Gentry

Gentry Magazine May 2014

Gentry Splash

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…

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

Chase ‘N Around Lake Tahoe February 2014

 

 
Chase ‘N Around Lake Tahoe
February 2014
 

In This Issue
 

Area Real Estate Market Statistics

Real Estate Articles and Information 

Luxury California Property  

Luxury Nevada Property  

Martis Camp Luxury Estates  

Lake Tahoe & Truckee Events

Philanthropy, The Arts, More 

Mortgage Rates Projected to Rise as Tapering Continues

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

California Housing is looking up! 

  Housing affordability finally cools, investors loosen grip

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


Featured Luxury Property
 

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

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


Featured Luxury Nevada

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

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

 34th Annual Snowfest!

February 28th ~ March 9th

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

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

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

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

Annual Celebrity Hound Hobnob at Gallery Keoki Village at Squaw Valley  

February 22, 2014

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

 

 

 

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Trinkie Watson, CIPS CLHMS

Regional Lake Tahoe Broker

530 582 0722  800 783 0722

BRE# CA 00326518  NV  001022  

 

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www.TrinkieWatson.com

 

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Tahoe Sierra Stories

 

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Stay Connected

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Chase’N Newsletter November 2012

Chase’N Around Lake Tahoe
November 2012


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

Downhill Ski Areas:

X-Country Ski Areas:

 

 

 

IN THIS ISSUE

 

:: Market Statistics

:: Real Estate Articles

:: Featured Property for Sale

:: Luxury Best Buy

:: Special Rate Luxury Rental

:: Local Events of the Month

:: Featured Restaurant

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

 

Homes Sales Climb 2% in October

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

 

 

Featured Luxury Property 

Huggy Bear Lodge

 (Available as a Ski Lease too!)

Click Here for More Information 

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

 

 

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

Luxury BEST BUY 

 

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

 

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

 

Agate Bay, Lake Tahoe

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

 

 


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

Thanksgiving Dinner
Tahoe City
Free! North Shore Hawaiian (530) 583-8000
Jake’s on the Lake (530) 583-0188
Dockside 700 (530) 581-0303
Squaw Valley/Alpine Meadows
River Ranch (530) 583-4264
Northstar
The Ritz-Carlton Lake Tahoe (530) 562-3000
Carnelian Bay

Gar Woods (530) 546-3366

Kings Beach

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

 

  Holiday Events!

.

Winter is Here!

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

 

 

Click Here: Ski Shuttle Schedules for different Ski Areas 

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

Mercedes Benz Superdome, New Orleans!

  

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

 

 trinkie and dave

Trinkie Watson, CIPS,CLHMS 

530.582.0722 Trinkie
chase logo

Turn in the Real Estate Market?

Lake Tahoe Real Estate in the News! We are all wondering what is happening with the real estate market and when the turn might be. This interesting article was recently featured in the news and expounds on what is happening with the Lake Tahoe Real Estate Market.

John Seelmeyer of the North Lake Tahoe Bonanza recently published an article on October 15, 2012 entitled Northern Nevada housing market turns sharply, but why? The article states that the real estate market has seen a turn for the better. The article explains that inventory is low and buyers are facing multiple offer situations and much rejection when they begin the search for a home. Our Chase International broker, Craig King comments in this article about the market as well. Click on the link to read entire article. FoxReno.com also featured this article. Click here to read article.

Click on this link to begin your Lake Tahoe real estate search today!

Northern Nevada housing market turns sharply, but why?

RENO/TAHOE — Katie Elliott unfailingly cautions her first-time homebuyers in Reno and Sparks that they’re about to enter a highly competitive arena filled with multiple offers, bidding wars and frequent rejection.

They usually don’t listen at first, says the Dickson Realty agent. But after an experience or two in the fast-changing residential market, a market where it’s not unusual for a seller to get a dozen or more offers within a day or two of listing a property, Elliott’s buyers wise up fast.

The residential market clearly has taken a sharp turn for the better.

Still, there’s disagreement among realty professionals about the reasons that things have become so much better in the past 10 months, and much depends on which school of thought is proven to be prescient.

A handful of statistics summarize the story: The median price of existing homes sold in Washoe County has risen by nearly 30 percent since the start of this year — from $135,000 in January to $175,000 in August.

From July to August alone, the inventory of homes on the market in Reno and Sparks fell by more than 8 percent, says Theresa Thomson, a Realtor with Prudential Sierra Nevada Properties in Reno.

Craig King, chief operating officer of regional brokerage firm Chase International, notes that the current inventory of existing homes on the market — roughly 800 — is half of the figures that were common during the frenzied days of mid-2005.

Plus, King notes, the number of newly constructed houses on the market is only a shadow of the number built during the boom. The question that divides real estate professionals: Why are inventories so tight?

Nancy Fennell, president of Reno-based Dickson Realty, says a year-old state law — everyone knows it as AB 284 — that dramatically tightens the documentation standards on foreclosures is playing a critical role in tighter inventories.

Lenders are sufficiently spooked by the law, which includes criminal penalties, that they’ve dramatically reined-in foreclosures. Statewide, notices of default to homeowners fell from 5,000 in September 2011, the last month before the law took effect, to about 600 a month later. That’s been good news for people who faced losing their home; it’s been bad news for people who want to buy a house and now face higher prices because the supply is so tight, Fennell says.

The Nevada Supreme Court a few days ago validated a part of the disputed process, allowing foreclosure on loans involving the Mortgage Electronic Registration system, a database that tracked loans as they were repeatedly sold and split apart in the secondary market.

AB 284 may get a fresh look from next year’s Legislative session. Even if it changes, much depends on how lenders react — moving foreclosures into the market in a measured fashion or moving quickly to clean up their balance sheets while prices decline.

King, however, thinks that the impact of AB 284 has been dramatically overstated.

“It’s had a limited effect,” he says, noting that the same economic fundamentals that are strengthening the residential market in northern Nevada are at work in once-troubled markets such as Phoenix and Southern California.

Record low interest rates are attracting buyers, he says.

Pent-up demand, particularly among first-time buyers, is driving the market. Young people who’ve lived in their parents’ basements for several years are eager to get into a house of their own.

People who were forced into a short sale during the worst days of the crisis have regained their courage — and their financial resources — and are coming back into the market.

And investors, both individuals and investment funds, are putting money into single-family homes to earn returns better than anything they can get from a bank.

At the same time that those factors are pushing demand, King says a paucity of new-home construction in the region keeps inventories in check. Those market factors, he says, create sustainable growth no matter what the Legislature might do with AB 284.

Whatever the reasons that the market has tightened dramatically since late spring, Thomson says agents are watching new listings minute-by-minute.

“When something comes on the market, you’ve got to get out there with your buyer,” says Thomson. “You don’t want to wait a day. Maybe not 12 hours.”

It’s not unusual, Thomson says, for several real estate agents, their buyers in tow, to be waiting in line outside a newly listed home.

That creates angst among buyers, says Elliott, because they’re spooked about the possibility of becoming the victims of a temporary rise in prices at the same time that they worry that they won’t be able to get into house.

But so far, she says, buyers generally aren’t making ill-considered, panic-driven decisions.

Doing her part to bring more inventory onto the market, Thomson seeks out homeowners who have stopped making payments that they can no longer afford. She tries to convince them to work with their bank on a short sale, rather than hunkering down while they wait for a foreclosure to begin.

And she says more traditional sellers — people who aren’t forced to sell — are beginning to put houses on the market as they’re convinced they might get an attractive price.

All this is cold comfort to families who are weary of bidding wars and drop-everything-right-now visits to newly listed homes.

“Buyers are stressed,” Thomson says. “They just want a house.”

Lake Tahoe Real Estate Market Stats 3rd Quarter 2012

The Lake Tahoe real estate 3rd quarter stats are out! Here is the press release from our broker:

Lake Tahoe Home Sales Continue to Rise

 

ZEPHYR COVE, Nev. (Oct. 11, 2012) – Home sales have continued to rise around Lake Tahoe, where there was a 37 percent jump in units sold and a 16 percent rise in sales volume, according to a quarterly report released by Lake Tahoe-based real estate company Chase International.

 

Homes under and over the million-dollar mark both experienced significant increases in sales (37 and 33 percent, respectively) while overall prices fell around the lake. The median price of a home in Lake Tahoe is $330,000 (down 11 percent) and the average price is $538,289 (down 15 percent). There is promise for home prices however, as the National Association of Realtors is projecting the median existing-home price to rise about five percent in 2012 and 2013.

 

Sales were strong in all areas of Lake Tahoe. Tahoe City saw a 33 percent increase in sales volume and a 42 percent leap in homes sold. Incline Village experienced a 30 percent increase in volume and 44 percent jump in homes sold. South Lake Tahoe came in with a 22 percent rise in volume and 34 percent increase in homes sold, while the East Shore saw a 39 percent decrease in volume (primarily due to a small dip in units sold for more than a million dollars) and a 27 percent rise in homes sold.

 

Incline Village has the highest median home price (down eight percent to $702,000) and South Lake Tahoe has the lowest median home price ($239,000, down 14 percent). Tahoe City saw the lowest drop in median home price (down seven percent to $419,000) while the East Shore had the biggest drop in median home price (down 29 percent to $410,000).

 

There were slight variances in Truckee home sales. The median home price rose two percent to $445,000 while sales volume was up three percent and units sold increased six percent. Ski areas (Northstar, Squaw Valley, and Alpine Meadows) experienced an 11 percent drop in sales volume and nine percent rise in units sold. Homes selling for less than $1 million were up 24 percent.

 

The report compares sales from January 1 through September 30, 2012 to the same time frame of 2011.

2012 3rd Quarter Stats Lake Tahoe Totals

2012 3rd Quarter Stats Squaw Totals

2012 3rd Q Stats Truckee

2012 3rd Q Stats Tahoe Donner

2012 3rd Q Stats Incline Village

2012 3rd Q price banding Graphs

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.

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

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

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.

Guidelines:

· 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.

Best,

Ephraim

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)

www.omglenders.com

NMLS# 305985

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

Chase’N Around Lake Tahoe October 2011 Monthly Newsletter

Chase’N Around Lake Tahoe
October 2011

 

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

 

Downhill Ski Areas:
 

 

X-Country Ski Areas:
 

In This Issue

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

 

September-October Pending and Sold Stats 

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

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

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

 

 Squaw Valley USA and Alpine Meadows Ski Area Combine!

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

 Click Here to Read More

Mortgage Rates at All Time Lows…dwn graph

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

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

schaffer

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

  Contact Trinkie or Dave for more info.

 Featured Property

   rsc

Resort at Squaw Creek Penthouse!

Just Listed!

Click Here for More Information 

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

 3061  Four Seasons Lodge

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

cancer center

Once in a Lifetime Opportunity!

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

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

push event

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

chair

 lake

 

harvest festival
farmers market

TUESDAYS

Truckee:  River Regional Park

 10500 Brockway Rd off Hwy 267

Ends October 11, 8am – 1pm

  

THURSDAY’S

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

 

 

Disabled Sports Far West 22nd Annual

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

Click Here for More Info 

invite

Want to Attend? Click Here to Contact Us

rubicon

 Rubicon Collection

pink party

Buy Tickets Online! Click Here!

 

4th Annual San Francisco Ski and Snowboard Festival by Snowbomb 

ski fest

November 4th & 5th

 www.sfskifest.com

 

Want FREE tickets?  Contact Us

uncorked logo

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

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

Uncorked at Squaw Valley

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

David Gemme, CRS

530.582.0722 Office

[email protected]

 

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Chase’N Around Lake Tahoe May 2011 Monthly Newsletter

 

Chase’N Around Lake Tahoe May 2011 Monthly Newsletter

 

 

In This Issue

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

 

lake tahoe estates com

Click Here to Visit Our New Website

 

Ski Area Market Statistics for the 2010-2011 Ski Season

 

Rates & Cost of Ownership

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

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

Environmental Impact Report Next Steps

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

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

Stay Informed on the Homewood Master Plan

Featured Property

3600 W Lake

Lucky 13!

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

Virtual Tour

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

west shore  

West Shore Lakefront Rental

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

David Gemme’s Ferrari Test Drive Video

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

MAY 13-16, 2011

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

Race Information for Tour of California

homewood 

Memorial Day Weekend Open House

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

Click Here for More Informaton

ski day with high fives
The Guys from High Fives

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

For more information on how you can help email us!


 

Christy Hill

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

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

www.ChristyHill.com

trinkie and dave 

Trinkie Watson, CIPS,CLHMS

David Gemme, CRS

530.582.0722 Office

www.LakeTahoe-Estates.com

[email protected]

10% Off

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

http://www.pullenrentalgroup.com

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

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

 

Offer Expires: September 1, 2011

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