price increased by 29%. The median condo sale price increased by 15% and the average condo sale price decreased by 6%.

The next set of graphs breaks down the real estate sales by area and price band for the first quarter of 2011. The areas included are Incline Village, East Shore of Lake Tahoe, Tahoe City, South Lake Tahoe, Sparks, Reno, and Truckee.

Click on the images below to view more graphs.

Lake Tahoe Real Estate Stats 1st Quarter 2011

Lake Tahoe Real Estate Stats 1st Quarter 2011

Lake Tahoe Real Estate Stats 1st Quarter 2011

Lake Tahoe Real Estate Price Banding

Luxury Condominium Closeout Auction in Lake Tahoe!

Huge event coming up at Squaw Valley! 17 ski-in ski-out luxury condos at the base of Squaw Valley are going to be auctioned on Saturday, April 30, 2011! Great opportunity to purchase some incredible properties at Squaw Valley!

Auction Details:

When: Saturday, April 30, 2011 at 1:00 p.m.

Where: Resort at Squaw Creek, Auction Information Office, 400 Squaw Creek Road, Olympic Valley, CA 961646

Phone: (800) 905-2753

Fax: (530) 584-4099


Click on the brochure for more details.


Stop Listening to Real Estate Agents?

This is a great commentary on the real estate market as it applies to Lake Tahoe, lakefront properties and cabins in the surrounding areas. The lower end of our market reflects low inventory because buyers are taking advantage of great pricing and low interest rates.

The article is entitled Ok. You Win. Stop Listening to Real Estate Agents and was published by the KCM Crew on April 5, 2011.

Each day we attempt to give truthful insight on the current housing market. If Lake Tahoe Realtorwe report what is perceived as negative news, some in the real estate community come down on us hard. However, when we explain that we think now is a great time to buy, we get an avalanche of feedback from the general public attacking us for being nothing more than puppets for real estate agents across the country. Today, we don’t want you to listen to what we think about the opportunities that exist for buyers in this market. Instead, we want to report on what some members of the investment community are saying.

The Wall Street Journal

Jim Woods wrote an article earlier this year for Market Watch, part of the Wall Street Journal’s digital network. Its title: Why your best investment is a house. Mr. Woods compared the investment potential of real estate against other asset classes such as stocks and precious metals. Here was his conclusion.

One reason your best investment right now could be a home has to do with the relative upside of getting in on an asset class while it’s at the bottom versus buying into other asset classes that could be near a top. Consider for a moment the tremendous upside we’ve seen in stocks, precious metals and agricultural commodities over the past 12 months… Read the rest of this entry

Why the Wealthy Are Buying Real Estate

Here is an interesting article recently published by The KCM Blog on March 14, 2011. The article is entitled If Prices Are Falling, Why Are the Rich Buying? The article states that sales for homes over $1 million rose 18.6% last year and homes over $5 million have also increased substantially. Below explains why. Click on the link to read the entire article.

There is an interesting phenomenon taking place in the real estate market. While house prices are falling, the rich are starting to purchase. DataQuickInformation Systems reported last week that sales on homes $1 million or more rose 18.6% last year after four consecutive years of decline. This is at the same time that sales outside of this price point actually fell 2.8%.

And even more amazing is that homes over $5 million have also increased substantially.Housing Wire reported that:

In 2010, 975 homes sold in this bracket, up nearly 14% from the year prior.

Why would the wealthy be starting to purchase especially when everyone is predicting that prices will soften? The people of wealth understand finances. They realize that the COST of real estate is a much more important than its PRICE. With the government attempting to make massive changes to the residential lending business, the wealthy know financing  a home may never be better. They realize it is time to buy. They can purchase a million dollar+ home for a rate lower than at almost any time in history.

Rates are at historic lows and the spread for jumbo loans has shrunk dramatically. As CNN Money explained:

Normally buyers have to take out a jumbo loan to finance any mortgage beyond the $417,000 threshold ($729,000 in high-cost cities such as New York). These loans have higher interest rates because they are considered non-conforming — or higher risk — and are not backed Fannie Mae or Freddie Mac.

In 2009 buyers of high-end homes paid 1.8 percentage points more in interest than the average buyer. But in 2010, that spread had shrunk to just 0.6 points more.

They can also fix that rate for 30 years. The 30-year-fixed-rate-mortgage may be a victim of the new lending reforms. Mark Zandi, chief economist of Moody’s Economicsaddressing the administration’s recent report on reform:

“A private system would likely mean the end of the 30-year fixed-rate mortgage as a mainstay of U.S. housing finance. A privatized U.S. market would come to resemble overseas markets, primarily offering adjustable-rate mortgages.”

Bottom Line

Let’s assume the rich aren’t just lucky. Let’s assume they built their wealth by making good financial decisions. What have they decided about real estate? It’s time to buy.

Home-Purchasing Power Increases

The Wall Street Journal recently featured an article entitled Home-Purchasing Power Increases. The article was published on February 9, 2011 by Nick Timiraos.

This is how markets work. They go in cycles from greed to fear with a “reversion to the mean” over time. This is healthy, though painful for those who bought with leverage at the wrong time and had limited or no “staying” power. Remember, never invest more than you can afford to lose – in anything at anytime.

Home affordability returned to pre-bubble levels in a growing number of U.S. markets over the past year as price declines laid the groundwork for a housing recovery.

Data provided by Moody’s Analytics track the ratio of median home prices to annual household incomes in 74 markets. By that measure, housing affordability at the end of September had returned to or surpassed the average reached between 1989-2003 in 47 of those markets. Most economists believe the housing boom took off in 2003.

During the boom, lax lending and speculation pushed house-price inflation far beyond the modest rise in household income. Nationally, the ratio of home prices to annual household income reached a peak of 2.3 in late 2005. But by last September, it had fallen to 1.6, matching the lowest level in the 35 years the data have been collected and well below the historical average of 1.9 between 1989 and 2003.

“Based on incomes, this is as affordable as it gets,” said Mark Zandi, chief economist at Moody’s Analytics. “If you can get a loan, these are pretty good times to buy.”

But the bad news is that those price declines are leaving more borrowers underwater, or in homes worth less than the amount owed.

Nearly 27% of homeowners with a mortgage were underwater at the end of the fourth quarter, up from 23.2% in the previous quarter, according to data to be published Wednesday by, a real-estate website.

The increase resulted from a 2.6% decline in home values during the quarter and the fact that fewer homes went through foreclosure after banks halted foreclosures to correct document-handling errors.

Many economists and housing analysts expect an additional decline of 5% to 10% before prices reach bottom later this year or early next year. Housing demand remains weak because buyers are skittish about the economy and lending standards are tight.

Markets that now appear to be undervalued include Detroit, Las Vegas, Atlanta and Phoenix. Even in such markets, high rates of foreclosure and underwater borrowers should keep downward pressure on prices. “They’re undervalued, but they’re going to get even more undervalued,” said Mr. Zandi.

Measuring home prices relative to income is not the only way economists calculate housing affordability. They also examine the relationship between house prices and rents. Measured by the price-to-rent ratio—the price of a typical home divided by the annual cost of renting that home—prices are fairly valued, or undervalued, in around 20 markets. Nationally, the price-to-rent ratio stood at 14.85 at the end of September, above the 1989-2003 average of 12. The data suggest pockets of the country have further to fall.

Home prices still remain overvalued by both measures in several markets, including Seattle, Charlotte, New York and Portland, Ore.

Based on rents, “it’s still not a slam dunk to buy” in those markets, said Mr. Zandi. He said markets appeared most overvalued in the Pacific Northwest, which was among the last regions to enter the housing downturn.

The cost of owning a home looked less affordable based on rents than on incomes in part because rents also fell through 2009 and the first half of 2010. As rents rise, that could tip the scale back in favor of owning in some areas.

Of the 74 housing markets, Baltimore appeared to be the most overvalued. By contrast, prices in Cleveland, the most undervalued market, have returned to 1991 levels based on the price-to-rent ratio.

Historical measures comparing rents and incomes with home prices provide a useful gauge of affordability, but can be imperfect at measuring how close different markets are to recovering from a bubble.

After a severe housing downturn, home prices rarely stop falling once they reach equilibrium.

Creating Next Years Price Today Continued

Ski Area Supply vs. Demand

In my last Blog post I stated we are starting to see that the real estate market is showing signs of leveling based off of a Price Comparison.  There is still great potential for the prices to drop in most markets over the next year, but there are pockets/neighborhoods within the Lake Tahoe market that may be arriving at bottom sooner than others. Most of these are the markets directly surrounding the ski resorts.  I believe these Exclusive Markets (defined as an area with limited home sites because of the desirability or other environmental factors which prevent endless development and sprawl) have what it takes to offer the luxury and adventurous buyer a lifestyle purchase. Because of this lack of supply, many of the buyers are stating their price they want to pay and getting in now before it is too late.

In all three of the market comparison below, the Road to Recovery is well under way and here’s why.  In all 3 Ski Destinations the supply is down an average of 48.9% from 2008.  While we see an increase in demand equal or greater to that of the last quarter of 2007.  An increase in demand coupled with less supply means that shortly the sellers in this area (if they are priced in market) will start to see an asking price equal to sale price. In Alpine, we are already seeing this.  Of course there would be the occasional overly motivated seller or a property which will compete with distressed properties.   What I have witnessed in each of these markets (because of their luxury pricing or lack of first time buyers) is a majority of the buyers have purchased with low LTV’s or mostly cash.  This has created greater stability with less volatility; which “in theory” should allow a faster recovery and leveling in the market.  This combined with the fact that the subdivisions are mostly built out, the good properties haven’t been put on the market, is creating a demand even for the Fixers and properties on good lots with great views.

See the Graphs below:

Northstar Single Family Residence Median price of For Sale, Under Contact, and Sold Properties (There are 653 SFR, 29 lots, and 817 Condos according to First American Title Company).

Alpine Meadows Single Family Residence Median price of For Sale, Under Contact, and Sold Properties (448 SFR, 192 lots and 129 condos according to First American Title Company).

Squaw Valley Single Family Residence Median price of For Sale, Under Contact, and Sold Properties (540 SFR, 68 Lots and 968 Condos according to First American Title Company)

Complete recovery may be a year or two away, but interest rates are low, and asking price is not equaling sale price as of yet.  So create next year’s price today, capture a low interest rate, and make your dream of Ski Area home happen today.  Stay tuned next week . . . “Today is a good day to sell, and a great day to Buy” – where we explore the top 5 reasons to sell and the top 5 reasons to buy.  For questions and comments contact us at [email protected] or “LIKE” our face book page.

Create Next Year’s Price today Continued

A dialogue of Ski Area properties in the Lake Tahoe area

In my last Blog post I stated we are starting to see indicators that the real estate market is showing signs of leveling. One indication is investors buying up inventory that has been on the market a long time, and they are, in a sense, “creating next year’s price today”.  After writing that blog, I had several conversations with clients and fellow Realtors, discussing the indicators of what that looks like.  This provoked me to analyze some data in our local market and compare these markets because they are what I like to call The Exclusive Markets -defined as an area with limited home sites because of the desirability or other environmental factors which prevent endless development and sprawl. See the 3 charts below, representing a 3-year quarterly sample of our 3 biggest ski resort communities (Squaw Valley, Northstar and Alpine Meadows).  Each one of these communities is unique, so it would be a shame to bulk them together because they offer such diverse terrain, inventory and amenities. Yet, within each of these communities there is a broad range of inventory.  We have seen an increase of Sold and Pending properties, especially in the fall of 2010, and a decrease of new listings.  This is a combination of many factors:

1.        Affluent owners not needing to sell because they do not want to lose money, so they let their listings expire and choose NOT to relist.

2.       Good deals and quality well-priced inventory being purchased usually at less than 60 days on the market.

3.       Tired sellers with functionally obsolete properties taking the first offer that comes in.  This is what the investors are feeding on, and many of the investors feel they have done well . . . and the good news is – they have!

Northstar Single Family Residence Median price of For Sale, Under Contact, and Sold Properties (There are 653 SFR, 29 lots, and 817 Condos according to First American Title Company)

Squaw Valley Single Family Residence Median price of For Sale, Under Contact, and Sold Properties (540 SFR, 68 Lots and 968 Condos according to First American Title Company)

Alpine Meadows Single Family Residence Median price of For Sale, Under Contact, and Sold Properties (448 SFR, 192 lots and 129 condos according to First American Title Company)

In all three of these markets, the median price of Sold properties increased compared to the median price of the newly listed properties.  This, in my opinion, is the sign that demand is increasing because prices have dropped and will continue because of the lack of good, well-priced homes.  Stay tuned next week when I compare the same data analyzing it from Supply and Demand, not reflective of price.  For questions and comments contact us at [email protected] or “LIKE” our face book page.

Good News for Lake Tahoe Home Sales!

The Reno Gazette Journal recently published an article with great news for the Lake Tahoe real estate market! The article was entitled “Tahoe Homes Stage Comeback.” For 2010 many areas around Lake Tahoe saw an increase in real estate numbers compared to 2009. The median home price is a down a little compared to 2009 but the number of units is up in every area!

Click on the image to view PDF version of article. Or click on the link to view the online version of Tahoe Home Sales Stage Comeback.

Local Events

Check Out Some Live Music!

Friday 14th:

Truckee/Cottonwood~Bourgeois Gypsies 7 pm

Tahoe City/Jake’s on the Lake~Emily Tessmer 7 pm

Crystal Bay Club~Martin Sexton Band 10 pm

Tahoe Biltmore~The Robeys 10 pm

Saturday 15th:

Crystal Bay Club~Tea Leaf Green 9 pm

Tahoe City/Jake’s on the Lake~Blue’s Music 9 pm

Crystal Bay Club~Purple Haze 10 pm

Friday January 14th

Homewood Season Pass Holders Party

Kick off the 10/11 season at Homewood’s South Lodge. Gather for your ski party exclusive to pass holders. Listen to live music and enjoy a variety of delicious, hearty appetizers.

Saturday January 15th

Donner Party Snowshoe Hike

11- 12pm Donner Memorial State Park .Bring your snowshoes and meet at the flagpole in front of the Emigrant Trail Museum for a snowshoe tour of Donner Party historical sites in the park. 530-582-7892

Ice Bar Kickoff Party

12 – 3:30pm located at the base of Sherwood Chair at Alpine Meadows live on-snow music, and casual inviting ambiance usually reserved for the beach. Barbecued bratwurst, the hula-hoop contest, or dance to great DJ sounds emanating from the one and only snow cat sound system hybrid, the Alpine Bandwagon.

T.T.S.O. and Chorus is Going Baroque!

7 – 9pm St. Patrick’s Church Incline Village, NV  Handel is Organ Concerto Opus 4 #5, Teleman’s Trumpet Concerto in D minor, Vivaldi’s Concerto for 2 Violins in A minor, and the Bach Cantata #4. Tickets are $25 adults, $20 seniors, and $15 students.

Sunday January 16th

Squaw Valley Institute Presents: Tahoe’s Culture Resort at Squaw Creek. 7 pm. $10 donation. Scott Lankford tells how Tahoe changed, ancient times and Washoe Indian legends until recent history.

Tahoe Donner Wii Night

6:30pm Want to play golf, race a go cart or even sky dive this winter? You can for free every Sunday as part of our Nintendo Wii Night. Challenge other players and pick from a variety of Wii games to play on our 120″ screen.

Full Moon Show Shoe Tour in Tahoe Vista

Adventure through the brisk mountain air and wintery forest. As we travel by moonlight, guides will discuss Natural History and Astronomy topics. Hot drinks, snacks, gear, permit fees and guides. Reservations required.

On March 5th 2010, Grant Korgan suffered an L1 Burst fracture, leaving him paralyzed from the waist down. Donate directly to Grant’s recovery so we can all go back out into the mountains with him. To donate click here!

Lake Tahoe Real Estate Market Stats 2010

The Lake Tahoe real estate stats for 2010 are out! These graphs show 2010 statistics for the real estate market in Lake Tahoe and Truckee.

The numbers shown include sold numbers for the 2009 compared to 2010 for Lake Tahoe and then Truckee. The graphs show sales volume & units sold for single family homes & condos.

Click on the images for enlarged versions of the graphs.