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South Lake Tahoe Real Estate Update

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July 16th, 2020  

  

 
866.542.2912  
We are proud to announce on this coming Sunday, July 19th, at 5:00 pm, the 1st Lake Tahoe Art Auction & Clean Up The Lake fundraising collaboration. Clean Up The Lake focuses on cleaning, not only the beaches of Lake Tahoe, but also cleaning up garbage that has sunk to the bottom of the lake through SCUBA and free diving. Since 2018. Clean Up The Lake has removed thousands of pounds of garbage from the bottom of the lake and even more from the beaches. The auction is featuring three images each from four local photographers: Brad Scott, Dylan Silver, Nick Cahill, Abe Blair and Michael Eadington. All of the money raised in the auction, beyond the costs of the prints themselves, will go to Clean Up The Lake. This is your chance to get a world class print and help preserve our regional treasure all in one place! RSVP Here.
For the last 10 years, the Tahoe Fund, a nonprofit that funnels philanthropy and donations to projects that restore the environment at Lake Tahoe, has been a major resource to the Tahoe Basin. The Tahoe Fund champions private-public collaboration. And it has been very successful in this model. In the last five years, it has leveraged $2 million of private funding into more than $40 million of public funding. The Tahoe Fund takes its partnerships one step further. It not only provides the money, it convenes people-from U.S. senators and state governors to local volunteers. As a result, the organization has collaborated on dozens of projects to restore Tahoe’s forest health and lake clarity, build trails, donate mountain bikes to kids, battle aquatic invasive species, restore pivotal components of the Tahoe watershed, educate tourists about stewardship and much more. Click here to read more.
 
Mortgage applications to purchase a home rose 5% for the week and were a remarkable 33% higher than a year ago, according to the Mortgage Bankers Association’s index, which was seasonally adjusted, including for the Fourth of July holiday. Buyer demand has been incredibly strong since mid-May, after the coronavirus shut down most housing activity in April. The only thing standing in the way of more sales is the record low supply of homes for sale. Home prices gains continue to accelerate, so low mortgage rates are giving buyers much-needed help. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of up to $510,400 dropped to 3.26% from 3.29%. Points, including the origination fee, for loans with a 20% down payment decreased to 0.35 from 0.36. Click here to finish reading. 
 South Lake Tahoe Real Estate Market Stats

 
With a 1.4% absorption rate, Lake Tahoe real estate is an extreme seller’s market with properties getting multiple offers. Given the current state of the Covid world and while access to Tahoe for many is virtual, somewhat counter- intuitively, we are still enjoying an active real-estate market where solid values can be obtained by the buying and selling markets. Real estate listing Inventory is maintaining a slow but solid number of new listings coming to market while other inventory leaves the market in the form of sales (see absorption rate above) or expired listings. What we look for in these leading indicators is direction of the RE market for purposes of anticipating pricing and sales expectation. What we see currently is consistency (as opposed to volatility, such as the liquid equity investments markets). Please don’t hesitate to reach out to us and discuss the market place and how this might affect your plans for your real-estate at the moment we have green lights and blue skies but we’ll have to view it virtually! We can do that!!! To compare this report to last weeks, click here. To learn how to use the absorption rate, click here. 
Many positive signs abound for California’s economy and housing market. However, much of the recent data has yet to be impacted by the spike in Coronavirus cases and positive tests. Overall, preliminary indications are that the housing market recovered much of its lost ground in June and economic data continues to improve. Still, uncertainty has also grown in recent weeks and the downside risks have also increased with a larger likelihood that the recent recovery could lose some momentum in coming weeks. Finish reading here. 
Opens 

Open Houses D

 


Please call to setup your personal open house! Look below for the agent’s phone numbers who will be at the designated house you’re interested in! Call them for more information. 

NEW LISTING!!
2486 Osborne Ave
When only the best will do, step right into this all new, all custom, Lake Tahoe Mtn. Modern living at its finest! Steps from the meadow where endless trails take you to Tahoe’s adventures; lakes & beaches, rugged trails, sunset meanderings or stroll over to the hot spot restaurants and cafes, markets and shops. Centrally located, nothing is too far away from this spacious high-quality custom home with 4 bdrm., family room and 3.5 bath. The spectacular all custom chef’s kitchen holds court in the grand room which is anchored by an impressive rock fireplace. Lots of room to move in this 2,663 sq. ft. split level home and if that’s not enough, take the occasion outside to the extended entertainment area; oversized upstairs and downstairs covered decking! Perfect for family gatherings, working from home, whatever your preference, there’s room to move and opens up a wide range of lifestyle possibilities. If that’s not enough don’t forget there’s a supersized 3 car garage for all your toys. 
Call Bret Howard 530-318-5439

 
940 Cave Rock Ave
Best of both worlds, Ol Tahoe historic neighborhood yet a unique newer 5 bdrm., 2 ba charming cabin. All this plus it’s the best of locations in Al Tahoe, near beach, bike trails, shops, lakeview commons and cafs. Original cabin built in the 1930’s but was completely rebuilt in 1990 saving much of the original knotty pine wains-coating. This spacious mtn. style home has been host to many extended family gatherings, vacation home and now a long term rental. Highly desirable multi family or large gathering 2432 sq. ft. spacious floorplan, includes oversized living spaces, bedrooms and outdoor spaces as well. Perfect for entertaining no matter the season. Supersized kitchen with all the amenities, river rock mantel hosts the gas fireplace in the great room, all done in knotty pine making this a warm, inviting room for all. Plus loads of parking and places to hang. 
 
Call Jesse Yohnka 530-318-2518

 
1337 Wildwood Ave
With views of Lake Tahoe and Heavenly Ski Resorts Gun Barrel run this immaculate 4 Bedroom plus bonus room, 4 Bath house offers living at its finest. Gourmet chefs kitchen includes a double oven, 5 burner gas cook top & granite counter tops. The living room has a slider out to the top deck with views of the lake that also shares a double sided see through fireplace with the living room. All the bathrooms have hand pounded copper sinks and exquisite natural stone work including onyx, travertine, granite and marble. The Master bath spares no expense with a hand pounded copper free standing bath tub, walk in shower and custom double vanity w/ copper sinks. This is truly one of a kind property.
 
Call Tambra Anderson 530-721-5588

 
220 Terrace View Dr
A one of a kind must see pristine 1973 custom home with an attached 800 sqft 4 car garage. When you walk though the doors you are welcomed by a great room featuring large beam vaulted ceilings, floor to ceiling rock fireplace and wall to wall windows in the living room allows for amazing views of the lake- no art necessary! The main floor has a great room, master bed, 2nd bed and hall bath. There is a loft with 1 additional bed upstairs. Take the elevator down to the second floor and you have the exact same layout with a kitchenette, master and 2nd bed. This could be turned into a second unit if one desires. Keep this home in its mint condition 1973 design or customize to your hearts desire. 
 
Shannon Whitt
Call Shannon Witt 530-863-0548

2608 Palmira Ave, $595,900          
 
2608 Palmira Ave
Lake Tahoe’s best buy! You can have it all in this newer 2005, 4 bdrm 3 bath home. Spacious living smack in the middle of town where you can catch the trails to the beach, walk to midtown shops and restaurants from this 2200 approx. sq. ft 2 story mtn modern home. This well laid out floorplan hosts upstairs open great room; cozy living room with a warm & inviting fireplace with granite surrounds, well-appointed kitchen & Bay window dining area all that opens to the viewing treks decking. Upstairs you’ll also find hall bath & 2 bdrms including the spacious & private master bdrm. Nicely appointed with natural stone flooring, marble counters & spa tub. The downstairs floor hosts the 2 additional bedrooms. 1 full bath, laundry, supersized garage AND large fenced yard! This could be perfect for so many configurations; spacious for the large family or multi-generational buyer. Great for the work from home crowd with separate work, live & play spaces. You can have it all!! 
 
Wally Johnson
Call Wally Johnson 530-277-5687
Opens Featured Listings

3737 Terrace Dr, $1,955,000           
 
3737 Terrace Dr
This fully remodeled custom home has be outfitted with only the highest end finishes. With adding on an additional 1532 sqft of living space, the owner completely changed the style and level of elegance this home had to offer. Over the last three years this extensive remodel has included an entire exterior facelift using redwood and slate, Ipe and slate decking, redwood railings and a new metal roof. Inside includes an addition of two master suites on the bottom level, new oak and mahogany hardwood flooring through out, custom porcelain and marble tilework, heated bathroom floors, custom poured concrete fireplace, stainless steel appliances, quartz counter tops, custom SS and glass railings and so much more. This home is being offered fully furnished with furnishings from West Elm, Pottery barn and Article, a single slab Balinese Suar wood table set in the kitchen and a mid century antique Lane Alta Vista bedroom set. There is just too much to list so this is a must see! 

2576 Alma Ave, $339,000           
 
2576 Alma Ave
Calling all would be Lake Tahoe homeowners: now’s your chance to get into the housing market!! This affordable and roomy 2 bedroom, 1 full bathroom, plus 1 car garage comes neatly packaged in this rancher style home. All with a pleasant twist on the floor plan which includes room for an eat in kitchen, dining area and great room leading to the fabulous fenced back yard, all this for spacious family spread or entertaining! Loads of pre-existing covered parking, super sunny centrally located Lake Tahoe home. Hop on your bike and the trails, or walk to the shops, restaurants and markets in the area of Tahoe Sierra. Make this your next home and take advantage of today’s super low interest rates which truly makes this home a better option than renting. Call/text for details.

       
2208 Marshall Tr
Beautiful custom Tahoe home situated on a sunny corner lot in Montgomery Estates. Located across the street from national forest, this 4 bedroom 2.5 bath home boasts 2,995 square feet of living. Thoughtfully laid out design allows for single level living with master bedroom, kitchen, dining, living and laundry room on the first floor. A spacious loft, full bath, and 2 additional rooms encompass the second story. Enjoy yourself outside in the spa while looking at the forest. This property has everything in place and is ready for its new buyers personal touches! 

1323 Keller Rd. $1,190,000          
 
1323 Keller Rd
Surrounded by forest with peek-a-boo Lakeview’s, this one of a kind mountain masterpiece is a must see. Built in 2004, this home was finished with attention to the finest detail. Dramatic 22′ open beam ceilings, 60 wood-clad windows and skylights plus rustic maple flooring. The professional chefs kitchen includes built in appliances, granite slab counter tops and custom Alder cabinetry. The home offers not one but two master suites, 4 jetted tubs in all, a game room and hot tub situated in the trees. Located just down the street from the California Lodge at Heavenly on a 10600 sqft lot backing to USFS land. 

 
1331 Wildwood Ave
Heavenly Valley retreat! No detail was overlooked or dime spared in this beautiful remodel. Located just down the hill from Heavenly Ski Resort, this home offers beautiful filtered lake and mountain views. Sit on the wrap around deck and watch the sunset while warming by the double sided fireplace. Inside the home offers three bedrooms all with on suite bathrooms, large open concept kitchen/dining and living room and 2 car garage. Finish details include hardwood flooring through out, stainless steal appliances, granite counter tops, custom vanities, onyx and slate bathroom surrounds, designer window coverings and more. Unique to this house is AC and a sauna as well.

       
2820 Blitzen Rd
Stunning river front 1 acre buildable parcel located in Christmas Valley. The South Upper Truckee River winds its way through the valley and past this lovely home site where building your dream home may begin! Lots of space around you for that added privacy with two adjacent USFS lots to the right and beautiful mountain and river views. Go to TRPA.org to research the building process in Lake Tahoe basin and start with the IPES scoring system. IPES of 982 with 30% coverage.
 
 
 
 
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CA Lic # 01302763 NV Lic # 52501

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