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
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
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?
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.
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.
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.
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.
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: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
· 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.
Partner, Mortgage Consultant CMPS
O’Dette Mortgage Group
530-550-5725 (Tahoe office)* 11209 Brockway Rd.. #304, Truckee, CA 96161
Here is the 2011 year end price banding charts for Lake Tahoe area.
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
Monthly Rate – Winter $15K/Summer $12K
Weekly Rate – Winter $5K /Summer $4K
Nightly Rate – Winter $1,500/Summer $1,000
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.
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
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.
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%.
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%.
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%.
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.
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
(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.
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 #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.
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.
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!
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.
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 we 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
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.”
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.
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 Zillow.com, 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.
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.
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.
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.
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
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
squawvalleyinstitute.org 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. TahoeAdventureCompany.com
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!
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.