Home Prices up in South Lake Tahoe
May 1, 2011
Looking at South Lake Tahoe properties through April 2011 compared to the same time last year, statistics show that home prices are rising once again. The number of homes sold is up slightly but the median home and price and price per sq. ft. has increased and that is good news for the sellers that have been up-side down and stuck trying to wait out the market. The down side is the number of foreclosures sold this year, up from 54 in 2010 to 63. What this all means is that the South Lake Tahoe Real Estate market is improving but at a slow pace. Contact Chuck Stanley, (530) 318-8830 or email chuckstanley@sbcglobal.net.
| 1/1/11-4/30/11 | |||||||||||
| Homes Sold | 167 | ||||||||||
| Median Price | $285,000 | ||||||||||
| Average Days on Market | 175 | ||||||||||
| Average Sales Price Per Sq. Ft. | $196.00 | ||||||||||
| 1/1/10-4/30/10 | |||||||||||
| Homes Sold | 162 | ||||||||||
| Median Price | $318,250 | ||||||||||
| Average Days on Market | $170 | ||||||||||
| Average Sales Price Per Sq. Ft. | $214,000 | ||||||||||
Hwy. 50 to Close May 11
April 29, 2011
Cal Trans has sent out a press release today announcing the closing of Hwy. 50 for 2 weeks starting May 11. The closure is part of the first stage of a safety enhancement project that will remove damaged rock walls and replace them with a new barrier. There will be one-way controlled traffic on May 9 and 10 and after the 14 day closure controlled one-way traffic will be in place for 6 weeks Monday through Friday. The Hwy. will be opened with no restrictions on for the each weekend after the 14 day closure each Friday at noon and Monday of Memorial weekend. Find the best route to Lake Tahoe Real Estate by visiting www.way2tahoe.com. Contact Chuck Stanley, (530) 318-8830 or email chuckstanley@sbcglobal.net.
Route from CA
Route from NV
What is it Like to Live in Tahoe? 10 Most Common Questions
April 22, 2011
Wondering what it is like to live in South Lake Tahoe? Well, you came to the right place. I have now lived in South Lake Tahoe full time for 11 years now. That does mot make me an expert but I’m a seasoned vet for sure. I raised 2 children here and have started 3 new careers…..one was very short. I will attempt to answer the most common questions I get from prospective Tahoe Real Estate buyers, but if you have others please contact Chuck Stanley, (530) 318-8830 or email chuckstanley@sbcglobal.net
Q1) What are the winters like? The answer depends on a question I will ask you first….do you like to play in the snow? If the answer is yes you will love it here in Tahoe. If you like skiing, (downhill and cross country), snow shoeing, snow mobiling, sledding, ice skating or just snowman making this place is a winter wonderland. If you don’t, the winters they can be long and annoying….but read on there are other advantages.
Q2) How are the schools? My family found the schools to be good. School is what you and your child make of it. If your student studies hard and likes school and the parent(s) participate the education experience will be above average. There are many elementary schools, with one middle school, one high school and a very nice community college.
Q3) Is there a lot of crime? We have lived in the Christmas Valley neighborhood and have never had a bicycle or anything stolen from the yard, house or car. Not to say it could ever happen but we have not experienced any crime. The only real crime and trouble I hear about is downtown (casino area) during big holidays when the size of the population substantially increases and the vacation revelers overindulge. Yes we have our share of drugs, domestic violence, and petty theft but it is just not that prevalent. In the winter not many petty criminals like to roam around on cold winter nights. Check out the police blotter in the local paper.
Q4) Can I get a job in Tahoe? If you are resourceful you can find work in Tahoe. Meaningful work might be a different story. I’ve always said Tahoe is not a place to come make money it is a place to bring money. If you love having all the summer and winter recreation you can think of right at your finger tips to go along with clean air and clean drinking water, you will be a rich man or women no matter what you do for a living. I have been a home inspector and now a realtor and both have kept me in the essentials but I’m not getting rich……at least not yet. There are many opportunities for employment if you are open minded. Check the classifieds in the local paper.
Q5) What is the cost of living like? The only difference is the gas is more expensive and you have to go off the hill to Carson City to shop for many items not available (I use the internet a lot). Other than that I have found it no more expensive here than in the Bay Area where I lived for 30 years.
Q6) What is housing market like? Homes in Tahoe, just like everywhere else, are low and you can get a very nice home for $200-$400k or you can spend less or more. Search for yourself for free www.101TahoeHomes.com
Q7) What is it like driving in the snow? I have found it to be no big deal at all. Most of the time after the roads are plowed and the sun comes up the next day the roads are clear without ice or snow. 4WD is essential and makes traveling very easy during winter storm conditions. I do not use 4WD very much but when I feel it is necessary it is nice to have, just remember that there is no such thing as 4 wheel stop!
Q8) Are the roads plowed in the winter? Yes, the city and county maintain the streets and major highways in and out of Tahoe. I have traveled over the passes in all conditions without a problem. Hwy. 50 is a major hwy. and the plows work around the clock to keep it open so travel is really pretty easy, just go slower. The residential streets are plowed after every storm so the local residents can go to work, school, shopping etc.
Q9) My children are very involved in sports, how are the youth activities in Tahoe? Little league, soccer, basketball, skiing and best of all hockey is all available. The only difference with the outdoor sports like little league and soccer is the fields are covered with snow well into April/May so we get started a bit later. The kids are still skiing/snowboarding anyways so that is a great trade off. The facilities are good including a NHL size hockey rink for the Norcal (www.norcal.com) players and figure skaters. Great adult leagues as well for men and women. Tahoe also has several golf courses, skate park (indoor and outdoor), disc golf course, and many very nice parks which include fishing ponds for the kids.
Q10) What is the exterior house maintenance like? The snow and cold weather is a little harsher on the siding and any belongings left outside. This is not Minnesota cold but the winter conditions will fade stain and paint faster than in a milder temperate climate. Patio furniture and other outside belongs must be kept covered or preferably stored in a garage or shed for protection. The growing season is shorter so you are limited but if you start your seeds indoor you can grow most anything. Grass is covered most of the winter with snow so you do not have to mow until May at the earliest.
Contact me with any other questions you might have. Live in Tahoe- it is fantastic. Chuck Stanley, (530) 318-8830 or email chuckstanley@sbcglobal.net.
Lake Tahoe Mortgage Rate Update
April 20, 2011
Hello to all today,
The mortgage rates have dipped about an eighth in percent this week. Some tremendous deals are still to be had in the Tahoe/Carson Valley areas.
Wednesday, April 13, 2011
All rates quoted with 15 or 20-day locks, no points or origination fees, unless noted. All rates subject to change without notice.
Conforming (up to $417,000)*
30-year 4.875%
15-year 4.250%
5-year 3.500%
7-year 3.875%
Freddie Mac Relief Refi (up to 105%) & Fannie Mae Plus (up to 105%)
(Restrictions May Apply, call with scenario)
30-year 5.250%
FNMA Home Path
Up to 97% LTV, No appraisal
(Restrictions Apply, call with scenario)
30-year 5.250% (up to 80% LTV)
Agency High Conforming/Super Conforming
30-year 5.000%
5-year 3.875%
Jumbo 5-year
4.875% (1% Fee)
Non-owner Occupied up to 75% LTV
Conforming Purchase & No Cash Out Refinance (90% LTV Available)
30-year 5.250%
FHA (1% UPMIP) / VA (2.25% Funding Fee)
30-year 4.750% (1% Credit)
Quotes are based on 15 or 20-day lock.
Rates are subject to change without prior notice. RE Agent info only.
This post brought to you by Susan Reynolds, Apine Lending Group helping you with your Lake Tahoe Real Estate needs. Contact Suasan at sreynoldsbroker@att.net or call her direct 775-200-0605
South Lake Tahoe Mortgage Up-Date
April 11, 2011
Here are Karen Oliver’s mortgage up-date brought to you by Chuck Stanley, Century 21 Tahoe Paradise. Contact Chuck Stanley, (530) 318-8830 or email chuckstanley@sbcglobal.net.
Rates seem to be holding steady on most programs.
Associated Mortgage Center
Office (530) 544-5309 Toll Free (877) 300-8481 Fax (530) 544-0423
Evenings and Weekends (530) 542-4624
April 11, 2011
Please call, for super jumbo rates.
Check, Compare, and Call, ask for Karen
The rates quoted below are for a 30 day locks.
No points unless stated. All rates subject to change without notice.
Credit Assumptions Apply.
Conforming (up to $417,000)
30 year fixed rate 5.00% 0 points
30 year fixed rate 4.875% .5 points
15 year fixed rate 4.25 % 0 points
High Balance Conforming
580,000.00
15 year fixed rate 4.375 % 0 points
30 year fixed rate 5.125 % 0 points
FHA (up to $417,000.)
30 year fixed rate 4.75 % 0 point
15 year fixed rate 4.25 % 0 point
FHA High Balance
30 year fixed rate 4.75 % 0 POINTS!
Call for Jumbo Rates!
USDA 30 year fixed 4.875 % 0 points
Licensed Real Estate Agent in Ca
Associated Mortgage Center is a Licensed Broker in Ca. & Nevada
Rates quoted are for a 45 day lock
Agent Information Only- Not for public distribution
Call me for any questions you might have regarding the USDA rural housing loans.. (530-544-5309) Ca Lic # 00613741 Brokers, 360120 Agent Lic#00665796, NMLSR 361994,
Check……………….Compare………………Call……..Karen Oliver…………!
Watch Out For Craigslist Scammers in South Lake Tahoe
January 8, 2011
The South Lake Tahoe Board of Realtors has been sending out notifications about Tahoe Real Estate being advertised in the rental section of Craigslist that are really For Sale. Watch out for this scam that normally works like this. The scammer will find bank owned homes that are For Sale and advertise them. The scammers use bank owned homes because they know they are vacant. They will say things like they are out of the country or in the military and need to rent the property. They’ll email instructions to go drive by the property and ask you for a deposit if interested. Normally they price the rental really low and that is your biggest warning. If it is too good to be true it normally is. If they tell you to hurry and get your deposit in before someone else does that is another warning sign.
If you know of anyone that is looking for rentals, tell them to Google the address of the rental. If they see it on a Realtors MLS Search as being For Sale, then it’s probably a scam.
Contact Chuck Stanley, Century 21 Tahoe Paradise, 530-318-8830, chuckstanley@sbcglobal.net
Interest Rate Up-Date for 1/7/11
January 7, 2011
Friday, January 07, 2011 Courtesy of Susan Reynolds Alpine Lending Group
sreynoldsbroker@att.net 775-200-0605
All rates quoted with 15 or 20-day locks, no points or origination fees, unless noted. All rates subject to change without notice.
Conforming (up to $417,000)*
30-year 4.875%
15-year 4.250%
5-year 3.875%
7-year 3.875% (1% Fee)
Freddie Mac Relief Refi (up to 105%) & Fannie Mae Plus (up to 105%)
(Restrictions May Apply, call with scenario)
30-year 4.875%
FNMA Home Path
(Restrictions Apply, call with scenario)
30-year 5.000%
FNMA High Conforming Limits:
$580,000 El Dorado, Placer, Sacramento Counties
$463,450 Alpine County
NV counties remain at $417,000, except Douglas $468,750
https://www.efanniemae.com/sf/refmaterials/loanlimits/xls/loanlimref.xls
30-year 5.125%
5-year 4.000% (1.60% Fee)
Jumbo 5-year
5.000% (1% Fee)
Non-owner Occupied up to 75% LTV
Conforming Purchase & No cash out refinance (90% LTV Available)
30-year 5.000% (1% Fee)
FHA (1% UPMIP) / VA (2.25% Funding Fee)
30-year 4.875%
Quotes are based on 15 or 20-day lock.
Rates are subject to change without prior notice. RE Agent info only.
Susan Reynolds-
Alpine Lending Group
VOX 775-200-0605 Follows me everywhere
FAX 775-847-7375
NV Mortgage Broker License #3079
NV Mortgage Agent License #46738
CA Broker License #00860550
NMLS #248311
21320 Delta Drive – Reno – NV – 89521
NMLS #338361
3330 Lake Tahoe Blvd #13 – South Lake Tahoe – CA – 96150
NMLS #339207
South Lake Tahoe Real Estate- Have We Hit Bottom?
January 6, 2011
47 homes and condos sold in December 2010 in South Lake Tahoe (City & County). Compare this to 53 sales in December of 1990 and you can just about call the activity even year over year month to month. The median home prices seem to be telling a good story and give us some optimism that the market is at or near the bottom. The median home prices were consistent throughout the year at about $320,000. In January of ’09 the median price for South Lake Tahoe Properties was $401,000 and dropped steady until October of ’09 when the median home price hit a low for the year of $320,000 and has remained in that range now for 14 months. We had a high of $328,000 in September and a low of $317, 500 Jan-March. You can almost say prices are on the rise but let’s not get carried away yet. The foreclosures in South Lake Tahoe will have to diminish significantly for us to get to optimistic about a rebound. Median home prices can also fluctuate due to the type and size of homes sold but the stats are still worth looking at. Contact Chuck Stanley, Century 21 Tahoe Paradise, 530-318-8830, chuckstanley@sbcglobal.net
Home and Condo Sold for December 2010
Street # Street Unit List Price # Beds # Baths Sq. Ft. DOM SOLD PRICE
2233 Blitzen 394,900 4 3 2356 755 394,900
680 Seneca 299,999 2 2 1766 531 288,000
771 Lassen 539,000 4 3 2211 284 500,000
697 Seneca 299,900 3 2 1584 245 305,000
3038 Nevada 358,000 3 2 1820 247 358,000
3606 Birch 129,900 3 2 1162 225 88,725
1751 Nadowa 269,000 3 1.75 1200 218 255,000
357 Ala Wai 214 369,000 3 2 1400 219 340,000
2172 Balboa 1,798,000 5 5 4000 195 1,600,000
1523 Plumas 224,900 3 1 1292 208 147,000
922 Han 379,000 3 2 1930 202 350,000
2305 Oregon 289,000 3 2 1248 173 260,000
2042 Aloha 627,900 3 3 2457 181 605,000
1410 Ski Run 31 175,000 2 1.5 832 148 165,000
2604 Fountain 179,000 2 1 864 160 175,000
1683 Chippewa 399,000 3 2 1504 158 393,000
1909 Elks Club 527,900 3 2.5 2926 158 528,000
2324 Alice Lake 319,900 3 2 1630 163 290,000
1137 Keller 175,000 2 1 816 143 165,000
840 Paloma 299,000 4 2 2472 148 310,000
250 Wiltse 299,000 3 2.5 2896 139 275,000
1590 Miztec 759,000 6 5 4015 128 700,000
1500 Crystal Air 399,900 3 2.5 1931 137 390,000
550 Lake Tahoe 214,900 3 1 1092 119 207,900
489 Tahoe Keys 75 279,900 2 1.5 1014 106 254,000
1228 Goldpan 349,000 3 2 1856 107 325,000
3397 Beaver Brae 609,000 4 3 2753 110 601,000
2452 Lupine 649,000 4 3 3355 81 639,000
1183 Reno 175,000 2 1 1000 73 165,000
2264 Sky Meadows 179,500 2 1.75 1120 64 179,500
2146 Monterey 795,000 5 3 2718 70 732,500
1905 Koyukon 349,000 4 2 1836 49 339,000
2383 Blitzen 325,000 2 2 1166 55 310,000
1927 Venice 649,000 4 2.5 2625 49 625,000
1846 Haidas 449,000 3 2 1925 47 435,000
1321 Acoma 198,500 2 1 864 49 192,000
1585 Pioneer 514,080 4 3 2885 40 500,000
2645 Elwood 229,900 3 3 2068 31 229,900
1139 Herbert B 183,000 3 2 1161 20 175,000
971 Kiowa 152,500 2 1 768 25 154,000
3524 Pinecrest 235,620 4 3 2005 28 256,500
724 San Francisco 195,900 3 2 1092 82 196,000
8036 Mill Run 99,000 1 0.75 900 95 95,000
1888 Osage 648,000 6 5 4198 116 500,000
1410 Ski Run 7 150,000 2 1.5 832 156 135,000
1712 Meadow Vale 739,000 6 3.5 4083 567 710,000
2245 Del Norte 895,000 4 3 4407 1365 800,000
Contact Chuck Stanley, Century 21 Tahoe Paradise, 530-318-8830, chuckstanley@sbcglobal.net
Blue Go Bus Schedule South Lake Tahoe
December 23, 2010
Blue Go has a great schedule in South Lake Tahoe. The service also offers late night on call pick up service from your location directly to your home for a small fee. This is a very popular service anytime but especially during the Holidays. Call Blue Go for a safe ride to your new South Lake Tahoe Home. For Schedule and fares simply click on the following link: Blue Go Route and Schedule For on call reservations and information call 530-541-7149
Contact Chuck Stanley, Century 21 Tahoe Paradise, 530-318-8830, chuckstanley@sbcglobal.net
South Lake Tahoe Sales Up-Date
December 21, 2010
Here’s the most sales November/December sales for South Lake Tahoe Properties in Christmas Valley, Country Club Estates, Meyers, Tahoe Paradise and Pioneer Trail area of South Lake Tahoe. Contact Chuck Stanley, Century 21 Tahoe Paradise, 530-318-8830, chuckstanley@sbcglobal.net
| Address | Street | List Price | Bedrooms | Baths | Year | Size | Days on market | Selling Price | |
| 2233 | Blitzen | 394,900 | 4 | 3 | 2008 | 2356 | 755 | 394,900 | |
| 1712 | Meadow Vale | 739,000 | 6 | 3.5 | 2009 | 4083 | 567 | 710,000 | |
| 3075 | Egret | 475,000 | 3 | 2 | 2010 | 1348 | 298 | 420,000 | |
| 1751 | Nadowa | 269,000 | 3 | 1.75 | 2010 | 1200 | 218 | 255,000 | |
| 1941 | Arrowhead | 349,000 | 5 | 2 | 2010 | 2216 | 139 | 319,000 | |
| 1194 | Tokochi | 199,000 | 2 | 1 | 2010 | 1095 | 126 | 187,000 | |
| 1683 | Chippewa | 399,000 | 3 | 2 | 2010 | 1504 | 158 | 393,000 | |
| 1938 | Osage | 648,888 | 6 | 4 | 2010 | 3384 | 105 | 630,000 | |
| 1590 | Miztec | 759,000 | 6 | 5 | 2010 | 4015 | 128 | 700,000 | |
| 967 | Colusa | 425,000 | 3 | 2.5 | 2010 | 2286 | 93 | 420,000 | |
| 1033 | Cheyenne | 219,000 | 3 | 2 | 2010 | 1124 | 84 | 215,000 | |
| 1996 | Susquehana | 215,500 | 3 | 1.75 | 2010 | 1040 | 79 | 204,000 | |
| 1867 | Brule | 239,000 | 4 | 2 | 2010 | 1228 | 77 | 235,000 | |
| 1905 | Koyukon | 349,000 | 4 | 2 | 2010 | 1836 | 49 | 339,000 | |
| 2383 | Blitzen | 325,000 | 2 | 2 | 2010 | 1166 | 55 | 310,000 |