3.19.21

Lake Tahoe Real Estate Resource 

March 19th, 2021

866.542.2912

The sun doesn’t appear to be setting on the bustling housing market, even as mortgage rates continue to rise.

The gradual increase in 30-year fixed mortgage rates and a slight dip in mortgage applications may have initially worried some ahead of the spring home-selling market. Rates rose to over 3% in early March, breaking an almost year-long decline during the pandemic that resulted in record lows.

Still, industry experts say the market activity isn’t showing signs of stopping anytime soon.

“For this upcoming spring buying season, this year will be notably higher than last year with maybe even up to 40% or 50% more home sales this year versus last year,” says Lawrence Yun, chief economist for the National Association of REALTORS®…Read Here.

California home sales and prices ease but strong buying interest continues to provide support to the market as sales record eighth straight year-over-year gain, C.A.R. reports

 

– Existing, single-family home sales totaled 462,720 in February on a seasonally adjusted annualized rate, down 4.5 percent from January and up 9.7 percent from February 2020.

– February’s statewide median home price was $699,000, down 0.1 percent from January and up 20.6 percent from February 2020.

– Year-to-date statewide home sales were up 15.9 percent in February…. Read Here.

Lake Tahoe Fund Fact

There are four prescribed fires planned in the Tahoe Basin this week. Prescribed fires have many benefits to our ecosystem in Tahoe. Among the most important is the ability to safely reduce excess amounts of brush and debris that can lead to a catastrophic wildfire. Returning low intensity fire back onto the landscape also helps to create a healthy forest that is resistant to drought, insects and disease. Thanks to the Tahoe Fire and Fuels Team and Tahoe Living With Fire, an interactive map of prescribed burns is available at tahoelivingwithfire.com.

Weekly South Shore Real Estate Stats

2977 Oakland Ave.

$329,000

New Listing!

 

 

Old Tahoe cabin on terrific corner lot. This one bedroom 1955 constructed cabin in highly sought after Al Tahoe neighborhood is ready for your creative juices, vision, and construction know-how. Owners are ready to pass this project along as a reconstruction site or major overhaul.

Call Bret Howard (530) 318-5439

 

 

With a little love, this duplex has great income property potential. Centrally located and close to casinos, beaches, shopping, skiing and the only cinema in town. There is a spacious 3 bedroom 2 bathroom unit upstairs and a 2 bedroom 1 bathroom unit with a 1 car garage downstairs. Large driveway that can accommodate numerous cars. Don’t miss out on this unique opportunity! Property to be sold “as-is”.

Call Jesse Yohnka (530) 318-2518

Back on Market!

 

 

Here is your chance to own a unique home in the county area of South Lake Tahoe. This 3 bed, 2 bath, 1582 square foot home has been updated thru the years with Tahoe keepsakes and individuality. Upgrades include: upgraded upstairs bathroom, upgraded kitchen, 40 year roof installed in 2008, upgraded electrical, newer water heater, furnace and siding, newer sheetrock and fully insulated walls. The mudroom has a new exterior door and etched windows that were salvaged from the old Stetson steak house in the Horizon. Located in Meyers you have the added bonus of being zoned for livestock so this backyard is not only a mecca for fun but it also has a large chicken coop and a beautiful, mature garden, large shed and yard hydrant. So much is bundled into this package that it all cannot be listed here. This property is also outside the city limits so it can be a short term rental if that is your desire. Call for more details.

Call Shannon Witt (530) 863-0548

In- Escrow

 

Your sunny, private county home awaits! This home is located in one of the best neighborhoods in South Lake Tahoe. It’s county location gives you the option to make it a Vacation Home Rental yet it’s still close enough to town to be a short drive away from everything the South Shore has to offer! This 3 bed, 2 bath home has conservancy lots in the back and right sides to give you private forested views. Upstairs boasts an open kitchen and living room along with a master suite. Downstairs is a second living area along with 2 additional bedrooms for your guests to stay. The large backyard is fully fenced and landscaped with a lovely stone patio. Recent updates include all new hardwood floors as well as interior and exterior paint. This well maintained home is a must see!

Call Nicole Ladd (408) 712-2439