Lake Tahoe Experts

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Lake Front Properties Updated - Lake Tahoe Nevada

Lake Front Properties - Lake TahoeAll current Lake Front Listings, Escrow and 2007 Sales.

We’ve just updated all current Lake Front properties on the Nevada side of our South Lake Tahoe real estate market. Found under the link “Lakefront Properties” in our left side bar, you will find there are 17 Lake Front properties current listed, from $2.9M to $100M. To date there have been two Lake Front sales in 2007. There are no Lake Front homes in escrow at this time. Also included are all 2006, 2005 and 2004 Lake Front sales.

You will also find pop-up statistics charts for all current listings, escrow, and all sales. These are found under the links in the top middle of each page where it reads “statistics”, and at the top right over each spreadsheet.

The statistics charts include Median Sold Price, Average Sold Price, Average List Price, the difference between List and Sold Price, plus average size, price per square foot and average days on market.

In 2005 there were 11 Lake Front Sales. In 2006, 14. Because there are usually such few sales, and especially now with only 2 recent sales, it may be helpful to look at past sales as well to best understand market forces and value.

In general it takes longer to sell a Lake Front property than others. The two sales so far this year were reduced 15% off their list price. For the 14 sales that occurred in 2006, the reduction off list price was an average of 17.5%, and one Lake Front property that sold last year was reduced more than $6M off it’s list price... and was on the market for more than 5 years.

If you are interested in buying one of our exclusive Lake Front homes, a thorough examination of all relevant information... going back years will best help you understand and become comfortable with the process.

Lake Village Updated - A Buyers Market for Desirable Lake Tahoe Townhomes.

Lake Village Meadow View - Lake Tahoe2 Sales, 1 Escrow, 13 Active Listings so far this Year.

We’ve just updated all current real estate market information for Lake Village, one of four townhome communities on the Stateline, NV side of South Lake Tahoe.

Set amid a hillside forest, Lake Village is a quiet, sedate, well-planned, highly desirable condominium / townhome community. Properties range from affordable townhouses to large, vaulted ceiling, lake-view sunset retreats. Many of the properties in Lake Village are used as vacation homes and can offer significant vacation rental income possibilities. (Number townhomes: about 334).

Please find Lake Village in our left sidebar. You will find each current listing, escrow, all 2007 sales to date, and all Lake Village 2006, 2005 and 2004 sales.

There are pop-up windows containing the latest market statistics above each spreadsheet, one in the top-middle of the page, and one atop the far right corner of each spreadsheet.

The statistics in the pop-up windows are based on only 2 sales so far this year, and only one current escrow. There were also only a few sales in Lake Village in 2006. You may wish to check the stats for 2005 to get a better idea of current Lake Village conditions.

Like most all of our South Lake Tahoe market, and most of the country as well, Lake Village at present has more supply than demand. There are Buyers continually looking however; there is showing activity, and like always in our mountain lake resort, it is always a good time to sell a reasonably priced property.

Hidden Woods Updated.

Lake Tahoe - The Lake in the area below Hidden Woods (LAKE TAHOE REAL ESTATE BLOG) We've just updated Hidden Woods, one of our smallest and most desirable Stateline, NV neighborhoods here in our South Shore Lake Tahoe real estate market.

Known for its exclusive mountain-setting estates, Hidden Woods has lake views and secluded forest view lots. Homes range from upscale opportunities to richly appointed and landscaped lake view estates.

With only about 32 homes, there is normally little market activity in Hidden Woods. There were no sales here in 2006, none so far in 2007. At present there are 4 active listings and no homes in escrow.

Home Inventory Increases in South Lake Tahoe... and More are Coming.

South Lake Tahoe Inventory and EscrowMore listings means more competition, more choices and more opportunities for Buyers.

(LAKE TAHOE REAL ESTATE BLOG) We see it every year here in our South Lake Tahoe real estate market. It’s the perception among area home Sellers that there is a “selling” season. See the post below for further discussion and market facts about this perception.

More often than not, more home sales are produced after labor day each year, and sometimes in March and April. Since most homeowners don’t live here, those that want to sell their home would rather put it on the market after the snow melts. That makes sense, it’s easier! But it’s also to a Buyer’s advantage. And since Buyers drive every real estate market, this is good news!

Stateline, NV Real Estate Inventory and EscrowThe sudden glut in the market that we see at this time every year creates competition, and concomitantly, choice and opportunity for Buyers. This is especially true in our current market, whose condition is characterized by more supply than demand, a marked increase in expired listings, decreases in annual sales volume and a slight, though meaningful decline in median sold prices. This too is good news for Buyers.

The time it takes a home to sell has also increased, 144 days in South Lake Tahoe, CA and 188 days in Stateline, NV.

In the last three weeks there has been an increase of 133 listings on the market in South Lake Tahoe, CA. Inventory now is 576 homes for sale. This is a real estate market that produced 439 sales in 2006, which is performing at basically the same monthly absorption rate as it did last year. That is about 38 home sales per month. At this rate, we have far more homes on the market now than were sold in the last calendar year, 131% more to be exact... and more are coming.

In Stateline, NV, with about five times fewer homes than South Lake Tahoe, though the same market with virtually identical forces and conditions, and only separated by a state line running through the middle of it, there has only been an increase of 22 listings in the past three weeks. There are 158 homes on the market, which is 69 more than the 89 that were sold in 2006. In other words, our inventory in Stateline, NV is 177% more than what was sold last year.

One would assume that proportionate to an increase in inventory would be an increase in escrow. There has been an increase of 8 homes in escrow in the last three weeks in South Lake Tahoe, though this represents an actual percentage decrease compared to every other entry in the chart herein. There is both a decrease in escrow and percent escrow in Stateline, though only by 2 homes and some 2 percent.

What all this really means:
Showing season has started. Selling will come later, and Buyers will have a field day.

Separating Fact from Fiction: The Real Estate “Season” in South Lake Tahoe.

Any time is a great time to Sell or Buy a reasonably priced home.

(LAKE TAHOE REAL ESTATE BLOG) One of the questions we’re most frequently asked is, “when is the best time to list a house?” The same question in different forms that we hear is, “what is the selling season”, and “when are the most buyers around.” Coming from a Seller, the sub-text of this question is when can I get the most for my house, and from a Buyer, it’s when can I buy a house for the least?

The truth is there is no selling or buying season in our South Lake Tahoe real estate market. There is no particular time that one can necessarily get more for a house than another, nor is there a specific time when a Buyer can pay less than another.
South Lake Tahoe Real Estate Sales by Month since 2003
There are economic principles, however that should be considered, and it applies to real  estate property as much as anything else: prices are up when demand is up, and prices are down when supply is up. It’s always better to sell something when there is no competition, and conversely, it’s always better to buy something when there is a lot of competition.

There is a general consensus here in South Lake Tahoe, however, that our market’s selling season is the summer. Compared to any other three seasons, it is true that our market sees significant increases in inventory in the summer. Its this annual increase in supply that leads to a perception amount area Seller’s that this is the best time to sell. The perception, though is based loosely on convenience rather than economic reality. In fact, this perception runs contrary to the economic principle above, and it leads Sellers to put their homes on the market at the very time of their greatest competition. This is good for Buyers, of course, and it is Buyers that drive all real estate markets.

We are one of the nation’s premiere mountain lake resort communities. We have two distinct recreational seasons. Our mountains attract winter sports enthusiasts and the Lake offers every possible summer recreational activity. It’s makes sense that most of our single family residences here at the Lake are second-homes. About 65% of our area owners do not live here, and for the most part they spend less than 3 months in total a year here.

When an out of town owner decides to sell their property, they more often than not find it much more convenient to list their property in the summer, rather than our winter. Though our winter weather is never as cold as one might think (it’s a “dry” cold and far less penetrating than cold coupled with humidity), many area owners believe it’s a lot easier to move in warmer weather when there is no snow... even if that means listing their home when there is more competition.

If the perception that the summer is the best time to sell, it’s logical to assume that the most sales in any given year would occur in July and August.

Lets look at the numbers and see what they reveal:

Most Sales by Month: South Lake Tahoe, CA

2003:
1. September (76)
2. October (68)Stateline, NV Real Estate Sales by Month since 2003
3. November (63)

2004:
1. November (86)
2. August (81)
3. September, October (77)

2005:
1. July (70)
2. August (68)
3. April (66)

2006
:
1. October (51)
2. November (46)
3. July, December (37)


Most Sales by Month: Stateline, NV

2003:
1. September (21)
2. April (16)
3. October (12)

2004:
1. July (24)
2. May (17)
3. September (16)

2005:
1. September. October (13)
2. March, July (12)
3. January, May, June, August, December (10)

2006:
1. July (9)
2. April, June, October (8)
3. November (7)

We're Licensed in Two States - California and Nevada

The Same Market - with a State Line running through it.

Our South Shore Lake Tahoe market has a state line running through it. It's one real estate market with some 40+ neighborhoods.

There are about five times as many homes on the California side of our market. As such, there is always more inventory here. The median sold price for the last calendar year (365 days) is about $450,000. In our current market it takes an average of 144 days to sell a house.

With significantly fewer homes, the Nevada side of our market always has less inventory and fewer choices, especially in the market entry and mid market sectors. The median sold p rice for the last calendar year (365 days) is about $760,000. It takes an average of 188 days to sell a house here.

In terms of total number of homes sold, both markets are off their 2004 highs by about 55%... there is less than a 1% difference between them.  At present the California side of our market has a monthly absorption rate of about 37 homes sold per month in the last calendar year, while the Nevada side of our market is absorbing about 7.5 homes per month.

To effectively serve all of our clients we belive it's necessary to be licensed in both states. Even though that means two MLS's, two Real Estate Boards, two different continuing education requirements, and having to know 5 different real estate contracts, the time spend to adhere to two different states and real estate divisions is well worth our efforts in terms of service and client care.

Many of the agents in our office are also dual licensed, as are most of the top agents in our market area. 

The Jean Chronicles: We’ve heard from Jean again.

This is the third installment of our developing story for Jean, a potential new area homeowner than contacted us through the recommendation of a friend and client about two months ago. She’s still coming for her first visit and preview of homes at the end of this month.

We got an email from Jean a few days thanking us for the flow of new listings that continue to come to her via email though our IDX auto responders. She very much liked one of the recent homes sent to her, which she will of course see... if they it is still on the market when she gets here.

If you’d like to follow this story trail, just click on The Jean Chronicles in the right sidebar of our Lake Tahoe Real Estate Blog. As the story continues, every step in the process will come up for review as you do.

Another good way to keeping up with us is to subscribe in the email box, which will get you auto email updates when anything new comes up on our blog.

(Please comment below about this post, or ask us anything that might be helpful to you. If you like what we’re doing here, please click on the “Vote for Me” icon in the left sidebar and add us to your technorati and del.ici.ous bookmark accounts.)

Glenbrook Updated.

Stateline, NV - Lake Tahoe Neighborhoods - GlenbrookWhere Lake Tahoe History and Every Possible Modern Convenience Meets.

(LAKE TAHOE REAL ESTATE BLOG) We've just updated Glenbrook in Stateline, NV, one of our most desirable neighborhoods on the Nevada side of our South Shore Lake Tahoe market.

With only about 2,500 single family homes, compared to about 13,500 on the California side of our market, Stateline trends and market conditions are normally very much the same as South Lake Tahoe, CA, though home values and  median sold prices are higher. Obviously, there's a lot less from which to choose.

Here's what the Glenbrook homeowners association says about Glenbrook:
Of the 750 acres comprising Glenbrook, approximately 150 have been developed. Nearly 600 acres remain undisturbed, offering homeowners a number of unique recreational opportunities. This quiet gated area includes more than 1/2 mile of private sandy beach, acres of meadowland, members tennis courts, an Association pier, and a membership nine-hole golf course, built in 1926.

Glenbrook, as the oldest settlement on Lake Tahoe, played a significant part of Nevada's statehood as the main supplier of timber to the Comstock and Virginia City. The two-story New England style homes honor the architectural heritage of Glenbrook's pioneer settlers.

All Current Market Performance Data:

Rent a vacation home in Glenbrook: 

 

The History of Glenbrook

Sources:  Glenbrook Homeowners Association website: 
http://www.glenbrookhoa.org/.
Historic images from: http://www.glenbrookrentalprogram.com/

From 1860-1899, courtesy of Alice and Al Paulsen.
1860.  Capt. Augustus W. Pray and associates settled in Glenbrook in the spring of that year.  The name was derived from a stream that ran through the meadow.  They built a log cabin, harvested the wild hay, and planted grain and vegetables.  They were known to have harvested 60 bushels of wheat and 4 tons of hay per acre, profuse that a horse drawn reaper was brought over the sierra from San Francisco to harvest it.

1861.  By the following summer the bayshore was known as Walton's Landing and considered the eastern shore over-water terminus for the toll pack train leading from Georgetown, Ca. to McKinney's on Tahoe.   From there the schooner Iron Duke or the sloop Edith Batty transported travelers across Tahoe to Walton's.  That summer the first sawmill, known as Pray's mill, was built.  The summer of 1861 also brought Samuel Clemens (Mark Twain) to Tahoe.   With two companions he staked out a timber claim in the vicinity of Glenbrook.   But, hard work became of secondary importance as they spent cloudless days fishing and lazily boating on the lake.  Clemens later described the lake in "Roughing It" as the "fairest picture the whole earth affords".  He pictures his cruises on the crystal clear water as "comparable to floating high aloft in mid-nothingness, so empty and airy did the spaces seem below him."  A forest fire, inadvertently started by Clemens himself, pointed up the necessity for their hasty return to Washoe.

1862.  With the discovery of the Comstock in 1859 lumbering demands skyrocketed.  Pray bought out his partners and acquired 700 acres surrounding Glenbrook.  The summer of that year Shakespeare rock was named by the wife of Rev. J.A. Benton from Mass..  While sketching she noted the lichen formation on the face of the rock which she felt resembled Shakespeare.

1863.  This year the settlements first hotel, The Glenbrook House, was built, one-half mile up the canyon by G.H.F. Goff and George Morrill.  The Kings Canyon or Lake Bigler (as it was then named) toll road was also finished that year.   For the next decade the Glenbrook House would be considered the finest and most luxurious on the lake.  Discriminating guests paid $21.00 per week, which included three meals per day.
The steam powered sawmill, the "Moniter", was completed in the fall, and the second hotel, the Lake Shore House, was built by Capt. Pray, several hundred feet back from the water at the foot of the meadow.  This would eventually become the south wing of the Glenbrook Inn with the Jellerson Hotel becoming the north wing, and the former over water store making up the center section.

1864.  The excursion steamer "Governor Blaisdel" was built by Capt. Pray.

1871.  This year the lake level was six foot lower than that recorded in 1859 and a great rivalry existed between Glenbrook and Tahoe City which was having problems due to the lower lake level.  It is said that a Tahoe City father overheard his small daughter saying sadly in her prayers, "goodbye, God, I'm going to Glenbrook".  The populace of Glenbrook argued that the child had obviously said "good!  By God I'm going to Glenbrook".

1872.  D.L. Bliss arrived in Tahoe that summer and formed a partnership with Henry Yerington and Darius Mills and incorporated the Carson Tahoe Lumber and Fluming Co. with Bliss as president and general manager.  He proceeded  to buy 7000 acres of timberland and the Summit or Elliott Brothers mill.

1873.  In the spring of that year Bliss purchased five and one-half acres of lakeshore and meadow land from Capt. Pray, including his mill.  He also purchased the Summit Fluming company's V-flume and rebuilt and lengthened it.   He then bought Michael Spooner's Lower mill plus his New mill and the old Knox sawmill east of Spooner Station.  Then they built another steam powered mill 300 yards south of the former Moniter or Davis mill, calling it Lake Mill Number One.   They were now ready to proceed on Tahoe's most ambitious lumbering venture.

1875.  That year many things happened.  A railroad extending from Glenbrook bay to Spooner summit was inaugurated on July 4th.  It comprised of eight and three-quarter miles of track costing $30,000 per mile to construct and would average $3000 per month in operation and maintenance costs during its 23 years of service.  It rose 910 feet above the lake and as it zigzagged up the mountain sections.  Switchbacks were constructed so that it went forward on a spur section, a switch was thrown behind the train and then it backed up the next section onto another spur and a switch was thrown in front, and it proceeded forward up the next section.  Forty-five logging cars were purchased for it, along with two locomotives.  Each engine could pull 70 tons of lumber or  cord wood at a maximum speed of ten miles per hour on the upgrade.  The rolling stock was shipped overland to Carson City and loaded on double teamed logging wagons and hauled to Glenbrook.  There were eventually four engines in all.
Lake Mill Number Two was built and the other mills were closed, with the exception of Summit mill.  In a short space of three years the booming little metropolis had become Nevada's leading lumber town with an anticipated seasons production exceeding 21,700,000 board feet.
That year General William Tecumseh Sherman and President Ulysses S. Grant visited the settlement, on separate occasions.  At that time the legendary Hank Monk was handling the reins on stage runs into and out of Glenbrook.

1876.  In August of that year the 80 foot iron-hulled Meteor was placed in service.  A steam tug designed to be the fastest of its type in the country.

1879.  President Hayes visited Glenbrook.

1881.  By this year Glenbrook had two small hotels, a store, a genteel saloon, a railroad, machine shops, several sawmills, a livery stable, and an Express and Post Office.  Glenbrook also had one of the first telephone line on the west coast.  A private wire was installed in the Bliss home.

1882.  The Jellerson Hotel was built a few hundred yards south of the present golf course.

1887.  The Number Two sawmill burned to it's foundation.   Then mill Number One was run 20 hours a day.

1890.  The Jellersons constructed the Dirego Hotel near the Jellerson Hotel.  The record snowfall of 1889-90 produced snow 15 feet deep on the ground with drifts 35-40 feet high.

Townspeople had to dig themselves out of second story windows or tunnel through the frozen white blanket.
The summer of 1891 found horse racing popular along the shoreline.

The Duane Bliss two and one-half story mansion contained the only real bathroom in the settlement and fantastic excuses were  thought up by tourists to get a look at the modern wonder.

By the mid 1890's the tempo of business was slowing down along with the gold and silver in the Comstock

By 1895 47000 acres of timber had been cut.  Barely 950 acres of usable pine stands remained.  During 28 years of logging activity, it is estimated that the Carson and Tahoe Lumber and Fluming Co. took from the Tahoe basin more than 750,000,000 board feet of lumber and 500,000 cords of wood.  Truly, in the words of Dan DeQuille, "the Comstock lode was the tomb of the forests of Tahoe".

In 1895 the Bliss family formed the Lake Tahoe Railway and Transportation Co. and prepared to move it's scope of operations across the lake to the California side.   During the next three years they purchased the steamers Meteor and Emerald #2.   In 1896 they also built the Queen of the lake, the 169 foot Tahoe Steamer.
By the 1900s Glenbrook had settled down and become the Glenbrook Inn and Ranch and its lumbering days faded in colorful memories.

From 1900-1980, courtesy of Chapman Wentworth.
At the turn of the century, Glenbrook was an environmental nightmare. The giant sawmills that had greedily ripped through 750 million board feet of lumber stood silent. Rust pitted once burnished saws. Machinery, boilers and tools had been stripped to equip new mills which sprang up at Truckee and Hobart Mills to supply booming California.

Crews that ran the mills and railroad up until 1898 had torn up the 83/mile Tahoe Railroad from Glenbrook to Spooner's Summit. Locomotives, ears, track, switches and buildings, had been floated across to Tahoe City. D.L. Bliss, Glenbrook pioneer, with the help oaf his sons had formed the Lake Tahoe Railway and Transportation Company. Its first big job was to complete a narrow gauge railroad link between Tahoe City. and the Central Pacific's transcontinental railway at Truckee.

The new company, emerging from the ashes of once-thriving Glenbrook spear-headed construction of Tahoe Tavern, which opened in 1901. Bliss knew that travelers would soon be flocking to Lake Tahoe.
In a few swift moves, The Lake Tahoe Railway and Transportation Company seized control of Lake Tahoe’s passenger, mail and freight traffic, commanding a fleet of four fat, steel hulled steamers. Led by the famed “Tahoe”, 169 foot Queen of the lake, built in 1896s, the fleet included the Meteor, the Nevada and the Emerald.
Duane L. Bliss, when he first glimpsed Glenbrook, was entranced by its beauty. He saw the enormous profit to be taken from logging, but he knew too, from the excitement Glenbrook aroused in people, that one day visitors would be inexorably drawn by its beauty.

With the Lake Tahoe Railway and Transportation Company well under way under the watchful eyes of son Charles T. (Bud) Bliss, the elder Bliss turned his attention to Glenbrook.  The Glenbrook Improvement Company was formed.  D.L. Bliss laid out the concept of a lake-facing resort. The same as he had done with the Tahoe Tavern.
The once thriving economy of Glenbrook had vanished when the mills closed and the work force left. All that remained was a mountain meadow ranch. The surrounding forest was a stripped expanse of stumps.

Bliss went to work, clearing out all the old buildings that blighted the landscape. All vestiges of the railroad were removed, the sawmill equipment sold off and buildings dismantled.


In 1905, the Glenbrook Inn was assembled, facing the lake at the end of the long steamer pier.
J.M. Short's over the water store was slid from its original location on a platform north of the pier to become the center part of the Glenbrook Inn complex. The Lakeshore House, built in 1863, stood at the south flank of the inn. The Jellerson House, moved from its original site near the present golf course, formed the north wing.
While Bliss was busy building the Inn, he turned the job of building up the Glenbrook Ranch over to C.C. Henningsen, a native of Denmark.

Glenbrook's meadow was thick with fertile soil. All the old industrial buildings, vacant homes and dormitories from the logging era were removed. Only what was needed for the Inn complex was saved. The huge hay barn and ranch operation buildings were pressed into service and Glenbrook began supplying Tahoe City and other lake communities with dairy products.

Every day, the lake steamers would pick up the big round 10-gallon cans of milk, returning the empties for the next day. The Glenbrook Inn opened officially in 1906. Henningsen planted the row of poplars which now tower in front of the Inn. Things were bright in Glenbrook that year, as guests from San Francisco discovered Glenbrook. But sadness came in 1907 as the elder Bliss' health failed, bringing his death, Dec. 23.The spark had been struck and Glenbrook began to grow in popularity. The ranch was flourishing under Henningsen's management.

In 1916 Henningsen's daughter, Charlotte, met Fay Shannon, who was working for C.T. (Bud) Bliss at the Tahoe Tavern. Shannon had started in the hotel business at the age of 12, as a bellhop. He had worked his way up into management with great force and persistence.He married Charlotte and in 1917 came to Glenbrook to manage the Inn. Henningsen continued to manage the ranch activities until he died in 1925. Then Fay Shannon took over both Inn and ranch. In 1927 the Glenbrook Improvement Company was dropped and the Glenbrook Company was formed with Shannon as manager. Shannon ran a taut ship, recalls his elder son Carl Shannon, 59, an auditor for the State of Nevada, who now lives at 815 West Robinson, Carson City. His brother, Bob, 55, also lives in Carson City, works for Sierra Pacific. "I've heard dad described as a martinet," Carl said. "He was a strict disciplinarian all right, but he was the kind of man who would always listen to you. If you had a problem, the door was always open. He came up with the answers." Carl said.

Glenbrook flourished as a family resort. There were 28 cottages in addition to the dining hall, with accommodations for about 90 people. There were 120 employees, offering a level of service that set the standards for the rest of the lake.

"People had to make their reservations for the following year while they were still at Glenbrook," said Carl.
"Many, wanting to make sure they could always come back to Glenbrook, pleaded with Will M. Bliss, who represented the family interests, to sell them some land so they could build their own homes," Carl said.
Gradually pieces of land were sold and some 40 private homeowners admitted during that era, make up the Glenbrook Property Owners Association today.

The Shannons had an idyllic upbringing at Glenbrook. They still call it home. Their grandmother, Emma Jennisen, wife of C.C.Henningsen, taught school at Glenbrook from 1885 to 1890. They now own the two acres, across the road from the cemetery, where the old school once stood.

Carl and Bob recall happy days as course caddies, along with Paul, Robert, and Peter (Mickey) Laxalt, now U S Senator, author and prominent attorney, respectively. Other caddies they recall were Bob Carville, son then Nevada governor; Edwin Dodson now math professor at UNR and Robert Davenport, now Nevada Supreme Court clerk.

Bob and Carl did everything father told them to, or quickly felt his wrath. There were seven slot machines on the premises, but employees were under orders not to touch them. The Glenbrook Bar, then called the Room," and now Glenbrook Realty's office, was out of bounds. Any employee caught drinking was fired.

Families came to Glenbrook year after year from San Francisco. Carl. remembers names like Haas, of Levi Strauss; Ghirardelli, the chocolate magnates; Crowe, Firestone Tire & Rubber and others, like Simpson, Schilling, Greenwood, Brooks, Bryan and Sullivan whose families are represented at Glenbrook today.
Fay Shannon died in 1946. He had been ill for a few years and Will M. Bliss had been gradually assuming responsibility. Shannon officially resigned shortly before death overtook him.

Bliss sold Charlotte Shannon the two acres of land where the Glenbrook schoolhouse once stood. He gave her the old family cabin, which she moved onto the property in 1947.

Fay Shannon built the home that now stands in Carson City in 1936. The family lived in Carson City during winter where the boys attended school After Fay Shannon's death, the family moved to Carson City permanently Will M. Bliss managed the Glenbrook Inn & Ranch until his death in 1960.

Will Bliss loved the Western tradition and sparked the famed Glenbrook rodeos that drew crowds from miles around. The rodeos were continued by W.W. (Bill) Bliss, who man Glenbrook until the fall of 1975. The resort was then closed. That year Bliss signed an agreement with R.T. Nahas, Castro Valley. President of the Urban Land Institute. for the sale and preservation of Glenbrook.

Time had ruined the Tahoe summer resort industry. Year round modern hotels and gaming had caught the fancy of the U.S. Public. Summer incomes alone could no longer keep a mountain resort alive. Bliss agreed to let Nahas’ firm, Glenbrook Properties, turn Glenbrook into a low density, single family residential community
With that agreement, Nahas agreed to maintain the historic appearance and quiet meadow and forest tranquility of Glenbrook. 

"I believe Glenbrook's future is secure. At least for the present," said Bill Bliss.

Cave Rock Updated.

Lake Tahoe Real Estate - Cave Rock(LAKE TAHOE REAL ESTATE BLOG) We've just updated Cave Rock in Stateline, NV, one of our most desirable lake view neighborhoods on the Nevada side of our South Shore Lake Tahoe market.

With only about 2,500 single family homes, compared to about 13,500 on the California side of our market, Stateline trends and market conditions are normally very much the same as South Lake Tahoe, CA, though home values and  median sold prices are higher. Obviously, there's a lot less from which to choose.

Located on hillsides overlooking the lake, Cave Rock and sister neighborhood Lakeridge offer breathtaking lake sunsets and snow capped mountain views. There are also numerous homes backing to the forest. Homes range from dated fixer-uppers, through mid-market opportunities to some of the most stunning view properties on the Lake.

Prices range from market entry homes on Lyons and Molly Beddel Way to masterpieces in the multiple millions.
The total number of homes in Cave Rock is about 200 or so.

 Median Sold Prices are:

2007 to date: $1,662,500

2006: $1,509,375

2005: $1,375,000

2004: $1,166,000

South Lake Tahoe Sales Updated. More Good News for Buyers!

Lake Tahoe BeachA slight decline in demand, a slight decline in price creates further excellent Buying opportunities.

(LAKE TAHOE REAL ESTATE BLOG) For the second time this month, we’ve updated all South Lake Tahoe, CA sales information, with charts and statistics indicating real estate market forces and conditions for the last 365 days, the last 180 days, the last 90 days and the last 30 days.

What it all means is we're still Lake Tahoe, stunning past description, with a lifestyle ruled by tranquil beauty, and it's easier for Home Buyers to find great opportunity than in a very long time. Lets see what the numbers tell us below.  (See complete maket sales update)

Summary: Median Sold Price (see actual data below)
For the last 365 days of market sales activity, Median Sold Price has remained stable. In the last 90 days, we have seen evidence of an additional value decrease of about $25,000. This decrease is supported by sales in the last 30 days, but both the 90-day and the 30-day results are included in the 180-day results, which is essentially identical to the annual (365 days) totals.

While the last 90 days represents only 78 sales, and therefore does not present enough data to necessarily establish a new trend, the decrease we are noticing here could very well suggest that our real estate market, while essentially stable since the last quarter of 2006, is seeing additional, though slight, price reductions. If these same 90-day results were to continue for another quarter, which would produce a sufficient amount of data to establish a trend, it would indicate that an additional $25,000 has come off our median sold price in South Lake Tahoe, CA. Coupled with the $25,000 decline we saw earlier this year, this would establish that our current market is off $50,000 from the identical median sold prices of 2006 and 2005, which was $475,000.

In other words, if the current 90-day performance continues for another 90 days, the median sold price in South Lake Tahoe, CA would be $425,000.

Summary: Total Number Homes Sold (see actual data below)
There has been a decrease of 33 homes sold in the South Lake Tahoe, CA sales results covering the last 365 days. Looking at market performance for total number of sales within the last 180 days, we have see a decrease of 63 homes sold compared to what we saw in March. Both the 90-day results and the 30-day results also indicate less demand than our March totals.

What this Means to Buyers:
There is evidence suggesting both stability and that our South Lake Tahoe, CA real estate market is seeing further price reductions in the last 90 days. Though slight, the 90-day performance is not sufficient to decrease either the 180-day or 365-day market indicators, which have remained virtually identical since the last quarter of 2006.

Coupled with our 90-day performance, there is a slight decrease in demand. With more inventory hitting the market daily, all indicators suggest a continuing Buyer’s market, with excellent opportunities in terms of choice and price negotiation.

The Data:
Lets compare what we post today to what we’ve posted on this blog before:

Median Sold Price: All South Lake Tahoe, CA Sales - Last 365 Days
May 25, 2007 $449,900
May 5, 2007 $449,900
April 17, 2007 $453,000
March 11, 2007 $449,000

Median Sold Price: All South Lake Tahoe, CA Sales - Last 180 Days
May 25, 2007 $451,500
May 5, 2007 $450,000
April 17, 2007 $465,150
March 11, 2007 $415,000

Median Sold Price: All South Lake Tahoe, CA Sales - Last 90 Days
May 25, 2007 $425,000
May 5, 2007 $449,950
April 17, 2007 $482,500
March 11, 2007 $467,000

Median Sold Price: All South Lake Tahoe, CA Sales - Last 30 Days
May 25, 2007 $420,000
May 5, 2007 $382,000
April 17, 2007 $420,000
March 11, 2007 $482,500

Number Homes Sold: All South Lake Tahoe - Last 365 Days
May 25, 2007 420
May 5, 2007 413
April 17, 2007 434
March 11, 2007 443

Number Homes Sold: All South Lake Tahoe - Last 180 Days
May 25, 2007 167
May 5, 2007 187
April 17, 2007 201
March 11, 2007 230

Number Homes Sold: All South Lake Tahoe - Last 90 Days
May 25, 2007 78
May 5, 2007 82
April 17, 2007 78
March 11, 2007 93

Number Homes Sold: All South Lake Tahoe - Last 30 Days
May 25, 2007 23
May 5, 2007 30
April 17, 2007 19
March 11, 2007 30