Lake Tahoe Experts

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Lakefront Properties Updated - Stateline, NV area of South Lake Tahoe.

Lakefront Properties Listings Update - South Lake Tahoe real estate market statistics.(LAKE TAHOE REAL ESTATE BLOG) We’ve just updated Lakefront Properties, one of the Stateline, NV neighborhoods as desigated by our mls in our South Lake Tahoe real estate market. Please click the link “Lakefront Properties, NV” found in the left sidebar of our Lake Tahoe Real Estate Blog.  This will lead one to all current Lakefront Properties listings, current escrow and all sales in 2007. Also included are all Lakefront Properties sales for 2006, 2005 and 2004.


Also included in our left sidebar are all other South Lake Tahoe and Stateline, NV neighborhoods, plus complete reports on the entire South Lake Tahoe real estate market and Statenline, NV real estate market. Here you will also find current South Lake Tahoe real estate and Stateline, NV real estate absorption rates as well. This is the most complete and up-to-date Lake Tahoe real estate information available online. Our goal is to provide you with all of the information... all of the time.

About Lakefront Properties:
Lake front homes and estates on the Nevada side of our South Lake Tahoe real estate market are found in all neighborhoods facing the lake, and along Highway 50 from Elk Poijnt to Glenbrook. Value ranges from the high $2M’s to $30M. Lake front homes are usually the most desirable property to own around Lake Tahoe. They are also, and it makes sense, the highest price. Values usually increase along national trends, though lake front properties in Lake Tahoe rarely, if ever, see price declines.

Also found on each spreadsheet page for Lakefront Properties are statistics charts with the following:

  • -- Median Sold Price.
  • -- Average List Price.
  • -- Original List Price.
  • -- Dollar difference between original list and median sold price.
  • -- Percent difference between original list and median sold price.
  • -- Average Price per Sq Ft.
  • -- Average Days on Market.
  • -- Average Size.

We offer this information as a public service. It is the most complete and current information on Lakefront Properties and the South Lake Tahoe real estate market available.

If you like what you see here and find it helpful, please call or email us for further help with buying or selling a Lake Tahoe home. We’re also always interested in comments and suggestions too. (Please use comments box below.)

0 comments • Gary Bolen (CRS) Lake Tahoe Real Estate Information • October 27 2007 12:00PM

Glenbrook Neighborhood Update - Stateline, NV area of South Lake Tahoe.

Glenbrook Listings Update - South Lake Tahoe real estate market statistics.(LAKE TAHOE REAL ESTATE BLOG) We’ve just updated Glenbrook, one of the Stateline, NV neighborhoods in our South Lake Tahoe real estate market. Please click the link “Glenbrook, NV” found in our left sidebar.  This will lead one to all current Glenbrook listings, current escrow and all sales in 2007. Also included are all Glenbrook sales for 2006, 2005 and 2004.


Also included in our left sidebar are all other South Lake Tahoe and Stateline, NV neighborhoods, plus complete reports on the entire South Lake Tahoe real estate market and Statenline, NV real estate market. Here you will also find current South Lake Tahoe real estate and Stateline, NV real estate absorption rates as well. This is the most complete and up-to-date Lake Tahoe real estate information available online. Our goal is to provide you with all of the information... all of the time.

About Glenbrook:
 (Number homes: about 325) With a guarded entrance, a private beach, pier, golf course and club, Glenbrook is one of our most exclusive and upscale communities. Glenbrook properties range from top-of-the-market condominiums to expansive estates. Glenbrook website. Glenbrook vacation rentals.

Also found on each spreadsheet page for Glenbrook are statistics charts with the following:

  • -- Median Sold Price.
  • -- Average List Price.
  • -- Original List Price.
  • -- Dollar difference between original list and median sold price.
  • -- Percent difference between original list and median sold price.
  • -- Average Price per Sq Ft.
  • -- Average Days on Market.
  • -- Average Size.

We offer this information as a public service. It is the most complete current information on Glenbrook and the South Lake Tahoe real estate market available.

If you like what you see here and find it helpful, please call or email us for further help with buying or selling a Lake Tahoe home. We’re also always interested in comments and suggestions too. (Please use comments box below.)

0 comments • Gary Bolen (CRS) Lake Tahoe Real Estate Information • October 27 2007 11:44AM

Cave Rock Neighborhood Update - Stateline, NV area of South Lake Tahoe.

Cave Rock Listings Update - South Lake Tahoe real estate market statistics.(LAKE TAHOE REAL ESTATE BLOG) We’ve just updated Cave Rock, one of the Stateline, NV neighborhoods in our South Lake Tahoe real estate market. Please click the link “Cave Rock, NV” found in the left sidebar of our Lake Tahoe Real Estate Blog.  This will lead one to all current Cave Rock listings, current escrow and all sales in 2007. Also included are all Cave Rock sales for 2006, 2005 and 2004.

Also included in our left sidebar are all other South Lake Tahoe and Stateline, NV neighborhoods, plus complete reports on the entire South Lake Tahoe real estate market and Statenline, NV real estate market. Here you will also find current South Lake Tahoe and Stateline, NV absorption rates as well.


About Cave Rock:
(Number homes: about 190) Located on hillsides overlooking the lake, Cave Rock and Lakeridge offer both breathtaking lake views and forested lots. Homes range from dated fixer-uppers, through mid-market opportunities to some of the most stunning view property estates on the Lake.

Also found on each spreadsheet page for Cave Rock are statistics charts with the following:

  • -- Median Sold Price.
  • -- Average List Price.
  • -- Original List Price.
  • -- Dollar difference between original list and median sold price.
  • -- Percent difference between original list and median sold price.
  • -- Average Price per Sq Ft.
  • -- Average Days on Market.
  • -- Average Size.

We offer this information as a public service. It is the most complete current information on Cave Rock and the South Lake Tahoe real estate market available.

If you like what you see here and find it helpful, please call or email us for further help with buying or selling a Lake Tahoe home. We’re also always interested in comments and suggestions too. (Use comments box below.)

0 comments • Gary Bolen (CRS) Lake Tahoe Real Estate Information • October 27 2007 11:33AM

MeMe: It's not Who We Are... but it is a few odd and fun things we've done.

This one took a while. Mike Mueller tagged us for it, bless his heart. It was right before the flu knocked me out for about 10 days, and before the time consuming focus we discuss in the post below this one. 

It was fun doing this, and please excuse it's length. Each one of these six peaks at us is only a snippet. Some should be short stories, and two could, and might be some day, a book.

And of course, being real estate agents now, that's not who we are either, is just another chapter in a life where one thing follows after another, each of which we prepare for as it comes, and play as best as we can with our game face on. 
Sole Meuniere

I Can and Like to Cook... it was Paris's fault.

We lived in Paris from when I was 10 to 14. My favorite thing to eat was fresh dover sole, escargots and a mache salad. At 10, I would rather have that than a cheeseburger.

We lived in a small French village near Orly Airbase, which later became De Gaulle Airport. We could get fresh sole at the local farmer's market there, and oven fresh French bread daily at the village boulangerie.

Years later, when we had out art gallery (below), on most days I had dover sole meuniere (pictured) for lunch. That was during Watergate, and once I literally bumped into Henry Kissinger in the restaurant. "Excuse me, Mr. Secretary."

We later moved to Austin, when at that time there was plenty of excellent Tex-Mex food, BBQ and little else. It became clear to me that if I wanted eggs benedict, for example, I would  have to learn how to make a hollandaise myself. I had to learn to cook.

I studied Julia Childs first two cookbooks, "Mastering the Art of French Cooking", with religion. Before long certain basic ideas emerged: there are only several ways that heat is added to food, and it follows a repeatable pattern. Sauces and adding flavor are also variations on a central theme. Once understood, I was off and running.

Maxene and I cook most every night here at the Lake. She has gotten very good at it since we've been together. Mostly it's Northern Italian influenced (the root of French cooking), but we do Mexican, Japanese influenced things, and Southern American too.

Cooking to us is a fun, creative art form. We're relaxed, not obsessive, about it. I find it most often to be a great diversion, sometimes verging on meditative relief.

Last night Maxene made San Antonio style steak piccado, cheese enchiladas from scratch, pico de gallo, with avocado on the side and flour tortillas. 
Tabarja Beach

I Graduated from High School in Tehran.

We went to the Tehran American School. I was there for my senior year only, my brother was in the 8th grade. This was during the time of the Shah, when Tehran was something to see. The students there were from mostly military and state department, and a few oil and communications industry families.

The senior class always had a year-end class trip for a weekend on the Caspian Sea. After school started, I was elected Senior Class Social Chairman, and I wasn't sure what that meant, but I did know I'd rather go to Beiruit than the Caspian Sea. So we did.

"Social Chairman" meant fundraiser, I soon learned, and over the year we raised enough money to take the entire class of about 60 via Pan Am for a week on Tabarja Beach in Beiruit (pictured now, not as it was then).

Back then, Beirut was the jewel of the Mediterranean. It was a visual, sophisticated city, a crossroads of Mediterranean and middle Eastern cultures. What's been done to it since is truly tragic.

We also went to see the Roman ruins in Baalbek. That was a trip, but one an American would not come back from now.
Chelsea Hotel

I Lived in the Hotel Chelsea.

Billed as "a rest stop for rare individuals:, the Hotel Chelsea (pictured) is a well-known residence for artists, musicians, and writers on 23rd Street in New York. Quirky, offbeat, eccentric, it is likely the most famous artists' retreat in the world.

I lived there after Jimi Hendrix hung out there, and before Sid Vicious died there. Arthur C. Clarke wrote 2001, a Space Odyssey at the Chelsea. Dylan was around a lot then, as were those that were associated with Andy Warhol. (Check out Chelsea people here.)

I met and spend a lot of time with Harry Smith, a painter, ethnomusicologist and avant garde film animator, who lived there for many years in room 328.

Harry was often associated with the beat generation. I met Alan Ginsberg and Gregory Corso in his room, and I think Charles Bukowski and William S. Burroughs. That was interesting. What was remarkable was I met my friend Patrick Hulsey there.

Patrick was one of the most generous people I have ever known. Years later we did "Rockers" together (below). He passed away, with great spirit and dignity, in 2005.  
Padmasambhava

I Owned a Tibetan Art Gallery.

I was first an art major, then history, then political science, and the last major was trying to stop the Viet Nam war. Perhaps part of all of that, or not, but for some reason, I always had an urge to own an art gallery. The opportunity came in the early '70's.

We put together the gallery first (dumb) before the art came. It was supposed to be art from Afghanistan via a friend, but that never came. So we had this gorgeous, empty building, and people weren't exactly coming in droves to watch us scratch our heads trying to figure out what's next.

We had a friend who was a music promoter, who brought Led Zeppelin first t o the area then, and a health food story owner, who had a friend who lived near Woodstock that had a large amount of Tibetan artificts. A partnership was born.

I didn't know a thing about Tibetan Art when I first looked at it, other than it was beautiful to me. With the gallery full of it, the place was so visually stunning people would stand in front of it at night just to peer inside.

It didn't take long to realize we had to answer "what's that". I had to study Tibetan Art, which led to it's culture, to sell it. And study it we did, down to the rare books room in the Library of Congress.

The study revealed something wonderful. A way of life and thinking, and compassion, I only wish I could aspire to.

We've only got one piece of art left from those days. It is a silk appliqued, embroidered Tibetan thangka of Padmasambhava, who is said to have brought Tantric Buddhism to Tibet in the 8th century. (Pictured is a thangka of him, but not ours.)
Rockers

I was a Co-Producer of a Feature Film.

I could write a book about this one, and probably should. Patrick produced it under the name Jesse Burton Stone, and it is one of the two great reggae movies ever made.

Ted Bafaloukos directed it, and we got very lucky. He captured the heart and soul of roots reggae music and it's culture in its prime. It's a feature film, with a Robin Hood story line, not a documentary, but what Ted caught in the camera is so authentic, I sometimes refer to is as Margaret Mead goes to Kingston.

I started working on Rockers after principal photography was finished. I was responsible for helping raise the rest of the funds to complete the film, plus set up and negotiate the film distribution and record deal, which required music rights licenses with each of the artists for the original music plus the 27 songs involved in the picture. I also had to get signed clearances from all of those who acted in the film, which for the most part were the musicians themselves.

Our main record deal was with Mango Records, a division of Island at the time. Our Caribbean deal was with Bob Marley, who was not in the film. At the time I was in his studio from time to time when he recorded Soul Survivor. 

The other two Wailers, Peter Tosh and Bunny Wailer were involved. Bunny did our title song, "Rockers", and Peter, a really nice guy, did "Steppin Razor", the song where the story in the film finally comes together.

At the time Peter Tosh was on the Rolling Stones label, who at first wanted to do the record for us. That's how I met them. Throughout, I had to negotiate with virtually every well known reggae artist at the time.

The film opened at the Mercer Street Art Cinema in 1980, on the same weekend that "The Blues Brothers" and "Can't Stop the Music" did. Our reviews were excellent, and one asked this question, "if a group of people can do something this good for a million dollars in production costs who have never made a movie before, what is wrong with the film industry?" That was in the New York Times, and they were referring to those other two films that opened the same time. We didn't, but I wish we had, make as much money as The Blues Brothers did.

Rockers went to Patrick's family, and if you buy the film and the soundtrack, it will help his daughter Jesse. And it will be an across the board treat if you do. 

Power Rangers

 

 

 

Ok, you're it... tagged for a MeMe:

Joey Aszterbaum

Jason Sardi

Bob Stewart 

 

 

I Wrote the Live Tour for the Mighty Morphin Power Rangers.

This is the dumbest thing I think I've ever fallen into. At one point I became a free lance marketing person for an LA choreographer of television dance shows, "Solid Gold" was one, and also a producer of Las Vegas casino styled dance and variety shows. With my rock music background, it was a stretch. But I did cash the checks.

We had shows at The Sands in Las Vegas, before it gave way to the current Venetian, at Harvey's in Lake Tahoe (how I ended up here), and on various cruise ship lines. The producer also choreographed the Miss America Pagent back then, but thankfully I was never asked to help with that. 

I wrote and presented show pitches with the producer to most of the Las Vegas casinos at the time, and along the way I was asked to write for some of the shows. It was mostly scene transitions, segues, and dialogue changes to make it as easy for the dancers as possible. 

Two rock promoters asked for a meeting with the producer. Seems they had convinced Universal to fund a rock concert style show tour for children starring the Mighty Morphin Power Rangers, who and what I had never heard of at all. They wanted the producer to direct it.  When she asked if they had a script, they said no, and then she said I could write it. Gulp, my throat pulsed in absolute horror.

I had a week to deliver the first draft of a live show about something I had never seen and knew nothing about. Blockbuster was my first stop. There were two videos of the show. It was even scarier than I thought as I watched them. I made up something, wrote it and it did get delivered in a week. It was the first of about 25 drafts before it got done.

The show toured, big time live, in arenas, with two different sets, casts and crews in an untold number of semi-tractor trailer trucks all across the country. And I never saw it once.

21 comments • Gary Bolen (CRS) Lake Tahoe Real Estate Information • October 25 2007 04:47PM

The Current State of the South Lake Tahoe Real Estate Market.

Current State of the South Lake Tahoe Real Estate MarketFive key market indicators: Demand, Supply, Escrow, Prices, Absorption.

 

The following is a summary of all key real estate market indicators for South Lake Tahoe,  CA at this time. Details for each of the five key indicators follows.




 Demand :

  • At current performance rates, there will be approximately 360 homes sold in South Lake Tahoe, CA this year.
  • Compared to 2006, this is a decline in demand of 78 home sales (18%).

 Supply :

  • Current inventory is slightly higher than this approximate date in 2006.
  • At current market performance rates, it will take 17 months to sell all of the homes that are on the market now.

 Escrow :

  • There are 22 fewer homes in escrow at present than at this time last year.
  • Current listed prices of homes in escrow suggests a continued, though slight decline in median sold prices, which supports a Median Sold Price of $400,000, as indicated by performance figures for home sales in the last 90 days.

 Prices :

  • Median Sold Price has declined throughout 2007.
  • This figure has ranged from a high of $435,000 to $400,000 within the last 365 days.
  • Median Sold Prices and market performance for the last 90 days, coupled with the Median Listed Price of all homes currently in Escrow suggests that $400,000 is currently the more accurate Median Sold Price.
  • This represents a 15% reduction in the Median Sold Price as compared to 2006.

 Absorption : The South Lake Tahoe, CA real estate market is currently averaging 30 home sales per month.

  • This is a decline of 7 sales per month compared to 2006 (20%)

Here are the details:

Demand:

  • The total number of home sales as of today for 2007 is 293.
  • The total number of home sales in the last 365 days is 404.
  • The total number of home sales in 2006 was 438.
  • The total number of home sales in 2005 was 682.
  • The total number of home sales in 2004 was 843.

Supply (Inventory)

  • The current number of homes available for sale in South Lake Tahoe, CA is 508.
  • The total number of homes available for sale about this date a year ago was 487.

Escrow:

  • The number of homes in escrow at present is 43.
  • The number of homes in escrow at noted at various dates throughout 2007 has ranged from 39 to 54.
  • The number of homes in escrow a year ago about this date was 65.
  • The Median Listed Price for South Lake Lake Tahoe homes currently in Escrow is $418,500.

Prices: (not including The Tahoe Keys)

  • The Median Sold Price for all South Lake Lake Tahoe homes in 2007 as of today is $425,000.
  • The Median Sold Price for all South Lake Lake Tahoe homes in the last 90 days is $400,000.
  • The Median Sold Price for all South Lake Lake Tahoe homes in the last 180 days is $423,000.
  • The Median Sold Price for all South Lake Lake Tahoe homes in the last 365 days is $435,000.
  • The Median Sold Price for a South Lake Lake Tahoe home in 2006 was $475,000.
  • The Median Sold Price for a South Lake Lake Tahoe home in 2005 was $475,000.

Monthly Absorption Rate (average number home sales per month)

  • The South Lake Tahoe real estate market is averaging 30 home sales per month in 2007.
  • For the last 365 days, the South Lake Tahoe real estate market has averaged 33.8 home sales per month.
  • For the last 180 days, the South Lake Tahoe real estate market has averaged 32.8 home sales per month.
  • For the last 90 days, the South Lake Tahoe real estate market has averaged 32.3 home sales per month.
  • The South Lake Tahoe real estate market averaged 37 home sales per month in 2006.
  • The South Lake Tahoe real estate market averaged 57 home sales per month in 2005.
  • The South Lake Tahoe real estate market averaged 68 home sales per month in 2004.


What it all Means:

  • Prices have come down by a median of 15%.
  • Demand is down by 18% to 20%.
  • There are many excellent opportunities to Buy.
1 comment • Gary Bolen (CRS) Lake Tahoe Real Estate Information • October 23 2007 02:05PM

Home Sales Summaries and Market Performance for South Lake Tahoe, CA.

South Lake Tahoe Home Sales Update - Last 365 Days

We’ve just updated your real estate home sales summaries and Market Performance for South Lake Tahoe, CA. Here’s what the latest data indicates at specific time intervals for all home sales in South Lake Tahoe, CA for the last 365 days, the last 6 months, 90 days and 30 days. Please note that each of these updates has a link to statistics charts and breakdowns for each time interval.


Note: Tahoe Keys not included. (Please review Tahoe Keys home sales separately as they are singularly unique as compared to all other South Lake Tahoe, CA neighborhoods.)



 Median Sold Price: All South Lake Tahoe Home Sales in the Last 365 Days:
Median Sold price is $435,000.
It was $449,000 six months ago.
Median Sold price for all of 2006 was $475,000.

 Median Sold Price: All South Lake Tahoe Home Sales in the Last 180 Days:
Median Sold price is $423,000.
It was $415,000 six months ago.

 Median Sold Price: All South Lake Tahoe Home Sales in the Last 90 Days:
Median Sold price is $400,000.
It was $467,000 six months ago.

 Median Sold Price: All South Lake Tahoe Home Sales in the Last 30 Days:
Median Sold price is $416,000.
It was $482,500 six months ago.

 Average Days on Market the Last 365 Days (DOM):
DOM is now 146.
It was 124 six months ago.
DOM for all of 2006 was 125.

 Average Days on Market in the Last 180 Days:
DOM is now 127.
It was 160 six months ago.

 Average Days on Market in the Last 90 Days:
DOM is now 126.
It was 170 six months ago.

 Average Days on Market in the Last 30 Days:
DOM is now 136.
It was 194 six months ago.

 Difference Avg. Original List Price and Median Sold Price - Last 365 Days:
Difference from Original List price to Median Sold price is now $68,643, or 11.8%.
It was $36,532, or 7.1% six months ago.
For all of 2006 it was 5.9%

 Difference Avg. Original List Price and Median Sold Price - Last 180 Days:
Difference from Original List price to Median Sold price is now $52,027, or 9.3%.
It was $54,057, or 10.6% six months ago.

 Difference Avg. Original List Price and Median Sold Price - Last 90 Days:
Difference from Original List price to Median Sold price is now $44,736, or 9.2%.
It was $106,109, or 16.6% six months ago.

 Difference Avg. Original List Price and Median Sold Price - Last 30 Days:
Difference from Original List price to Median Sold price is now $56,741, or 10.9%.
It was $43,937, or 7.8% six months ago

0 comments • Gary Bolen (CRS) Lake Tahoe Real Estate Information • October 23 2007 02:02PM

South Lake Tahoe Real Estate Market Update: Absorption Rates, a prime home sales indicator.

South Lake Tahoe Real Estate Market Update: Absorption Rates

 

 

We’ve just updated the Absorption Rates for our South Lake Tahoe, CA real estate market. Here’s a bullet-point summary of  the current South Lake Tahoe real estate market condition:




 Summary :

  • In the last 365 days, our South Lake Tahoe, CA real estate market has sold an average of 33 homes a month.
  • In 2007, the monthly average of homes sales in South Lake Tahoe, CA is 26 sales per month.
  • Home sales in 2007 presents a decline of 11 sales per month compared to all of 2006.
  • It will take 14.2 months to sell our inventory at the current absorption rates over the last 356 days.
  • It will take 18.5 months to sell our inventory at the current absorption rates for 2007.

 The Bottom Line :

  • It will take a year and a half to sell what’s on the market now in South Lake Tahoe.
  • There are more homes on the market than will sell this year.
  • Almost 50% of our current listings will not sell anytime soon.
  • Motivated Sellers will increasingly represent Excellent Opportunities for Buyers.

 Number Sales  - Decline in Demand is Excellent Opportunity for Buyers

  • There have been 408 homes sold in South Lake Taho

    South Lake Tahoe Real Estate Market Update - Absorption Rates

    e, CA in the last 365 days.
  • There have been only 199 homes sold in the last 6 months.
  • At current 2007 absorption rates of 26 homes sales per month, there will be about 325 homes sold in South Lake Tahoe this year.

 Inventory  - Increase in Supply is Excellent Opportunity for Buyers

  • There are 482 listings currently available for sale.
  • There were 353 listings 9 months ago.
  • Inventory load will produce more choices for Buyers.
  • Inventory load will produce more motivated Sellers... who actually will sell at current market reality, rather than cling to prices that are no longer viable in today’s Buyer driven market.

 The Good News for Sellers :

  • There have been 408 successful Sellers in the last 365 days.
  • Most all have seen significant increases in the value of their property since they have owned it.
  • If they have owned their home for 5 years or more, chances are they have either doubled their investment, or are close to it.
  • Proper pricing at this time will result in a successful sale and a strong profit on your investment, especially if you purchased your home in 2003 or earlier.
  • The difference between a successful Seller is proper pricing in today’s market reality, though that might not be as much as the summer of 2005, for example, a successful sale still comes with a significant profit and return on investment.
  • There is no profit to be had if a Seller remains attached to a price that the market will not accept.

 Annual Results : Total Number Sales

  • There were 438 single family home sales in South Lake Tahoe in 2006.
  • There were 682 single family home sales in South Lake Tahoe in 2005.
  • There were 843 single family home sales in South Lake Tahoe in 2004.
  • There were 601 single family home sales in South Lake Tahoe in 2003.

 Annual Results : Monthly Absorption Rates

  • An average of 26 single family home sales per month in South Lake Tahoe in 2007.
  • An average of 37 single family home sales per month in South Lake Tahoe in 2006.
  • An average of 57 single family home sales per month in South Lake Tahoe in 2005.
  • An average of 68 single family home sales per month in South Lake Tahoe in 2004.
  • An average of 50 single family home sales per month in South Lake Tahoe in 2003.

We offer this information as a public service. It is the most complete and current information on the overall South Lake Tahoe, CA real estate market available.

If you like what you see here and find it helpful, please call or email us for further help with buying or selling a Lake Tahoe home. We’re also always interested in comments and suggestions too. (Use comments box below.)

0 comments • Gary Bolen (CRS) Lake Tahoe Real Estate Information • October 23 2007 01:59PM

South Lake Tahoe 2007 Home Sales Report - Single Family Homes Only.

South Lake Tahoe Real Estate Market Update - All 2007 Home Sales

(LAKE TAHOE REAL ESTATE BLOG) We have just updated all 2007 South Lake Tahoe, CA residential home sales. To date, there have been 276 single family home sales in South Lake Tahoe, CA this year. To get as true indication of market conditions as possible, we also continue to look at and report all single family home sales in South Lake Tahoe,CA for the last 365, 180, 90 and 30 days as well.


The link above will lead you to a spreadsheet, which also has a link that will lead you to charts containing statistical data on all  2007 South Lake Tahoe homes sales. These charts have the following information:

 

  •     * Average Original List Price      
  •     * Median Original List Price      
  •     * Median Reduced, or Current Price
  •     * $ Difference List v. Reduced Price
  •     * % Difference List v. Reduced Price
  •     * Average Days on Market
  •     * Average Price per Sq Ft
  •     * Average Size  

 2007 Sales Summary : (Tahoe Keys not included)
Here’s what this information tells us about current market conditions in South Lake Tahoe, CA:

  •     * The Median Sold Price for all homes sold in 2007 is $420,500 (not including homes in The Tahoe Keys)
  •     * The Average Original List Price of homes sold is $564,821.
  •     * The Average Sold Price is $509,295.
  •     * The difference between Average Original List Price and Median Sold Price is $55,527, or 9.8%.
  •     * Average Days on Market is 144.
  •     * Average Price Sq. Ft. is $331.

 Median Sold Price : Which is the right one?
We look at Median Sold Price at various time intervals. This allows us to better track current market condition, and to identify any emerging changes as quickly as possible.

 Median Sold Price : (not including The Tahoe Keys)

  •     * For 2007(a/o 10/10/07): $420,000.
  •     * For 2007(a/o 9/1/07): $428,000. (Note $8,000 price decline in last 30 days.)
  •     * For 2006: $475,000
  •     * For 2005: $475,000

 What is Median Sold Price anyway?
Median Sold Price represents the price at which an equal number of houses were sold for more and for less. Real estate professionals tend to rely on it rather than the Average Price because the average can sometimes be, and often is, skewed by the sale of a relatively small number of houses at either end of the price scale.

We believe, as do most real estate statisticians, Median Sold Price gives a truer indication of overall market condition. Median Sold Price and Average Sold Price can be quite different for the same sample group. For instance, if one is doing a sold properties report and the homes are very evenly distributed, the Median and Average might be very similar. However, if the homes sold are weighted more to one end or the other of the price spectrum, then the median and average will be quite different.

In South Lake Tahoe, CA, the difference between Median Sold and Average Sold Price is normally apparent. Home sales prices here in 2007 range from $195,000 to $3,750,000.

There have been 29 homes sold above $1,000,000 in 2007, 5 of these were above $2,000,000 and one was above $3,500,000. At the same time, there have been only 25 homes sold under $300,000.

There is a $67,762 difference (10.5%) between Median and Average prices for all homes sold in 2007 This figure includes The Tahoe Keys. (The figure not including the Tahoe Keys is above.)


 The Bottom Line : Good News for Buyers.
The South Lake Tahoe, CA real estate market presents significant Buying opportunities at this time.
Interest rates remain reasonable.

  •     * Prices have come down.
  •     * A Buyer has many homes from which to choose.
  •     * Many Sellers are eager to sell.
  •     * Some Sellers are more reasonable than ever.

We offer this information as a public service. This blog contains the most complete and current information on the South Lake Tahoe, CA and Stateline, NV real estate market available.

If you like what you see here and find it helpful, please call or email us for further help with buying or selling a Lake Tahoe home. We’re also always interested in comments and suggestions too. (Please use comments box below.)

0 comments • Gary Bolen (CRS) Lake Tahoe Real Estate Information • October 23 2007 01:55PM

All Current South Lake Tahoe Homes in Escrow... with Statistics.

South Lake Tahoe Real Estate Market Update: Escrow Report

(LAKE TAHOE REAL ESTATE BLOG) We have just updated our South Lake Tahoe Real Estate Market Escrow Report. You will find the link “All Escrow - South Lake Tahoe, CA”, in the left sidebar of our Lake Tahoe Real Estate Blog. This will lead you to a spreadsheet containing all homes in South Lake Tahoe, CA that are currently in escrow.

 

 



The spreadsheet has two links that will lead you to charts containing statistical data on all the homes in escrow. These charts have the following information:

  • Average Original List Price
  • Median Original List Price
  • Median Reduced, or Current Price
  • $ Difference List v. Reduced Price
  • % Difference List v. Reduced Price
  • Average Days on Market
  • Average Price per Sq Ft
  • Average Size

 scrow Summary :
Here’s what the latest escrow information tells us about current market conditions in South Lake Tahoe, CA:

  • The Median Price for the homes in escrow is $418,000 (not including homes in The Tahoe Keys)
  • Escrow normally takes about 60 days in South Lake Tahoe, CA.
  • The homes in escrow now generally reflect buying activity from late August forward.

South Lake Tahoe Real Estate Market Update: Escrow Report

 Escrow and Inventory :
The chart above tracks the relationship of homes that are listed and homes in escrow since November of 2006.

  • There are 482 available listings in South Lake Tahoe, CA at present.
  • There are 51 homes in escrow.
  • This is 14 fewer homes in escrow than there were on November 1 of 2006.

What it Means : Good News for Buyers.
The South Lake Tahoe, CA real estate market presents significant Buying opportunities at this time.

  • Interest rates remain reasonable.
  • Prices have come down.
  • A Buyer has many homes from which to choose.
  • Many Sellers are eager to sell.
  • Some Sellers are more reasonable than ever.

We offer this information as a public service. This blog contains the most complete and current information on the South Lake Tahoe, CA and Stateline, NV real estate market available.

If you like what you see here and find it helpful, please call or email us for further help with buying or selling a Lake Tahoe home. We’re also always interested in comments and suggestions too. (Use comments box below.)

9 comments • Gary Bolen (CRS) Lake Tahoe Real Estate Information • October 19 2007 07:59PM

Tahoe Keys Townhomes / Condos, CA : Current Real Estate Market Information and Performance

Tahoe Keys Codominiums Updated - South Lake Tahoe Real Estate Market Statistics

(LAKE TAHOE REAL ESTATE BLOG) We’ve just updated Tahoe Keys Townhomes / Condos, a community in our South Lake Tahoe real estate market. Please click the link “Tahoe Keys Townhomes / Condos, CA” found in the left sidebar of our Lake Tahoe Real Estate Blog.  This will lead one to all current Tahoe Keys Townhomes / Condos listings, current escrow and all home sales in 2007. Also included are all Tahoe Keys Townhomes / Condo home sales for 2006, 2005 and 2004.

Also found on each spreadsheet page for Tahoe Keys Townhomes / Condos are statistics charts with the following:

  • -- Median Sold Price.
  • -- Average List Price.
  • -- Original List Price.
  • -- Dollar difference between original list and median sold price.
  • -- Percent difference between original list and median sold price.
  • -- Average Price per Sq Ft.
  • -- Average Days on Market.
  • -- Average Size.

About Tahoe Keys Townhomes / Condos:
(Number townhomes and condominiums: somewhat less than 500) Townhomes and condominiums in the Tahoe Keys have the same neighborhood features as Tahoe Keys single-family homes. Values generally range from the mid $400K’s and above. From time to time, high-end lake front townhomes can be available... with values in the seven figures. Townhomes near the top of the value range may have private or shared boat docks.

We offer this information as a public service. It is the most complete and current information on Tahoe Keys Townhomes / Condos and the South Lake Tahoe real estate market available.

If you like what you see here and find it helpful, please call or email us for further help with buying or selling a Lake Tahoe home. We’re also always interested in comments and suggestions too. (Use the comments box below.)

0 comments • Gary Bolen (CRS) Lake Tahoe Real Estate Information • October 19 2007 07:53PM