The 2017 Chase International LUXURY Estates Booklet

Market Report

Click on the image above for the full market report on the 1st quarter!

Home sales were down around Lake Tahoe in the first quarter of 2017, with overall sales volume dipping 7 percent. The drop was mainly affected by a 13 percent decrease in the sale of homes priced under $1 million and was influenced by the severe winter the Lake Tahoe area experienced. The median home price remained steady with a 2 percent increase to $529,000.

The figures are part of a quarterly report released by Tahoe-based real estate agency Chase International. The numbers compare all MLS home sales from Jan. 1 through March 31 to the same time frame in 2016.

Homes sold for more than $1 million was down 5 percent and overall units sold was down 6 percent. Incline Village saw the biggest decreases with a 52 percent fall in volume and 24 percent decline in units sold. Homes sold for more than $1 million was down 23 percent. The median price of a home in Incline Village fell 8 percent to $870,000.

Lawrence Yun, chief economist for the National Association of Realtors, noted that February was the warmest in decades, which played a role in kick starting prospective buyer’ house hunting. The same could not be said for the Tahoe area where the region experienced near-record snowfall.

“I’m sure the series of heavy storms had an affect on people’s ability to do any serious house searching,” said Susan Lowe, corporate vice president for Chase International. “In the long run though, our winter with abundant snow will be a big positive for the region.”

Tahoe City saw a 28 percent jump in volume sold, primarily from a 14 percent rise in the median home price ($611,000). The South Shore experienced a 67 percent increase in homes sold for more than a million and the median home price was up 4 percent to $412,000. The East Shore also saw an uptick in homes sold for more than $1 million (25 percent) while homes selling for less than a million dropped 31 percent. The median price of a home on the East Shore rose 26 percent to $965,000.

Lake Tahoe’s numbers are essentially in line with regional trends. NAR reported that existing home sales in the West decreased 3.1 percent in February. The median price of home was up 9.6 percent from February 2016.

The sale of condos around the lake fared much better with significant increases in volume sold. Units sold for more than $500,000 was up 80 percent and the median price jumped 17 percent to $375,000.

Sales were down across the board in Truckee, with record-breaking snowfall and severe winter storms hampering buyers’ searches. Volume and units sold were both down, 29 and 18 percent, respectively, while median home price rose 7 percent to $709,000.

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631 California Ave Exteriors (JPEG Web Res) (1 of 2) copy

The Nixon Mansion is winning awards! Check it out!

Heritage Award

The beautiful and storied Nixon mansion received the 2016 National Heritage Award from the Associated Realty of the Americas organization last month.

copy-216477-1450804483_0a0a0a_240_150_PrsMe_

HAPPY NEW YEAR!  What are you doing to celebrate???

Here are New Year’s Eve Events!

Fireworks!!!
7 p.m. | Squaw Valley
9 p.m. | Village at Heavenly
9 p.m. | Village at Northstar

 

Torches at Tahoe Donner
Tahoe Donner Downhill | Truckee

Kids ages 10 and older who can ski intermediate runs unassisted are invited to participate in the annual Torchlight Parade at Tahoe Donner at 6:15 p.m. Enjoy a DJ and snacks before the parade. | tahoedonner.com

All ages invited to Squaw Creek
Resort at Squaw Creek | Olympic Valley
Ring in the New Year at the Resort at Squaw Creek with something for the whole family. The New Year’s Eve Grand Celebration is tailored to the 21 and older crowd, while Kid’s Night Out is geared toward children ages 4 to 12 and the Teen’s Night Out focuses on ages 13 to 20. Each party features dinner, live music, party favors and entertainment. | squawcreek.com

Fire and Ice at Northstar
Enjoy ice skating and s’mores around the fire before settling in for a fireworks extravaganza at 9 p.m. Start the evening with the Mountain Table Dinner Series on mountain. | northstarcalifornia.com

Wine and Dine at West Shore cafe
West Shore cafe | Homewood
Head to the West Shore cafe to taste the five-course chef’s tasting menu including sweet and savory delights starting with a poached lobster crème brûlée followed by pan-seared black sea bass and grilled lamb chops. Enjoy live music by Ike & Martin throughout the evening and ring in the New Year with a champagne toast. | westshorecafe.com

New Year’s Eve Stella Truckee
Stella at The Cedar House Sport Hotel offers its pop up winter dinner series with one menu and one seating from 6 to 8:30 p.m. Diners are encouraged to ask questions of the kitchen staff, join in conversations and savor the tasting menu. Each course is served with brief comments about ingredients or technique. $227 | RSVP cedarhousesporthotel.com

New Year’s Eve celebrations
The Ritz-Carlton | Northstar
The Ritz-Carlton hosts a buffet of seasonal delights followed by an evening of live music, ice-skating and fireworks to ring in the New Year in the Village at Northstar at 9 p.m. Afterwards enjoy music and dancing in The Living Room. | ritz-carlton.com

Dine at High Camp
Squaw Valley | Olympic Valley
After a day on the slopes head to the Village Events Plaza Stage for après and live music with Chi McClean from 2 to 4 p.m. followed by a New Year’s Eve dinner at High Camp from 6 to 9 p.m. The festivities really begin with a fireworks exhibition in The Village at 7 p.m. followed by a late night party at the Olympic House from 9 p.m. to 2 a.m. | squawalpine.com

New Year’s Eve party
Hacienda del Lago | Tahoe City
The Reggae Ambassadors invite you to celebrate New Year’s Eve from 10 p.m. to 2 a.m. with reggae, hip-hop, electronica and remixes featuring DJ Ramone, Dub Fyah, live performance by Winstrong plus a champagne toast at midnight. 21 and older only. $10 cover. | hacdellago.com

Winter festival life at SnowGlobe
Lake Tahoe Community College | South Lake Tahoe
The SnowGlobe Music Festival returns for the third year from Dec. 29 to 31 with a stellar line up of headliner DJs and producers including Jack U, Dillon Francis and Chet Faker. Find new treasures from local vendors and watch athletes compete in a big air exhibition. Read more about SnowGlobe in this issue. | snowglobemusicfestival.com

Watch the gondola drop at Heavenly
Heavenly Village | Stateline, Nev.
Fire and Ice meet for a night of celebration in the Heavenly Village. The Fire Groove Dancers will be twirling hoops of flame along to live music from the LA All Stars. Meanwhile the Fear No Ice sculptors fire up their chainsaws for an ice sculpting exhibition. The grand finale includes the Heavenly Gondola Ball Drop at 9 p.m. followed but a fireworks display. | skiheavenly.com

*Information provided by www.tahoeweekly.com

2015 3rd Quarter Real Estate Market Statistics

2015 3rdQuarter STATS_SLT 2015 3rdQuarter STATS_IV 2015 3rdQuarter STATS_TD 2015 3rdQuarter STATS_TRK 2015 3rdQuarter STATS_ES 2015 3rdQuarter STATS_TC 2015 3rdQ_STATS SQV Resorts_TOTALS 2015 3rdQ_STATS LT_TOTALS 2015 3rdQ STATS RNO_TOTALS

Northern Nevada Economic Update
Presented at CHASE International Company Meeting
July 29, 2015
By Leah Wagner
Corporate Relations Manager
So you’ve all heard about that battery factory that ‘s being built just outside of Reno. Of course Tesla is the talk of the town here, but was the Tesla deal just a one hit wonder because our legislature was cajoled into passing some outrageous incentives and because our Governor body slammed Texas, Arizona and New Mexico with a flashier tax package?
So now we have this giant shiny sparkly thingy out in the desert that the whole world is gawking at, but besides Tesla, is Northern Nevada’s economy doing ok now that the rest of us get to pay off Tesla’s taxes for the next 20 years?
As real estate professionals, we all know that home prices are rising significantly in our market. The new catch phrase in our region to describe rising home prices is “The Tesla Effect”. But is the euphoria of “The Tesla Effect” just a repeat of pre 2008 “Irrational Exuberance”, and when us actual Nevada taxpayers can’t handle making the payments on our handsome governor’s $1.25 billion engagement ring to Tesla, when this next housing bubble bursts, will we all get blasted with more gangrenous necrotic slime than the stuff that drowned us in 2008?
Yes, your clients understandably suffer severe PTSD from 2008, and when they see a surge in home prices, they freak out at the possibility of another bubble. What we must educate our clients with are the facts that home prices are not currently spiking in Northern Nevada because predatory lenders are passing out $800K mortgages to bums passed out in the gutter in front of the plasma center while Fannie & Freddie are pimping junk loans to Wall Street, and federal regulators are asleep at the wheel driving our housing market off a cliff.
The conditions driving the current economy and housing market in Northern Nevada are entirely different than pre 2008. Our housing market is not driven by the pre 2008 spec building on steroids and junk loans to defaulting borrowers who were already dead for 15 years at the close of escrow. Northern Nevada’s current economy is driven by the most solid and diverse economic growth in the nation.
What we are calling “The Tesla Effect” began before Tesla made their earth shattering announcement in September 2014 to build the world’s largest factory here in Reno. Tesla is NOT a one hit wonder. Before Tesla, we were already having economic flash flood warnings. Apple was here before Tesla. Dell was here before Tesla. Barnes and Noble and Amazon were here before Tesla. Petsmart, PetCo, Zulilly, UPS, FedX and Walmart’s distribution centers were all here before Tesla.
But after Tesla came, the entire world took a closer look as to why would Tesla choose Northern Nevada, and the flash flood before Tesla quickly turned into a Post Tesla Tsunami.
What qualifies as an economic Tsunami? For one thing, 5% growth projected over the next 5 years. For comparison, in the mid 2000’s high growth years when our economy was running at its peak, our record rate of growth was 2.2%. In our state’s entire history, we have never experienced 5% growth.
Where is this economic growth coming from and why is it coming to Northern Nevada?

Nevada’s business friendly environment

About that outrageous $1.25 billion tax abatement Governor Sandoval gave Tesla – Nevada wasn’t even close to what Texas and Arizona were offering – not by a long shot. Tesla is here because of Nevada’s business friendly environment.
Elon Musk, Tesla Motors CEO, stated “This is not just about the incentives,” he said. “Nevada is a “really get things done state. That was a really important part of the decision.”
Craig King, CHASE’s COO and I had the unique opportunity to have lunch on the day of the Tesla Announcement in September 2014 with Lance Gilman, Storey County Commissioner.

Lance regaled us with stories of the Tesla deal. Tesla asked Lance what the time frame was for obtaining permits in Storey County. Lance pulled a permit out of his briefcase and said, “Here is your permit. I have a shovel in the back of my truck. Let’s go break ground right now.” The Tesla execs were astounded. Many factors went into the Tesla deal, but Nevada’s lightning fast, lack of red tape permit process catapulted Nevada ahead of the competition.
“In other places, they (companies) may have 20 to 30 permits to pull or agencies to get approval from,”said Mike Kazmierski, president of the Economic Development Authority of Western Nevada. “Any one of which could stop the process.” . . . AND cost companies millions of dollars and years in the process of failing to get these onerous permits! But NOT here in Nevada!
Tahoe Reno Industrial Center
Besides being very tax and regulation friendly, Northern Nevada has another little economic TRIC up its sleeve that no other state has. Except this TRIC isn’t little. This TRIC is colossal. Of course the TRIC I am referring to is the Tahoe Reno Industrial Center. Located just a few miles east of Reno on I-80, TRIC’s land mass is the same size as the city of Las Vegas. TRIC is the largest Industrial Park in the World, and besides being the largest industrial park on the planet, TRIC has the most lenient business regulations and zoning ordinances of any region in North America. Combine the fact that TRIC is the most business friendly environment in North America with the fact that it is only 30 miles from the border of the most tyrannical anti-business state in the nation, it is purely logical that businesses are flooding into TRIC from California, and are scooping up land next to TRIC’s celebrity residents.
So who are some of the rock stars who moved into the hottest new industrial zip code out at TRIC?
Of course, Tesla is the most famous, and Tesla’s economic impact to TRIC is massive. Because of the gigafactory, the land immediately surrounding Tesla is now sold out to many other companies such as Panasonic that have a direct business relationship with Tesla.
In January 2015, Switch announced plans to construct a $1 billion data center to be located at the Tahoe Reno Industrial Center.

Switch’s Northern Nevada operations include a 3 million square foot facility – the same size as Tesla’s GigaFactory on a 1000 acre parcel. This center will store data for the US Government & fortune 500 companies like Ebay & Amazon, and create 5000 jobs – mostly highly skilled, many in the 6 figure salary range.

After landing superstars like Tesla and Switch, rumors are flying and the hot topic is, “What is the next amazing company that is coming to Northern Nevada?”
A much better question is “What is the next amazing industry that is coming to Northern Nevada?” because it is not just individual cool companies that are coming here – entire industries are relocating here.
Amazing Industries in Northern Nevada
While the whole world was bedazzled by the sparkliness of the gigafactory, in 2014 a multi billion dollar industry flew under the radar into Northern Nevada and made it their international headquarters.
It is the Drone Industry. Reno has been recently nicknamed “The Detroit of Drones”. In December 2013, Nevada was selected as one of only 6 FAA approved drone test sites in the nation. Nevada, naturally endowed with the best flying weather, the most open airspace, the best tax and regulation environment, the best technological and research infrastructure assets such as Nellis, Creech, Fallon Naval Air Station, UNR’s School of Engineering Drone Program and Desert Research Institute, plus with Governor Sandoval gifting the use of Stead Airport to Drone Research, Northern Nevada was the irresistible choice for incredible companies like Drone America, Ashima Devices, Flirty, Nevada Dynamics, and Google.
Manufacturing
Of course, Tesla dominates the news of the manufacturing industry that has landed here, but did you know that in 2014, we actually had two electric car manufacturers move to northern Nevada?
Cenntro Automotive Manufacturing (headquarters)

Cenntro Automotive is a Nevada based manufacturer of all electric, commercial vehicles. The versatile Citelec and KOMBI EV, both zero emissions SMART vehicles are used in a variety of environments including parks, farms, warehouses, resorts, campuses, industrial facilities, and airports. Both models are manufactured in Sparks, Nevada.
Jobs created: 300
Located from: New Jersey

Here are just a few more amazing manufacturing companies that have recently arrived in Northern Nevada-
Advanced Refining Concepts, LLC Manufacturing

Advanced Refining Concepts, LLC owns a patented near zero emissions process that produces GDiesel ®, a state approved alternative diesel fuel with vastly cleaner emissions and more efficient combustion than traditional diesel fuel. GDiesel ® requires no modifications to vehicles or engines or existing storage infrastructure. ARC is based in Reno, NV with additional operations in McCarran and Sparks.
Jobs created:12
Located from: Nevada

Fulcrum Sierra Biofuels Manufacturing

Fulcrum Sierra Biofuels, a wholly –owned subsidiary of Fulcrum BioEnergy, is utilizing a game-changing process for converting municipal solid waste (MSW) that would otherwise be landfilled, into renewable transportable fuels. Phase 1 of the Sierra BioFuels Plant, located in Storey County, will process MSW into feedstock with construction scheduled to begin in January 2015.
Jobs created: 30
Located from: California

Eaton’s B-Line Business Manufacturing

Eaton’s B-Line Business offers a broad range of support systems, seismic bracing solutions, electrical enclosures and wireways designed to help save time for a lower total installed cost. The B-Line business serves customers in the commercial construction, oil and gas, mining, solar, communications and data centers, and other markets.
Jobs created: 49
Located from: Nevada

BeaverFit USA Manufacturing (headquarters)

BeaverFit USA is an institution of strength and conditioning equipment. Founded by former US Navy Riverines and British bridge builders, we have a unique appreciation for the community we build to serve, and the expertise to design and deliver world class training equipment. No matter your challenge or obstacle, we will provide an innovative solution to enable you to achieve your goals.
Jobs created: 25
Located from: United Kingdom

CustomInk Munaufacturing

CustomInk enables customers to design and order custom T-shirts for every occasion. Since 2000, the company is dynamic, forward thinking and has been recognized for workplace excellence. CustomInk strives to treat customers, vendors, and co-workers as it would want to be treated and has a strong sense of innovation and individual responsibility.
Jobs created: 261
Located from: Nevada

Eco Windows LLC Manufacturing

Eco Windows LLC is among the most energy efficient window companies in the country specializing in custom manufacturing and installation of the highest quality windows and doors with excellent long term value designed to save energy and reduce costs. Our commercial window and door products are of the most advanced technology and performance.
Jobs created: 17
Located from: Nevada

Aircraft Manufacturing Industry
In the 20015 Nevada Legislative session, SB93 was passed, which is an incentive package for aircraft manufacturing companies.
Directly related to SB93’s passage is an absolutely incredible, lifestyles of the rich and famous type company that I am dying to tell you about, but I can’t!! I promised Stan Thomas of EDAWN that I will not say a word until their press release, which should be any day now!!!
With Tesla and this company here, we are the epicenter of off the Richter Scale Cool manufacturing companies!!!
But the aircraft company that I can tell you about is Whisper Jet.
Whisper Jet, Inc. Service

Whisper Jet, Inc. manufactures a quiet technology helicopter aircraft for the military and emergency responders, and recently opened a local transportation service that serves passengers in the Reno-Tahoe area. Our single engine helicopters are designed with a proprietary technology that greatly reduces engine noise, hence the name ‘Whisper Jet’.
Jobs created: 18
Located from: California

The Biotec Industry
Northern Nevada has recently acquired some amazing biotec companies.
CuCo, LLC Manufacturing (headquarters)

CuCo, LLC designs, manufactures and distributes innovative products that address the unmet need of countering harmful effects of bacteria in three specific areas: Diabetic Health, Outdoor/Activity Wear and Institutional/Facility Care. By utilizing the intrinsic bactericidal properties of copper in our innovative product designs we will positively affect the lives of consumers.
Jobs created: 15
Located from: California
Gensano R&D Manufacturing

Gensano is a medical device and biologics manufacturer with an emphasis in regenerative medicine using stem cell therapies. Gensano’s vision is to create innovative biological products that optimize patient outcomes. The company is dedicated to the development of new technologies that will benefit surgeons, hospitals, and most importantly, patients.
Jobs created: 150
Located from: Nevada

NeoBiotec

NeoBiotec was informally announced by EDAWN at a private gathering a few week ago, and their public press release will be in the next few weeks. Neobiotec relocated to Reno from Koera, and has entered into a business partnership with DRI & UNR.

What the arrival of NeoBioTec, Gensano, and CuCo prove is that Northern Nevada has the desirable infrastructure to attract the most sophisticated high tech biotec companies here. We have UNR and UNR’s School of Medicine, and we have Desert Research Institute. More importantly we are only three hours away from Stanford University, UC Davis, & Silicon Valley but we are in an alternate universe of friendly taxes, regulations, and MOST IMPORTANTLY medium home prices of $240K instead of $1.8 million for a two bedroom loft. We have the necessary infrastructure, and companies can afford to be start ups here that cannot afford the Bay Area.

The Data and High Tech Industry
In the 20015 Nevada Legislative session SB170 was passed, which is an incentive package for data centers and companies that use servers or other computer equipment in their centers.
In addition to SWITCH, the following are some amazing data and high tech companies that have made Northern Nevada their home:
Koch Industries IT Applications Center

Announced March 12, 2015

Koch is a privately-held company headquartered in Wichita, Kansas with a presence in 60 countries and employs more than 100,000 people worldwide, which includes approximately 60,000 employees in the United States. Koch companies are involved in refining, chemicals, grain processing and biofuels; forest and consumer products; fertilizers; polymers and fibers; electronic components; process and pollution control equipment and technologies; commodity trading; minerals; energy; ranching; glass; and investments and holds 9,500 patents. They have invested close to $70 billion in acquisitions and other capital expenditures since 2003 to make life better around the world by efficiently converting resources into products and services that people depend on every day.

The Reno location will primarily serve as a satellite office focused on providing Koch Industries IT capabilities in the areas of Applications (Development, Analytics, Support, Databases, etc.), Cyber-Security, Global Networks (Architecture, WAN, LAN, Voice, etc.), and Computer Platforms (Cloud, Virtual, Converged). The new facility will also serve as an innovation and creative space for meetings with strategic vendors and will allow the company to host discussions and brainstorming pertinent technology in support of the Northern Nevada IT community. The company plans to fill approximately 20 positions in the first year.
Jobs created: 20 (in year 1)
Located from: Kansas

BlackRidge Technology Advanced Technology (Headquarters)

Announced February 5, 2015

BlackRidge Technology, a cyber-security company from Santa Clara, California announced the relocation of its headquarters and operations to Reno, Nevada. The company plans to initially hire 30 full-time employees and is constructing a new cyber security solutions lab. BlackRidge Technology cloaks and protects enterprise networks and cloud resources from unidentified and unauthorized users. Their patented Transport Access Control (TAC) technology changes the protection game, protecting against unidentified and unauthorized users and devices. TAC is a new and more fundamental way to protect against advanced and unknown threats, versus protecting against threats, one vulnerability at a time. This technology results in immediate and tangible reduction in the malicious unwanted traffic that poses the bulk of cyber threats today. The company was founded in 2010 and recently leased space in the South Meadows area of Reno where construction on the new cyber lab has commenced and is scheduled to be operational in the second quarter of 2015.
Jobs Created: 30
Located from : California
Ghost Systems Service/Data Center (Headquarters)

Ghost Systems’ SafePlaceTM Ecosystem is a complete cyber security solution that directly protects anything connected to a network, using future-proof “perfectly secure” technologies to create an impenetrable electronic network mesh – the electronic equivalent of Kevlar – which overlays onto existing public and private networks to prevent cyber theft of digital information.
Jobs Created: 150
Located from: California

When you combine TRIC, SWITCH, the incentives of SB170, Northern Nevada’s proximity to Silicon Valley, and our lack of insane taxes, barbaric regulations and astronomical housing prices, these factors alone amplify significant growth in our region. But in addition to these prodigious economic enhancers is one more gargantuan game changer that will make Northern Nevada the gravitational center of the tech industry.
It is the Super Loop.
The “Super Loop”, a 500 mile fiber line connecting Northern and Southern Nevada with Northern and Southern California will make Nevada the most digitally connected State in the US.

For high tech companies that depend on the fastest and highest capacity data transmission, economic development experts predict Reno will become the most desirable port on the Super Loop with its unrivaled tax advantages and strategic geographic location.
Conclusion
With companies like Switch and Tesla, Panasonic and Solar City, with us being a major hub on the Super Loop, with 5% growth and 55,000 new jobs conservatively projected for our region for the next few years, we are not in a bubble.
We are the main player in the West Coast distribution and logistics industry. We are the new epicenter of the western manufacturing industry. We are the Detroit of Drones. We are the Eastern Suburb of Silicon Valley. We are the Cradle of Innovation.
We are the best place to invest in Real Estate right now, right here in Northern Nevada.

We have breaking news…just released by

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

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

631 California Ave Exteriors (JPEG Web Res) (1 of 2) copy

UNIQUE HOMES / GALLERY / BY ON 6 MAY 2015

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

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

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

Aerial from river - Best

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

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

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

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

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

Photos by GetYourView.com

About the Author

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

The Drone Industry: A Northern Nevada Economic Hot Spot

The Drone Industry:

A Northern Nevada Economic Hot Spot

 

By Leah Wagner,

Corporate Relations Manager

We’ve all heard about that battery factory, but a multi billion-dollar high tech industry is flying under the radar into Northern Nevada.

The drone industry is predicted to generate over $90 billion dollars in the next decade, and Northern Nevada is poised to be a major stakeholder.

From “Nevada’s Mission to Build the Detroit of Drones”

By Satta Sarmah, in Fast Company October 30, 2014

http://www.fastcompany.com/3037419/nevadas-mission-to-build-the-detroit-of-drones

“We want to develop a new reputation for Nevada of being the Silicon Valley for autonomous systems,” said Warren Rapp, business director for the Advanced Autonomous Systems Innovation Center. The goal is to suck up the biggest share of the global drone market that will swell to an estimated $90 billion in the next decade.

Experts say the state is focused on building an industry for drone testing, for drone manufacturing and the development of other autonomous systems, such as Google’s self-driving cars, which were tested in Nevada. Mike Kazmierski, president & CEO of the Economic Development Authority of Western Nevada, said that the drone industry . . . could have a huge impact in the north.

“Manufacturing is one of our sweet spots,” Kazmierski said. “As we look at the long-term growth of the UAV industry, we see that as a growing segment of our economy.”

On December 30, 2013, the FAA selected Nevada as one of only six test sites for UAV’s (drones).

 

See the FAA press release:

https://www.faa.gov/news/press_releases/news_story.cfm?newsId=16334

 

“Nevada has been on the leading edge of aerospace flight testing for almost 70 years,” said Transportation Secretary Anthony Foxx. “Today, the state continues that tradition by contributing to the safe and efficient integration of unmanned aircraft into the U.S. aviation system.”

 

Nevada wields profuse natural endowments in geology and geography, substantial infrastructure assets and the most lenient tax and regulatory structure in the nation. These advantages to which no other state can compare entice the drone industry here.

 

See:

The Governor’s Office of Economic Development

and

The Nevada Institute for Autonomous Systems

 

http://diversifynevada.com/key-industries/aerospace-defense/uav

 

http://www.nias-uas.com/

 

 

Nevada’s Geological and Geographical Drone Advantage:

 

Nevada’s vast unpopulated areas and climate provide the best and most available air and space corridors:

 

  • 31,500 Square miles of Restricted Air Space – more than all other states combined

 

  • Diverse testing climates with 320 + days of clear weather and optimum flying conditions

 

Vast Infrastructure Assets and Test Sites:

 

Test sites:

 

Creech Air force Base

Nellis Air Force Base

Fallon Naval Air Station

Fallon Municipal Airport

Nevada National Security Site – Desert Rock Airport

Reno-Stead Airport

 

Nevada Research Institutions in Partnership with the UAV Industry:

 

Desert Research Institute

 

Located in Northern Nevada, Desert Research Institute partners with government, private industry and academic institutions to conduct UAV research.

 

 

See:

http://www.dri.edu/news/4568-unmanned-aerial-systems-uas-research-at-dri

 

“With aerospace projects, there can be a lot of behind-the-scenes research that’s essential to their success — which makes having DRI in this backyard a big asset.”

 

  • Mark Robinson , “Aerospace Industries expected to be Key Force in Northern Nevada’s Future” RGJ, March 1 ,2014

 

http://blogs.rgj.com/renorebirth/2014/03/01/aerospace-industry-expected-to-be-key-force-in-northern-nevadas-future/

 

 

From DRI’s website:

 

http://www.dri.edu/images/stories/news/media_kits/uav-fact-sheet-2014.pdf

 

“Recognizing the importance of assessing horizontal spatial heterogeneity and acquiring timely synoptic coverage of ecosystem processes, DRI faculty and students have been actively developing modern UAV platforms with several partner institutions. Examples of these efforts include the design, fabrication and deployment of sensors and sensor packages, real-time and post data collection analytics and data visualization utilizing DRI’s state-of-the-art, six-sided Virtual Reality Enclosure.”

 

University of Nevada Reno (UNR)

 

The University of Nevada is home to the Nevada Advanced Autonomous Systems Innovation Center (NAASIC). UNR is one of the few schools in the nation with a drone minor degree program offered through the College of Engineering.

 

http://www.unr.edu/degrees/uas/minor

 

from NAASIC’s website:

 

http://www.unr.edu/naasic

 

NAASIC, or the Nevada Advanced Autonomous Systems Innovation Center, was established in 2014 with $3 million in funding from the Governor’s Office of Economic Development Knowledge Fund. NAASIC is dedicated to partnering with industry to commercialize technologies in autonomous systems, including:

  • Stationary robotic systems •Advanced manufacturing systems
  • Unmanned aerial vehicles •Driverless cars   •Underwater robots

Truckee Meadows Community College (TMCC)

TMCC will be providing courses in UAV’s beginning fall 2015, and is in the process of developing an associate’s degree in UAV flight operations.

http://kunr.org/post/tmcc-launching-uav-certificate-program

“Students who complete TMCC’s one-year certificate program for Unmanned Aerial Systems Technicians will study UAV history and ethics, along with robotics and information technology. They’ll also get their hands on some of the technology being developed right now by the company Drone America, based in Reno.”

 

Unparalleled Business Friendly and Regulatory Advantage for the Drone Industry

 

Larry Lambert, VP and Co-Founder of Ashima Devices discusses the extraordinary advantage of doing business in Nevada:

 

From: “Rebirth: Is Reno at a drone tipping point?”, by Mark Robison RGJ 9-1-2014

 

http://www.rgj.com/story/money/reno-rebirth/2014/08/30/rebirth-reno-drone-tipping-point/14774007/

 

“In the end, Ashima came here because Reno sold itself and Nevada wasn’t California.

“We were looking for really everything Reno offered,” Lambert said.

“First of all, Reno’s friendly, Nevada’s friendly; they actually want us here. California could care less, while Reno opened up the door. There’s not one part of this town or this business environment that I’ve found the slightest bit negative; it’s all 100 percent.”

The Reno-Stead Airport provided space for Ashima to do tests.

“That’s huge,” Lambert said. “Could you imagine that any airport in California would give us free of charge — and allow us to set up our outfit on — a square kilometer of the prime UAV testing facility in the state? No, never, no.”

Even the press conference last week with Sandoval celebrating the Ashima news went smoothly

“In California, it would’ve been $200,000 and 40 lawyers and six months,” Lambert said about pulling off the announcement. “We just sat down with (the governor’s staff) and the Stead people and worked it out in about an hour — what does the FAA need, what do we need, what does the governor’s office want. EDAWN was there. And we worked it out. So instead of having a large bureaucratic war that spans months, we just worked it out with a couple water bottles and a morning.”

UAV Companies Selecting Northern Nevada for their Corporate Headquarters

Northern Nevada is home to giants in the UAV industry.

Drone America

http://droneamerica.com/

Headquartered in Reno, Nevada Drone America manufactures a diverse range of autonomous vehicles and systems, both aerial and terrain based with a wide range of industrial, governmental, and humanitarian applications.

Drone America’s flight services department provides civil and scientific customers with the ability to collect data where manned aircraft missions would be too expensive or too dangerous.  Unmanned aerial systems have unlimited potential, as new uses continue to be discovered. Some applications Drone America’s customers have used their systems for include:

Agricultural applications, including “GPS Precision Arial Prescription Application”, aka a high tech modern version of crop dusting

Remote package delivery

Natural Resource Protection, including Forestry Protection, Oceanic Monitoring and Protection, Wildlife Monitoring and anti-poaching protection

Environmental applications including pollution assessment via thermal and multi spectrum mapping, coastline and floodplain mapping, and cloud seeding for rain and snow pack

Industry and Infrastructure applications such as mining sites, electric and telephone line inspection, pipeline and windmill inspection

Military, Law Enforcement and First Responder applications such as search and rescue, fire suppression, HAZMAT response, border patrol for homeland security, port and waterway protection, DEA illicit drug transport detection and interdiction, crime scene analysis, imaging and incident recording

Ashima Devices

http://ashimadevices.com/

From: “Rebirth: Is Reno at a drone tipping point?”, by Mark Robison RGJ 9-1-2014

http://www.rgj.com/story/money/reno-rebirth/2014/08/30/rebirth-reno-drone-tipping-point/14774007/

“Ashima will move its headquarters from near the California Institute of Technology in Pasadena to Reno. It is expected to hire 50 to 60 area residents soon, eventually ramping up to about 400 after two years if all goes well.

The devices have the potential to generate big business for Ashima but also new work for nearby suppliers, researchers and parts manufacturers.

While it has a transitional office for engineers in downtown Reno, Lambert said, Ashima is prepping to build a drone factory in Stead.

“Getting a company that size in this new (drone) market is pretty incredible,” said Becky Morton, a longtime member of the American Society for Photogrammetry & Remote Sensing and chairwoman of a drone-focused conference the group will host in October in Reno.

“It could attract other firms that manufacture similar things or sensors or add-on products that can be complementary,” Morton said. Reno, she said, could become the Silicon Valley of drone technologies.

Flirtey

http://flirtey.com/

See: “Drone Startup Flirtey Partners with The University of Nevada, Reno To Push UAV Delivery Forward” by Jason Lim, Forbes 9-8-2014

http://www.forbes.com/sites/jlim/2014/09/08/drone-startup-flirtey-partners-with-the-university-of-nevada-reno-to-push-uav-delivery-forward/

Flirtey, a Sydney and Nevada based start-up is aiming to be one of the world’s first UAV delivery companies.  The company conducted a world-first drone delivery test back in October 2013 and to date has conducted over a hundred successful test deliveries of textbooks, with its partner Zookal.

Flirtey has struck a partnership with The University of Nevada, Reno, a leading research center for Unmanned Autonomous Systems (UAS). In exchange for equity, the University is providing access to its R&D labs for design, manufacture and research collaboration plus its indoor flight-testing facilities and supply graduate students to work with the company.

Flirtey is pioneering UAV delivery to make receiving packages as simple and as easy as possible, where customers no longer have to wait at home all hours for a delivery, or stand in line at the post office to pick up parcels. Flirtey’s vision is to provide drone delivery as a service, with its fleet of drones making autonomous deliveries directly to your location. Initially, Flirtey drones will trial deliveries over sparsely populated areas and within line of sight for deliveries that customers want within thirty minutes. Although Amazon has begun lobbying the Federal Aviation Administration to speed up its approval of the usage of drones for commercial usage, it will likely be a few more years until it really happens. Being in Nevada, Flirtey is well positioned when it does.”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DuPont Registry Nixon Mansion Spread April 2015

DuPont Nixon April 2015

Interesting Facts About Lake Tahoe

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Lake Tahoe’s water surface area makes up about 40% of the Tahoe Basin, or 191 square miles.

  • Lake Tahoe is about 22 miles long and 12 miles wide with 72 miles of shoreline.
  • The greatest measured depth is 1,645 feet, and averages 1,000 feet. The floor of Lake Tahoe is lower than the surface of the Carson Valley to the east.
  • Lake Tahoe is two-thirds in the state of California and one-third in the state of Nevada.
  • Sixty-three streams flow into Lake Tahoe, but there is only one outlet in Tahoe City
  • The water in Lake Tahoe could cover a flat area the size of California by 14 inches. This is also enough to supply everyone in the United States with 50 gallons of water per day for 5 years. And believe it or not, the amount of water that evaporates from the surface of Lake Tahoe every year could supply a city the size of Los Angeles for 5 years.

Chase ‘N Around Lake Tahoe February 2015

Chase ‘N Around Lake Tahoe
February 2015

Photo by: Julie Wight
THE MONTH OF LOVE…
WOW, January flew by in a blink of an eye! Here in the Lake Tahoe region we rely on the weather gods to bring us rain in the fall and snow in the winter. Well, we haven’t received much of either but are optimistic that this month will be the one! The one to remember.  In the meantime, be and do what you LOVE!

MARKET UPDATE & INTERESTING ARTICLES:

Tahoe Home Prices Continued to Rise in 2014 More Growth Expected in 2015

Lake Tahoe real estate continued to climb last year, as median and average home prices increased seven and four percent (respectively), throughout 2014.Sue Lowe, corporate vice president for Chase International, attributes the decline in sales to availability, that there are simply fewer homes available for buyers re-entering the market. “We like slow and steady improvement,” Lowe said. “It’s a sign of a stable and healthy market. Sales will catch up and further increase home values.”

Read the Full Article

 5 Cities Poised To Be The Next Silicon Valley Tech Hub

 Los Altos, CA, in the heart of Silicon Valley, had become the most expensive market in the U.S. with a median sale price of $2.3 million. This has also spiked rental costs, which commonly exceed $2,000 per month for a one-bedroom.  Which Cities are on the List?

FEATURED PROPERTYCALIFORNIA


An Estate to Estivate

A sanctuary in the trees! This estate w/ 3 beautiful acres, a 5000+ sq. ft. home, a sport court, and just enough of a peak of Lake Tahoe to remind you what lies beyond. Ground level holds an in-law suite with small kitchen area and own access, wine room, and storage. 2nd floor is where you will find a spacious great room w/ full bath; 2 guestrooms w/ shared bath, and laundry. The top floor holds an expansive open concept kitchen, dining, master and living room w/ access to deck and views! Offered at $2,500,000

FEATURED PROPERTY – NEVADA

507 Driver, Incline Village
507 Driver, Incline Village
Get in the Driver’s Seat

Location, acreage, style. Prestigious east slope with south and west panoramic lake view. 2+ acre lot. Easy all year access. Magnificent F.L.Wright like with timeless design: old world craftsmanship, in-laid floors, use of extensive rough granite, contemporary kitchen motif, junior master on living level, mammoth master bedroom with sitting area and two baths, extensive decking for outside entertaining. Offered at $3,895,000

TOP PICKS – WHAT TO DO

Feb 14th – Saturday

Valentine’s at High Camp

Spend Valentine’s Day with your special someone at Squaw Valley’s Terrace Restaurant. Take a spectacular
Aerial Tram ride to 8,200′ and enjoy and exquisite course prefixed menu that welcomes both couples and families alike. Squaw.com

February 21 & 22
The Rahlves’ Banzai Tour is racing in it’s purest form. Big mountain freeride meets ski / boarder-cross action! Taking place at three Lake Tahoe, CA resorts it’s head to head action four at a time, top to bottom, down a wide open course over natural terrain and snow conditions. Rhalves Bonzai Tour – Alpine Meadows

February 26th – March 8th

Pray, think, dance for snow this season and we’ll have a white-out winter for SnowFest! All the snow-reliant events will be in full-effect: The Naughty Dawg Pull, Whacky Human Bowling, Snow Sculpting, etc. Come and joint the winter white fun for this year’s SnowFest!
SnowFest Events Calendar

 

It’s time to fall in love.

Chase International is renown for our heart-centered approach to building relationships and dreams.  A large part of our success is in matchmaking; finding the right person to love your home and finding a home that you will fall in love with.

Give me a call so I can help you find that warm and cozy place for your next romantic dinner. Until then, take your sweetheart to one of our favorite restaurants around the lake.

 

 

 

STAY INFORMED

SquawAlpineGet the latest lift status, weather conditions, lodging deals, events and more at Squaw Valley/Alpine Meadows by signing up for the Tahoe Ski & Ride Report. Plus, you’ll be entered in the weekly drawing to win 2 Adult lift tickets!

SquawAlpine.com *bottom right hand corner

 

A select group of Tesla Model S drivers have a new option for recharging on the long road from San Francisco to Los Angeles – battery swapping. Off the I5, drivers can pull in and let an automated system pluck out their car’s battery pack and replace it with one that’s fully charged. The whole process takes 3 minutes. Read More

* Chase International will have Tesla charging stations at our offices!  Coming Soon!

Mayfair International Realty

From Our London Office….

A London Eye on the Market
 

Nick Churton of Chase International’s UK office in London takes a look at the year ahead in the international real estate market and finds a great deal to be optimistic about. This is a great time to take stock, look at the months ahead and keep a weather eye on international indicators. Like never before the health of local real estate markets – especially in the luxury sector – is linked to the health of the global real estate community as a whole.   Read More 

 

 

 

 

 

 

 

 

Trinkie Watson, CIPS CLHMS

Regional Lake Tahoe Broker

530 582 0722  800 783 0722

BRE# CA 00326518  NV  001022  

 

“A Boutique Broker with Premiere Properties for Discerning Buyers”

www.TrinkieWatson.com
Selling Lake Tahoe Luxury for Over 30 Years!

Call me for an update on the Lake Tahoe regional market for yourself or your clients!

RECENT SOLD PROPERTIES

4784 N Lake Blvd

    4784 N Lake Blvd                           4000 W Lake #21                  11550 Bottcher Loop
         $2,201,000                                     $2,275,000                              $1,200,000

2014 1stQuarter Stats SQUAW TOTALS2014 4th Quarter Stats LakeTahoe TOTALS2014 4th Quarter Stats RNO_SPKS TOTALS2014 4th Quarter STATS.ES2014 4thQuarter STATS_TRK2014 4thQuarter STATS_IV2014 4thQuarter STATS_TC

Reno Nevada Fun Train & Sierra Scenic! February 6 – 8th 2015

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Chase Luxury Connect Event NLTBonanza & Sierra Sun Placement

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This was a presentation presented by EDAWN (Economic Development Authority of Western Nevada) at the Manufacturing in Nevada Trade Show regarding the Tesla Impact.

SPLASH into Tahoe Real Estate! Tahoe Quarterly Magazine Ad

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Carson Valley Tour

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

lake-tahoe-39-july-2010

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

We are proud to announce that 3 of our Chase International luxury properties have been nominated for the 2014 HGTV Frontdoor Doory Awards!

Please take a moment to VOTE by June 5for our nominees!

(Simply click on the property below, scroll down to the correct listing, and then click LOVE IT.)

 

Category: Waterfront Homes                                               Category: Celebrity Homes

Sue Lowe listing agent (click below)                                     Jon Kirkpatrick listing agent (click below)

 

                                                      

 

Category: Celebrity Homes

Karen & Tom Bruno listing agent (click below)

 

 

Biggest little high five gala 2014!

Biggest little high five gala 2014!

The High Fives Foundation hosted the Biggest Little High Five Gala on Wednesday, April 23 at the Nevada Museum of Art. Thank you to the 180 guests that joined in celebration of the Foundation’s mission.

Great event last Wed. Grant Corrigan’s talk total inspiration. Can’t wait to read his book. Whole evening great. Mark Estee’s dinner Fab too — with Roy Tuscany

Roy Tuscany

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

2014 1stQuarter Stats LakeTahoe TOTALS

2014 1stQuarter_BANDING GRAPHS

2014 1stQuarter Stats ES

2014 1stQuarter Stats TRKE

2014 1stQuarter Stats TC

2014 1stQuarter Stats TD

Haute Living Residences Member~Luxury Real Estate

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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