Media Contact: Katie Shaffer
East River Public Relations
530-214-8790
[email protected]

For Immediate Release

Million-Dollar Homes Lead Tahoe Market in 2017

ZEPHYR COVE, Nev. (Jan. 4, 2018) – Spurred by a booming high-end real estate market, Lake Tahoe experienced a 17 percent jump in the number of homes sold over $1 million around the lake over the previous year. The median price of a home is up seven percent to $585,000.

Despite an uptick in price and sale of luxury homes, the overall number of homes sold was down one percent. Volume was up 11 percent. The figures are part of a quarterly report released by Lake Tahoe-based real estate agency Chase International. The numbers compare all MLS home sales from January 1, 2017 through December 31, 2017 to the same time frame of 2016.

Incline Village saw the biggest increases in sales, with a 27 percent jump in volume, followed by Tahoe City with 12 percent. Tahoe City also had a significant increase in the sale of million-dollar homes, up 26 percent. The median price of a home in Tahoe City is up ten percent to $650,000 while Incline Village has the highest median price around the lake at $1,062,000 (up five percent).

South Shore saw a 32-percent jump in the sale of million-dollar homes. The area also has the lowest priced median home of $439,000, a six percent increase from 2016. The South Shore and East Shore saw decreases in the sale of homes priced under $1 million, six and 25 percent, respectively. Lake-wide, homes priced under a million was down four percent.

“Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end,” said Lawrence Yun, chief economist for the National Association of Realtors. “As evidenced by a subdued level of first-time buyers and increased share of cash buyers, move-up buyers with considerable down payments and those with cash made up a bulk of the sales activity last month. The odds of closing on a home are much better at the upper end of the market, where inventory conditions continue to be markedly better.”

The sale of high-end condos (priced over $500,000) also showed considerable improvement, with a 51 percent jump. Tahoe City had a staggering 111-percent increase in volume sold.

The sale of million-dollar homes in Truckee was up nine percent with a four percent increase in homes priced under a million. The median price of a home in Truckee is $673,500, up seven percent from 2016.


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Interest Rate Predictions by KCM

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Luxury Real Estate Magazine features Lake Tahoe California

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DuPont Registry Nixon Mansion Spread April 2015

DuPont Nixon April 2015

Lake Tahoe real estate market picked up steam in 2014

 Lake Tahoe real estate market picked up steam in 2014

 

 

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

 

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

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

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

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

More details are at chaseinternational.com

 

LRE® Press Releases

Chase International Agents Attend First Ever Luxury Connect

Posted by Katie Shaffer

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

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

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

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

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

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

About Chase International

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

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

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

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

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

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

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

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

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

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

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

Sneek Peak…….Carnelian Bay, Lake Tahoe……

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tour invite

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…

Carson Valley Tour

Financial Reasons to Invest in Home Ownership!

Bank-as-House-600

By the KCM Crew

Eric Belsky is Managing Director of the Joint Center of Housing Studies at Harvard University. He also currently serves on the editorial board of the Journal of Housing Research and Housing Policy Debate. Last year he released a paper on homeownership – The Dream Lives On: the Future of Homeownership in America. In his paper, Belsky reveals five financial reasons people should consider buying a home.

Here are the five reasons, each followed by an excerpt from the study:

1.) Housing is typically the one leveraged investment available. 

“Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every percentage point rise in the value of the home is a 5 percent return on their equity. With many buyers putting 10 percent or less down, their leverage factor is 10 or more.”

2.) You’re paying for housing whether you own or rent. 

“Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord.”

3.) Owning is usually a form of “forced savings”.

“Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.”

4.) There are substantial tax benefits to owning. 

“Homeowners are able to deduct mortgage interest and property taxes from income…On top of all this, capital gains up to $250,000 are excluded from income for single filers and up to $500,000 for married couples if they sell their homes for a gain.”

5.) Owning is a hedge against inflation.

“Housing costs and rents have tended over most time periods to go up at or higher than the rate of inflation, making owning an attractive proposition.”

Bottom Line

We realize that homeownership makes sense for many Americans for many social and family reasons. It also makes sense financially.

Visit www.keepingcurrentmatters.com for more articles

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Photo by mavensphotoblog.com

One of Lake Tahoe’s most iconic estates, the Thunderbird Lodge, starts summer off early this week, kicking off public tours ahead of the Memorial Day weekend.

The Thunderbird Lodge was built in the 1930s by George Whittell Jr. and represents some of the best craftsmanship in stone, iron and wood of the era.

“Two of the most stunning pieces of Lake Tahoe’s history are Thunderbird Lodge and Thunderbird Yacht,” according to the Thunderbird’s website. “The eccentric San Francisco real estate magnate, George Whittell, Jr., built the magnificent Tudor Revival summer estate between 1936 and 1939 and commissioned the Yacht in 1939. Located on Nevada’s eastern shore of Lake Tahoe, the historic site consists of a main lodge surrounded by three cottages, a card house, a boathouse, an elephant house, a lighthouse, three garages, and a gatehouse all nestled in a high desert pine forest.”

New to the National Historic Site this year are recently restored waterfalls. The half-acre man-made falls were originally built in the late 1930s and restored with help of the Thunderbird Lodge Preservation Society, said Barbi Mooberry, marketing and administrative manager at the lodge.

“Originally, Marlette Creek water was diverted through the property, cascaded into the water feature, then into moats surrounding the house, filled pools in what is now the lakeside lawn, and tumbled through a series of weirs into Lake Tahoe,” according to the Thunderbird Lodge Preservation Society’s winter newsletter. “In addition to the visual effect, this flow supplied irrigation for the ground, domestic drinking water, and electricity via a penstock to a turbine plant generating hydroelectric power.”

In addition to exploring the grounds of the Thunderbird Lodge and viewing the Thunderbird Yacht during tours, guests will also hear a little bit about Whittell Jr., Mooberry said. The stories about Whittell are as varied as they are colorful.

“Numerous legends surround Whittell’s activities at his Lake Tahoe estate, including colorful parties and high-stakes gambling in the card house,” according to the site. “The eccentric Whittell collected a veritable zoo of wild animals that made guest appearances at the Thunderbird Lodge each summer. Whittell’s interest in new technology such as automobiles and airplanes catered to his desire for high speed and risk taking.”

Thunderbird tours:

Public tours by land are offered May 20 through Oct. 18. The tours are $39 for adults and $19 for children ages 6-12. Tours start from the Incline Village Visitor Center at 969 Tahoe Blvd. For more information visit www.tahoe.activitytickets.com.

Friday Wine & Cheese Tours are also available for $100 per person. The tours take place at 2:30 p.m. every Friday in July and August.

A variety of options are also available to reach the Thunderbird by water.

From South Shore: 888-867-6394 or www.tahoeboatcruises.com

• One tour per day, Tuesday through Saturday, June through October

• 10:30 a.m. departure from Zephyr Cove at South Shore

From North Shore: 775-831-4386 or www.awsincline.com

• One tour per day; Thursday, Friday and Saturday; June through October

• 9 a.m. departure from Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village

Kayak tours: 530-913-9212 or 866-830-6125 or www.tahoeadventurecompany.com

• Tuesday paddle tours from Sand Harbor.

Adam Jensen
[email protected]

http://www.tahoedailytribune.com/news/11392769-113/thunderbird-lodge-tours-tahoe

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

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

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

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

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

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

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

LAKE TAHOE HOUSING TRENDS

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

Truckee region: $575,000, up 12 percent

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

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

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

Tahoe lakefront: $6.47 million, up 97 percent

Trinkie Watson Talks Summertime in Lake Tahoe

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

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

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

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

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

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

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

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

 

 

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

The Nixon Mansion, Reno Nevada Luxury Real Estate

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Lake Tahoe 2013 Single Family Lakefront Sales

2013 Year End Stats Top Companies_Lakefronts

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

Fleur du Lac Estates

Unit #5
Unit #21 

Wednesday, March 19th
9:00 – 12:00

Unit #21

An opportunity that rarely comes along! Fleur Du Lac, a prestigious gated community located on 15 beautiful acres alongside crystal blue Lake Tahoe, enjoys superb amenities; yacht club, marina w/slips, gorgeous clubhouse, pool, tennis courts, fitness center and onsite manager and security. Only 22 homes have the distinctive privilege to enjoy all Fleur Du Lac has to offer. This unique townhome is an elegant blend of reclaimed barnwood, stonework & custom touches. Truly the finest of living on water’s edge
Fleur du Lac Estates
Fleur du Lac Estates #21
Offered at $2,995,000
 

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Unit #5

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

See you there,

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     Trinkie’s bio

Trinkie Watson, CIPS CLHMS

Regional Lake Tahoe Broker

530 582 0722  800 783 0722

CA 00326518  NV  001022  

[email protected] 

www.TrinkieWatson.com

 

 

Tahoe Sierra Stories

 

     

 

 

Indulge in a Lake Tahoe Property!

Gentry Wealth Magazine

Luxury Home Buying on the Rise in Asia and Washington DC

Luxury Home Buying on the Rise

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Despite the recession recovery, luxury home buying is enjoying an increase in attention. Aside from international Asians who have been snapping up real estate across world (Asian Fortune reported on this April 2013), many Asian Americans also have acquired a taste for luxury goods. At the 2014 Asian Real Estate Association of America (AREAA) summit, AREAA President and CEO Philip White said, ““The Asian American market represents a significant growth opportunity in our industry. According to the AREAA, the market has the highest growth rate of any multicultural group in the United States. The Asian American consumer base is growing, affluent, technologically savvy and has increasing buying-power: $718 billion currently, and expected to reach $1 trillion in just five years.”

As one of the more affluent pockets of the United States, the DC area is following the trend.

“The housing market here in the Washington DC Metro Region has improved relative to last year.  For the 2013 calendar year, the total number of sales in the region increased 9.3 percent from those in 2012 and the median sale price increased by 9.6 percent,” said Dana Landry a Founding Partner of Washington Fine Properties.

1In addition, says Landry, there is a growing demand for luxury condos ($1M and above) with building services such as doormen, athletic facilities, and retail stores.  “The ease of condo lifestyle living is appealing to all age groups;  Time is one thing you can’t get more of, so many of our clients are opting to spend their money to live in some of the wonderful condos within the city and enjoy their time on other things rather than managing a home,” Landry said.
There seems to be a complicated relationship between Asians and the condo market. One the one hand – international Asians like Psy are fueling the condo market by buying a Westwood luxury condo ahead of its release in Los Angeles and a company named Delancey Bridge Tower, Inc. invested in an Chinese American condo development in Flushing, NY. At the same time, the Asian American Legal Defense Fund released a report titled “Chinatown: Then and Now” which found that luxury condominium developments have dramatically changed the skyline of Chinatowns across the country, gentrifying the areas, and pushing Chinese Americans out.

Asian Fortune is an English language newspaper for Asian American professionals in the Washington, DC metropolitan area. Visit fb.com/asianfortune to stay up to date with our news and what’s going on in the Asian American community.

Haute Living Residences Member~Luxury Real Estate

Properties sold over $5 Million Lake Tahoe Region