South Lake Tahoe, CA Real Estate News

By Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366, General Contractor, Dry Rot and Water Damage
(Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366)
  I got back from a wonderful weekend in Tahoe; it’s good to get out and see the beauty around us. We are still getting brief shots of snow in March which is good. It was mostly clear this weekend and the temperatures are expected to get warmer this week. I was able to get some shots of the area that we don’t get to see down in the foothills of the Sierras. Six foot icicles may be commonplace in your neck of the woods but not in mine. Frozen downspouts, black ice, and snow covered hillsides are something that I just love to see as a tourist. I don’t know if I could live in these conditions; I could probably snow shovel the walk way once but not every day.  As a contractor, I looked around and wondered how it would be like to work in those conditions. I am happy to be working in the Sacr...
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By Brandon & Grace Yee, Lake Tahoe Real Estate
(Chase International)
What Are California Local Property Tax Roll Rates? When I posted our new listing yesterday on a brand new construction home for sale in South Lake Tahoe, I got asked, "what are California taxes?" I went to California Board of Equalization and found "California Property Tax An Overview" Local Property Tax Roll The assessed value determined and enrolled by the county assessor is multiplied by the appropriate tax rate to form the basis of the current year’s tax bill. The tax rate is 1 percent plus (1) the amount necessary to make annual payments due on general obligation bonds or other indebtedness incurred prior to July 1, 1978; (2) any bonded indebtedness for the acquisition or improvement of real property approved by a two-thirds majority of voters on or after July 1, 1978; and (3) effe...
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By Brent Johnson
(Chase International South Tahoe Realty)
Many South Lake Tahoe Real Estate buyers that are not familiar with living in snow country often ask me about how well the roads are plowed in Tahoe during the winter months. This is a great question not only for someone looking to purchase a property in South Lake Tahoe, but for anyone looking to visit Lake Tahoe in the winter. South Lake Tahoe visitors and home owners will now have an easy way to check on local road conditions and snow plowing progress within the South Lake Tahoe City limits. The City of South Lake Tahoe has successfully launched and interactive snow removal map on the City's website making it easy to check on how the snow removal progress. The new live snow removal map shows current snow removal progress using GPS tracking units that have been installed on the snow p...
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By Brandon & Grace Yee, Lake Tahoe Real Estate
(Chase International)
South Lake Tahoe Real Estate Market Report for October 2012 October was another great month for single family home sales in South Lake Tahoe, CA.  There were 55 homes sold with the total dollar value sold at $21,025,085.  Out of the 55 homes sold 3 were REO/ bank owned foreclosure and 10 were short sale. The highest price home sold was a lakefront home in Camp Richardson area for $1,875,000.  The lowest price home sold was a probate sale for a one bedroom cabin in Bijou 1 area for $60,750. Most homes were sold in the price range of $200,000 to $399,000 with 28 homes sold.  Second place price range sold was up to $199,999 with 11 homes sold.  Third place price range sold was in $400,000 to $599,999 with 10 homes sold. The forecast for South Lake Tahoe real estate market as of 11-6-2012, ...
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By Brandon & Grace Yee, Lake Tahoe Real Estate
(Chase International)
TJ Maxx Grand Opening in South Lake Tahoe on November 11, 2012 For all you Maxxinistas, TJ Maxx is having a grand opening in South Lake Tahoe, CA on November 11, 2012 from 8am to 8pm located at the "Y". Now we have TJ Maxx and Ross in South Lake Tahoe!   If you're visiting Tahoe or a local go check out TJ Maxx grand opening...(read more)
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By Brandon & Grace Yee, Lake Tahoe Real Estate
(Chase International)
Lake Tahoe Ready for Ski Season Are you ready for skiing or boarding this winter?  Well, Heavenly Ski Resort in South Lake Tahoe reported they had 14 inches of snow overnight!  Just in time for their opening on November 16 (that's less than 7 days from now).  Northstar and Kirkwood opening on November 16, too.  Sierra at Tahoe Ski Resort had 15" of snow in 24 hours.  Their opening day soon to be announced. Get the most of your skiing and boarding by getting a 2012/2013 season passes starting at...read more
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By Brandon & Grace Yee, Lake Tahoe Real Estate
(Chase International)
Just Sold Lakefront Home in Cascade Properties Area, South Lake Tahoe We just closed escrow yesterday on this beautiful lakefront property located in an exclusive gated area of Cascade Properties in South Lake Tahoe. This was a special and rare property having a private cove, sandy beach, and a pier. Cascade Properties is located south of...(read more)
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By Jennifer Fortune
(Chase International South Tahoe Realty)
Area10/31/2012Avg. DOM 10/12Units Sold 10/1210/31/2011Avg. DOM 10/11Units Sold 10/11% Change in Sold Price Al Tahoe $206,000 159 24 $267,500 150 30 -23% Bijou $181,000 175 56 $224,500 112 40 -19.4% Bijou 2 $202,500 101 22 $189,950 153 15 6.6% Black Bart $255,000 124 10 $255,000 157 10 0.0% Christmas Valley 1 $256,250 160 16 $295,750 162 14 -13.4% ChristmasValley 2 $266,500 108 20 $350,000 147 17 -23.9% Echo View Estates $412,000 64 2 $330,000 65 3 24.8% Country ClubEstates/Elk's Club $300,000 173 25 $465,000 163 21 -35.5% Gardner Mtn. $212,000 124 27 $225,750 148 25 -6.1% Heavenly Valley $334,000 198 31 $402,500 239 16 -17.0%
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By Brandon & Grace Yee, Lake Tahoe Real Estate
(Chase International)
September 2012 South Lake Tahoe Real Estate Market Statistics September was another great month for single family home sales for the South Lake Tahoe real estate market.  We had 78 homes sold with a total dollar value at $25,988,856.  There were 8 REO/foreclosure units sold and 17 short sale units sold. The highest priced home sold was a lakefront home in Camp Richardson area for $1,700,000.  The lowest priced home sold was a two bedroom cabin in Bijou 1 area for $87,000. The hot price range is...read more about it
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By Brandon & Grace Yee, Lake Tahoe Real Estate
(Chase International)
Just Sold Tahoe Keys waterfront condo in South Lake Tahoe, CA with lake access! We just sold this Tahoe Keys waterfront condo in South Lake Tahoe for $335,000 (cash purchase).  There were multiply offers and went pending in 6 days! waterfront property 3 bedrooms 3 baths 1,440 square feet 2 deck boat dock Lake access This beautiful condo has a boat dock for all your Lake Tahoe water activities.  There's nothing like boating on the serene clean waters of Lake Tahoe.  Getting to Emerald Bay, West Shore, North Shore, and East Shore is a breeze.  You're sure to make lasting family memories with all the boating trips at Lake Tahoe.     Tahoe Keys is a unique subdivision in all of Lake Tahoe, because it's the only community that offers waterfront properties with Lake Tahoe access.  It's a wond...
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By Scott Jones, Lake Tahoe RE Specialist
(Coldwell Banker)
  My wife (and business partner) and I last had our business photos taken about six years ago.  This picture has been used hundreds if not thousands of times going out on our business cards, flyers, and all associated business literature for the Jones Real Estate Team.  The past six years seem to have flown by but without a doubt a considerable time has passed.  So with much reluctance and hestitancy (I hate having my picture taken - doesn't everyone) we set up our appointment to have new professional picture taken of us.  We decided to have new photos taken for a few reasons. First of all, I got sick and tired of the comments I would occassionally get about our old photo.  "Wow, that doesn't even look like you!" or "How long ago did you take that picture?" . . . Frankly, those types of...
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By Scott Jones, Lake Tahoe RE Specialist
(Coldwell Banker)
We just completed/closed the sale of the property we had for sale in Tahoe Keys on the south shore of Lake Tahoe. This turnkey property with 4 bedrooms and 3 baths was somewhat unique from most of the other homes in the Tahoe Keys Homeowners associations. While it was not located directly on the water it came with ownership of its own boatslip/dock in the marina. And this property perhaps is the most secluded and private off all the homes in this community. The lots on both sides are vacant adding all the more to the quiet. For more information on properties in the Tahoe Keys or anywhere in the Lake Tahoe region contact me at 530-386-3321. You can also go to our website at www.ScottAndKimSellTahoe.com.
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By Gary Bolen, CRS - Lake Tahoe Real Estate Information
(McCall Realty)
 South Lake Tahoe Median Sold Price Holding Steady since the first of the Year! (Lake Tahoe Real Estate Blog / August 31, 2012 / Richard Bolen) Is this the calm before the next home price rising storm? To be true, nobody knows, but South Lake Tahoe, CA median sold home prices have been steady since last December. That certainly does suggest a reasonable degree of market flattening over time. A trend like this can in fact be a market bottom, and its certainly possible South Lake Tahoe home values could drop down again, but we have not seen such a sustained home price plateau since the market turned South back at the end of 2005. What this means, and it's our hunch based on a lot of numbers crunching over time is, barring any new broadsides to the US economy, is South Lake Tahoe home valu...
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By Gary Bolen, CRS - Lake Tahoe Real Estate Information
(McCall Realty)
The Most South Lake Tahoe, CA Home Sales Since 2005. (Lake Tahoe Real Estate Blog / August 30, 2012 / Richard Bolen) Yes, South Lake Tahoe housing demand is on it's most torrid pace since our market high 7 years ago. This is a good thing for our housing market indeed. What's perhaps even better for today's South Lake Tahoe home buyer is interest rates are still astoundingly low (about 3.5%), and South Lake Tahoe home prices are still very, very low. The median sold price of home sales in the last 180-days is $226,000. Last April it was $220,000, and in February it was $225,000. Last December it was $231,500.  South Lake Tahoe, CA 2012 Home Sales to date: As of today there have been 426 single family home sales this year. Considering monthly home sale averages since 2003 for the rest of ...
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By Bob & Leilani Souza, Greater Sacramento Area Homes, Land & Investments
(Souza Realty 916.408.5500)
South Lake Tahoe, CA 96150 - The Beacon Bar & Grill at Camp Richardson Rum Runner. It's the drink that The Beacon Bar & Grill at Camp Richardson in South Lake Tahoe, CA is famous for...that along with their beachfront and lakeside outdoor dining deck with live music every afternoon from 2-6pm! Just sit back and scroll down...these photos are worth a few thousand words and they tell the whole story: The Beacon Bar & Grill at Camp Richardson Resort Boats Docked at The Beacon Bar & Grill Live Entertainment at The Beacon Bar & Grill - Key Lime Pie View of Lake Tahoe from The Beacon Bar & Grill  The Beacon Bar & Grill - Home of the Famous Rum Runner The Beacon Bar & Grill at Camp Richardson 1900 Jameson Beach Road, South Lake Tahoe, CA 96150 (530) 541-0630
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By Bob & Leilani Souza, Greater Sacramento Area Homes, Land & Investments
(Souza Realty 916.408.5500)
Hot August Nights 2012: South Lake Tahoe (8/3-8/5) Reno-Sparks (8/7-8/12) Hot August Nights first started in the Reno-Sparks Convention Center in 1986 and has grown to be the nation's largest classic car event today. Hot August Nights 2012 started on Friday, August 3, 2012 at the MontBleu Casino in South Lake Tahoe and the events are now being held in Reno-Sparks until it ends on Sunday, August 12, 2012. These classic car photos were taken at the "Show & Shine" at MontBleu Casino (formerly the location of Caesar's Palace) on Sunday, August 5, 2012: Hot August Nights 1425 E. Greg Street, Sparks, NV  89431 (775) 356-1956 info@hotaugustnights.net
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By Drew Kondo
(Sierra Sotheby's International Realty)
The following are bank-owned properties in South Lake Tahoe, California, and nearby areas. Property details and pictures can be accessed by clicking on property addresses. If you’re interested in receiving Tahoe bank-owned property lists by e-mail, please let me know at drew@southtahoehouses.com. If you are interested in property on this list or any property in Lake Tahoe, e-mail me or call me at (530) 545-1831. Property Address - Price - Beds/Baths/Garage Spaces 1354 Thunderbird Dr. - $45,000 - vacant land 3749 Larch Ave. - $93,500 - 2/1/0 Lot #11 Helen Ave. - $95,000 - vacant land 3732 Tamarack Ave. - $99,900 - 3/2/0 duplex 2613 Osborne Ave. - $138,500 - 3/1.5/0 1120 Kirkwood Meadows Dr. #108 - $139,900 - 0/1/1 condo 3760 Pioneer Trl. - $164,900 - 4/2/0 duplex 3282 Pickett Ave. - $18...
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By Gary Bolen, CRS - Lake Tahoe Real Estate Information
(McCall Realty)
   22.5% more housing demand in South Lake Tahoe, CA compared to the rest    of the country  (Lake Tahoe Real Estate Blog / July 19, 2012 / Richard Bolen) Americans bought fewer homes in June than May, according to the Associated Press this morning. We thought we'd look at some of the data in the article and compare that to South Lake Tahoe, CA. The National Association of Realtors (NAR) said Thursday that sales of previously occupied homes fell 5.4 percent in June, and that sales results were the fewest since October. As the chart below shows, however, there was an increase in June sales in South Lake Tahoe, where 72 homes sold this year, compared to 65 home sales last month, and 51 home sales in June a year ago. According to the article, US home sales are up 4.5 percent from a year ag...
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By Brent Johnson
(Chase International South Tahoe Realty)
The South Lake Tahoe Real Estate market had an excellent month in terms of transactions closed in June. There were 77 single family homes and condos that were reported as sold on the South Lake Tahoe MLS. The number of homes sold in June was up from 66 sales in May and well above June 2011 when 59 properties were sold.   The real estate market continues to be very active, but we are still struggling with a low inventory of homes for sale. There are currently only 234 single family homes that are listed on the MLS as "active" listings in the city and county areas of South Lake Tahoe. There are 365 total single family listings, but 130 of them are in escrow (36%). With the low inventory of properties for sale in South Lake Tahoe, buyers are still dealing with multiple offer situations on ...
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By Gary Bolen, CRS - Lake Tahoe Real Estate Information
(McCall Realty)
Historic Low Home Loans Now at 3.62% Fixed Rate (Lake Tahoe Real Estate Blog / July 5, 2012 / Richard Bolen) Yep (and Eureka!), fixed mortgage interest rates fell again today to new record lows for a 30-year home loan. We don't know what could be better news for South Lake Tahoe home buyers. According to the Associated Press article, this record plunge provides more incentive to brave a modestly recovering US housing market. Today's 3.62% interest rate is the lowest since long-term interest rates began in the 1950's. Also found in the article: Cheap mortgages have provided a lift to the long-suffering housing market. Sales of new and previously occupied homes are up from the same time last year. Home prices are rising in most markets. And home builders are starting more projects and spe...
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