Weekly South Lake Tahoe Home Sale Report for 6/16/16

June 18, 2016

As of July 29th, 2009, I began adding Condos to the market statistics. What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes and Condos. The reason that I use this segment of the market is that it has the most influence on the general market value trend.

The home sales this year in South Lake Tahoe has been outpacing last year except for this past week! There were 21 completed sales this past week for a year-to-date total of 317 sales. This now puts the market 28.3% ahead of last year in total home sales. The lowest sale was a condo on Bonanza Ave for $120,000. The bulk of the sales did occur below $500,000. The top three sales were on Cornelian Dr for $643,000, Aloha Rd for $795,000 and Keller Rd for $940,000. The higher number of lower sales had decreased the 6 month average sales price by .2% to $478,188. The average days on market are 137 days.

The number of South Lake Tahoe homes for sale had increased by 6 and it is still below last year by 31.5%. This past week the buying activity did take a sharp decrease to show that the pending sales were down by 14 which is about even with last year. With new listings coming on the market at higher prices, may have given buyers a little pause. There are now 2 bank owned foreclosures and no short sales currently on the market!

To find a local South Lake Tahoe real estate agent, contact Jim Wire at 530-314-9008 or email to jim@hotwiretotahoe.com. To find South Lake Tahoe homes for sale, go to HotWireToTahoe.com. I have over 14 years of experience and I’ve been a Lake Tahoe resident for over 32 years. As a top real estate agent and long time local, you will benefit from my knowledge and experience of the area. I’m licensed in both California and Nevada.

 

Listings per Status

Area Market Survey
Summary

Listings as of 06/16/16 at 3:06pm
Active
Listing Price Range Quantity Average DOM
$100,000 thru $119,999 1 586
$120,000 thru $139,999 4 147
$140,000 thru $159,999 1 391
$160,000 thru $179,999 3 222
$180,000 thru $199,999 5 64
$200,000 thru $249,999 3 48
$250,000 thru $299,999 14 76
$300,000 thru $349,999 23 84
$350,000 thru $399,999 21 96
$400,000 thru $449,999 20 70
$450,000 thru $499,999 23 70
$500,000 thru $549,999 10 29
$550,000 thru $599,999 9 61
$600,000 thru $649,999 8 48
$650,000 thru $699,999 12 80
$700,000 thru $749,999 7 87
$750,000 thru $799,999 14 120
$800,000 thru $849,999 8 62
$850,000 thru $899,999 8 152
$900,000 thru $949,999 1 29
$950,000 thru $999,999 6 259
$1,000,000 thru $1,249,999 15 195
$1,250,000 thru $1,499,999 9 133
$1,500,000 thru $1,749,999 7 187
$1,750,000 thru $1,999,999 5 41
$2,000,000 thru $2,249,999 3 16
$2,250,000 thru $2,499,999 1 21
$2,500,000 thru $2,749,999 1 353
$2,750,000 thru $2,999,999 3 283
$3,750,000 thru $3,999,999 1 90
246 104
Summary Price Information
Minimum $113,000 Maximum $3,850,000
Average $720,026 Median $528,500
Pending
Listing Price Range Quantity Average DOM
$90,000 thru $99,999 1 77
$100,000 thru $119,999 1 41
$120,000 thru $139,999 2 69
$140,000 thru $159,999 1 38
$160,000 thru $179,999 2 127
$200,000 thru $249,999 3 60
$250,000 thru $299,999 12 45
$300,000 thru $349,999 15 155
$350,000 thru $399,999 18 53
$400,000 thru $449,999 10 107
$450,000 thru $499,999 11 85
$500,000 thru $549,999 6 57
$550,000 thru $599,999 10 83
$600,000 thru $649,999 3 183
$650,000 thru $699,999 2 67
$700,000 thru $749,999 2 85
$750,000 thru $799,999 3 81
$950,000 thru $999,999 1 82
$1,250,000 thru $1,499,999 1 298
$1,750,000 thru $1,999,999 1 210
105 90
Summary Price Information
Minimum $99,900 Maximum $1,995,000
Average $445,858 Median $389,900
Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2016 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey
Summary

Listings as of 06/16/16 at 3:06pm
Sold
Selling Price Range Quantity Average DOM
$100,000 thru $119,999 3 129
$120,000 thru $139,999 4 209
$140,000 thru $159,999 3 141
$160,000 thru $179,999 6 129
$180,000 thru $199,999 5 89
$200,000 thru $249,999 18 137
$250,000 thru $299,999 30 111
$300,000 thru $349,999 56 134
$350,000 thru $399,999 49 100
$400,000 thru $449,999 33 137
$450,000 thru $499,999 18 149
$500,000 thru $549,999 28 130
$550,000 thru $599,999 18 132
$600,000 thru $649,999 16 139
$650,000 thru $699,999 16 155
$700,000 thru $749,999 8 224
$750,000 thru $799,999 7 174
$800,000 thru $849,999 5 172
$850,000 thru $899,999 3 70
$900,000 thru $949,999 4 236
$1,000,000 thru $1,249,999 6 186
$1,500,000 thru $1,749,999 3 276
$8,000,000 thru $8,999,999 1 591
340 137
Summary Price Information
Minimum $104,000 Maximum $8,500,000
Average $478,188 Median $395,000
Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2016 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Lake Tahoe Weekly Home Sale Report for the Nevada East Shore 6/10/16

June 11, 2016

The data provided in my weekly home sale reports are extracted  from the Northern Nevada Regional Multiple Listing Service .  The data represents Single Family Homes and Condos for the East Shore of Lake Tahoe, Nevada. The purpose of the weekly market reports is to give either the buyer or the seller an ideal of the market trend. As a result you will be able to make better informed decisions! I hope you find it helpful!

The Lake Tahoe home sales on the Nevada east shore is strong and healthy! There were 10 completed sales for a year-to-date total of 74 sales. Home sales are now 17.5% above last year. The lowest sale was a town home on Quaking Aspen for $275,000. The top three sales were on Pine Dr for $1,300,000, China Garden for $2,750,000 and a lakefront on Lincoln Highway for $5,600,000. This had significantly increased the 6 month average sales price by 11.1% to $788,620. The average days on market are 210 days.

The number of Lake Tahoe homes for sale have increased this past week by 8 for a total of 155. The sharp increase is still down from last year by 2.5%. The pending sales are down by 6 for a total of 41 sales. This is still outpacing last year by 57.7%. Sellers in all of the price brackets are now benefiting from a much more active market this year! There are currently 2 short sales and no bank owned foreclosures on the market.

To find a local Lake Tahoe real estate agent, contact Jim Wire at 530-314-9008 or email to jim@hotwiretotahoe.com. To find South Lake Tahoe homes for sale, go to HotWireToTahoe.com. I have over 14 years of experience and I’ve been a Lake Tahoe resident for over 32 years. As a top real estate agent and long time local, you will benefit from my knowledge and experience of the area. I’m licensed in both California and Nevada.

South Lake Tahoe Weekly Home Sale Report for 6/9/16

June 10, 2016

As of July 29th, 2009, I began adding Condos to the market statistics. What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes and Condos. The reason that I use this segment of the market is that it has the most influence on the general market value trend.

The South Lake Tahoe home sales are still on a hot streak! There were 11 completed sales this past week for a year-to-date total of 296 sales. This is up 29.3% from last year! The lowest sale was a condo on Wildwood Ave for $179,000. Half of the sales were below $440,000. The top three sales were on Plumas Cr for $535,000,  Sutter Tr for $694,000 and Marconi Way for $899,000. This had slightly decreased the 6 month average sales price by .2% to $479,180. The average days on market are 138 days.

The number of South Lake Tahoe homes for sale had only rose by 1 this past week. The supply of homes are now 29.4% below the level from last year. There was a surge of sales this past week as it had increased by 13. All of this is translating into higher home prices for sellers!

To find a local South Lake Tahoe real estate agent, contact Jim Wire at 530-314-9008 or email to jim@hotwiretotahoe.com. To find South Lake Tahoe homes for sale, go to HotWireToTahoe.com. I have over 14 years of experience and I’ve been a Lake Tahoe resident for over 32 years. As a top real estate agent and long time local, you will benefit from my knowledge and experience of the area. I’m licensed in both California and Nevada.

Listings per Status

Area Market Survey
Summary

Listings as of 06/09/16 at 4:17pm
Active
Listing Price Range Quantity Average DOM
$100,000 thru $119,999 1 579
$120,000 thru $139,999 3 85
$140,000 thru $159,999 2 345
$160,000 thru $179,999 4 165
$180,000 thru $199,999 3 87
$200,000 thru $249,999 4 38
$250,000 thru $299,999 15 65
$300,000 thru $349,999 22 79
$350,000 thru $399,999 23 92
$400,000 thru $449,999 19 63
$450,000 thru $499,999 21 68
$500,000 thru $549,999 11 26
$550,000 thru $599,999 8 74
$600,000 thru $649,999 8 51
$650,000 thru $699,999 11 80
$700,000 thru $749,999 5 109
$750,000 thru $799,999 16 106
$800,000 thru $849,999 6 44
$850,000 thru $899,999 9 148
$900,000 thru $949,999 1 22
$950,000 thru $999,999 6 252
$1,000,000 thru $1,249,999 17 197
$1,250,000 thru $1,499,999 7 164
$1,500,000 thru $1,749,999 5 255
$1,750,000 thru $1,999,999 5 34
$2,000,000 thru $2,249,999 2 16
$2,250,000 thru $2,499,999 1 14
$2,500,000 thru $2,749,999 1 346
$2,750,000 thru $2,999,999 3 276
$3,750,000 thru $3,999,999 1 83
240 104
Summary Price Information
Minimum $113,000 Maximum $3,850,000
Average $704,976 Median $522,000
Pending
Listing Price Range Quantity Average DOM
$90,000 thru $99,999 1 70
$100,000 thru $119,999 1 34
$120,000 thru $139,999 3 148
$140,000 thru $159,999 2 48
$160,000 thru $179,999 1 227
$200,000 thru $249,999 3 53
$250,000 thru $299,999 10 44
$300,000 thru $349,999 16 151
$350,000 thru $399,999 23 54
$400,000 thru $449,999 14 94
$450,000 thru $499,999 11 78
$500,000 thru $549,999 8 50
$550,000 thru $599,999 10 71
$600,000 thru $649,999 2 222
$650,000 thru $699,999 4 131
$700,000 thru $749,999 2 78
$750,000 thru $799,999 3 74
$800,000 thru $849,999 1 57
$950,000 thru $999,999 1 75
$1,000,000 thru $1,249,999 1 222
$1,250,000 thru $1,499,999 1 291
$1,750,000 thru $1,999,999 1 203
119 89
Summary Price Information
Minimum $99,900 Maximum $1,995,000
Average $453,690 Median $399,000
Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2016 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey
Summary

Listings as of 06/09/16 at 4:17pm
Sold
Selling Price Range Quantity Average DOM
$100,000 thru $119,999 3 129
$120,000 thru $139,999 3 170
$140,000 thru $159,999 2 176
$160,000 thru $179,999 6 129
$180,000 thru $199,999 5 89
$200,000 thru $249,999 18 137
$250,000 thru $299,999 32 109
$300,000 thru $349,999 54 137
$350,000 thru $399,999 46 101
$400,000 thru $449,999 32 139
$450,000 thru $499,999 17 152
$500,000 thru $549,999 29 141
$550,000 thru $599,999 17 137
$600,000 thru $649,999 15 130
$650,000 thru $699,999 16 155
$700,000 thru $749,999 8 224
$750,000 thru $799,999 6 193
$800,000 thru $849,999 5 172
$850,000 thru $899,999 4 74
$900,000 thru $949,999 3 241
$1,000,000 thru $1,249,999 6 186
$1,500,000 thru $1,749,999 3 276
$8,000,000 thru $8,999,999 1 591
331 138
Summary Price Information
Minimum $104,000 Maximum $8,500,000
Average $479,180 Median $395,000
Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2016 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Top 10 Contractors in South Lake Tahoe

June 5, 2016

Home repair or a remodel is something that is best handled by a professional. Finding a contractor isn’t always easy. During the warm months of the year or building season, it’s near impossible. Almost everybody has had a bad experience trying to find a contractor that will even show up for the job. When a contractor can’t be found then a handyman is the last resort. It’s always better to put your project on hold for the right contractor.

When hiring a contractor, you always want to check references, insurance and bonds. You never want to take on the liability of injury or damage. You should also become aware of the law in regards to payment. In most cases contractors are not allowed to collect payment for more than 10% of the job in advance. This is usually enough to cover materials. The law allows for partial payments as the job is completed but never pay it all in advance. I’ve seen too many cases where the contractor will ask for all cash in advance to give you a discount and never complete the job.

So how do you find a good contractor? Online has become popular with and there are several websites to reference. Probably the best reference is word of mouth. It’s always good to use a contractor that has done a good job for someone you know. Chances are better that you will have a good experience.

However, if your friends or neighbors can’t help you then I will offer you my recommendations. As a real estate agent in South Lake Tahoe, I’m always seeking contractors for my clients. I’m often confronted with challenges to get home repairs done quickly for sale. As a result, I have developed a network of contractors that will respond quickly and do a great job. Please see a few of my recommendations below. For more recommendations, you may always contact your local South Lake Tahoe real estate agent, Jim Wire, cell 530-314-9008 or email to jim@hotwiretotahoe.com.

General – Jared Clark, cell (530) 545-3249

General – George and Carl Buchholz, cell (530) 307-9677, Carl specializes in tile.

Roofer – Tony Di Jiosia, phone (530) 573-1825

NV General – John Fastaveng, cell (775) 691-8624

General – Cory Hannaford, cell (530) 318-2084, specializes in green products and building

General – Kemper Hendricks, cell 530-318-2094 specializes in rock work

Roofer – Frank Iannetta, (530) 577-6038

Painter – Keith Kaczmar, (530) 542-6211

Painter – Kurt Weik – (530) 577-4700

Drywall – Doug Maselli – cell (775) 450-5041

Electric and Gutters – Winter’s Electric, (530) 541-8880

 

 

Weekly South Lake Tahoe Home Sale Report for 6/1/16

June 4, 2016

As of July 29th, 2009, I began adding Condos to the market statistics. What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes and Condos. The reason that I use this segment of the market is that it has the most influence on the general market value trend.

The story for the South Lake Tahoe home sale market continues to be a hot one! This past week there were 14 completed sales for a year-to-date total of 285 sales. Home sales this year are now exceeding last year by 33%. The lowest sale was on Mohawk St for $167,000. Half of the home sales were either below or above $425,000. The top three sales were on Los Angeles Ave for $550,000, So. Upper Truckee Rd. for $560,000 and Lupine Tr for $649,000. Without the higher end sales the 6 month average sales price had slightly dipped by .1% to $480,221. The average days on market are 142 days.

With home values on the rise, the number of South Lake Tahoe homes for sale are also on the rise! The inventory increased by 13 and rising! The pending sales as decreased by 2 which has slowed to the same level as last year at this time. Despite the slight cooling of home sales the inventory is still 25.5% below last year. There are now 2 bank owned foreclosures and 1 short sale currently on the market.

To find a local South Lake Tahoe real estate agent, contact Jim Wire at 530-314-9008 or email to jim@hotwiretotahoe.com. To find South Lake Tahoe homes for sale, go to HotWireToTahoe.com. I have over 14 years of experience and I’ve been a Lake Tahoe resident for over 32 years. As a top real estate agent and long time local, you will benefit from my knowledge and experience of the area. I’m licensed in both California and Nevada.

 Listings per Status

Area Market Survey
Summary

Listings as of 06/01/16 at 8:02pm
Active
Listing Price Range Quantity Average DOM
$100,000 thru $119,999 2 299
$120,000 thru $139,999 4 70
$140,000 thru $159,999 2 337
$160,000 thru $179,999 5 202
$180,000 thru $199,999 3 79
$200,000 thru $249,999 4 30
$250,000 thru $299,999 13 67
$300,000 thru $349,999 22 98
$350,000 thru $399,999 25 86
$400,000 thru $449,999 15 67
$450,000 thru $499,999 22 70
$500,000 thru $549,999 12 31
$550,000 thru $599,999 10 80
$600,000 thru $649,999 8 43
$650,000 thru $699,999 8 94
$700,000 thru $749,999 7 95
$750,000 thru $799,999 15 103
$800,000 thru $849,999 5 31
$850,000 thru $899,999 8 168
$900,000 thru $949,999 2 17
$950,000 thru $999,999 6 245
$1,000,000 thru $1,249,999 15 196
$1,250,000 thru $1,499,999 8 183
$1,500,000 thru $1,749,999 5 247
$1,750,000 thru $1,999,999 5 70
$2,000,000 thru $2,249,999 2 8
$2,250,000 thru $2,499,999 1 6
$2,500,000 thru $2,749,999 1 338
$2,750,000 thru $2,999,999 3 268
$3,750,000 thru $3,999,999 1 75
239 106
Summary Price Information
Minimum $113,000 Maximum $3,850,000
Average $697,457 Median $519,000
Pending
Listing Price Range Quantity Average DOM
$90,000 thru $99,999 1 62
$120,000 thru $139,999 2 187
$140,000 thru $159,999 2 40
$160,000 thru $179,999 1 219
$180,000 thru $199,999 1 118
$200,000 thru $249,999 3 45
$250,000 thru $299,999 8 44
$300,000 thru $349,999 13 145
$350,000 thru $399,999 17 57
$400,000 thru $449,999 18 83
$450,000 thru $499,999 10 52
$500,000 thru $549,999 5 40
$550,000 thru $599,999 8 45
$600,000 thru $649,999 2 214
$650,000 thru $699,999 5 123
$700,000 thru $749,999 1 124
$750,000 thru $799,999 3 66
$800,000 thru $849,999 1 49
$850,000 thru $899,999 1 50
$950,000 thru $999,999 1 67
$1,000,000 thru $1,249,999 1 214
$1,250,000 thru $1,499,999 1 283
$1,750,000 thru $1,999,999 1 195
106 85
Summary Price Information
Minimum $99,900 Maximum $1,995,000
Average $467,410 Median $425,000
Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2016 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

Area Market Survey
Summary

Listings as of 06/01/16 at 8:02pm
Sold
Selling Price Range Quantity Average DOM
$100,000 thru $119,999 3 129
$120,000 thru $139,999 3 170
$140,000 thru $159,999 3 118
$160,000 thru $179,999 5 131
$180,000 thru $199,999 6 175
$200,000 thru $249,999 19 142
$250,000 thru $299,999 31 110
$300,000 thru $349,999 55 135
$350,000 thru $399,999 45 102
$400,000 thru $449,999 31 139
$450,000 thru $499,999 16 167
$500,000 thru $549,999 31 144
$550,000 thru $599,999 18 138
$600,000 thru $649,999 15 130
$650,000 thru $699,999 17 147
$700,000 thru $749,999 8 224
$750,000 thru $799,999 6 193
$800,000 thru $849,999 5 172
$850,000 thru $899,999 3 81
$900,000 thru $949,999 3 241
$1,000,000 thru $1,249,999 7 238
$1,500,000 thru $1,749,999 3 276
$8,000,000 thru $8,999,999 1 591
334 142
Summary Price Information
Minimum $104,000 Maximum $8,500,000
Average $480,221 Median $395,000
Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market
Copyright ©2016 Rapattoni Corporation. All rights reserved.
U.S. Patent 6,910,045

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