Buy For You
November 5, 2010
Often when our team is working with buyers, what starts out as a specific mission, “we want a ski getaway for the weekends”, gets off track. The reason…the clients start factoring in the brothers, sisters, mothers in law, friends, friends of friends. Suddenly the one bedroom “ski getaway” has turned into a three bedroom single family home. Our best advice is BUY FOR YOU! Go back to your initial plan; a place for you to enjoy on long weekends with your spouse, kids, friends, dogs or all of the above. The purpose is to maximize your time at the Lake; skiing, hiking, boating or relaxing. Most of us had to share a bedroom with a sibling or two and are familiar with sleeping on the floor in sleeping bags when we went away for family weekends. Let the kids build a pillow fort in the living room and camp. If you invite your friends for a FREE weekend at your condo, the pull out bed couch is a desirable option versus $100 bucks at the nearest hotel/motel! Smaller can be better and will help you acheive your dream of owning a vacation home and spending quality time together. Weekend Getaway
Time to Get Off the Fence!
October 27, 2010
If you have been on the fence, this recent article (Sept. 12, 2010) from the Wall Street Journal may provide you with the nudge you need!
10 Reasons to Buy a house now-WSJ
Incline Village Real Estate 2010 3rd Quarter
October 8, 2010
Media Contact: Katie Shaffer
Switchback PR + Marketing, Inc. 530-550-2252
katie@switchbackpr.comFor Immediate Release
Area specifics: On the South Shore, total sales volume is up 32 percent and units sold up 28%. In Tahoe City, sales volume is up a whopping 67 percent and units sold up 46%. Incline Village, sales volume is up 28 percent and units sold up 27%. On the East Shore of Tahoe and sales volume is up 9%, units sold down 2%. In Truckee, the sales volume of is up 9% and units sold is up 13%.
A complete breakdown of Chase International’s year-end sales report can be viewed at www.Chasenation.com.
Headquartered in Lake Tahoe, Nevada since 1986, with eight offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Truckee, South Lake Tahoe and Reno) and one in London, England, Chase International and its exclusive affiliations handles a large share of the country’s property. A recognized leader in the world of real estate, Chase International continues to grow having added 65 Realtors® to their ranks in the past twelve months.
With 225 professional Realtors® boasting an array of industry certifications and the highest volume per sales agent in the area, Chase International successfully represents homes at all price
What “Was” in Incline Village ,Nevada real estate in 2009
December 31, 2009
Let’s look at the brass tacks in the Incline Village real estate market in 2009:
89 homes sold in 2009 vs 85 in 2008 (per our mls)There might be secret listings which sold and are not disclosed .
Of those 89::
5 above $4 million vs 2 in 2008
20 $2million-$4m vs 9 in 2008
21 $1m-$2m vs 34 in 2008
14 $999k-$700k vs.27 in 2008
15 $500-$699k vs.9 in 2008
10 under $500k and 0 in 2008
What about condo’s and townhomes?
69 condo’s sold in 2009 vs 64 in 2008
The most significant change in 2009,was 50 condo’s sold for under $500kand 11 condos for under or at $200k.Some severe pricing roll backs and opportunities!
24 townhomes(freestanding condos)vs.49 in 2008,20 below $1m,Some excellent locations and pricing for quality living with out the maintenance.
Make your own conclusions,but there was a definite shift in who spent money in 2009.Loans were tough to get and jumbo’s near impossible.Appraisals,good luck.There is no more of getting the number you need.The comps including bank owned properties and short sale are included in comps.
Short sales were a reality along with bank owned properties at almost all price points.There are some great opportuniies here,even in the luxury segment,check out: www.996wedge.com New construction,fine finishes including 22′ ceilings in the great room,perfectly designed with a picturesque views from every window.
The Seller and bank are ready to move this property,call us for details.
Our forecast for 2010 is that inventory will remain conisistant with 2009,and buyer’s that are tired of waiting for the bottom,will realize that life is short,and if you want the lifestyle,and pristine beauty of Lake Tahoe in your life’s plan,,why wait?
Interest rates are still low, combined with a healthy real estate inventory at all price points.
What are you waiting for? Review year-end Lake Tahoe statistics below.
Tahoe homes break Nevada sales slump
October 11, 2009
Original article By Jason Hidalgo • jhidalgo@rgj.com • October 7, 2009 at RGJ.com
Increased activity at the lower end of the housing market helped Lake Tahoe shrug off a sluggish start to 2009 and post higher sales in single-family homes for the year.
Unit sales for single-family homes in Lake Tahoe were up 12 percent from 2008, fueled by strong interest in homes priced less than $1 million, according to Chase International’s third-quarter review.
A 25 percent increase in unit sales for homes at the lower end of the Tahoe housing market helped offset a 35 percent decline in sales of homes priced at more than $1 million. Activity was especially strong for homes priced between $250,000 to $750,000, with inventory declining at a very fast rate, said Sue Lowe, Chase International corporate broker and vice president.
“The numbers show a healthy amount of confidence in the market,” Lowe said. “The first-time homebuyer tax credit has certainly helped. But we’re also seeing a lot of investors entering the market.”
Lowe cited increased affordability as a key factor for the pickup in activity.
The median price for Lake Tahoe homes at the end of the third quarter was $589,563, 18 percent lower than the same period last
year and 30 percent less than the $842,500 median at the same point in 2007.
Meanwhile, increased sales at the lower end has pushed down median prices to early 2000 levels, Lowe said. The decline has made Tahoe, particularly the South Shore, affordable for many consumers who got priced out of the market in recent years.
Other prospective homebuyers also are attracted by getting more home for their money than a few years ago.
Robin Fall, a Danville, Calif., retiree, plans to move to Incline Village in a couple of weeks with his wife after his offer for a home was recently accepted. Fall, a frequent visitor to the area, said he and his wife have always planned to move to Incline Village because they like the town and the wide range of activities that were available year-round.
“We would have moved here even if prices were still high,” the 54-year-old said. “But we wouldn’t have been able to afford the house that we bought now.”
(…continued at RGJ.com)
Click to Read the rest of this article at RGJ.com
